Consolidating Financial Information of Guarantors and Issuers (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Consolidated Financial Information [Abstract]

Condensed Consolidating Balance Sheet

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2019

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2018

(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	$	—	$	—	$	73,326	$	32,715	$	(692	)	$	105,349
Receivables	—		1,093		34,497		938,397		(922,469		)	51,518
Inventories	—		—		2,135		28,618		—			30,753
Other current assets	179		1,411		5,462		10,544		(5,007		)	12,589
	179		2,504		115,420		1,010,274		(928,168		)	200,209
Property and Equipment, net	—		802		172,344		1,426,292		—			1,599,438
Investment in Park	601,706		1,182,345		262,462		218,575		(2,265,088		)	—
Goodwill	674		—		58,440		119,605		—			178,719
Other Intangibles, net	—		—		13,030		23,346		—			36,376
Deferred Tax Asset	—		18,224		—		—		(18,224		)	—
Other Assets	—		—		36		9,405		—			9,441
	$	602,559	$	1,203,875	$	621,732	$	2,807,497	$	(3,211,480	)	$	2,024,183
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—	$	984	$	—	$	4,641	$	—		$	5,625
Accounts payable	565,472		359,953		2,430		18,620		(923,161		)	23,314
Deferred revenue	—		—		8,460		98,614		—			107,074
Accrued interest	1		1		2,054		5,871		—			7,927
Accrued taxes	443		6,668		—		27,487		(5,007		)	29,591
Accrued salaries, wages and benefits	—		17,552		1,234		—		—			18,786
Self-insurance reserves	—		10,214		1,433		12,374					24,021
Other accrued liabilities	3,318		4,903		136		10,024		—			18,381
	569,234		400,275		15,747		177,631		(928,168		)	234,719
Deferred Tax Liability	—		—		12,425		87,516		(18,224		)	81,717
Derivative Liability	909		5,796		—		—		—			6,705
Other Liabilities	—		1,169		—		9,889		—			11,058
Long-Term Debt:
Term debt	—		126,525		—		592,982		—			719,507
Notes	—		—		446,241		491,820		—			938,061
	—		126,525		446,241		1,084,802		—			1,657,568
Equity	32,416		670,110		147,319		1,447,659		(2,265,088		)	32,416
	$	602,559	$	1,203,875	$	621,732	$	2,807,497	$	(3,211,480	)	$	2,024,183

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 25, 2018

(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	$	—		$	—	$	25,073	$	22,114	$	(4,299	)	$	42,888
Receivables	—			1,232		74,787		785,879		(831,103		)	30,795
Inventories	—			—		2,493		37,810		—			40,303
Other current assets	69			1,922		2,459		35,895		(347		)	39,998
	69			3,154		104,812		881,698		(835,749		)	153,984
Property and Equipment, net	—			827		180,303		1,439,969		—			1,621,099
Investment in Park	485,489			967,791		234,220		203,857		(1,891,357		)	—
Goodwill	674			—		62,012		119,605		—			182,291
Other Intangibles, net	—			—		13,834		23,876		—			37,710
Deferred Tax Asset	—			7,150		—		—		(7,150		)	—
Other Assets	—			—		39		9,468		—			9,507
	$	486,232		$	978,922	$	595,220	$	2,678,473	$	(2,734,256	)	$	2,004,591
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	531,176		$	302,858	$	1,806	$	39,374	$	(835,402	)	$	39,812
Deferred revenue	—			—		8,033		116,480		—			124,513
Accrued interest	215			143		7,634		13,127		—			21,119
Accrued taxes	883			—		463		9,177		(347		)	10,176
Accrued salaries, wages and benefits	—			13,777		736		—		—			14,513
Self-insurance reserves	—			10,438		1,543		12,830		—			24,811
Other accrued liabilities	3,283			5,249		268		9,436		—			18,236
	535,557			332,465		20,483		200,424		(835,749		)	253,180
Deferred Tax Liability	—			—		12,664		81,945		(7,150		)	87,459
Derivative Liability	1,638			1,092		—		—		—			2,730
Other Liabilities	—			705		—		10,698		—			11,403
Long-Term Debt:
Revolving credit loans	—			—		—		40,000		—			40,000
Term debt	—			127,350		—		596,175		—			723,525
Notes	—			—		445,458		491,799		—			937,257
	—			127,350		445,458		1,127,974		—			1,700,782
Equity	(50,963		)	517,310		116,615		1,257,432		(1,891,357		)	(50,963		)
	$	486,232		$	978,922	$	595,220	$	2,678,473	$	(2,734,256	)	$	2,004,591

