. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. SFMM: 2022-01-01 - Six Flags No long-term contract. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. Dr. Diabolical's Cliffhanger at Six Flags Fiesta Texas, Wonder Woman: Flight of Courage at Six Flags Magic Mountain. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Six Flags Entertainment and Coca-Cola Extend Long-Time Strategic Partnership. 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). 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. Comparable periods are January 1 through October 3, 2021, compared to January 3 through October 2, 2022, resulting in three additional days in 2021. We offer lots of group ticket packages, to match every event size and activity. RUMOR - Six Flags to Announce New Rides for 2021. 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. Six Flags to Bring Pirate Boat Ride to Texas in 2022 - Theme Park Insider 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). A list of events in 2022 related to Six Flags. (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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. The loss per share was $(0.76) compared to a loss per share of ($1.12) in first quarter 2021. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. Screamscape A group rides a tube on the Tornado ride Wednesday, June 1, 2022, at Hurricane Harbor in Arlington. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. 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. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. "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). In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20221110005245/en/. 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 technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. 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. 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 2022 Six Flags. 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). 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. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. Earlier this year, Six Flags Fiesta Texas welcomed a groundbreaking roller coaster, Dr. Diabolical's Cliffhanger, making 2023 the second . 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. See copyright and trademarks. 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. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. The park's 2023 season opens Saturday. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Cookie Notice Aug 6, 2021. "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). Privacy Policy. April 22 . Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. Returning guest favorites and new offerings create endless opportunities for fun all year long. Remember to buy your parking online before you visit. Title. For more information, please see our The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). Get your first thrills of the season, March 19 and 20. 5-min read. Newsroom - Six Flags Over Georgia 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. Document. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. 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. We are cashless at the gate. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests ride Maxx Force in Gurnee. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. This state-of-the-art esports competitive gaming campus is complete with the newest high-tech equipment and the industry's biggest titles, providing an unmatched gaming experience. 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. Six Flags Over Texas Announces Two New Rides for 2022 The village has given the park around $387,000 total in 2018, 2019 and 2021. Learn more about us here. The Monster Opens and Youve Got to See Its Nighttime Lighting, Walt Disney World Pre-vs-Post Covid Cost Comparison, State-of-the-art animatronics throughout the ride experience; and. Six Flags Is About To Open Some Of The Biggest Coasters In The World! 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.
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