CEDAR FAIR, L.P. FUN Income Statement

Cedar fair, l.p. (FUN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Dec'08
Net revenues:
Revenue
1,474,925	1,348,530	1,321,967	1,288,721	1,235,778	1,159,605	1,137,875	1,134,633	1,133,239	1,134,572	1,124,700	1,086,069	1,082,055	1,068,454	1,084,094	1,102,917	1,029,801	1,028,472	1,013,316	986,048	977,145	977,592	953,473	928,386	916,925	916,075	929,779	950,188	996,232
Costs and expenses:
Cost of food, merchandise, and games revenues
126,264	114,733	110,811	106,608	104,827	95,208	92,726	91,757	91,720	91,772	93,055	94,565	95,998	95,048	96,002	97,407	92,032	92,057	90,778	87,611	86,850	86,619	86,387	86,413	84,969	84,940	83,910	86,142	90,626
Operating expenses
642,200	584,350	558,102	538,881	517,626	496,079	490,200	481,945	476,037	472,344	458,906	451,823	456,775	451,403	460,125	458,266	437,008	430,851	426,955	417,817	413,778	411,402	403,015	407,297	404,400	402,728	408,103	404,656	418,550
Selling, general and administrative
222,252	193,333	193,770	181,830	171,490	156,864	152,105	153,627	152,777	152,412	148,356	142,622	141,366	138,311	145,788	144,773	137,495	140,426	133,192	129,657	137,565	134,001	135,087	139,877	132,260	128,473	120,451	124,179	131,882
Depreciation and amortization
170,456	155,529	153,222	131,876	125,631	124,286	123,699	122,950	122,008	122,487	122,408	125,136	127,013	126,306	127,191	130,416	125,892	125,837	126,382	127,508	126,697	128,856	130,765	133,432	132,420	132,745	128,184	122,757	125,838
Loss on impairment / retirement of fixed assets, net
-4,931	-10,178	-12,728	-12,587	-20,873	-9,757	-2,960	-3,122	-2,936	-2,539	-8,372	-31,735	-30,844	-30,336	-34,509	-10,389	-11,251	-11,355	-63,509	-62,948	62,948	-62,752	345	214	214	244	-747	5,190	8,425
Loss on impairment of goodwill and other intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	903	903	2,293	2,293	5,890	5,890	-4,500	4,500	-86,988	-86,988	86,988
Gain on sale of investment
617	112	1,877	0	0	921	921	9,664	8,743	8,743	15,368	6,625	6,625	6,625	0	0	0	0	-	-	-	0	-	23,098	23,098	23,098	23,098	-	0
Total costs and expenses
1,165,486	1,058,011	1,026,756	971,782	940,447	881,273	860,769	843,737	836,735	832,811	815,729	839,256	845,371	834,779	863,615	841,251	803,678	800,526	841,719	826,444	830,131	825,923	761,489	750,025	735,665	730,532	803,791	829,912	862,309
Operating loss
309,439	290,519	295,211	316,939	295,331	278,332	277,106	290,896	296,504	301,761	308,971	246,813	236,684	233,675	220,479	261,666	226,123	227,946	171,597	159,604	147,014	151,669	191,984	178,361	181,260	185,543	125,988	120,276	133,923
Interest expense
100,364	85,687	85,603	83,863	86,849	96,286	100,019	104,086	102,040	103,071	103,870	105,204	109,579	110,619	116,437	130,927	142,876	157,185	171,049	171,183	161,783	150,285	137,598	127,294	125,418	124,706	121,643	122,309	129,561
Net effect of swaps
-16,532	-7,442	45	1,197	6,884	2,062	2,463	-1	1,957	-6,883	-8,141	-6,589	-8,689	1,492	10,930	14,717	15,976	13,119	-1,772	-9,040	-12,506	-18,194	-19,001	-18,779	-16,745	-9,170	-3,084	-	0
Loss on early debt extinguishment
-	-	-	-	-	29,261	29,027	29,273	0	34,573	34,573	34,573	34,573	0	0	0	0	0	-	35,289	35,289	35,289	35,289	0	0	0	0	-	0
Loss (gain) on foreign currency
21,107	-36,254	29,086	14,656	-81,016	-40,873	-36,309	-6,179	-37,167	-28,941	-20,157	-13,737	-8,152	8,998	18,721	-14,863	-8,605	-9,909	-2,323	24,404	27,428	20,563	8,139	-623	-458	-445	-493	-	-561
Other income
1,504	1,333	970	177	64	126	123	124	187	154	163	159	92	68	68	305	126	-798	-761	31	211	1,154	1,166	-800	-772	-815	-609	166	970
Loss before taxes
