In addition, due to the adoption of a fiscal reporting calendar commencing January 1, 2021, there were three fewer days in the first nine months 2022 compared to the first nine months 2021, which accounted for 89 thousand additional guests in the first nine months 2021. Comparable periods are January 1 through October 3, 2021, compared to January 3 through October 2, 2022, resulting in three additional days in 2021. Document. 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. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. 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. 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 park will extend its weekday hours to close at 7 p.m. in mid June. We offer lots of group ticket packages, to match every event size and activity. 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. Six Flags Q4 2022 and 2022 Year End Report Results City of Frisco Votes To Go Ahead With Universal Studios Texas Park Plans . Learn how your comment data is processed. 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. The decrease was primarily due to lower unit sales of season passes and memberships. Title. For 61 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Let us know in the comments section below! These risks and uncertainties include, among others, factors impacting attendance, such as local conditions, natural disasters, contagious diseases, including COVID-19 and Monkeypox, 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 or other health emergencies such as Monkeypox, including with respect to business operations, safety protocols and public gatherings; economic impact of political instability and conflicts globally, including the war in Ukraine; 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; the increased cost of capital due to raising interest rates; macro-economic conditions (including supply chain issues and the impact of inflation on 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). Six Flags only accepts card payments. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other 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. 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. 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. 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. April 1 Six Flags Great Adventure opens for the 2023 season. Average Retirement Savings By Age: Are You Normal? Event highlights for the 2022/2023 seasons include: These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. . (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. 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. Six Flags Over Georgia announces impressive event lineup for the 2023 season with exciting, new festivals and the return of guest-favorites. 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 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. Total guest spending per capita is calculated by dividing the sum of Park admissions revenue and Park food merchandise and other revenue by total attendance. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. Document. 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. Python Plunge opens at Six Flags White Water. 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. 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. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. Aquaman: Power Wave, which was previously announced as a Power Splash multi-launch water coaster by Mack Rides, will also debut next season. Earlier this year, Six Flags Fiesta Texas welcomed a groundbreaking roller coaster, Dr. Diabolical's Cliffhanger, making 2023 the second . 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up Date. 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. 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. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. 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. We have finally returned to Six Flags Over Georgia, and quite a bit has changed! By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. 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. 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. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Dr. Diabolical's Cliffhanger at Six Flags Fiesta Texas, Wonder Woman: Flight of Courage at Six Flags Magic Mountain. Real-time updates and all local stories you want right in the palm of your hand. Privacy Policy. 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)? 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. Maxx Force debuted in July 2019 and remains the park's newest roller coaster.
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