Cedar Fair, L.P. (FUN) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
ONE CEDAR POINT DRIVE SANDUSKY, OH 44870 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 61 | 377 | 182 | 105 | 166 | 123 | 120 | ||
| Cash and cash equivalents | 61 | 377 | 182 | 105 | 166 | 123 | 120 | ||
| Receivables | 146 | 104 | 63 | 52 | 38 | 35 | 29 | ||
| Inventory, net of allowances, customer advances and progress billings | 32 | 47 | 33 | 31 | 30 | 26 | 25 | ||
| Inventory | 32 | 47 | 33 | 31 | 30 | 26 | 25 | ||
| Deferred tax assets | ✕ | ✕ | ✕ | 12 | |||||
| Other current assets | 24 | 27 | 16 | 13 | 13 | 11 | 10 | ||
| Total current assets: | 264 | 555 | 294 | 200 | 247 | 196 | 196 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 16 | 14 | 14 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,711 | 1,802 | 1,842 | 1,599 | 1,586 | 1,539 | 1,515 | ||
| Intangible assets, net (including goodwill) | 317 | 317 | 420 | 215 | 222 | 217 | 247 | ||
| Goodwill | 267 | 267 | 360 | 179 | 184 | 180 | 211 | ||
| Intangible assets, net (excluding goodwill) | 50 | 50 | 60 | 36 | 38 | 38 | 36 | ||
| Other noncurrent assets | 5 | 6 | 11 | 9 | 10 | 21 | 37 | ||
| Total noncurrent assets: | 2,049 | 2,139 | 2,287 | 1,824 | 1,817 | 1,778 | 1,799 | ||
| TOTAL ASSETS: | 2,313 | 2,693 | 2,581 | 2,024 | 2,064 | 1,973 | 1,995 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 169 | 94 | 141 | 98 | 114 | 130 | 103 | ||
| Accounts payable | 54 | 14 | 29 | 23 | 25 | 21 | 17 | ||
| Accrued liabilities | 21 | 11 | 21 | 18 | 19 | 10 | 7 | ||
| Employee-related liabilities | 54 | 25 | 30 | 19 | 19 | 30 | 27 | ||
| Taxes payable | 9 | 11 | 39 | 30 | 44 | 59 | 42 | ||
| Interest and dividends payable | 32 | 34 | 21 | 8 | 8 | 10 | 10 | ||
| Deferred revenue | 188 | 183 | 151 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 10 | 6 | 3 | 2 | |||||
| Derivative instruments and hedges, liabilities | 5 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 86 | 83 | 70 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 107 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 25 | 22 | 17 | 24 | 25 | 27 | 24 | ||
| Total current liabilities: | 382 | 300 | 324 | 235 | 225 | 243 | 199 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,532 | 2,965 | 2,156 | 1,658 | 1,661 | 1,534 | 1,556 | ||
| Long-term debt, excluding current maturities | 2,519 | 2,954 | 2,146 | 1,658 | 1,661 | 1,534 | 1,556 | ||
| Operating lease, liability | 13 | 10 | 11 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 98 | 95 | 110 | 18 | 20 | 136 | 183 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 105 | 142 | ||||
| Deferred income tax liabilities | 66 | 40 | 82 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 11 | 16 | 10 | 11 | 12 | 13 | 18 | ||
| Derivative instruments and hedges, liabilities | 20 | 39 | 18 | 7 | 9 | 18 | 23 | ||
| Other undisclosed noncurrent liabilities | 162 | ||||||||
| Total noncurrent liabilities: | 2,630 | 3,060 | 2,267 | 1,675 | 1,843 | 1,670 | 1,739 | ||
| Total liabilities: | 3,012 | 3,360 | 2,591 | 1,910 | 2,068 | 1,913 | 1,938 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 9 | 3 | 10 | 21 | (4) | 3 | 3 | ||
| Accumulated other comprehensive income (loss) | 9 | 3 | 10 | 21 | (4) | 3 | 3 | ||
| Total stockholders' equity: | 9 | 3 | 10 | 21 | (4) | 3 | 3 | ||
| Other undisclosed liabilities and equity | (707) | (669) | (20) | 93 | 58 | 54 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,313 | 2,693 | 2,581 | 2,024 | 2,064 | 1,973 | 1,995 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,338 | 182 | 1,475 | 1,349 | 1,322 | 1,289 | 1,236 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,322 | 1,289 | 1,236 | |
| Cost of revenue | (272) | (298) | (301) | (280) | (275) | (251) | (251) | |
| Gross profit: | 1,066 | (116) | 1,174 | 1,068 | 1,047 | 1,038 | 984 | |
| Operating expenses | (918) | (456) | (864) | (778) | (752) | (721) | (689) | |
| Operating income (loss): | 148 | (572) | 309 | 291 | 295 | 317 | 295 | |
| Nonoperating income (expense) | 13 | (3) | 6 | (42) | 30 | 16 | (74) | |
| Investment income, nonoperating | 19 | (16) | (17) | (7) | 0 | 1 | 7 | |
| Foreign currency transaction gain (loss), before tax | (6) | 12 | 21 | (36) | 29 | 15 | (81) | |
| Other nonoperating income | 0 | 0 | 2 | 1 | 1 | 0 | 0 | |
| Interest and debt expense | (190) | (153) | (100) | (87) | (109) | (84) | (87) | |
| Income (loss) from continuing operations before income taxes: | (28) | (728) | 215 | 161 | 217 | 249 | 134 | |
| Income tax expense (benefit) | (20) | 138 | (43) | (35) | (1) | (71) | (22) | |
| Net income (loss) available to common stockholders, diluted: | (49) | (590) | 172 | 127 | 215 | 178 | 112 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (49) | (590) | 172 | 127 | 215 | 178 | 112 | |
| Other comprehensive income (loss) | 6 | (7) | (12) | 26 | (7) | (0) | 14 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (42) | (597) | 161 | 152 | 209 | 177 | 126 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.