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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49,17933,562101,189288,380124,92949,963
Cash and cash equivalents49,17933,562101,189288,380124,92949,963
Receivables99,98555,77770,92677,851103,975138,666
Inventory, net of allowances, customer advances and progress billings65,85256,79045,29749,66956,60839,269
Inventory65,85256,79045,29749,66956,60839,269
Prepaid expense20,9199,92712,570   
Other current assets26,64428,10713,77723,04840,26836,666
Other undisclosed current assets     150,595 
Total current assets:262,579184,163243,759438,948476,375264,564
Noncurrent Assets
Operating lease, right-of-use asset87,70889,68192,96696,80917,81816,176
Property, plant and equipment1,648,7461,620,8451,582,3591,561,6911,599,9381,745,832
Intangible assets, net (including goodwill)313,950310,980312,156312,073315,690318,302
Goodwill264,744262,273263,206263,094265,988268,117
Intangible assets, net (excluding goodwill)49,20648,70748,95048,97949,70250,185
Other noncurrent assets3,4354,0724,6574,9357,1765,426
Total noncurrent assets:2,053,8392,025,5781,992,1381,975,5081,940,6222,085,736
TOTAL ASSETS:2,316,4182,209,7412,235,8972,414,4562,416,9972,350,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities194,736185,602206,495428,114266,268158,607
Interest and dividends payable49,31631,37451,133
Taxes payable58,71017,7349,084
Employee-related liabilities56,68230,35824,242
Accounts payable79,33966,19654,98363,27280,94857,838
Accrued liabilities115,397119,406151,512200,134105,85416,310
Deferred revenue273,737198,532162,711170,905297,930224,215
Other undisclosed current liabilities27,70827,38427,766(137,587)(54,804)24,268
Total current liabilities:496,181411,518396,972461,432509,394407,090
Noncurrent Liabilities
Long-term debt and lease obligation2,427,5862,438,2752,268,1552,350,2392,560,5822,660,365
Long-term debt, excluding current maturities2,427,5862,438,2752,268,1552,265,4902,546,0342,647,076
Liabilities, other than long-term debt155,309153,188162,37273,57272,80370,426
Deferred income tax liabilities66,84262,67969,41255,54062,95653,609
Other liabilities10,78811,23611,20318,0329,84710,933
Operating lease, liability77,67979,27381,75784,74914,54813,289
Derivative instruments and hedges, liabilities      5,884
Total noncurrent liabilities:2,582,8952,591,4632,430,5272,423,8112,633,3852,730,791
Total liabilities:3,079,0763,002,9812,827,4992,885,2433,142,7793,137,881
Equity
Equity, attributable to parent14,43716,73215,60916,45314,61511,796
Accumulated other comprehensive income14,43716,73215,60916,45314,61511,796
Total equity:14,43716,73215,60916,45314,61511,796
Other undisclosed liabilities and equity(777,095)(809,972)(607,211)(487,240)(740,397)(799,377)
TOTAL LIABILITIES AND EQUITY:2,316,4182,209,7412,235,8972,414,4562,416,9972,350,300

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues500,98284,554365,994843,063509,49198,835
Cost of revenue(103,851)(27,698)(61,967)(144,509)(99,398)(21,971)
Cost of goods and services sold(48,632)(10,381) (73,072)(49,162)(10,824)
Gross profit:397,13156,856304,027698,554410,09376,864
Operating expenses(303,458)(179,805)(254,588)(256,350)(298,022)(160,636)
Operating income (loss):93,673(122,949)49,439442,204112,071(83,772)
Nonoperating income (expense)10,920(3,558)2,085(9,144)(1,712)14,236
Investment income, nonoperating    3,7007,73914,202
Gain (loss), foreign currency transaction, before tax10,683(3,999)452(14,376)(9,845)(15)
Other nonoperating income2374411,6331,53239449
Interest and debt expense(37,366)(32,129)(36,554)(38,859)(40,214)(38,123)
Income (loss) from continuing operations before income taxes:67,227(158,636)14,970394,20170,145(107,659)
Income tax expense (benefit)(13,663)24,090(2,615)(61,151)(19,373)19,150
Income (loss) from continuing operations:53,564(134,546)12,355333,05050,772(88,509)
Income (loss) before gain (loss) on sale of properties:333,05050,772(88,509)
Net income (loss) available to common stockholders, diluted:53,564(134,546)12,355333,05050,772(88,509)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):53,564(134,546)12,355333,05050,772(88,509)
Other comprehensive income (loss)  (656)84(1,609)2,8192,853
Comprehensive income (loss):53,564(135,202)12,439331,44153,591(85,656)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,295)1,779(928)3,447  
Comprehensive income (loss), net of tax, attributable to parent:51,269(133,423)11,511334,88853,591(85,656)

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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