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2019

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2018

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	—	$	73,326	$	30,663	$	2,052	$	(692	)	$	105,349
Receivables	—		1,093		34,497		36,242		902,155		(922,469		)	51,518
Inventories	—		—		2,135		23,402		5,216		—			30,753
Other current assets	179		1,411		5,462		8,980		1,564		(5,007		)	12,589
	179		2,504		115,420		99,287		910,987		(928,168		)	200,209
Property and Equipment, net	—		802		172,344		—		1,426,292		—			1,599,438
Investment in Park	601,706		1,182,345		262,462		1,517,897		218,574		(3,782,984		)	—
Goodwill	674		—		58,440		8,388		111,217		—			178,719
Other Intangibles, net	—		—		13,030		—		23,346		—			36,376
Deferred Tax Asset	—		18,224		—		—		—		(18,224		)	—
Other Assets	—		—		36		417		8,988		—			9,441
	$	602,559	$	1,203,875	$	621,732	$	1,625,989	$	2,699,404	$	(4,729,376	)	$	2,024,183
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—	$	984	$	—	$	4,641	$	—	$	—		$	5,625
Accounts payable	565,472		359,953		2,430		14,995		3,625		(923,161		)	23,314
Deferred revenue	—		—		8,460		74,062		24,552		—			107,074
Accrued interest	1		1		2,054		5,871		—		—			7,927
Accrued taxes	443		6,668		—		8,087		19,400		(5,007		)	29,591
Accrued salaries, wages and benefits	—		17,552		1,234		—		—		—			18,786
Self-insurance reserves	—		10,214		1,433		10,308		2,066		—			24,021
Other accrued liabilities	3,318		4,903		136		5,471		4,553		—			18,381
	569,234		400,275		15,747		123,435		54,196		(928,168		)	234,719
Deferred Tax Liability	—		—		12,425		—		87,516		(18,224		)	81,717
Derivative Liability	909		5,796		—		—		—		—			6,705
Other Liabilities	—		1,169		—		87		9,802		—			11,058
Long-Term Debt:
Term debt	—		126,525		—		592,982		—		—			719,507
Notes	—		—		446,241		491,820		—		—			938,061
	—		126,525		446,241		1,084,802		—		—			1,657,568
Equity	32,416		670,110		147,319		417,665		2,547,890		(3,782,984		)	32,416
	$	602,559	$	1,203,875	$	621,732	$	1,625,989	$	2,699,404	$	(4,729,376	)	$	2,024,183

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

March 25, 2018

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—		$	—	$	25,073	$	22,114	$	—	$	(4,299	)	$	42,888
Receivables	—			1,232		74,787		23,005		762,874		(831,103		)	30,795
Inventories	—			—		2,493		30,661		7,149		—			40,303
Other current assets	69			1,922		2,459		28,669		7,226		(347		)	39,998
	69			3,154		104,812		104,449		777,249		(835,749		)	153,984
Property and Equipment, net	—			827		180,303		—		1,439,969		—			1,621,099
Investment in Park	485,489			967,791		234,220		1,426,366		203,858		(3,317,724		)	—
Goodwill	674			—		62,012		8,388		111,217		—			182,291
Other Intangibles, net	—			—		13,834		—		23,876		—			37,710
Deferred Tax Asset	—			7,150		—		—		—		(7,150		)	—
Other Assets	—			—		39		399		9,069		—			9,507
	$	486,232		$	978,922	$	595,220	$	1,539,602	$	2,565,238	$	(4,160,623	)	$	2,004,591
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	531,176		$	302,858	$	1,806	$	30,271	$	9,103	$	(835,402	)	$	39,812
Deferred revenue	—			—		8,033		89,492		26,988		—			124,513
Accrued interest	215			143		7,634		13,127		—		—			21,119
Accrued taxes	883			—		463		7,782		1,395		(347		)	10,176
Accrued salaries, wages and benefits	—			13,777		736		—		—		—			14,513
Self-insurance reserves	—			10,438		1,543		10,475		2,355		—			24,811
Other accrued liabilities	3,283			5,249		268		5,054		4,382		—			18,236
	535,557			332,465		20,483		156,201		44,223		(835,749		)	253,180
Deferred Tax Liability	—			—		12,664		—		81,945		(7,150		)	87,459
Derivative Liability	1,638			1,092		—		—		—		—			2,730
Other Liabilities	—			705		—		120		10,578		—			11,403
Long-Term Debt:
Revolving credit loans	—			—		—		40,000		—		—			40,000
Term debt	—			127,350		—		596,175		—		—			723,525
Notes	—			—		445,458		491,799		—		—			937,257
	—			127,350		445,458		1,127,974		—		—			1,700,782
Equity	(50,963		)	517,310		116,615		255,307		2,428,492		(3,317,724		)	(50,963		)
	$	486,232		$	978,922	$	595,220	$	1,539,602	$	2,565,238	$	(4,160,623	)	$	2,004,591

