Consolidating Financial Information of Guarantors and Issuers

9 Months Ended

Sep. 29, 2013

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 September 29, 2013, December 31, 2012, and September 30, 2012 and for the three, nine and twelve month periods ended September 29, 2013 and September 30, 2012. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has included the accompanying condensed consolidating financial statements.

Since Cedar Fair, L.P., Cedar Canada and Magnum are co-issuers of the notes and co-borrowers under the 2013 Credit Agreement, all outstanding debt has been equally reflected within each co-issuer's September 29, 2013, December 31, 2012 and September 30, 2012 balance sheets in the accompanying condensed consolidating financial statements.

The consolidating financial information has been corrected for the information described in Note 11.

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 29, 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	$	133,000	$	2,293	$	36,187	$	12,002	$	—		$	183,482
Receivables	12		124,478		70,303		589,797		(742,056		)	42,534
Inventories	—		1,578		2,090		25,648		—			29,316
Current deferred tax asset	—		3,708		816		3,661		—			8,185
Income tax refundable	—		—		662		—		—			662
Other current assets	995		3,558		613		3,798		—			8,964
	134,007		135,615		110,671		634,906		(742,056		)	273,143
Property and Equipment (net)	450,205		985		248,484		815,000		—			1,514,674
Investment in Park	548,241		824,356		143,548		81,719		(1,597,864		)	—
Goodwill	9,061		—		121,657		111,218		—			241,936
Other Intangibles, net	—		—		17,228		22,797		—			40,025
Deferred Tax Asset	—		30,316		—		90		(30,406		)	—
Intercompany Receivable	877,010		1,069,069		1,113,983		—		(3,060,062		)	—
Other Assets	13,196		9,031		6,902		2,140		—			31,269
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	281,983		159,781		7,802		314,367		(742,056		)	21,877
Deferred revenue	—		—		1,951		35,676		—			37,627
Accrued interest	2,677		1,593		5,983		—		—			10,253
Accrued taxes	5,413		29,386		—		4,594		—			39,393
Accrued salaries, wages and benefits	1		27,622		2,154		9,844		—			39,621
Self-insurance reserves	—		5,545		1,896		16,647		—			24,088
Other accrued liabilities	991		4,077		694		1,856		—			7,618
	297,365		234,304		26,780		382,984		(754,656		)	186,777
Deferred Tax Liability	—		—		61,143		126,866		(30,406		)	157,603
Derivative Liability	18,407		13,239		—		—		—			31,646
Other Liabilities	—		5,573		—		3,500		—			9,073
Long-Term Debt:
Term debt	622,125		622,125		622,125		—		(1,244,250		)	622,125
Notes	901,606		901,606		901,606		—		(1,803,212		)	901,606
	1,523,731		1,523,731		1,523,731		—		(3,047,462		)	1,523,731
Equity	192,217		292,525		150,819		1,154,520		(1,597,864		)	192,217
	$	2,031,720	$	2,069,372	$	1,762,473	$	1,667,870	$	(5,430,388	)	$	2,101,047

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

(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	$	25,000	$	444	$	50,173	$	3,213	$	—		$	78,830
Receivables	4		101,093		71,099		498,555		(652,559		)	18,192
Inventories	—		1,724		2,352		23,764		—			27,840
Current deferred tax asset	—		3,705		816		3,663		—			8,184
Other current assets	563		17,858		530		5,490		(16,381		)	8,060
	25,567		124,824		124,970		534,685		(668,940		)	141,106
Property and Equipment (net)	439,506		1,013		268,157		835,596		—			1,544,272
Investment in Park	485,136		772,183		115,401		53,790		(1,426,510		)	—
Goodwill	9,061		—		125,942		111,218		—			246,221
Other Intangibles, net	—		—		17,835		22,817		—			40,652
Deferred Tax Asset	—		36,443		—		90		(36,533		)	—
Intercompany Receivable	877,612		1,070,125		1,116,623		—		(3,064,360		)	—
Other Assets	22,048		14,832		8,419		2,315		—			47,614
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	147,264	$	213,279	$	16,101	$	286,649	$	(652,559	)	$	10,734
Deferred revenue	—		—		4,996		34,489		—			39,485
Accrued interest	98		64		15,350		—		—			15,512
Accrued taxes	4,518		—		6,239		23,437		(16,381		)	17,813
Accrued salaries, wages and benefits	—		17,932		1,214		5,690		—			24,836
Self-insurance reserves	—		5,528		1,754		16,624		—			23,906
Other accrued liabilities	1,110		2,502		140		2,164		—			5,916
	152,990		239,305		45,794		369,053		(668,940		)	138,202
Deferred Tax Liability	—		—		63,460		126,865		(36,533		)	153,792
Derivative Liability	19,309		12,951		—		—		—			32,260
Other Liabilities	—		5,480		—		3,500		—			8,980
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	401,080		401,080		401,080		—		(802,160		)	401,080
	1,532,180		1,532,180		1,532,180		—		(3,064,360		)	1,532,180
Equity	154,451		229,504		135,913		1,061,093		(1,426,510		)	154,451
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2012 (As restated)

