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was the 2022 . These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. 02/23/2023. In 2018, the village board approved a plan to cap the amusement tax revenue the village receives from the park at $2.8 million and give any taxes collected above that threshold back to Great America. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Three existing rides were adapted to the new theme. As of October 2, 2022, the company had total reported debt of $2,389 million, and cash or cash equivalents of $73 million. Six Flags Offers Thrills, Inclusivity and Safety for Everyone. 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 . (3). +1-972-595-5180 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. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. 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. Document. and our Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. 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. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. The technical storage or access that is used exclusively for statistical purposes. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. Join us for Opening Weekend, March 19 & 20. 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. Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. Corporate Communications, Investor Relations and Treasurer Six Flags St. Louis opens for the 2023 season. May May 7 Six Flags White Water re-opens for the 2022 season. 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)? 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. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). During the second quarter 2021, the company received $11.3 million related to one of its terminated international development agreements in China. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. The village has given the park around $387,000 total in 2018, 2019 and 2021. 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. 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. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. 2023 Announcements Are Around The Corner & Six Flags New Lineup Of Coasters May Be Thei. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. The park will extend its weekday hours to close at 7 p.m. in mid June. 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 minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. No long-term contract. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. Event highlights for the 2022/2023 seasons include: Prices, operating schedule and park policies are subject to change without notice. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. 5-min read. 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. Average Retirement Savings By Age: Are You Normal? Required fields are marked *. Starting in June, the park will have extended hours Friday through Sunday from 11 a.m. to 7 p.m. ARLINGTON, Texas--(BUSINESS WIRE)-- 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. Fright Fest and Holiday in the Park are registered trademarks of . For more information, visit www.sixflags.com. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Do you know what to do if you come across one? 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. Ive been trying to figure out which days I can bring a friend for free in my portal. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. Date. Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. Real-time updates and all local stories you want right in the palm of your hand. 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. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. 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. 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. 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. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. [1] 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. Six Flags Entertainment Corporation is the worlds largest regional theme park company and the largest operator of water parks in North America, with 27 parks across the United States, Mexico and Canada. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. 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 . (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. 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 . Six Flags Is About To Open Some Of The Biggest Coasters In The World! Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. 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. Flags and signs of support for those countries are banned from tournament grounds. 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. All rights reserved. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. Saturday, August 8, 2020 - 07:24. Six Flags Q4 2022 and 2022 Year End Report Results City of Frisco Votes To Go Ahead With Universal Studios Texas Park Plans . For more information, please see our Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. 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. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. The following tables set forth a reconciliation of net (loss) income to Adjusted EBITDA for the three-month periods and twelve-month periods ended April 3, 2022 and April 4, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). "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). Paul Valade | Staff Photographer, 2022. No hidden fees.. Roller coaster and theme park photos, news, reviews, videos, articles and more. Earlier this year, Six Flags Fiesta Texas welcomed a groundbreaking roller coaster, Dr. Diabolical's Cliffhanger, making 2023 the second . Six Flags has been quickly executing to improve the guest experience, improving ride throughput by increasing ride uptime and implementing single rider lanes on busy days; improving staffing and training of our team members; upgrading our park appearance, including our front gates, restrooms and restaurants; providing better food quality; and offering more guest amenities such as benches, shade structures, and childrens areas, said Selim Bassoul, President and CEO. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. 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. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. Hurricane Harbor will open May 20 and 21 from 11 a.m. to 6 p.m. Get your first thrills of the season, March 19 and 20. 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. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20221110005245/en/. 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. 01/31/2023. This announcement was praised for being a "perfect fit" for the Arlington, TX park. 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. 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. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . Since most of the parks are not scheduled to be open during the first quarter, the company had a net loss of $66 million in first quarter 2022. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. Processing fees apply to online orders. For more information, visit www.sixflags.com. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. 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. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Use the search bar below: Fun Spots Mine Blower to get RMC re-track? But, for the fourth straight year, there won't be any new roller coaster rides. 2022 Six Flags. A list of events in 2023 related to Six Flags. The technical storage or access that is used exclusively for anonymous statistical purposes. Hurricane Harbor at Six Flags New England re-opens for the 2022 season. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. Adjusted EBITDA was a loss of $16 million, an improvement of $30 million compared to first quarter 2021, reflecting higher revenue and improved margins. The park announced today that it will . March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. See copyright and trademarks. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. 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. Manage all your favorite fandoms in one place! We have finally returned to Six Flags Over Georgia, and quite a bit has changed! "We are always looking at potential new additions to the park and how/when they may best fit.". The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. 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.
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