Cedar Fair, L.P(NYSE:FUN) 
Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wo...
Website: http://www.cedarfair.com
Founded: 1983
Full Time Employees: 2,600
Sector: Consumer Cyclical
Industry: Leisure
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At a glance:
Bull Thesis:
Bear Thesis:
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Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-31 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-31 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2018-12-31 | 2018-09-23 | 2018-03-25 | 2017-12-31 | 2017-09-24 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
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net revenues: | |||||||||||||||||||||||||||||||||||
admissions | 45,441,000 | 194,727,000 | 417,923,000 | 242,549,000 | 39,529,000 | 197,357,000 | 425,616,000 | 253,494,000 | 49,436,000 | 193,950,000 | 381,777,000 | 99,072,000 | 7,124,000 | 33,411,000 | 668,000 | 26,649,000 | 149,556,000 | 382,776,000 | 229,722,000 | ||||||||||||||||
food, merchandise and games | 38,858,000 | 120,695,000 | 281,546,000 | 179,664,000 | 32,064,000 | 115,795,000 | 272,940,000 | 177,153,000 | 36,715,000 | 105,703,000 | 235,619,000 | 83,945,000 | 7,246,000 | 19,652,000 | 34,462,000 | 2,860,000 | 19,947,000 | 73,974,000 | 224,444,000 | 150,377,000 | |||||||||||||||
accommodations, extra-charge products and other | 17,316,000 | 55,701,000 | 142,540,000 | 78,769,000 | 12,961,000 | 52,842,000 | 144,507,000 | 78,844,000 | 12,684,000 | 51,283,000 | 136,008,000 | 41,120,000 | 2,496,000 | 7,101,000 | 19,584,000 | 3,058,000 | 7,039,000 | 33,716,000 | 107,292,000 | 56,091,000 | |||||||||||||||
net revenues: - sum | 101,615,000 | 371,123,000 | 842,009,000 | 500,982,000 | 84,554,000 | 365,994,000 | 843,063,000 | 509,491,000 | 98,835,000 | 350,936,000 | 753,404,000 | 224,137,000 | 9,742,000 | 33,877,000 | 87,457,000 | 6,586,000 | 53,635,000 | ||||||||||||||||||
yoy | 20.18% | 1.40% | -0.13% | -1.67% | -14.45% | 4.29% | 11.90% | 127.31% | 914.52% | 935.91% | 761.46% | 3303.23% | -81.84% | ||||||||||||||||||||||
qoq | -72.62% | -55.92% | 68.07% | 492.50% | -76.90% | -56.59% | 65.47% | 415.50% | -71.84% | -53.42% | 236.14% | 2200.73% | -71.24% | -61.26% | 1227.92% | -87.72% | |||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||
cost of food, merchandise, and games revenues | 11,611,000 | 32,271,250 | 70,072,000 | 48,632,000 | 10,381,000 | 33,264,500 | 73,072,000 | 49,162,000 | 10,824,000 | 21,359,500 | 59,502,000 | 23,630,000 | 2,306,000 | 5,007,000 | 11,638,000 | 2,005,000 | 6,385,000 | 26,483,000 | 58,475,000 | 39,808,000 | |||||||||||||||
operating expenses | 141,938,000 | 188,931,000 | 301,473,000 | 236,410,000 | 133,340,000 | 188,592,000 | 323,441,000 | 232,421,000 | 119,850,000 | 202,717,000 | 273,426,000 | 155,945,000 | 66,154,000 | 73,613,000 | 100,818,000 | 66,983,000 | 106,368,000 | 138,599,000 | 227,625,000 | 177,771,000 | |||||||||||||||
selling, general and administrative | 61,424,000 | 87,060,000 | 95,885,000 | 67,048,000 | 46,465,000 | 66,045,000 | 88,160,000 | 65,601,000 | 40,786,000 | 51,479,000 | 90,863,000 | 47,066,000 | 30,350,000 | 31,437,000 | 28,145,000 | 23,727,000 | 24,809,000 | 47,725,000 | 83,080,000 | 59,781,000 | |||||||||||||||
depreciation and amortization | 10,312,000 | 30,284,000 | 65,936,000 | 48,094,000 | 13,681,000 | 26,833,000 | 67,805,000 | 49,037,000 | 9,599,000 | 35,897,000 | 77,461,000 | 33,992,000 | 1,453,000 | 30,102,000 | 67,436,000 | 54,923,000 | 5,088,000 | 32,628,000 | 68,335,000 | 55,904,000 | |||||||||||||||
loss on impairment / retirement of fixed assets | 2,614,000 | 5,288,000 | 2,018,000 | 7,125,000 | 3,636,000 | 3,896,000 | 3,632,000 | 1,199,000 | 1,548,000 | 4,613,000 | 2,397,000 | 1,937,000 | 1,539,000 | -395,000 | 727,000 | 1,036,000 | 6,767,000 | 1,150,000 | 1,675,000 | 682,000 | |||||||||||||||
costs and expenses: - sum | 227,899,000 | 342,308,000 | 535,384,000 | 407,309,000 | 207,503,000 | 316,555,000 | 400,859,000 | 397,420,000 | 182,607,000 | 321,865,000 | 503,649,000 | 262,570,000 | 101,800,000 | 142,720,000 | 224,571,000 | 148,674,000 | 237,598,000 | ||||||||||||||||||
gross profit | -126,284,000 | 28,815,000 | 306,625,000 | 93,673,000 | -122,949,000 | 49,439,000 | 442,204,000 | 112,071,000 | -83,772,000 | 29,071,000 | 249,755,000 | -38,433,000 | -92,058,000 | -108,843,000 | -137,114,000 | -142,088,000 | -183,963,000 | ||||||||||||||||||
yoy | 2.71% | -41.72% | -30.66% | -16.42% | 46.77% | 70.06% | 77.06% | -391.60% | -9.00% | -126.71% | -282.15% | -72.95% | -49.96% | ||||||||||||||||||||||
qoq | -538.26% | -90.60% | 227.34% | -176.19% | -348.69% | -88.82% | 294.57% | -233.78% | -388.16% | -88.36% | -749.85% | -58.25% | -15.42% | -20.62% | -3.50% | -22.76% | |||||||||||||||||||
gross margin % | -124.28% | 7.76% | 36.42% | 18.70% | -145.41% | 13.51% | 52.45% | 22.00% | -84.76% | 8.28% | 33.15% | -17.15% | -944.96% | -321.29% | -156.78% | -2157.42% | -342.99% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | ||||||||||
operating income | -126,284,000 | 28,815,000 | 306,625,000 | 93,673,000 | -122,949,000 | 49,439,000 | 442,204,000 | 112,071,000 | -83,772,000 | 29,071,000 | 249,755,000 | -38,433,000 | -92,058,000 | -108,843,000 | -137,114,000 | -142,088,000 | -183,963,000 | 16,812,000 | 275,322,000 | 102,244,000 | |||||||||||||||
yoy | 2.71% | -41.72% | -30.66% | -16.42% | 46.77% | 70.06% | 77.06% | -391.60% | -9.00% | -126.71% | -282.15% | -72.95% | -49.96% | -747.41% | -149.80% | -238.97% | |||||||||||||||||||
qoq | -538.26% | -90.60% | 227.34% | -176.19% | -348.69% | -88.82% | 294.57% | -233.78% | -388.16% | -88.36% | -749.85% | -58.25% | -15.42% | -20.62% | -3.50% | -22.76% | -1194.24% | -93.89% | 169.28% | ||||||||||||||||
