Consolidating Financial Information of Guarantors and Issuers

3 Months Ended

Mar. 30, 2014

Condensed Consolidated Financial Information [Abstract]

Consolidating Financial Information of Guarantors and Issuers

Consolidating Financial Information of Guarantors and Issuers:

Cedar Fair, L.P., Canada's Wonderland Company ("Cedar Canada"), and Magnum Management Corporation ("Magnum") are the co-issuers of the Partnership's 9.125% notes and the 5.25% notes (see Note 5). The notes have been fully and unconditionally guaranteed, on a joint and several basis, by each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum) that guarantees the Partnership's senior secured credit facilities. There are no non-guarantor subsidiaries.

The following consolidating schedules present condensed financial information for Cedar Fair, L.P., Cedar Canada, and Magnum, the co-issuers, and each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum), the guarantors (on a combined basis), as of March 30, 2014, December 31, 2013, and March 31, 2013 and for the three and twelve month periods ended March 30, 2014 and March 31, 2013. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has included the accompanying condensed consolidating financial statements.

The Partnership adopted ASU 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date" as of January 1, 2014. The debt disclosed on the unaudited balance sheets as of March 31, 2014, December 31, 2013 and March 31, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and March 31, 2013, the debt disclosed and related items have been adjusted to reflect only the amounts of debt Cedar Fair, L.P, Cedar Canada, and Magnum have recorded on their books.

In addition to making the retrospective adjustments to the balance sheets related to the adoption of ASU 2013-14, the Unaudited Condensed Consolidating Statements of Cash Flows for the three and twelve month periods ended March 31, 2013 have been revised to correct the presentation of income from investments in affiliates and other intercompany transactions as an adjustment to cash flows from operating activities. We previously reported the following amounts as cash flows from (for) investing activities.

(in thousands)	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Three months ended March 31, 2013
Investment in joint ventures and affiliates	$	65,636	$	58,171		$	(2,442	)	$	32,098	$	(153,463	)	$	—
Twelve months ended March 31, 2013
Investment in joint ventures and affiliates	43,043		(49,642		)	(2,479		)	4,568		4,510			—

In addition, the Unaudited Condensed Consolidating Statement of Cash Flows for the twelve month period ended March 31, 2013 has been revised to correct the presentation of cash received by a co-issuer subsidiary (Magnum), related to intercompany term debt as cash flows from investing activities. We previously reported an $104.2 million intercompany term debt receipt as cash flows from financing activities.

These revisions had no effect on the Partnership's Unaudited Condensed Consolidated Balance Sheets, Statements of Operations and Comprehensive Income, Statements of Partner's Equity, or Statements of Cash Flows.

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	571	$	3,524	$	4,772	$	—		$	8,867
Receivables	59		96,547		76,669		530,662		(684,307		)	19,630
Inventories	—		3,794		2,841		31,629		—			38,264
Current deferred tax asset	—		22,409		800		3,444		—			26,653
Other current assets	325		10,578		5,589		15,891		(2,363		)	30,020
	384		133,899		89,423		586,398		(686,670		)	123,434
Property and Equipment (net)	455,780		8,110		240,175		829,897		—			1,533,962
Investment in Park	443,179		744,425		138,604		35,052		(1,361,260		)	—
Goodwill	9,061		—		113,249		111,218		—			233,528
Other Intangibles, net	—		—		16,037		22,883		—			38,920
Deferred Tax Asset	—		30,296		—		117		(30,413		)	—
Intercompany Receivable	—		—		—		—		—			—
Other Assets	12,213		22,179		6,087		2,912		—			43,391
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	827	$	590	$	33	$	—	$	—		$	1,450
Accounts payable	173,364		230,516		10,818		314,637		(684,307		)	45,028
Deferred revenue	—		85		4,048		66,015		—			70,148
Accrued interest	2,580		1,567		5,926		—		—			10,073
Accrued taxes	4,757		849		—		3,209		(2,363		)	6,452
Accrued salaries, wages and benefits	—		18,183		503		5,833		—			24,519
Self-insurance reserves	—		5,431		1,664		15,601		—			22,696
Other accrued liabilities	280		3,086		125		1,405		—			4,896
	181,808		260,307		23,117		406,700		(686,670		)	185,262
Deferred Tax Liability	—		—		56,045		131,649		(30,413		)	157,281
Derivative Liability	16,281		11,508		—		—		—			27,789
Other Liabilities	—		4,358		—		3,397		—			7,755
Long-Term Debt:
Revolving credit loans	55,000		—		—		—		—			55,000
Term debt	351,840		251,371		14,189		—		—			617,400
Notes	294,897		205,103		401,957		—		—			901,957
	701,737		456,474		416,146		—		—			1,574,357
Equity	20,791		206,262		108,267		1,046,731		(1,361,260		)	20,791
	$	920,617	$	938,909	$	603,575	$	1,588,477	$	(2,078,343	)	$	1,973,235