Condensed Consolidating Statement of Operations

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2019

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 25, 2018

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	(10,767	)	$	854		$	271		$	49,787		$	14,582		$	54,727
Costs and expenses:
Cost of food, merchandise, and games revenues	—			—			—			6,003			—			6,003
Operating expenses	—			42,671			5,716			25,859			14,582			88,828
Selling, general and administrative	759			14,450			680			12,793			—			28,682
Depreciation and amortization	—			8			—			5,513			—			5,521
Loss on impairment / retirement of fixed assets, net	—			—			40			1,300			—			1,340
	759			57,129			6,436			51,468			14,582			130,374
Operating loss	(11,526		)	(56,275		)	(6,165		)	(1,681		)	—			(75,647		)
Interest expense, net	4,904			4,367			5,583			4,682			—			19,536
Net effect of swaps	(2,207		)	(1,421		)	—			—			—			(3,628		)
Loss on early debt extinguishment	—			187			—			886			—			1,073
Loss (gain) on foreign currency	—			(41		)	10,135			—			—			10,094
Other (income) expense	59			(9,804		)	854			8,768			—			(123		)
Loss from investment in affiliates	68,528			28,815			3,913			20,585			(121,841		)	—
Loss before taxes	(82,810		)	(78,378		)	(26,650		)	(36,602		)	121,841			(102,599		)
Provision (benefit) for taxes	590			(9,851		)	(6,062		)	(3,876		)	—			(19,199		)
Net loss	$	(83,400	)	$	(68,527	)	$	(20,588	)	$	(32,726	)	$	121,841		$	(83,400	)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	4,604			—			4,604			—			(4,604		)	4,604
Cash flow hedging derivative activity	2,018			630			—			—			(630		)	2,018
Other comprehensive income (loss), (net of tax)	6,622			630			4,604			—			(5,234		)	6,622
Total comprehensive loss	$	(76,778	)	$	(67,897	)	$	(15,984	)	$	(32,726	)	$	116,607		$	(76,778	)

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2019

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Three Months Ended March 25, 2018

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Co-Issuer Subsidiary (Millennium)		Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	(10,767	)	$	854		$	271		$	53,731	$	1,706		$	8,932		$	54,727
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			5,899		104			—			6,003
Operating expenses	—			42,671			5,716			22,620		8,889			8,932			88,828
Selling, general and administrative	759			14,450			680			11,643		1,150			—			28,682
Depreciation and amortization	—			8			—			—		5,513			—			5,521
Loss on impairment / retirement of fixed assets, net	—			—			40			651		649			—			1,340
	759			57,129			6,436			40,813		16,305			8,932			130,374
Operating income (loss)	(11,526		)	(56,275		)	(6,165		)	12,918		(14,599		)	—			(75,647		)
Interest (income) expense, net	4,904			4,367			5,583			11,553		(6,871		)	—			19,536
Net effect of swaps	(2,207		)	(1,421		)	—			—		—			—			(3,628		)
Loss on early debt extinguishment	—			187			—			886		—			—			1,073
Loss (gain) on foreign currency	—			(41		)	10,135			—		—			—			10,094
Other (income) expense	59			(9,804		)	854			—		8,768			—			(123		)
Loss from investment in affiliates	68,528			28,815			3,913			—		20,585			(121,841		)	—
Income (loss) before taxes	(82,810		)	(78,378		)	(26,650		)	479		(37,081		)	121,841			(102,599		)
Provision (benefit) for taxes	590			(9,851		)	(6,062		)	479		(4,355		)	—			(19,199		)
Net loss	$	(83,400	)	$	(68,527	)	$	(20,588	)	$	—	$	(32,726	)	$	121,841		$	(83,400	)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	4,604			—			4,604			—		—			(4,604		)	4,604
Cash flow hedging derivative activity	2,018			630			—			—		—			(630		)	2,018
Other comprehensive income (loss), (net of tax)	6,622			630			4,604			—		—			(5,234		)	6,622
Total comprehensive loss	$	(76,778	)	$	(67,897	)	$	(15,984	)	$	—	$	(32,726	)	$	116,607		$	(76,778	)

