Consolidating Financial Information of Guarantors and Issuers

9 Months Ended

Sep. 28, 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 September 28, 2014, December 31, 2013, and September 29, 2013 and for the three, nine, and twelve month periods ended September 28, 2014 and September 29, 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 September 28, 2014, December 31, 2013, and September 29, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and September 29, 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 nine and twelve month periods ended September 29, 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 Nine Month Period Ended September 29, 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	$	337,821		$	60,434		$	21,615		$	66,757		$	(169,672	)	$	316,955
Investment in joint ventures and affiliates	(63,105		)	(52,172		)	(29,579		)	(24,816		)	169,672			—
Intercompany receivables (payments) receipts	—			(41,768		)	—			55,439			(13,671		)	—
Intercompany payables (payments) receipts	(134,694		)	73,536			5,655			41,832			13,671			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	140,022		$	40,030		$	10,864		$	139,212		$	(13,173	)	$	316,955
As reported - Net cash from (for) investing activities	$	(106,673	)	$	(52,172	)	$	(35,096	)	$	(57,968	)	$	169,672		$	(82,237	)
Investment in joint ventures and affiliates	63,105			52,172			29,579			24,816			(169,672		)	—
Intercompany receivables (payments) receipts	—			41,768			—			(55,439		)	13,671			—
As corrected - Net cash from (for) investing activities	$	(43,568	)	$	41,768		$	(5,517	)	$	(88,591	)	$	13,671		$	(82,237	)
As reported - Net cash from (for) financing activities	$	(123,148	)	$	(6,413	)	$	(489	)	$	—		$	—		$	(130,050	)
Dividends paid	—			—			(13,173		)				13,173			—
Intercompany payables (payments) receipts	134,694			(73,536		)	(5,655		)	(41,832		)	(13,671		)	—
As corrected - Net cash from (for) financing activities	$	11,546		$	(79,949	)	$	(19,317	)	$	(41,832	)	$	(498	)	$	(130,050	)

Condensed Consolidating Statements of Cash Flows
For the Twelve Month Period Ended September 29, 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	$	258,843		$	42,367		$	32,927		$	52,457		$	(61,746	)	$	324,848
Investment in joint ventures and affiliates	24,507			(37,602		)	(30,743		)	(17,908		)	61,746			—
Intercompany receivables (payments) receipts	—			(46,143		)	—			60,099			(13,956		)	—
Intercompany payables (payments) receipts	(71,020		)	6,760			4,098			46,206			13,956			—
Dividends paid	—			—			13,173			—			(13,173		)	—
As corrected - Net cash from (for) operating activities	$	212,330		$	(34,618	)	$	19,455		$	140,854		$	(13,173	)	$	324,848
As reported - Net cash from (for) investing activities	$	(23,431	)	$	(37,603	)	$	(36,275	)	$	(51,016	)	$	61,746		$	(86,579	)
Investment in joint ventures and affiliates	(24,507		)	37,602			30,743			17,908			(61,746		)	—
Intercompany receivables (payments) receipts	—			46,143			—			(60,099		)	13,956			—
As corrected - Net cash from (for) investing activities	$	(47,938	)	$	46,142		$	(5,532	)	$	(93,207	)	$	13,956		$	(86,579	)
As reported - Net cash from (for) financing activities	$	(145,412	)	$	(4,734	)	$	(489	)	$	—		$	—		$	(150,635	)
Dividends paid	—			—			(13,173		)	—			13,173			—
Intercompany payables (payments) receipts	71,020			(6,760		)	(4,098		)	(46,206		)	(13,956		)	—
As corrected - Net cash from (for) financing activities	$	(74,392	)	$	(11,494	)	$	(17,760	)	$	(46,206	)	$	(783	)	$	(150,635	)

