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Cedar Fair LP – ‘10-K’ for 12/31/14 – ‘R29’

On:  Thursday, 2/26/15, at 3:30pm ET   ·   For:  12/31/14   ·   Accession #:  811532-15-57   ·   File #:  1-09444

Previous ‘10-K’:  ‘10-K’ on 2/26/14 for 12/31/13   ·   Next:  ‘10-K’ on 2/26/16 for 12/31/15   ·   Latest:  ‘10-K/A’ on 4/29/24 for 12/31/23   ·   7 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/26/15  Cedar Fair LP                     10-K       12/31/14   80:24M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report on Form 10-K                          HTML   1.27M 
 2: EX-10.31    Material Contract                                   HTML    157K 
 4: EX-21       Subsidiaries List                                   HTML     25K 
 5: EX-23       Consent of Independent Registered Public            HTML     23K 
                Accounting Firm                                                  
 3: EX-12.1     Ratio of Earnings to Fixed Charges                  HTML     49K 
 6: EX-31.1     Section 302 Certification                           HTML     30K 
 7: EX-31.2     Section 302 Certification                           HTML     30K 
 8: EX-32       Section 906 Certification                           HTML     25K 
56: R1          Document and Entity Information Document            HTML     54K 
45: R2          Consolidated Balance Sheets                         HTML    188K 
54: R3          Consolidated Statements of Operations and           HTML    127K 
                Comprehensive Income                                             
58: R4          Consolidated Statements of Cash Flows               HTML    179K 
74: R5          Consolidated Statements of Partners' Equity         HTML    115K 
47: R6          Partnership Organization                            HTML     30K 
53: R7          Summary of Significant Accounting Policies          HTML     88K 
41: R8          Long-Lived Assets                                   HTML     31K 
30: R9          Goodwill and Other Intangible Assets                HTML     93K 
75: R10         Long-Term Debt                                      HTML     83K 
60: R11         Derivative Financial Instruments                    HTML    123K 
59: R12         Partners' Equity                                    HTML    108K 
65: R13         Retirement Plans                                    HTML     29K 
66: R14         Income and Partnership Taxes                        HTML    151K 
63: R15         Operating Lease Commitments and Contingencies       HTML     34K 
67: R16         Fair Value Measurements                             HTML     71K 
55: R17         Changes in Accumulated Other Comprehensive Income   HTML    101K 
                (Notes)                                                          
57: R18         Consolidating Financial Information of Guarantors   HTML   1.12M 
                and Issuers                                                      
62: R19         Summary of Significant Accounting Policies Summary  HTML    139K 
                of Significant Accounting Policies (Policies)                    
80: R20         Summary of Significant Accounting Policies          HTML     60K 
                (Tables)                                                         
70: R21         Goodwill and Other Intangible Assets (Tables)       HTML     87K 
50: R22         Long-Term Debt (Tables)                             HTML     65K 
61: R23         Derivative Financial Instruments (Tables)           HTML    115K 
52: R24         Partners' Equity (Tables)                           HTML     83K 
23: R25         Deferred Tax Assets and Liabilities (Tables)        HTML    149K 
71: R26         Operating Lease Commitments and Contingencies       HTML     31K 
                (Tables)                                                         
77: R27         Fair Value Measurements (Tables)                    HTML     59K 
35: R28         Changes in Accumulated Other Comprehensive Income   HTML     71K 
                (Tables)                                                         
34: R29         Consolidating Financial Information of Guarantors   HTML   1.12M 
                and Issuers (Tables)                                             
39: R30         Partnership Organization (Details)                  HTML     38K 
40: R31         Summary of Significant Accounting Policies Useful   HTML     33K 
                Lives (Details)                                                  
42: R32         Summary of Significant Accounting Policies          HTML     56K 
                Earnings per Unit (Details)                                      
21: R33         Summary of Significant Accounting Policies          HTML     48K 
                Narrative (Details)                                              
68: R34         Long-Lived Assets (Details)                         HTML     27K 
49: R35         Goodwill (Details)                                  HTML     34K 
51: R36         Other Intangible Assets (Details)                   HTML     46K 
26: R37         Debt Instruments (Details)                          HTML     60K 
79: R38         Long-Term Debt Narrative (Details)                  HTML    219K 
15: R39         Schedule of Debt Maturities (Details)               HTML     46K 
43: R40         Derivative Financial Instruments Balance Sheet      HTML     67K 
                Location (Details)                                               
73: R41         Derivative Financial Instruments Schedule of        HTML    156K 
                Derivatives (Details)                                            
25: R42         Derivative Financial Instruments Income Statement   HTML     71K 
                Location (Details)                                               
33: R43         Partners' Equity Narrative (Details)                HTML    172K 
38: R44         Unit Option Activity (Details)                      HTML     62K 
46: R45         Vested Unit Options Outstanding (Details)           HTML     45K 
20: R46         Partners' Equity Nonvested Unit Options Activity    HTML     51K 
                (Details)                                                        
29: R47         Retirement Plans (Details)                          HTML     33K 
17: R48         Income and Partnership Taxes Narrative (Details)    HTML     76K 
72: R49         Income Tax Expense (Details)                        HTML     53K 
24: R50         Income Before Taxes (Details)                       HTML     32K 
69: R51         Effective Income Tax Reconciliation (Details)       HTML     46K 
27: R52         Deferred Tax Assets and Liabilities (Details)       HTML     83K 
44: R53         Income and Partnership Taxes Unrecognized Tax       HTML     38K 
                Benefits (Details)                                               
16: R54         Contingencies (Details)                             HTML     25K 
19: R55         Future Minimum Lease Payments (Details)             HTML     44K 
37: R56         Fair Value Measurements (Details)                   HTML    107K 
22: R57         Changes in Accumulated Other Comprehensive Income   HTML     68K 
                - Changes in AOCI (Details)                                      
76: R58         Changes in Accumulated Other Comprehensive Income   HTML     49K 
                - Reclassifications Out of Accumulated Other                     
                Comprehensive Income (Details)                                   
48: R59         Consolidating Financial Information of Guarantors   HTML    253K 
                and Issuers (Details)                                            
64: R60         Consolidating Financial Information of Guarantors   HTML    315K 
                and Issuers Balance Sheet (Details)                              
28: R61         Consolidating Financial Information of Guarantors   HTML    281K 
                and Issuers Income Statement (Details)                           
31: R62         Consolidating Financial Information of Guarantors   HTML    286K 
                and Issuers Cash Flows (Details)                                 
78: XML         IDEA XML File -- Filing Summary                      XML    115K 
18: EXCEL       IDEA Workbook of Financial Reports                  XLSX    415K 
32: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   4.33M 
 9: EX-101.INS  XBRL Instance -- fun-20141231                        XML   5.88M 
11: EX-101.CAL  XBRL Calculations -- fun-20141231_cal                XML    293K 
12: EX-101.DEF  XBRL Definitions -- fun-20141231_def                 XML   1.15M 
13: EX-101.LAB  XBRL Labels -- fun-20141231_lab                      XML   2.08M 
14: EX-101.PRE  XBRL Presentations -- fun-20141231_pre               XML   1.29M 
10: EX-101.SCH  XBRL Schema -- fun-20141231                          XSD    200K 
36: ZIP         XBRL Zipped Folder -- 0000811532-15-000057-xbrl      Zip    379K