(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	$	43,000	$	2,263	$	40,278	$	10,561	$	—		$	96,102
Receivables	3		108,211		64,153		478,372		(621,382		)	29,357
Inventories	—		1,584		2,742		29,267		—			33,593
Current deferred tax asset	—		6,239		772		3,334		—			10,345
Income tax refundable	—		—		10,454		—		—			10,454
Other current assets	929		2,065		674		3,775		—			7,443
	43,932		120,362		119,073		525,309		(621,382		)	187,294
Property and Equipment (net)	425,747		1,025		272,951		856,276		—			1,555,999
Investment in Park	572,748		786,753		115,271		60,141		(1,534,913		)	—
Goodwill	9,061		—		127,384		111,218		—			247,663
Other Intangibles, net	—		—		18,039		22,826		—			40,865
Deferred Tax Asset	—		39,320		—		—		(39,320		)	—
Intercompany Receivable	877,208		1,069,721		1,116,623		—		(3,063,552		)	—
Other Assets	23,361		15,580		8,925		2,305		—			50,171
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	210,936	$	116,160	$	29,248	$	287,634	$	(621,382	)	$	22,596
Deferred revenue	—		—		4,544		30,138		—			34,682
Accrued interest	735		195		6,082		—		—			7,012
Accrued taxes	5,818		42,090		—		4,496		—			52,404
Accrued salaries, wages and benefits	—		24,864		2,365		8,990		—			36,219
Self-insurance reserves	—		4,751		1,698		16,643		—			23,092
Other accrued liabilities	824		4,097		2,417		3,505		—			10,843
	218,313		192,157		46,354		351,406		(621,382		)	186,848
Deferred Tax Liability	—		—		59,462		119,971		(39,320		)	140,113
Derivative Liability	20,801		13,907		—		—		—			34,708
Other Liabilities	—		3,880		—		3,500		—			7,380
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	400,676		400,676		400,676		—		(801,352		)	400,676
	1,531,776		1,531,776		1,531,776		—		(3,063,552		)	1,531,776
Equity	181,167		291,041		140,674		1,103,198		(1,534,913		)	181,167
	$	1,952,057	$	2,032,761	$	1,778,266	$	1,578,075	$	(5,259,167	)	$	2,081,992

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	83,285		$	161,866		$	82,265		$	509,467		$	(244,807	)	$	592,076
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,082			39,761			—			45,843
Operating expenses	1,669			76,468			19,042			318,022			(244,807		)	170,394
Selling, general and administrative	1,796			38,083			4,781			14,067			—			58,727
Depreciation and amortization	18,306			10			8,979			30,200			—			57,495
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	368			—			1			1,268			—			1,637
	22,139			114,561			38,885			394,575			(244,807		)	325,353
Operating income	61,146			47,305			43,380			114,892			—			266,723
Interest expense (income), net	10,858			6,901			9,731			(1,978		)	—			25,512
Net effect of swaps	810			567			—			—			—			1,377
Unrealized / realized foreign currency gain	—			—			(8,615		)	—			—			(8,615		)
Other (income) expense	188			(2,129		)	584			1,357			—			—
Income from investment in affiliates	(146,054		)	(78,714		)	(13,606		)	(40,904		)	279,278			—
Net income before taxes	195,344			120,680			55,286			156,417			(279,278		)	248,449
Provision for taxes	4,920			14,537			14,390			24,178			—			58,025
Net income	$	190,424		$	106,143		$	40,896		$	132,239		$	(279,278	)	$	190,424
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(699		)	—			(699		)	—			699			(699		)
Unrealized income (loss) on cash flow hedging derivatives	(2,761		)	(1,202		)	—			—			1,202			(2,761		)
Other comprehensive income (loss), (net of tax)	(3,460		)	(1,202		)	(699		)	—			1,901			(3,460		)
Total Comprehensive Income	$	186,964		$	104,941		$	40,197		$	132,239		$	(277,377	)	$	186,964

