VAIL RESORTS INC
For the period ended Jul 31, 2024. Filed Sep 26, 2024.
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FY2024 · Filed Sep 26, 2024
MTN$159.89+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| Year Ended July 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net revenue: | |||
| Mountain and Lodging services and other | $2,388,227 | $2,372,175 | $2,116,547 |
| Mountain and Lodging retail and dining | 492,260 | 509,124 | 408,657 |
| Resort net revenue | 2,880,487 | 2,881,299 | 2,525,204 |
| Real Estate | 4,704 | 8,065 | 708 |
| Total net revenue | 2,885,191 | 2,889,364 | 2,525,912 |
| Operating expense (exclusive of depreciation and amortization shown separately below): | |||
| Mountain and Lodging operating expense | 1,458,369 | 1,454,324 | 1,180,963 |
| Mountain and Lodging retail and dining cost of products sold | 188,054 | 203,278 | 162,414 |
| General and administrative | 410,027 | 389,465 | 347,493 |
| Resort operating expense | 2,056,450 | 2,047,067 | 1,690,870 |
| Real Estate | 9,514 | 10,635 | 5,911 |
| Total segment operating expense | 2,065,964 | 2,057,702 | 1,696,781 |
| Other operating (expense) income: | |||
| Depreciation and amortization | (276,493) | (268,501) | (252,391) |
| Gain on sale of real property | 6,285 | 842 | 1,276 |
| Change in estimated fair value of contingent consideration (Note 9) | (47,957) | (49,836) | (20,280) |
| (Loss) gain on disposal of fixed assets and other, net | (9,633) | (9,070) | 43,992 |
| Income from operations | 491,429 | 505,097 | 601,728 |
| Interest expense, net | (161,839) | (153,022) | (148,183) |
| Mountain equity investment income, net | 1,053 | 605 | 2,580 |
| Investment income and other, net | 18,592 | 23,744 | 3,718 |
| Foreign currency loss on intercompany loans (Note 6) | (4,140) | (2,907) | (2,682) |
| Income before provision for income taxes | 345,095 | 373,517 | 457,161 |
| Provision for income taxes (Note 10) | (98,816) | (88,414) | (88,824) |
| Net income | 246,279 | 285,103 | 368,337 |
| Net income attributable to noncontrolling interests | (15,874) | (16,955) | (20,414) |
| Net income attributable to Vail Resorts, Inc. | $230,405 | $268,148 | $347,923 |
| Per share amounts (Note 5): | |||
| Basic net income per share attributable to Vail Resorts, Inc. | $6.08 | $6.76 | $8.60 |
| Diluted net income per share attributable to Vail Resorts, Inc. | $6.07 | $6.74 | $8.55 |
| Cash dividends declared per share | $8.56 | $7.94 | $5.58 |
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