Consolidating Financial Information of Guarantors and Issuers (Tables)

3 Months Ended

Mar. 29, 2020

Condensed Consolidated Financial Information [Abstract]

Condensed Consolidating Balance Sheet

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 29, 2020

(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	$	—		$	—	$	22,316	$	6,097	$	(2,118	)	$	26,295
Receivables	—			1,383		40,143		1,038,924		(1,054,798		)	25,652
Inventories	—			—		498		6,896		—			7,394
Other current assets	74			18,577		5,279		30,988		(21,300		)	33,618
	74			19,960		68,236		1,082,905		(1,078,216		)	92,959
Property and Equipment, net	—			690		169,548		1,705,875		—			1,876,113
Investment in Park	397,743			1,159,177		289,440		174,148		(2,020,508		)	—
Goodwill	674			—		56,718		217,267		—			274,659
Other Intangibles, net	—			—		12,643		39,015		—			51,658
Deferred Tax Asset	—			43,179		—		—		(43,179		)	—
Right-of-Use Asset	—			—		128		13,560		—			13,688
Other Assets	—			—		4,411		75,995		—			80,406
	$	398,491		$	1,223,006	$	601,124	$	3,308,765	$	(3,141,903	)	$	2,389,483
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—		$	1,313	$	—	$	6,187	$	—		$	7,500
Accounts payable	664,545			393,124		1,660		36,587		(1,056,916		)	39,000
Deferred revenue	—			—		3,430		26,951		—			30,381
Accrued interest	268			179		7,966		20,204		—			28,617
Accrued taxes	1,071			—		—		26,885		(21,300		)	6,656
Accrued salaries, wages and benefits	—			15,682		1,184		—		—			16,866
Self-insurance reserves	—			10,345		1,476		13,306		—			25,127
Other accrued liabilities	6,821			9,404		136		7,331		—			23,692
	672,705			430,047		15,852		137,451		(1,078,216		)	177,839
Deferred Tax Liability	—			—		13,711		88,489		(43,179		)	59,021
Derivative Liability	—			34,298		—		—		—			34,298
Lease Liability	—			—		100		10,210		—			10,310
Other Liabilities	—			546		7,447		156,950		—			164,943
Long-Term Debt:
Revolving credit loans	—			—		—		70,000		—			70,000
Term debt	—			125,478		—		589,207		—			714,685
Notes	—			—		447,194		985,407		—			1,432,601
	—			125,478		447,194		1,644,614		—			2,217,286
Partners' (Deficit) Equity	(274,214		)	632,637		116,820		1,271,051		(2,020,508		)	(274,214		)
	$	398,491		$	1,223,006	$	601,124	$	3,308,765	$	(3,141,903	)	$	2,389,483

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2019

(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	$	—		$	—	$	66,357	$	116,428	$	(533	)	$	182,252
Receivables	—			1,299		35,309		1,077,688		(1,051,190		)	63,106
Inventories	—			—		2,786		30,116		—			32,902
Other current assets	182			1,269		541		13,929		—			15,921
	182			2,568		104,993		1,238,161		(1,051,723		)	294,181
Property and Equipment, net	—			769		183,468		1,657,371		—			1,841,608
Investment in Park	641,068			1,356,149		292,744		246,629		(2,536,590		)	—
Goodwill	674			—		61,382		297,598		—			359,654
Other Intangibles, net	—			—		13,682		46,217		—			59,899
Deferred Tax Asset	—			24,308		—		—		(24,308		)	—
Right-of-Use Asset	—			—		157		14,167		—			14,324
Other Assets	—			—		38		11,441		—			11,479
	$	641,924		$	1,383,794	$	656,464	$	3,511,584	$	(3,612,621	)	$	2,581,145
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—		$	1,313	$	—	$	6,187	$	—		$	7,500
Accounts payable	644,839			407,384		2,799		26,045		(1,051,723		)	29,344
Deferred revenue	—			—		10,930		140,447		—			151,377
Accrued interest	7			5		2,054		19,376		—			21,442
Accrued taxes	448			1,656		2,819		34,314		—			39,237
Accrued salaries, wages and benefits	—			27,080		2,469		—		—			29,549
Self-insurance reserves	—			10,549		1,624		12,492		—			24,665
Other accrued liabilities	6,596			6,389		279		7,760		—			21,024
	651,890			454,376		22,974		246,621		(1,051,723		)	324,138
Deferred Tax Liability	—			—		16,621		89,733		(24,308		)	82,046
Derivative Liability	—			18,108		—		—		—			18,108
Lease Liability	—			—		125		10,475		—			10,600
Other Liabilities	—			935		—		9,401		—			10,336
Long-Term Debt:
Term debt	—			125,425		—		588,725		—			714,150
Notes	—			—		446,781		984,952		—			1,431,733
	—			125,425		446,781		1,573,677		—			2,145,883
Partners' (Deficit) Equity	(9,966		)	784,950		169,963		1,581,677		(2,536,590		)	(9,966		)
	$	641,924		$	1,383,794	$	656,464	$	3,511,584	$	(3,612,621	)	$	2,581,145

