Six Flags Corporate Discussion Thread

P. 130 - Six Flags 2019 Announcements
Users viewing this topic: No registered users and 0 guests
Discuss theme parks, roller coasters, and mules!
I Guess Donkeys Are Okay
User avatar
 
Posts: 15
Joined: 28 Aug 2014
Gender: None specified

Re: Six Flags Corporate Discussion Thread

Postby Brad Bishop » Sat Aug 30, 2014 6:33 am

The only thing that sucks about the low prices on passes is that it makes the parks a lot busier. That's good for Six Flags but makes for a bad customer experience.

Disney seems to do well with balancing price and guests.

Six Flags seems to go with the: Make the passes cheap and then get them with food, drinks, and souvenirs.

Portugal needs more old-school B&M's!!!
User avatar
 
Posts: 6489
Joined: 18 Apr 2012
Location: Portugal
Gender: Male
Age: 22

Re: Six Flags Corporate Discussion Thread

Postby rcjp » Sat Aug 30, 2014 2:36 pm

Brad Bishop wrote:Six Flags seems to go with the: Make the passes cheap and then get them with food, drinks, and souvenirs.

And flash pass.
The Mr Freeze coasters should have speakers playing the sentence: "Let's kick some ice!" right before each launch

What does one say after riding a Batman clone?
The G force is strong with this one.

Open Up Happiness
User avatar
 
Posts: 8210
Joined: 21 Jan 2006
Location: Orlando, Florida
Gender: Male
Age: 27

Re: Six Flags Corporate Discussion Thread

Postby jedimaster1227 » Tue Oct 21, 2014 7:31 pm

http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-newsArticle&ID=1979998

Six Flags Entertainment Corporation (NYSE: SIX) announced today that its board of directors has approved an increase in the company's ongoing quarterly cash dividend from $0.47 per common share to $0.52 per common share. The fourth quarter 2014 dividend will be payable December 8, 2014 to shareholders of record as of November 25, 2014.

"The company's strong momentum has enabled us to raise our dividend by 11 percent, representing our fifth consecutive year of dividend increases," said Jim Reid-Anderson, Chairman, President and CEO. "We are highly focused on building shareholder value and believe an attractive, growing dividend is an excellent way to deliver consistent returns for our shareholders."


http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-newsArticle&ID=1979989

Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park company, today announced its third quarter 2014 revenue grew to a record high of $542 million, representing a $37 million or 7 percent increase over the same period in 2013. Third quarter Adjusted EBITDA2 of $291 million was an improvement of $23 million or 8 percent over prior year.

"We remain laser focused on delivering significant shareholder value through attendance gains, ticket yield management, and international expansion, all while further enhancing the quality of our guest experience," said Jim Reid-Anderson, Chairman, President, and CEO.

Total guest spending per capita grew $2.52 or 6 percent in the third quarter to $43.79, with admissions revenue per capita increasing $1.91 or 8 percent to $25.87 and in-park revenue per capita increasing $0.61 or 4 percent to $17.92. Attendance for the third quarter of 11.8 million guests was up slightly over prior year.

For the first nine months of 2014, the company reported revenue of $992 million, a $36 million or 4 percent increase over prior year, while Adjusted EBITDA for the same nine-month period totaled $393 million, a $25 million or 7 percent improvement over the prior year.

In the first nine months of 2014, total guest spending per capita grew $3.23 or 8 percent to $43.77, with admissions revenue per capita increasing $2.22 or 10 percent to $25.54 and in-park revenue per capita increasing $1.01 or 6 percent to $18.23.

Diluted earnings per share for the quarter and nine months ended September 30, 2014 were $1.08 and $1.13, respectively.

Income Before Income Taxes for both the third quarter and nine months included a $73 million stock-based compensation charge relating to the probable achievement by 2015 of Project 500, a long-term incentive compensation program established by the company in August 2011. Excluding the Project 500 stock-based compensation charge, diluted earnings per share for the quarter and nine months ended September 30, 2014 were $1.56, up 28 percent, and $1.60, up 54 percent, respectively.

For the twelve-months ended September 30, 2014, Adjusted EBITDA was $429 million and Modified EBITDA3 was $467 million. Modified EBITDA margin for the same twelve-month period grew to 40.7 percent—a new industry high.

