Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. 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. 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 . Corporate Communications, Investor Relations and Treasurer 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. Learn more about us here. Six Flags Magic Mountain will welcome the world's tallest and longest single-rail coaster to its world-record line-up next year. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. 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. 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. Excluding the impact of the payment, Adjusted EBITDA decreased $27 million compared to the first nine months 2021. Real-time updates and all local stories you want right in the palm of your hand. This year, look for rib-eye tacos, conjunto or a Big Rita.. 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. 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. For more information, visit www.sixflags.com. Join us for Opening Weekend, March 19 & 20. 2022 Opening Weekend - Six Flags America Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. She graduated from the University of Texas at Arlington in 2020, where she worked at the campus paper, The Shorthorn, for two years. 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. March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. Six Flags St. Louis opens for the 2023 season. Currently there's a $29.99 but I'm not sure if this applies to all parks. 2022 announcements : sixflags - Reddit Six Flags Offers Thrills, Inclusivity and Safety for Everyone. 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. 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. All rights reserved. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Snake season in North Texas is here. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? Flags and signs of support for those countries are banned from tournament grounds. 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. 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. Returning guest favorites and new offerings create endless opportunities for fun all year long. A list of events in 2023 related to Six Flags. Six Flags Magic Mountain Announces RMC Raptor for 2022 - Theme Park Insider 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. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. 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), World's Largest Ride - American Coaster Enthusiasts (ACE)., Holiday in the Park Drive-Thru Experience, Hurricane Harbor at Six Flags Darien Lake, https://www.iaapa.org/news/funworld/remembering-hank-salemi-six-flags-great-america, https://www.narcity.com/fr/montreal/la-ronde-donne-des-nouvelles-de-la-montagne-russe-vipere-qui-devait-ouvrir-en-2020, https://twitter.com/jeffrey_siebert/status/1498836739053531143, https://www.aceonline.org/page/largestride, Do Not Sell or Share My Personal Information. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. 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. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). For 61 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. World's Steepest Dive Coaster Coming to Six Flags Fiesta Texas Looking for something specific? . These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. 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. Newsroom - Six Flags Over Georgia 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. Six Flags Announces First Quarter 2022 Performance The technical storage or access that is used exclusively for anonymous statistical purposes. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. investors@sftp.com, Source: Six Flags Entertainment Corporation. Six Flags Wiki is a FANDOM Lifestyle Community. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. Prices, operating schedule and park policies are subject to change without notice. eSix Gaming at Six Flags Fiesta Texas in San Antonio Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. The company partially offset the decrease in revenue with lower cash operating costs. Thrill Capital of the Midwest - Six Flags Great America We have an exciting lineup of new rides and immersive festivals planned for 2023, and we are optimistic that our momentum will continue through the upcoming season and beyond., (Amounts in millions, except per share data), Net income attributable to Six Flags Entertainment. Event highlights for the 2022/2023 seasons include: 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. bring a friend for free dates for 2022 : r/sixflags - Reddit The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. 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. No long-term contract. 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. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. An investor conference call will follow beginning at 7:00 a.m. Central Time. We use cookies to optimize our website and our service. The higher In-park spending reflects the companys in-park pricing initiatives. ARLINGTON, Texas--(BUSINESS WIRE)-- About Six Flags Entertainment Corporation. 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. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. 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. Six Flags Over Texas Announces Two New Rides for 2022 The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. +1-972-595-5180 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. Six Flags Sets Date to Announce Third Quarter 2022 Earnings - Yahoo Finance A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. Aquaman: Power Wave, which was previously announced as a Power Splash multi-launch water coaster by Mack Rides, will also debut next season. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. 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. 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 . and our 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 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.
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