Consolidating Financial Information of Guarantors and Issuers

6 Months Ended

Jun. 29, 2014

Condensed Consolidating 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 June 2014 and March 2013 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 June 29, 2014, December 31, 2013, and June 30, 2013 and for the three, six, and twelve month periods ended June 29, 2014 and June 30, 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 June 29, 2014, December 31, 2013 and June 30, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and June 30, 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 2013-04, the Unaudited Condensed Consolidating Statements of Cash Flows for the six and twelve month periods ended June 30, 2013 have been revised to correct the presentation of certain intercompany transactions previously recorded as cash flows from operating activities and the presentation of an intercompany term debt receipt previously recorded as cash flows from financing activities. A summary of the changes are below:

Condensed Consolidating Statements of Cash Flows
For the Six Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	4,808		$	(30,371	)	$	(4,856	)	$	44,138		$	68,837		$	82,556
Investment in joint ventures and affiliates	38,056			37,167			(18,274		)	17,909			(74,858		)	—
Intercompany receivables (payments) receipts	—			—			—			19,317			(19,317		)	—
Intercompany payables (payments) receipts	(7,990		)	(14,958		)	3,631			—			19,317			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	34,874		$	(8,162	)	$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
As reported - Net cash from (for) investing activities	$	(342	)	$	37,167		$	(21,709	)	$	(19,447	)	$	(74,858	)	$	(79,189	)
Investment in joint ventures and affiliates	(38,056		)	(37,167		)	18,274			(17,909		)	74,858			—
Intercompany receivables (payments) receipts	—			13,869			—			(5,384		)	(8,485		)	—
As corrected - Net cash from (for) investing activities	$	(38,398	)	$	13,869		$	(3,435	)	$	(42,740	)	$	(8,485	)	$	(79,189	)
As reported - Net cash from (for) financing activities	$	(29,466	)	$	(7,240	)	$	(474	)	$	—		$	—		$	(37,180	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany payables (payments) receipts	7,990			1,089			(3,631		)	(13,933		)	8,485			—
As corrected - Net cash from (for) financing activities	$	(21,476	)	$	(6,151	)	$	(17,278	)	$	(13,933	)	$	21,658		$	(37,180	)

Condensed Consolidating Statements of Cash Flows
For the Twelve Month Period Ended June 30, 2013
(In thousands)	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
As reported - Net cash from (for) operating activities	$	210,085		$	(47,009	)	$	29,440		$	140,865		$	(30,675	)	$	302,706
Investment in joint ventures and affiliates	27,874			(30,140		)	(15,735		)	(12,174		)	30,175			—
Intercompany receivables (payments) receipts	—			—			—			18,148			(18,148		)	—
Intercompany payables (payments) receipts	(47,465		)	28,405			912			—			18,148			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
As reported - Net cash from (for) investing activities	$	(19,923	)	$	(30,148	)	$	(20,139	)	$	(54,075	)	$	30,175		$	(79,189	)
Investment in joint ventures and affiliates	(27,874		)	30,140			15,735			12,174			(30,175		)	—
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables (payments) receipts	—			(43,948		)	—			(62,033		)	105,981			—
As corrected - Net cash from (for) investing activities	$	(47,797	)	$	42,406		$	(4,404	)	$	(103,934	)	$	19,619		$	(94,110	)
As reported - Net cash from (for) financing activities	$	(190,162	)	$	77,157		$	(585	)	$	(86,362	)	$	—		$	(199,952	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany term debt receipts	—			(86,362		)	—			—			86,362			—
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
As corrected - Net cash from (for) financing activities	$	(142,697	)	$	6,338		$	(14,670	)	$	(42,477	)	$	(6,446	)	$	(199,952	)