operating margin % | -124.28% | 7.76% | 36.42% | 18.70% | -145.41% | 13.51% | 52.45% | 22.00% | -84.76% | 8.28% | 33.15% | -17.15% | -944.96% | -321.29% | -156.78% | -2157.42% | -342.99% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | ||||||||||
interest expense | 34,696,000 | 36,150,000 | 36,125,000 | 37,366,000 | 32,129,000 | 36,554,000 | 37,049,000 | 40,214,000 | 38,123,000 | 47,661,000 | 46,270,000 | 46,005,000 | 44,096,000 | 46,328,000 | 40,376,000 | 36,746,000 | 27,219,000 | 28,550,000 | 27,967,000 | 22,927,000 | |||||||||||||||
loss on foreign currency | 5,240,000 | -3,912,000 | 5,071,000 | -10,683,000 | 3,999,000 | -452,000 | 14,376,000 | 9,845,000 | 15,000 | 7,918,000 | 15,163,000 | -11,099,000 | -5,805,000 | -24,167,000 | -9,567,000 | -12,651,000 | 34,202,000 | -8,574,000 | 5,608,000 | -9,472,000 | |||||||||||||||
other income | -337,000 | -1,267,000 | -738,000 | -237,000 | -441,000 | -1,633,000 | -1,532,000 | -394,000 | -49,000 | 48,000 | -243,000 | -27,000 | -78,000 | -110,000 | -28,000 | -696,000 | -933,000 | ||||||||||||||||||
loss before taxes | -165,883,000 | -158,636,000 | -107,659,000 | -69,478,000 | -126,713,000 | -264,984,000 | |||||||||||||||||||||||||||||
benefit for taxes | -32,416,000 | -24,090,000 | -19,150,000 | -10,608,000 | -16,297,000 | -49,007,000 | |||||||||||||||||||||||||||||
net income | -133,467,000 | -9,953,000 | 215,494,000 | 53,564,000 | -134,546,000 | 12,355,000 | 333,050,000 | 50,772,000 | -88,509,000 | -27,219,000 | 147,987,000 | -58,870,000 | -110,416,000 | -105,453,000 | -136,261,000 | -132,552,000 | -215,977,000 | 2,785,000 | 189,955,000 | 63,298,000 | |||||||||||||||
yoy | -0.80% | -180.56% | -35.30% | 5.50% | 52.01% | -145.39% | 125.05% | -186.24% | -19.84% | -74.19% | -208.61% | -55.59% | -48.88% | -3886.46% | -171.73% | -309.41% | |||||||||||||||||||
qoq | 1240.97% | -104.62% | 302.31% | -139.81% | -1189.00% | -96.29% | 555.97% | -157.36% | 225.17% | -118.39% | -351.38% | -46.68% | 4.71% | -22.61% | 2.80% | -38.63% | -7855.01% | -98.53% | 200.10% | ||||||||||||||||
net income margin % | -131.35% | -2.68% | 25.59% | 10.69% | -159.12% | 3.38% | 39.50% | 9.97% | -89.55% | -7.76% | 19.64% | -26.27% | -1133.40% | -311.28% | -155.80% | -2012.63% | -402.68% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | ||||||||||
net loss allocated to general partner | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -2,000 | |||||||||||||||||||||||||||||
net loss allocated to limited partners | -133,466,000 | -134,545,000 | -88,508,000 | -58,869,000 | -110,415,000 | -215,975,000 | |||||||||||||||||||||||||||||
other comprehensive income, | 312,000 | -147,000 | 584,000 | -2,295,000 | 1,123,000 | -844,000 | 1,838,000 | 2,819,000 | 2,853,000 | 7,209,000 | 7,912,000 | -5,686,000 | -3,091,000 | -11,709,000 | -4,820,000 | -6,523,000 | 15,905,000 | -6,408,000 | 2,554,000 | -4,632,000 | |||||||||||||||
foreign currency translation | 312,000 | -320,000 | 584,000 | -2,295,000 | 1,123,000 | ||||||||||||||||||||||||||||||
total comprehensive loss | -133,155,000 | -133,423,000 | -85,656,000 | -64,556,000 | -113,507,000 | -200,072,000 | |||||||||||||||||||||||||||||
basic loss per limited partner unit: | |||||||||||||||||||||||||||||||||||
weighted-average limited partner units outstanding | 50,667,000 | 50,938,000 | 50,668,000 | 50,916,000 | 51,645,000 | 55,825,000 | 56,384,000 | 56,760,000 | 56,678,000 | 56,610,000 | 56,628,000 | 56,622,000 | 56,552,000 | 56,476,000 | 56,497,000 | 56,494,000 | 56,414,000 | 56,349,000 | 56,519,000 | 56,474,000 | 56,212,000 | 56,061,000 | |||||||||||||
net loss per limited partner unit | -2,630 | -2,610 | -1,560 | -1,040 | -1,950 | -3,830 | |||||||||||||||||||||||||||||
diluted loss per limited partner unit: | |||||||||||||||||||||||||||||||||||
gain on sale of land | |||||||||||||||||||||||||||||||||||
net effect of swaps | -3,700,000 | -7,739,000 | -14,202,000 | -8,418,000 | -3,186,000 | -3,834,000 | -3,562,000 | -3,931,000 | -1,558,000 | 1,559,000 | 19,779,000 | -4,536,000 | 3,910,000 | 10,779,000 | |||||||||||||||||||||
loss on early debt extinguishment | 1,810,000 | 5,905,000 | 4,000 | 249,000 | 317,000 | 1,696,000 | |||||||||||||||||||||||||||||
income before taxes | -2,156,000 | 266,167,000 | 67,227,000 | 14,970,000 | 394,201,000 | 70,145,000 | -24,043,000 | 191,751,000 | -127,212,000 | -166,654,000 | -169,308,000 | 2,068,000 | 238,770,000 | 77,974,000 | |||||||||||||||||||||
provision for taxes | 7,797,000 | 50,673,000 | 13,663,000 | 2,615,000 | 61,151,000 | 19,373,000 | 3,176,000 | 43,764,000 | -21,759,000 | -30,393,000 | -36,756,000 | -717,000 | 48,815,000 | 14,676,000 | |||||||||||||||||||||
net income allocated to general partner | 2,000 | 3,000 | 1,000 | 2,000 | -1,000 | -1,000 | -2,000 | 2,000 | 1,000 | ||||||||||||||||||||||||||
net income allocated to limited partners | -9,953,000 | 215,492,000 | 53,564,000 | 12,355,000 | 333,047,000 | 50,771,000 | -27,219,000 | 147,985,000 | -105,452,000 | -136,260,000 | -132,550,000 | 2,785,000 | 189,953,000 | 63,297,000 | |||||||||||||||||||||
total comprehensive income | -10,273,000 | 216,078,000 | 51,269,000 | 11,511,000 | 334,888,000 | 53,591,000 | -20,010,000 | 155,899,000 | -117,162,000 | -141,081,000 | -139,075,000 | -3,623,000 | 192,509,000 | 58,666,000 | |||||||||||||||||||||
basic income per limited partner unit: | |||||||||||||||||||||||||||||||||||
net income per limited partner unit | -180 | 4,250 | 1,050 | 290 | 5,910 | 890 | -480 | 2,610 | -1,870 | -2,410 | -2,350 | 50 | 3,360 | 1,120 | |||||||||||||||||||||
diluted income per limited partner unit: | |||||||||||||||||||||||||||||||||||
