Maxx Force debuted in July 2019 and remains the park's newest roller coaster. 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. 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. Prices, operating schedule and park policies are subject to change without notice. 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. About Six Flags Entertainment Corporation. Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. 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. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. She graduated from the University of Texas at Arlington in 2020, where she worked at the campus paper, The Shorthorn, for two years. 2022 Six Flags. Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . So far, no plans have been announced to add a new ride or other significant attraction to the park in 2024, officials said. Its compact layout will occupy a space of 79 feet by 162 feet and will have a height requirement of 36 inches. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Were thinking there may be another PowerSplash in the future. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Processing fees apply to online orders. 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. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. The technical storage or access that is used exclusively for statistical purposes. 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. Saturday, August 8, 2020 - 07:24. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. During the unprecedented last four months, at a time when uncertainty and . 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 Great America guests enter the line for the Maxx Force ride in Gurnee. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. 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. 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. For more information, visit www.sixflags.com. Your email address will not be published. Corporate Communications, Investor Relations and Treasurer For more information, please see our Six Flags has been quickly executing to improve the guest experience, improving ride throughput by increasing ride uptime and implementing single rider lanes on busy days; improving staffing and training of our team members; upgrading our park appearance, including our front gates, restrooms and restaurants; providing better food quality; and offering more guest amenities such as benches, shade structures, and childrens areas, said Selim Bassoul, President and CEO. 01/31/2023. Returning guest favorites and new offerings create endless opportunities for fun all year long. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. RUMOR - Six Flags to Announce New Rides for 2021. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005245/en/, Stephen Purtell 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. In addition, the instruments governing our indebtedness use Adjusted EBITDA to measure our compliance with certain covenants and, in certain circumstances, our ability to make certain borrowings. In addition, there were three additional days included in first quarter 2021 compared to first quarter 2022 due to adoption of a fiscal reporting calendar in the quarter commencing January 1, 2021, which accounted for 89 thousand additional guests in first quarter 2021.2. As the worlds first regional theme park, Six Flags Over Texas has built a solid reputation of providing innovative thrills and lifelong memories for generations of families, said Six Flags Over Texas Park President Ron McKenzie. Six Flags Sets Date to Announce Second Quarter 2022 Earnings. The decrease was primarily due to lower unit sales of season passes and memberships. 5-min read. Let us know in the comments section below! 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. Although Splash Dayz will be closed Mondays, the park will be open for Memorial Day on May 29 from 11 a.m. to 8 p.m. NRH2O Family Water Park will be open for weekends only starting May 13 from 11 a.m. to 6 p.m. before opening for the season May 27. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. 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). Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. 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. Manage all your favorite fandoms in one place! I have the gold plus membership and saw I could do this but dont know how and which days they are. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. 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. Rumors grew throughout the season that the ride would be delayed yet again. The higher In-park spending reflects the companys in-park pricing initiatives. March 4 - Six Flags Over Georgia opens for the 2023 season. Event highlights for the 2022/2023 seasons include: Six Flags Over Texas will make over one of its classic dark rides for 2022. Dr. Diabolical's Cliffhanger at Six Flags Fiesta Texas, Wonder Woman: Flight of Courage at Six Flags Magic Mountain. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . Six Flags Is About To Open Some Of The Biggest Coasters In The World! 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. Now you have to enroll into the rewards program and collect points through purchasing items at your park, visiting and so on. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Earlier this year, Six Flags Fiesta Texas welcomed a groundbreaking roller coaster, Dr. Diabolical's Cliffhanger, making 2023 the second . 07/06/2022. ARLINGTON, Texas--(BUSINESS WIRE)-- "Our announcement was made last month after careful and deep consideration," Hewitt said. 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 . Cookie Notice April 15 Six Flags Great America re-opens for the 2022 season. For more information, visit www.sixflags.com. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. 2022 Six Flags. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. Six Flags Wiki is a FANDOM Lifestyle Community. A group rides a tube on the Tornado ride Wednesday, June 1, 2022, at Hurricane Harbor in Arlington. 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up We recommend the Diamond Pass for the best parking! The technical storage or access that is used exclusively for anonymous statistical purposes. 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 Dr. Diabolical's Cliffhanger is a Dive Coaster manufactured by Bolliger & Mabillard that opened on July 30, 2022 at Six Flags Fiesta Texas. 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. Prices, operating schedule and park policies are subject to change without notice. Document. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. 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. 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. But, for the fourth straight year, there won't be any new roller coaster rides. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. Real-time updates and all local stories you want right in the palm of your hand. Required fields are marked *. Date. 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 . By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. 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. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. 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. 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. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. The theme park was closed throughout 2020 due to health concerns stemming from the COVID-19 pandemic. 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. This announcement was praised for being a "perfect fit" for the Arlington, TX 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. 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)? [1] Due to the COVID-19 pandemic, some rides planned to have opened in 2020 were delayed to 2022 or later. 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. Here are some North Texas water parks set to open next month. Texans celebrate Cinco because a Texan led Mexicos victory. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. Six Flags Over Texas confirmed . Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. April 7 - Six Flags New England opens for the 2023 season. 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. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. 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. 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. 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. Currently there's a $29.99 but I'm not sure if this applies to all parks. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. A list of events in 2022 related to Six Flags. 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. As of October 2, 2022, the company had total reported debt of $2,389 million, and cash or cash equivalents of $73 million. Jul 28, 2021. Join us for Opening Weekend, March 19 & 20. We have reoriented our culture to prioritize the guest in everything we do, and we fundamentally believe this will drive significant and sustainable long-term earnings growth., (Amounts in millions, except per share data), Net loss attributable to Six Flags Entertainment, Total revenue for first quarter 2022 increased $56 million, or 68%, compared to first quarter 2021, driven by higher attendance and guest spending per capita. Six Flags America opens for the 2023 season. Document. and our 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. . Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. 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. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. . Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. To celebrate its 60 th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. +1-972-595-5180 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. Date. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. Senior Vice President 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. "We are always looking at potential new additions to the park and how/when they may best fit.". A list of events in 2023 related to Six Flags. 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. 2023 Announcements Are Around The Corner & Six Flags New Lineup Of Coasters May Be Thei. investors@sftp.com, Source: Six Flags Entertainment Corporation. was the 2022 . 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. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. +1-972-595-5180 No long-term contract. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. Privacy Policy. 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. This is unofficial, I just. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell 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). No need for fans to be spinning out waiting for Harry Styles ' next single any longer. Get your first thrills of the season, March 19 and 20. Corporate Communications, Investor Relations and Treasurer Fright Fest and Holiday in the Park are registered trademarks of . Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. This year, look for rib-eye tacos, conjunto or a Big Rita.. April 9 Six Flags New England re-opens for the 2022 season. The following tables set forth a reconciliation of net income to Adjusted EBITDA for the three month and nine month periods ended October 3, 2022, and October 2, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. Total revenue for the first nine months 2022 decreased $102 million, or 9%, compared to the first nine months 2021, driven by lower attendance partially offset by higher per capita spending. If you have the newer Annual passes like . Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. 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. Hurricane Harbor will open May 20 and 21 from 11 a.m. to 6 p.m. 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 $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. Yes this isn't clickbaitIt was recently discovered that we will not be getting anymore announcement videos, the news came from screamscape and while screams. They still have BAF discounted days. We use cookies to optimize our website and our service. 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. (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. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). Use the search bar below: Fun Spots Mine Blower to get RMC re-track? Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. 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. . Park officials also announced new special events and festivals. As the largest regional theme park company in the world, Six Flags creates thrilling, memorable experiences within our portfolio of regional parks, delivered by a diverse and empowered team, through industry-leading innovation and . The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. For more information, visit www.sixflags.com. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. Privacy Policy. April 22 . Only eleven parks announced their plans for the 2022 season, with two of them remaining delayed or being cancelled. See copyright and trademarks. The park announced today that it will . Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. About Six Flags Entertainment Corporation. We believe that these non-GAAP financial measures provide important and useful information for investors to facilitate a comparison of our operating performance on a consistent basis from period to period and make it easier to compare our results with those of other companies in our industry.
six flags 2022 announcements