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	75,000	$	4,144	$	35,575	$	3,337	$	—		$	118,056
Receivables	6		115,972		67,829		552,633		(715,107		)	21,333
Inventories	—		1,968		1,898		22,214		—			26,080
Current deferred tax asset	—		5,430		800		3,445		—			9,675
Other current assets	599		4,443		14,266		7,764		(15,719		)	11,353
	75,605		131,957		120,368		589,393		(730,826		)	186,497
Property and Equipment (net)	447,724		976		243,208		813,855		—			1,505,763
Investment in Park	514,948		796,735		142,668		63,948		(1,518,299		)	—
Goodwill	9,061		—		117,810		111,218		—			238,089
Other Intangibles, net	—		—		16,683		22,788		—			39,471
Deferred Tax Asset	—		31,122		—		117		(31,239		)	—
Other Assets	25,210		10,002		6,657		2,938		—			44,807
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	259,850	$	188,818	$	17,632	$	262,029	$	(715,107	)	$	13,222
Deferred revenue	—		—		2,815		41,706		—			44,521
Accrued interest	4,637		3,223		15,341		—		—			23,201
Accrued taxes	4,609		—		—		30,591		(15,719		)	19,481
Accrued salaries, wages and benefits	—		21,596		1,101		6,503		—			29,200
Self-insurance reserves	—		5,757		1,742		16,154		—			23,653
Other accrued liabilities	1,146		2,993		181		1,201		—			5,521
	270,242		222,387		38,812		358,184		(730,826		)	158,799
Deferred Tax Liability	—		—		57,704		131,648		(31,239		)	158,113
Derivative Liability	15,610		11,052		—		—		—			26,662
Other Liabilities	—		7,858		—		3,432		—			11,290
Long-Term Debt:
Term debt	352,668		251,961		14,221		—		—			618,850
Notes	294,897		205,103		401,782		—		—			901,782
	647,565		457,064		416,003		—		—			1,520,632
Equity	139,131		272,431		134,875		1,110,993		(1,518,299		)	139,131
	$	1,072,548	$	970,792	$	647,394	$	1,604,257	$	(2,280,364	)	$	2,014,627

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,332	$	2,823	$	145	$	—	$	—		$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	113,809		243,522		19,949		372,301		(570,709		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		—		—		—		—			96,000
Term debt	355,690		253,677		14,333		—		—			623,700
Notes	294,897		205,103		401,255		—		—			901,255
	746,587		458,780		415,588		—		—			1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	901,516	$	885,219	$	603,552	$	1,501,662	$	(1,876,293	)	$	2,015,656

