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. 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). The technical storage or access that is used exclusively for anonymous statistical purposes. Your email address will not be published. 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. March 19 & 20 It's never too soon to begin planning for more thrills in 2022! Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. Prices, operating schedule and park policies are subject to change without notice. The market expects Six Flags (SIX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2023. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. Date. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. Six Flags Great America guests ride Maxx Force in Gurnee. The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. No hidden fees.. 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. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. 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. "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). 2022 Six Flags. Aug 6, 2021. Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. 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)? 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. All rights reserved. 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. 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. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - Real-time updates and all local stories you want right in the palm of your hand. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. 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. 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. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell 5-min read. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. 2022 Six Flags. 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. Use the search bar below: Fun Spots Mine Blower to get RMC re-track? 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. The park this morning announced that . 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. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. 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. No need for fans to be spinning out waiting for Harry Styles ' next single any longer. All rights reserved. Do you know what to do if you come across one? 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. 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. 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. 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. Document. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? The higher In-park spending reflects the companys in-park pricing initiatives. 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 . May May 7 Six Flags White Water re-opens for the 2022 season. I believe it's 3000 points to redeem a bring a friend ticket. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. Six Flags Offers Thrills, Inclusivity and Safety for Everyone. 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. 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. 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 company operates 27 parks, twenty five in the United States, two in Mexico and one in Montreal, Canada. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Six Flags Over Texas will make over one of its classic dark rides for 2022. 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. See the following financial statements and Note 4 to those financial statements for a discussion of Adjusted EBITDA (a non-GAAP financial measure) and its reconciliation to net income (loss). 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. 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. 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. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. 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. . Fright Fest and Holiday in the Park are registered trademarks of . Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests ride Maxx Force in Gurnee. A list of events in 2022 related to Six Flags. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Hurricane Harbor at Six Flags New England re-opens for the 2022 season. Get your first thrills of the season, March 19 and 20. 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. April 15 Six Flags Great America re-opens for the 2022 season. For more information, please see our Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. ARLINGTON, Texas--(BUSINESS WIRE)-- We are cashless at the gate. 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. So far, no plans have been announced to add a new ride or other significant attraction to the park in 2024, officials said. As of October 2, 2022, the company had total reported debt of $2,389 million, and cash or cash equivalents of $73 million. Though the theme park does not share attendance figures, industry analysts and village data suggest the park got back on track in 2021 and 2022. Document. 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. An investor conference call will follow beginning at 7:00 a.m. Central Time. (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. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Cookie Notice 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. Excluding the impact of the payment, Adjusted EBITDA decreased $27 million compared to the first nine months 2021. 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. 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. Six Flags 2022 Announcement Video (Unofficial) 1,089 views Jan 9, 2022 10 Dislike Share Coaster Delta 6 subscribers Six Flags' 2022 Announcement Video! Maxx Force debuted in July 2019 and remains the park's newest roller coaster. March 4 - Six Flags Over Georgia opens for the 2023 season. 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. Saturday, August 8, 2020 - 07:24. The park will extend its weekday hours to close at 7 p.m. in mid June. Let us know in the comments section below! (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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The park's 2023 season opens Saturday. About Six Flags Entertainment Corporation. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. April 7 - Six Flags New England opens for the 2023 season. 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). 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. With over 20 brews on tap, popular North Texas brewery to open in Cleburne this summer, Viva Mxico! Non-admission revenue per capita is calculated by dividing Park food, merchandise and other revenue by total attendance. Title. 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. The parks will be open from noon to 5 p.m. on May 6 and 7 for season pass holders only. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. 2022 Six Flags. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. For more information, please see our By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. To celebrate its 60th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. The company partially offset the decrease in revenue with lower cash operating costs. 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. 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. Paddock Publications, Inc. is an Employee-Owned Company. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. 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 St. Louis opens for the 2023 season. 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. Were thinking there may be another PowerSplash in the future. 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. The park's 2023 season opens Saturday. April 1 Six Flags Great Adventure opens for the 2023 season. Date. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. 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. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. But, for the fourth straight year, there won't be any new roller coaster rides. 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.
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