‘R29’   —   Consolidating Financial Information of Guarantors and Issuers (Tables)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v2.4.1.9
Consolidating Financial Information of Guarantors and Issuers (Tables)
 12 Months Ended
Condensed Consolidated Financial Information [Abstract]  
Condensed Cash Flow Statement Adjustments
Condensed Consolidating Statements of Cash Flows
For the Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As reported - Net cash from (for) operating activities
 
$
304,815

 
$
37,035

 
$
30,786

 
$
45,916

 
$
(94,095
)
 
$
324,457

 
Investment in joint ventures and affiliates
 
(29,812
)
 
(24,552
)
 
(33,113
)
 
(6,618
)
 
94,095

 
—

 
Intercompany receivables (payments) receipts
 
—

 
(44,023
)
 
—

 
55,136

 
(11,113
)
 
—

 
Intercompany payables (payments) receipts
 
(112,553
)
 
54,236

 
3,117

 
44,087

 
11,113

 
—

 
Dividends paid
 
—

 
—

 
13,173

 
—

 
(13,173
)
 
—

 
As corrected - Net cash from (for) operating activities
 
$
162,450

 
$
22,696

 
$
13,963

 
$
138,521

 
$
(13,173
)
 
$
324,457

 
 
 
 
 
 
 
 
 
 
 
 
 
—

 
As reported - Net cash from (for) investing activities
 
$
(86,066
)
 
$
(24,552
)
 
$
(42,836
)
 
$
(45,792
)
 
$
94,095

 
$
(105,151
)
 
Investment in joint ventures and affiliates
 
29,812

 
24,552

 
33,113

 
6,618

 
(94,095
)
 