Condensed Consolidating Statement of Cash Flows

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2019

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 25, 2018

(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	$	16,999		$	58,464		$	(6,538	)	$	(120,584	)	$	(3,559	)	$	(55,218	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			—			(50,000		)	64,688			(14,688		)	—
Capital expenditures	—			—			(2,739		)	(42,053		)	—			(44,792		)
Net cash from (for) investing activities	—			—			(52,739		)	22,635			(14,688		)	(44,792		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Intercompany payables (payments) receipts	33,622			(48,310		)	—			—			14,688			—
Net borrowings on revolving credit loans	—			—			—			40,000			—			40,000
Distributions paid to partners	(50,621		)	—			—			—			355			(50,266		)
Payment of debt issuance costs	—			(321		)	—			(1,519		)	—			(1,840		)
Exercise of limited partnership unit options	—			125			—			—			—			125
Tax effect of units involved in treasury unit transactions	—			(3,039		)	—			—			—			(3,039		)
Payments related to tax withholding for equity compensation	—			(6,919		)	—			—			—			(6,919		)
Net cash from (for) financing activities	(16,999		)	(58,464		)	—			38,481			15,043			(21,939		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,408		)	—			—			(1,408		)
CASH AND CASH EQUIVALENTS
Net decrease for the period	—			—			(60,685		)	(59,468		)	(3,204		)	(123,357		)
Balance, beginning of period	—			—			85,758			81,582			(1,095		)	166,245
Balance, end of period	$	—		$	—		$	25,073		$	22,114		$	(4,299	)	$	42,888

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2019

(In thousands)

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

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 25, 2018

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Co-Issuer Subsidiary (Millennium)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	16,999		$	58,464		$	(6,538	)	$	(64,317	)	$	(56,267	)	$	(3,559	)	$	(55,218	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	—			—			(50,000		)	—			64,688			(14,688		)	—
Capital expenditures	—			—			(2,739		)	(32,480		)	(9,573		)	—			(44,792		)
Net cash from (for) investing activities	—			—			(52,739		)	(32,480		)	55,115			(14,688		)	(44,792		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Intercompany payables (payments) receipts	33,622			(48,310		)	—			—			—			14,688			—
Net borrowings on revolving credit loans	—			—			—			40,000			—			—			40,000
Distributions paid to partners	(50,621		)	—			—			—			—			355			(50,266		)
Payment of debt issuance costs	—			(321		)	—			(1,519		)	—			—			(1,840		)
Exercise of limited partnership unit options	—			125			—			—			—			—			125
Tax effect of units involved in treasury unit transactions	—			(3,039		)	—			—			—			—			(3,039		)
Payments related to tax withholding for equity compensation	—			(6,919		)	—			—			—			—			(6,919		)
Net cash from (for) financing activities	(16,999		)	(58,464		)	—			38,481			—			15,043			(21,939		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(1,408		)	—			—			—			(1,408		)
CASH AND CASH EQUIVALENTS
Net decrease for the period	—			—			(60,685		)	(58,316		)	(1,152		)	(3,204		)	(123,357		)
Balance, beginning of period	—			—			85,758			80,430			1,152			(1,095		)	166,245
Balance, end of period	$	—		$	—		$	25,073		$	22,114		$	—		$	(4,299	)	$	42,888