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

September 28, 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	$	124,000	$	2,194	$	52,792	$	10,388	$	—		$	189,374
Receivables	11		131,297		88,605		651,998		(830,649		)	41,262
Inventories	—		3,147		1,833		25,481		—			30,461
Current deferred tax asset	—		5,430		800		3,445		—			9,675
Other current assets	1,084		5,863		14,219		5,847		(13,028		)	13,985
	125,095		147,931		158,249		697,159		(843,677		)	284,757
Property and Equipment (net)	459,332		8,105		230,723		819,971		—			1,518,131
Investment in Park	560,750		837,800		163,809		60,788		(1,623,147		)	—
Goodwill	9,061		—		112,234		111,218		—			232,513
Other Intangibles, net	—		—		15,911		22,855		—			38,766
Deferred Tax Asset	—		29,935		—		—		(29,935		)	—
Other Assets	11,147		21,071		8,587		2,104		—			42,909
	$	1,165,385	$	1,044,842	$	689,513	$	1,714,095	$	(2,496,759	)	$	2,117,076
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	2,621	$	1,873	$	106	$	—	$	—		$	4,600
Accounts payable	340,850		208,763		22,485		280,417		(830,649		)	21,866
Deferred revenue	—		—		4,682		43,459		—			48,141
Accrued interest	2,579		1,552		7,877		—		—			12,008
Accrued taxes	5,255		6,534		—		39,646		(13,028		)	38,407
Accrued salaries, wages and benefits	—		29,505		1,962		10,672		—			42,139
Self-insurance reserves	—		5,797		1,747		16,387		—			23,931
Other accrued liabilities	446		5,388		693		1,865		—			8,392
	351,751		259,412		39,552		392,446		(843,677		)	199,484
Deferred Tax Liability	—		—		55,676		131,648		(29,935		)	157,389
Derivative Liability	15,115		10,687		—		—		—			25,802
Other Liabilities	20		4,688		—		11,887		—			16,595
Long-Term Debt:
Term debt	350,046		250,088		14,116		—		—			614,250
Notes	294,897		205,103		450,000		—		—			950,000
	644,943		455,191		464,116		—		—			1,564,250
Equity	153,556		314,864		130,169		1,178,114		(1,623,147		)	153,556
	$	1,165,385	$	1,044,842	$	689,513	$	1,714,095	$	(2,496,759	)	$	2,117,076

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

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
Other current assets	995		3,558		1,275		3,798		—			9,626
	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		)	—
Other Assets	13,196		9,031		6,902		2,140		—			31,269
	$	1,154,710	$	1,000,303	$	648,490	$	1,667,870	$	(2,370,326	)	$	2,101,047
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	3,590	$	2,565	$	145	$	—	$	—		$	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
	294,655		230,569		20,625		382,984		(742,056		)	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	354,534		253,294		14,297		—		—			622,125
Notes	294,897		205,103		401,606		—		—			901,606
	649,431		458,397		415,903		—		—			1,523,731
Equity	192,217		292,525		150,819		1,154,520		(1,597,864		)	192,217
	$	1,154,710	$	1,000,303	$	648,490	$	1,667,870	$	(2,370,326	)	$	2,101,047

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended September 28, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	85,161		$	158,384		$	76,325		$	516,002		$	(240,554	)	$	595,318
Costs and expenses:
Cost of food, merchandise, and games revenues	—			2,622			5,743			38,447			—			46,812
Operating expenses	1,248			77,814			17,561			322,580			(240,554		)	178,649
Selling, general and administrative	1,307			35,241			5,082			15,575			—			57,205
Depreciation and amortization	19,709			166			8,685			29,684			—			58,244
Gain on sale of other assets	—			—			—			—			—			—
(Gain) loss on impairment / retirement of fixed assets, net	532			1			229			713			—			1,475
	22,796			115,844			37,300			406,999			(240,554		)	342,385
Operating income (loss)	62,365			42,540			39,025			109,003			—			252,933
Interest expense (income), net	10,622			7,073			6,243			(2,492		)	—			21,446
Net effect of swaps	(666		)	(421		)	—			—			—			(1,087		)
Loss on early debt extinguishment	—			—			(246		)	—			—			(246		)
Unrealized / realized foreign currency gain	—			—			21,515			—			—			21,515
Other (income) expense	187			(2,415		)	531			1,697			—			—
(Income) loss from investment in affiliates	(114,725		)	(58,671		)	(14,629		)	(23,774		)	211,799			—
Income (loss) before taxes	166,947			96,974			25,611			133,572			(211,799		)	211,305
Provision (benefit) for taxes	5,045			12,717			1,836			29,805			—			49,403
Net income (loss)	$	161,902		$	84,257		$	23,775		$	103,767		$	(211,799	)	$	161,902
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,975			—			2,975			—			(2,975		)	2,975
Unrealized income (loss) on cash flow hedging derivatives	2,726			807			—			—			(807		)	2,726
Other comprehensive income (loss), (net of tax)	5,701			807			2,975			—			(3,782		)	5,701
Total Comprehensive Income (loss)	$	167,603		$	85,064		$	26,750		$	103,767		$	(215,581	)	$	167,603

