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Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2025
Jan. 31, 2024
Net revenue:        
Mountain and Lodging services and other $ 957,091 $ 905,053 $ 1,144,141 $ 1,087,887
Mountain and Lodging retail and dining 179,963 172,745 253,125 244,187
Resort net revenue 1,137,054 1,077,798 1,397,266 1,332,074
Real Estate Revenue 171 160 234 4,449
Revenues 1,137,225 1,077,958 1,397,500 1,336,523
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 495,585 474,170 761,849 729,746
Mountain and Lodging retail and dining cost of products sold 68,011 65,289 96,958 96,584
General and administrative 114,540 112,714 221,397 220,739
Resort operating expense 678,136 652,173 1,080,204 1,047,069
Real Estate operating expense 1,758 1,676 3,249 6,857
Total segment operating expense 679,894 653,849 1,083,453 1,053,926
Other operating (expense) income:        
Depreciation and amortization (73,107) (69,399) (144,740) (136,127)
Gain on sale of real property 0 0 16,506 6,285
Change in estimated fair value of contingent consideration (Note 8) (100) (3,400) (2,179) (6,457)
Gain (loss) on disposal of fixed assets and other, net 293 (758) (1,236) (2,801)
Income from operations 384,417 350,552 182,398 143,497
Mountain equity investment income (loss), net 745 (579) 2,896 280
Investment income and other, net 3,021 4,863 5,514 8,547
Foreign currency (loss) gain on intercompany loans (Note 5) (1,385) 3,040 (1,649) (1,925)
Interest expense, net (42,368) (40,585) (84,522) (81,315)
Income before provision for income taxes 344,430 317,291 104,637 69,084
Provision for income taxes (86,331) (87,486) (28,082) (22,326)
Net income 258,099 229,805 76,555 46,758
Net income attributable to noncontrolling interests (12,551) (10,506) (3,843) (2,971)
Net income attributable to Vail Resorts, Inc. $ 245,548 $ 219,299 $ 72,712 $ 43,787
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 6.57 $ 5.78 $ 1.94 $ 1.15
Diluted net income per share attributable to Vail Resorts, Inc. 6.56 5.76 1.94 1.15
Cash dividends declared per share $ 2.22 $ 2.06 $ 4.44 $ 4.12