Cedar Fair, L.P. (FUN) Financial Statements (2024 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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101,18961,119376,736182,252105,349166,245
Cash and cash equivalents101,18961,119376,736182,252105,349166,245
Receivables70,926146,160103,54963,10651,51837,722
Inventory, net of allowances, customer advances and progress billings45,29732,11347,47932,90230,75329,719
Inventory45,29732,11347,47932,90230,75329,719
Prepaid expense12,570     
Other current assets13,77724,24926,74715,92112,58913,297
Total current assets:243,759263,641554,511294,181200,209246,983
Noncurrent Assets
Operating lease, right-of-use asset92,96616,29413,52714,324
Property, plant and equipment1,582,3591,710,7431,801,9811,841,6081,599,4381,585,772
Intangible assets, net (including goodwill)312,156317,226317,249419,553215,095221,894
Goodwill263,206267,232266,961359,654178,719183,830
Intangible assets, net (excluding goodwill)48,95049,99450,28859,89936,37638,064
Other noncurrent assets4,6575,1166,14411,4799,4419,510
Total noncurrent assets:1,992,1382,049,3792,138,9012,286,9641,823,9741,817,176
TOTAL ASSETS:2,235,8972,313,0202,693,4122,581,1452,024,1832,064,159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities206,495169,34294,305140,59697,999114,256
Interest and dividends payable32,01133,71821,4427,9278,124
Taxes payable9,07510,77539,23729,59143,975
Employee-related liabilities53,83324,97529,54918,78618,740
Accounts payable54,98353,91214,27229,34423,31424,621
Accrued liabilities151,51220,51110,56521,02418,38118,796
Deferred revenue162,711187,599183,354151,377
Debt    9,6715,625 
Derivative instruments and hedges, liabilities    5,100  
Deferred revenue and credits86,131
Contract with customer, liability107,074
Other undisclosed current liabilities27,76624,57322,32217,39424,02125,107
Total current liabilities:396,972381,514299,981324,138234,719225,494
Noncurrent Liabilities
Long-term debt and lease obligation2,268,1552,532,2812,964,7272,156,4831,657,5681,660,515
Long-term debt, excluding current maturities2,268,1552,518,9362,954,2442,145,8831,657,5681,660,515
Liabilities, other than long-term debt162,37297,71395,141110,49017,76320,406
Deferred income tax liabilities69,41266,48339,59582,046
Other liabilities11,20311,14416,46010,33611,05811,684
Operating lease, liability81,75713,34510,48310,600
Derivative instruments and hedges, liabilities  20,08639,08618,1086,7058,722
Other undisclosed noncurrent liabilities      161,677
Total noncurrent liabilities:2,430,5272,629,9943,059,8682,266,9731,675,3311,842,598
Total liabilities:2,827,4993,011,5083,359,8492,591,1111,910,0502,068,092
Equity
Equity, attributable to parent15,6098,9432,5999,74621,282(3,933)
Accumulated other comprehensive income (loss)15,6098,9432,5999,74621,282(3,933)
Total equity:15,6098,9432,5999,74621,282(3,933)
Other undisclosed liabilities and equity(607,211)(707,431)(669,036)(19,712)92,851 
TOTAL LIABILITIES AND EQUITY:2,235,8972,313,0202,693,4122,581,1452,024,1832,064,159

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,817,3831,338,219181,5551,474,9251,348,5301,321,967
Revenue, net1,321,967
Cost of revenue(327,845)(271,755)(297,663)(301,034)(280,328)(274,884)
Cost of goods and services sold      
Gross profit:1,489,5381,066,464(116,108)1,173,8911,068,2021,047,083
Operating expenses(969,596)(918,129)(455,900)(864,452)(777,683)(751,872)
Operating income (loss):519,942148,335(572,008)309,439290,519295,211
Nonoperating income (expense)5,46513,123(3,219)6,079(42,363)30,101
Investment income, nonoperating 25,64119,000(15,849)(16,532)(7,442)45
Gain (loss), foreign currency transaction, before tax(23,784)(6,177)12,18321,107(36,254)29,086
Other nonoperating income3,6083004471,5041,333970
Interest and debt expense(153,750)(189,941)(152,931)(100,364)(86,760)(108,724)
Income (loss) from continuing operations before income taxes:371,657(28,483)(728,158)215,154161,396216,588
Income tax expense (benefit)(63,989)(20,035)137,915(42,789)(34,743)(1,112)
Income (loss) from continuing operations:307,668(48,518)(590,243)172,365126,653215,476
Income (loss) before gain (loss) on sale of properties:(48,518)(590,243)172,365126,653215,476
Net income (loss) available to common stockholders, diluted:307,668(48,518)(590,243)172,365126,653215,476

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):307,668(48,518)(590,243)172,365126,653215,476
Other comprehensive income (loss)(2,082)6,344(7,147)(11,536)25,606(6,874)
Comprehensive income (loss):305,586(42,174)(597,390)160,829152,259208,602
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8,748     
Comprehensive income (loss), net of tax, attributable to parent:314,334(42,174)(597,390)160,829152,259208,602

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.

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