and our 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. 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. 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. March 4 - Six Flags Over Georgia opens for the 2023 season. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. SFMM: 2022-01-01 - Six Flags Six Flags Magic Mountain 2022 Attraction Announcement Breakdown These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. To celebrate its 60 th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. 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. Six Flags Magic Mountain Announces RMC Raptor for 2022 - Theme Park Insider Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. 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). 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. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. Date. 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. Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. Required fields are marked *. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. Six Flags: Transformation Plan To A Quicker Recovery (NYSE:SIX) 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. Paul Valade | Staff Photographer, 2022. Six Flags For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. and our These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Let us know in the comments section below! Date. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell 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. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. 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. Now you have to enroll into the rewards program and collect points through purchasing items at your park, visiting and so on. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. 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). The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. 2022 Six Flags. March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. bring a friend for free dates for 2022 : r/sixflags - Reddit 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. 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.