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2019

(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	$	—		$	—	$	24,305	$	36,437	$	(470	)	$	60,272
Receivables	—			1,765		33,390		931,790		(922,614		)	44,331
Inventories	—			—		2,553		40,076		—			42,629
Other current assets	73			7,158		10,382		34,569		(13,869		)	38,313
	73			8,923		70,630		1,042,872		(936,953		)	185,545
Property and Equipment, net	—			794		182,520		1,463,440		—			1,646,754
Investment in Park	489,463			1,076,487		257,859		188,484		(2,012,293		)	—
Goodwill	674			—		59,660		119,605		—			179,939
Other Intangibles, net	—			—		13,302		23,340		—			36,642
Deferred Tax Asset	—			18,310		—		—		(18,310		)	—
Right-of-Use Asset	—			—		31		72,563		—			72,594
Other Assets	—			—		37		10,959		—			10,996
	$	490,210		$	1,104,514	$	584,039	$	2,921,263	$	(2,967,556	)	$	2,132,470
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—		$	1,313	$	—	$	6,187	$	—		$	7,500
Accounts payable	593,593			331,881		2,779		42,085		(923,084		)	47,254
Deferred revenue	—			500		11,009		139,827		—			151,336
Accrued interest	4			2		8,033		12,847		—			20,886
Accrued taxes	1,111			—		—		22,641		(13,869		)	9,883
Accrued salaries, wages and benefits	—			13,087		909		—		—			13,996
Self-insurance reserves	—			9,602		1,441		12,536		—			23,579
Other accrued liabilities	3,201			4,297		148		12,099		—			19,745
	597,909			360,682		24,319		248,222		(936,953		)	294,179
Deferred Tax Liability	—			—		13,312		87,516		(18,310		)	82,518
Derivative Liability	1,899			11,184		—		—		—			13,083
Lease Liability	—			—		20		65,379		—			65,399
Other Liabilities	—			547		—		9,767		—			10,314
Long-Term Debt:
Revolving credit loans	—			—		—		120,000		—			120,000
Term debt	—			126,250		—		591,918		—			718,168
Notes	—			—		446,339		492,068		—			938,407
	—			126,250		446,339		1,203,986		—			1,776,575
Partners' (Deficit) Equity	(109,598		)	605,851		100,049		1,306,393		(2,012,293		)	(109,598		)
	$	490,210		$	1,104,514	$	584,039	$	2,921,263	$	(2,967,556	)	$	2,132,470