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, net	10,858			6,901			9,731			(1,978		)	—			25,512
Net effect of swaps	810			567			—			—			—			1,377
Unrealized / realized foreign currency loss	—			—			(8,615		)	—			—			(8,615		)
Other (income) expense	188			(2,129		)	584			1,357			—			—
(Income) loss from investment in affiliates	(146,054		)	(78,714		)	(13,606		)	(40,904		)	279,278			—
Income (loss) before taxes	195,344			120,680			55,286			156,417			(279,278		)	248,449
Provision (benefit) for taxes	4,920			14,537			14,390			24,178			—			58,025
Net income (loss)	$	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 (loss)	$	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 Nine Months Ended September 28, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	133,000		$	246,800		$	110,354		$	884,327		$	(375,683	)	$	998,798
Costs and expenses:
Cost of food, merchandise, and games revenues	—			2,701			8,625			71,561			—			82,887
Operating expenses	3,908			155,169			39,622			583,175			(375,683		)	406,191
Selling, general and administrative	4,170			79,408			9,841			31,807			—			125,226
Depreciation and amortization	34,194			269			15,187			59,875			—			109,525
Gain on sale of other assets	—			—			—			(921		)	—			(921		)
Loss (gain) on impairment / retirement of fixed assets, net	781			—			229			1,677			—			2,687
	43,053			237,547			73,504			747,174			(375,683		)	725,595
Operating income	89,947			9,253			36,850			137,153			—			273,203
Interest expense (income), net	31,354			21,438			27,644			(6,430		)	—			74,006
Net effect of swaps	(650		)	(381		)	—			—			—			(1,031		)
Loss on early debt extinguishment	—			—			29,027			—			—			29,027
Unrealized / realized foreign currency gain	—			—			22,597			—			—			22,597
Other (income) expense	562			(8,104		)	1,436			6,106			—			—
(Income) loss from investment in affiliates	(72,051		)	(33,249		)	(21,141		)	6,399			120,042			—
Income (loss) before taxes	130,732			29,549			(22,713		)	131,078			(120,042		)	148,604
Provision (benefit) for taxes	8,468			(1,186		)	(16,315		)	35,373			—			26,340
Net loss	$	122,264		$	30,735		$	(6,398	)	$	95,705		$	(120,042	)	$	122,264
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,279			—			2,279			—			(2,279		)	2,279
Unrealized income (loss) on cash flow hedging derivatives	(165		)	(10		)	—			—			10			(165		)
Other comprehensive income (loss), (net of tax)	2,114			(10		)	2,279			—			(2,269		)	2,114
Total Comprehensive Loss	$	124,378		$	30,725		$	(4,119	)	$	95,705		$	(122,311	)	$	124,378

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 (loss)	90,642			23,663			42,227			141,326			—			297,858
Interest expense, 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) loss from investment in affiliates	(104,833		)	(58,614		)	(18,318		)	(15,029		)	196,794			—
Income (loss) 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 loss	$	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 (loss) on cash flow hedging derivatives	7,803			1,836			—			—			(1,836		)	7,803
Other comprehensive income (loss), (net of tax)	8,997			1,836			1,194			—			(3,030		)	8,997
Total Comprehensive Loss	$	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 Twelve Months Ended September 28, 2014

