CEDAR FAIR L P
sixflags.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2024 10-Q, filed May 9, 2024. Its latest SEC filing is a SC 13G/A from Nov 5, 2024.
10-Q for Q1 FY2024, filed May 9, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Runs amusement and water parks with resort facilities, selling admission, food and merchandise, and accommodations and extra-charge products to families and young people.
10-K for FY2023, filed Feb 16, 2024
How Did They Make Money?
Guests pay for admissions and most park purchases at the transaction; season-long products are sold in advance and counted across expected uses. Fixed sponsorship and marina income is earned across the park operating season.
10-K for FY2023, filed Feb 16, 2024As disclosed within the consolidated statements of operations and comprehensive income (loss), revenues are generated from sales of (1)…View ↗
In some instances, we arrange with outside parties ("concessionaires") to provide goods to guests, typically food and merchandise, and we…View ↗
Most deferred revenue is classified as current within the balance sheet. However, a portion of deferred revenue is typically classified as…View ↗
Payment is due immediately on the transaction date for most products. Our receivable balance includes outstanding amounts on installment…View ↗
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10-K for FY2023, filed Feb 16, 2024
FY2023 revenue by product or service ↗
$1.8B
-
10-K for FY2023, filed Feb 17, 2024
$1.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Admissions
Mix
10-K for FY2023, filed Feb 16, 2024 |
50%
FY2020: 37%
|
Admissions, FY2023
$894.7M Sources
|
Mix |
|
Food, merchandise and games
Sold outright
10-K for FY2023, filed Feb 16, 2024 |
34%
FY2020: 42%
|
Food, merchandise and games, FY2023
$614M Sources
|
Sold outright |
|
Accommodations, extra-charge products and other
|
16%
FY2020: 20%
|
Accommodations, extra-charge products and other, FY2023
$290M Sources
|
Who Were Their Customers?
Families and young people are the core audiences. Guests buy admission and in-park items at the properties; concessionaires provide some food and merchandise, while retailer, group and catering sales can be billed.
10-K for FY2023, filed Feb 16, 2024The demographic groups that are most important to our business are families and young people ages 12 through 24. Families are believed to…View ↗
Revenue Recognition and related receivables and contract liabilitiesView ↗
In some instances, we arrange with outside parties ("concessionaires") to provide goods to guests, typically food and merchandise, and we…View ↗
Payment is due immediately on the transaction date for most products. Our receivable balance includes outstanding amounts on installment…View ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2024, filed May 10, 2024
−$133.5MView ↗
- ▼ −1% (Loss)
- vs −$134.5M in Q1 FY2023
10-Q for Q1 FY2024, filed May 9, 2024
Open tableView ↗
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Jul 1, 2024
Cedar Fair and Six Flags merged, forming Six Flags Entertainment Corporation
Cedar Fair unitholders received one share in the combined company for each unit, and Cedar Fair units ceased trading.
Sources
8-K, filed Jul 1, 2024
On July 1, 2024 (the “Closing Date”), Cedar Fair, L.P. (the “Partnership”) completed the previously announced merger of equals transaction…View ↗
Grew. Revenue grew 22% in 4 years, from $1.5B in FY2019 to $1.8B in FY2023, about 5% a year.
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