This excerpt taken from the FUN 8-K filed Feb 12, 2009.
RECONCILIATION TO ADJUSTED EBITDA
(unaudited)
Three Months Ended
Twelve Months Ended
(In thousands)
12/31/08
12/31/07
12/31/08
12/31/07
Net income (loss)
$
(56,749
)
$
(9,029
)
$
5,706
$
(4,491
)
Interest expense
30,649
34,934
129,561
145,568
Provision (benefit) for taxes
(53,078
)
(42,737
)
(935
)
14,229
Depreciation and amortization
14,580
13,448
125,838
130,623
Other (income)
(201
)
(2,802
)
(409
)
(735
)
Equity-based compensation
77
513
716
576
Loss on impairment of goodwill and other intangibles
86,988
—
86,988
—
Loss on impairment / retirement of fixed assets
(965
)
15,680
8,425
54,898
Adjusted EBITDA (a)
$
21,301
$
10,007
$
355,890
$
340,668
(a)
Adjusted EBITDA represents earnings before interest, taxes, depreciation, and other non-cash items. The Partnership believes adjusted EBITDA is a meaningful measure of park-level
operating profitability. Adjusted EBITDA is not a measurement of operating performance computed in accordance with generally accepted accounting principles and is not intended to be a substitute for operating income, net income or cash flow from
operating activities, as defined under generally accepted accounting principles. In addition, adjusted EBITDA may not be comparable to similarly titled measures of other companies.