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

June 29, 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	$	—	$	—	$	19,425	$	29,986	$	(9,277	)	$	40,134
Receivables	59		104,035		93,286		571,632		(702,451		)	66,561
Inventories	—		5,732		4,091		35,748		—			45,571
Current deferred tax asset	—		18,655		800		3,445		—			22,900
Other current assets	691		14,115		5,974		13,500		(2,882		)	31,398
	750		142,537		123,576		654,311		(714,610		)	206,564
Property and Equipment (net)	471,252		8,206		247,632		830,074		—			1,557,164
Investment in Park	466,213		767,266		149,180		32,308		(1,414,967		)	—
Goodwill	9,061		—		117,371		111,218		—			237,650
Other Intangibles, net	—		—		16,639		22,870		—			39,509
Deferred Tax Asset	—		32,025		—		117		(32,142		)	—
Other Assets	11,680		21,649		9,276		2,304		—			44,909
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	1,724	$	1,231	$	70	$	—	$	—		$	3,025
Accounts payable	218,225		233,203		15,070		282,733		(711,728		)	37,503
Deferred revenue	—		636		15,824		117,337		—			133,797
Accrued interest	6,422		4,251		1,843		—		—			12,516
Accrued taxes	6,054		1,196		—		2,885		(2,882		)	7,253
Accrued salaries, wages and benefits	—		23,850		2,303		9,487		—			35,640
Self-insurance reserves	—		5,534		1,772		16,353		—			23,659
Other accrued liabilities	376		5,554		1,095		2,380		—			9,405
	232,801		275,455		37,977		431,175		(714,610		)	262,798
Deferred Tax Liability	—		—		57,540		131,648		(32,142		)	157,046
Derivative Liability	17,700		12,410		—		—		—			30,110
Other Liabilities	—		4,039		—		3,363		—			7,402
Long-Term Debt:
Revolving credit loans	39,000		—		—		—		—			39,000
Term debt	350,943		250,730		14,152		—		—			615,825
Notes	294,897		205,103		450,000		—		—			950,000
	684,840		455,833		464,152		—		—			1,604,825
Equity	23,615		223,946		104,005		1,087,016		(1,414,967		)	23,615
	$	958,956	$	971,683	$	663,674	$	1,653,202	$	(2,161,719	)	$	2,085,796

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

June 30, 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	$	—	$	—	$	21,745	$	27,904	$	(6,021	)	$	43,628
Receivables	250		86,025		80,435		517,925		(617,436		)	67,199
Inventories	—		4,639		4,182		36,631		—			45,452
Current deferred tax asset	—		23,822		816		3,664		—			28,302
Other current assets	620		11,440		2,066		19,762		—			33,888
	870		125,926		109,244		605,886		(623,457		)	218,469
Property and Equipment (net)	463,783		994		250,249		835,875		—			1,550,901
Investment in Park	447,080		735,017		129,942		38,992		(1,351,031		)	—
Goodwill	9,061		—		119,201		111,218		—			239,480
Other Intangibles, net	—		—		16,880		22,839		—			39,719
Deferred Tax Asset	—		34,028		—		90		(34,118		)	—
Other Assets	13,605		9,382		7,112		2,227		—			32,326
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,590	$	2,565	$	145	$	—	$	—		$	6,300
Accounts payable	155,522		208,924		7,971		285,379		(623,457		)	34,339
Deferred revenue	—		—		18,719		113,646		—			132,365
Accrued interest	5,189		3,563		15,192		—		—			23,944
Accrued taxes	6,534		458		181		2,848		—			10,021
Accrued salaries, wages and benefits	1		18,642		2,153		9,100		—			29,896
Self-insurance reserves	—		5,535		1,727		17,330		—			24,592
Other accrued liabilities	860		4,421		715		2,793		—			8,789
	171,696		244,108		46,803		431,096		(623,457		)	270,246
Deferred Tax Liability	—		—		61,544		126,866		(34,118		)	154,292
Derivative Liability	16,039		10,733		—		—		—			26,772
Other Liabilities	—		5,296		—		3,500		—			8,796
Long-Term Debt:
Revolving credit loans	58,000		—		—		—		—			58,000
Term debt	354,534		253,294		14,297		—		—			622,125
Notes	294,897		205,103		401,431		—		—			901,431
	707,431		458,397		415,728		—		—			1,581,556
Equity	39,233		186,813		108,553		1,055,665		(1,351,031		)	39,233
	$	934,399	$	905,347	$	632,628	$	1,617,127	$	(2,008,606	)	$	2,080,895