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 29, 2020

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—		$	—	$	22,316	$	5,962	$	135	$	(2,118	)	$	26,295
Receivables	—			1,383		40,143		20,670		1,018,254		(1,054,798		)	25,652
Inventories	—			—		498		6,235		661		—			7,394
Other current assets	74			18,577		5,279		25,958		5,030		(21,300		)	33,618
	74			19,960		68,236		58,825		1,024,080		(1,078,216		)	92,959
Property and Equipment, net	—			690		169,548		—		1,705,875		—			1,876,113
Investment in Park	397,743			1,159,177		289,440		2,177,030		174,148		(4,197,538		)	—
Goodwill	674			—		56,718		106,050		111,217		—			274,659
Other Intangibles, net	—			—		12,643		—		39,015		—			51,658
Deferred Tax Asset	—			43,179		—		—		—		(43,179		)	—
Right-of-Use Asset	—			—		128		12,988		572		—			13,688
Other Assets	—			—		4,411		54,864		21,131		—			80,406
	$	398,491		$	1,223,006	$	601,124	$	2,409,757	$	3,076,038	$	(5,318,933	)	$	2,389,483
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—		$	1,313	$	—	$	6,187	$	—	$	—		$	7,500
Accounts payable	664,545			393,124		1,660		30,086		6,501		(1,056,916		)	39,000
Deferred revenue	—			—		3,430		25,015		1,936		—			30,381
Accrued interest	268			179		7,966		20,204		—		—			28,617
Accrued taxes	1,071			—		—		7,888		18,997		(21,300		)	6,656
Accrued salaries, wages and benefits	—			15,682		1,184		—		—		—			16,866
Self-insurance reserves	—			10,345		1,476		11,618		1,688		—			25,127
Other accrued liabilities	6,821			9,404		136		5,696		1,635		—			23,692
	672,705			430,047		15,852		106,694		30,757		(1,078,216		)	177,839
Deferred Tax Liability	—			—		13,711		—		88,489		(43,179		)	59,021
Derivative Liability	—			34,298		—		—		—		—			34,298
Lease Liability	—			—		100		9,802		408		—			10,310
Other Liabilities	—			546		7,447		117,309		39,641		—			164,943
Long-Term Debt:
Revolving credit loans	—			—		—		70,000		—		—			70,000
Term debt	—			125,478		—		589,207		—		—			714,685
Notes	—			—		447,194		985,407		—		—			1,432,601
	—			125,478		447,194		1,644,614		—		—			2,217,286
Partners' (Deficit) Equity	(274,214		)	632,637		116,820		531,338		2,916,743		(4,197,538		)	(274,214		)
	$	398,491		$	1,223,006	$	601,124	$	2,409,757	$	3,076,038	$	(5,318,933	)	$	2,389,483

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2019

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—		$	—	$	66,357	$	115,437	$	991	$	(533	)	$	182,252
Receivables	—			1,299		35,309		45,349		1,032,339		(1,051,190		)	63,106
Inventories	—			—		2,786		25,413		4,703		—			32,902
Other current assets	182			1,269		541		12,617		1,312		—			15,921
	182			2,568		104,993		198,816		1,039,345		(1,051,723		)	294,181
Property and Equipment, net	—			769		183,468		—		1,657,371		—			1,841,608
Investment in Park	641,068			1,356,149		292,744		2,141,806		246,629		(4,678,396		)	—
Goodwill	674			—		61,382		186,381		111,217		—			359,654
Other Intangibles, net	—			—		13,682		—		46,217		—			59,899
Deferred Tax Asset	—			24,308		—		—		—		(24,308		)	—
Right-of-Use Asset	—			—		157		13,460		707		—			14,324
Other Assets	—			—		38		2,470		8,971		—			11,479
	$	641,924		$	1,383,794	$	656,464	$	2,542,933	$	3,110,457	$	(5,754,427	)	$	2,581,145
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—		$	1,313	$	—	$	6,187	$	—	$	—		$	7,500
Accounts payable	644,839			407,384		2,799		19,553		6,492		(1,051,723		)	29,344
Deferred revenue	—			—		10,930		112,544		27,903		—			151,377
Accrued interest	7			5		2,054		19,376		—		—			21,442
Accrued taxes	448			1,656		2,819		8,791		25,523		—			39,237
Accrued salaries, wages and benefits	—			27,080		2,469		—		—		—			29,549
Self-insurance reserves	—			10,549		1,624		10,797		1,695		—			24,665
Other accrued liabilities	6,596			6,389		279		5,853		1,907		—			21,024
	651,890			454,376		22,974		183,101		63,520		(1,051,723		)	324,138
Deferred Tax Liability	—			—		16,621		—		89,733		(24,308		)	82,046
Derivative Liability	—			18,108		—		—		—		—			18,108
Lease Liability	—			—		125		10,018		457		—			10,600
Other Liabilities	—			935		—		87		9,314		—			10,336
Long-Term Debt:
Term debt	—			125,425		—		588,725		—		—			714,150
Notes	—			—		446,781		984,952		—		—			1,431,733
	—			125,425		446,781		1,573,677		—		—			2,145,883
Partners' (Deficit) Equity	(9,966		)	784,950		169,963		776,050		2,947,433		(4,678,396		)	(9,966		)
	$	641,924		$	1,383,794	$	656,464	$	2,542,933	$	3,110,457	$	(5,754,427	)	$	2,581,145

