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. Robin & Superboy: The Escape | The Movies Wiki | Fandom Six Flags 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. 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. Your email address will not be published. Currently there's a $29.99 but I'm not sure if this applies to all parks. 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. Flags and signs of support for those countries are banned from tournament grounds. 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. 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. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. 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. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. Texans celebrate Cinco because a Texan led Mexicos victory. 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. Hurricane Harbor will open May 20 and 21 from 11 a.m. to 6 p.m. 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. Event highlights for the 2022/2023 seasons include: Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Rumors grew throughout the season that the ride would be delayed yet again. Six Flags Great America guests ride Maxx Force in Gurnee. The village has given the . These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. Real-time updates and all local stories you want right in the palm of your hand. May May 7 Six Flags White Water re-opens for the 2022 season. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. The decrease was primarily due to lower unit sales of season passes and memberships. 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. Six Flags Magic Mountain Announces RMC Raptor for 2022 - Theme Park Insider 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. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests ride Maxx Force in Gurnee. +1-972-595-5180 We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). Manage all your favorite fandoms in one place! 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. Ive been trying to figure out which days I can bring a friend for free in my portal. ARLINGTON, Texas--(BUSINESS WIRE)-- "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). 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. Six Flags America opens for the 2023 season. Aquaman: Power Wave, which was previously announced as a Power Splash multi-launch water coaster by Mack Rides, will also debut next season. 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. This announcement was praised for being a "perfect fit" for the Arlington, TX park. "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). Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. For more information, please see our Six Flags (SIX) Expected to Beat Earnings Estimates: What to Know Ahead 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 . The loss per share was $(0.76) compared to a loss per share of ($1.12) in first quarter 2021. The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. 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. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. 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. 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. But, for the fourth straight year, there won't be any new roller coaster rides. Average Retirement Savings By Age: Are You Normal? Learn more about us here. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. +1-972-595-5180 Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Six Flags Sets Date to Announce Second Quarter 2022 Earnings. Snake season in North Texas is here. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. Six Flags Q4 2022 and 2022 Year End Report Results City of Frisco Votes To Go Ahead With Universal Studios Texas Park Plans . 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. 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. 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. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. The most recent new attraction at Hurricane Harbor water park next door was when Tsunami Surge, an 86-foot-tall water coaster dubbed the tallest of its kind in the world, opened in 2021. 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 Magic Mountain 2022 Attraction Announcement Breakdown 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. Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. 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. Returning guest favorites and new offerings create endless opportunities for fun all year long. . For more information, visit www.sixflags.com. 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. 07/14/2022. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. The village has given the park around $387,000 total in 2018, 2019 and 2021. (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 reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . 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. 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 to Bring Pirate Boat Ride to Texas in 2022 - Theme Park Insider 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. Prices, operating schedule and park policies are subject to change without notice. Here are some North Texas water parks set to open next month. 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. Title. Several outdoor water parks are set to open in May with full hours starting in June. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. 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. Six Flags Entertainment and Coca-Cola Extend Long-Time Strategic Partnership. Fright Fest and Holiday in the Park are registered trademarks of . These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. 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. 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. 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. Arlington, Texas August 25, 2022 Six Flags Over Texas, the Thrill Capital of Texas, today announced a robust lineup of special events during the 2022 and 2023 seasons. 2022 Six Flags. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Adjusted EBITDA was $226 million, a decrease of $53 million compared to third quarter 2021. does anyone know. If you have the newer Annual passes like . 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. Saturday, August 8, 2020 - 07:24. For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. Required fields are marked *. Processing fees apply to online orders. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. I have the gold plus membership and saw I could do this but dont know how and which days they are. and our 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. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. Investor Relations Home - Six Flags We have finally returned to Six Flags Over Georgia, and quite a bit has changed! 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. Roller coaster and theme park photos, news, reviews, videos, articles and more. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. No hidden fees.. was the 2022 . The park this morning announced that . Your email address will not be published. April 30 Six Flags Hurricane Harbor Splashtown re-opens for the 2022 season. 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 execute our strategy 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. 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. All rights reserved. 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. 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. See copyright and trademarks. Six Flags' NEW For 2023 Coasters MIND BLOWING - YouTube 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. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20221110005245/en/. Heres where to find bands, buffets, margaritas and Cinco de Mayo fun, Karl Lagerfelds Interior Design Projects Reveal His Encyclopedic Mind, 1000-Lb. 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. Wimbledon to house Ukrainian tennis players, donate to relief By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. 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. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . The company partially offset the decrease in revenue with lower cash operating costs. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. 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. As of October 2, 2022, the company had total reported debt of $2,389 million, and cash or cash equivalents of $73 million. [1] Due to the COVID-19 pandemic, some rides planned to have opened in 2020 were delayed to 2022 or later. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. Looking for something specific? March 4 - Six Flags Over Georgia opens for the 2023 season. 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 use cookies to optimize our website and our service. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and revenue from memberships beyond the initial 12-month commitment periodin first quarter 2021, the company did not recognize membership revenue from members whose home park was closed due to the pandemic. With over 20 brews on tap, popular North Texas brewery to open in Cleburne this summer, Viva Mxico! 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. The technical storage or access that is used exclusively for statistical purposes. SFMM: 2022-01-01 - Six Flags We Aren't Getting A Six Flags 2022 Announcement Video There are, however, new food and drink options, like a beer garden in the Southwest Territory area, and 90 new park benches and refreshed landscaping throughout the park. 5-min read. Cinema-style, wide-projection technology to fully immerse riders with high-tech digital and physical sets. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. Press Releases 2022 - Six Flags Document. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. 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. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. 02/23/2023. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. 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).
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