XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2019
Jan. 31, 2018
Net revenue:        
Mountain and Lodging services and other $ 687,119 $ 594,372 $ 831,141 $ 737,720
Mountain and Lodging retail and dining 162,203 140,069 238,087 216,935
Resort net revenue 849,322 734,441 1,069,228 954,655
Real Estate Revenue 256 134 354 770
Revenues 849,578 734,575 1,069,582 955,425
Operating expense (exclusive of depreciation and amortization shown separately below):        
Mountain and Lodging operating expense 350,633 297,503 544,745 478,779
Mountain and Lodging retail and dining cost of products sold 63,505 57,237 98,381 92,916
General and administrative 77,362 70,736 141,741 128,599
Resort operating expense 491,500 425,476 784,867 700,294
Real Estate operating expense 1,389 1,207 2,759 2,898
Total segment operating expense 492,889 426,683 787,626 703,192
Other operating (expense) income:        
Depreciation and amortization (55,238) (51,404) (106,281) (100,028)
Gain on sale of real property 0 515 0 515
Change in estimated fair value of contingent consideration (Note 8) (700) 0 (1,900) 0
Gain on disposal of fixed assets and other, net 1,097 538 478 1,105
Income from operations 301,848 257,541 174,253 153,825
Mountain equity investment income (loss), net 160 (35) 1,110 487
Investment income and other, net 507 397 970 780
Foreign currency gain (loss) on intercompany loans (Note 5) 450 10,337 (1,861) 2,991
Interest expense, net (21,002) (15,973) (39,640) (31,147)
Income before (provision) benefit from income taxes 281,963 252,267 134,832 126,936
(Provision) benefit from income taxes (63,973) (3,594) (27,568) 89,810
Net income 217,990 248,673 107,264 216,746
Net income attributable to noncontrolling interests (11,641) (12,982) (8,710) (9,440)
Net income attributable to Vail Resorts, Inc. $ 206,349 $ 235,691 $ 98,554 $ 207,306
Per share amounts (Note 4):        
Basic net income per share attributable to Vail Resorts, Inc. $ 5.12 $ 5.82 $ 2.44 $ 5.14
Diluted net income per share attributable to Vail Resorts, Inc. 5.02 5.67 2.39 4.97
Cash dividends declared per share $ 1.47 $ 1.053 $ 2.940 $ 2.106