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2019

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—		$	—	$	24,305	$	36,256	$	181	$	(470	)	$	60,272
Receivables	—			1,765		33,390		32,871		898,919		(922,614		)	44,331
Inventories	—			—		2,553		32,774		7,302		—			42,629
Other current assets	73			7,158		10,382		28,086		6,483		(13,869		)	38,313
	73			8,923		70,630		129,987		912,885		(936,953		)	185,545
Property and Equipment, net	—			794		182,520		—		1,463,440		—			1,646,754
Investment in Park	489,463			1,076,487		257,859		1,559,883		188,484		(3,572,176		)	—
Goodwill	674			—		59,660		8,388		111,217		—			179,939
Other Intangibles, net	—			—		13,302		—		23,340		—			36,642
Deferred Tax Asset	—			18,310		—		—		—		(18,310		)	—
Right-of-Use Asset	—			—		31		3,479		69,084		—			72,594
Other Assets	—			—		37		1,976		8,983		—			10,996
	$	490,210		$	1,104,514	$	584,039	$	1,703,713	$	2,777,433	$	(4,527,439	)	$	2,132,470
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—		$	1,313	$	—	$	6,187	$	—	$	—		$	7,500
Accounts payable	593,593			331,881		2,779		33,811		8,274		(923,084		)	47,254
Deferred revenue	—			500		11,009		109,806		30,021		—			151,336
Accrued interest	4			2		8,033		12,847		—		—			20,886
Accrued taxes	1,111			—		—		8,231		14,410		(13,869		)	9,883
Accrued salaries, wages and benefits	—			13,087		909		—		—		—			13,996
Self-insurance reserves	—			9,602		1,441		10,640		1,896		—			23,579
Other accrued liabilities	3,201			4,297		148		4,236		7,863		—			19,745
	597,909			360,682		24,319		185,758		62,464		(936,953		)	294,179
Deferred Tax Liability	—			—		13,312		—		87,516		(18,310		)	82,518
Derivative Liability	1,899			11,184		—		—		—		—			13,083
Lease Liability	—			—		20		1,769		63,610		—			65,399
Other Liabilities	—			547		—		87		9,680		—			10,314
Long-Term Debt:
Revolving credit loans	—			—		—		120,000		—		—			120,000
Term debt	—			126,250		—		591,918		—		—			718,168
Notes	—			—		446,339		492,068		—		—			938,407
	—			126,250		446,339		1,203,986		—		—			1,776,575
Partners' (Deficit) Equity	(109,598		)	605,851		100,049		312,113		2,554,163		(3,572,176		)	(109,598		)
	$	490,210		$	1,104,514	$	584,039	$	1,703,713	$	2,777,433	$	(4,527,439	)	$	2,132,470

Condensed Consolidating Statement of Operations

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 29, 2020

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	(50,355	)	$	(49,885	)	$	100		$	33,309		$	120,466		$	53,635
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			3			6,382			—			6,385
Operating expenses	1			53,895			6,046			(74,040		)	120,466			106,368
Selling, general and administrative	(362		)	8,851			1,017			15,303			—			24,809
Depreciation and amortization	—			8			35			5,045			—			5,088
Loss on impairment / retirement of fixed assets, net	—			—			1,536			5,231			—			6,767
Loss on impairment of goodwill and other intangibles	—			—			—			88,181			—			88,181
	(361		)	62,754			8,637			46,102			120,466			237,598
Operating loss	(49,994		)	(112,639		)	(8,537		)	(12,793		)	—			(183,963		)
Interest expense, net	6,030			4,769			5,897			10,175			—			26,871
Net effect of swaps	2,154			17,625			—			—			—			19,779
Loss on foreign currency	—			7			34,195			—			—			34,202
Other expense (income)	59			(8,200		)	(152		)	8,462			—			169
Loss from investment in affiliates	157,190			69,205			3,304			49,048			(278,747		)	—
Loss before taxes	(215,427		)	(196,045		)	(51,781		)	(80,478		)	278,747			(264,984		)
Provision (benefit) for taxes	550			(38,857		)	(2,730		)	(7,970		)	—			(49,007		)
Net loss	$	(215,977	)	$	(157,188	)	$	(49,051	)	$	(72,508	)	$	278,747		$	(215,977	)
Other comprehensive income, (net of tax):
Foreign currency translation adjustment	15,905			—			15,905			—			(15,905		)	15,905
Other comprehensive income, (net of tax)	15,905			—			15,905			—			(15,905		)	15,905
Total comprehensive loss	$	(200,072	)	$	(157,188	)	$	(33,146	)	$	(72,508	)	$	262,842		$	(200,072	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2019