—

 
Intercompany receivables (payments) receipts
 
—

 
44,023

 
—

 
(55,136
)
 
11,113

 
—

 
As corrected - Net cash from (for) investing activities
 
$
(56,254
)
 
$
44,023

 
$
(9,723
)
 
$
(94,310
)
 
$
11,113

 
$
(105,151
)
 
 
 
 
 
 
 
 
 
 
 
 
 
—

 
As reported - Net cash from (for) financing activities
 
$
(168,749
)
 
$
(8,783
)
 
$
(800
)
 
$
—

 
$
—

 
$
(178,332
)
 
Dividends paid
 
—

 
—

 
(13,173
)
 
—

 
13,173

 
—

 
Intercompany payables (payments) receipts
 
112,553

 
(54,236
)
 
(3,117
)
 
(44,087
)
 
(11,113
)
 
—

 
As corrected - Net cash from (for) financing activities
 
$
(56,196
)
 
$
(63,019
)
 
$
(17,090
)
 
$
(44,087
)
 
$
2,060

 
$
(178,332
)
 

Condensed Consolidating Statements of Cash Flows
For the Year Ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As reported - Net cash from (for) operating activities
 
$
130,043

 
$
30,996

 
$
21,256

 
$
143,489

 
$
(39,851
)
 
$
285,933

 
Investment in joint ventures and affiliates
 
30,855

 
(56,099
)
 
2,172

 
(16,779
)
 
39,851

 
—

 
Intercompany receivables (payments) receipts
 
—

 
57,817

 
—

 
63,524

 
(121,341
)
 
—

 
Intercompany payables (payments) receipts
 
28,674

 
(108,688
)
 
16,500

 
(57,827
)
 
121,341

 
—

 
As corrected - Net cash from (for) operating activities
 
$
189,572

 
$
(75,974
)
 
$
39,928

 
$
132,407

 
$
—

 
$
285,933

 
 
 
 
 
 
 
 
 
 
 
 
 
—

 
As reported - Net cash from (for) investing activities
 
$
(1,636
)
 
$
(56,107
)
 
$
(12,379
)
 
$
(49,903
)
 
$
39,851

 
$
(80,174
)
 
Investment in joint ventures and affiliates
 
(30,855
)
 
56,099

 
(2,172
)
 
16,779

 
(39,851
)
 
—

 
Intercompany receivables (payments) receipts
 
—

 
(57,817
)
 
—

 
(63,524
)
 
121,341

 
—

 
Intercompany debt receipts
 
—

 
93,845

 
—

 
—

 
(93,845
)
 
—

 
Capital contribution
 
—

 
(60,000
)
 
—

 
—

 
60,000

 
—

 
As corrected - Net cash from (for) investing activities
 
$
(32,491
)
 
$
(23,980
)
 
$
(14,551
)
 
$
(96,648
)
 
$
87,496

 
$
(80,174
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As reported - Net cash from (for) financing activities
 
$
(103,407
)
 
$
25,043

 
$
9,230

 
$
(93,845
)
 
$
—

 
$
(162,979
)
 
Intercompany debt payments
 
—

 
(93,845
)
 
—

 
—

 
93,845

 
—

 
Capital infusion
 
—

 
60,000

 
—

 
—

 
(60,000
)
 
—

 
Intercompany payables (payments) receipts
 
(28,674
)
 
108,688

 
(16,500
)
 
57,827

 
(121,341
)
 
—

 
As corrected - Net cash from (for) financing activities
 
$
(132,081
)
 
$
99,886

 
$
(7,270
)
 
$
(36,018
)
 
$
(87,496
)
 
$
(162,979
)
 
Condensed Consolidating Balance Sheet
CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING BALANCE SHEET
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
80,000

 
$
382

 
$
45,519

 
$
5,939

 
$
—

 
$
131,840

Receivables
 
8

 
143,931

 
85,838

 
634,112

 
(836,494
)
 
27,395

Inventories
 
—

 
2,074

 
1,594

 
22,215

 
—

 
25,883

Current deferred tax asset
 
—

 
4,547

 
674

 
4,044

 
—

 
9,265

Other current assets
 
680

 
2,079

 
23,818

 
5,905

 
(23,148
)
 
9,334

 
 
80,688

 
153,013

 
157,443

 
672,215

 
(859,642
)
 
203,717

Property and Equipment, net
 
470,851

 
5,630

 
218,260

 
831,810

 
—

 
1,526,551

Investment in Park
 
544,340

 
812,549

 
163,904

 
43,659

 
(1,564,452
)
 