gain on sale of assets | -38,812,750 | -155,251,000 | |||||||||||||||||||||||||||||||||
foreign currency translation adjustment | 1,877,500 | 1,838,000 | 2,819,000 | 2,853,000 | -216,250 | 7,912,000 | -5,686,000 | -3,091,000 | 1,140,500 | -4,820,000 | -6,523,000 | 15,905,000 | -1,282,000 | 2,554,000 | -4,632,000 | ||||||||||||||||||||
gain on sale of investment | -500 | -2,000 | -11,000 | ||||||||||||||||||||||||||||||||
loss on impairment of goodwill and other intangibles | 15,818,000 | 88,181,000 | |||||||||||||||||||||||||||||||||
other expense | -130,000 | -179,000 | 36,000 | ||||||||||||||||||||||||||||||||
cash flow hedging derivative activity |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-31 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-31 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2018-12-31 | 2017-12-31 | 2012-12-31 | 2009-12-31 |
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assets | ||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||
cash and cash equivalents | 35,128,000 | 65,488,000 | 134,394,000 | 49,179,000 | 33,562,000 | 101,189,000 | 288,380,000 | 124,929,000 | 49,963,000 | 61,119,000 | 562,661,000 | 292,596,000 | 271,730,000 | 376,736,000 | 225,470,000 | 301,135,000 | 26,295,000 | 182,252,000 | 258,116,000 | 324,742,000 | 105,349,000 | |||
receivables | 61,530,000 | 79,513,000 | 88,256,000 | 99,985,000 | 54,386,000 | 70,926,000 | 77,851,000 | 101,449,000 | 61,454,000 | 62,109,000 | 61,749,000 | 52,259,000 | 33,402,000 | 34,445,000 | 40,305,000 | 41,822,000 | 25,652,000 | 63,106,000 | 68,754,000 | 89,546,000 | 51,518,000 | |||
inventories | 55,875,000 | 44,097,000 | 54,932,000 | 65,852,000 | 56,790,000 | 45,297,000 | 49,669,000 | 56,608,000 | 39,269,000 | 32,113,000 | 36,861,000 | 46,983,000 | 48,004,000 | 47,479,000 | 50,733,000 | 45,580,000 | 7,394,000 | 32,902,000 | 37,734,000 | 46,860,000 | 30,753,000 | |||
prepaid insurance | 10,496,000 | 4,925,000 | 2,272,000 | 6,866,000 | 9,927,000 | 12,570,000 | ||||||||||||||||||
other current assets | 27,158,000 | 14,817,000 | 25,454,000 | 26,644,000 | 28,107,000 | 13,777,000 | 23,048,000 | 40,268,000 | 36,666,000 | 24,249,000 | 23,922,000 | 40,298,000 | 25,847,000 | 26,747,000 | 24,002,000 | 24,602,000 | 16,183,000 | 15,921,000 | 20,196,000 | 17,715,000 | 12,589,000 | |||
current assets: - sum | 190,187,000 | 208,840,000 | 305,308,000 | 262,579,000 | 184,163,000 | 243,759,000 | 438,948,000 | 476,375,000 | 264,564,000 | 263,641,000 | 748,371,000 | 523,744,000 | 479,405,000 | 554,511,000 | 340,510,000 | 415,286,000 | 92,959,000 | 294,181,000 | ||||||
property and equipment: | ||||||||||||||||||||||||
land | 287,102,000 | 288,761,000 | 287,353,000 | 289,736,000 | 286,895,000 | 287,968,000 | 287,839,000 | 291,166,000 | 444,207,000 | 443,190,000 | 443,001,000 | 445,274,000 | 443,579,000 | 442,708,000 | 438,893,000 | 437,491,000 | 435,677,000 | 441,038,000 | 439,309,000 | 422,764,000 | 268,411,000 | |||
land improvements | 522,517,000 | 523,336,000 | 518,365,000 | 515,695,000 | 491,777,000 | 492,324,000 | 488,533,000 | 490,191,000 | 487,653,000 | 486,014,000 | 485,435,000 | 485,242,000 | 467,390,000 | 467,176,000 | 463,838,000 | 458,933,000 | 457,922,000 | 460,534,000 | 451,269,000 | 443,282,000 | 434,501,000 | |||
buildings | 987,558,000 | 991,424,000 | 985,545,000 | 979,495,000 | 930,054,000 | 930,850,000 | 933,053,000 | 913,699,000 | 855,436,000 | 855,297,000 | 857,610,000 | 857,452,000 | 845,838,000 | 849,404,000 | 832,067,000 | 832,356,000 | 811,048,000 | 816,780,000 | 801,175,000 | 768,050,000 | 732,666,000 | |||
rides and equipment | 2,119,743,000 | 2,125,726,000 | 2,111,057,000 | 2,105,773,000 | 2,033,143,000 | 2,030,640,000 | 2,022,168,000 | 2,025,153,000 | 1,994,480,000 | 1,986,235,000 | 1,994,977,000 | 2,001,500,000 | 1,963,551,000 | 1,962,324,000 | 1,954,787,000 | 1,934,048,000 | 1,893,596,000 | 1,907,544,000 | 1,900,910,000 | 1,874,085,000 | 1,813,489,000 | |||
construction in progress | 132,283,000 | 74,948,000 | 53,759,000 | 45,797,000 | 119,971,000 | 75,377,000 | 45,938,000 | 44,637,000 | 90,555,000 | 57,666,000 | 44,415,000 | 41,078,000 | 83,658,000 | 75,507,000 | 83,472,000 | 93,412,000 | 114,740,000 | 70,731,000 | 69,050,000 | 59,257,000 | 77,716,000 | |||
property and equipment: - sum | 4,049,203,000 | 4,004,195,000 | 3,956,079,000 | 3,936,496,000 | 3,861,840,000 | 3,817,159,000 | 3,777,531,000 | 3,764,846,000 | 3,872,331,000 | 3,828,402,000 | 3,825,438,000 | 3,830,546,000 | 3,804,016,000 | 3,797,119,000 | 3,773,057,000 | 3,756,240,000 | 3,712,983,000 | 3,696,627,000 | ||||||
less accumulated depreciation | -2,365,627,000 | -2,368,862,000 | -2,342,275,000 | -2,287,750,000 | -2,240,995,000 | -2,234,800,000 | -2,215,840,000 | -2,164,908,000 | -2,126,499,000 | -2,117,659,000 | -2,095,666,000 | -2,028,345,000 | -1,993,568,000 | -1,995,138,000 | -1,959,443,000 | -1,893,656,000 | -1,836,870,000 | -1,855,019,000 | -1,829,382,000 | -1,767,972,000 | -1,727,345,000 | |||
goodwill | 263,182,000 | 264,625,000 | 263,557,000 | 264,744,000 | 262,273,000 | 263,206,000 | 263,094,000 | 265,988,000 | 268,117,000 | 267,232,000 | 267,216,000 | 269,193,000 | 267,718,000 | 266,961,000 | 263,860,000 | 276,238,000 | 274,659,000 | 359,654,000 | 358,451,000 | 181,199,000 | 178,719,000 | |||
other intangibles | 48,796,000 | 49,062,000 | 48,883,000 | 49,206,000 | 48,707,000 | 48,950,000 | 48,979,000 | 49,702,000 | 50,185,000 | 49,994,000 | 50,127,000 | 50,751,000 | 50,513,000 | 50,288,000 | 49,717,000 | 51,836,000 | 51,658,000 | 59,899,000 | 59,693,000 | 36,696,000 | 36,376,000 | |||
