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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
Net revenue:        
Mountain and Lodging services and other $ 753,758 $ 687,119 $ 933,789 $ 831,141
Mountain and Lodging retail and dining 170,674 162,203 254,233 238,087
Resort net revenue 924,432 849,322 1,188,022 1,069,228
Real Estate Revenue 206 256 4,386 354
Revenues 924,638 849,578 1,192,408 1,069,582
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 387,842 350,633 616,552 544,745
Mountain and Lodging retail and dining cost of products sold 67,135 63,505 104,870 98,381
General and administrative 91,302 77,362 166,357 141,741
Resort operating expense 546,279 491,500 887,779 784,867
Real Estate operating expense 1,505 1,389 6,798 2,759
Total segment operating expense 547,784 492,889 894,577 787,626
Other operating (expense) income:        
Depreciation and amortization (63,812) (55,238) (121,657) (106,281)
Gain on sale of real property 0 0 207 0
Change in estimated fair value of contingent consideration (Note 9) (1,600) (700) (2,736) (1,900)
(Loss) gain on disposal of fixed assets and other, net (709) 1,097 1,558 478
Income from operations 310,733 301,848 175,203 174,253
Mountain equity investment income, net 169 160 1,360 1,110
Investment income and other, net (361) (507) (638) (970)
Foreign currency (loss) gain on intercompany loans (Note 6) (798) 450 (438) (1,861)
Interest expense, net (26,134) (21,002) (48,824) (39,640)
Income before provision for income taxes 284,331 281,963 127,939 134,832
Provision for income taxes (67,313) (63,973) (20,750) (27,568)
Net income 217,018 217,990 107,189 107,264
Net income attributable to noncontrolling interests (10,648) (11,641) (7,294) (8,710)
Net income attributable to Vail Resorts, Inc. $ 206,370 $ 206,349 $ 99,895 $ 98,554
Per share amounts (Note 5):        
Basic net income per share attributable to Vail Resorts, Inc. $ 5.12 $ 5.12 $ 2.48 $ 2.44
Diluted net income per share attributable to Vail Resorts, Inc. 5.04 5.02 2.44 2.39
Cash dividends declared per share $ 1.76 $ 1.47 $ 3.52 $ 2.94