Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. 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. . Deferred revenue was $127 million as of October 2, 2022, a decrease of $98 million, or 44%, from October 3, 2021. 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. The $11.39 increase in guest spending per capita compared to first nine months 2021 was driven by a $7.41 increase in Admissions spending per capita and a $3.98 increase in In-park spending per capita. . This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding (i) the effect, impact, potential duration or other implications of the COVID-19 pandemic or virus variants, and any expectations we may have with respect thereto including the continuing efficacy of the COVID-19 vaccines, (ii) the adequacy of our cash flows from operations, available cash and available amounts under our credit facilities to meet our liquidity needs, including in the event of a prolonged closure of one or more of our parks, (iii) our ability to significantly improve our financial performance and the guest experience, (iv) expectations regarding consumer demand for regional, outdoor, out-of-home entertainment, including for our parks, and (v) expectations regarding our annual income tax liability and the availability and effect of net operating loss carryforwards and other tax benefits. In addition, there were three additional days included in first quarter 2021 compared to first quarter 2022 due to adoption of a fiscal reporting calendar in the quarter commencing January 1, 2021, which accounted for 89 thousand additional guests in first quarter 2021.2. They still have BAF discounted days. was the 2022 . Harry Styles' Next 'Harry's House' Single Announced - Billboard ARLINGTON, Texas--(BUSINESS WIRE)-- 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), SFGAMWorld on Twitter: "BREAKING NEWS: No System-Wide new for 22' Announcements for SF this year", https://www.sixflags.com/fiestatexas/attractions/dr-diabolicals-cliffhanger, Six Flags Over Texas Announces 'Pirates of Speelunker Cave' Ride, https://www.narcity.com/fr/montreal/la-ronde-donne-des-nouvelles-de-la-montagne-russe-vipere-qui-devait-ouvrir-en-2020, https://guidetosfot.com/2022/07/aquaman-power-wave-opening-delayed-until-2023/, Do Not Sell or Share My Personal Information. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. The park's 2023 season opens Saturday. 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 opens on Thursday, November 10, 2022. The theme park was closed throughout 2020 due to health concerns stemming from the COVID-19 pandemic. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? 2022 | Six Flags Wiki | Fandom Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. Six Flags Over Texas confirmed . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Thrill Capital of the Midwest - Six Flags Great America 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. Non-admission revenue per capita is calculated by dividing Park food, merchandise and other revenue by total attendance. . The technical storage or access that is used exclusively for statistical purposes. Snake season in North Texas is here. Manage all your favorite fandoms in one place! Paul Valade | Staff Photographer, 2022. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. The pop star confirmed Sunday (April 30) that the next featured track from his 2022 record Harry's House . Opening dates for water parks in the Dallas-Fort Worth area | Fort +1-972-595-5180 Hurricane Harbor will open May 20 and 21 from 11 a.m. to 6 p.m. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. The ride is steampunk-themed and is based on Dr. Diabolical's plan of keeping her creatures during Fright Fest eternal, hence the creation of the "Cliffhanger . Six Flags Sets Date to Announce Fourth Quarter and Full Year 2022 "We are always considering how to provide an elevated guest experience year over year," said spokeswoman Rachel Kendziora. Let us know in the comments section below! Remember to buy your parking online before you visit. Title. Six Flags Announces First Quarter 2022 Performance Six Flags 2022 Announcement Video (Unofficial) 1,089 views Jan 9, 2022 10 Dislike Share Coaster Delta 6 subscribers Six Flags' 2022 Announcement Video! 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. We use cookies to optimize our website and our service. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. 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. Flags and signs of support for those countries are banned from tournament grounds. Dr. Diabolical's Cliffhanger is a Dive Coaster manufactured by Bolliger & Mabillard that opened on July 30, 2022 at Six Flags Fiesta Texas. 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. ARLINGTON, Texas--(BUSINESS WIRE)-- Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Use the search bar below: Fun Spots Mine Blower to get RMC re-track? 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. 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. 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. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. 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. This is unofficial, I just. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - 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. 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. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. As the largest regional theme park company in the world, Six Flags creates thrilling, memorable experiences within our portfolio of regional parks, delivered by a diverse and empowered team, through industry-leading innovation and . Heres where to find bands, buffets, margaritas and Cinco de Mayo fun, Karl Lagerfelds Interior Design Projects Reveal His Encyclopedic Mind, 1000-Lb. At 7:00 a.m. Central Time today, May 12, 2022, the company will host a conference call to discuss its first quarter 2022 financial performance. ESIX Gaming powered by Coca-Cola Coming to Six Flags Fiesta Texas 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. Senior Vice President We have finally returned to Six Flags Over Georgia, and quite a bit has changed! No long-term contract. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. 2022 announcements : sixflags 6 Posted by u/sam_00F 9 months ago 2022 announcements QUESTION 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)? Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Document. Comparable periods are January 1 through October 3, 2021, compared to January 3 through October 2, 2022, resulting in three additional days in 2021. Privacy Policy. SFMM: 2022-01-01 - Six Flags 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. Robin & Superboy: The Escape | The Movies Wiki | Fandom The new ride would be a dual-tracked, launched roller coaster called "Robin & Superboy: The Escape", featuring linear induction motor (LIM) technology for its launch system. View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005245/en/, Stephen Purtell Looking for something specific? Rumors grew throughout the season that the ride would be delayed yet again. Six Flags Is About To Open Some Of The Biggest Coasters In The World! For 61 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Learn more about us here. April 1 Six Flags Great Adventure opens for the 2023 season. Saturday, August 8, 2020 - 07:24. 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. We believe that Adjusted EBITDA 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 America opens for the 2023 season. 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. Screamscape Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. The park will extend its weekday hours to close at 7 p.m. in mid June. Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. Prices, operating schedule and park policies are subject to change without notice. To celebrate its 60 th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. 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. 2022 Opening Weekend - Six Flags America ARLINGTON, Texas -- (BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park company and the largest operator of waterparks in North America, today reported third quarter 2022 financial results. "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). 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. 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. Newsroom - Six Flags Over Georgia The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . U-shaped roller coaster Vertical Velocity is now The Flash: Vertical Velocity, water ride Yankee Clipper is now Aquaman Splashdown, and spinning swing ride Whirligig is now the DC Super-Villains Swing. Document. For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. For more information, please see our Weighted-average common shares outstanding: Net 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 $278, $261 and $255 as of October 2, 2022, January 2, 2022 and October 3, 2021, respectively, Accrued compensation, payroll taxes and benefits, Common stock, $0.025 par value, 280,000,000 shares authorized; 83,152,582, 86,162,879 and 85,981,788 shares issued and outstanding at October 2, 2022, January 2, 2022 and October 3, 2021, respectively, Accumulated other comprehensive loss, net of tax, Total liabilities and stockholders' deficit. We recommend the Diamond Pass for the best parking! Date. After weeks of in-depth teasing, Six Flags Fiesta Texas has finally unveiled their 2022 addition: Dr. Diabolical's Cliffhanger, the world's steepest dive coaster. 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. 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. The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 from 11 a.m. to 7 p.m. on weekends and 11 a.m. to 6 p.m. on weekdays. A list of events in 2022 related to Six Flags. Six Flags Announces Third Quarter 2022 Performance Gurnee finance director Brian C. Gosnell said Thursday the village anticipates issuing $120,000 to the park as a result of the revenue it brought in during the 2022 season. 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. investors@sftp.com, Source: Six Flags Entertainment Corporation. Dr. Diabolical's Cliffhanger at Six Flags Fiesta Texas, Wonder Woman: Flight of Courage at Six Flags Magic Mountain. Your email address will not be published. Earlier this year, Six Flags Fiesta Texas welcomed a groundbreaking roller coaster, Dr. Diabolical's Cliffhanger, making 2023 the second . In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Required fields are marked *. The company partially offset the decrease in revenue with lower cash operating costs. SAN ANTONIO-- ( BUSINESS WIRE )-- Six Flags Fiesta Texas ,The Thrill Capital of South Texas, today announced details on the new ESIX Gaming powered by Coca-Cola. The increase in operating days was offset by a visitation shift of approximately 200 thousand guests from the first quarter to the second quarter 2022 due to the later timing of the Easter holiday, which caused some schools to schedule spring-break vacations in the second quarter of 2022 versus the first quarter in 2021. 