right-of-use asset | 77,267,000 | 81,173,000 | 84,799,000 | 87,708,000 | 89,681,000 | 92,966,000 | 96,809,000 | 17,818,000 | 16,176,000 | 16,294,000 | 14,061,000 | 13,520,000 | 13,741,000 | 13,527,000 | 13,021,000 | 13,322,000 | 13,688,000 | 14,324,000 | 11,067,000 | 4,354,000 | ||||
other assets | 1,257,000 | 1,500,000 | 2,252,000 | 3,435,000 | 4,072,000 | 4,657,000 | 4,935,000 | 7,176,000 | 5,426,000 | 5,116,000 | 4,940,000 | 4,824,000 | 5,836,000 | 6,144,000 | 20,796,000 | 38,268,000 | 80,406,000 | 11,479,000 | 11,669,000 | 11,509,000 | 9,441,000 | |||
liabilities and partners’ deficit | ||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||
accounts payable | 52,847,000 | 37,595,000 | 56,145,000 | 79,339,000 | 66,196,000 | 54,983,000 | 63,272,000 | 80,948,000 | 57,838,000 | 53,912,000 | 49,085,000 | 51,452,000 | 22,613,000 | 14,272,000 | 16,305,000 | 24,848,000 | 39,000,000 | 29,344,000 | 32,928,000 | 49,284,000 | 23,314,000 | |||
deferred revenue | 225,692,000 | 183,689,000 | 186,175,000 | 273,737,000 | 198,532,000 | 162,711,000 | 170,905,000 | 297,930,000 | 224,215,000 | 187,599,000 | 186,526,000 | 275,506,000 | 189,652,000 | 183,354,000 | 156,488,000 | 103,834,000 | 30,381,000 | 151,377,000 | 130,265,000 | 217,242,000 | 107,074,000 | |||
accrued interest | 51,597,000 | 32,587,000 | 49,268,000 | 30,712,000 | 49,432,000 | 32,173,000 | 49,316,000 | 31,374,000 | 51,133,000 | 32,011,000 | 58,919,000 | 34,402,000 | 58,977,000 | 33,718,000 | 50,666,000 | 30,794,000 | 28,617,000 | 21,442,000 | 30,181,000 | 8,176,000 | 7,927,000 | |||
accrued taxes | 14,720,000 | 45,296,000 | 44,867,000 | 16,581,000 | 12,405,000 | 35,329,000 | 58,710,000 | 17,734,000 | 9,084,000 | 9,075,000 | 14,706,000 | 13,002,000 | 9,878,000 | 10,775,000 | 13,307,000 | 12,677,000 | 6,656,000 | 39,237,000 | 48,265,000 | 16,276,000 | 29,591,000 | |||
accrued salaries, wages and benefits | 13,674,000 | 37,421,000 | 38,167,000 | 24,290,000 | 23,942,000 | 53,332,000 | 56,682,000 | 30,358,000 | 24,242,000 | 53,833,000 | 63,641,000 | 28,344,000 | 17,809,000 | 24,975,000 | 20,696,000 | 15,287,000 | 16,866,000 | 29,549,000 | 39,206,000 | 21,706,000 | 18,786,000 | |||
self-insurance reserves | 27,389,000 | 30,784,000 | 29,176,000 | 27,708,000 | 27,384,000 | 27,766,000 | 27,121,000 | 24,662,000 | 24,268,000 | 24,573,000 | 24,286,000 | 22,336,000 | 22,071,000 | 22,322,000 | 22,037,000 | 23,028,000 | 25,127,000 | 24,665,000 | 23,837,000 | 21,427,000 | 24,021,000 | |||
other accrued liabilities | 38,347,000 | 35,354,000 | 42,659,000 | 43,814,000 | 33,627,000 | 30,678,000 | 35,426,000 | 26,388,000 | 16,310,000 | 20,511,000 | 19,440,000 | 17,913,000 | 12,011,000 | 10,565,000 | 17,864,000 | 21,005,000 | 23,692,000 | 21,024,000 | 17,297,000 | 18,137,000 | 18,381,000 | |||
current liabilities: - sum | 424,266,000 | 402,726,000 | 446,457,000 | 496,181,000 | 411,518,000 | 396,972,000 | 461,432,000 | 509,394,000 | 407,090,000 | 381,514,000 | 416,603,000 | 442,955,000 | 333,011,000 | 299,981,000 | 297,363,000 | 231,473,000 | 177,839,000 | 324,138,000 | ||||||
deferred tax liability | 56,958,000 | 63,403,000 | 66,167,000 | 66,842,000 | 62,679,000 | 69,412,000 | 55,540,000 | 62,956,000 | 53,609,000 | 66,483,000 | 47,538,000 | 38,488,000 | 49,972,000 | 39,595,000 | 2,525,000 | 29,698,000 | 59,021,000 | 82,046,000 | 82,658,000 | 88,854,000 | 81,717,000 | |||
lease liability | 68,626,000 | 71,951,000 | 74,957,000 | 77,679,000 | 79,273,000 | 81,757,000 | 84,749,000 | 14,548,000 | 13,289,000 | 13,345,000 | 11,146,000 | 10,620,000 | 10,749,000 | 10,483,000 | 9,873,000 | 10,072,000 | 10,310,000 | 10,600,000 | 7,440,000 | 2,365,000 | ||||
other liabilities | 9,393,000 | 9,964,000 | 23,830,000 | 10,788,000 | 11,236,000 | 11,203,000 | 18,032,000 | 9,847,000 | 10,933,000 | 11,144,000 | 5,261,000 | 5,264,000 | 5,657,000 | 16,460,000 | 6,260,000 | 2,722,000 | 806,000 | 10,336,000 | 18,966,000 | 10,302,000 | 11,058,000 | |||
long-term debt: | ||||||||||||||||||||||||
revolving credit loans | 158,000,000 | 157,000,000 | 170,000,000 | 90,000,000 | 125,000,000 | 70,000,000 | ||||||||||||||||||
notes | 2,277,941,000 | 2,275,451,000 | 2,272,961,000 | 2,270,586,000 | 2,268,275,000 | 2,268,155,000 | 2,265,490,000 | 2,265,114,000 | 2,262,830,000 | 2,260,545,000 | 2,706,484,000 | 2,704,002,000 | 2,701,615,000 | 2,699,219,000 | 2,405,576,000 | 2,404,638,000 | 1,432,601,000 | 1,431,733,000 | 1,431,612,000 | 1,431,047,000 | 938,061,000 | |||
long-term debt: - sum | 2,435,941,000 | 2,275,451,000 | 2,272,961,000 | 2,427,586,000 | 2,438,275,000 | 2,268,155,000 | 2,265,490,000 | 2,546,034,000 | 2,647,076,000 | 2,518,936,000 | 2,964,043,000 | 2,960,715,000 | 2,957,481,000 | 2,954,244,000 | 2,661,934,000 | 2,660,535,000 | 2,217,286,000 | 2,145,883,000 | ||||||
commitments and contingencies | ||||||||||||||||||||||||
partners’ deficit | ||||||||||||||||||||||||
special l.p. interests | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | 5,290,000 | |||
general partner | -7,000 | -6,000 | -6,000 | -8,000 | -8,000 | -4,000 | -4,000 | -7,000 | -8,000 | -7,000 | -7,000 | -9,000 | -8,000 | -7,000 | -6,000 | -5,000 | -3,000 | -1,000 | -1,000 | -2,000 | -1,000 | |||
limited partners, 51,252, 51,013 and 51,502 units outstanding as of march 31, 2024, december 31, 2023 and march 26, 2023, respectively | -751,215,000 | |||||||||||||||||||||||
accumulated other comprehensive income | 15,013,000 | 14,701,000 | 15,021,000 | 14,437,000 | 16,732,000 | 15,609,000 | 16,453,000 | 14,615,000 | 11,796,000 | 8,943,000 | 1,734,000 | -6,178,000 | -492,000 | 2,599,000 | 14,308,000 | 19,128,000 | 25,651,000 | 9,746,000 | 16,154,000 | 13,600,000 | 21,282,000 | |||
