| Address:
|
ONE CEDAR POINT DRIVE
|
| City: |
SANDUSKY |
|
State: |
OH |
|
Zip Code: |
44870 |
| Telephone: |
419-626-0830 |
|
Description of Business
|
Primary SIC Code:
7990 |
| (As filed with the SEC)
|
|
|
Cedar Fair, L.P., together with its affiliated companies, (the "Partnership") is
a publicly traded Delaware limited partnership formed in 1987 and managed by
Cedar Fair Management, Inc., an Ohio corporation whose shares are held by an
Ohio trust (the "General Partner"). The Partnership is one of the largest
regional amusement park operators in the world and owns 11 amusement parks, six
outdoor water parks, one indoor water park and five hotels.
In 2007, the Partnership entertained more than 22 million visitors. The
amusement parks include: Cedar Point, located on Lake Erie between Cleveland and
Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada's
Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom ("Dorney
Park"), located near Allentown in South Whitehall Township, Pennsylvania;
Valleyfair, located near Minneapolis/St. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 0.63 | NA | 18.11 | | 09/2009 | 0.08 | 0.250 | 131.62 | | 06/2009 | -0.20 | 0.250 | N/E | | 03/2009 | -0.06 | 0.250 | N/E | | 12/2008 | 0.10 | 0.480 | 125.30 | | 09/2008 | 0.96 | 0.480 | 21.57 | | 06/2008 | 0.31 | 0.480 | 60.61 | | 03/2008 | 0.13 | 0.480 | 178.85 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.28 | Total Liab/Total Assets | 0.94 | | Net Inc/Total Assets | 0.02 | Total Liab/Inv Cap | 1.01 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | -15.78 | | Pretax Inc/Net Sales | 0.06 | Interest Coverage Ratio | 1.40 | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.20 | LTD/Equity | NA | | SG&A/NetSales | 0.58 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 84.13 | Quick Ratio | 0.26 | | Inventory Turnover | 3.04 | Current Ratio | 0.47 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.22 | | Net Sales/Work Cap | -13.05 | Inv/Curr Assets | 0.44 | | Net Sales/PP&E | 0.51 | | |
Income Statement (Millions) |
| |
12/31/2009
|
9/27/2009
|
6/28/2009
|
3/29/2009
|
|
Total Revenues(Net Sales)
|
105.57
|
519.91
|
264.13
|
26.47
|
|
Cost of Goods Sold
|
10.57
|
45.62
|
24.91
|
3.85
|
|
Selling & Admin Exps
|
91.16
|
209.83
|
155.57
|
74.64
|
|
Operating Income
|
-19.82
|
220.96
|
40.68
|
-56.27
|
|
Interest Exp
|
33.71
|
31.18
|
30.91
|
28.90
|
|
Pretax Income
|
-59.58
|
185.19
|
9.95
|
-85.15
|
|
Other Income
|
-5.83
|
18.29
|
0.18
|
0.03
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-26.29
|
107.61
|
7.39
|
-53.28
|
|
Assets
|
12/31/2009
|
9/27/2009
|
6/28/2009
|
3/29/2009
|
|
Cash & Short Term Investments
|
11.93
|
56.20
|
31.98
|
7.91
|
|
Receivables - Total
|
13.26
|
30.34
|
28.26
|
5.51
|
|
Inventories - Total
|
27.27
|
31.80
|
49.65
|
37.49
|
|
Total Current Assets
|
61.31
|
131.78
|
158.72
|
95.39
|
|
Net Property, Plant & Equipment
|
1,781.07
|
1,768.79
|
1,836.48
|
1,839.67
|
|
Total Assets
|
2,145.44
|
2,209.09
|
2,295.22
|
2,228.29
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
92.39
|
145.28
|
89.96
|
60.12
|
|
Debt in Current Liabilities
|
15.96
|
16.50
|
17.18
|
17.32
|
|
Total Current Liabilities
|
131.52
|
189.05
|
201.88
|
127.30
|
|
Long-Term Debt
|
1,740.05
|
1,710.97
|
1,908.66
|
1,937.64
|
|
Total Liabilities
|
2,017.58
|
2,058.94
|
2,249.75
|
2,195.81
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
NA
|
NA
|
|
Retained Earnings
|
NA
|
NA
|
NA
|
NA
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
NA
|
NA
|
45.46
|
32.48
|
|
Total Liabilities and Stockholders' Equity
|
NA
|
NA
|
2,295.22
|
2,228.29
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2009
|
9/27/2009
|
6/28/2009
|
3/29/2009
|
|
Net Cash Provided by Operating Activities
|
-39.83
|
209.30
|
85.34
|
-69.61
|
|
Net Cash Provided by Investing Activities
|
-15.89
|
41.42
|
-17.98
|
-22.86
|
|
Net Cash Provided by Financing Activities
|
12.39
|
-228.18
|
-44.03
|
86.54
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 568.71 | 160.85 | 1.59 | | 12/2006 | 831.39 | 87.48 | 1.59 | | 12/2007 | 986.97 | -4.49 | -0.08 | | 12/2008 | 996.23 | 5.71 | 0.10 | | 12/2009 | 916.08 | 35.43 | 0.63 | | Growth Rates | 12.66 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 114 | 16,136 | 29.20 |
|
Report Date :
3/15/2010
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