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,084		$	79,737		$	33,878		$	328,013		$	(121,698	)	$	363,014
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,881			28,130			—			31,090
Operating expenses	1,312			54,893			15,124			197,561			(121,698		)	147,192
Selling, general and administrative	1,467			27,495			3,886			13,769			—			46,617
Depreciation and amortization	14,011			94			6,502			26,367			—			46,974
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
(Gain) loss on impairment / retirement of fixed assets, net	—			(1		)	—			216			—			215
	16,790			82,560			28,393			265,122			(121,698		)	271,167
Operating income (loss)	26,294			(2,823		)	5,485			62,891			—			91,847
Interest expense (income), net	10,533			7,354			11,933			(1,919		)	—			27,901
Net effect of swaps	(178		)	(137		)	—			—			—			(315		)
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			(16,102		)	—			—			(16,102		)
Other (income) expense	188			(2,415		)	531			1,696			—			—
(Income) loss from investment in affiliates	(30,914		)	(21,721		)	(10,576		)	1,929			61,282			—
Income (loss) before taxes	46,665			14,096			(9,574		)	61,185			(61,282		)	51,090
Provision (benefit) for taxes	2,763			(3,481		)	(7,645		)	15,551			—			7,188
Net income (loss)	$	43,902		$	17,577		$	(1,929	)	$	45,634		$	(61,282	)	$	43,902
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(2,317		)	—			(2,317		)	—			2,317			(2,317		)
Unrealized income (loss) on cash flow hedging derivatives	(2,241		)	(644		)	—			—			644			(2,241		)
Other comprehensive income (loss), (net of tax)	(4,558		)	(644		)	(2,317		)	—			2,961			(4,558		)
Total Comprehensive Income (loss)	$	39,344		$	16,933		$	(4,246	)	$	45,634		$	(58,321	)	$	39,344

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	43,925		$	85,358		$	34,954		$	326,473		$	(129,090	)	$	361,620
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			28,059			—			31,053
Operating expenses	1,408			52,246			15,586			201,134			(129,090		)	141,284
Selling, general and administrative	1,222			26,888			3,868			13,789			—			45,767
Depreciation and amortization	12,891			9			6,818			26,314			—			46,032
Loss on impairment / retirement of fixed assets, net	—			—			—			29			—			29
	15,521			79,143			29,266			269,325			(129,090		)	264,165
Operating income	28,404			6,215			5,688			57,148			—			97,455
Interest expense, net	10,210			7,246			9,843			(1,507		)	—			25,792
Net effect of swaps	(1,378		)	(895		)	—			—			—			(2,273		)
Unrealized / realized foreign currency loss	—			—			14,886			—			—			14,886
Other (income) expense	187			(2,128		)	583			1,358			—			—
(Income) loss from investment in affiliates	(30,875		)	(15,540		)	(8,232		)	4,649			49,998			—
Income (loss) before taxes	50,260			17,532			(11,392		)	52,648			(49,998		)	59,050
Provision (benefit) for taxes	2,870			684			(6,732		)	14,838			—			11,660
Net income (loss)	$	47,390		$	16,848		$	(4,660	)	$	37,810		$	(49,998	)	$	47,390
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,592			—			1,592			—			(1,592		)	1,592
Unrealized income (loss) on cash flow hedging derivatives	1,679			503			—			—			(503		)	1,679
Other comprehensive income (loss), (net of tax)	3,271			503			1,592			—			(2,095		)	3,271
Total Comprehensive Income (loss)	$	50,661		$	17,351		$	(3,068	)	$	37,810		$	(52,093	)	$	50,661

