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Segment Information (Tables)

6 Months Ended

Jan. 31, 2025

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,
			2025						2024						2025						2024
Net revenue:
Mountain			$	1,063,094					$	999,981					$	1,236,390					$	1,172,436
Lodging			73,960						77,817						160,876						159,638
Total Resort net revenue			1,137,054						1,077,798						1,397,266						1,332,074
Real Estate			171						160						234						4,449
Total net revenue			$	1,137,225					$	1,077,958					$	1,397,500					$	1,336,523
Segment operating expense:
Mountain			$	606,223					$	579,062					$	925,732					$	891,901
Lodging			71,913						73,111						154,472						155,168
Total Resort operating expense			678,136						652,173						1,080,204						1,047,069
Real Estate			1,758						1,676						3,249						6,857
Total segment operating expense			$	679,894					$	653,849					$	1,083,453					$	1,053,926
Gain on sale of real property			$	—					$	—					$	16,506					$	6,285
Mountain equity investment income (loss), net			$	745					$	(579)					$	2,896					$	280
Reported EBITDA:
Mountain			$	457,616					$	420,340					$	313,554					$	280,815
Lodging			2,047						4,706						6,404						4,470
Resort			459,663						425,046						319,958						285,285
Real Estate			(1,587)						(1,516)						13,491						3,877
Total Reported EBITDA			$	458,076					$	423,530					$	333,449					$	289,162
Real estate held for sale or investment			$	90,799					$	86,737					$	90,799					$	86,737
Reconciliation from net income attributable to Vail Resorts, Inc. to Total Reported EBITDA:
Net income attributable to Vail Resorts, Inc.			$	245,548					$	219,299					$	72,712					$	43,787
Net income attributable to noncontrolling interests			12,551						10,506						3,843						2,971
Net income			258,099						229,805						76,555						46,758
Provision for income taxes			86,331						87,486						28,082						22,326
Income before provision for income taxes			344,430						317,291						104,637						69,084
Depreciation and amortization			73,107						69,399						144,740						136,127
Change in estimated fair value of contingent consideration			100						3,400						2,179						6,457
(Gain) loss on disposal of fixed assets and other, net			(293)						758						1,236						2,801
Investment income and other, net			(3,021)						(4,863)						(5,514)						(8,547)
Foreign currency loss (gain) on intercompany loans			1,385						(3,040)						1,649						1,925
Interest expense, net			42,368						40,585						84,522						81,315
Total Reported EBITDA			$	458,076					$	423,530					$	333,449					$	289,162

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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

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-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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