six flags 2022 announcements

We offer lots of group ticket packages, to match every event size and activity. The pop star confirmed Sunday (April 30) that the next featured track from his 2022 record Harry's House . Heres where to find bands, buffets, margaritas and Cinco de Mayo fun, Karl Lagerfelds Interior Design Projects Reveal His Encyclopedic Mind, 1000-Lb. 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. Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. 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. The call can be accessed through the Six Flags Investor Relations website, 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. 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. Six Flags Entertainment and Coca-Cola Extend Long-Time Strategic Partnership. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. 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. To celebrate its 60th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. 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. Six Flags Entertainment Corporation is the worlds largest regional theme park company with 27 parks across the United States, Mexico and Canada. Senior Vice President 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. April 1 Six Flags Great Adventure opens for the 2023 season. This was a year of transition for Six Flags, as we made bold changes to our business model in order to elevate the guest experience and to position the company for sustainable, long-term earnings growth, said Selim Bassoul, President and CEO. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. 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. +1-972-595-5180 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. Texans celebrate Cinco because a Texan led Mexicos victory. 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. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. 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. 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. 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. Six Flags Wiki is a FANDOM Lifestyle Community. Six Flags America opens for the 2023 season. Python Plunge opens at Six Flags White Water. They still have BAF discounted days. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). 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 . 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. 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. 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). Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005245/en/, Stephen Purtell 2022 Six Flags. Aquaman: Power Wave, which was previously announced as a Power Splash multi-launch water coaster by Mack Rides, will also debut next season. 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. 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. 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. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. 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. [1] Due to the COVID-19 pandemic, some rides planned to have opened in 2020 were delayed to 2022 or later. 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 . If you have the newer Annual passes like . About Six Flags Entertainment Corporation. 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. Six Flags Wiki is a FANDOM Lifestyle Community. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. 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. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. 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. 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. The village has given the park around $387,000 total in 2018, 2019 and 2021. Adjusted EBITDA was $226 million, a decrease of $53 million compared to third quarter 2021. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. Only eleven parks announced their plans for the 2022 season, with two of them remaining delayed or being cancelled. 2022 Six Flags. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. During the unprecedented last four months, at a time when uncertainty and . Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Several outdoor water parks are set to open in May with full hours starting in June. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. . We recommend the Diamond Pass for the best parking! Prices, operating schedule and park policies are subject to change without notice. Date. Get your first thrills of the season, March 19 and 20. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. 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 higher In-park spending reflects the companys in-park pricing initiatives. 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. Learn how your comment data is processed. April 7 - Six Flags New England opens for the 2023 season. Event highlights for the 2022/2023 seasons include: Date. No hidden fees.. March 19 & 20 It's never too soon to begin planning for more thrills in 2022! 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. No long-term contract. 5-min read. For more information, visit www.sixflags.com. I have the gold plus membership and saw I could do this but dont know how and which days they are. 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. The company partially offset the decrease in revenue with lower cash operating costs. 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. 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. About Six Flags Entertainment Corporation. does anyone know. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. 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. 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. 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. May May 7 Six Flags White Water re-opens for the 2022 season. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. The village has given the . Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - 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. 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. The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 . See copyright and trademarks. The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. 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. Document. 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. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. The decrease was primarily due to lower unit sales of season passes and memberships. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. Learn more about us here. Processing fees apply to online orders. This announcement was praised for being a "perfect fit" for the Arlington, TX park. Gurnee finance director Brian C. Gosnell said Thursday the village anticipates issuing $120,000 to the park as a result of the revenue it brought in during the 2022 season. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. 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. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. "We are always looking at potential new additions to the park and how/when they may best fit.". Rumors grew throughout the season that the ride would be delayed yet again. An investor conference call will follow beginning at 7:00 a.m. Central Time. Six Flags Great America guests ride Maxx Force in Gurnee. 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. Processing fees apply to online orders. Let us know in the comments section below! 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.

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