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v3.25.2

Revision of Previously Issued Consolidated Financial Statements (Tables) | 12 Months Ended
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Jul. 31, 2025
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The revisions include corrections of previously identified errors to the Consolidated Balance Sheets for operating lease liabilities and right of use assets and adjustments to the income tax payable and income tax receivable for items identified during its reconciliation of completed income tax returns to its income tax provision that impacted jurisdictional netting. The accompanying Consolidated Statements of Cash Flows have been revised to correct a misclassification between operating and financing activities related to interest on finance lease obligations, and to reflect changes related to the items discussed above. There were no other changes to the Consolidated Statements of Stockholders’ Equity that have not otherwise been reflected in the Consolidated Balance Sheets, Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income or described above. The following tables present the revisions to the Consolidated Balance Sheets, Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income and Consolidated Statements of Cash Flows for the years ended July 31, 2024 and July 31, 2023 (in thousands, except per share amounts):
| July 31, 2024
Consolidated Balance Sheets | As Reported |  | Adjustment |  | As Revised
Other current assets | $ | 79,558 |  |  | $ | (9,400) |  |  | $ | 70,158 |
Total current assets | 911,361 |  |  | (9,400) |  |  | 901,961 |
Property, plant and equipment, net (Note 8) | 2,422,635 |  |  | (4,105) |  |  | 2,418,530 |
Operating right-of-use assets (Note 4) | 256,627 |  |  | 1,641 |  |  | 258,268 |
Total assets | 5,698,437 |  |  | (11,864) |  |  | 5,686,573 |
Income taxes payable | 55,358 |  |  | (8,930) |  |  | 46,428 |
Long-term debt due within one year (Note 6) | 57,153 |  |  | 2,161 |  |  | 59,314 |
Total current liabilities | 1,113,309 |  |  | (6,769) |  |  | 1,106,540 |
Long-term debt, net (Note 6) | 2,721,597 |  |  | 9,895 |  |  | 2,731,492 |
Operating lease liabilities (Note 4) | 233,465 |  |  | 1,641 |  |  | 235,106 |
Deferred income taxes, net (Note 10) | 279,815 |  |  | (3,026) |  |  | 276,789 |
Total liabilities | 4,659,954 |  |  | 1,741 |  |  | 4,661,695 |
Retained earnings | 780,431 |  |  | (13,605) |  |  | 766,826 |
Total Vail Resorts, Inc. stockholders’ equity | 723,537 |  |  | (13,605) |  |  | 709,932 |
Total stockholders’ equity | 1,038,483 |  |  | (13,605) |  |  | 1,024,878 |
Total liabilities and stockholders’ equity | $ | 5,698,437 |  |  | $ | (11,864) |  |  | $ | 5,686,573 |
| Year Ended July 31, 2024
Consolidated Statements of Operations | As Reported |  | Adjustment |  | As Revised
Depreciation and amortization | $ | (276,493) |  |  | $ | (2,580) |  |  | $ | (279,073) |
Income from operations | 491,429 |  |  | (2,580) |  |  | 488,849 |
Interest expense, net | (161,839) |  |  | (2,760) |  |  | (164,599) |
Income before provision for income taxes | 345,095 |  |  | (5,340) |  |  | 339,755 |
Provision for income taxes (Note 10) | (98,816) |  |  | 6,040 |  |  | (92,776) |
Net income | 246,279 |  |  | 700 |  |  | 246,979 |
Net income attributable to Vail Resorts, Inc. | 230,405 |  |  | 700 |  |  | 231,105 |
Basic net income per share attributable to Vail Resorts, Inc. | $ | 6.08 |  |  | $ | 0.02 |  |  | $ | 6.10 |
Diluted net income per share attributable to Vail Resorts, Inc. | $ | 6.07 |  |  | $ | 0.02 |  |  | $ | 6.09 |
| Year Ended July 31, 2024
Consolidated Statements of Comprehensive Income | As Reported |  | Adjustment |  | As Revised
Net income | $ | 246,279 |  |  | $ | 700 |  |  | $ | 246,979 |
Comprehensive income | 167,746 |  |  | 700 |  |  | 168,446 |
Comprehensive income attributable to Vail Resorts, Inc. | $ | 173,475 |  |  | $ | 700 |  |  | $ | 174,175 |
| Year Ended July 31, 2024
Consolidated Statements of Cash Flows | As Reported |  | Adjustment |  | As Revised
Net income | $ | 246,279 |  |  | $ | 700 |  |  | $ | 246,979 |
Depreciation and amortization | 276,493 |  |  | 2,580 |  |  | 279,073 |
Deferred income taxes, net | 12,095 |  |  | (5,393) |  |  | 6,702 |
Other non-cash (income), net | (7,754) |  |  | 5,009 |  |  | (2,745) |
Income taxes payable | (42,794) |  |  | (648) |  |  | (43,442) |
Net cash provided by operating activities | 586,774 |  |  | 2,248 |  |  | 589,022 |
Other financing activities, net | (39,620) |  |  | (2,248) |  |  | (41,868) |
Net cash (used in) financing activities | $ | (574,788) |  |  | $ | (2,248) |  |  | $ | (577,036) |
| Year Ended July 31, 2023
Consolidated Statements of Operations | As Reported |  | Adjustment |  | As Revised
Depreciation and amortization | $ | (268,501) |  |  | $ | (677) |  |  | $ | (269,178) |
Income from operations | 505,097 |  |  | (677) |  |  | 504,420 |
Interest expense, net | (153,022) |  |  | (2,424) |  |  | (155,446) |
Income before provision for income taxes | 373,517 |  |  | (3,101) |  |  | 370,416 |
Provision for income taxes (Note 10) | (88,414) |  |  | 778 |  |  | (87,636) |
Net income | 285,103 |  |  | (2,323) |  |  | 282,780 |
Net income attributable to Vail Resorts, Inc. | 268,148 |  |  | (2,323) |  |  | 265,825 |
Basic net income per share attributable to Vail Resorts, Inc. | $ | 6.76 |  |  | $ | (0.06) |  |  | $ | 6.70 |
Diluted net income per share attributable to Vail Resorts, Inc. | $ | 6.74 |  |  | $ | (0.05) |  |  | $ | 6.69 |
| Year Ended July 31, 2023
Consolidated Statements of Comprehensive Income | As Reported |  | Adjustment |  | As Revised
Net income | $ | 285,103 |  |  | $ | (2,323) |  |  | $ | 282,780 |
Comprehensive income | 263,355 |  |  | (2,323) |  |  | 261,032 |
Comprehensive income attributable to Vail Resorts, Inc. | $ | 246,867 |  |  | $ | (2,323) |  |  | $ | 244,544 |
| Year Ended July 31, 2023
Consolidated Statements of Cash Flows | As Reported |  | Adjustment |  | As Revised
Net income | $ | 285,103 |  |  | $ | (2,323) |  |  | $ | 282,780 |
Depreciation and amortization | 268,501 |  |  | 677 |  |  | 269,178 |
Deferred income taxes, net | 24,065 |  |  | (609) |  |  | 23,456 |
Other non-cash (income), net | (4,687) |  |  | 547 |  |  | (4,140) |
Net cash provided by operating activities | 639,563 |  |  | (1,708) |  |  | 637,855 |
Other financing activities, net | (21,983) |  |  | 1,708 |  |  | (20,275) |
Net cash (used in) financing activities | $ | (915,708) |  |  | $ | 1,708 |  |  | $ | (914,000) |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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