FUN · Cedar Fair L P - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101.61M | - | $842.01M | $500.98M | $84.55M | - | $843.06M | $509.49M | $98.83M | - |
| Cost of Revenue | $11.61M | - | $70.07M | $48.63M | $10.38M | - | $73.07M | $49.16M | $10.82M | - |
| Gross Profit | $90.00M | - | $771.94M | $452.35M | $74.17M | - | $769.99M | $460.33M | $88.01M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $61.42M | - | $95.89M | $67.05M | $46.47M | - | $88.16M | $65.60M | $40.79M | - |
| Total Operating Expenses | $227.90M | - | $535.38M | $407.31M | $207.50M | - | $400.86M | $397.42M | $182.61M | - |
| D&A | $10.31M | - | $65.94M | $48.09M | $13.68M | - | $67.81M | $49.04M | $9.60M | - |
| Operating Income | ($126.28M) | - | $306.63M | $93.67M | ($122.95M) | - | $442.20M | $112.07M | ($83.77M) | - |
| Interest Expense | $34.70M | - | $36.13M | $37.37M | $32.13M | - | $37.05M | $40.21M | $38.12M | - |
| Income Tax | ($32.42M) | - | $50.67M | $13.66M | ($24.09M) | - | $61.15M | $19.37M | ($19.15M) | - |
| Net Income | ($133.47M) | - | $215.49M | $53.56M | ($134.55M) | - | $333.05M | $50.77M | ($88.51M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $35.13M | $65.49M | $134.39M | $49.18M | $33.56M | $101.19M | $288.38M | $124.93M | $49.96M | $61.12M |
| Accounts Receivable | $61.53M | $79.51M | $88.26M | $99.98M | $54.39M | $70.93M | $77.85M | $101.45M | $61.45M | $62.11M |
| Inventory | $55.88M | $44.10M | $54.93M | $65.85M | $56.79M | $45.30M | $49.67M | $56.61M | $39.27M | $32.11M |
| Accounts Payable | $52.85M | $37.59M | $56.15M | $79.34M | $66.20M | $54.98M | $63.27M | $80.95M | $57.84M | $53.91M |
| Current Assets | $190.19M | $208.84M | $305.31M | $262.58M | $184.16M | $243.76M | $438.95M | $476.38M | $264.56M | $263.64M |
| Total Assets | $2.26B | $2.24B | $2.32B | $2.32B | $2.21B | $2.24B | $2.41B | $2.42B | $2.35B | $2.31B |
| Current Liabilities | $424.27M | $402.73M | $446.46M | $496.18M | $411.52M | $396.97M | $461.43M | $509.39M | $407.09M | $381.51M |
| Long-term Debt | $2.44B | $2.28B | $2.27B | $2.43B | $2.44B | $2.27B | $2.27B | $2.55B | $2.65B | $2.52B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($110.61M) | - | - | - | ($107.14M) | - | - | - | ($95.37M) | - |
| Investing Cash Flow | ($57.09M) | - | - | - | ($54.70M) | - | - | - | ($33.98M) | - |
| Financing Cash Flow | $137.91M | - | - | - | $94.18M | - | - | - | $117.91M | - |
| CapEx | $57.09M | - | - | - | $54.70M | - | - | - | $33.98M | - |
| Free Cash Flow | ($167.70M) | - | - | - | ($161.84M) | - | - | - | ($129.35M) | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 88.6% | - | 91.7% | 90.3% | 87.7% | - | 91.3% | 90.4% | 89.0% | - |
| Operating margin | -124.3% | - | 36.4% | 18.7% | -145.4% | - | 52.5% | 22.0% | -84.8% | - |
| EBITDA margin | -114.1% | - | 44.2% | 28.3% | -129.2% | - | 60.5% | 31.6% | -75.0% | - |
| Net margin | -131.3% | - | 25.6% | 10.7% | -159.1% | - | 39.5% | 10.0% | -89.6% | - |
| Free cash flow margin | -165.0% | - | - | - | -191.4% | - | - | - | -130.9% | - |
| FCF / Net income | 1.26 | - | - | - | 1.20 | - | - | - | 1.46 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 60.4% | - | 11.4% | 13.4% | 55.0% | - | 10.5% | 12.9% | 41.3% | - |
| Effective tax rate | - | - | 19.0% | 20.3% | - | - | 15.5% | 27.6% | - | - |
| Return on assets | -5.9% | - | 9.3% | 2.3% | -6.1% | - | 13.8% | 2.1% | -3.8% | - |
| Return on equity | - | - | - | - | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.45 | 0.52 | 0.68 | 0.53 | 0.45 | 0.61 | 0.95 | 0.94 | 0.65 | 0.69 |
| Quick ratio | 0.32 | 0.41 | 0.56 | 0.40 | 0.31 | 0.50 | 0.84 | 0.82 | 0.55 | 0.61 |
| Cash ratio | 0.08 | 0.16 | 0.30 | 0.10 | 0.08 | 0.25 | 0.62 | 0.25 | 0.12 | 0.16 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 1.08 | 1.02 | 0.98 | 1.05 | 1.10 | 1.01 | 0.94 | 1.05 | 1.13 | 1.09 |
| Debt / EBITDA | - | - | 6.10 | 17.12 | - | - | 4.44 | 15.80 | - | - |
| Interest coverage | -3.6x | - | 8.5x | 2.5x | -3.8x | - | 11.9x | 2.8x | -2.2x | - |
| Equity multiplier | - | - | - | - | - | - | - | - | - | - |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.36 | 0.22 | 0.04 | - | 0.35 | 0.21 | 0.04 | - |
| Inventory turnover | 0.21 | - | 1.28 | 0.74 | 0.18 | - | 1.47 | 0.87 | 0.28 | - |
| Days sales outstanding | 221d | - | 38d | 73d | 235d | - | 34d | 73d | 227d | - |
| Days inventory outstanding | 1756d | - | 286d | 494d | 1997d | - | 248d | 420d | 1324d | - |
| Days payable outstanding | 1661d | - | 292d | 595d | 2327d | - | 316d | 601d | 1950d | - |
| Cash conversion cycle | 316d | - | 32d | -28d | -96d | - | -34d | -108d | -399d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 20.2% | - | -0.1% | -1.7% | -14.4% | - | 11.9% | 127.3% | 914.5% | - |
| Revenue CAGR (3y) | 118.5% | - | 112.7% | 323.7% | 16.4% | - | 5.7% | 5.3% | 13.8% | - |
| Revenue CAGR (5y) | 8.7% | - | 4.9% | 5.0% | 9.1% | - | 5.3% | 5.3% | 15.4% | - |
| Gross profit growth (YoY) | 21.3% | - | 0.3% | -1.7% | -15.7% | - | 11.0% | 129.6% | 1083.6% | - |
| Operating income growth (YoY) | -2.7% | - | -30.7% | -16.4% | -46.8% | - | 77.1% | - | 9.0% | - |
| Net income growth (YoY) | 0.8% | - | -35.3% | 5.5% | -52.0% | - | 125.1% | - | 19.8% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -3.6% | - | - | - | -25.1% | - | - | - | -31.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$3.65B totalIn Park Revenues$1.63B · 44.6%
Admission$894.73M · 24.5%
Food Merchandiseand Gaming$613.97M · 16.8%
Accommodations Extra Charge Productsand Other$289.97M · 7.9%
Outof Park Revenues$223.26M · 6.1%
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing CEDAR FAIR L P against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Jun 5, 2024 | $0.3000 |
| Mar 5, 2024 | $0.3000 |
| Dec 5, 2023 | $0.3000 |
| Sep 5, 2023 | $0.3000 |
| Jun 6, 2023 | $0.3000 |
| Mar 6, 2023 | $0.3000 |
| Nov 30, 2022 | $0.3000 |
| Aug 30, 2022 | $0.3000 |
| Mar 3, 2020 | $0.9350 |
| Dec 3, 2019 | $0.9350 |
| Sep 3, 2019 | $0.9250 |
| Jun 3, 2019 | $0.9250 |
| Mar 8, 2019 | $0.9250 |
| Dec 3, 2018 | $0.9250 |
| Sep 4, 2018 | $0.8900 |
| Jun 1, 2018 | $0.8900 |
| Mar 8, 2018 | $0.8900 |
| Dec 1, 2017 | $0.8900 |
| Sep 1, 2017 | $0.8550 |
| Jun 1, 2017 | $0.8550 |
| Mar 1, 2017 | $0.8550 |
| Dec 1, 2016 | $0.8550 |
| Sep 1, 2016 | $0.8250 |
| Jun 1, 2016 | $0.8250 |