partners’ deficit - sum | -730,919,000 | -565,769,000 | -762,658,000 | -793,240,000 | -470,787,000 | -725,782,000 | -787,581,000 | -682,645,000 | -841,560,000 | -780,610,000 | ||||||||||||||
liabilities and partners’ equity | ||||||||||||||||||||||||
partners’ deficit: | ||||||||||||||||||||||||
limited partners, 51,013 and 52,563 units outstanding as of december 31, 2023 and december 31, 2022, respectively | -602,947,000 | |||||||||||||||||||||||
partners’ deficit: - sum | -582,962,000 | -591,602,000 | -698,488,000 | -666,437,000 | -411,862,000 | |||||||||||||||||||
limited partners, 51,017, 52,563 and 55,571 units outstanding as of september 24, 2023, december 31, 2022 and september 25, 2022, respectively | -586,074,000 | |||||||||||||||||||||||
prepaid advertising | 14,053,000 | 6,926,000 | 2,147,000 | 17,435,000 | 20,719,000 | |||||||||||||||||||
land held for sale | 150,595,000 | |||||||||||||||||||||||
term debt | 190,920,000 | 259,246,000 | 258,391,000 | 257,559,000 | 256,713,000 | 255,866,000 | 255,025,000 | 256,358,000 | 255,897,000 | 714,685,000 | 714,150,000 | 717,364,000 | 716,828,000 | 719,507,000 | ||||||||||
limited partners, 51,330, 52,563 and 57,040 units outstanding as of june 25, 2023, december 31, 2022 and june 26, 2022, respectively | -782,377,000 | |||||||||||||||||||||||
current income tax receivable | 1,391,000 | 2,526,000 | 77,212,000 | 84,051,000 | 63,178,000 | 91,608,000 | 93,496,000 | 69,104,000 | ||||||||||||||||
derivative liability | 5,884,000 | 20,086,000 | 28,504,000 | 31,690,000 | 35,524,000 | 39,086,000 | 38,713,000 | 37,247,000 | 34,298,000 | 18,108,000 | 27,773,000 | 23,862,000 | 6,705,000 | |||||||||||
limited partners, 51,502, 52,563 and 57,042 units outstanding as of march 26, 2023, december 31, 2022 and march 27, 2022, respectively | -815,254,000 | |||||||||||||||||||||||
limited partners, 52,563 and 56,854 units outstanding as of december 31, 2022 and december 31, 2021, respectively | -612,497,000 | |||||||||||||||||||||||
limited partners, 55,571, 56,854 and 56,842 units outstanding as of september 25, 2022, december 31, 2021 and september 26, 2021, respectively | -492,526,000 | |||||||||||||||||||||||
limited partners, 57,040, 56,854 and 56,829 units outstanding as of june 26, 2022, december 31, 2021 and june 27, 2021, respectively | -745,680,000 | |||||||||||||||||||||||
limited partners, 57,042, 56,854 and 56,828 units outstanding as of march 27, 2022, december 31, 2021 and march 28, 2021, respectively | -804,659,000 | |||||||||||||||||||||||
limited partners, 56,854 and 56,706 units outstanding as of december 31, 2021 and december 31, 2020, respectively | -712,714,000 | |||||||||||||||||||||||
non-current deferred revenue | 24,037,000 | 16,061,000 | 15,877,000 | 36,180,000 | 97,649,000 | 164,137,000 | ||||||||||||||||||
limited partners, 56,842, 56,706 and 56,706 units outstanding as of september 26, 2021, december 31, 2020 and september 27, 2020, respectively | -689,662,000 | |||||||||||||||||||||||
limited partners, 56,829, 56,706 and 56,707 units outstanding as of june 27, 2021, december 31, 2020 and june 28, 2020, respectively | -840,663,000 | |||||||||||||||||||||||
current maturities of long-term debt | 7,500,000 | 7,500,000 | 7,500,000 | 7,500,000 | 5,625,000 | |||||||||||||||||||
limited partners, 56,828, 56,706 and 56,703 units outstanding as of march 28, 2021, december 31, 2020 and march 29, 2020, respectively | -785,400,000 | |||||||||||||||||||||||
limited partners, 56,706 and 56,666 units outstanding as of december 31, 2020 and december 31, 2019, respectively | -674,319,000 | |||||||||||||||||||||||
partners’ (deficit) equity: | ||||||||||||||||||||||||
limited partners, 56,706, 56,666 and 56,596 units outstanding as of september 27, 2020, december 31, 2019 and september 29, 2019, respectively | -570,922,000 | |||||||||||||||||||||||
partners’ (deficit) equity: - sum | -551,330,000 | -9,966,000 | ||||||||||||||||||||||
limited partners, 56,707, 56,666 and 56,597 units outstanding as of june 28, 2020, december 31, 2019 and june 30, 2019, respectively | -436,275,000 | |||||||||||||||||||||||
partners’ equity: | ||||||||||||||||||||||||
limited partners, 56,703, 56,666 and 56,587 units outstanding as of march 29, 2020, december 31, 2019 and march 31, 2019, respectively | -305,152,000 | |||||||||||||||||||||||
partners’ equity: - sum | -274,214,000 | |||||||||||||||||||||||
limited partners, 56,666 and 56,564 units outstanding as of december 31, 2019 and december 31, 2018, respectively | -25,001,000 | |||||||||||||||||||||||
limited partners, 56,596, 56,564 and 56,441 units outstanding as of september 29, 2019, december 31, 2018 and september 23, 2018, respectively | 21,276,000 | |||||||||||||||||||||||
limited partners, 56,597, 56,564 and 56,441 units outstanding as of june 30, 2019, december 31, 2018 and june 24, 2018, respectively | -119,088,000 | |||||||||||||||||||||||
limited partners, 56,564 and 56,359 units outstanding at december 31, 2018 and december 31, 2017, respectively | 5,845,000 | |||||||||||||||||||||||
net revenues: | ||||||||||||||||||||||||
admissions | 734,060,000 | 612,069,000 | 532,814,000 | |||||||||||||||||||||
food, merchandise and games | 422,469,000 | 342,214,000 | ||||||||||||||||||||||
accommodations, extra-charge products and other | 165,438,000 | |||||||||||||||||||||||
costs and expenses: | ||||||||||||||||||||||||
cost of food, merchandise and games revenues | 110,811,000 | 95,048,000 | 84,940,000 | |||||||||||||||||||||
operating expenses | 558,102,000 | 451,403,000 | 402,728,000 | |||||||||||||||||||||
selling, general and administrative | 193,770,000 | 138,311,000 | 128,473,000 | |||||||||||||||||||||
