XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Jan. 31, 2022
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 January 31, |  | Six Months Ended January 31,
| 2022 |  | 2021 (1) |  | 2022 |  | 2021 (1)
Net revenue: |  |  |  |  |  |  |
Mountain | $ | 834,375 |  |  | $ | 641,978 |  |  | 943,675 |  |  | 741,457 |
Lodging | 71,980 |  |  | 42,351 |  |  | 137,941 |  |  | 74,404 |
Total Resort net revenue | 906,355 |  |  | 684,329 |  |  | 1,081,616 |  |  | 815,861 |
Real Estate | 180 |  |  | 315 |  |  | 495 |  |  | 569 |
Total net revenue | $ | 906,535 |  |  | $ | 684,644 |  |  | $ | 1,082,111 |  |  | $ | 816,430 |
Segment operating expense: |  |  |  |  |  |  |
Mountain | $ | 446,700 |  |  | $ | 360,629 |  |  | $ | 668,478 |  |  | $ | 549,254 |
Lodging | 62,612 |  |  | 48,829 |  |  | 126,022 |  |  | 90,502 |
Total Resort operating expense | 509,312 |  |  | 409,458 |  |  | 794,500 |  |  | 639,756 |
Real Estate | 1,511 |  |  | 1,615 |  |  | 2,981 |  |  | 3,065 |
Total segment operating expense | $ | 510,823 |  |  | $ | 411,073 |  |  | $ | 797,481 |  |  | $ | 642,821 |
Gain on sale of real property | $ | 931 |  |  | $ | — |  |  | $ | 962 |  |  | $ | — |
Mountain equity investment income, net | $ | 818 |  |  | $ | 1,180 |  |  | $ | 2,332 |  |  | $ | 5,166 |
Reported EBITDA: |  |  |  |  |  |  |
Mountain | $ | 388,493 |  |  | $ | 282,529 |  |  | $ | 277,529 |  |  | $ | 197,369 |
Lodging | 9,368 |  |  | (6,478) |  |  | 11,919 |  |  | (16,098) |
Resort | 397,861 |  |  | 276,051 |  |  | 289,448 |  |  | 181,271 |
Real Estate | (400) |  |  | (1,300) |  |  | (1,524) |  |  | (2,496) |
Total Reported EBITDA | $ | 397,461 |  |  | $ | 274,751 |  |  | $ | 287,924 |  |  | $ | 178,775 |
Real estate held for sale or investment | $ | 95,331 |  |  | $ | 96,801 |  |  | $ | 95,331 |  |  | $ | 96,801 |
Reconciliation from net income (loss) attributable to Vail Resorts, Inc. to Total Reported EBITDA: |  |  |  |  |  |  |
Net income (loss) attributable to Vail Resorts, Inc. | $ | 223,391 |  |  | $ | 147,798 |  |  | $ | 84,059 |  |  | $ | (5,968) |
Net income (loss) attributable to noncontrolling interests | 10,539 |  |  | 1,332 |  |  | 7,350 |  |  | (1,923) |
Net income (loss) | 233,930 |  |  | 149,130 |  |  | 91,409 |  |  | (7,891) |
Provision (benefit) from income taxes | 52,049 |  |  | 27,221 |  |  | (7,804) |  |  | (10,257) |
Income (loss) before provision (benefit) from income taxes | 285,979 |  |  | 176,351 |  |  | 83,605 |  |  | (18,148) |
Depreciation and amortization | 62,070 |  |  | 62,663 |  |  | 123,559 |  |  | 125,291 |
Change in estimated fair value of contingent consideration | 16,780 |  |  | 1,000 |  |  | 18,780 |  |  | 1,802 |
(Gain) loss on disposal of fixed assets and other, net | (7,347) |  |  | 2,192 |  |  | (16,214) |  |  | 2,761 |
Investment income and other, net | (257) |  |  | (167) |  |  | (756) |  |  | (510) |
Foreign currency loss (gain) on intercompany loans | 2,870 |  |  | (5,135) |  |  | 2,039 |  |  | (5,675) |
Interest expense, net | 37,366 |  |  | 37,847 |  |  | 76,911 |  |  | 73,254 |
Total Reported EBITDA | $ | 397,461 |  |  | $ | 274,751 |  |  | $ | 287,924 |  |  | $ | 178,775 |
(1) Segment results for the three and six months ended January 31, 2021 have been retrospectively adjusted to reflect current period presentation.

X
- 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 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration