BeeastFarmer Posted November 2, 2022 Share Posted November 2, 2022 Thoughts? Cedar Fair Announces 2022 Third Quarter Results and Record Performance Through the First 10 Months of the Year - Cedar Fair 5 Quote Link to comment Share on other sites More sharing options...
IndyGuy4KI Posted November 2, 2022 Share Posted November 2, 2022 Glad to see continued growth for CF! 3 1 Quote Link to comment Share on other sites More sharing options...
DiamondbackFan Posted November 3, 2022 Share Posted November 3, 2022 It's nice to see debt levels normalize. Brian Witherow During the 9-month period, we also generated $310 million in the sale leaseback of the land at our Great America park in Santa Clara, California. Through the first 9 months of the year, we used $264 million to fully repay the company's term loan, bringing total debt outstanding down to $2.3 billion and net leverage back to pre-pandemic levels at 3.7x trailing 12-month adjusted EBITDA at the end of the quarter. Richard Zimmerman "Ben, the other thing that I'll jump back to. When we went into the pandemic, a lot of question marks, we issued a $1 billion bond in April of 2020 to make sure we had adequate liquidity. Yes, you look at what we've done on the capital structure, paying down 90 -- more than 90% of the debt that we incurred to survive the pandemic and get us through. The reinstitution of the distribution, getting down to that 3.7. I'm really pleased with the rapid recovery, if I could put it that way. And I’m really pleased with what we’ve been able to do with the free cash flow to set the foundation on the capital allocation side for how we create some – create even more value for our unitholders. I don’t want to step over that because I think the impact of that rapid recovery has really let us get healthy very quickly. And that’s going to let us drive growth in the future." 3 Quote Link to comment Share on other sites More sharing options...
Imperial79 Posted November 3, 2022 Share Posted November 3, 2022 Nice to see attendance increased by 14% compared to 2021. Still working to catch up to 2019 numbers, but they will get there I’m sure, with everything they’re doing. 1 Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted November 3, 2022 Share Posted November 3, 2022 The attendance in October of `22 was actually better than attendance in Octiober of `19. 2 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.