CEDAR FAIR, L.P. FUN Income Statement

Cedar fair, l.p. (FUN)

Income statement / TTM

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
1,461,583	1,474,925	1,467,463	1,416,654	1,360,780	1,348,530	1,326,908	1,315,894	1,328,376	1,321,967	1,285,771	1,283,365	1,278,601	1,288,721	1,263,671	1,258,025	1,247,399	1,235,778	1,229,669	1,180,350	1,165,956	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	1,367,816	1,086,942	0	0	0
Costs and expenses:
Cost of food, merchandise, and games revenues
125,000	126,264	125,753	121,169	116,379	114,733	113,347	112,103	111,334	110,811	106,124	105,534	105,851	106,608	106,819	106,936	105,476	104,827	103,189	97,827	95,811	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	121,439	100,754	0	0	0
Operating expenses
650,363	642,200	625,201	604,081	593,727	584,350	573,473	569,678	562,641	558,102	544,839	541,421	538,566	538,881	535,027	524,300	524,100	517,626	513,908	503,992	493,859	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	492,601	458,329	0	0	0
Selling, general and administrative
215,395	222,252	218,023	202,057	196,317	193,333	192,465	197,014	194,833	193,770	190,890	184,326	183,837	181,830	180,295	176,590	171,284	171,490	164,915	160,726	161,278	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	164,168	153,249	0	0	0
Depreciation and amortization
161,955	170,456	161,243	167,282	163,597	155,529	159,099	154,785	153,378	153,222	139,938	134,563	132,050	131,876	133,631	128,005	126,811	125,631	124,936	124,121	123,990	124,286	123,699	122,950	122,008	122,487	122,408	125,136	127,013	126,306	127,425	130,650	126,126	125,837	127,855	128,153	128,757	128,856	178,037	157,268	0	0	0
Loss on impairment / retirement of fixed assets, net
-10,274	-4,931	-6,000	-7,572	-10,262	-10,178	-17,630	-15,730	-12,542	-12,728	-10,262	-10,270	-11,501	-12,587	-16,819	-21,217	-20,582	-20,873	-16,506	-12,228	-11,663	-9,757	-2,960	-3,122	-2,936	-2,539	-8,372	-31,735	-30,844	-30,336	-34,901	-10,781	-11,643	-11,355	-63,755	-62,556	-62,556	-62,752	507	0	0	0	-
Loss on impairment of goodwill and other intangibles
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	903	903	2,293	2,293	1,390	0	0	0	-
Gain on sale of investment
0	617	729	729	729	112	1,877	0	0	-	0	-	-	-	0	-	-	-	-	-	-	921	921	9,664	8,743	8,743	15,368	6,625	6,625	6,625	0	0	0	-	-	-	-	-	-	0	0	0	-
Total costs and expenses
1,251,168	1,165,486	1,135,491	1,101,432	1,079,553	1,058,011	1,056,014	1,047,433	1,032,851	1,026,756	990,176	976,114	971,805	971,782	972,591	957,048	948,253	940,447	923,454	898,894	885,680	881,273	860,769	843,737	836,735	832,811	815,729	839,256	845,371	834,779	863,849	841,485	803,912	800,526	843,192	827,089	832,191	825,923	935,044	848,080	0	0	0
Operating loss
210,415	309,439	331,972	315,222	281,227	290,519	270,894	268,461	295,525	295,211	295,595	307,251	306,796	316,939	291,080	300,977	299,146	295,331	306,215	281,456	280,276	278,332	277,106	290,896	296,504	301,761	308,971	246,813	236,684	233,675	220,245	261,432	225,889	227,946	170,124	158,959	144,954	151,669	432,772	238,862	0	0	0
Interest expense
106,663	100,364	94,938	88,435	86,845	85,687	85,694	85,868	86,451	85,603	84,466	83,785	82,990	83,863	84,554	85,756	86,104	86,849	86,349	85,652	92,086	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	135,069	124,491	0	0	0
Net effect of swaps
-29,932	-16,532	-34,261	-29,134	-17,449	-7,442	9,513	9,248	3,974	45	6,382	3,780	2,738	1,197	-4,973	-1,884	4,926	6,884	3,986	3,634	2,549	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	-15,999	0	0	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	-	-	35,289	35,289	35,289	35,289	0	0	0	-
Loss (gain) on foreign currency
-21,764	21,107	-11,697	6,965	-17,491	-36,254	-17,985	-1,846	16,321	29,086	26,028	-10,506	-2,234	14,656	6,857	-19,693	-23,237	-81,016	-82,474	-70,098	-61,907	-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	7,482	0	0	0	-