The company's Active Pass Base, which includes season pass holders and guests in the company's membership program, increased 10 percent from September 30, 2013 to September 30, 2014.

Cash earnings per share1 for the twelve-month period ending September 30, 2014 was $2.51, an increase of $0.30 per share or 14 percent compared to the prior twelve-month period ending September 30, 2013.

During the first nine months of 2014 the company invested $95 million in new capital, paid dividends of $136 million, or $0.47 per common share per quarter, and repurchased $119 million or 3.1 million shares of its common stock. As of September 30, 2014, the company had $376 million available under the board's current share repurchase authorization.

Net Debt4 as of September 30, 2014 was $1,232 million, a 2.9 times net leverage ratio.

Long-Term Outlook
Six Flags today also announced a new long-term profit target, which is an aspirational goal of achieving $600 million of Modified EBITDA by calendar year 2017, equating to nearly $3.75 of cash earnings per share. During the twelve months ended September 30, 2014, the company generated $467 million of Modified EBITDA and $2.51 of cash earnings per share.

"Our new 2017 target of $600 million of Modified EBITDA allows us to invest appropriately in the business, continue paying a sustainable, growing dividend, and execute on our share repurchase program," said John Duffey, executive vice president and CFO.

Conference Call
The company will host a conference call at 4:00 p.m. Central Time today, Tuesday October 21, 2014 to discuss its third quarter 2014 financial performance. The call is accessible on the Six Flags Investor Relations website at www.sixflags.com/investors 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. A replay of the call will be available through October 29, 2014 by dialing (855) 859-2056 or +1(404) 537-3406, Conference ID 13139083.
Change the scheme, Alter the mood! Electrify the boys and girls if you would be so kind!

Image

A donkey is a domesticated member of the Equidae or horse family.
 
Posts: 691
Joined: 16 Jun 2014
Gender: Male

Re: Six Flags Corporate Discussion Thread

Postby coasterchitchat » Wed Oct 22, 2014 12:36 pm

Here's a interview from CNBC with Jim.

[youtube]https://www.youtube.com/watch?v=whKUKmeLxt8&feature=youtu.be[/youtube]

EDIT: Could someone try to get the link to work?
Vekoma is English means, "We don't have the budget for a B&M so let's just order a Vekoma."

This button makes my penis erect.
User avatar
 
Posts: 4330
Joined: 09 Apr 2010
Location: So Cali
Gender: Male
Age: 36

Re: Six Flags Corporate Discussion Thread

Postby DJeXeL » Wed Oct 22, 2014 12:45 pm

^Here you go:

- Insane In The Lift Chain -

"You shut your mouth when you talk to me"

A donkey is a domesticated member of the Equidae or horse family.
 
Posts: 691
Joined: 16 Jun 2014
Gender: Male

Re: Six Flags Corporate Discussion Thread

Postby coasterchitchat » Fri Feb 20, 2015 9:08 am

Jim Reid-Anderson talks about Q4 Results on CNBC's Mad Money.

Vekoma is English means, "We don't have the budget for a B&M so let's just order a Vekoma."

I'm a know-it-all about donkeys!
User avatar
 
Posts: 210
Joined: 14 Mar 2013
Location: Atlanta, GA
Gender: Male

Re: Six Flags Corporate Discussion Thread

Postby josephcissell » Sat Feb 21, 2015 12:26 pm

Here is the fourth quarter press release from http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-newsArticle&ID=2017930.

Revenue Grows 19 Percent and Adjusted EBITDA(1) Grows 30 Percent in Fourth Quarter 2014
GRAND PRAIRIE, Texas, Feb. 18, 2015 /PRNewswire/ -- Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park operator, today announced its fifth consecutive year of record financial performance as it posted a company-high $1.2 billion in revenue, an increase of $66 million or 6 percent over 2013. The company generated full-year 2014 Adjusted EBITDA1 of $439 million, also a new record that represented an increase of $35 million or 9 percent over 2013.

"I have never been more confident in our strategy and the long-term prospects for our company than I am today," said Jim Reid-Anderson, Chairman, President and CEO. "Guest satisfaction scores have reached another all-time high and employee morale is better than ever. We are extremely well-positioned as we enter the 2015 season with a 25 percent gain in our Active Pass Base, and we remain laser-focused on delivering our next long-term financial target of $600 million of Modified EBITDA by 2017."

