Consolidating Guarantor Financial Information (Tables)

12 Months Ended

Dec. 29, 2019

Dec. 30, 2018

Dec. 31, 2017

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Balance Sheet

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of December 29, 2019
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	30,122		$	1,665	$	2,984		$	—		$	34,771
Restricted cash	—			—		18			—			18
Accounts receivable	18,694			6,979		4,000			(3,331		)	26,342
Inventories	21,273			6,422		288			—			27,983
Prepaid assets	7,400			7,284		977			—			15,661
Total current assets	77,489			22,350		8,267			(3,331		)	104,775
Property and equipment, net	458,069			50,433		4,815			—			513,317
Operating lease right-of-use assets	480,609			42,906		9,398			—			532,913
Goodwill	433,024			51,414		—			—			484,438
Intangible assets, net	7,936			460,770		—			—			468,706
Intercompany	99,502			358		—			(99,860		)	—
Investment in subsidiaries	422,561			—		—			(422,561		)	—
Other noncurrent assets	6,290			9,086		24			—			15,400
Total assets	$	1,985,480		$	637,317	$	22,504		$	(525,752	)	$	2,119,549
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	7,600		$	—	$	—		$	—		$	7,600
Operating lease obligations, current portion	43,747			4,106		1,067			—			48,920
Finance lease obligations, current portion	791			—		19			—			810
Accounts payable and accrued expenses	58,270			47,195		4,140			—			109,605
Other current liabilities	3,870			—		—			—			3,870
Total current liabilities	114,278			51,301		5,226			—			170,805
Finance lease obligations, less current portion	11,482			—		20			—			11,502
Operating lease obligations, less current portion	462,593			54,235		8,707			—			525,535
Bank indebtedness and other long-term debt, less current portion	921,968			—		—			—			921,968
Deferred tax liability	81,673			12,733		(1,966		)	—			92,440
Intercompany	—			75,556		27,635			(103,191		)	—
Other noncurrent liabilities	179,700			3,813		—			—			183,513
Total liabilities	1,771,694			197,638		39,622			(103,191		)	1,905,763
Stockholder's equity:
Common stock	—			—		—			—			—
Capital in excess of par value	360,005			391,114		3,241			(394,355		)	360,005
Retained earnings (deficit)	(144,583		)	48,565		(18,723		)	(29,842		)	(144,583		)
Accumulated other comprehensive income (loss)	(1,636		)	—		(1,636		)	1,636			(1,636		)
Total stockholder's equity	213,786			439,679		(17,118		)	(422,561		)	213,786
Total liabilities and stockholder's equity	$	1,985,480		$	637,317	$	22,504		$	(525,752	)	$	2,119,549

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of December 29, 2019
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	30,122		$	1,665	$	2,984		$	—		$	34,771
Restricted cash	—			—		18			—			18
Accounts receivable	18,694			6,979		4,000			(3,331		)	26,342
Inventories	21,273			6,422		288			—			27,983
Prepaid assets	7,400			7,284		977			—			15,661
Total current assets	77,489			22,350		8,267			(3,331		)	104,775
Property and equipment, net	458,069			50,433		4,815			—			513,317
Operating lease right-of-use assets	480,609			42,906		9,398			—			532,913
Goodwill	433,024			51,414		—			—			484,438
Intangible assets, net	7,936			460,770		—			—			468,706
Intercompany	99,502			358		—			(99,860		)	—
Investment in subsidiaries	422,561			—		—			(422,561		)	—
Other noncurrent assets	6,290			9,086		24			—			15,400
Total assets	$	1,985,480		$	637,317	$	22,504		$	(525,752	)	$	2,119,549
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	7,600		$	—	$	—		$	—		$	7,600
Operating lease obligations, current portion	43,747			4,106		1,067			—			48,920
Finance lease obligations, current portion	791			—		19			—			810
Accounts payable and accrued expenses	58,270			47,195		4,140			—			109,605
Other current liabilities	3,870			—		—			—			3,870
Total current liabilities	114,278			51,301		5,226			—			170,805
Finance lease obligations, less current portion	11,482			—		20			—			11,502
Operating lease obligations, less current portion	462,593			54,235		8,707			—			525,535
Bank indebtedness and other long-term debt, less current portion	921,968			—		—			—			921,968
Deferred tax liability	81,673			12,733		(1,966		)	—			92,440
Intercompany	—			75,556		27,635			(103,191		)	—
Other noncurrent liabilities	179,700			3,813		—			—			183,513
Total liabilities	1,771,694			197,638		39,622			(103,191		)	1,905,763
Stockholder's equity:
Common stock	—			—		—			—			—
Capital in excess of par value	360,005			391,114		3,241			(394,355		)	360,005
Retained earnings (deficit)	(144,583		)	48,565		(18,723		)	(29,842		)	(144,583		)
Accumulated other comprehensive income (loss)	(1,636		)	—		(1,636		)	1,636			(1,636		)
Total stockholder's equity	213,786			439,679		(17,118		)	(422,561		)	213,786
Total liabilities and stockholder's equity	$	1,985,480		$	637,317	$	22,504		$	(525,752	)	$	2,119,549

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of December 30, 2018
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	54,775		$	6,725	$	1,670		—			$	63,170
Restricted cash	—			—		151			—			151
Accounts receivable	28,421			4,956		4,117			(3,314		)	34,180
Inventories	16,896			6,617		294			—			23,807
Prepaid assets	14,264			10,562		598			—			25,424
Total current assets	114,356			28,860		6,830			(3,314		)	146,732
Property and equipment, net	468,827			64,721		5,637			—			539,185
Goodwill	433,024			51,414		—			—			484,438
Intangible assets, net	14,716			462,369		—			—			477,085
Intercompany	78,402			66,373		—			(144,775		)	—
Investment in subsidiaries	477,556			—		—			(477,556		)	—
Other noncurrent assets	7,292			11,409		24			—			18,725
Total assets	$	1,594,173		$	685,146	$	12,491		$	(625,645	)	$	1,666,165
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	7,600		$	—	$	—		$	—		$	7,600
Finance lease obligations, current portion	661			—		16			—			677
Accounts payable and accrued expenses	56,277			34,429		2,321			—			93,027
Other current liabilities	4,768			510		—			—			5,278
Total current liabilities	69,306			34,939		2,337			—			106,582
Finance lease obligations, less current portion	12,296			—		34			—			12,330
Bank indebtedness and other long-term debt, less current portion	961,514			—		—			—			961,514
Deferred tax liability	91,049			17,866		(1,857		)	—			107,058
Intercompany	—			119,498		28,591			(148,089		)	—
Other noncurrent liabilities	217,437			18,191		482			—			236,110
Total liabilities	1,351,602			190,494		29,587			(148,089		)	1,423,594
Stockholder's equity:
Common stock	—			—		—			—			—
Capital in excess of par value	359,570			466,114		3,241			(469,355		)	359,570
Retained earnings (deficit)	(115,660		)	28,538		(18,691		)	(9,847		)	(115,660		)
Accumulated other comprehensive income (loss)	(1,339		)	—		(1,646		)	1,646			(1,339		)
Total stockholder's equity	242,571			494,652		(17,096		)	(477,556		)	242,571
Total liabilities and stockholder's equity	$	1,594,173		$	685,146	$	12,491		$	(625,645	)	$	1,666,165

Condensed Consolidating Income Statement

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
Fiscal Year 2019
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	331,077		$	54,702	$	5,112		$	—		$	390,891
Entertainment and merchandise sales	444,780			44,361		10,063			—			499,204
Total company venue sales	775,857			99,063		15,175			—			890,095
Franchise fees and royalties	2,191			17,984		2,595			—			22,770
International Association assessments and other fees	1,150			42,518		36,963			(80,631		)	—
Total revenues	779,198			159,565		54,733			(80,631		)	912,865
Operating Costs and Expenses:
Company venue operating costs (excluding Depreciation and amortization):
Cost of food and beverage	74,567			14,286		1,729			—			90,582
Cost of entertainment and merchandise	38,380			1,624		963			—			40,967
Total cost of food, beverage, entertainment and merchandise	112,947			15,910		2,692			—			131,549
Labor expenses	239,810			19,267		4,821			—			263,898
Lease costs	99,314			7,412		2,317						109,043
Other venue operating expenses	159,213			15,899		3,322			(43,694		)	134,740
Total company venue operating costs	611,284			58,488		13,152			(43,694		)	639,230
Advertising expense	36,923			5,386		39,373			(36,937		)	44,745
General and administrative expenses	18,701			38,610		(351		)	—			56,960
Depreciation and amortization	86,243			9,820		1,566			—			97,629
Transaction, severance and related litigation costs	770			—		—			—			770
Asset Impairments	3,134			20,199		—			—			23,333
Total operating costs and expenses	757,055			132,503		53,740			(80,631		)	862,667
Operating income	22,143			27,062		993			—			50,198
Equity in earnings (loss) in affiliates	20,409			—		—			(20,409		)	—
Interest expense	81,969			4,557		717			—			87,243
Loss on extinguishment of debt	2,242			—		—			—			2,242
Income (loss) before income taxes	(41,659		)	22,505		276			(20,409		)	(39,287		)
Income tax expense (benefit)	(12,736		)	2,480		(108		)	—			(10,364		)
Net income (loss)	$	(28,923	)	$	20,025	$	384		$	(20,409	)	$	(28,923	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(297		)	—		(297		)	297			(297		)
Comprehensive income (loss)	$	(29,220	)	$	20,025	$	87		$	(20,112	)	$	(29,220	)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
Fiscal Year 2018
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	338,837		$	52,353	$	5,468		$	—		$	396,658
Entertainment and merchandise sales	432,266			36,086		10,324			—			478,676
Total company venue sales	771,103			88,439		15,792			—			875,334
Franchise fees and royalties	1,797			16,693		2,242			—			20,732
International Association assessments and other fees	1,187			38,659		36,043			(75,889		)	—
Total revenues	774,087			143,791		54,077			(75,889		)	896,066
Operating Costs and Expenses:
Company venue operating costs (excluding Depreciation and amortization):
Cost of food and beverage	78,458			13,925		1,936			—			94,319
Cost of entertainment and merchandise	34,435			1,580		635			—			36,650
Total cost of food, beverage, entertainment and merchandise	112,893			15,505		2,571			—			130,969
Labor expenses	231,727			19,657		4,943			—			256,327
Lease costs	86,882			7,544		2,058			—			96,484
Other venue operating expenses	170,239			16,287		3,602			(39,873		)	150,255
Total company venue operating costs	601,741			58,993		13,174			(39,873		)	634,035
Advertising expense	36,833			6,051		41,330			(36,016		)	48,198
General and administrative expenses	17,956			35,184		1,710			—			54,850
Depreciation and amortization	88,174			10,606		1,940			—			100,720
Transaction, severance and related litigation costs	277			250		—			—			527
Asset Impairments	2,591			4,341		3			—			6,935
Total operating costs and expenses	747,572			115,425		58,157			(75,889		)	845,265
Operating income (loss)	26,515			28,366		(4,080		)	—			50,801
Equity in earnings (loss) in affiliates	13,940			—		—			(13,940		)	—
Interest expense	72,394			3,241		648			—			76,283
Income (loss) before income taxes	(31,939		)	25,125		(4,728		)	(13,940		)	(25,482		)
Income tax expense (benefit)	(11,478		)	7,295		(838		)	—			(5,021		)
Net income (loss)	$	(20,461	)	$	17,830	$	(3,890	)	$	(13,940	)	$	(20,461	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	547			—		547			(547		)	547
Comprehensive income (loss)	$	(19,914	)	$	17,830	$	(3,343	)	$	(14,487	)	$	(19,914	)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
Fiscal Year 2019
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	331,077		$	54,702	$	5,112		$	—		$	390,891
Entertainment and merchandise sales	444,780			44,361		10,063			—			499,204
Total company venue sales	775,857			99,063		15,175			—			890,095
Franchise fees and royalties	2,191			17,984		2,595			—			22,770
International Association assessments and other fees	1,150			42,518		36,963			(80,631		)	—
Total revenues	779,198			159,565		54,733			(80,631		)	912,865
Operating Costs and Expenses:
Company venue operating costs (excluding Depreciation and amortization):
Cost of food and beverage	74,567			14,286		1,729			—			90,582
Cost of entertainment and merchandise	38,380			1,624		963			—			40,967
Total cost of food, beverage, entertainment and merchandise	112,947			15,910		2,692			—			131,549
Labor expenses	239,810			19,267		4,821			—			263,898
Lease costs	99,314			7,412		2,317						109,043
Other venue operating expenses	159,213			15,899		3,322			(43,694		)	134,740
Total company venue operating costs	611,284			58,488		13,152			(43,694		)	639,230
Advertising expense	36,923			5,386		39,373			(36,937		)	44,745
General and administrative expenses	18,701			38,610		(351		)	—			56,960
Depreciation and amortization	86,243			9,820		1,566			—			97,629
Transaction, severance and related litigation costs	770			—		—			—			770
Asset Impairments	3,134			20,199		—			—			23,333
Total operating costs and expenses	757,055			132,503		53,740			(80,631		)	862,667
Operating income	22,143			27,062		993			—			50,198
Equity in earnings (loss) in affiliates	20,409			—		—			(20,409		)	—
Interest expense	81,969			4,557		717			—			87,243
Loss on extinguishment of debt	2,242			—		—			—			2,242
Income (loss) before income taxes	(41,659		)	22,505		276			(20,409		)	(39,287		)
Income tax expense (benefit)	(12,736		)	2,480		(108		)	—			(10,364		)
Net income (loss)	$	(28,923	)	$	20,025	$	384		$	(20,409	)	$	(28,923	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(297		)	—		(297		)	297			(297		)
Comprehensive income (loss)	$	(29,220	)	$	20,025	$	87		$	(20,112	)	$	(29,220	)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
Fiscal Year 2018
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	338,837		$	52,353	$	5,468		$	—		$	396,658
Entertainment and merchandise sales	432,266			36,086		10,324			—			478,676
Total company venue sales	771,103			88,439		15,792			—			875,334
Franchise fees and royalties	1,797			16,693		2,242			—			20,732
International Association assessments and other fees	1,187			38,659		36,043			(75,889		)	—
Total revenues	774,087			143,791		54,077			(75,889		)	896,066
Operating Costs and Expenses:
Company venue operating costs (excluding Depreciation and amortization):
Cost of food and beverage	78,458			13,925		1,936			—			94,319
Cost of entertainment and merchandise	34,435			1,580		635			—			36,650
Total cost of food, beverage, entertainment and merchandise	112,893			15,505		2,571			—			130,969
Labor expenses	231,727			19,657		4,943			—			256,327
Lease costs	86,882			7,544		2,058			—			96,484
Other venue operating expenses	170,239			16,287		3,602			(39,873		)	150,255
Total company venue operating costs	601,741			58,993		13,174			(39,873		)	634,035
Advertising expense	36,833			6,051		41,330			(36,016		)	48,198
General and administrative expenses	17,956			35,184		1,710			—			54,850
Depreciation and amortization	88,174			10,606		1,940			—			100,720
Transaction, severance and related litigation costs	277			250		—			—			527
Asset Impairments	2,591			4,341		3			—			6,935
Total operating costs and expenses	747,572			115,425		58,157			(75,889		)	845,265
Operating income (loss)	26,515			28,366		(4,080		)	—			50,801
Equity in earnings (loss) in affiliates	13,940			—		—			(13,940		)	—
Interest expense	72,394			3,241		648			—			76,283
Income (loss) before income taxes	(31,939		)	25,125		(4,728		)	(13,940		)	(25,482		)
Income tax expense (benefit)	(11,478		)	7,295		(838		)	—			(5,021		)
Net income (loss)	$	(20,461	)	$	17,830	$	(3,890	)	$	(13,940	)	$	(20,461	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	547			—		547			(547		)	547
Comprehensive income (loss)	$	(19,914	)	$	17,830	$	(3,343	)	$	(14,487	)	$	(19,914	)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
Fiscal Year 2017
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	351,374		$	52,962	$	6,273		$	—		$	410,609
Entertainment and merchandise sales	406,930			41,036		10,313			—			458,279
Total company venue sales	758,304			93,998		16,586			—			868,888
Franchise fees and royalties	1,694			16,189		—						17,883
International Association assessments and other fees	1,684			37,743		34,366			(73,793		)	—
Total revenues	761,682			147,930		50,952			(73,793		)	886,771
Operating Costs and Expenses:
Company venue operating costs (excluding Depreciation and amortization):
Cost of food and beverage	81,420			14,137		2,013			—			97,570
Cost of entertainment and merchandise	27,704			1,591		653			—			29,948
Total cost of food, beverage, entertainment and merchandise	109,124			15,728		2,666			—			127,518
Labor expenses	224,176			18,791		5,094			—			248,061
Rent expense	87,342			6,375		2,200			—			95,917
Other venue operating expenses	168,991			15,122		4,802			(39,453		)	149,462
Total company venue operating costs	589,633			56,016		14,762			(39,453		)	620,958
Advertising expense	35,514			5,437		41,768			(34,340		)	48,379
General and administrative expenses	20,208			35,950		324			—			56,482
Depreciation and amortization	97,789			9,900		2,082			—			109,771
Transaction, severance and related litigation costs	974			474		—			—			1,448
Asset Impairment	1,824			14		5			—			1,843
Total operating costs and expenses	745,942			107,791		58,941			(73,793		)	838,881
Operating income (loss)	15,740			40,139		(7,989		)	—			47,890
Equity in earnings (loss) in affiliates	25,405			—		—			(25,405		)	—
Interest expense	64,117			4,261		737			—			69,115
Income (loss) before income taxes	(22,972		)	35,878		(8,726		)	(25,405		)	(21,225		)
Income tax expense (benefit)	(76,038		)	2,407		(660		)	—			(74,291		)
Net income (loss)	$	53,066		$	33,471	$	(8,066	)	$	(25,405	)	$	53,066
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	1,010			—		1,010			(1,010		)	1,010
Comprehensive income (loss)	$	54,076		$	33,471	$	(7,056	)	$	(26,415	)	$	54,076

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
Fiscal Year 2017
(in thousands)
	Issuer			Guarantor		Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	351,374		$	52,962	$	6,273		$	—		$	410,609
Entertainment and merchandise sales	406,930			41,036		10,313			—			458,279
Total company venue sales	758,304			93,998		16,586			—			868,888
Franchise fees and royalties	1,694			16,189		—						17,883
International Association assessments and other fees	1,684			37,743		34,366			(73,793		)	—
Total revenues	761,682			147,930		50,952			(73,793		)	886,771
Operating Costs and Expenses:
Company venue operating costs (excluding Depreciation and amortization):
Cost of food and beverage	81,420			14,137		2,013			—			97,570
Cost of entertainment and merchandise	27,704			1,591		653			—			29,948
Total cost of food, beverage, entertainment and merchandise	109,124			15,728		2,666			—			127,518
Labor expenses	224,176			18,791		5,094			—			248,061
Rent expense	87,342			6,375		2,200			—			95,917
Other venue operating expenses	168,991			15,122		4,802			(39,453		)	149,462
Total company venue operating costs	589,633			56,016		14,762			(39,453		)	620,958
Advertising expense	35,514			5,437		41,768			(34,340		)	48,379
General and administrative expenses	20,208			35,950		324			—			56,482
Depreciation and amortization	97,789			9,900		2,082			—			109,771
Transaction, severance and related litigation costs	974			474		—			—			1,448
Asset Impairment	1,824			14		5			—			1,843
Total operating costs and expenses	745,942			107,791		58,941			(73,793		)	838,881
Operating income (loss)	15,740			40,139		(7,989		)	—			47,890
Equity in earnings (loss) in affiliates	25,405			—		—			(25,405		)	—
Interest expense	64,117			4,261		737			—			69,115
Income (loss) before income taxes	(22,972		)	35,878		(8,726		)	(25,405		)	(21,225		)
Income tax expense (benefit)	(76,038		)	2,407		(660		)	—			(74,291		)
Net income (loss)	$	53,066		$	33,471	$	(8,066	)	$	(25,405	)	$	53,066
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	1,010			—		1,010			(1,010		)	1,010
Comprehensive income (loss)	$	54,076		$	33,471	$	(7,056	)	$	(26,415	)	$	54,076

Condensed Financial Statements [Text Block]

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
Fiscal Year 2019
(in thousands)
	Issuer				Guarantors			Non-Guarantors			Consolidated
Cash flows provided by operating activities:	$	107,867			$	1,473		$	1,802		$	111,142
Cash flows from investing activities:
Purchases of property and equipment	(80,476		)		(5,937		)	(605		)	(87,018		)
Development of internal use software	(174		)		(596		)	—			(770		)
Proceeds from sale of property and equipment	204				—			—			204
Cash flows used in investing activities	(80,446		)		(6,533		)	(605		)	(87,584		)
Cash flows from financing activities:
Proceeds from refinancing of senior term loan	479,449				—			—			479,449
Repayments on senior term loan	(473,749		)		—			—			(473,749		)
Repurchase of Senior Notes	(38,337		)		—			—			(38,337		)
Payment of debt financing costs	(15,375		)		—			—			(15,375		)
Payments on capital lease obligations	(683		)		—			(14		)	(697		)
Payments on sale leaseback transactions	(3,379		)	—	—			—			(3,379		)
Cash flows used in financing activities	(52,074		)		—			(14		)	(52,088		)
Effect of foreign exchange rate changes on cash	—				—			(2		)	(2		)
Change in cash, cash equivalents and restricted cash	(24,653		)		(5,060		)	1,181			(28,532		)
Cash, cash equivalents and restricted cash at beginning of period	54,775				6,725			1,821			63,321
Cash, cash equivalents and restricted cash at end of period	$	30,122			$	1,665		$	3,002		$	34,789

