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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Cash flows from operating activities:      
Net income $ 109,055 $ 323,493 $ 401,230
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 249,572 218,117 204,462
Asset impairments 28,372 0 0
Cost of real estate sales 3,684 0 3,701
Stock-based compensation expense 21,021 19,856 19,040
Deferred income taxes, net 17,435 22,419 (45,770)
Canyons obligation accreted interest expense 5,773 5,752 5,723
Change in fair value of contingent consideration (2,964) 5,367 (1,854)
Foreign currency loss on intercompany loans 3,230 2,854 8,966
Gain on sale of real property (207) (580) (515)
Other non-cash income, net (16,674) (13,875) (13,784)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net 167,347 (35,406) (44,261)
Inventories, net (1,924) (7,274) (963)
Accounts payable and accrued liabilities (82,394) 23,296 1,879
Increase (Decrease) in Deferred Revenue (98,003) 35,628 42,007
Income taxes payable - excess tax benefit from share award plans (8,236) (12,932) (71,077)
Income taxes payable - other (4,951) 38,773 38,453
Other assets and liabilities, net 4,814 8,743 1,249
Net cash provided by operating activities 394,950 634,231 548,486
Cash flows from investing activities:      
Capital expenditures (172,334) (192,035) (140,611)
Acquisition of businesses, net of cash acquired (327,555) (419,044) (1,356)
Other investing activities, net 7,150 15,045 7,388
Net cash used in investing activities (492,739) (596,034) (134,579)
Cash flows from financing activities:      
Proceeds from borrowings under Vail Holdings Credit Agreement 892,625 543,625 225,000
Proceeds from borrowings under Whistler Credit Agreement 209,634 26,518 46,513
Proceeds from borrowings under 6.25% Notes 600,000 0 0
Repayments of borrowings under Vail Holdings Credit Agreement (811,875) (235,625) (182,500)
Repayments of borrowings under Whistler Credit Agreement (204,032) (45,060) (91,941)
Employee taxes paid for share award exercises (19,478) (27,239) (104,077)
Repurchases of common stock (46,422) (85,000) (25,800)
Dividends paid (212,732) (260,567) (204,161)
Other financing activities, net (31,487) (16,210) (13,749)
Net cash provided by (used in) financing activities 376,233 (99,558) (350,715)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 5,253 (5,290) (5,814)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 283,697 (66,651) 57,378
Cash, cash equivalents and restricted cash:      
Beginning of period 118,389 185,040 127,662
End of period 402,086 118,389 185,040
Cash paid for interest 88,398 70,888 53,842
Taxes paid, net 4,134 27,212 16,945
Accrued capital expenditures $ 15,046 $ 18,420 $ 15,638