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	47,839		$	88,416		$	34,029		$	368,325		$	(135,129	)	$	403,480
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			2,882			33,114			—			36,075
Operating expenses	2,660			77,355			22,061			260,595			(135,129		)	227,542
Selling, general and administrative	2,863			44,167			4,759			16,232			—			68,021
Depreciation and amortization	14,485			103			6,502			30,191			—			51,281
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
Loss (gain) on impairment / retirement of fixed assets, net	249			(1		)	—			964			—			1,212
	20,257			121,703			36,204			340,175			(135,129		)	383,210
Operating income	27,582			(33,287		)	(2,175		)	28,150			—			20,270
Interest expense (income), net	20,732			14,365			21,401			(3,938		)	—			52,560
Net effect of swaps	16			40			—			—			—			56
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency gain	—			—			1,082			—			—			1,082
Other (income) expense	375			(5,689		)	905			4,409			—			—
(Income) loss from investment in affiliates	42,674			25,422			(6,512		)	30,173			(91,757		)	—
Income (loss) before taxes	(36,215		)	(67,425		)	(48,324		)	(2,494		)	91,757			(62,701		)
Provision (benefit) for taxes	3,423			(13,903		)	(18,151		)	5,568			—			(23,063		)
Net loss	$	(39,638	)	$	(53,522	)	$	(30,173	)	$	(8,062	)	$	91,757		$	(39,638	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(696		)	—			(696		)	—			696			(696		)
Unrealized income (loss) on cash flow hedging derivatives	(2,891		)	(817		)	—			—			817			(2,891		)
Other comprehensive income (loss), (net of tax)	(3,587		)	(817		)	(696		)	—			1,513			(3,587		)
Total Comprehensive Loss	$	(43,225	)	$	(54,339	)	$	(30,869	)	$	(8,062	)	$	93,270		$	(43,225	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Six Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	48,243		$	93,729		$	35,243		$	367,983		$	(141,779	)	$	403,419
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			2,994			33,096			—			36,090
Operating expenses	2,831			73,852			21,527			261,510			(141,779		)	217,941
Selling, general and administrative	2,514			43,501			4,579			16,212			—			66,806
Depreciation and amortization	13,366			18			6,818			30,616			—			50,818
Loss on impairment / retirement of fixed assets, net	36			—			478			115			—			629
	18,747			117,371			36,396			341,549			(141,779		)	372,284
Operating income (loss)	29,496			(23,642		)	(1,153		)	26,434			—			31,135
Interest expense, net	20,722			14,923			19,607			(3,737		)	—			51,515
Net effect of swaps	4,257			2,681			—			—			—			6,938
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			23,844			—			—			23,844
Other (income) expense	375			(4,516		)	1,383			2,758			—			—
(Income) loss from investment in affiliates	41,221			20,100			(4,712		)	25,876			(82,485		)	—
Income (loss) before taxes	(58,254		)	(69,611		)	(41,892		)	1,537			82,485			(85,735		)
Provision (benefit) for taxes	3,482			(16,981		)	(15,986		)	5,486			—			(23,999		)
Net loss	$	(61,736	)	$	(52,630	)	$	(25,906	)	$	(3,949	)	$	82,485		$	(61,736	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,893			—			1,893			—			(1,893		)	1,893
Unrealized income (loss) on cash flow hedging derivatives	10,564			3,038			—			—			(3,038		)	10,564
Other comprehensive income (loss), (net of tax)	12,457			3,038			1,893			—			(4,931		)	12,457
Total Comprehensive Loss	$	(49,279	)	$	(49,592	)	$	(24,013	)	$	(3,949	)	$	77,554		$	(49,279	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 29, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	152,065		$	290,764		$	126,478		$	1,006,811		$	(441,485	)	$	1,134,633
Costs and expenses:
Cost of food, merchandise, and games revenues	—			79			9,210			82,468			—			91,757
Operating expenses	5,832			187,107			48,304			682,187			(441,485		)	481,945
Selling, general and administrative	6,066			101,491			11,164			34,906			—			153,627
Depreciation and amortization	37,926			122			17,017			67,885			—			122,950
(Gain) on sale of other assets	—			—			—			(9,664		)	—			(9,664		)
Loss on impairment / retirement of fixed assets, net	637			(1		)	1			2,485			—			3,122
	50,461			288,798			85,696			860,267			(441,485		)	843,737
Operating income	101,604			1,966			40,782			146,544			—			290,896
Interest (income) expense, net	42,640			28,317			41,170			(8,165		)	—			103,962
Net effect of swaps	(51		)	52			—			—			—			1
Loss on early debt extinguishment	—			—			29,273			—			—			29,273
Unrealized / realized foreign currency loss	—			—			6,179			—			—			6,179
Other (income) expense	750			(12,430		)	3,201			8,479			—			—
(Income) loss from investment in affiliates	(82,104		)	(32,198		)	(19,238		)	6,774			126,766			—
Income (loss) before taxes	140,369			18,225			(19,803		)	139,456			(126,766		)	151,481
Provision (benefit) for taxes	10,067			(9,055		)	(13,021		)	33,188			—			21,179
Net income (loss)	$	130,302		$	27,280		$	(6,782	)	$	106,268		$	(126,766	)	$	130,302
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	167			—			167			—			(167		)	167
Unrealized income on cash flow hedging derivatives	(2,719		)	(1,007		)	—			—			1,007			(2,719		)
Other comprehensive income, (net of tax)	(2,552		)	(1,007		)	167			—			840			(2,552		)
Total Comprehensive Income (loss)	$	127,750		$	26,273		$	(6,615	)	$	106,268		$	(125,926	)	$	127,750

