v3.22.2.2
Consolidated Statements Of Cash Flows
$ in Thousands, SFr in Millions
 12 Months Ended
Jul. 31, 2022
USD ($)
Jul. 31, 2021
USD ($)
Jul. 31, 2020
USD ($)
Cash flows from operating activities:      
Net income $ 368,337 $ 124,457 $ 109,055
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 252,391 252,585 249,572
Asset impairments 0 0 28,372
Stock-based compensation expense 24,885 24,395 21,021
Deferred income taxes, net (9,390) (16,136) 17,435
Gain (Loss) on Disposition of Assets (43,992) 5,373 (838)
Change in fair value of contingent consideration 20,280 14,402 (2,964)
Other Noncash Expense 3,510    
Other non-cash expense (income), net   (7,231) (3,356)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (39,010) (237,188) 167,347
Inventories, net (28,048) 22,781 (1,924)
Accounts payable and accrued liabilities 41,078 118,979 (82,394)
Deferred revenue 48,973 199,410 (98,003)
Income taxes payable - excess tax benefit from share award plans (17,042) (18,096) (8,236)
Income taxes payable - other 98,349 29,946 (4,951)
Other assets and liabilities, net (9,822) 11,573 4,814
Net cash provided by operating activities 710,499 525,250 394,950
Cash flows from investing activities:      
Capital expenditures (192,817) (115,097) (172,334)
Acquisition of businesses, net of cash acquired (116,337) 0 (327,555)
Other Payments to Acquire Businesses (114,414) 0 0
Proceeds from Sale of Property, Plant, and Equipment 66,264 9,705 6,630
Other investing activities, net 9,387 2,063 520
Net cash used in investing activities (347,917) (103,329) (492,739)
Cash flows from financing activities:      
Proceeds from borrowings under Vail Holdings Credit Agreement 0 0 892,625
Proceeds from borrowings under Whistler Credit Agreement 0 27,775 209,634
Proceeds from Convertible Debt 0 575,000 0
Proceeds from borrowings under 6.25% Notes 0 0 600,000
Repayments of borrowings under Vail Holdings Credit Agreement (62,500) (62,500) (811,875)
Repayments of borrowings under Whistler Credit Agreement (32,633) (45,657) (204,032)
Repayment of EB-5 Development Notes (51,500) 0 0
Employee taxes paid for share award exercises (37,300) (39,090) (19,478)
Repurchases of common stock (75,006) 0 (46,422)
Dividends paid (225,786) 0 (212,732)
Other financing activities, net (8,411) (20,866) (31,487)
Net cash (used in) provided by financing activities (493,136) 434,662 376,233
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,913) (95) 5,253
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (132,467) 856,488 283,697
Cash, cash equivalents and restricted cash:      
Beginning of period 1,258,574 402,086 118,389
End of period 1,126,107 1,258,574 402,086
Cash paid for interest 114,074 125,667 88,398
Taxes paid, net 19,692 5,011 4,134
Accrued capital expenditures $ 30,556 $ 5,158 $ 15,046