215,154	161,396	216,588	249,106	134,414	114,100	114,337	151,481	159,441	128,447	142,393	86,869	75,783	133,614	133,761	130,898	90,744	73,173	-4,308	-31,473	-34,925	-30,382	9,401	30,865	37,867	50,407	159	-1,867	4,771
Benefit for taxes
42,789	34,743	1,112	71,418	22,192	9,885	12,557	21,179	25,651	20,243	24,030	17,917	17,638	31,757	27,858	13,790	5,937	7,877	-12,424	37,418	41,401	2,670	4,093	-6,309	-10,910	14,978	-4,813	9,226	-935
Net loss
172,365	126,653	215,476	177,688	112,222	104,215	101,780	130,302	133,790	108,204	118,363	68,952	58,145	101,857	105,903	117,108	84,807	65,296	8,116	-68,891	-76,326	-33,052	5,308	37,174	48,777	35,429	4,972	-11,093	5,706
Net loss allocated to general partner
-2	-1	-2	-2	1	-1	-1	-2	-1	-1	-1	0	-1	-1	-1	-2	-1	-1	-1	1	1	0	-1	0	0	0	0	1	0
Net loss allocated to limited partners
172,363	126,652	215,474	177,686	112,221	104,214	101,779	130,300	133,789	108,203	118,362	68,952	58,144	101,856	105,902	117,106	84,806	65,295	8,115	-68,890	-76,325	-33,052	5,309	37,174	48,777	35,429	4,972	-11,092	5,706
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment
-11,536	17,240	-14,849	-3,700	16,655	5,931	3,841	167	4,076	2,756	2,814	2,950	1,839	369	-2,672	733	1,050	933	-1,704	-7,567	-8,818	-6,475	-	-	-	-	-	-	-
Cash flow hedging derivative activity
0	8,366	7,975	3,350	-2,734	-1,553	2,768	-2,719	1,201	10,736	9,740	12,735	8,685	139	-397	-3,854	-7,958	3,767	22,916	40,528	59,730	60,048	-	-	-	-	-	-	-
Other comprehensive income (loss), (net of tax)
-11,536	25,606	-6,874	-350	13,921	4,378	6,609	-2,552	5,277	13,492	12,554	15,685	10,524	508	-3,069	-3,121	-6,908	4,700	21,212	32,961	50,912	53,573	-	-	-	-	-	-	-
Total comprehensive loss
160,829	152,259	208,602	177,338	126,143	108,593	108,389	127,750	139,067	121,696	130,917	84,637	68,669	102,365	102,834	113,987	77,899	69,996	29,328	-35,930	-25,414	20,521	-	-	-	-	-	-	-
Basic loss per limited partner unit:
Weighted average limited partner units outstanding (in shares)
56,349	56,212	56,061	55,933	55,745	55,548	55,458	55,470	55,531	55,476	55,460	55,446	55,694	55,518	55,440	55,389	55,353	55,345	55,342	55,338	55,332	55,316	55,284	55,254	55,222	55,186	55,148	55,111	54,811
Net income (loss) per limited partner unit (in dollars per share)
3.06	2.25	3.84	3.18	2.01	1.88	1.84	2.35	2.41	1.95	2.13	1.24	1.04	1.83	-	-	-	-	-	-	-	-	0.10	0.67	0.88	0.64	0.09	-0.20	0.10
Diluted loss per limited partner unit:
Weighted average limited partner units outstanding (in shares)
56,921	56,860	56,800	56,562	56,362	55,992	55,864	55,867	55,910	55,825	55,804	55,791	56,056	55,895	55,887	55,844	55,847	55,886	55,886	55,338	55,332	55,316	55,837	55,841	55,778	55,906	55,804	55,111	55,446
Net income (loss) per limited partner unit (in dollars per share)
3.03	2.23	3.79	3.14	1.99	1.86	1.82	2.33	2.39	1.94	2.12	1.24	1.04	1.82	-	-	-	-	-	-	-	-	0.10	0.67	0.87	0.63	0.09	-0.20	0.10
Admission [Member]
Revenues
795,271	737,676	734,060	716,189	687,442	661,455	650,919	650,473	646,051	647,007	641,140	621,092	620,422	612,069	624,030	638,347	597,100	596,042	585,526	572,522	568,410	568,762	553,331	539,422	533,455	532,814	540,268	545,883	566,266
Food, Merchandise and Gaming [Member]
Revenues
473,499	433,315	422,469	407,673	398,019	365,528	361,190	357,560	355,799	356,105	353,951	344,879	346,374	342,214	347,374	367,532	350,186	349,436	348,591	340,365	337,228	337,356	329,344	321,667	316,843	316,386	319,647	333,546	355,917
Accommodations, Extra-Charge Products and Other [Member]
Revenues
206,155	177,539	165,438	164,859	150,317	132,622	125,766	126,600	131,389	131,460	129,609	120,098	115,259	114,171	112,690	97,038	82,515	82,994	79,199	73,161	71,507	71,474	70,798	67,297	66,627	66,875	-69,864	-70,759	74,049