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	153,941		$	287,282		$	120,538		$	1,013,346		$	(437,232	)	$	1,137,875
Costs and expenses:
Cost of food, merchandise, and games revenues	—			2,701			8,871			81,154			—			92,726
Operating expenses	5,411			188,453			46,823			686,745			(437,232		)	490,200
Selling, general and administrative	5,577			98,649			11,465			36,414			—			152,105
Depreciation and amortization	39,329			278			16,723			67,369			—			123,699
(Gain) on sale of other assets	—			—			—			(921		)	—			(921		)
Loss on impairment / retirement of fixed assets, net	801			—			229			1,930			—			2,960
	51,118			290,081			84,111			872,691			(437,232		)	860,769
Operating income	102,823			(2,799		)	36,427			140,655			—			277,106
Interest (income) expense, net	42,404			28,489			37,682			(8,679		)	—			99,896
Net effect of swaps	(1,527		)	(936		)	—			—			—			(2,463		)
Loss on early debt extinguishment	—			—			29,027			—			—			29,027
Unrealized / realized foreign currency loss	—			—			36,309			—			—			36,309
Other (income) expense	749			(12,716		)	3,148			8,819			—			—
(Income) loss from investment in affiliates	(50,775		)	(12,155		)	(20,261		)	23,905			59,286			—
Income (loss) before taxes	111,972			(5,481		)	(49,478		)	116,610			(59,286		)	114,337
Provision (benefit) for taxes	10,192			(10,875		)	(25,575		)	38,815			—			12,557
Net income (loss)	$	101,780		$	5,394		$	(23,903	)	$	77,795		$	(59,286	)	$	101,780
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	3,841			—			3,841			—			(3,841		)	3,841
Unrealized income on cash flow hedging derivatives	2,768			1,002			—			—			(1,002		)	2,768
Other comprehensive income, (net of tax)	6,609			1,002			3,841			—			(4,843		)	6,609
Total Comprehensive Income (loss)	$	108,389		$	6,396		$	(20,062	)	$	77,795		$	(64,129	)	$	108,389

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 (gain) 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 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) loss from investment in affiliates	(95,234		)	(51,316		)	(18,019		)	(8,239		)	172,808			—
Income 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 (loss), (net of tax):
Cumulative foreign currency translation adjustment	2,814			—			2,814			—			(2,814		)	2,814
Unrealized income (loss) on cash flow hedging derivatives	9,740			2,385			—			—			(2,385		)	9,740
Other comprehensive income (loss), (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 CASH FLOWS

For the Nine Months Ended September 28, 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	$	122,796		$	11,832		$	14,637		$	164,278		$	(1,824	)	$	311,719
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables receipts	—			13,794			—			(77,332		)	63,538			—
Sale of other assets	—			—			—			1,377			—			1,377
Capital expenditures	(55,105		)	(257		)	(14,394		)	(67,257		)	—			(137,013		)
Net cash from investing activities	(55,105		)	13,537			(14,394		)	(143,212		)	63,538			(135,636		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Note borrowings	—			—			450,000			—			—			450,000
Note payments, including amounts paid for early termination	—			—			(426,148		)	—			—			(426,148		)
Distributions paid	(119,292		)	—			—			—			1,824			(117,468		)
Payment of debt issuance costs	—			—			(9,795		)	—			—			(9,795		)
Intercompany payables (payments) receipts	100,601			(26,534		)	3,486			(14,015		)	(63,538		)	—
Excess tax benefit from unit-based compensation expense	—			(785		)	—			—			—			(785		)
Net cash (for) financing activities	(18,691		)	(27,319		)	17,543			(14,015		)	(61,714		)	(104,196		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(569		)	—			—			(569		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	49,000			(1,950		)	17,217			7,051			—			71,318
Balance, beginning of period	75,000			4,144			35,575			3,337			—			118,056
Balance, end of period	$	124,000		$	2,194		$	52,792		$	10,388		$	—		$	189,374