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 30, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	79,663		$	141,134		$	88,334		$	464,902		$	(220,588	)	$	553,445
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			6,447			40,906			—			47,353
Operating expenses	1,368			74,191			18,736			289,604			(220,588		)	163,311
Selling, general and administrative	1,853			32,627			4,822			13,691			—			52,993
Depreciation and amortization	19,209			10			9,430			31,574			—			60,223
Loss on impairment / retirement of fixed assets, net	25,000			—			—			—			—			25,000
	47,430			106,828			39,435			375,775			(220,588		)	348,880
Operating income	32,233			34,306			48,899			89,127			—			204,565
Interest expense, net	12,213			7,258			9,897			(2,518		)	—			26,850
Net effect of swaps	(104		)	(71		)	—			—			—			(175		)
Unrealized / realized foreign currency gain	—			—			(15,035		)	—			—			(15,035		)
Other (income) expense	186			(2,043		)	512			1,345			—			—
Income from investment in affiliates	(125,636		)	(79,925		)	(11,355		)	(45,354		)	262,270			—
Income before taxes	145,574			109,087			64,880			135,654			(262,270		)	192,925
Provision for taxes	4,561			9,777			17,181			20,393			—			51,912
Net income	$	141,013		$	99,310		$	47,699		$	115,261		$	(262,270	)	$	141,013
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(563		)	—			(563		)	—			563			(563		)
Unrealized income (loss) on cash flow hedging derivatives	(234		)	48			—			—			(48		)	(234		)
Other comprehensive income (loss), (net of tax)	(797		)	48			(563		)	—			515			(797		)
Total Comprehensive Income	$	140,216		$	99,358		$	47,136		$	115,261		$	(261,755	)	$	140,216

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	131,528		$	255,595		$	117,508		$	877,450		$	(386,586	)	$	995,495
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,076			72,857			—			81,933
Operating expenses	4,500			150,320			40,569			579,532			(386,586		)	388,335
Selling, general and administrative	4,310			81,584			9,360			30,279			—			125,533
Depreciation and amortization	31,672			28			15,797			60,816			—			108,313
Gain on sale of other assets	—			—			—			(8,743		)	—			(8,743		)
Loss on impairment / retirement of fixed assets, net	404			—			479			1,383			—			2,266
	40,886			231,932			75,281			736,124			(386,586		)	697,637
Operating income	90,642			23,663			42,227			141,326			—			297,858
Interest expense (income), net	31,580			21,824			29,338			(5,715		)	—			77,027
Net effect of swaps	5,067			3,248			—			—			—			8,315
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			15,229			—			—			15,229
Other (income) expense	563			(6,645		)	1,967			4,115			—			—
Income from investment in affiliates	(104,833		)	(58,614		)	(18,318		)	(15,029		)	196,794			—
Income before taxes	137,090			51,069			13,394			157,955			(196,794		)	162,714
Provision (benefit) for taxes	8,402			(2,444		)	(1,596		)	29,664			—			34,026
Net income	$	128,688		$	53,513		$	14,990		$	128,291		$	(196,794	)	$	128,688
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,194			—			1,194			—			(1,194		)	1,194
Unrealized income on cash flow hedging derivatives	7,803			1,836			—			—			(1,836		)	7,803
Other comprehensive income, (net of tax)	8,997			1,836			1,194			—			(3,030		)	8,997
Total Comprehensive Income	$	137,685		$	55,349		$	16,184		$	128,291		$	(199,824	)	$	137,685

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 2012(As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	124,864		$	221,221		$	130,441		$	808,471		$	(345,748	)	$	939,249
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,988			73,938			—			83,926
Operating expenses	4,141			147,211			40,328			534,900			(345,748		)	380,832
Selling, general and administrative	4,841			70,848			9,877			29,922			—			115,488
Depreciation and amortization	33,436			28			16,415			62,332			—			112,211
Loss on impairment / retirement of fixed assets, net	24,221			—			9			—			—			24,230
	66,639			218,087			76,617			701,092			(345,748		)	716,687
Operating income	58,225			3,134			53,824			107,379			—			222,562
Interest expense, net	36,438			21,957			30,898			(5,422		)	—			83,871
Net effect of swaps	(35		)	192			(1,475		)	—			—			(1,318		)
Unrealized / realized foreign currency gain	—			—			(13,926		)	—			—			(13,926		)
Other (income) expense	561			(7,119		)	1,221			5,337			—			—
Income from investment in affiliates	(99,621		)	(73,448		)	(14,896		)	(38,551		)	226,516			—
Income before taxes	120,882			61,552			52,002			146,015			(226,516		)	153,935
Provision (benefit) for taxes	8,701			(3,771		)	13,525			23,299			—			41,754
Net income	$	112,181		$	65,323		$	38,477		$	122,716		$	(226,516	)	$	112,181
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,251		)	—			(1,251		)	—			1,251			(1,251		)
Unrealized income (loss) on cash flow hedging derivatives	(1,798		)	(629		)	21			—			608			(1,798		)
Other comprehensive income (loss), (net of tax)	(3,049		)	(629		)	(1,230		)	—			1,859			(3,049		)
Total Comprehensive Income	$	109,132		$	64,694		$	37,247		$	122,716		$	(224,657	)	$	109,132

