CEDAR FAIR, L.P. FUN Income Statement

Cedar fair, l.p. (FUN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'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	Sep'09	Jun'09
Net revenues:
Revenue
53,635	257,246	714,512	436,190	66,977	249,784	663,703	380,316	54,727	228,162	652,689	392,798	48,318	191,966	650,283	388,034	58,438	166,916	644,637	377,408	46,817	160,807	595,318	363,014	40,466	139,077	592,076	361,620	41,799	129,205	553,445	357,606	28,198	144,845	572,268	284,490	26,869	129,689	545,000	275,587	27,316	519,913	264,126
Costs and expenses:
Cost of food, merchandise, and games revenues
6,385	20,332	58,475	39,808	7,649	19,821	53,891	35,018	6,003	18,435	52,647	34,249	5,480	13,748	52,057	34,566	6,237	13,959	52,174	33,106	5,588	12,321	46,812	31,090	4,985	9,839	45,843	31,053	5,037	11,122	47,353	32,486	4,087	12,076	48,758	27,111	4,112	10,797	45,591	26,350	3,881	45,617	24,906
Operating expenses
106,368	138,599	227,625	177,771	98,205	121,600	206,505	167,417	88,828	110,723	202,710	160,380	84,289	97,460	199,292	157,525	84,604	93,606	188,565	157,325	78,130	89,888	178,649	147,192	80,350	84,009	170,394	141,284	76,657	70,571	163,311	146,236	71,285	79,293	161,452	124,978	65,128	75,397	152,314	120,939	62,752	156,596	118,042
Selling, general and administrative
24,809	47,725	83,080	59,781	31,666	43,496	67,114	54,041	28,682	42,628	71,663	51,860	27,619	39,748	65,099	51,371	25,612	38,213	61,394	46,065	25,818	31,638	57,205	46,617	21,404	26,879	58,727	45,767	21,039	22,823	52,993	44,511	17,984	30,300	51,978	37,233	20,915	23,066	48,443	45,141	17,351	53,233	37,524
Depreciation and amortization
5,088	32,628	68,335	55,904	13,589	23,415	74,374	52,219	5,521	26,985	70,060	50,812	5,365	13,701	64,685	48,299	5,191	15,456	59,059	47,105	4,011	14,761	58,244	46,974	4,307	14,174	57,495	46,032	4,786	14,095	60,223	47,909	4,079	15,214	63,448	43,385	3,790	17,232	63,746	43,989	3,889	66,413	42,977
Loss on impairment / retirement of fixed assets, net
-6,767	-1,150	-1,675	-682	-1,424	-2,219	-3,247	-3,372	-1,340	-9,671	-1,347	-184	-1,526	-7,205	-1,355	-1,415	-2,612	-11,437	-5,753	-780	-2,903	-7,070	-1,475	-215	-997	-273	-1,637	-29	-600	-6,106	-25,000	862	-92	-10,671	-880	0	196	-63,071	319	0	0	188	-
Loss on impairment of goodwill and other intangibles
88,181	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	903	0	1,390	0	0	-
Gain on sale of investment
0	0	0	0	617	112	0	0	0	-	1,877	-	-	-	0	-	-	-	-	-	-	0	0	921	0	0	8,743	0	0	6,625	0	0	0	-	-	-	-	-	-	0	0	23,098	-
Total costs and expenses
237,598	240,434	439,190	333,946	151,916	210,439	405,131	312,067	130,374	208,442	396,550	297,485	124,279	171,862	382,488	293,176	124,256	172,671	366,945	284,381	116,450	155,678	342,385	271,167	112,043	135,174	325,353	264,165	108,119	118,092	348,880	270,280	97,527	147,162	326,516	232,707	94,141	189,828	310,413	237,809	87,873	298,949	223,449
Operating loss
-183,963	16,812	275,322	102,244	-84,939	39,345	258,572	68,249	-75,647	19,720	256,139	95,313	-75,961	20,104	267,795	94,858	-65,818	-5,755	277,692	93,027	-69,633	5,129	252,933	91,847	-71,577	3,903	266,723	97,455	-66,320	11,113	204,565	87,326	-69,329	-2,317	245,752	51,783	-67,272	-60,139	234,587	37,778	-60,557	220,964	40,677
Interest expense