—

Goodwill
 
9,061

 
—

 
108,012

 
111,218

 
—

 
228,291

Other Intangibles, net
 
—

 
—

 
15,312

 
22,879

 
—

 
38,191

Deferred Tax Asset
 
—

 
24,827

 
—

 
—

 
(24,827
)
 
—

Other Assets
 
10,615

 
20,874

 
8,034

 
2,046

 
—

 
41,569

 
 
$
1,115,555

 
$
1,016,893

 
$
670,965

 
$
1,683,827

 
$
(2,448,921
)
 
$
2,038,319

LIABILITIES AND PARTNERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
352,518

 
$
203,895

 
$
32,691

 
$
271,323

 
$
(836,494
)
 
$
23,933

Deferred revenue
 
—

 
60

 
4,592

 
56,509

 
—

 
61,161

Accrued interest
 
4,637

 
3,223

 
2,056

 
—

 
—

 
9,916

Accrued taxes
 
4,309

 
—

 
—

 
40,639

 
(23,148
)
 
21,800

Accrued salaries, wages and benefits
 
—

 
25,851

 
1,103

 
7,148

 
—

 
34,102

Self-insurance reserves
 
—

 
5,386

 
1,565

 
16,426

 
—

 
23,377

Current derivative liability
 
7,062

 
4,729

 
—

 
—

 
—

 
11,791

Other accrued liabilities
 
508

 
8,134

 
122

 
3,375

 
—

 
12,139

 
 
369,034

 
251,278

 
42,129

 
395,420

 
(859,642
)
 
198,219

Deferred Tax Liability
 
—

 
—

 
49,695

 
127,645

 
(24,827
)
 
152,513

Derivative Liability
 
8,438

 
6,211

 
—

 
—

 
—

 
14,649

Other Liabilities
 
—

 
6,105

 
—

 
11,766

 
—

 
17,871

Long-Term Debt:
 
 
 
 
 
 
 
 
 
 
 
 
Term debt
 
346,969

 
247,890

 
13,991

 
—

 
—

 
608,850

Notes
 
294,897

 
205,103

 
450,000

 
—

 
—

 
950,000

 
 
641,866

 
452,993

 
463,991

 
—

 
—

 
1,558,850

 
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
96,217

 
300,306

 
115,150

 
1,148,996

 
(1,564,452
)
 
96,217

 
 
$
1,115,555

 
$
1,016,893

 
$
670,965

 
$
1,683,827

 
$
(2,448,921
)
 
$
2,038,319


CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING BALANCE SHEET
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
75,000

 
$
4,144

 
$
35,575

 
$
3,337

 
$
—

 
$
118,056

Receivables
 
6

 
115,972

 
67,829

 
552,633

 
(715,107
)
 
21,333

Inventories
 
—

 
1,968

 
1,898

 
22,214

 
—

 
26,080

Current deferred tax asset
 
—

 
5,430

 
800

 
3,445

 
—

 
9,675

Other current assets
 
599

 
4,443

 
14,266

 
7,764

 
(15,719
)
 
11,353

 
 
75,605

 
131,957

 
120,368

 
589,393

 
(730,826
)
 
186,497

Property and Equipment, net
 
447,724

 
976

 
243,208

 
813,855

 
—

 
1,505,763

Investment in Park
 
514,948

 
796,735

 
142,668

 
63,948

 
(1,518,299
)
 
—

Goodwill
 
9,061

 
—

 
117,810

 
111,218

 
—

 
238,089

Other Intangibles, net
 
—

 
—

 
16,683

 
22,788

 
—

 
39,471

Deferred Tax Asset
 
—

 
31,122

 
—

 
117

 
(31,239
)
 
—

Other Assets
 
25,210

 
10,002

 
6,657

 
2,938

 
—

 
44,807

 
 
$
1,072,548

 
$
970,792

 
$
647,394

 
$
1,604,257

 
$
(2,280,364
)
 
$
2,014,627

LIABILITIES AND PARTNERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
259,850

 
$
188,818

 
$
17,632

 
$
262,029

 
$
(715,107
)
 
$
13,222

Deferred revenue
 
—

 
—

 
2,815

 
41,706

 
—

 
44,521

Accrued interest
 
4,637

 
3,223

 
15,341

 
—

 
—

 
23,201

Accrued taxes
 
4,609

 
—

 
—

 
30,591

 
(15,719
)
 