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	(15,642	)	$	3,285		$	296		$	59,905		$	19,133		$	66,977
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			52			7,597			—			7,649
Operating expenses	—			48,172			5,711			25,189			19,133			98,205
Selling, general and administrative	1,439			14,552			1,018			14,657			—			31,666
Depreciation and amortization	—			8			—			13,581			—			13,589
Loss on impairment / retirement of fixed assets, net	—			—			10			1,414			—			1,424
Gain on sale of investment	—			(617		)	—			—			—			(617		)
	1,439			62,115			6,791			62,438			19,133			151,916
Operating loss	(17,081		)	(58,830		)	(6,495		)	(2,533		)	—			(84,939		)
Interest expense, net	6,391			5,030			5,713			3,553			—			20,687
Net effect of swaps	991			5,388			—			—			—			6,379
Gain on foreign currency	—			(11		)	(8,658		)	—			—			(8,669		)
Other expense (income)	59			(11,506		)	1,099			10,670			—			322
Loss from investment in affiliates	58,449			14,659			4,603			6,190			(83,901		)	—
Loss before taxes	(82,971		)	(72,390		)	(9,252		)	(22,946		)	83,901			(103,658		)
Provision (benefit) for taxes	702			(13,939		)	(3,059		)	(3,689		)	—			(19,985		)
Net loss	$	(83,673	)	$	(58,451	)	$	(6,193	)	$	(19,257	)	$	83,901		$	(83,673	)
Other comprehensive loss, (net of tax):
Foreign currency translation adjustment	(3,050		)	—			(3,050		)	—			3,050			(3,050		)
Other comprehensive loss, (net of tax)	(3,050		)	—			(3,050		)	—			3,050			(3,050		)
Total comprehensive loss	$	(86,723	)	$	(58,451	)	$	(9,243	)	$	(19,257	)	$	86,951		$	(86,723	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 29, 2020

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Co-Issuer Subsidiary (Millennium)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	(50,355	)	$	(49,885	)	$	100		$	46,355		$	(10,356	)	$	117,776		$	53,635
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			3			6,259			123			—			6,385
Operating expenses	1			53,895			6,046			(74,016		)	2,666			117,776			106,368
Selling, general and administrative	(362		)	8,851			1,017			14,664			639			—			24,809
Depreciation and amortization	—			8			35			—			5,045			—			5,088
Loss on impairment / retirement of fixed assets, net	—			—			1,536			441			4,790			—			6,767
Loss on impairment of goodwill and other intangibles	—			—			—			80,331			7,850			—			88,181
	(361		)	62,754			8,637			27,679			21,113			117,776			237,598
Operating (loss) income	(49,994		)	(112,639		)	(8,537		)	18,676			(31,469		)	—			(183,963		)
Interest expense (income), net	6,030			4,769			5,897			18,676			(8,501		)	—			26,871
Net effect of swaps	2,154			17,625			—			—			—			—			19,779
Loss on foreign currency	—			7			34,195			—			—			—			34,202
Other expense (income)	59			(8,200		)	(152		)	—			8,462			—			169
Loss from investment in affiliates	157,190			69,205			3,304			—			49,048			(278,747		)	—
Loss before taxes	(215,427		)	(196,045		)	(51,781		)	—			(80,478		)	278,747			(264,984		)
Provision (benefit) for taxes	550			(38,857		)	(2,730		)	—			(7,970		)	—			(49,007		)
Net loss	$	(215,977	)	$	(157,188	)	$	(49,051	)	$	—		$	(72,508	)	$	278,747		$	(215,977	)
Other comprehensive income, (net of tax):
Foreign currency translation adjustment	15,905			—			15,905			—			—			(15,905		)	15,905
Other comprehensive income, (net of tax)	15,905			—			15,905			—			—			(15,905		)	15,905
Total comprehensive loss	$	(200,072	)	$	(157,188	)	$	(33,146	)	$	—		$	(72,508	)	$	262,842		$	(200,072	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2019