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended June 30, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,757		$	271,778		$	133,554		$	952,082		$	(420,102	)	$	1,086,069
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			9,769			84,796			—			94,565
Operating expenses	5,438			177,188			47,798			641,501			(420,102		)	451,823
Selling, general and administrative	6,021			91,895			10,659			34,047			—			142,622
Depreciation and amortization	36,799			40			18,032			70,265			—			125,136
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss (gain) on impairment / retirement of fixed assets, net	25,950			—			475			5,310			—			31,735
	74,208			269,123			86,733			829,294			(420,102		)	839,256
Operating income	74,549			2,655			46,821			122,788			—			246,813
Interest expense, net	45,022			29,552			39,476			(9,005		)	—			105,045
Net effect of swaps	4,050			2,539			—			—			—			6,589
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			13,737			—			—			13,737
Other (income) expense	749			(8,947		)	2,694			5,504			—			—
(Income) loss from investment in affiliates	(74,816		)	(52,527		)	(15,768		)	(12,687		)	155,798			—
Income before taxes	78,369			19,257			6,065			138,976			(155,798		)	86,869
Provision (benefit) for taxes	9,417			(13,289		)	(8,917		)	30,706			—			17,917
Net income	$	68,952		$	32,546		$	14,982		$	108,270		$	(155,798	)	$	68,952
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,950			—			2,950			—			(2,950		)	2,950
Unrealized income (loss) on cash flow hedging derivatives	12,735			3,635			—			—			(3,635		)	12,735
Other comprehensive income (loss), (net of tax)	15,685			3,635			2,950			—			(6,585		)	15,685
Total Comprehensive Income	$	84,637		$	36,181		$	17,932		$	108,270		$	(162,383	)	$	84,637

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 29, 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	$	57,348		$	(48,952	)	$	(22,362	)	$	76,734		$	(10,531	)	$	52,237
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables receipts	—			7,625			—			3,829			(11,454		)	—
Sale of other assets	—			—			—			1,377			—			1,377
Capital expenditures	(47,494		)	(193		)	(11,573		)	(47,430		)	—			(106,690		)
Net cash from investing activities	(47,494		)	7,432			(11,573		)	(42,224		)	(11,454		)	(105,313		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	39,000			—			—			—			—			39,000
Note borrowings	—			—			450,000			—			—			450,000
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(79,544		)	—			—			—			1,269			(78,275		)
Payment of debt issuance costs	—			—			(9,795		)	—			—			(9,795		)
Intercompany payables (payments) receipts	(44,310		)	38,101			2,631			(7,861		)	11,439			—
Excess tax benefit from unit-based compensation expense	—			(725		)	—			—			—			(725		)
Net cash (for) financing activities	(84,854		)	37,376			16,688			(7,861		)	12,708			(25,943		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			1,097			—			—			1,097
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(75,000		)	(4,144		)	(16,150		)	26,649			(9,277		)	(77,922		)
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months Ended June 30, 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	$	34,874		$	(8,162	)		$	(6,326	)	$	81,364		$	(19,194	)	$	82,556
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			13,869				—			(5,384		)	(8,485		)	—
Capital expenditures	(38,398		)	—				(3,435		)	(37,356		)	—			(79,189		)
Net cash from (for) investing activities	(38,398		)	13,869				(3,435		)	(42,740		)	(8,485		)	(79,189		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	58,000			—				—			—			—			58,000
Term debt borrowings	359,022			256,500			—	14,478			—			—			630,000
Note borrowings	294,897			205,103				—			—			—			500,000
Payment of debt issuance costs	(14,312		)	(8,014		)		(438		)	—			—			(22,764		)
Term debt payments, including amounts paid for early termination	(655,723		)	(462,438		)		(14,514		)	—			—			(1,132,675		)
Distributions/dividends paid	(71,350		)	1,711				(13,173		)	—			13,173			(69,639		)
Intercompany payables (payments) receipts	7,990			1,089				(3,631		)	(13,933		)	8,485			—
Exercise of limited partnership unit options	—			28				—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(130		)		—			—			—			(130		)
Net cash (for) financing activities	(21,476		)	(6,151		)		(17,278		)	(13,933		)	21,658			(37,180		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(1,389		)	—			—			(1,389		)
CASH AND CASH EQUIVALENTS
Net increase for the period	(25,000		)	(444		)		(28,428		)	24,691			(6,021		)	(35,202		)
Balance, beginning of period	25,000			444				50,173			3,213			—			78,830
Balance, end of period	$	—		$	—			$	21,745		$	27,904		$	(6,021	)	$	43,628