19,481

Accrued salaries, wages and benefits
 
—

 
21,596

 
1,101

 
6,503

 
—

 
29,200

Self-insurance reserves
 
—

 
5,757

 
1,742

 
16,154

 
—

 
23,653

Other accrued liabilities
 
1,146

 
2,993

 
181

 
1,201

 
—

 
5,521

 
 
270,242

 
222,387

 
38,812

 
358,184

 
(730,826
)
 
158,799

Deferred Tax Liability
 
—

 
—

 
57,704

 
131,648

 
(31,239
)
 
158,113

Derivative Liability
 
15,610

 
11,052

 
—

 
—

 
—

 
26,662

Other Liabilities
 
—

 
7,858

 
—

 
3,432

 
—

 
11,290

Long-Term Debt:
 
 
 
 
 
 
 
 
 
 
 
 
Term debt
 
352,668

 
251,961

 
14,221

 
—

 


 
618,850

Notes
 
294,897

 
205,103

 
401,782

 
—

 


 
901,782

 
 
647,565

 
457,064

 
416,003

 
—

 
—

 
1,520,632

 
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
139,131

 
272,431

 
134,875

 
1,110,993

 
(1,518,299
)
 
139,131

 
 
$
1,072,548

 
$
970,792

 
$
647,394

 
$
1,604,257

 
$
(2,280,364
)
 
$
2,014,627
Condensed Consolidating Statement of Operations
CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the Year Ended December 31, 2014
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
159,454

 
$
295,252

 
$
121,249

 
$
1,034,056

 
$
(450,406
)
 
$
1,159,605

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Cost of food, merchandise and games revenues
 
—

 
273

 
8,985

 
85,950

 
—

 
95,208

Operating expenses
 
5,371

 
195,899

 
47,013

 
698,202

 
(450,406
)
 
496,079

Selling, general and administrative
 
5,791

 
102,021

 
11,318

 
37,734

 
—

 
156,864

Depreciation and amortization
 
38,341

 
294

 
16,910

 
68,741

 
—

 
124,286

Loss on impairment / retirement of fixed assets, net
 
2,621

 
2,463

 
2,445

 
2,228

 
—

 
9,757

Gain on sale of other assets
 
—

 
—

 
—

 
(921
)
 
—

 
(921
)
 
 
52,124

 
300,950

 
86,671

 
891,934

 
(450,406
)
 
881,273

Operating income (loss)
 
107,330

 
(5,698
)
 
34,578

 
142,122

 
—

 
278,332

Interest expense, net
 
42,440

 
28,718

 
34,249

 
(9,247
)
 
—

 
96,160

Net effect of swaps
 
(1,595
)
 
(467
)
 
—

 
—

 
—

 
(2,062
)
Loss on early debt extinguishment
 
—

 
—

 
29,261

 
—

 
—

 
29,261

Unrealized / realized foreign currency loss
 
—

 
—

 
40,873

 
—

 
—

 
40,873

Other (income) expense
 
750

 
(12,920
)
 
2,482

 
9,688

 
—

 
—

(Income) loss from investment in affiliates
 
(48,622
)
 
(12,899
)
 
(21,236
)
 
25,658

 
57,099

 
—

Income (loss) before taxes
 
114,357

 
(8,130
)
 
(51,051
)
 
116,023

 
(57,099
)
 
114,100

Provision (benefit) for taxes
 
10,142

 
(8,473
)
 
(25,396
)
 
33,612

 
—

 
9,885

Net income (loss)
 
$
104,215

 
$
343

 
$
(25,655
)
 
$
82,411

 
$
(57,099
)
 
$
104,215

Other comprehensive income (loss), (net of tax):
 
 
 
 
 
 
 
 
 
 
 
 
Cumulative foreign currency translation adjustment
 
5,931

 
—

 
5,931

 
—

 
(5,931
)
 
5,931

Unrealized income on cash flow hedging derivatives
 
(1,553
)
 
(66
)
 
—

 
—

 
66

 
(1,553
)
Other comprehensive income, (net of tax)
 
4,378

 
(66
)
 
5,931

 
—

 
(5,865
)
 
4,378

Total Comprehensive Income
 
$
108,593

 
$
277

 
$
(19,724
)
 
$
82,411

 
$
(62,964
)
 
$
108,593



CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the Year Ended December 31, 2013
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
152,469

 
$
296,077

 
$
127,692

 
$
1,006,469

 
$
(448,135
)
 
$
1,134,572

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Cost of food, merchandise and games revenues
 
