Gordon Bombay Posted November 3, 2005 Share Posted November 3, 2005 ^The guy you quoted said million.....not billion. Quote Link to comment Share on other sites More sharing options...
moore Posted November 3, 2005 Share Posted November 3, 2005 If they were pulling in just under a trillion dollars off of one park, boy would they have it made! lol Quote Link to comment Share on other sites More sharing options...
jzarley Posted November 3, 2005 Share Posted November 3, 2005 Cedar Fair has been borrowing ideas from Paramount Parks for awhile now because of the sucess they've been having, and they've been getting good results by doing so  So with Cedar Fair looking to take the Paramount Parks path, I seriously doubt Paramount Parks would take the (unsucessful) Cedar Fair path of adding thrill after thrill! So...what exactly do you consider "unsuccessful" about Cedar Fair's profit of $99.3 million dollars for the 3rd Quarter? Keep in mind, that's still a higher profit number than what Viacom posted for theme parks & publishing combined... $99.3 Billion? I'm going to go ahead and call "bull****" on this one. Let's see some sources. If you reread my post, you'll see I said MILLION, not billion. You want a source for the $99.3 million net income number? Try "Investor Relations" at cedarfair.com. Want another source? Try their 10K filing with the SEC... Or, to cut to the chase, here's the direct quote from their Q3 results press release: Included in the 2004 third quarter net income is a non-cash credit of $1.2 million to account for the change in fair value of two interest rate swap agreements that expired during the first quarter of 2005. After non-cash credits, interest expense and provision for taxes, net income for the quarter totaled $170.8 million, or $3.11 per diluted limited partner unit, compared to net income of $91.7 million, or $1.70 per unit, a year ago. Reflected in the third quarter numbers is the reversal of $66.1 million of contingent liabilities recorded in prior periods related to publicly traded partnership (PTP) taxes. Management determined that the Partnership’s accrual for PTP taxes was no longer required based on the accumulation of relevant evidence since the adoption of the PTP tax in 1998. The adjustment to the PTP tax accrual resulted in a net credit for taxes of $41.1 million in the period. Had the adjustment not been made, net income for the third quarter would have been $99.3 million, or $1.81 per diluted limited partner unit. However, I'll write off your comment to a simple misreading... Of course, 91.3 Billion would be a ridiculous number. (That's more than Viacom, Time Warner, and Disney grosses in a year combined...) Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted November 3, 2005 Share Posted November 3, 2005 Cedar Fair has been borrowing ideas from Paramount Parks for awhile now because of the sucess they've been having, and they've been getting good results by doing so  So with Cedar Fair looking to take the Paramount Parks path, I seriously doubt Paramount Parks would take the (unsucessful) Cedar Fair path of adding thrill after thrill! So...what exactly do you consider "unsuccessful" about Cedar Fair's profit of $99.3 million dollars for the 3rd Quarter? Keep in mind, that's still a higher profit number than what Viacom posted for theme parks & publishing combined... $99.3 Billion? I'm going to go ahead and call "bull****" on this one. Let's see some sources. If you reread my post, you'll see I said MILLION, not billion. You want a source for the $99.3 million net income number? Try "Investor Relations" at cedarfair.com. Want another source? Try their 10K filing with the SEC... Or, to cut to the chase, here's the direct quote from their Q3 results press release: Included in the 2004 third quarter net income is a non-cash credit of $1.2 million to account for the change in fair value of two interest rate swap agreements that expired during the first quarter of 2005. After non-cash credits, interest expense and provision for taxes, net income for the quarter totaled $170.8 million, or $3.11 per diluted limited partner unit, compared to net income of $91.7 million, or $1.70 per unit, a year ago. Reflected in the third quarter numbers is the reversal of $66.1 million of contingent liabilities recorded in prior periods related to publicly traded partnership (PTP) taxes. Management determined that the Partnership’s accrual for PTP taxes was no longer required based on the accumulation of relevant evidence since the adoption of the PTP tax in 1998. The adjustment to the PTP tax accrual resulted in a net credit for taxes of $41.1 million in the period. Had the adjustment not been made, net income for the third quarter would have been $99.3 million, or $1.81 per diluted limited partner unit. However, I'll write off your comment to a simple misreading... Of course, 91.3 Billion would be a ridiculous number. (That's more than Viacom, Time Warner, and Disney grosses in a year combined...) Ha... there was nothing personal in that. You're right, I just misread it. I apologize. Quote Link to comment Share on other sites More sharing options...
The-Snapper Posted November 3, 2005 Share Posted November 3, 2005 Cedar Fair has been borrowing ideas from Paramount Parks for awhile now because of the sucess they've been having, and they've been getting good results by doing so So with Cedar Fair looking to take the Paramount Parks path, I seriously doubt Paramount Parks would take the (unsucessful) Cedar Fair path of adding thrill after thrill! unsecesful path??? HEY DUMB AS$ dorney and MIa Adventures attendense is up!!! Your stupid ! Quote Link to comment Share on other sites More sharing options...
jzarley Posted November 3, 2005 Share Posted November 3, 2005 Ha... there was nothing personal in that. You're right, I just misread it. I apologize. No problem. I'd call someone on a billion if I thought that's what they'd said, too Quote Link to comment Share on other sites More sharing options...
Face/OffJZ Posted November 3, 2005 Share Posted November 3, 2005 if they are borrowing ideas from us, we should borrow ideas from them like wicked twister or somthing-get wut i mean? Quote Link to comment Share on other sites More sharing options...
TheKlockster Posted November 3, 2005 Share Posted November 3, 2005 No I don't get wut you mean... And I don't see why everyone was talking about employees not saying certain things. What started that? Nobody posted anything illegal in this topic. Quote Link to comment Share on other sites More sharing options...
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