depreciation and amortization | 153,222,000 | 127,339,000 | 132,745,000 | |||||||||||||||||||||
loss on impairment / retirement of fixed assets | 12,728,000 | 30,336,000 | 244,000 | |||||||||||||||||||||
gain on sale of investment | -1,877,000 | |||||||||||||||||||||||
operating income | 295,211,000 | 232,642,000 | 185,543,000 | |||||||||||||||||||||
interest expense | 85,603,000 | 110,619,000 | 124,706,000 | |||||||||||||||||||||
net effect of swaps | -45,000 | -1,492,000 | ||||||||||||||||||||||
loss on early debt extinguishment | 23,121,000 | |||||||||||||||||||||||
(gain) loss on foreign currency | -29,086,000 | |||||||||||||||||||||||
other income | -970,000 | -68,000 | 1,260,000 | |||||||||||||||||||||
income before taxes | 216,588,000 | 132,581,000 | 50,407,000 | |||||||||||||||||||||
benefit from taxes | 1,112,000 | 31,365,000 | ||||||||||||||||||||||
net income | 215,476,000 | 101,216,000 | 35,429,000 | |||||||||||||||||||||
net income allocated to general partner | 2,000 | 1,000 | ||||||||||||||||||||||
net income allocated to limited partners | 215,474,000 | 101,215,000 | 35,429,000 | |||||||||||||||||||||
other comprehensive income, | -6,874,000 | 508,000 | ||||||||||||||||||||||
foreign currency translation adjustment | -14,849,000 | |||||||||||||||||||||||
unrealized gain on cash flow hedging derivatives | 7,975,000 | |||||||||||||||||||||||
total comprehensive income | 208,602,000 | 101,724,000 | ||||||||||||||||||||||
basic earnings per limited partner unit: | ||||||||||||||||||||||||
weighted-average limited partner units outstanding | 56,061,000 | 55,518,000 | ||||||||||||||||||||||
net income per limited partner unit | 3,840 | 1,820 | ||||||||||||||||||||||
diluted earnings per limited partner unit: | ||||||||||||||||||||||||
accommodations and other | 114,171,000 | 66,875,000 | ||||||||||||||||||||||
loss on impairment of goodwill and other intangibles | 4,500,000 | |||||||||||||||||||||||
gain on sale of other assets | -6,625,000 | -23,098,000 | ||||||||||||||||||||||
unrealized/realized foreign currency (gain) loss | -8,998,000 | |||||||||||||||||||||||
cumulative foreign currency translation adjustment | 369,000 | |||||||||||||||||||||||
unrealized income on cash flow hedging derivatives | 139,000 | |||||||||||||||||||||||
food, merchandise, and games | 316,386,000 | |||||||||||||||||||||||
net change in fair value of swaps | 9,170,000 | |||||||||||||||||||||||
benefit for taxes | 14,978,000 | |||||||||||||||||||||||
earnings per limited partner unit: | ||||||||||||||||||||||||
weighted-average limited partner units outstanding — basic | 55,186,000 | |||||||||||||||||||||||
net income per limited partner unit — basic | 640 | |||||||||||||||||||||||
weighted-average limited partner units outstanding — diluted | 55,906,000 | |||||||||||||||||||||||
net income per limited partner unit — diluted | 630 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-31 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-31 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows for operating activities | |||||||||||||||||||
net loss | -133,467,000 | 53,564,000 | -134,546,000 | 50,772,000 | -88,509,000 | 147,987,000 | -58,870,000 | -110,416,000 | -132,552,000 | -215,977,000 | |||||||||
adjustments to reconcile net loss to net cash for operating activities: | |||||||||||||||||||
depreciation and amortization | 10,312,000 | 30,284,000 | 65,936,000 | 48,094,000 | 13,681,000 | 26,833,000 | 67,805,000 | 49,037,000 | 9,599,000 | 35,897,000 | 77,461,000 | 33,992,000 | 1,453,000 | 30,102,000 | 67,436,000 | 54,923,000 | 5,088,000 | 32,628,000 | 68,335,000 |
non-cash foreign currency loss on usd notes | 5,227,000 | -4,013,000 | 4,872,000 | -10,578,000 | 3,756,000 | ||||||||||||||
non-cash equity based compensation expense | 5,284,000 | 8,221,000 | 2,567,000 | 5,053,000 | 3,204,000 | 8,225,000 | 3,658,000 | 2,903,000 | 3,638,000 | 5,369,000 | 1,683,000 | 1,302,000 | -4,827,000 | ||||||
non-cash deferred income tax benefit | -5,559,000 | -50,000 | 2,852,000 | -6,047,000 | -12,391,000 | 9,896,000 | -27,727,000 | ||||||||||||
other non-cash expenses | 3,106,000 | 6,386,000 | 4,701,000 | 7,454,000 | 4,287,000 | -20,611,000 | 19,983,000 | 13,743,000 | 3,802,000 | 7,132,000 | 6,543,000 | 3,837,000 | 3,493,000 | 17,988,000 | 3,027,000 | 3,386,000 | 5,995,000 | -10,154,000 | 3,676,000 |
changes in assets and liabilities: | |||||||||||||||||||
decrease in receivables | 17,866,000 | 8,841,000 | 11,586,000 | -45,338,000 | 16,465,000 | 7,020,000 | 23,305,000 | -40,135,000 | 693,000 | -359,000 | -9,569,000 | -18,800,000 | 1,077,000 | 6,017,000 | 10,251,000 | -772,000 | 13,233,000 | ||
decrease in inventories | -11,874,000 | 10,896,000 | 10,840,000 | -8,905,000 | -11,550,000 | 4,366,000 | 6,807,000 | -17,466,000 | -7,107,000 | 4,750,000 | 9,957,000 | 1,141,000 | -464,000 | 3,451,000 | 4,070,000 | -7,922,000 | -14,098,000 | ||
decrease in other assets | -16,949,000 | 8,809,000 | 20,462,000 | -5,992,000 | -10,421,000 | -2,089,000 | 23,929,000 | -3,625,000 | -12,620,000 | -446,000 | 16,408,000 | -12,584,000 | -1,450,000 | 6,678,000 | 961,000 | 3,233,000 | -23,052,000 | ||
increase in accounts payable | 9,218,000 | -19,638,000 | -13,083,000 | 7,939,000 | 9,703,000 | -11,337,000 | -17,106,000 | 24,872,000 | -5,150,000 | 3,202,000 | -2,071,000 | 24,879,000 | 8,505,000 | -6,418,000 | -3,626,000 | -8,513,000 | 8,640,000 | ||
increase in deferred revenue | 41,982,000 | -16,772,000 | -74,123,000 | 73,821,000 | 35,661,000 | -15,235,000 | -118,069,000 | 73,454,000 | 36,173,000 | -13,009,000 | -80,526,000 | 85,635,000 | 11,522,000 | -1,075,000 | -9,043,000 | 6,676,000 | 34,602,000 | ||
