XML 52 R33.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Tables)
 12 Months Ended
Jul. 31, 2024
Segment Reporting [Abstract]  
Summary Of Financial Information By Reportable Segment
 Year ended July 31,
  
202420232022
Net revenue:
Mountain$2,544,370 $2,540,906 $2,213,114 
Lodging336,117 340,393 312,090 
Total Resort net revenue2,880,487 2,881,299 2,525,204 
Real Estate4,704 8,065 708 
Total net revenue$2,885,191 $2,889,364 $2,525,912 
Segment operating expense:
Mountain$1,743,351 $1,718,941 $1,404,527 
Lodging313,099 328,126 286,343 
Total Resort operating expense2,056,450 2,047,067 1,690,870 
Real Estate9,514 10,635 5,911 
Total segment operating expense$2,065,964 $2,057,702 $1,696,781 
Gain on sale of real property$6,285 $842 $1,276 
Mountain equity investment income, net$1,053 $605 $2,580 
Reported EBITDA:
Mountain$802,072 $822,570 $811,167 
Lodging23,018 12,267 25,747 
Resort825,090 834,837 836,914 
Real Estate1,475 (1,728)(3,927)
Total Reported EBITDA$826,565 $833,109 $832,987 
Real estate held for sale or investment$86,548 $90,207 $95,983 
Reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:   
Net income attributable to Vail Resorts, Inc.$230,405 $268,148 $347,923 
Net income attributable to noncontrolling interests15,874 16,955 20,414 
Net income246,279 285,103 368,337 
Provision for income taxes98,816 88,414 88,824 
Income before provision for income taxes345,095 373,517 457,161 
Depreciation and amortization276,493 268,501 252,391 
Loss (gain) on disposal of fixed assets and other, net (1)
9,633 9,070 (43,992)
Change in estimated fair value of contingent consideration47,957 49,836 20,280 
Investment income and other, net(18,592)(23,744)(3,718)
Foreign currency loss on intercompany loans4,140 2,907 2,682 
Interest expense, net161,839 153,022 148,183 
Total Reported EBITDA$826,565 $833,109 $832,987 
Revenue and Properties, Plant and Equipment from External Customers by Geographic Areas [Table Text Block]
Geographic Information
Net revenue and long-lived assets, excluding financial instruments and deferred tax assets, by geographic region are as follows (in thousands):
Year ended July 31,
Net revenue202420232022
U.S.$2,386,749 $2,366,342 $2,228,708 
International (1)
498,442 523,022 297,204 
Total net revenue$2,885,191 $2,889,364 $2,525,912 
July 31,
Long-lived assets20242023
U.S.$2,858,275 $2,853,758 
International (2)
1,925,108 1,882,018 
Total long-lived assets$4,783,383 $4,735,776 
(1) The only individual international country (i.e. except the U.S.) to account for more than 10% of the Company’s net revenue was Canada. Canada accounted for $326.2 million and $321.7 million of net revenue for the year ended July 31, 2024 and 2023, respectively. For the year ended July 31, 2022, no individual international country accounted for more than 10% of the Company’s net revenue.
(2) The only individual international country to account for more than 10% of the Company’s long-lived assets was Canada. Canada accounted for $1,373.8 million and $1,446.0 million of long-lived assets as of July 31, 2024 and 2023, respectively.