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. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. While it will take time to achieve our ambitious goals, we are encouraged by our recent progress, with guest spending per capita up nearly 50 percent year-to-date relative to 2019, and with attendance trends and season pass sales significantly accelerating in October and early November. The park's 2023 season opens Saturday. Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. 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. During the second quarter 2021, the company received $11.3 million related to one of its terminated international development agreements in China. Cookie Notice "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). Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. Learn how your comment data is processed. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. Date. investors@sftp.com, Source: Six Flags Entertainment Corporation. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. 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. 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. But, for the fourth straight year, there won't be any new roller coaster rides. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. April 22 . We are cashless at the gate. Six Flags only accepts card payments. Average Retirement Savings By Age: Are You Normal? The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. March 19 & 20 It's never too soon to begin planning for more thrills in 2022! Yes this isn't clickbaitIt was recently discovered that we will not be getting anymore announcement videos, the news came from screamscape and while screams. Senior Vice President We believe that Modified EBITDA provides relevant and useful information for investors because it assists in comparing our operating performance on a consistent basis, makes it easier to compare our results with those of other companies in our industry as it most closely ties our performance to that of our competitors from a park-level perspective and allows investors to review performance in the same manner as our management. Six Flags Over Georgia announces impressive event lineup for the 2023 season with exciting, new festivals and the return of guest-favorites. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. . The call is accessible through either the Six Flags Investor Relations website at 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. ARLINGTON, Texas--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX) (the "Company," "we," "us" or "our"), the world's largest regional theme park company and the largest operator of water parks in North America, today announced that it has priced $800 million aggregate principal amount of 7.250% senior notes due 2031 at an offering price of 99.248% of the . Six Flags Magic Mountain will welcome the world's tallest and longest single-rail coaster to its world-record line-up next year. Six Flags Wiki is a FANDOM Lifestyle Community. 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. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. If you have the newer Annual passes like . Press Releases 2023 - Six Flags Six Flags Sets Date to Announce Second Quarter 2022 Earnings. "Our announcement was made last month after careful and deep consideration," Hewitt said. Jul 28, 2021. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. Six Flags Magic Mountain Update - June 27, 2021 (2022 Coaster, Traffic Issues, etc) Park Journey 1 year ago It's cable reimagined No DVR space limits. Six Flags Entertainment Corporation (NYSE: SIX), the worlds largest regional theme park company and the largest operator of waterparks in North America, today reported first quarter 2022 financial results. 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up Currently there's a $29.99 but I'm not sure if this applies to all parks. Its compact layout will occupy a space of 79 feet by 162 feet and will have a height requirement of 36 inches. Karie Angell Luc/for the Daily Herald, 2021. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. April 30 Six Flags Hurricane Harbor Splashtown re-opens for the 2022 season. Prices, operating schedule and park policies are subject to change without notice. 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. Texans celebrate Cinco because a Texan led Mexicos victory. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. 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. 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. Six Flags Entertainment Corporation is the worlds largest regional theme park company with 27 parks across the United States, Mexico and Canada. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. Corporate Communications, Investor Relations and Treasurer 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. March 4 - Six Flags Over Georgia opens for the 2023 season. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Midway Mayhem - SIX FLAGS OVER GEORGIA NEW FOR 2022 - Facebook Amounts recorded as Other expense, net include certain non-recurring costs incurred in conjunction with changes made to our organizational structure in December 2021 and the transformation plan initiated in early 2020.