Do you know what to do if you come across one? Three existing rides were adapted to the new theme. ARLINGTON, Texas--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release fourth quarter and full year financial results before the market opens on Thursday, March 2, 2023.An investor conference call will follow beginning at 7:00 a.m. Central Time. Snake season in North Texas is here. does anyone know. This year, look for rib-eye tacos, conjunto or a Big Rita.. Hurricane Harbor will open May 20 and 21 from 11 a.m. to 6 p.m. So far, no plans have been announced to add a new ride or other significant attraction to the park in 2024, officials said. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The company partially offset the decrease in revenue with lower cash operating costs. investors@sftp.com, Source: Six Flags Entertainment Corporation. March 4 - Six Flags Over Georgia opens for the 2023 season. The $19.30 increase in guest spending per capita compared to first quarter 2021 was driven by a $10.33 increase in Admissions spending per capita and a $8.97 increase in In-park spending per capita. To celebrate its 60 th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. We recommend the Diamond Pass for the best parking! The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Here at Theme Park Tourist, we pride ourselves on giving you the news, we love keeping you up to date with all the latest announcements from your favorite theme parks across the world. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. The main announcement: Pirates of Speelunker Cave, is a re-imagined boat-like ride that will "place guests squarely in the middle of a pirate treasure hunt thwarted by resident . Texans celebrate Cinco because a Texan led Mexicos victory. Non-admission revenue per capita is calculated by dividing Park food, merchandise and other revenue by total attendance. However, because these non-GAAP financial measures are not determined in accordance with GAAP, they are susceptible to varying calculations, and not all companies calculate these measures in the same manner. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. Six Flags Over Texas will make over one of its classic dark rides for 2022. Python Plunge opens at Six Flags White Water. Adjusted EBITDA is approximately equal to Parent Consolidated Adjusted EBITDA as defined in our secured credit agreement, except that Parent Consolidated Adjusted EBITDA excludes Adjusted EBITDA from equity investees that is not distributed to us in cash on a net basis and has limitations on the amounts of certain expenses that are excluded from the calculation. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. For more information, visit www.sixflags.com. During the unprecedented last four months, at a time when uncertainty and . When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. 07/06/2022. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. March 19 & 20 It's never too soon to begin planning for more thrills in 2022! These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. As the worlds first regional theme park, Six Flags Over Texas has built a solid reputation of providing innovative thrills and lifelong memories for generations of families, said Six Flags Over Texas Park President Ron McKenzie. Learn more about us here. Forward-looking statements include all statements that are not historical facts and often use words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "may," "should," "could" and variations of such words or similar expressions. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. (Amounts in thousands, except per share data), Sponsorship, international agreements and accommodations, Operating expenses (excluding depreciation and amortization shown separately below), Selling, general and administrative expenses (excluding depreciation, amortization, and stock-based compensation shown separately below), Less: Net income attributable to noncontrolling interests, Net (loss) income attributable to Six Flags Entertainment Corporation. The parks hours from Monday through Thursday will be 11 a.m. to 6 p.m. Hawaiian Falls water parks in Mansfield and Roanoke will open to the general public on weekends starting May 13 before opening for the season on Memorial Day weekend. They still have BAF discounted days. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. We use these measures for internal planning and forecasting purposes, to evaluate ongoing operations and our performance generally, and in our annual and long-term incentive plans. Weighted-average common shares outstanding: Net (loss) income per average common share outstanding: (Amounts in thousands, except share data), Prepaid expenses and other current assets, Intangible assets, net of accumulated amortization of $266, $261 and $244 as of April 3, 2022, January 2, 2022 and April 4, 2021, respectively, Accrued compensation, payroll taxes and benefits, Common stock, $0.025 par value, 280,000,000 shares authorized; 86,248,545, 86,162,879 and 85,369,434 shares issued and outstanding at April 3, 2022, January 2, 2022 and April 4, 2021, respectively, Accumulated other comprehensive loss, net of tax, Total liabilities and stockholders' deficit. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. We have an exciting lineup of new rides and immersive festivals planned for 2023, and we are optimistic that our momentum will continue through the upcoming season and beyond., (Amounts in millions, except per share data), Net income attributable to Six Flags Entertainment. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . We believe that Adjusted EBITDA minus capex is frequently used by all our sell-side analysts and most investors as their primary measure of our performance in the evaluation of companies in our industry. Six Flags Sets Date to Announce Second Quarter 2022 Earnings. Will six flags release one of those "whats new to six flags 2022" official announcement videos this august like they do every year (even tho they didn't do one last year). Forward-looking statements include all statements that are not historical facts and often use words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "may," "should," "could" and variations of such words or similar expressions. May May 7 Six Flags White Water re-opens for the 2022 season. Total revenue for third quarter 2022 decreased $133 million, or 21%, compared to third quarter 2021, driven by lower attendance partially offset by higher per capita spending. She graduated from the University of Texas at Arlington in 2020, where she worked at the campus paper, The Shorthorn, for two years. April 30 Six Flags Hurricane Harbor Splashtown re-opens for the 2022 season. View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005760/en/, Stephen R. PurtellSenior Vice PresidentCorporate Communications, Investor Relations and Treasurer+1-972-595-5180investors@sftp.com. Six Flags Wiki is a FANDOM Lifestyle Community. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . The technical storage or access that is used exclusively for anonymous statistical purposes. Non-admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, on items sold within our parks, such as food, games and merchandise. As a result, these non-GAAP financial measures as presented may not be directly comparable to a similarly titled non-GAAP financial measure presented by another company. Total revenue for the first nine months 2022 decreased $102 million, or 9%, compared to the first nine months 2021, driven by lower attendance partially offset by higher per capita spending. Paddock Publications, Inc. is an Employee-Owned Company. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. Represents interests of non-controlling interests in the Adjusted EBITDA of Six Flags Over Georgia, Six Flags Over Texas and Six Flags White Water Atlanta. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. We offer lots of group ticket packages, to match every event size and activity. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by dialing 1-833-629-0614 in the United States or +1-412-317-9257 outside the United States and requesting the Six Flags earnings call. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. Six Flags only accepts card payments. See copyright and trademarks. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. About Six Flags Entertainment Corporation, Six Flags Entertainment Corporation is the worlds largest regional theme park company with 27 parks across the United States, Mexico and Canada. Hurricane Harbor at Six Flags New England re-opens for the 2022 season. Total guest spending per capita is calculated by dividing the sum of Park admissions revenue and Park food merchandise and other revenue by total attendance. Title. Cookie Notice Our board of directors and managed use Adjusted EBITDA minus capex to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA minus capex. [1] Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. What better way to celebrate our parks 60th anniversary than by announcing a brand-new attraction that pays homage to our past and launches us into the future, added McKenzie. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 . Afterward, it was changed and renamed to the current version of the attractionYosemite Sam and the Gold River Adventure, until a flood caused the ride to be shut down for almost two years. Real-time updates and all local stories you want right in the palm of your hand. The theme park was closed throughout 2020 due to health concerns stemming from the COVID-19 pandemic. In addition, the instruments governing our indebtedness use Adjusted EBITDA to measure our compliance with certain covenants and, in certain circumstances, our ability to make certain borrowings. We have reoriented our culture to prioritize the guest in everything we do, and we fundamentally believe this will drive significant and sustainable long-term earnings growth., (Amounts in millions, except per share data), Net loss attributable to Six Flags Entertainment, Total revenue for first quarter 2022 increased $56 million, or 68%, compared to first quarter 2021, driven by higher attendance and guest spending per capita. Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. This was a year of transition for Six Flags, as we made bold changes to our business model in order to elevate the guest experience and to position the company for sustainable, long-term earnings growth, said Selim Bassoul, President and CEO. Reddit and its partners use cookies and similar technologies to provide you with a better experience. We believe that these non-GAAP financial measures provide important and useful information for investors to facilitate a comparison of our operating performance on a consistent basis from period to period and make it easier to compare our results with those of other companies in our industry. Aug 6, 2021. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. ARLINGTON, Texas, October 17, 2022 -- ( BUSINESS WIRE )--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release third quarter financial results before the market. Six Flags Entertainment Corporation is the worlds largest regional theme park company with 27 parks across the United States, Mexico and Canada. The village has given the . Admissions revenue per capita is calculated by dividing Park admission revenue by total attendance. . Our board of directors and management use Adjusted EBITDA to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA. But, for the fourth straight year, there won't be any new roller coaster rides. Modified EBITDA, a non-GAAP measure, is defined as our consolidated income (loss) from continuing operations: excluding the following: the cumulative effect of changes in accounting principles, discontinued operations gains or losses, income tax expense or benefit, restructure costs or recoveries, reorganization items (net), other income or expense, gain or loss on early extinguishment of debt, equity in income or loss of investees, interest expense (net), gain or loss on disposal of assets, gain or loss on the sale of investees, amortization, depreciation, stock-based compensation, and fresh start accounting valuation adjustments. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Jul 28, 2021. The $8.94 increase in guest spending per capita compared to third quarter 2021 was driven by a $6.23 increase in Admissions spending per capita and a $2.71 increase in In-park spending per capita. This announcement was praised for being a "perfect fit" for the Arlington, TX park. +1-972-595-5180 The village has given the park around $387,000 total in 2018, 2019 and 2021. On select days in June and July there will be an expanded food menu as part of an event called "Flavors of the World," and on select days in August the park will host Viva La Fiesta, which will include food and entertainment. These risks and uncertainties include, among others, factors impacting attendance, such as local conditions, natural disasters, contagious diseases, including COVID-19 and Monkeypox, or the perceived threat of contagious diseases, events, disturbances and terrorist activities; regulations and guidance of federal, state and local governments and health officials regarding the response to COVID-19 or other health emergencies such