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Segment Information (Tables)

9 Months Ended

Apr. 30, 2024

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,
			2024						2023						2024						2023
Net revenue:
Mountain			$	1,196,058					$	1,144,730					$	2,368,494					$	2,359,889
Lodging			87,055						93,546						246,693						251,740
Total Resort net revenue			1,283,113						1,238,276						2,615,187						2,611,629
Real Estate			169						155						4,618						7,967
Total net revenue			$	1,283,282					$	1,238,431					$	2,619,805					$	2,619,596
Segment operating expense:
Mountain			$	558,564					$	537,898					$	1,450,465					$	1,446,727
Lodging			71,271						77,150						226,439						243,754
Total Resort operating expense			629,835						615,048						1,676,904						1,690,481
Real Estate			1,258						1,679						8,115						9,371
Total segment operating expense			$	631,093					$	616,727					$	1,685,019					$	1,699,852
Gain on sale of real property			$	—					$	88					$	6,285					$	845
Mountain equity investment income, net			$	1,093					$	94					$	1,373					$	482
Reported EBITDA:
Mountain			$	638,587					$	606,926					$	919,402					$	913,644
Lodging			15,784						16,396						20,254						7,986
Resort			654,371						623,322						939,656						921,630
Real Estate			(1,089)						(1,436)						2,788						(559)
Total Reported EBITDA			$	653,282					$	621,886					$	942,444					$	921,071
Real estate held for sale or investment			$	86,568					$	90,078					$	86,568					$	90,078
Reconciliation from net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net income attributable to Vail Resorts, Inc.			$	361,995					$	325,006					$	405,782					$	396,714
Net income attributable to noncontrolling interests			19,388						18,160						22,359						23,011
Net income			381,383						343,166						428,141						419,725
Provision for income taxes			129,280						124,289						151,606						145,315
Income before provision for income taxes			510,663						467,455						579,747						565,040
Depreciation and amortization			68,486						69,097						204,613						199,700
Change in estimated fair value of contingent consideration			36,500						45,900						42,957						47,636
Loss on disposal of fixed assets and other, net			571						6,269						3,372						8,055
Investment income and other, net			(5,096)						(7,740)						(13,643)						(17,734)
Foreign currency loss on intercompany loans			2,305						1,766						4,230						5,563
Interest expense, net			39,853						39,139						121,168						112,811
Total Reported EBITDA			$	653,282					$	621,886					$	942,444					$	921,071

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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
-Name Accounting Standards Codification
-Topic 350
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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