Paddock Publications, Inc. is an Employee-Owned Company. 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. The main announcement: Pirates of Speelunker Cave, isa re-imagined boat-like ride that will place guests squarely in the middle of a pirate treasure hunt thwarted by resident Speelunkers. This will open in early 2022. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. 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. In addition, due to the adoption of a fiscal reporting calendar commencing January 1, 2021, there were three fewer days in the first nine months 2022 compared to the first nine months 2021, which accounted for 89 thousand additional guests in the first nine months 2021. and our A group rides a tube on the Tornado ride Wednesday, June 1, 2022, at Hurricane Harbor in Arlington. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. Sisters Tammy Slaton Seemingly Out of Wheelchair Amid Weight Loss Journey: Photo, Padma Lakshmi Sizzles in SI Swimsuit Debut, Pitchfork and Them Announce Night Out, a Pride Celebration and Concert,
Aerosmith Announces Farewell Concert Tour Dates, Listen to Kant10ts Big Meech: The Ones. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Adjustments to reconcile net income 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 operating activities, Purchase of identifiable intangible assets, Redemption premium payments on debt extinguishment, Payment of tax withholdings on equity-based compensation through shares withheld, Purchase of redeemable noncontrolling interest, Distributions to noncontrolling interests, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Definition and Reconciliation of Non-GAAP Financial Measures. (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. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. Processing fees apply to online orders. The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. 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. The decrease was primarily due to lower unit sales of season passes and memberships. This is unofficial, I just. Six Flags Over Georgia announces impressive event lineup for the 2023 season with exciting, new festivals and the return of guest-favorites. The parks will be open from noon to 5 p.m. on May 6 and 7 for season pass holders only. 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. was the 2022 . May May 7 Six Flags White Water re-opens for the 2022 season. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Rumors grew throughout the season that the ride would be delayed yet again. The company had a net income of $116 million in third quarter 2022, compared to $157 million in third quarter 2021. 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. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. Python Plunge opens at Six Flags White Water. The park announced today that it will . 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. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005245/en/, Stephen Purtell Learn how your comment data is processed. Let us know in the comments section below! Do you know what to do if you come across one? The pop star confirmed Sunday (April 30) that the next featured track from his 2022 record Harry's House . The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. But, for the fourth straight year, there won't be any new roller coaster rides. The most recent figure published by an industry analyst group was from the 2021 AECOM Theme Index report, which estimated Six Flags Great America had 2,675,000 visitors in 2021 -- 19th place among North American theme parks. 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. Document. 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 . Your email address will not be published. Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. ARLINGTON, Texas--(BUSINESS WIRE)-- The last roller coaster debut was Maxx Force in July 2019, which officials touted as having the fastest launch time -- zero to 78 mph in under 2 seconds -- of any coaster in North America. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. 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 Is About To Open Some Of The Biggest Coasters In The World! 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. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). 02/23/2023. 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. This announcement was praised for being a "perfect fit" for the Arlington, TX park. We offer lots of group ticket packages, to match every event size and activity. All rights reserved. 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. Learn more about our park safety protocols and procedures such as new cashless payments. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. Built by Bolliger and Mabillard (B&M), this floorless dive coaster will be 150ft tall and feature the record breaking 95 degree, beyond vertical drop. As of October 2, 2022, the company had total reported debt of $2,389 million, and cash or cash equivalents of $73 million. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. "We are always looking at potential new additions to the park and how/when they may best fit.". 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. 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. She graduated from the University of Texas at Arlington in 2020, where she worked at the campus paper, The Shorthorn, for two years. 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. To celebrate its 60th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. Cookie Notice March 19 & 20 It's never too soon to begin planning for more thrills in 2022! See copyright and trademarks. We use cookies to optimize our website and our service. 07/14/2022. 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. Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. The park this morning announced that . 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell 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. Date. Six Flags Great America guests ride Maxx Force in Gurnee. 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. Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. 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. 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. 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 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. 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.