as Monkeypox, including with respect to business operations, safety protocols and public gatherings; economic impact of political instability and conflicts globally, including the war in Ukraine; recall of food, toys and other retail products sold at our parks; accidents or incidents involving the safety of guests and employees, or contagious disease outbreaks occurring at our parks or other parks in the industry and adverse publicity concerning our parks or other parks in the industry; availability of commercially reasonable insurance policies at reasonable rates; inability to achieve desired improvements and our financial performance targets; adverse weather conditions such as excess heat or cold, rain and storms; general financial and credit market conditions, including our ability to access credit or raise capital; the increased cost of capital due to raising interest rates; macro-economic conditions (including supply chain issues and the impact of inflation on customer spending patterns); changes in public and consumer tastes; construction delays in capital improvements or ride downtime; competition with other theme parks, waterparks and entertainment alternatives; dependence on a seasonal workforce; unionization activities and labor disputes; laws and regulations affecting labor and employee benefit costs, including increases in state and federally mandated minimum wages, and healthcare reform; environmental laws and regulations; laws and regulations affecting corporate taxation; pending, threatened or future legal proceedings and the significant expenses associated with litigation; cybersecurity risks; and other factors could cause actual results to differ materially from the companys expectations, including the risk factors or uncertainties listed from time to time in the companys filings with the Securities and Exchange Commission (the SEC). Cinema-style, wide-projection technology to fully immerse riders with high-tech digital and physical sets. "Our announcement was made last month after careful and deep consideration," Hewitt said. Corporate Communications, Investor Relations and Treasurer Document. . "Adjusted EBITDA," a non-GAAP measure, is defined as Modified EBITDA minus the interests of third parties in the Modified EBITDA of properties that are less than wholly owned (consisting of Six Flags Over Georgia, Six Flags White Water Atlanta and Six Flags Over Texas). These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. 5-min read. The increase in attendance was driven by increased operating days the quarter compared to the prior year period, which was negatively impacted by pandemic-related closures and operating restrictions. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Events, Presentations & Company Announcements, Six Flags Comments on Investor Presentation, Six Flags Amends Cooperation Agreement with H Partners, Six Flags Announces Third Quarter 2022 Performance, Six Flags Sets Date to Announce Third Quarter 2022 Earnings, Six Flags Executive Elected to IAAPA Board, Six Flags Honored with Three Golden Ticket Awards, Six Flags Announces Second Quarter 2022 Performance, Six Flags Announces Board of Directors Changes, Six Flags Offers Thrills, Inclusivity and Safety for Everyone, Six Flags Sets Date to Announce Second Quarter 2022 Earnings. and our Kid Flash: Cosmic Coaster (Six Flags Fiesta Texas), Batman: The Ride (Six Flags Fiesta Texas), Superman: Tower of Power (Six Flags St. Louis), Six Flags Great America Entertainment Village, Screampunk District (Six Flags Magic Mountain), World's Largest Ride - American Coaster Enthusiasts (ACE)., Holiday in the Park Drive-Thru Experience, Hurricane Harbor at Six Flags Darien Lake, https://www.iaapa.org/news/funworld/remembering-hank-salemi-six-flags-great-america, https://www.narcity.com/fr/montreal/la-ronde-donne-des-nouvelles-de-la-montagne-russe-vipere-qui-devait-ouvrir-en-2020, https://twitter.com/jeffrey_siebert/status/1498836739053531143, https://www.aceonline.org/page/largestride, Do Not Sell or Share My Personal Information. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Based on our current federal net operating loss carryforwards, we anticipate paying minimal federal income taxes in 2022 and do not anticipate becoming a full cash taxpayer until at least 2024. We use cookies to optimize our website and our service. ARLINGTON, Texas--(BUSINESS WIRE)-- Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, and our other filings and submissions with the SEC, each of which are available free of charge on the companys investor relations website at investors.sixflags.com and on the SECs website at www.sec.gov. Adjusted EBITDA was $226 million, a decrease of $53 million compared to third quarter 2021. March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. The income per share was $1.39 compared to an income per share of $1.80 in third quarter 2021, driven by lower revenues partially offset by a reduction in expenses. Looking for something specific? Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. Under the plan, the cap increases by 2% each year of the seven-year agreement, or until the village returns a total of $4 million to Great America, whichever comes first. "We are always considering how to provide an elevated guest experience year over year," said spokeswoman Rachel Kendziora. Adjustments to reconcile net loss to net cash used in operating activities: Other, including loss (gain) on disposal of assets, Change in inventories, prepaid expenses and other current assets, Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities, Net cash provided by financing activities, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Definition and Reconciliation of Non-GAAP Financial Measures. Kid Flash Cosmic Coaster at Six Flags Fiesta Texas and Six Flags Over Georgia. No long-term contract. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Summer is around the corner and area water parks are already preparing for the 2023 season. We use certain per capita metrics that are non-GAAP measures of the performance of our business on a per guest basis and believe that these metrics provide relevant and useful information for investors because they assist in comparing our operating performance on a consistent basis, make it easier to compare our results with those of other companies and our industry and allows investors to review performance in the same manner as our management. Comparable periods are January 1 through April 4, 2021, compared to January 3 through April 3, 2022, resulting in three additional days from January 1 through January 3 in 2021.
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