Consolidating Guarantor Financial Information:

On February 14, 2014, CEC Entertainment, Inc. (the “Issuer”), merged with and into an entity controlled by Apollo Global Management, LLC and its subsidiaries, which we refer to as the “Merger.” The Senior Notes issued by the Issuer in conjunction with the Merger are our unsecured obligations and are fully and unconditionally, jointly and severally guaranteed by all of our 100% wholly-owned U.S. subsidiaries (the “Guarantors”). Our wholly-owned foreign subsidiaries and our less-than-wholly-owned U.S. subsidiaries are not a party to the guarantees (the “Non-Guarantors”). The following schedules present the condensed consolidating financial statements of the Issuer, Guarantors and Non-Guarantors, as well as consolidated results, for the periods presented:

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
Fiscal Year 2018
(in thousands)
	Issuer				Guarantors				Non-Guarantors				Consolidated
Cash flows provided by (used in) operating activities:	$	68,828			$	21,872			$	(3,910	)		$	86,790
Cash flows from investing activities:
Purchases of property and equipment	(61,178		)		(14,646		)		(1,264		)		(77,088		)
Development of internal use software	(1,845		)		(911		)		—				(2,756		)
Proceeds from sale of property and equipment	560				—				—				560
Cash flows used in investing activities	(62,463		)	—	(15,557		)	—	(1,264		)	—	(79,284		)
Cash flows from financing activities:
Repayments on senior term loan	(7,600		)		—				—				(7,600		)
Payment of debt financing costs	(442		)		—				—				(442		)
Payments on capital lease obligations	(586		)		—				(9		)		(595		)
Payments on sale leaseback transactions	(2,910		)		—				—				(2,910		)
Cash flows used in financing activities	(11,538		)		—				(9		)		(11,547		)
Effect of foreign exchange rate changes on cash	—				—				50				50
Change in cash and cash equivalents and restricted cash	(5,173		)		6,315				(5,133		)		(3,991		)
Cash and cash equivalents and restricted cash at beginning of period	59,948				410				6,954				67,312
Cash and cash equivalents and restricted cash at end of period	$	54,775			$	6,725			$	1,821			$	63,321

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
Fiscal Year 2019
(in thousands)
	Issuer				Guarantors			Non-Guarantors			Consolidated
Cash flows provided by operating activities:	$	107,867			$	1,473		$	1,802		$	111,142
Cash flows from investing activities:
Purchases of property and equipment	(80,476		)		(5,937		)	(605		)	(87,018		)
Development of internal use software	(174		)		(596		)	—			(770		)
Proceeds from sale of property and equipment	204				—			—			204
Cash flows used in investing activities	(80,446		)		(6,533		)	(605		)	(87,584		)
Cash flows from financing activities:
Proceeds from refinancing of senior term loan	479,449				—			—			479,449
Repayments on senior term loan	(473,749		)		—			—			(473,749		)
Repurchase of Senior Notes	(38,337		)		—			—			(38,337		)
Payment of debt financing costs	(15,375		)		—			—			(15,375		)
Payments on capital lease obligations	(683		)		—			(14		)	(697		)
Payments on sale leaseback transactions	(3,379		)	—	—			—			(3,379		)
Cash flows used in financing activities	(52,074		)		—			(14		)	(52,088		)
Effect of foreign exchange rate changes on cash	—				—			(2		)	(2		)
Change in cash, cash equivalents and restricted cash	(24,653		)		(5,060		)	1,181			(28,532		)
Cash, cash equivalents and restricted cash at beginning of period	54,775				6,725			1,821			63,321
Cash, cash equivalents and restricted cash at end of period	$	30,122			$	1,665		$	3,002		$	34,789