27,219	28,550	27,967	22,927	20,920	23,124	21,464	21,337	19,762	23,131	21,638	21,920	18,914	21,994	20,957	21,125	19,787	22,685	22,159	21,473	20,532	22,185	21,462	27,907	24,732	25,918	25,529	25,861	25,763	26,717	26,863	30,236	26,803	32,535	41,353	42,185	41,112	46,399	41,487	32,785	29,614	31,183	30,909
Net effect of swaps
-19,779	4,536	-3,910	-10,779	-6,379	-13,193	1,217	906	3,628	3,762	952	-4,368	-301	10,099	-1,650	-5,410	-1,842	3,929	1,439	1,400	116	1,031	1,087	315	-371	1,432	-1,377	2,273	-9,211	174	175	173	970	9,612	3,962	1,432	-1,887	-5,279	-3,306	-2,034	-7,575	-3,084	-
Loss on early debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	234	-246	29,273	0	0	0	0	34,573	0	0	0	0	-	-	0	0	0	35,289	0	0	0	-
Loss (gain) on foreign currency
-34,202	8,574	-5,608	9,472	8,669	-24,230	13,054	-14,984	-10,094	-5,961	29,193	3,183	2,671	-9,019	-7,341	11,455	19,561	-16,818	-33,891	7,911	-38,218	-18,276	-21,515	16,102	-17,184	-13,712	8,615	-14,886	-8,958	-4,928	15,035	-9,301	8,192	4,795	-18,549	-3,043	6,888	12,381	8,178	-19	23	-700	-
Other income
179	696	933	-36	-89	147	698	139	349	506	416	16	32	-	58	-	-	-	-	-	-	31	16	6	73	28	17	69	40	37	13	2	16	37	250	-177	-908	74	1,042	3	35	-808	177
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	18	-	4	5	40	-	16	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before taxes
-264,984	2,068	238,770	77,974	-103,658	-21,055	252,077	32,973	-102,599	-5,110	265,062	49,109	-92,473	-717	237,905	79,786	-67,868	-41,321	223,085	80,877	-128,227	-34,504	211,305	51,090	-113,791	-34,267	248,449	59,050	-144,785	-20,321	192,925	47,964	-86,954	-20,408	190,062	7,810	-104,291	-99,362	163,725	2,943	-97,688	185,189	9,945
Benefit for taxes
-49,007	-717	48,815	14,676	-19,985	1,442	38,770	13,730	-19,199	-62,657	73,747	17,741	-27,719	6,079	62,918	21,803	-19,382	-15,642	58,934	23,294	-44,394	-16,455	49,403	7,188	-30,251	-13,783	58,025	11,660	-35,659	-9,997	51,912	11,381	-21,539	-13,896	37,844	3,528	-19,599	-34,710	87,977	7,158	-57,755	77,575	2,557
Net loss
-215,977	2,785	189,955	63,298	-83,673	-22,497	213,307	19,243	-83,400	57,547	191,315	31,368	-64,754	-6,796	174,987	57,983	-48,486	-25,679	164,151	57,583	-83,833	-18,049	161,902	43,902	-83,540	-20,484	190,424	47,390	-109,126	-10,324	141,013	36,583	-65,415	-6,512	152,218	4,282	-84,692	-64,652	75,748	-4,215	-39,933	107,614	7,388
Net loss allocated to general partner
2	0	-2	-1	1	1	-3	0	1	1	-1	-1	-1	0	-2	0	0	-3	2	1	1	1	-2	-1	1	0	-2	0	1	0	-1	-1	1	0	-2	0	1	0	0	0	0	-2	-
Net loss allocated to limited partners
-215,975	2,785	189,953	63,297	-83,672	-22,496	213,304	19,243	-83,399	57,546	191,314	31,367	-64,753	-6,796	174,985	57,983	-48,486	-25,678	164,149	57,582	-83,832	-18,048	161,900	43,901	-83,539	-20,484	190,422	47,390	-109,125	-10,324	141,012	36,582	-65,414	-6,512	152,216	4,282	-84,691	-64,652	75,748	-4,215	-39,933	107,612	7,388
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment
15,905	-6,408	2,554	-4,632	-3,050	11,250	-5,276	6,662	4,604	-1,764	-11,143	-1,282	-660	1,747	1,397	-2,449	-4,395	3,511	7,688	-1,758	7,214	3,652	2,975	-2,317	1,621	1,562	-699	1,592	301	1,620	-563	481	-1,169	-1,421	2,842	798	-1,286	-	-	-	-	-	-
Cash flow hedging derivative activity
