Is Six Flags in debt?

Is Six Flags in debt? Balance Sheet and Capital Allocation As of January 1, 2023, the company had total reported debt of $2,381 million , and cash or cash equivalents of $80 million .

Why is Six Flags so famous?

Throngs flocked to Six Flags Over Texas when the park opened in 1961. Six themed sections, modeled after the culture of the six countries whose flags flew over Texas during the state's colorful history, created a spectacular and magical setting for guests — and provided the park's name.

What is Six Flags debt ratio?

Six Flags Entertainment Debt to Equity Ratio: -2.363 for June 30, 2023.

Which Six Flags is the biggest?

In 2012, Six Flags combined its 160-acre (65 ha) Great Adventure with its 350-acre (140 ha) Wild Safari animal park to form Six Flags Great Adventure & Safari park. At 510 acres (210 ha), it is the second-largest theme park in the world following Disney's Animal Kingdom.

Is Six Flags making money?

Six Flags's revenue is $1.4 billion. Zippia's data science team found the following key financial metrics about Six Flags after extensive research and analysis. Six Flags annual revenue for 2022 was 1.4B, -9.26% growth from 2021. Six Flags annual revenue for 2021 was 1.5B, 319.8% growth from 2020.

Is Six Flags declining?

Six Flags Entertainment Company has reported its financial results for the fourth quarter of 2022 and the full year, revealing a decline in revenue due to lower attendance. For the fourth quarter of last year, Six Flags reported revenue of $280 million, net income of $13m, and record adjusted EBITDA of $99m.

Why did Six Flags almost go out of business?

Six Flags became only the latest company to prove unable to cope with its debt load at a time when previous solutions like refinancings are largely unavailable. The theme park operator, which had $2.4 billion in debt, faced nearly $300 million in payments to preferred stockholders due in August.

How much did Six Flags payout lawsuit?

Six Flags Great America agrees to $36M settlement over use of finger-scan entry gates. Six Flags Great America has agreed to a $36 million settlement to end a class-action lawsuit over the amusement park's use of finger-scan entry gates.

Why is Six Flags in debt?

Six Flags has historically relied on debt financing to invest in capital projects like new rides at its properties, and the cash flow constraints during the pandemic made its leverage more severe.

Who is Six Flags biggest competitor?

The main competitors of Six Flags Entertainment include Cedar Fair (FUN), Super Group (SGHC), Madison Square Garden Entertainment (MSGE), Rush Street Interactive (RSI), SeaWorld Entertainment (SEAS), Golden Entertainment (GDEN), Xponential Fitness (XPOF), Madison Square Garden Sports (MSGS), International Game ...

How to get banned from 6 flags?

What is the most expensive Six Flags?

Image: Six FlagsSix Flags Magic Mountain “wins” the title of most expensive Six Flags property. The Valencia theme park is still only the third most expensive in the greater Los Angeles area, though.

Is Six Flags ethical?

Conducting Ethical Business Throughout our more than 60-year history, Six Flags has been committed to conducting business in a responsible, honest, and ethical manner.

Is Six Flags losing popularity?

But, these numbers are all positive, so why is Six Flags losing money? It's because attendance is dropping faster than revenue is rising. In 2021, Six Flags' total attendance was 27.7 million, but that fell by 26% to 20.4 million. Sure, guests are starting to spend more, but it's not enough to make up for the decline.

Why is Six Flags getting sued?

Six Flags sued by California man after fire on Mr. Freeze ride traps riders in their seats. In April 2022, seven people were treated after an electrical malfunction caused smoke inside the Mr.

Is Six Flags losing business?

The company had a net loss of $70 million in first quarter 2023, compared to a net loss of $66 million in first quarter 2022. The loss per share was $0.84 compared to a loss per share of $0.76 in first quarter 2022, driven by higher operating costs partially offset by an increase in revenue.

Why is Six Flags struggling?

Six Flags reported a stunning 26% drop in attendance last year when compared to 2021, which is amazing when you remember that several of its parks, including Six Flags Magic Mountain, were closed for part of that year. Lower attendance drove continuing declines in revenue, income and earnings for Six Flags last year.

Was Six Flags sued?

In Rosenbach v. Six Flags Entertainment Corporation, the Plaintiff – the mother of a fourteen-year-old boy – sued Six Flags Entertainment Corporation under the Illinois Biometric Privacy Act (BIPA).