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 29, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,379		$	292,510		$	127,485		$	996,647		$	(444,321	)	$	1,124,700
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,404			83,651			—			93,055
Operating expenses	5,739			179,465			48,104			669,919			(444,321		)	458,906
Selling, general and administrative	5,964			97,351			10,618			34,423			—			148,356
Depreciation and amortization	35,896			40			17,581			68,891			—			122,408
(Gain) on sale of other assets	—			—			—			(15,368		)	—			(15,368		)
Loss on impairment / retirement of fixed assets, net	1,318			—			476			6,578			—			8,372
	48,917			276,856			86,183			848,094			(444,321		)	815,729
Operating income	103,462			15,654			41,302			148,553			—			308,971
Interest (income) expense, net	43,667			29,195			39,310			(8,465		)	—			103,707
Net effect of swaps	4,964			3,177			—			—			—			8,141
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			20,157			—			—			20,157
Other (income) expense	751			(9,033		)	2,766			5,516			—			—
Income from investment in affiliates	(95,234		)	(51,316		)	(18,019		)	(8,239		)	172,808			—
Income (loss) before taxes	128,139			30,850			(3,529		)	159,741			(172,808		)	142,393
Provision (benefit) for taxes	9,776			(8,530		)	(11,708		)	34,492			—			24,030
Net income	$	118,363		$	39,380		$	8,179		$	125,249		$	(172,808	)	$	118,363
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	2,814			—			2,814			—			(2,814		)	2,814
Unrealized income on cash flow hedging derivatives	9,740			2,385			—			—			(2,385		)	9,740
Other comprehensive income, (net of tax)	12,554			2,385			2,814			—			(5,199		)	12,554
Total Comprehensive Income	$	130,917		$	41,765		$	10,993		$	125,249		$	(178,007	)	$	130,917

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended September 30, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	147,733		$	261,878		$	142,250		$	941,465		$	(409,232	)	$	1,084,094
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,531			85,471			—			96,002
Operating expenses	5,452			180,665			47,134			636,106			(409,232		)	460,125
Selling, general and administrative	6,865			90,892			11,650			36,381			—			145,788
Depreciation and amortization	37,698			41			18,300			71,152			—			127,191
Loss (gain) on impairment / retirement of fixed assets, net	24,188			—			(62		)	10,383			—			34,509
	74,203			271,598			87,553			839,493			(409,232		)	863,615
Operating income (loss)	73,530			(9,720		)	54,697			101,972			—			220,479
Interest expense, net	50,007			28,592			44,583			(6,813		)	—			116,369
Net effect of swaps	(5,019		)	(1		)	(5,910		)	—			—			(10,930		)
Unrealized / realized foreign currency gain	—			—			(18,721		)	—			—			(18,721		)
Other (income) expense	749			(10,205		)	1,498			7,958			—			—
Income from investment in affiliates	(88,216		)	(50,693		)	(9,456		)	(21,713		)	170,078			—
Income before taxes	116,009			22,587			42,703			122,540			(170,078		)	133,761
Provision (benefit) for taxes	10,106			(29,298		)	20,942			26,108			—			27,858
Net income	$	105,903		$	51,885		$	21,761		$	96,432		$	(170,078	)	$	105,903
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,672		)	—			(2,672		)	—			2,672			(2,672		)
Unrealized income (loss) on cash flow hedging derivatives	(397		)	(109		)	21			—			88			(397		)
Other comprehensive income (loss), (net of tax)	(3,069		)	(109		)	(2,651		)	—			2,760			(3,069		)
Total Comprehensive Income	$	102,834		$	51,776		$	19,110		$	96,432		$	(167,318	)	$	102,834