Fourth quarter 2014 Adjusted EBITDA improved $11 million or 30 percent to a record $46 million, generated from a $29 million or 19 percent increase in revenue. The strong revenue growth was primarily driven by a 3 percent increase in guest spending and a 15 percent increase in attendance as the company expanded both its highly-popular Fright Fest® Halloween event and its family-favorite Holiday in the Park® event, including the introduction of Holiday in the Park events at two additional parks during the quarter.

Despite a higher mix of season pass visitation during the fourth quarter, total guest spending per capita increased $0.96 or 3 percent to $38.95, which included a 6 percent or $1.20 increase in admissions per capita and a 1 percent or $0.24 decline in in-park revenue per capita.

For the fourth quarter 2014, Cash Earnings Per Share was $0.25, up $0.10 or 67 percent over the same period in 2013.

Full year 2014 revenue grew 6 percent to $1.2 billion primarily due to a 7 percent increase in admissions revenue, a 3 percent increase in sales inside the parks, and fees related to the company's initiatives to expand its brand in growing international markets. Early in 2014, the company announced two partnerships to develop Six Flags-branded theme parks outside North America—one in the Middle East and another in China.

As a result of pricing initiatives and the introduction of new and enhanced offerings in the parks, total guest spending per capita in 2014 grew $2.79 or 7 percent over the prior year to $42.97. Admissions per capita for the year increased $1.99 or 9 percent to $25.02 while in-park spending per capita grew $0.80 or 5 percent to $17.95.

Full year Cash Earnings Per Share2 of $2.63 represented an increase of $0.18.

Modified EBITDA3 for the year was $477 million, an increase of $33 million or 7 percent, and Modified EBITDA margin improved to a new industry high of 40.6 percent. Return on Invested Capital increased to 15 percent in 2014, from 14 percent in 2013.

Diluted earnings per share for the quarter ended December 31, 2014 was a loss of $0.37 and diluted earnings per share for the year ended December 31, 2014 was $0.77. Income Before Income Taxes included $46 million and $119 million in stock-based compensation charges for the fourth quarter and full year 2014, respectively, relating to both the actual achievement in 2014 and probable achievement in 2015 of certain targets of Project 500—a long-term incentive compensation program established by the company's board in August 2011. Excluding the Project 500 stock-based compensation charge, diluted earnings per share for the quarter ended December 31, 2014 was a loss of $0.07 and diluted earnings per share for the year ended December 31, 2014 was $1.53, up 30 percent.

Total attendance for the year was 25.6 million guests, which represented a 2 percent decline that was primarily due to extended school calendars in the first half of 2014 relating to the harsh 2013/2014 winter. The company generated 4 percent attendance growth in the second half of 2014 and a 15 percent increase in attendance in the fourth quarter. The combined season pass and membership attendance mix increased from 48 percent in 2013 to 50 percent in 2014.

As a result of continued strength in sales, the company's Active Pass Base, which includes guests who either own a Season Pass or are in the company's Membership program, increased 25 percent from December 31, 2013 to December 31, 2014.

In 2014 the company invested $108 million, or 9 percent of revenue, in new capital projects. During the year it paid its shareholders $184 million in dividends, or $1.93 per share—a 6 percent increase over 2013. The company also repurchased $195 million of its stock in 2014 at an average price of $37.86. Since the company initiated its share repurchase plan in 2011, it has repurchased over $1 billion of its stock at an average price of $31.20 and reduced its outstanding share count by 17 percent. As of December 31, 2014, $299 million remained unutilized under the company's share repurchase program.

Net Debt4 as of December 31, 2014 was $1,322 million, which translates to a 3.0 times net leverage ratio.

Conference Call
At 8:00 a.m. Central Time tomorrow, February 19, 2015, the company will host a conference call to discuss its fourth quarter and full year 2014 financial performance. The call is accessible either through the Six Flags Investor Relations website at http://www.sixflags.com/investors 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. A replay of the call will be available by dialing 1-855-859-2056 or +1-404-537-3406 through February 26, 2015.