—

 
—

 
9,322

 
82,450

 
—

 
91,772

Operating expenses
 
6,003

 
183,604

 
47,770

 
683,102

 
(448,135
)
 
472,344

Selling, general and administrative
 
5,717

 
100,825

 
10,984

 
34,886

 
—

 
152,412

Depreciation and amortization
 
36,807

 
37

 
17,333

 
68,310

 
—

 
122,487

Loss on impairment / retirement of fixed assets, net
 
424

 
—

 
479

 
1,636

 
—

 
2,539

Gain on sale of other assets
 
—

 
—

 
—

 
(8,743
)
 
—

 
(8,743
)
 
 
48,951

 
284,466

 
85,888

 
861,641

 
(448,135
)
 
832,811

Operating income
 
103,518

 
11,611

 
41,804

 
144,828

 
—

 
301,761

Interest expense, net
 
42,630

 
28,875

 
39,376

 
(7,964
)
 
—

 
102,917

Net effect of swaps
 
4,190

 
2,693

 
—

 
—

 
—

 
6,883

Loss on early debt extinguishment
 
21,175

 
12,781

 
617

 
—

 
—

 
34,573

Unrealized / realized foreign currency gain
 
—

 
—

 
28,941

 
—

 
—

 
28,941

Other (income) expense
 
750

 
(11,257
)
 
3,679

 
6,828

 
—

 
—

(Income) loss from investment in affiliates
 
(83,557
)
 
(37,520
)
 
(17,438
)
 
2,477

 
136,038

 
—

Income (loss) before taxes
 
118,330


16,039


(13,371
)

143,487


(136,038
)

128,447

Provision (benefit) for taxes
 
10,126

 
(12,133
)
 
(10,856
)
 
33,106

 
—

 
20,243

Net income (loss)
 
$
108,204

 
$
28,172

 
$
(2,515
)
 
$
110,381

 
$
(136,038
)
 
$
108,204

Other comprehensive income, (net of tax):
 
 
 
 
 
 
 
 
 
 
 
 
Cumulative foreign currency translation adjustment
 
2,756

 
—

 
2,756

 
—

 
(2,756
)
 
2,756

Unrealized income on cash flow hedging derivatives
 
10,736

 
2,848

 
—

 
—

 
(2,848
)
 
10,736

Other comprehensive income, (net of tax)
 
13,492

 
2,848

 
2,756

 
—

 
(5,604
)
 
13,492

Total Comprehensive Income
 
$
121,696

 
$
31,020

 
$
241

 
$
110,381

 
$
(141,642
)
 
$
121,696






















CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
For the Year Ended December 31, 2012
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
145,715

 
$
258,136

 
$
140,418

 
$
927,668

 
$
(403,483
)
 
$
1,068,454

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Cost of food, merchandise and games revenues
 
—

 
—

 
10,316

 
84,732

 
—

 
95,048

Operating expenses
 
5,380

 
176,356

 
47,863

 
625,287

 
(403,483
)
 
451,403

Selling, general and administrative
 
6,495

 
86,615

 
11,135

 
34,066

 
—

 
138,311

Depreciation and amortization
 
37,660

 
40

 
18,199

 
70,407

 
—

 
126,306

Loss on impairment / retirement of fixed assets, net
 
25,997

 
—

 
6

 
4,333

 
—

 
30,336

Gain on sale of other assets
 
(862
)
 
—

 
—

 
(5,763
)
 
—

 
(6,625
)
 
 
74,670

 
263,011

 
87,519

 
813,062

 
(403,483
)
 
834,779

Operating income (loss)
 
71,045

 
(4,875
)
 
52,899

 
114,606

 
—

 
233,675

Interest expense, net
 
48,524

 
29,328

 
40,870

 
(8,171
)
 
—

 
110,551

Net effect of swaps
 
(138
)
 
121

 
(1,475
)
 
—

 
—

 
(1,492
)
Unrealized / realized foreign currency gain
 
—

 
—

 
(8,998
)
 
—

 
—

 
(8,998
)
Other (income) expense
 
749

 
(9,507
)
 
2,020

 
6,738

 
—

 
—

(Income) loss from investment in affiliates
 
(90,022
)
 
(66,150
)
 
(14,597
)
 
(31,759
)
 
202,528

 
—

Income (loss) before taxes
 
111,932

 
41,333

 
35,079

 
147,798

 
(202,528
)
 
133,614

Provision (benefit) for taxes
 
10,075

 
(9,856
)
 
3,413

 
28,125

 
—

 
31,757

Net income (loss)
 
$
101,857

 
$
51,189

 
$
31,666

 
$
119,673

 
$
(202,528
)
 