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	(15,642	)	$	3,285		$	296		$	64,587	$	8,717		$	5,734		$	66,977
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			52			7,241		356			—			7,649
Operating expenses	—			48,172			5,711			29,551		9,037			5,734			98,205
Selling, general and administrative	1,439			14,552			1,018			13,562		1,095			—			31,666
Depreciation and amortization	—			8			—			—		13,581			—			13,589
Loss on impairment / retirement of fixed assets, net	—			—			10			386		1,028			—			1,424
Gain on sale of investment	—			(617		)	—			—		—			—			(617		)
	1,439			62,115			6,791			50,740		25,097			5,734			151,916
Operating (loss) income	(17,081		)	(58,830		)	(6,495		)	13,847		(16,380		)	—			(84,939		)
Interest expense (income), net	6,391			5,030			5,713			13,384		(9,831		)	—			20,687
Net effect of swaps	991			5,388			—			—		—			—			6,379
Gain on foreign currency	—			(11		)	(8,658		)	—		—			—			(8,669		)
Other expense (income)	59			(11,506		)	1,099			—		10,670			—			322
Loss from investment in affiliates	58,449			14,659			4,603			—		6,190			(83,901		)	—
(Loss) income before taxes	(82,971		)	(72,390		)	(9,252		)	463		(23,409		)	83,901			(103,658		)
Provision (benefit) for taxes	702			(13,939		)	(3,059		)	463		(4,152		)	—			(19,985		)
Net loss	$	(83,673	)	$	(58,451	)	$	(6,193	)	$	—	$	(19,257	)	$	83,901		$	(83,673	)
Other comprehensive loss, (net of tax):
Foreign currency translation adjustment	(3,050		)	—			(3,050		)	—		—			3,050			(3,050		)
Other comprehensive loss, (net of tax)	(3,050		)	—			(3,050		)	—		—			3,050			(3,050		)
Total comprehensive loss	$	(86,723	)	$	(58,451	)	$	(9,243	)	$	—	$	(19,257	)	$	86,951		$	(86,723	)

Condensed Consolidating Statement of Cash Flows

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 29, 2020

(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	$	33,452		$	9,386		$	(19,350	)	$	(126,885	)	$	(1,742	)	$	(105,139	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			—			—			3,370			(3,370		)	—
Proceeds from returns on investments	—			20,000			—			—			(20,000		)	—
Capital expenditures	—			70			(1,286		)	(56,816		)	—			(58,032		)
Net cash from (for) investing activities	—			20,070			(1,286		)	(53,446		)	(23,370		)	(58,032		)
CASH FLOWS (FOR) FROM FINANCING ACTIVITIES
Intercompany payables (payments) receipts	19,727			(23,097		)	—			—			3,370			—
Payments for returns of capital	—			—			(20,000		)	—			20,000			—
Net borrowings on revolving credit loans	—			—			—			70,000			—			70,000
Distributions paid to partners	(53,179		)	—			—			—			157			(53,022		)
Tax effect of units involved in treasury unit transactions	—			(1,741		)	—			—			—			(1,741		)
Payments related to tax withholding for equity compensation	—			(4,618		)	—			—			—			(4,618		)
Net cash (for) from financing activities	(33,452		)	(29,456		)	(20,000		)	70,000			23,527			10,619
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(3,405		)	—			—			(3,405		)
CASH AND CASH EQUIVALENTS
Net decrease for the period	—			—			(44,041		)	(110,331		)	(1,585		)	(155,957		)
Balance, beginning of period	—			—			66,357			116,428			(533		)	182,252
Balance, end of period	$	—		$	—		$	22,316		$	6,097		$	(2,118	)	$	26,295