increase in accrued interest | 19,010,000 | -16,681,000 | 18,556,000 | -18,720,000 | 17,259,000 | -17,143,000 | 17,942,000 | -19,758,000 | 19,121,000 | -26,892,000 | 24,564,000 | -24,583,000 | 25,200,000 | -17,145,000 | 19,926,000 | 1,874,000 | 7,580,000 | ||
increase in accrued taxes | -30,325,000 | 585,000 | -1,354,000 | -25,093,000 | |||||||||||||||
increase in accrued salaries, wages and benefits | -23,703,000 | -809,000 | 13,930,000 | 230,000 | -29,344,000 | -3,358,000 | 26,512,000 | 6,193,000 | -29,621,000 | -9,809,000 | 35,325,000 | ||||||||
increase in other liabilities | -738,000 | -5,907,000 | -43,000 | 10,023,000 | 3,069,000 | -3,715,000 | 1,990,000 | 10,083,000 | -4,636,000 | -3,672,000 | 3,499,000 | 12,913,000 | -6,353,000 | 5,531,000 | 7,829,000 | -3,010,000 | -12,795,000 | ||
net cash for operating activities | -110,610,000 | -107,143,000 | -95,366,000 | 37,398,000 | -90,379,000 | -105,139,000 | |||||||||||||
cash flows for investing activities | |||||||||||||||||||
capital expenditures | -50,843,000 | -45,085,000 | -34,046,000 | -33,763,000 | |||||||||||||||
free cash flows | -55,186,000 | 271,798,000 | -20,144,000 | 256,692,000 | |||||||||||||||
net cash for investing activities | -57,086,000 | -69,797,000 | -54,697,000 | -61,809,000 | -33,981,000 | -19,635,000 | -14,057,000 | -15,725,000 | -8,361,000 | -2,047,000 | -18,137,000 | -42,605,000 | -58,032,000 | -34,046,000 | -303,934,000 | ||||
cash flows from financing activities | |||||||||||||||||||
net borrowings on revolving credit loans | 158,000,000 | -13,000,000 | 170,000,000 | -35,000,000 | 125,000,000 | 70,000,000 | |||||||||||||
repurchase of limited partnership units | -2,735,000 | -12,038,000 | -7,648,000 | -54,851,000 | -120,713,000 | ||||||||||||||
distributions paid to partners | -15,313,000 | -14,831,000 | -15,305,000 | -15,402,000 | -15,568,000 | -16,325,000 | 0 | 2,000 | 0 | -53,022,000 | -52,966,000 | -52,359,000 | |||||||
payment of debt issuance costs | 0 | -117,000 | -173,000 | -2,353,000 | -55,000 | -1,992,000 | |||||||||||||
payments related to tax withholding for equity compensation | -4,653,000 | 0 | -67,000 | 0 | -2,798,000 | -6,000 | -5,000 | -12,000 | -5,114,000 | -69,000 | -76,000 | -18,000 | -4,489,000 | 0 | -6,000 | 0 | -4,618,000 | -1,000 | -107,000 |
other | -120,000 | 1,140,000 | 0 | -2,000 | -253,000 | -74,000 | -3,000 | -7,000 | -1,980,000 | 712,000 | 192,000 | 33,000 | -1,596,000 | ||||||
net cash from financing activities | 137,914,000 | -36,225,000 | 94,177,000 | -1,997,000 | 431,221,000 | 10,619,000 | |||||||||||||
effect of exchange rate changes on cash and cash equivalents | -578,000 | 2,706,000 | -2,056,000 | 1,361,000 | 36,000 | -6,000 | -4,157,000 | -820,000 | 285,000 | 7,342,000 | 952,000 | -745,000 | -181,000 | 3,391,000 | 260,000 | 746,000 | -3,405,000 | 1,215,000 | -527,000 |
cash and cash equivalents | |||||||||||||||||||
net decrease for the period | -30,360,000 | -67,627,000 | -11,156,000 | -105,006,000 | -155,957,000 | ||||||||||||||
balance, beginning of period | 65,488,000 | 0 | 0 | 101,189,000 | 0 | 0 | 61,119,000 | 0 | 0 | 376,736,000 | 0 | 0 | 182,252,000 | 0 | |||||
balance, end of period | 35,128,000 | 85,215,000 | 15,617,000 | 33,562,000 | 163,451,000 | 74,966,000 | 49,963,000 | 270,065,000 | 20,866,000 | 271,730,000 | -75,665,000 | 274,840,000 | 26,295,000 | -66,626,000 | |||||
supplemental information | |||||||||||||||||||
cash payments for interest | 14,476,000 | 55,191,000 | 14,154,000 | ||||||||||||||||
interest capitalized | 1,281,000 | 1,279,000 | -330,000 | 1,600,000 | 1,747,000 | 693,000 | 664,000 | 860,000 | 608,000 | 284,000 | 307,000 | 591,000 | 559,000 | 692,000 | 538,000 | 958,000 | 465,000 | 477,000 | 700,000 |
net cash payments for income taxes | 2,587,000 | ||||||||||||||||||
capital expenditures in accounts payable | 19,511,000 | 1,893,000 | -9,496,000 | 4,767,000 | 16,274,000 | 2,526,000 | -2,699,000 | -1,705,000 | 16,420,000 | 808,000 | -1,742,000 | 4,901,000 | 3,401,000 | 2,140,000 | -4,701,000 | -5,518,000 | 11,365,000 | 5,370,000 | -1,127,000 |
cash flows from operating activities | |||||||||||||||||||
net income | -9,953,000 | 12,355,000 | -105,453,000 | 2,785,000 | |||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
loss on early debt extinguishment | 0 | 5,905,000 | 0 | 249,000 | 317,000 | ||||||||||||||
non-cash equity-based compensation expense | |||||||||||||||||||
non-cash deferred income tax expense | 12,369,000 | ||||||||||||||||||
net effect of swaps | 0 | -3,700,000 | -7,739,000 | -14,202,000 | -8,418,000 | -3,186,000 | -3,834,000 | -3,562,000 | -1,558,000 | 1,559,000 | 19,779,000 | ||||||||
gain on sale of land before cash closing costs | |||||||||||||||||||
change in operating assets and liabilities: | |||||||||||||||||||
decrease in tax receivable/payable | 956,000 | 29,584,000 | 3,267,000 | -24,169,000 | |||||||||||||||
net cash from operating activities | -4,343,000 | 316,883,000 | 13,902,000 | 290,455,000 | |||||||||||||||
cash flows (for) from investing activities | |||||||||||||||||||
proceeds from sale of land | 0 | ||||||||||||||||||
proceeds from sale of other assets | |||||||||||||||||||
net cash (for) from investing activities | -50,843,000 | ||||||||||||||||||
cash flows for financing activities | |||||||||||||||||||
term debt payments | 0 | -195,250,000 | 0 | 0 | -3,750,000 | 0 | |||||||||||||
note payments, including amounts paid for early termination | |||||||||||||||||||
net cash for financing activities | -16,426,000 | ||||||||||||||||||
net increase for the year | |||||||||||||||||||
balance, beginning of year | |||||||||||||||||||
balance, end of year | |||||||||||||||||||