$
101,857

Other comprehensive income (loss), (net of tax):
 
 
 
 
 
 
 
 
 
 
 
 
Cumulative foreign currency translation adjustment
 
369

 
—

 
369

 
—

 
(369
)
 
369

Unrealized income (loss) on cash flow hedging derivatives
 
139

 
114

 
21

 
—

 
(135
)
 
139

Other comprehensive income (loss), (net of tax)
 
508

 
114

 
390

 
—

 
(504
)
 
508

Total Comprehensive Income
 
$
102,365

 
$
51,303

 
$
32,056

 
$
119,673

 
$
(203,032
)
 
$
102,365
Condensed Consolidating Statement of Cash Flows
CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2014
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
NET CASH FROM (FOR) OPERATING ACTIVITIES
 
$
138,669

 
$
12,384

 
$
9,772

 
$
180,251

 
$
(3,973
)
 
$
337,103

CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany receivables (payments) receipts
 
—

 
13,794

 
—

 
(79,456
)
 
65,662

 
—

Sale of other assets
 
—

 
—

 
—

 
1,377

 
—

 
1,377

(Purchase) sale of subsidiary interest
 
(12,024
)
 
12,024

 
—

 
—

 
—

 
—

Capital expenditures
 
(64,837
)
 
(270
)
 
(16,072
)
 
(85,540
)
 
—

 
(166,719
)
Net cash for investing activities
 
(76,861
)
 
25,548

 
(16,072
)
 
(163,619
)
 
65,662

 
(165,342
)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Note borrowings
 
—

 
—

 
450,000

 
—

 
—

 
450,000

Term debt payments, including early termination penalties
 
(5,698
)
 
(4,072
)
 
(230
)
 
—

 
—

 
(10,000
)
Note payments, including amounts paid for early termination
 
—

 
—

 
(426,148
)
 
—

 
—

 
(426,148
)
Intercompany payables (payments) receipts
 
110,763

 
(37,762
)
 
5,159

 
(14,030
)
 
(64,130
)
 
—

Distributions (paid) received
 
(161,873
)
 
—

 
—

 
—

 
2,441

 
(159,432
)
Payment of debt issuance costs
 
—

 
—

 
(9,795
)
 
—

 
—

 
(9,795
)
Excess tax benefit from unit-based compensation expense
 
—

 
140

 
—

 
—

 
—

 
140

Net cash (for) financing activities
 
(56,808
)
 
(41,694
)
 
18,986

 
(14,030
)
 
(61,689
)
 
(155,235
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
—

 
—

 
(2,742
)
 
—

 
—

 
(2,742
)
CASH AND CASH EQUIVALENTS
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) for the year
 
5,000

 
(3,762
)
 
9,944

 
2,602

 
—

 
13,784

Balance, beginning of year
 
75,000

 
4,144

 
35,575

 
3,337

 
—

 
118,056

Balance, end of year
 
$
80,000

 
$
382

 
$
45,519

 
$
5,939

 
$
—

 
$
131,840

 
 
 
 
 
 
 
 
 
 
 
 
 
CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
NET CASH FROM (FOR) OPERATING ACTIVITIES
 
$
162,450

 
$
22,696

 
$
13,963

 
$
138,521

 
$
(13,173
)
 
$
324,457

CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany receivables (payments) receipts
 
—

 
44,023

 


 
(55,136
)
 
11,113

 
—

Sale of other assets
 
—

 
—

 
—

 
15,297

 
—

 
15,297

Capital expenditures
 
(56,254
)
 
—

 
(9,723
)
 
(54,471
)
 
—

 
(120,448
)
Net cash from (for) investing activities
 
(56,254
)
 
44,023

 
(9,723
)
 
(94,310
)
 
11,113

 
(105,151
)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Term debt borrowings
 
359,022

 
256,500

 
14,478

 
—

 
—

 
630,000

Note borrowings
 
294,897

 
205,103

 
—

 
—

 
—

 
500,000

Intercompany payables (payments) receipts
 
112,553

 
(54,236
)
 
(3,117
)
 
(44,087
)
 
(11,113
)
 
—

Term debt payments, including early termination penalties
 
(661,180
)
 
(466,336
)
 
(14,734
)
 
—

 
—

 
(1,142,250
)
Distributions (paid) received
 
(146,953
)
 
3,496

 
(13,173
)
 
—

 
13,173

 
(143,457
)
Payment of debt issuance costs
 
(14,535
)
 
(8,453
)
 