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 29, 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	$	184,623		$	(16,592	)	$	(1,723	)	$	133,985		$	(6,009	)	$	294,284
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			37,779			—			(45,923		)	8,144			—
Sale of other assets	—			—			—			16,674			—			16,674
Capital expenditures	(65,349		)	(193		)	(17,667		)	(64,639		)	—			(147,848		)
Net cash (for) investing activities	(65,349		)	37,586			(17,667		)	(93,888		)	8,144			(131,174		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(19,000		)	—			—			—			—			(19,000		)
Note borrowings	—			—			450,000			—			—			450,000
Term debt payments, including amounts paid for early termination	(5,457		)	(3,898		)	(220		)	—			—			(9,575		)
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(154,847		)	—			—			—			2,753			(152,094		)
Intercompany payables (payments) receipts	60,253			(17,224		)	3,130			(38,015		)	(8,144		)	—
Excess tax benefit from unit-based compensation expense	—			260			—			—			—			260
Payment of debt issuance costs	(223		)	(156		)	(9,901		)	—			—			(10,280		)
Exercise of limited partnership unit options	—			24			—			—			—			24
Net cash (for) financing activities	(119,274		)	(20,994		)	16,861			(38,015		)	(5,391		)	(166,813		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			209			—			—			209
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			(2,320		)	2,082			(3,256		)	(3,494		)
Balance, beginning of period	—			—			21,745			27,904			(6,021		)	43,628
Balance, end of period	$	—		$	—		$	19,425		$	29,986		$	(9,277	)	$	40,134

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended June 30, 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	$	190,494		$	(48,744	)	$	27,790		$	146,839		$	(13,673	)	$	302,706
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany term debt receipts	—			86,362			—			—			(86,362		)	—
Intercompany receivables payments	—			(43,948		)	—			(62,033		)	105,981			—
Sale of other assets	—			—			—			14,885			—			14,885
Capital expenditures	(47,797		)	(8		)	(4,404		)	(56,786		)	—			(108,995		)
Net cash from (for) investing activities	(47,797		)	42,406			(4,404		)	(103,934		)	19,619			(94,110		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(53,000		)	—			—			—			—			(53,000		)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt payments	—			—			—			(86,362		)	86,362			—
Term debt payments, including amounts paid for early termination	(660,931		)	(466,114		)	(14,630		)	—			—			(1,141,675		)
Distributions/dividends (paid) received	(115,839		)	1,746			(13,173		)	—			13,173			(114,093		)
Intercompany payables (payments) receipts	47,465			15,543			(912		)	43,885			(105,981		)	—
Payment of debt issuance costs	(14,311		)	(8,014		)	(433		)	—			—			(22,758		)
Exercise of limited partnership unit options	—			57			—			—			—			57
Excess tax benefit from unit-based compensation	—			1,517			—			—			—			1,517
Net cash from (for) financing activities	(142,697		)	6,338			(14,670		)	(42,477		)	(6,446		)	(199,952		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(945		)	—			—			(945		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			—			7,771			428			(500		)	7,699
Balance, beginning of period	—			—			13,974			27,476			(5,521		)	35,929
Balance, end of period	$	—		$	—		$	21,745		$	27,904		$	(6,021	)	$	43,628