Other income
1,772	1,504	955	720	895	1,333	1,692	1,410	1,287	970	522	0	0	-	0	-	-	-	-	-	-	126	123	124	187	154	163	159	92	68	68	305	126	-798	-761	31	211	1,154	272	-593	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before taxes
53,828	215,154	192,031	205,338	160,337	161,396	177,341	190,326	206,462	216,588	220,981	193,824	224,501	249,106	208,502	193,682	194,773	134,414	141,231	129,451	99,664	114,100	114,337	151,481	159,441	128,447	142,393	86,869	75,783	133,614	133,527	130,664	90,510	73,173	-5,781	-32,118	-36,985	-30,382	254,169	100,389	0	0	0
Benefit for taxes
13,767	42,789	44,948	34,903	33,957	34,743	-29,356	5,621	9,632	1,112	69,848	59,019	63,081	71,418	49,697	45,713	47,204	22,192	21,379	11,848	-4,258	9,885	12,557	21,179	25,651	20,243	24,029	17,916	17,637	31,757	27,858	13,790	5,937	7,877	-12,937	37,196	40,826	2,670	114,955	29,535	0	0	0
Net loss
40,061	172,365	147,083	170,435	126,380	126,653	206,697	184,705	196,830	215,476	151,133	134,805	161,420	177,688	158,805	147,969	147,569	112,222	119,852	117,603	103,922	104,215	101,780	130,302	133,790	108,204	118,364	68,953	58,146	101,857	105,669	116,874	84,573	65,296	7,156	-69,314	-77,811	-33,052	139,214	70,854	0	0	0
Net loss allocated to general partner
-1	-2	-1	-2	-1	-1	-1	1	0	-2	-3	-4	-3	-2	-5	-1	0	1	5	1	-1	-1	-2	-2	-1	-1	-1	0	-1	-1	-1	-2	-1	-1	-1	1	1	0	-2	0	0	0	-
Net loss allocated to limited partners
40,060	172,363	147,082	170,433	126,379	126,652	206,694	184,704	196,828	215,474	151,132	134,803	161,419	177,686	158,804	147,968	147,567	112,221	119,851	117,602	103,921	104,214	101,778	130,300	133,789	108,203	118,363	68,953	58,145	101,856	105,668	116,872	84,572	65,295	7,155	-69,313	-77,810	-33,052	139,212	70,852	0	0	0
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment
7,419	-11,536	6,122	-1,708	9,586	17,240	4,226	-1,641	-9,585	-14,849	-11,338	1,202	35	-3,700	-1,936	4,355	5,046	16,655	16,796	12,083	11,524	5,931	3,841	167	4,076	2,756	2,814	2,950	1,839	369	-2,672	733	1,050	933	0	0	0	-	-	-	-	-	-
Cash flow hedging derivative activity
-	-	2,116	4,232	-	8,366	8,244	8,122	7,999	7,975	7,975	7,975	7,975	3,350	2,198	-2,774	-2,926	-2,734	-4,964	740	-3,342	-1,553	2,768	-2,719	1,201	10,736	10,207	12,734	8,685	139	-864	-3,854	-7,958	3,767	0	0	0	-	-	-	-	-	-
Other comprehensive income (loss), (net of tax)
7,419	-11,536	8,238	2,524	15,934	25,606	12,470	6,481	-1,586	-6,874	-3,363	9,177	8,010	-350	262	1,581	2,120	13,921	11,832	12,823	8,182	4,378	6,609	-2,552	5,277	13,492	13,021	15,684	10,524	508	-3,536	-3,121	-6,908	4,700	0	0	0	-	-	-	-	-	-
Total comprehensive loss
47,480	160,829	155,321	172,959	142,314	152,259	219,167	191,186	195,244	208,602	147,770	143,982	169,430	177,338	159,067	149,550	149,689	126,143	131,684	130,426	112,104	108,593	108,389	127,750	139,067	121,696	131,385	84,637	68,670	102,365	102,133	113,753	77,665	69,996	0	0	0	-	-	-	-	-	-
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
788,703	795,271	793,300	769,447	744,172	737,676	725,428	727,784	738,218	734,060	709,965	710,635	710,092	716,189	700,932	700,089	693,319	687,442	686,786	665,781	665,171	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	795,402	625,022	0	0	0
Food, Merchandise and Gaming [Member]
Revenues
468,742	473,499	471,412	457,394	436,964	433,315	427,385	422,096	425,316	422,469	410,153	407,357	404,114	407,673	404,066	403,133	401,842	398,019	391,488	374,118	367,086	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	471,621	384,381	0	0	0
Accommodations, Extra-Charge Products and Other [Member]
Revenues
204,138	206,155	202,751	189,813	179,644	177,539	174,095	166,014	164,842	165,438	165,653	165,373	164,395	164,859	158,673	154,803	152,238	150,317	151,395	140,451	133,699	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	26,171	-32,199	0	0	0