SIX · Six Flags Entertainment Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.29M | - | $547.46M | $443.71M | $142.19M | $504.83M | $435.42M | $138.11M | $638.28M | $459.79M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $42.52M | - | $57.95M | $90.45M | $44.25M | $38.23M | $53.57M | $39.33M | $64.36M | $50.20M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $29.50M | - | $27.94M | $27.54M | $29.11M | $30.18M | $27.53M | $29.05M | $28.05M | $28.05M |
| Operating Income | ($65.20M) | - | $208.03M | $145.22M | ($47.93M) | $176.81M | $92.43M | ($84.78M) | $224.67M | $120.66M |
| Interest Expense | - | - | $38.26M | $43.49M | $36.30M | $34.58M | $36.25M | $37.86M | $38.22M | $38.11M |
| Income Tax | ($23.23M) | - | $36.57M | $13.81M | ($17.85M) | $38.65M | $24.72M | ($19.11M) | $46.54M | $29.26M |
| Net Income | ($82.73M) | - | $110.70M | $20.55M | ($69.86M) | $115.83M | $45.39M | ($65.66M) | $157.24M | $70.52M |
| EPS - Basic | ($0.98) | - | $1.33 | $0.25 | ($0.84) | $1.39 | $0.53 | ($1.12) | $1.83 | $0.82 |
| EPS - Diluted | ($0.98) | - | $1.32 | $0.25 | ($0.84) | $1.39 | $0.53 | ($1.12) | $1.80 | $0.81 |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $60.70M | $77.58M | $66.76M | $51.58M | $64.75M | $73.31M | $74.80M | $252.20M | $389.86M | $252.89M |
| Accounts Receivable | $53.52M | $62.66M | $90.88M | $93.08M | $45.46M | $72.30M | $70.47M | $86.46M | $137.57M | $124.85M |
| Inventory | $39.19M | $31.62M | $38.30M | $43.17M | $41.02M | $48.49M | $47.53M | $39.16M | $29.00M | $36.04M |
| Accounts Payable | $44.54M | $27.23M | $46.12M | $54.17M | $43.51M | $47.81M | $67.92M | $65.65M | $60.66M | $65.53M |
| Current Assets | $255.69M | $252.77M | $270.17M | $272.64M | $234.87M | $271.44M | $262.80M | $433.28M | $622.14M | $479.87M |
| Total Assets | $2.74B | $2.71B | $2.72B | $2.71B | $2.66B | $2.70B | $2.71B | $2.88B | $3.05B | $2.93B |
| Current Liabilities | $705.55M | $587.52M | $550.29M | $615.09M | $513.66M | $484.24M | $639.88M | $444.26M | $522.32M | $595.23M |
| Long-term Debt | $2.13B | $2.13B | $2.13B | $2.18B | $2.28B | $2.28B | $2.28B | $2.63B | $2.63B | $2.63B |
| Total Liabilities | $3.20B | $3.09B | $3.05B | $3.16B | $3.15B | $3.13B | $3.25B | $3.40B | $3.51B | $3.55B |
| Stockholders' Equity | ($978.36M) | ($897.96M) | ($880.06M) | ($995.47M) | ($1.02B) | ($965.55M) | ($1.08B) | ($1.04B) | ($995.04M) | ($1.16B) |
| Retained Earnings | ($2.04B) | ($1.96B) | ($1.94B) | ($2.03B) | ($2.06B) | ($2.00B) | ($2.11B) | ($2.09B) | ($2.02B) | ($2.18B) |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($30.47M) | - | - | - | ($56.27M) | - | - | ($55.71M) | - | - |
| Investing Cash Flow | ($36.99M) | - | - | - | ($25.01M) | - | - | ($28.99M) | - | - |
| Financing Cash Flow | $49.62M | - | - | - | $68.68M | - | - | $81.0K | - | - |
| CapEx | $37.22M | - | - | - | $25.49M | - | - | $32.07M | - | - |
| Free Cash Flow | ($67.69M) | - | - | - | ($81.76M) | - | - | ($87.78M) | - | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -48.9% | - | 38.0% | 32.7% | -33.7% | 35.0% | 21.2% | -61.4% | 35.2% | 26.2% |
| EBITDA margin | -26.8% | - | 43.1% | 38.9% | -13.2% | 41.0% | 27.6% | -40.3% | 39.6% | 32.3% |