-	-	0	0	-	2,116	2,116	2,116	2,018	1,994	1,994	1,993	1,994	1,994	1,994	1,993	-2,631	842	-2,978	1,841	-2,439	-1,388	2,726	-2,241	-650	2,933	-2,761	1,679	8,885	2,404	-234	-2,370	339	1,401	-3,224	-6,474	12,064	-	-	-	-	-	-
Other comprehensive income (loss), (net of tax)
15,905	-6,408	2,554	-4,632	-3,050	13,366	-3,160	8,778	6,622	230	-9,149	711	1,334	3,741	3,391	-456	-7,026	4,353	4,710	83	4,775	2,264	5,701	-4,558	971	4,495	-3,460	3,271	9,186	4,024	-797	-1,889	-830	-20	-382	-5,676	10,778	-	-	-	-	-	-
Total comprehensive loss
-200,072	-3,623	192,509	58,666	-86,723	-9,131	210,147	28,021	-76,778	57,777	182,166	32,079	-63,420	-3,055	178,378	57,527	-55,512	-21,326	168,861	57,666	-79,058	-15,785	167,603	39,344	-82,569	-15,989	186,964	50,661	-99,940	-6,300	140,216	34,694	-66,245	-6,532	151,836	-1,394	-73,914	-	-	-	-	-	-
Basic loss per limited partner unit:
Weighted average limited partner units outstanding (in shares)
56,414	56,093	56,519	56,474	56,310	56,236	56,231	56,231	56,150	56,082	56,078	56,076	56,008	55,967	55,948	55,940	55,877	55,656	55,770	55,734	55,820	55,834	55,439	55,419	55,500	55,081	55,485	55,484	55,854	55,602	55,611	55,481	55,378	55,345	55,346	55,346	55,343	55,390	55,328	55,324	55,222	55,208	55,195
Net income (loss) per limited partner unit (in dollars per share)
-3.83	0.07	3.36	1.12	-1.49	-0.39	3.79	0.34	-1.49	1.03	3.41	0.56	-1.16	-0.12	3.13	1.04	-0.87	-0.46	2.94	1.03	-1.50	-0.32	2.92	0.79	-1.51	-0.38	3.43	0.85	-1.95	-	-	-	-	-	-	-	-	-	1.37	-0.08	-0.72	1.95	0.13
Diluted loss per limited partner unit:
Weighted average limited partner units outstanding (in shares)
56,414	57,557	56,931	56,886	56,310	57,867	56,696	56,727	56,150	58,003	56,591	56,598	56,008	57,648	56,365	56,358	55,877	57,061	56,282	56,285	55,820	56,789	55,855	55,824	55,500	55,761	55,863	55,822	55,854	56,392	55,992	55,818	55,378	56,548	55,828	55,825	55,343	54,946	55,772	55,324	55,222	55,924	55,905
Net income (loss) per limited partner unit (in dollars per share)
-3.83	0.07	3.34	1.11	-1.49	-0.38	3.76	0.34	-1.49	1.02	3.38	0.55	-1.16	-0.12	3.10	1.03	-0.87	-0.45	2.92	1.02	-1.50	-0.32	2.90	0.79	-1.51	-0.37	3.41	0.85	-1.95	-	-	-	-	-	-	-	-	-	1.36	-0.08	-0.72	1.92	0.13
Admission [Member]
Revenues
26,649	149,556	382,776	229,722	33,217	147,585	358,923	204,447	26,721	135,337	361,279	214,881	22,563	111,242	361,949	214,338	28,660	95,985	361,106	207,568	22,783	95,329	340,101	206,958	19,067	84,793	339,655	202,536	20,023	78,926	319,607	201,866	11,670	90,887	333,924	160,619	10,612	80,371	320,920	156,507	10,964	307,011	150,540
Food, Merchandise and Gaming [Member]
Revenues
19,947	73,974	224,444	150,377	24,704	71,887	210,426	129,947	21,055	65,957	205,137	133,167	18,208	53,641	202,341	129,924	21,767	50,034	201,408	128,633	17,944	43,503	184,038	121,601	16,386	39,165	180,408	119,840	16,692	37,011	171,336	121,335	12,532	42,171	191,494	103,989	11,782	41,326	183,268	100,852	11,910	175,591	96,028
Accommodations, Extra-Charge Products and Other [Member]
Revenues
7,039	33,716	107,292	56,091	9,056	30,312	94,354	45,922	6,951	26,868	86,273	44,750	7,547	27,083	85,993	43,772	8,011	20,897	82,123	41,207	6,090	21,975	71,179	34,455	5,013	15,119	72,013	39,244	5,084	13,268	62,502	34,405	3,996	11,787	46,850	19,882	4,475	7,992	40,812	18,228	4,442	-37,311	-17,558