(544
)
 
—

 
—

 
(23,532
)
Exercise of limited partnership unit options
 
—

 
52

 
—

 
—

 
—

 
52

Excess tax benefit from unit-based compensation expense
 
—

 
855

 
—

 
—

 
—

 
855

Net cash from (for) financing activities
 
(56,196
)
 
(63,019
)
 
(17,090
)
 
(44,087
)
 
2,060

 
(178,332
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
—

 
—

 
(1,748
)
 
—

 
—

 
(1,748
)
CASH AND CASH EQUIVALENTS
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) for the year
 
50,000

 
3,700

 
(14,598
)
 
124

 
—

 
39,226

Balance, beginning of year
 
25,000

 
444

 
50,173

 
3,213

 
—

 
78,830

Balance, end of year
 
$
75,000

 
$
4,144

 
$
35,575

 
$
3,337

 
$
—

 
$
118,056

CEDAR FAIR, L.P.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2012
(In thousands)
 
 
Cedar Fair L.P. (Parent)
 
Co-Issuer Subsidiary (Magnum)
 
Co-Issuer Subsidiary (Cedar Canada)
 
Guarantor Subsidiaries
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
NET CASH FROM (FOR) OPERATING ACTIVITIES
 
$
189,572

 
$
(75,974
)
 
$
39,928

 
$
132,407

 
$
—

 
$
285,933

CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany receivables payments
 
—

 
(57,817
)
 
—

 
(63,524
)
 
121,341

 
—

Intercompany debt receipts
 
—

 
93,845

 
—

 
—

 
(93,845
)
 
—

Capital contribution
 
—

 
(60,000
)
 
—

 
—

 
60,000

 
—

Sale of other assets
 
1,173

 
—

 
—

 
14,885

 
—

 
16,058

Capital expenditures
 
(33,664
)
 
(8
)
 
(14,551
)
 
(48,009
)
 
—

 
(96,232
)
Net cash from (for) investing activities
 
(32,491
)
 
(23,980
)
 
(14,551
)
 
(96,648
)
 
87,496

 
(80,174
)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Derivative settlement
 
—

 
—

 
(50,450
)
 
—

 
—

 
(50,450
)
Term debt borrowings
 
—

 
—

 
—

 
—

 
—

 
—

Intercompany payable (payments) receipts
 
(28,674
)
 
108,688

 
(16,500
)
 
57,827

 
(121,341
)
 
—

Intercompany debt payments
 
—

 
—

 
—

 
(93,845
)
 
93,845

 
—

Term debt payments, including early termination penalties
 
(14,468
)
 
(10,212
)
 
(320
)
 
—

 
—

 
(25,000
)
Distributions (paid) received
 
(88,939
)
 
126

 
—

 
—

 
—

 
(88,813
)
Capital infusion
 
—

 
—

 
60,000

 
—

 
(60,000
)
 
—

Exercise of limited partnership unit options
 
—

 
76

 
—

 
—

 
—

 
76

Excess tax benefit from unit-based compensation expense
 
—

 
1,208

 
—

 
—

 
—

 
1,208

Net cash from (for) financing activities
 
(132,081
)
 
99,886

 
(7,270
)
 
(36,018
)
 
(87,496
)
 
(162,979
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
—

 
—

 
526

 
—

 
—

 
526

CASH AND CASH EQUIVALENTS
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) for the year
 
25,000

 
(68
)
 
18,633

 
(259
)
 
—

 
43,306

Balance, beginning of year
 
—

 
512

 
31,540

 
3,472

 
—

 
35,524

Balance, end of year
 
$
25,000

 
$
444

 
$
50,173

 
$
3,213

 
$
—

 
$
78,830

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/26/15
For Period end:12/31/144,  5,  ARS
12/31/1310-K,  5,  ARS
12/31/1210-K,  10-K/A,  5,  ARS
 List all Filings 

7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/16/24  Cedar Fair LP                     10-K       12/31/23   83:8.3M
 2/17/23  Cedar Fair LP                     10-K       12/31/22   80:9.1M
 2/18/22  Cedar Fair LP                     10-K       12/31/21   83:10M
 5/27/21  Cedar Fair LP                     S-45/27/21   20:2M                                     Donnelley … Solutions/FA
 2/19/21  Cedar Fair LP                     10-K       12/31/20   83:9.4M
 4/23/15  SEC                               UPLOAD9/25/17    1:36K  Cedar Fair LP
 4/06/15  SEC                               UPLOAD9/25/17    1:161K Cedar Fair LP
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