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
Fiscal Year 2018
(in thousands)
	Issuer				Guarantors				Non-Guarantors				Consolidated
Cash flows provided by (used in) operating activities:	$	68,828			$	21,872			$	(3,910	)		$	86,790
Cash flows from investing activities:
Purchases of property and equipment	(61,178		)		(14,646		)		(1,264		)		(77,088		)
Development of internal use software	(1,845		)		(911		)		—				(2,756		)
Proceeds from sale of property and equipment	560				—				—				560
Cash flows used in investing activities	(62,463		)	—	(15,557		)	—	(1,264		)	—	(79,284		)
Cash flows from financing activities:
Repayments on senior term loan	(7,600		)		—				—				(7,600		)
Payment of debt financing costs	(442		)		—				—				(442		)
Payments on capital lease obligations	(586		)		—				(9		)		(595		)
Payments on sale leaseback transactions	(2,910		)		—				—				(2,910		)
Cash flows used in financing activities	(11,538		)		—				(9		)		(11,547		)
Effect of foreign exchange rate changes on cash	—				—				50				50
Change in cash and cash equivalents and restricted cash	(5,173		)		6,315				(5,133		)		(3,991		)
Cash and cash equivalents and restricted cash at beginning of period	59,948				410				6,954				67,312
Cash and cash equivalents and restricted cash at end of period	$	54,775			$	6,725			$	1,821			$	63,321

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
Fiscal Year 2017
(in thousands)
	Successor
	Issuer				Guarantors				Non-Guarantors				Consolidated
Cash flows provided by operating activities:	$	73,925			$	29,569			$	803			$	104,297
Cash flows from investing activities:
Purchases of property and equipment	(62,544		)		(27,061		)		(1,353		)		(90,958		)
Development of internal use software	—				(3,243		)		—				(3,243		)
Proceeds from sale of property and equipment	489				—				—				489
Cash flows used in investing activities	(62,055		)	—	(30,304		)	—	(1,353		)	—	(93,712		)
Cash flows from financing activities:
Repayments on senior term loan	(7,600		)		—				—				(7,600		)
Repayments on note payable	—				(13		)		—				(13		)
Proceeds from financing sale-leaseback transaction	4,073				—				—				4,073
Payments on capital lease obligations	(460		)		—				(7		)		(467		)
Payments on sale leaseback transactions	(2,470		)		—				—				(2,470		)
Return of capital	1,447				—				—				1,447
Cash flows used in financing activities	(5,010		)		(13		)		(7		)		(5,030		)
Effect of foreign exchange rate changes on cash	—				—				466				466
				—				—				—
Change in cash and cash equivalents and restricted cash	6,860				(748		)		(91		)		6,021
Cash and cash equivalents and restricted cash at beginning of period	$	53,088			$	1,158			$	7,045			$	61,291
Cash and cash equivalents and restricted cash at end of period	$	59,948			$	410			$	6,954			$	67,312

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
Fiscal Year 2017
(in thousands)
	Successor
	Issuer				Guarantors				Non-Guarantors				Consolidated
Cash flows provided by operating activities:	$	73,925			$	29,569			$	803			$	104,297
Cash flows from investing activities:
Purchases of property and equipment	(62,544		)		(27,061		)		(1,353		)		(90,958		)
Development of internal use software	—				(3,243		)		—				(3,243		)
Proceeds from sale of property and equipment	489				—				—				489
Cash flows used in investing activities	(62,055		)	—	(30,304		)	—	(1,353		)	—	(93,712		)
Cash flows from financing activities:
Repayments on senior term loan	(7,600		)		—				—				(7,600		)
Repayments on note payable	—				(13		)		—				(13		)
Proceeds from financing sale-leaseback transaction	4,073				—				—				4,073
Payments on capital lease obligations	(460		)		—				(7		)		(467		)
Payments on sale leaseback transactions	(2,470		)		—				—				(2,470		)
Return of capital	1,447				—				—				1,447
Cash flows used in financing activities	(5,010		)		(13		)		(7		)		(5,030		)
Effect of foreign exchange rate changes on cash	—				—				466				466
				—				—				—
Change in cash and cash equivalents and restricted cash	6,860				(748		)		(91		)		6,021
Cash and cash equivalents and restricted cash at beginning of period	$	53,088			$	1,158			$	7,045			$	61,291
Cash and cash equivalents and restricted cash at end of period	$	59,948			$	410			$	6,954			$	67,312