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Segment Information (Tables)

9 Months Ended

Apr. 30, 2020

Segment Reporting [Abstract]

Summary Of Financial Information By Reportable Segment

The following table presents financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):

	Three Months Ended April 30,								Nine Months Ended April 30,
	2020				2019				2020				2019
Net revenue:
Lift	$	374,818			$	526,881			$	900,995			$	999,124
Ski school	76,563				110,755				187,840				207,271
Dining	61,632				78,928				158,980				162,629
Retail/rental	78,133				114,082				259,761				285,860
Other	44,158				47,252				154,105				144,093
Total Mountain net revenue	635,304				877,898				1,661,681				1,798,977
Lodging	58,385				79,848				220,030				227,997
Total Resort net revenue	693,689				957,746				1,881,711				2,026,974
Real Estate	398				241				4,784				595
Total net revenue	$	694,087			$	957,987			$	1,886,495			$	2,027,569
Segment operating expense:
Mountain	$	333,785			$	410,254			$	1,068,479			$	1,056,625
Lodging	55,460				67,221				208,545				205,717
Total Resort operating expense	389,245				477,475				1,277,024				1,262,342
Real Estate	1,128				1,382				7,926				4,141
Total segment operating expense	$	390,373			$	478,857			$	1,284,950			$	1,266,483
Gain on sale of real property	$	—			$	268			$	207			$	268
Mountain equity investment (loss) income, net	$	(90	)		$	445			$	1,270			$	1,555
Reported EBITDA:
Mountain	$	301,429			$	468,089			$	594,472			$	743,907
Lodging	2,925				12,627				11,485				22,280
Resort	304,354				480,716				605,957				766,187
Real Estate	(730		)		(873		)		(2,935		)		(3,278		)
Total Reported EBITDA	$	303,624			$	479,843			$	603,022			$	762,909
Real estate held for sale and investment	$	96,565			$	101,251			$	96,565			$	101,251
Reconciliation from net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net income attributable to Vail Resorts, Inc.	$	152,546			$	292,134			$	252,441			$	390,688
Net income attributable to noncontrolling interests	7,285				16,396				14,579				25,106
Net income	159,831				308,530				267,020				415,794
Provision for income taxes	26,440				93,346				47,190				120,914
Income before provision for income taxes	186,271				401,876				314,210				536,708
Depreciation and amortization	64,730				55,260				186,387				161,541
Asset impairments	28,372				—				28,372				—
Change in estimated fair value of contingent consideration	(8,000		)		1,567				(5,264		)		3,467
Loss (gain) on disposal of fixed assets and other, net	380				(27		)		(1,178		)		(505		)
Investment income and other, net	(361		)		(1,727		)		(999		)		(2,697		)
Foreign currency loss on intercompany loans	7,753				3,319				8,191				5,180
Interest expense, net	24,479				19,575				73,303				59,215
Total Reported EBITDA	$	303,624			$	479,843			$	603,022			$	762,909

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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