六旗娱乐 2025年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.xYes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting Large accelerated filerxAcceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐ EXPLANATORY NOTE On July 1, 2024 (the “Closing Date”), Six Flags Entertainment Corporation (formerly known as CopperSteel HoldCo, Inc.) (the“Combined Company”) completed the previously announced merger of equals transaction contemplated by the Agreement and Plan ofMerger, dated as of November 2, 2023 (the “Merger Agreement”), by and among the Combined Company (then, CopperSteel HoldCo,Inc.), Cedar Fair, L.P. (“Cedar Fair”), Six Flags Entertainment Corporation (“Former Six Flags”) and CopperSteel Merger Sub, LLC(“Copper Merger Sub”). Pursuant to the Merger Agreement, (i) Copper Merger Sub was merged with and into Cedar Fair (the “CedarFair First Merger”), with Cedar Fair continuing as the surviving entity (the “Cedar Fair Surviving Entity”) and a direct subsidiary of theCombined Company, (ii) the Cedar Fair Surviving Entity was subsequently merged with and into the Combined Company (the “Cedar TheSix Flags Merger was accounted for as a business combination under Accounting Standards Codification 805,BusinessCombinations, using the acquisition method of accounting, and Cedar Fair has been determined to be the accounting acquirer and thepredecessor for financial statement purposes. Accordingly, financial results and disclosures referring to periods prior to the Closing Dateinclude only Cedar Fair's results before giving effect to the Mergers, including the financial results and disclosures as of March31, 2024 For purposes of this Quarterly Report on Form 10-Q, references to the "Combined Company" and the "Company" are to Cedar Fair,Former Six Flags and Copper Merger Sub after giving effect to the Mergers. References to "Cedar Fair," "Former Cedar Fair," or the Part I - Financial Information Item1.Financial StatementsIndex for Notes to Unaudited Condensed Consolidated Financial StatementsItem2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures Note 1Description of the Business and Significant Accounting PoliciesNote 2MergersNote 3Revenue RecognitionNote 4Long-Lived AssetsNote 5Goodwill and Other Intangible AssetsNote 6Long-Term DebtNote 7Non-Controlling InterestsNote 8Income and Partnership TaxesNote 9Pension BenefitsNote 10Earnings Per ShareNote 11Fair Value MeasurementsNote 12SegmentsNote 13Subsequent Event SIX FLAGS ENTERTAINMENT CORPORATIONNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited condensed consolidated financial statements have been prepared from the financial records of theCombined Company. The Six Flags Merger was accounted for as a business combination under Accounting Standards Codification805,Business Combinations, using the acquisition method of accounting, and Former Cedar Fair has been determined to be theaccounting acquirer and the predecessor for financial statement purposes. Accordingly, financial results and disclosures referring toperiods prior to the Closing Date include only Former Cedar Fair's results before giving effect to the Mergers, including the financialresults and disclosures as of March31, 2024 and for the three months ended March31, 2024. The results of Former Six Flags areincluded in the Combined Company's results from the Closing Date forward. Accordingly, financial results and disclosures as of (1)Description of the Business and Significant Accounting Policies: Interim Reporting The Combined Company's operations are seasonal. In a typical year at Former Cedar Fair and Former Six Flags, approximately70% ofannual attendance and net revenues occurred