six flags 2022 announcements

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. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. Several outdoor water parks are set to open in May with full hours starting in June. About Six Flags Entertainment Corporation. Six Flags Over Texas will make over one of its classic dark rides for 2022. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. 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. 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. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 from 11 a.m. to 7 p.m. on weekends and 11 a.m. to 6 p.m. on weekdays. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005245/en/, Stephen Purtell March 19 & 20 It's never too soon to begin planning for more thrills in 2022! Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. Python Plunge opens at Six Flags White Water. This is unofficial, I just. Six Flags Is About To Open Some Of The Biggest Coasters In The World! Last year, the section of the park once known as Yankee Harbor -- decorated in the style of coastal New England upon the park's creation in 1976 -- got a superhero makeover and called DC Universe. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? Hurricane Harbor at Six Flags New England re-opens for the 2022 season. Document. 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. 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 . The main announcement: Pirates of Speelunker Cave, isa re-imagined boat-like ride that will place guests squarely in the middle of a pirate treasure hunt thwarted by resident Speelunkers. This will open in early 2022. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. Its compact layout will occupy a space of 79 feet by 162 feet and will have a height requirement of 36 inches. 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. 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. We recommend the Diamond Pass for the best parking! Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. No hidden fees.. Adjusted EBITDA was $226 million, a decrease of $53 million compared to third quarter 2021. 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. Let us know in the comments section below! Paddock Publications, Inc. is an Employee-Owned Company. 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. With over 20 brews on tap, popular North Texas brewery to open in Cleburne this summer, Viva Mxico! The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. 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. 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. Event highlights for the 2022/2023 seasons include: 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. The park's 2023 season opens Saturday. SIX FLAGS and all related indicia are trademarks of Six Flags Theme parks, Inc.TM; 2022. Six Flags Magic Mountain Update - June 27, 2021 (2022 Coaster, Traffic Issues, etc) Park Journey 1 year ago It's cable reimagined No DVR space limits. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. 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. 2022 Six Flags. Learn more about us here. The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 . April 30 Six Flags Hurricane Harbor Splashtown re-opens for the 2022 season. For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. All rights reserved. Join us for Opening Weekend, March 19 & 20. 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. All rights reserved. Three existing rides were adapted to the new theme. Park officials also announced new special events and festivals. 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. See copyright and trademarks. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. 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. Your email address will not be published. Corporate Communications, Investor Relations and Treasurer 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Manage all your favorite fandoms in one place! Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. Real-time updates and all local stories you want right in the palm of your hand. The higher In-park spending reflects the companys in-park pricing initiatives and positive consumer spending trends. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. 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 Entertainment Corporation (NYSE: SIX), the worlds largest regional theme park company and the largest operator of waterparks in North America, today reported first quarter 2022 financial results. 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. During the second quarter 2021, the company received $11.3 million related to one of its terminated international development agreements in China. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. 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. investors@sftp.com, Source: Six Flags Entertainment Corporation. 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. +1-972-595-5180 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. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. No long-term contract. 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. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. 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. Six Flags America opens for the 2023 season. March 4 - Six Flags Over Georgia 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. During the unprecedented last four months, at a time when uncertainty and . These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. All rights reserved. Summer is around the corner and area water parks are already preparing for the 2023 season. Six Flags Great America guests ride Maxx Force in Gurnee. Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. The parks will be open from noon to 5 p.m. on May 6 and 7 for season pass holders only. 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. Returning guest favorites and new offerings create endless opportunities for fun all year long. and our Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. The company partially offset the decrease in revenue with lower cash operating costs. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Fright Fest and Holiday in the Park are registered trademarks of . Jul 28, 2021. 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. 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. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. 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. 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. Since most of the parks are not scheduled to be open during the first quarter, the company had a net loss of $66 million in first quarter 2022. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. (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. As a result, these non-GAAP financial measures as presented may not be directly comparable to a similarly titled non-GAAP financial measure presented by another company. Six Flags Entertainment Corporation is the worlds largest regional theme park company with 27 parks across the United States, Mexico and Canada. Ive been trying to figure out which days I can bring a friend for free in my portal. Date. Admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, to enter our parks. 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. Document. "We are always looking at potential new additions to the park and how/when they may best fit.". These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Learn more about our park safety protocols and procedures such as new cashless payments. The higher In-park spending reflects the companys in-park pricing initiatives. 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. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. 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. 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. Adjusted EBITDA was a loss of $16 million, an improvement of $30 million compared to first quarter 2021, reflecting higher revenue and improved margins. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. 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. 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. 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. Six Flags Entertainment Corporation (NYSE: SIX), the worlds largest regional theme park company and the largest operator of waterparks in North America, today reported third quarter 2022 financial results. 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. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. 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. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. 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. . 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. For more information, please see our Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. 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. Rumors grew throughout the season that the ride would be delayed yet again. Date. Do you know what to do if you come across one? An investor conference call will follow beginning at 7:00 a.m. Central Time. As a result, these non-GAAP financial measures as presented may not be directly comparable to a similarly titled non-GAAP financial measure presented by another company. does anyone know. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. April 1 Six Flags Great Adventure opens for the 2023 season. Karie Angell Luc/for the Daily Herald, 2021. Title. 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. Texans celebrate Cinco because a Texan led Mexicos victory. April 9 Six Flags New England re-opens for the 2022 season. April 15 Six Flags Great America re-opens for the 2022 season. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Visitors to Six Flags Great America will see improvements in comfort and fan experience at the Gurnee amusement park when it opens for the 2023 season Saturday, officials said. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. 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. 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. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry.
Newport Beach Police Activity Today, Samsung Galaxy S21 Ultra Unlocked Ebay, Does Vitron C Cause Weight Gain, Queuing Theory In Healthcare Ppt, Ranking My Favourite Afl Teams, Articles S