Six Flags only accepts card payments. 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. Six Flags has 27 parks across the United States, Mexico and Canada with world-class coasters, family rides for all ages, up-close animal encounters and thrilling water parks. With over 20 brews on tap, popular North Texas brewery to open in Cleburne this summer, Viva Mxico! April 1 Six Flags Great Adventure opens for the 2023 season. 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 . The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. The park announced today that it will . We are cashless at the gate. ARLINGTON, Texas--(BUSINESS WIRE)-- The village has given the . Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. 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. 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. No long-term contract. (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 income attributable to Six Flags Entertainment Corporation. They still have BAF discounted days. A group rides a tube on the Tornado ride Wednesday, June 1, 2022, at Hurricane Harbor in Arlington. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. 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. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . These risks and uncertainties include, among others, factors impacting attendance, such as local conditions, natural disasters, contagious diseases, including COVID-19, 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, including with respect to business operations, safety protocols and public gatherings; political or military events; 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; economic conditions (including 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). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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 first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. Texans celebrate Cinco because a Texan led Mexicos victory. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. The technical storage or access that is used exclusively for anonymous statistical purposes. She graduated from the University of Texas at Arlington in 2020, where she worked at the campus paper, The Shorthorn, for two years. This is unofficial, I just. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. Document. No need for fans to be spinning out waiting for Harry Styles ' next single any longer. 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. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. 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. 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. Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. To celebrate its 60 th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. Were thinking there may be another PowerSplash in the future. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. Required fields are marked *. Deferred revenue was $127 million as of October 2, 2022, a decrease of $98 million, or 44%, from October 3, 2021. The higher In-park spending reflects the companys in-park pricing initiatives and positive consumer spending trends. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. April 7 - Six Flags New England opens for the 2023 season. Summer is around the corner and area water parks are already preparing for the 2023 season. The higher In-park spending reflects the companys in-park pricing initiatives. . Six Flags Over Texas confirmed . Hurricane Harbor at Six Flags New England re-opens for the 2022 season. Last year, the section of the park once known as Yankee Harbor -- decorated in the style of coastal New England upon the park's creation in 1976 -- got a superhero makeover and called DC Universe. The parks will be open from noon to 5 p.m. on May 6 and 7 for season pass holders only. Six Flags Q4 2022 and 2022 Year End Report Results City of Frisco Votes To Go Ahead With Universal Studios Texas Park Plans . 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 . [1] Due to the COVID-19 pandemic, some rides planned to have opened in 2020 were delayed to 2022 or later. But, for the fourth straight year, there won't be any new roller coaster rides. May May 7 Six Flags White Water re-opens for the 2022 season. "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). Processing fees apply to online orders. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. Senior Vice President Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Manage all your favorite fandoms in one place! The call is accessible through either the Six Flags Investor Relations website at investors.sixflags.com or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States . The call is accessible through either the Six Flags Investor Relations website at investors.sixflags.com or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States and requesting the Six Flags earnings call or conference ID 3749243. We recommend the Diamond Pass for the best parking! Prices, operating schedule and park policies are subject to change without notice. does anyone know. 07/06/2022. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Splash Dayz will be open May 20 from 11 a.m. to 3 p.m. then open for the season May 27 from 10 a.m. to 8 p.m. Fridays-Sundays and 11 a.m. to 8 p.m. Tuesdays through Thursdays. The park's 2023 season opens Saturday. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Rumors grew throughout the season that the ride would be delayed yet again. 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. So far, no plans have been announced to add a new ride or other significant attraction to the park in 2024, officials said. Real-time updates and all local stories you want right in the palm of your hand. Privacy Policy. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. Net debt as of April 3, 2022, calculated as total reported debt of $2,631 million less cash and cash equivalents of $252 million, was $2,379 million. 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 . A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. was the 2022 . With a top speed of 63 mph, this launch-style water coaster will take riders to 90-degree angles, across more than 700 feet of track. The company partially offset the decrease in revenue with lower cash operating costs. April 15 Six Flags Great America re-opens for the 2022 season. Six Flags America Shuts Down 2 Areas Indefinitely, Kentucky Kingdom Retires T3 Roller Coaster, Recapping OSUs SITE 2023 Student-led Conference, Review: Serengeti Flyer at Busch Gardens Tampa. 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. 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. Title Six Flags Hosts National Hiring Week; Plans to Hire 15,000 Team Members: Document: Date 04/17/2023 Title Six Flags Sets Date to Announce First Quarter 2023 Earnings: Document: Date 03/02/2023 Title Six Flags Reports Fourth Quarter and Full Year 2022 Performance: Document: Date 03/01/2023 Currently there's a $29.99 but I'm not sure if this applies to all parks. 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 19 & 20 It's never too soon to begin planning for more thrills in 2022! Ive been trying to figure out which days I can bring a friend for free in my portal. Six Flags America opens for the 2023 season. 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. 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. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. I believe it's 3000 points to redeem a bring a friend ticket. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. In addition, there were increased operating days in first half 2022 compared to the prior year period, which was negatively impacted by pandemic-related closures and operating restrictions. 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. 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. 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. Paddock Publications, Inc. is an Employee-Owned Company. Park-goers started to voice concerns in early 2022 when there appeared to be little to no progression on the AQUAMAN: Power Wave construction site. 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. The company partially offset the decrease in revenue with lower cash operating costs. 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. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? 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. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. Megan Cardona is a service journalism reporter at the Star-Telegram covering a variety of topics including government policy, community resources, entertainment and more to help residents navigate everyday life in North Texas. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Get your first thrills of the season, March 19 and 20. Six Flags Sets Date to Announce Second Quarter 2022 Earnings. 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. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. At 7:00 a.m. Central Time today, November 10, 2022, the company will host a conference call to discuss its third quarter 2022 financial performance. Visitors to Six Flags Great America will see improvements in comfort and fan experience at the Gurnee amusement park when it opens for the 2023 season Saturday, officials said. Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. 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 parks are located to serve each of the top 11 designated market areas as identified by A.C. Nielsen Media Research, and serves 145 million people in a 50 mile radius, and 250 million . 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. "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). The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. Use the search bar below: Fun Spots Mine Blower to get RMC re-track? 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. Several outdoor water parks are set to open in May with full hours starting in June. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. See copyright and trademarks. An investor conference call will follow beginning at 7:00 a.m. Central Time. A list of events in 2022 related to Six Flags. Title. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Adjusted EBITDA was $366 million, a decrease of $38 million compared to the first nine months 2021, driven by lower revenues partially offset by a reduction in expenses. 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. [1] Announcement [] In 2022, Six Flags Great Adventure, Six Flags Over Georgia and Six Flags New England announced the addition of a new roller coaster for the 2023 seasons. 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. 07/14/2022. Flags and signs of support for those countries are banned from tournament grounds. At esix Gaming, we cater to all types of gamers. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we make no assurance that such expectations will be realized and actual results could vary materially. Six Flags 2022 Announcement Video (Unofficial) 1,089 views Jan 9, 2022 10 Dislike Share Coaster Delta 6 subscribers Six Flags' 2022 Announcement Video! For more information, visit www.sixflags.com. The technical storage or access that is used exclusively for statistical purposes. 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. All rights reserved. 01/31/2023. The company had a net income of $116 million in third quarter 2022, compared to $157 million in third quarter 2021. Here are some North Texas water parks set to open next month. Park officials also announced new special events and festivals. 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. 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. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. 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.