cash payments for income taxes, net of refunds | -5,741,000 | 1,549,000 | 1,984,000 | 4,000,000 | 10,189,000 | 23,400,000 | |||||||||||||
net increase for the period | 85,215,000 | 163,451,000 | 270,065,000 | -75,665,000 | -66,626,000 | ||||||||||||||
net cash payments for interest | |||||||||||||||||||
net cash payments (refunds) for income taxes | 22,545,000 | 11,412,000 | 5,351,000 | ||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||
cash flows from (for) operating activities | |||||||||||||||||||
adjustments to reconcile net income to net cash from (for) operating activities: | |||||||||||||||||||
loss on impairment of goodwill and other intangibles | 0 | 15,818,000 | 0 | 88,181,000 | |||||||||||||||
net cash from (for) operating activities | -28,902,000 | ||||||||||||||||||
cash flows from (for) investing activities | |||||||||||||||||||
net cash from (for) investing activities | -45,306,000 | ||||||||||||||||||
cash flows (for) from financing activities | |||||||||||||||||||
note borrowings | 300,000,000 | 0 | 0 | 0 | |||||||||||||||
net cash (for) from financing activities | -460,347,000 | 61,000 | -62,000 | -6,085,000 | |||||||||||||||
non-cash foreign currency gain on debt | |||||||||||||||||||
non-cash gain on sale of land | |||||||||||||||||||
decrease in tax receivable/accrual | 43,380,000 | ||||||||||||||||||
proceeds from sale of investment | 0 | 0 | 0 | ||||||||||||||||
net cash payments for interest expense | |||||||||||||||||||
net cash (refunds) payments for income taxes | 320,000 | -330,000 | |||||||||||||||||
adjustments to reconcile net loss to net cash from (for) operating activities: | |||||||||||||||||||
cash flows from (for) financing activities | |||||||||||||||||||
net cash from (for) financing activities | -104,019,000 | 117,906,000 | -56,935,000 | -52,620,000 | |||||||||||||||
cash payments for interest expense | 57,876,000 | 16,469,000 | 18,745,000 | 67,852,000 | 16,085,000 | 17,911,000 | 32,527,000 | 19,342,000 | 5,503,000 | ||||||||||
net cash refunds for income taxes | -68,372,000 | -10,559,000 | |||||||||||||||||
non-cash deferred income tax provision | -13,469,000 | ||||||||||||||||||
decrease in tax receivable | 6,902,000 | -26,510,000 | 29,693,000 | 5,345,000 | -25,130,000 | ||||||||||||||
non-cash foreign currency loss on debt | 7,916,000 | 13,847,000 | -10,342,000 | -5,435,000 | -22,991,000 | -9,308,000 | -12,377,000 | 35,332,000 | |||||||||||
acquisitions, net of cash acquired | 0 | ||||||||||||||||||
payment of debt issuance costs and original issue discount | -450,000 | -100,000 | |||||||||||||||||
decrease in prepaid advertising | -4,084,000 | ||||||||||||||||||
cash flows (for) from operating activities | |||||||||||||||||||
adjustments to reconcile net income to net cash (for) from operating activities: | |||||||||||||||||||
net cash (for) from operating activities | -141,085,000 | -55,791,000 | |||||||||||||||||
exercise of limited partnership unit options | 0 | ||||||||||||||||||
tax effect of units involved in treasury unit transactions | -1,000 | -20,000 | -1,741,000 | 232,000 | -54,000 | ||||||||||||||
adjustments to reconcile net loss to net cash (for) from operating activities: | |||||||||||||||||||
increase in self-insurance reserves | |||||||||||||||||||
term debt borrowings | |||||||||||||||||||
non-cash foreign currency (gain) loss on debt | |||||||||||||||||||
net change in working capital | 14,477,000 | ||||||||||||||||||
net change in other assets/liabilities | 8,492,000 | ||||||||||||||||||
increase in accrued salaries and wages | |||||||||||||||||||
sale of preferred equity investment | |||||||||||||||||||
purchase of identifiable intangible assets | |||||||||||||||||||
proceeds from sale of assets | |||||||||||||||||||
purchase of preferred equity investment | |||||||||||||||||||
note payments, including early termination penalties | |||||||||||||||||||
loss on impairment / retirement of fixed assets | |||||||||||||||||||
gain on sale of other assets | |||||||||||||||||||
amortization of debt issuance costs | |||||||||||||||||||
unrealized foreign currency loss on notes | |||||||||||||||||||
deferred income taxes | |||||||||||||||||||
excess tax benefit from unit-based compensation expense | |||||||||||||||||||
decrease in current assets | |||||||||||||||||||
increase in other current liabilities | |||||||||||||||||||
proceeds from the sale of other assets | |||||||||||||||||||
net (payments) borrowings on revolving credit loans | |||||||||||||||||||
derivative settlement | |||||||||||||||||||
term debt payments, including early termination penalties | |||||||||||||||||||
other non-cash income | |||||||||||||||||||
increase in deferred revenue and other current liabilities | |||||||||||||||||||
sale of other assets | |||||||||||||||||||
net (payments) borrowings on revolving credit loans - previous credit agreement | |||||||||||||||||||
net (payments) borrowings on revolving credit loans - existing credit agreement | |||||||||||||||||||
net change in fair value of swaps | |||||||||||||||||||
other non-cash expense | |||||||||||||||||||
change in assets and liabilities, net of effects from acquisitions: | |||||||||||||||||||
decrease in accounts payable | |||||||||||||||||||
cash flows (for) investing activities | |||||||||||||||||||
acquisition of paramount parks, net of cash acquired | |||||||||||||||||||
sale of canadian real estate | |||||||||||||||||||
net cash (for) investing activities | |||||||||||||||||||
cash flows (for) financing activities | |||||||||||||||||||
net borrowings (payments) on revolving credit loans | |||||||||||||||||||
net cash (for) financing activities | |||||||||||||||||||
cash payments for income taxes |