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2019

(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	$	24,410		$	(6,580	)	$	(6,077	)	$	(68,489	)	$	(6	)	$	(56,742	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			—			—			(1,585		)	1,585			—
Proceeds from returns on investments	—			38,030			—			—			(38,030		)	—
Capital expenditures	—			—			(7,193		)	(46,204		)	—			(53,397		)
Proceeds from sale of investment	—			617			—			—			—			617
Net cash from (for) investing activities	—			38,647			(7,193		)	(47,789		)	(36,445		)	(52,780		)
CASH FLOWS (FOR) FROM FINANCING ACTIVITIES
Intercompany payables (payments) receipts	28,152			(26,567		)	—			—			(1,585		)	—
Payments for returns of capital	—			—			(38,030		)	—			38,030			—
Net borrowings on revolving credit loans	—			—			—			120,000			—			120,000
Distributions paid to partners	(52,562		)	—			—			—			228			(52,334		)
Tax effect of units involved in treasury unit transactions	—			(1,421		)	—			—			—			(1,421		)
Payments related to tax withholding for equity compensation	—			(4,079		)	—			—			—			(4,079		)
Net cash (for) from financing activities	(24,410		)	(32,067		)	(38,030		)	120,000			36,673			62,166
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			2,279			—			—			2,279
CASH AND CASH EQUIVALENTS
Net (decrease) increase for the period	—			—			(49,021		)	3,722			222			(45,077		)
Balance, beginning of period	—			—			73,326			32,715			(692		)	105,349
Balance, end of period	$	—		$	—		$	24,305		$	36,437		$	(470	)	$	60,272

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 29, 2020

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Co-Issuer Subsidiary (Millennium)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	33,452		$	9,386		$	(19,350	)	$	(140,331	)	$	13,446		$	(1,742	)	$	(105,139	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			—			—			—			3,370			(3,370		)	—
Proceeds from returns on investments	—			20,000			—			—			—			(20,000		)	—
Capital expenditures	—			70			(1,286		)	(39,144		)	(17,672		)	—			(58,032		)
Net cash from (for) investing activities	—			20,070			(1,286		)	(39,144		)	(14,302		)	(23,370		)	(58,032		)
CASH FLOWS (FOR) FROM FINANCING ACTIVITIES
Intercompany payables (payments) receipts	19,727			(23,097		)	—			—			—			3,370			—
Payments for returns of capital	—			—			(20,000		)	—			—			20,000			—
Net borrowings on revolving credit loans	—			—			—			70,000			—			—			70,000
Distributions paid to partners	(53,179		)	—			—			—			—			157			(53,022		)
Tax effect of units involved in treasury unit transactions	—			(1,741		)	—			—			—			—			(1,741		)
Payments related to tax withholding for equity compensation	—			(4,618		)	—			—			—			—			(4,618		)
Net cash (for) from financing activities	(33,452		)	(29,456		)	(20,000		)	70,000			—			23,527			10,619
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(3,405		)	—			—			—			(3,405		)
CASH AND CASH EQUIVALENTS
Net decrease for the period	—			—			(44,041		)	(109,475		)	(856		)	(1,585		)	(155,957		)
Balance, beginning of period	—			—			66,357			115,437			991			(533		)	182,252
Balance, end of period	$	—		$	—		$	22,316		$	5,962		$	135		$	(2,118	)	$	26,295

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2019

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Co-Issuer Subsidiary (Millennium)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	24,410		$	(6,580	)	$	(6,077	)	$	(76,937	)	$	8,448		$	(6	)	$	(56,742	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			—			—			—			(1,585		)	1,585			—
Proceeds from returns on investments	—			38,030			—			—			—			(38,030		)	—
Capital expenditures	—			—			(7,193		)	(37,470		)	(8,734		)	—			(53,397		)
Proceeds from sale of investment	—			617			—			—			—			—			617
Net cash from (for) investing activities	—			38,647			(7,193		)	(37,470		)	(10,319		)	(36,445		)	(52,780		)
CASH FLOWS (FOR) FROM FINANCING ACTIVITIES
Intercompany payables (payments) receipts	28,152			(26,567		)	—			—			—			(1,585		)	—
Payments for returns of capital	—			—			(38,030		)	—			—			38,030			—
Net borrowings on revolving credit loans	—			—			—			120,000			—			—			120,000
Distributions paid to partners	(52,562		)	—			—			—			—			228			(52,334		)
Tax effect of units involved in treasury unit transactions	—			(1,421		)	—			—			—			—			(1,421		)
Payments related to tax withholding for equity compensation	—			(4,079		)	—			—			—			—			(4,079		)
Net cash (for) from financing activities	(24,410		)	(32,067		)	(38,030		)	120,000			—			36,673			62,166
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			2,279			—			—			—			2,279
CASH AND CASH EQUIVALENTS
Net (decrease) increase for the period	—			—			(49,021		)	5,593			(1,871		)	222			(45,077		)
Balance, beginning of period	—			—			73,326			30,663			2,052			(692		)	105,349
Balance, end of period	$	—		$	—		$	24,305		$	36,256		$	181		$	(470	)	$	60,272