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,755		$	8,679		$	151		$	40,312		$	(13,431	)	$	40,466
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			1			4,984			—			4,985
Operating expenses	1,348			22,462			6,937			63,034			(13,431		)	80,350
Selling, general and administrative	1,396			16,672			873			2,463			—			21,404
Depreciation and amortization	474			9			—			3,824			—			4,307
Gain on sale of other assets	—			—			—			—			—			—
Loss on impairment / retirement of fixed assets, net	249			—			—			748			—			997
	3,467			39,143			7,811			75,053			(13,431		)	112,043
Operating income	1,288			(30,464		)	(7,660		)	(34,741		)	—			(71,577		)
Interest expense (income), net	10,199			7,011			9,468			(2,019		)	—			24,659
Net effect of swaps	194			177			—			—			—			371
Unrealized / realized foreign currency gain	—			—			17,184			—			—			17,184
Other (income) expense	187			(3,274		)	374			2,713			—			—
Loss from investment in affiliates	73,588			47,143			4,064			28,244			(153,039		)	—
Loss before taxes	(82,880		)	(81,521		)	(38,750		)	(63,679		)	153,039			(113,791		)
Provision (benefit) for taxes	660			(10,422		)	(10,506		)	(9,983		)	—			(30,251		)
Net loss	$	(83,540	)	$	(71,099	)	$	(28,244	)	$	(53,696	)	$	153,039		$	(83,540	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,621			—			1,621			—			(1,621		)	1,621
Unrealized income (loss) on cash flow hedging derivatives	(650		)	(173		)	—			—			173			(650		)
Other comprehensive income (loss), (net of tax)	971			(173		)	1,621			—			(1,448		)	971
Total Comprehensive Income	$	(82,569	)	$	(71,272	)	$	(26,623	)	$	(53,696	)	$	151,591		$	(82,569	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,317		$	8,371		$	289		$	41,510		$	(12,688	)	$	41,799
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			—			5,037			—			5,037
Operating expenses	1,423			21,606			5,941			60,375			(12,688		)	76,657
Selling, general and administrative	1,292			16,613			711			2,423			—			21,039
Depreciation and amortization	475			9			—			4,302			—			4,786
Loss on impairment / retirement of fixed assets, net	36			—			478			86			—			600
	3,226			38,228			7,130			72,223			(12,688		)	108,119
Operating income	1,091			(29,857		)	(6,841		)	(30,713		)	—			(66,320		)
Interest expense, net	10,512			7,677			9,764			(2,230		)	—			25,723
Net effect of swaps	5,635			3,576			—			—			—			9,211
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency gain	—			—			8,958			—			—			8,958
Other (income) expense	188			(2,388		)	800			1,400			—			—
Loss from investment in affiliates	72,096			35,640			3,520			21,227			(132,483		)	—
Loss before taxes	(108,515		)	(87,143		)	(30,500		)	(51,110		)	132,483			(144,785		)
Provision (benefit) for taxes	611			(17,665		)	(9,254		)	(9,351		)	—			(35,659		)
Net loss	$	(109,126	)	$	(69,478	)	$	(21,246	)	$	(41,759	)	$	132,483		$	(109,126	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301			—			301			—			(301		)	301
Unrealized income (loss) on cash flow hedging derivatives	8,885			2,535			—			—			(2,535		)	8,885
Other comprehensive income (loss), (net of tax)	9,186			2,535			301			—			(2,836		)	9,186
Total Comprehensive Income	$	(99,940	)	$	(66,943	)	$	(20,945	)	$	(41,759	)	$	129,647		$	(99,940	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,907		$	296,385		$	127,554		$	1,005,271		$	(448,878	)	$	1,133,239
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,323			82,397			—			91,720
Operating expenses	5,928			184,460			48,766			685,761			(448,878		)	476,037
Selling, general and administrative	5,821			100,884			11,146			34,926			—			152,777
Depreciation and amortization	36,806			37			17,333			67,832			—			122,008
(Gain) on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	637			—			1			2,298			—			2,936
	49,192			285,381			86,569			864,471			(448,878		)	836,735
Operating income	103,715			11,004			40,985			140,800			—			296,504
Interest (income) expense, net	42,317			28,209			39,080			(7,753		)	—			101,853
Net effect of swaps	(1,251		)	(706		)	—			—			—			(1,957		)
Loss on early debt extinguishment	—			—			—			—			—			—
Unrealized / realized foreign currency loss	—			—			37,167			—			—			37,167
Other (income) expense	749			(12,143		)	3,253			8,141			—			—
Income (loss) from investment in affiliates	(82,065		)	(26,017		)	(16,894		)	9,494			115,482			—
Income (loss) before taxes	143,965			21,661			(21,621		)	130,918			(115,482		)	159,441
Provision (benefit) for taxes	10,175			(4,890		)	(12,108		)	32,474			—			25,651
Net income (loss)	$	133,790		$	26,551		$	(9,513	)	$	98,444		$	(115,482	)	$	133,790
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	4,076			—			4,076			—			(4,076		)	4,076
Unrealized income on cash flow hedging derivatives	1,201			140			—			—			(140		)	1,201
Other comprehensive income, (net of tax)	5,277			140			4,076			—			(4,216		)	5,277
Total Comprehensive Income	$	139,067		$	26,691		$	(5,437	)	$	98,444		$	(119,698	)	$	139,067