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 (FOR) OPERATING ACTIVITIES	$	140,022		$	40,030			$	10,864		$	139,212		$	(13,173	)	$	316,955
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			41,768				—			(55,439		)	13,671			—
Sale of other assets	—			—				—			15,297			—			15,297
Capital expenditures	(43,568		)	—				(5,517		)	(48,449		)	—			(97,534		)
Net cash from (for) investing activities	(43,568		)	41,768				(5,517		)	(88,591		)	13,671			(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	(14,332		)	(8,028		)		(452		)	—			—			(22,812		)
Term debt payments, including amounts paid for early termination	(655,723		)	(462,438		)		(14,514		)	—			—			(1,132,675		)
Distributions/dividends (paid) received	(107,013		)	2,555				(13,173		)	—			13,173			(104,458		)
Intercompany payables (payments) receipts	134,695			(73,536		)		(5,656		)	(41,832		)	(13,671		)	—
Exercise of limited partnership unit options	—			43				—			—			—			43
Excess tax benefit from unit-based compensation expense	—			(148		)		—			—			—			(148		)
Net cash (for) financing activities	11,546			(79,949		)		(19,317		)	(41,832		)	(498		)	(130,050		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—				(16		)	—			—			(16		)
CASH AND CASH EQUIVALENTS
Net increase 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 Twelve Months Ended September 28, 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	$	145,424		$	(4,845	)	$	16,902		$	163,482		$	(2,966	)	$	317,997
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			16,049			—			(77,029		)	60,980			—
Sale of other assets	—			—			—			1,377			—			1,377
Capital expenditures	(67,790		)	(257		)	(18,851		)	(73,174		)	—			(160,072		)
Net cash (for) investing activities	(67,790		)	15,792			(18,851		)	(148,826		)	60,980			(158,695		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
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	(159,433		)	—			—			—			2,966			(156,467		)
Intercompany payables (payments) receipts	78,459			(7,234		)	6,025			(16,270		)	(60,980		)	—
Excess tax benefit from unit-based compensation expense	—			218			—			—			—			218
Payment of debt issuance costs	(203		)	(142		)	(9,887		)	—			—			(10,232		)
Exercise of limited partnership unit options	—			10			—			—			—			10
Net cash (for) financing activities	(86,634		)	(11,046		)	19,770			(16,270		)	(58,014		)	(152,194		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,216		)	—			—			(1,216		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(9,000		)	(99		)	16,605			(1,614		)	—			5,892
Balance, beginning of period	133,000			2,293			36,187			12,002			—			183,482
Balance, end of period	$	124,000		$	2,194		$	52,792		$	10,388		$	—		$	189,374

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 (FOR) OPERATING ACTIVITIES	$	212,330		$	(34,618	)	$	19,455		$	140,854		$	(13,173	)	$	324,848
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables payments	—			46,143			—			(60,099		)	13,956			—
Sale of other assets	—			—			—			30,182			—			30,182
Capital expenditures	(47,938		)	(1		)	(5,532		)	(63,290		)	—			(116,761		)
Net cash from (for) investing activities	(47,938		)	46,142			(5,532		)	(93,207		)	13,956			(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 amounts paid for early termination	(655,723		)	(462,438		)	(14,514		)	—			—			(1,132,675		)
Distributions/dividends (paid) received	(129,277		)	2,571			(13,173		)	—			13,173			(126,706		)
Intercompany payables (payments) receipts	71,020			(6,760		)	(4,098		)	(46,206		)	(13,956		)	—
Payment of debt issuance costs	(14,331		)	(8,028		)	(453		)	—			—			(22,812		)
Exercise of limited partnership unit options	—			43			—			—			—			43
Excess tax benefit from unit-based compensation	—			1,515			—			—			—			1,515
Net cash from (for) financing activities	(74,392		)	(11,494		)	(17,760		)	(46,206		)	(783		)	(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