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. 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. Park officials also announced new special events and festivals. Screamscape was the 2022 . 01/31/2023. At 7:00 a.m. Central Time today, November 10, 2022, the company will host a conference call to discuss its third quarter 2022 financial performance. . Its compact layout will occupy a space of 79 feet by 162 feet and will have a height requirement of 36 inches. 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. Press Releases 2023 - Six Flags 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). Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. U-shaped roller coaster Vertical Velocity is now The Flash: Vertical Velocity, water ride Yankee Clipper is now Aquaman Splashdown, and spinning swing ride Whirligig is now the DC Super-Villains Swing. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Six Flags' NEW For 2023 Coasters MIND BLOWING - YouTube Karie Angell Luc/for the Daily Herald, 2021. and our 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005760/en/, Stephen R. PurtellSenior Vice PresidentCorporate Communications, Investor Relations and Treasurer+1-972-595-5180investors@sftp.com. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. Real-time updates and all local stories you want right in the palm of your hand. Six Flags Entertainment and Coca-Cola Extend Long-Time Strategic Partnership. The park's 2023 season opens Saturday. 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. The decrease was primarily due to the deferral of revenue in the prior year period from guests whose benefits were extended from 2020 into 2021 due to the pandemic. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Six Flags to Bring Pirate Boat Ride to Texas in 2022 - Theme Park Insider Use the search bar below: Fun Spots Mine Blower to get RMC re-track? 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. 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. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. At esix Gaming, we cater to all types of gamers. 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. All rights reserved. The company partially offset the decrease in revenue with lower cash operating costs. 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. The higher In-park spending reflects the companys in-park pricing initiatives. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. Investor Relations Home - Six Flags Harry Styles' Next 'Harry's House' Single Announced - Billboard Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. We use certain per capita metrics that are non-GAAP measures of the performance of our business on a per guest basis and believe that these metrics provide relevant and useful information for investors because they assist in comparing our operating performance on a consistent basis, make it easier to compare our results with those of other companies and our industry and allows investors to review performance in the same manner as our management. Opening dates for water parks in the Dallas-Fort Worth area | Fort We recommend the Diamond Pass for the best parking! Hurricane Harbor at Six Flags New England re-opens for the 2022 season. The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. 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. 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. Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. Get your first thrills of the season, March 19 and 20. Six Flags Announces Pricing of $800 Million of 7.250% Senior Notes due Six Flags Is About To Open Some Of The Biggest Coasters In The World! Dr. Diabolical's Cliffhanger | Six Flags Wiki | Fandom Adjusted EBITDA was $226 million, a decrease of $53 million compared to third quarter 2021. Six Flags parks are located to serve each of the top 11 designated market areas as identified by A.C. Nielsen Media Research, and serves 145 million people in a 50 mile radius, and 250 million . For more information, visit www.sixflags.com. 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. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. Join us for Opening Weekend, March 19 & 20. While it will take time to achieve our ambitious goals, we are encouraged by our recent progress, with guest spending per capita up nearly 50 percent year-to-date relative to 2019, and with attendance trends and season pass sales significantly accelerating in October and early November. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - 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. Returning guest favorites and new offerings create endless opportunities for fun all year long. During the second quarter 2021, the company received $11.3 million related to one of its terminated international development agreements in China. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Privacy Policy. The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 . Required fields are marked *. +1-972-595-5180 By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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 The company partially offset the decrease in revenue with lower cash operating costs. Title. Six Flags (SIX) Expected to Beat Earnings Estimates: What to Know Ahead For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. Dr. Diabolical's Cliffhanger is a Dive Coaster manufactured by Bolliger & Mabillard that opened on July 30, 2022 at Six Flags Fiesta Texas. Six Flags 2022 New Attractions | Six Flags Wiki | Fandom Processing fees apply to online orders. 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. 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 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 minus capex as defined herein may differ from similarly titled measures presented by other companies. 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. We use cookies to optimize our website and our service. No long-term contract. Newsroom - Six Flags Over Georgia Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20221110005245/en/. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. 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. Afterward, it was changed and renamed to the current version of the attractionYosemite Sam and the Gold River Adventure, until a flood caused the ride to be shut down for almost two years. 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. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. A list of events in 2023 related to Six Flags. Six Flags Over Texas confirmed . Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Six Flags America opens for the 2023 season. Six Flags Offers Thrills, Inclusivity and Safety for Everyone. Date. 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. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? 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 . 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. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. March 4 - Six Flags Over Georgia opens for the 2023 season. (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. 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. Date. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. 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. Texans celebrate Cinco because a Texan led Mexicos victory. "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). 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. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. 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. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). 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. 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. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Six Flags Magic Mountain will welcome the world's tallest and longest single-rail coaster to its world-record line-up next year. Six Flags Over Texas will make over one of its classic dark rides for 2022. Admissions revenue per capita is calculated by dividing Park admission revenue by total attendance. Date. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Your email address will not be published. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. They still have BAF discounted days. Learn how your comment data is processed. Deferred revenue was $127 million as of October 2, 2022, a decrease of $98 million, or 44%, from October 3, 2021. Adjusted EBITDA is approximately equal to Parent Consolidated Adjusted EBITDA as defined in our secured credit agreement, except that Parent Consolidated Adjusted EBITDA excludes Adjusted EBITDA from equity investees that is not distributed to us in cash on a net basis and has limitations on the amounts of certain expenses that are excluded from the calculation.
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