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,576		$	263,930		$	140,441		$	941,246		$	(412,138	)	$	1,082,055
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			10,316			85,682			—			95,998
Operating expenses	5,468			177,526			48,147			637,772			(412,138		)	456,775
Selling, general and administrative	6,455			89,532			11,086			34,293			—			141,366
Depreciation and amortization	37,439			40			18,199			71,335			—			127,013
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss (gain) on impairment / retirement of fixed assets, net	25,089			—			474			5,281			—			30,844
	74,451			267,098			88,222			827,738			(412,138		)	845,371
Operating income (loss)	74,125			(3,168		)	52,219			113,508			—			236,684
Interest expense, net	47,879			30,390			40,231			(9,013		)	—			109,487
Net effect of swaps	5,324			3,365			—			—			—			8,689
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency gain	—			—			8,152			—			—			8,152
Other (income) expense	750			(8,860		)	2,623			5,487			—			—
Income (loss) from investment in affiliates	(68,417		)	(53,593		)	(14,307		)	(18,503		)	154,820			—
Income before taxes	67,414			12,749			14,903			135,537			(154,820		)	75,783
Provision (benefit) for taxes	9,269			(15,849		)	(3,507		)	27,725			—			17,638
Net income	$	58,145		$	28,598		$	18,410		$	107,812		$	(154,820	)	$	58,145
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,839			—			1,839			—			(1,839		)	1,839
Unrealized income (loss) on cash flow hedging derivatives	8,685			2,551			—			—			(2,551		)	8,685
Other comprehensive income (loss), (net of tax)	10,524			2,551			1,839			—			(4,390		)	10,524
Total Comprehensive Income	$	68,669		$	31,149		$	20,249		$	107,812		$	(159,210	)	$	68,669

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	(73,627	)	$	(3,001	)	$	(26,042	)	$	20,317		$	(903	)	$	(83,256	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
Net cash from investing activities	(16,379		)	(4		)	(5,077		)	(18,882		)	—			(40,342		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	55,000			—			—			—			—			55,000
Distributions paid	(39,994		)	—			—			—			903			(39,091		)
Excess tax benefit from unit-based compensation expense	—			(568		)	—			—			—			(568		)
Net cash (for) financing activities	15,006			(568		)	—			—			903			15,341
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(932		)	—			—			(932		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(3,573		)	(32,051		)	1,435			—			(109,189		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)				Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations		Total
NET CASH FROM OPERATING ACTIVITIES	$	(52,034	)	$	8,508			$	(44,472	)	$	19,331		$	—	$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
Net cash (for) investing activities	(17,866		)	—				(600		)	(17,363		)	—		(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	96,000			—				—			—			—		96,000
Term debt borrowings	359,022			256,500			—	14,478			—			—		630,000
Note borrowings	294,897			205,103				—			—			—		500,000
Payment of debt issuance costs	(14,763		)	(8,538		)		(190		)	—			—		(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)		(14,478		)	—			—		(1,131,100		)
Distributions paid	(35,688		)	868				—			—			—		(34,820		)
Exercise of limited partnership unit options	—			28				—			—			—		28
Excess tax benefit from unit-based compensation expense	—			(127		)		—			—			—		(127		)
Net cash from (for) financing activities	44,900			(8,220		)		(190		)	—			—		36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(786		)	—			—		(786		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	288				(46,048		)	1,968			—		(68,792		)
Balance, beginning of period	25,000			444				50,173			3,213			—		78,830
Balance, end of period	$	—		$	732			$	4,125		$	5,181		$	—	$	10,038

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 30, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM OPERATING ACTIVITIES	$	253,410		$	3,318		$	15,737		$	40,148		$	(3,531	)	$	309,082
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(54,767		)	(4		)	(14,201		)	(55,854		)	—			(124,826		)
Net cash (for) investing activities	(54,767		)	(4		)	(14,201		)	(40,557		)	—			(109,529		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(41,000		)	—			—			—			—			(41,000		)
Term debt payments, including early termination penalties	(6,612		)	(4,281		)	(257		)	—			—			(11,150		)
Distributions paid	(151,259		)	—			—			—			3,531			(147,728		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Payment of debt issuance costs	228			368			(354		)	—			—			242
Excess tax benefit from unit-based compensation expense	—			414			—			—			—			414
Net cash (for) financing activities	(198,643		)	(3,475		)	(611		)	—			3,531			(199,198		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,526		)	—			—			(1,526		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(161		)	(601		)	(409		)	—			(1,171		)
Balance, beginning of period	—			732			4,125			5,181			—			10,038
Balance, end of period	$	—		$	571		$	3,524		$	4,772		$	—		$	8,867

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	231,264		$	(87,117	)	$	14,067		$	139,733		$	—		$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			104,165			—			—			(104,165		)	—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash (for) investing activities	(41,983		)	104,157			(8,023		)	(37,190		)	(104,165		)	(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(57,000		)	—			(2,004		)	—			—			(59,004		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(104,165		)	104,165			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions paid	(102,402		)	920			—			—			—			(101,482		)
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	(16,705		)	(2,515		)	(104,165		)	104,165			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038