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 29, 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	$	337,821		$	60,434		$	21,615		$	66,757		$	(169,672	)	$	316,955
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(63,105		)	(52,172		)	(29,579		)	(24,816		)	169,672			—
Sale of other assets	—			—			—			15,297			—			15,297
Capital expenditures	(43,568		)	—			(5,517		)	(48,449		)	—			(97,534		)
Net cash from investing activities	(106,673		)	(52,172		)	(35,096		)	(57,968		)	169,672			(82,237		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(107,013		)	2,555			—			—			—			(104,458		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Excess tax benefit from unit-based compensation expense	—			(148		)	—			—			—			(148		)
Net cash (for) financing activities	(123,148		)	(6,413		)	(489		)	—			—			(130,050		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(16		)	—			—			(16		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	108,000			1,849			(13,986		)	8,789			—			104,652
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2012 (As restated)

(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	$	209,022		$	49,092			$	9,484		$	156,240		$	(147,094	)	$	276,744
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(56,757		)	(70,669		)		3,557			(23,225		)	147,094			—
Sale of other assets	1,173			—				—			—			—			1,173
Capital expenditures	(29,295		)	(8		)		(14,426		)	(32,081		)	—			(75,810		)
Net cash (for) investing activities	(84,879		)	(70,677		)		(10,869		)	(55,306		)	147,094			(74,637		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Derivative settlement	—			—				(50,450		)	—			—			(50,450		)
Term debt payments, including early termination penalties	(14,468		)	(10,212		)		(320		)	—			—			(25,000		)
Intercompany (payments) receipts	—			93,845				—			(93,845		)	—			—
Distributions (paid) received	(66,675		)	110				—			—			—			(66,565		)
Capital (contribution) infusion	—			(60,000		)	—	60,000			—			—			—
Exercise of limited partnership unit options	—			47				—			—			—			47
Excess tax benefit from unit-based compensation	—			(454		)		—			—			—			(454		)
Net cash from (for) financing activities	(81,143		)	23,336				9,230			(93,845		)	—			(142,422		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				893			—			—			893
CASH AND CASH EQUIVALENTS
Net increase for the period	43,000			1,751				8,738			7,089			—			60,578
Balance, beginning of period	—			512				31,540			3,472			—			35,524
Balance, end of period	$	43,000		$	2,263			$	40,278		$	10,561		$	—		$	96,102

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 29, 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	$	258,843		$	42,367		$	32,927		$	52,457		$	(61,746	)	$	324,848
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	24,507			(37,602		)	(30,743		)	(17,908		)	61,746			—
Sale of other assets	—			—			—			30,182			—			30,182
Capital expenditures	(47,938		)	(1		)	(5,532		)	(63,290		)	—			(116,761		)
Net cash (for) investing activities	(23,431		)	(37,603		)	(36,275		)	(51,016		)	61,746			(86,579		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Term debt payments, including early termination penalties	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions (paid) received	(129,277		)	2,571			—			—			—			(126,706		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Excess tax benefit from unit-based compensation expense	—			1,515			—			—			—			1,515
Net cash (for) financing activities	(145,412		)	(4,734		)	(489		)	—			—			(150,635		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(254		)	—			—			(254		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	90,000			30			(4,091		)	1,441			—			87,380
Balance, beginning of period	43,000			2,263			40,278			10,561			—			96,102
Balance, end of period	$	133,000		$	2,293		$	36,187		$	12,002		$	—		$	183,482

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended September 30, 2012 (As restated)

(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	$	181,718		$	(157,023	)	$	8,795		$	314,835		$	(75,771	)	$	272,554
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(35,830		)	(42,342		)	8,488			(6,087		)	75,771			—
Sale of other assets	1,173			—			—			—			—			1,173
Capital expenditures	(33,025		)	(8		)	(23,050		)	(37,037		)	—			(93,120		)
Net cash (for) investing activities	(67,682		)	(42,350		)	(14,562		)	(43,124		)	75,771			(91,947		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Intercompany term debt (payments) receipts	—			269,500			—			(269,500		)	—			—
Term debt payments, including early termination penalties	(14,467		)	(10,213		)	(320		)	—			—			(25,000		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(105,569		)	261			—			—			—			(105,308		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Payment of debt issuance costs	—			—			(723		)	—			—			(723		)
Exercise of limited partnership unit options	—			53			—			—			—			53
Excess tax benefit from unit-based compensation	—			(454		)	—			—			—			(454		)
Net cash from (for) financing activities	(120,036		)	199,147			8,507			(269,500		)	—			(181,882		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,065			—			—			1,065
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(6,000		)	(226		)	3,805			2,211			—			(210		)
Balance, beginning of period	49,000			2,489			36,473			8,350			—			96,312
Balance, end of period	$	43,000		$	2,263		$	40,278		$	10,561		$	—		$	96,102