| Net margin | -62.1% | - | 20.2% | 4.6% | -49.1% | 22.9% | 10.4% | -47.5% | 24.6% | 15.3% |
| Free cash flow margin | -50.8% | - | - | - | -57.5% | - | - | -63.6% | - | - |
| FCF / Net income | 0.82 | - | - | - | 1.17 | - | - | 1.34 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 31.9% | - | 10.6% | 20.4% | 31.1% | 7.6% | 12.3% | 28.5% | 10.1% | 10.9% |
| Effective tax rate | - | - | 24.8% | 40.2% | - | 25.0% | 35.3% | - | 22.8% | 29.3% |
| Return on assets | -3.0% | - | 4.1% | 0.8% | -2.6% | 4.3% | 1.7% | -2.3% | 5.1% | 2.4% |
| Return on equity | 8.5% | - | -12.6% | -2.1% | 6.9% | -12.0% | -4.2% | 6.3% | -15.8% | -6.1% |
| Return on invested capital | -4.5% | - | 12.5% | 7.3% | -3.0% | 10.1% | 5.0% | -4.2% | 10.6% | 5.8% |
| Liquidity | ||||||||||
| Current ratio | 0.36 | 0.43 | 0.49 | 0.44 | 0.46 | 0.56 | 0.41 | 0.98 | 1.19 | 0.81 |
| Quick ratio | 0.31 | 0.38 | 0.42 | 0.37 | 0.38 | 0.46 | 0.34 | 0.89 | 1.14 | 0.75 |
| Cash ratio | 0.09 | 0.13 | 0.12 | 0.08 | 0.13 | 0.15 | 0.12 | 0.57 | 0.75 | 0.42 |
| Leverage | ||||||||||
| Debt / Equity | -2.18 | -2.37 | -2.42 | -2.19 | -2.24 | -2.36 | -2.11 | -2.54 | -2.64 | -2.26 |
| Debt / Assets | 0.78 | 0.79 | 0.78 | 0.80 | 0.86 | 0.84 | 0.84 | 0.91 | 0.86 | 0.90 |
| Debt / EBITDA | - | - | 9.02 | 12.64 | - | 11.01 | 18.99 | - | 10.40 | 17.66 |
| Interest coverage | - | - | 5.4x | 3.3x | -1.3x | 5.1x | 2.5x | -2.2x | 5.9x | 3.2x |
| Equity multiplier | -2.80 | -3.02 | -3.09 | -2.73 | -2.61 | -2.80 | -2.51 | -2.78 | -3.07 | -2.52 |
| Liabilities / Assets | 1.17 | 1.14 | 1.12 | 1.17 | 1.19 | 1.16 | 1.20 | 1.18 | 1.15 | 1.21 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.20 | 0.16 | 0.05 | 0.19 | 0.16 | 0.05 | 0.21 | 0.16 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 147d | - | 61d | 77d | 117d | 52d | 59d | 229d | 79d | 99d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.3% | - | 8.4% | 1.9% | 3.0% | -20.9% | -5.3% | 68.4% | 405.3% | 2301.9% |
| Revenue CAGR (3y) | 17.6% | - | 63.0% | 185.1% | 11.5% | -6.7% | -3.0% | 2.5% | 1.0% | 1.1% |
| Revenue CAGR (5y) | 0.8% | - | -2.5% | -0.1% | 2.0% | -2.8% | 0.6% | 6.8% | 2.7% | 2.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -36.0% | - | 17.7% | 57.1% | 43.5% | -21.3% | -23.4% | 33.6% | - | - |
| Net income growth (YoY) | -18.4% | - | -4.4% | -54.7% | -6.4% | -26.3% | -35.6% | 31.5% | - | - |
| EPS growth (YoY) | -16.7% | - | -5.0% | -52.8% | 25.0% | -22.8% | -34.6% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | -13.0% | -17.4% | - | -5.9% | -2.7% |
| EPS CAGR (5y) | - | - | -9.4% | -22.3% | - | -8.0% | -2.1% | - | 10.6% | 4.8% |
| FCF growth (YoY) | 17.2% | - | - | - | 6.9% | - | - | 15.2% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.8% | - | 8.9% | 7.9% | 2.0% | 3.0% | 6.8% | 16.1% | 7.6% | -19.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$1.43B totalPark Admissions$743.66M · 52.2%
Park Food Merchandise And Other$614.04M · 43.1%
Sponsorship International Agreements And Accommodations$68.21M · 4.8%
Geographic
$1.43B totalDomestic$1.27B · 88.8%
Non Us$159.69M · 11.2%
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing Six Flags Entertainment Corp against the 5 most active filers in the same SIC group.