A few things of note to me:
-Based on recent additions to parks, it’s not too surprising to see that they only reinvested 9 percent of revenue into new capital projects. I think that speaks both to the level of uncertainty in the business world as a whole right now and just how gun shy Six Flags is from the highly capital intensive Premier days.
-Looking at the detailed numbers below this press release on the Six Flags site, you see that they managed to increase guest attendance by 15 percent in the fourth quarter but took a net loss doing so. That could be troublesome for Holiday in the Park, though I hope that is just attributable to additional first year costs incurred from adding HitP to two new parks for 2014.
-Not sure if I buy the reasoning that attendance was down 2 percent overall "primarily due to extended school calendars in the first half of 2014 relating to the harsh 2013/2014 winter” but things did look up in the second half of the year. So I guess we’ll see how attendance comes out in the first half of 2015.
-It kind of blows me away that their active season pass/membership base is now 50 percent. Reading between the lines, it makes sense to me that they have kept pass prices so low to encourage this high mix, as it adds year to year financial stability to the company. With that stable financial foundation and shareholders happy with the growth of the stock and solid dividends, that unties management’s hands to do things that don’t *immediately* impact the company’s bottom line, like improve service and operations. As service and operations improve, they earn the ability to charge more for season passes.
-Maybe I’m in the minority, but I see inklings of what *could* be solid corporate strategy here. Time will tell.

Obsessive Overlord of the TPR Park Index
 
Posts: 17737
Joined: 17 Aug 2005
Location: Staten Island, New York
Gender: Male
Age: 51

Re: Six Flags Corporate Discussion Thread

Postby larrygator » Sat Feb 21, 2015 2:29 pm

josephcissell wrote:It kind of blows me away that their active season pass/membership base is now 50 percent. Reading between the lines, it makes sense to me that they have kept pass prices so low to encourage this high mix, as it adds year to year financial stability to the company. With that stable financial foundation and shareholders happy with the growth of the stock and solid dividends, that unties management’s hands to do things that don’t *immediately* impact the company’s bottom line, like improve service and operations. As service and operations improve, they earn the ability to charge more for season passes.


I'm not sure how to read this.
Does this mean that 50% of total attendance is derived from season pass holders or 50% of total gate revenue comes from season pass buyers? Either way I would think upping the season passes a wee bit will add a lot to the bottom line.
As usual, my analysis is free of charge!
Original enough to not steal someone else's quote as a signature

Image
Image

I'm a know-it-all about donkeys!
User avatar
 
Posts: 210
Joined: 14 Mar 2013
Location: Atlanta, GA
Gender: Male

Re: Six Flags Corporate Discussion Thread

Postby josephcissell » Sun Feb 22, 2015 8:14 am

larrygator wrote:
josephcissell wrote:It kind of blows me away that their active season pass/membership base is now 50 percent. Reading between the lines, it makes sense to me that they have kept pass prices so low to encourage this high mix, as it adds year to year financial stability to the company. With that stable financial foundation and shareholders happy with the growth of the stock and solid dividends, that unties management’s hands to do things that don’t *immediately* impact the company’s bottom line, like improve service and operations. As service and operations improve, they earn the ability to charge more for season passes.


I'm not sure how to read this.
Does this mean that 50% of total attendance is derived from season pass holders or 50% of total gate revenue comes from season pass buyers? Either way I would think upping the season passes a wee bit will add a lot to the bottom line.


I am not an accountant, but I read that to mean that 50% of total attendance in 2014 was derived from season pass and membership holders. That’s why I argued that having such a huge pass holder attendance should allow management to focus more on service and operations improvements, which can then be monetized over time through higher pass prices.

The Pony Express can't find my teepee
User avatar
 
Posts: 4100
Joined: 18 Apr 2010
Location: I am Texas
Gender: None specified

Re: Six Flags Corporate Discussion Thread

Postby chadster » Wed Apr 22, 2015 6:02 pm

When you spend more than you earn, it can be problematic.

However they claim their losses are due to costs associated with stock. That's a huge cost.

Pass sales are up, but in park spending is down.

GRAND PRAIRIE
Six Flags Entertainment Corp. reported a $70.3 million loss for the first quarter Wednesday despite a 16 percent increase in revenue during what is typically the slowest time at its theme parks.

The loss, which equated to 75 cents a share, compares with a loss of $61.2 million, or 64 cents a share, a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share. In the quarter, the company paid $22.3 million in incentives to executives, up 320 percent from $5.3 million a year ago.

Jim Reid-Anderson, Six Flags’ president and CEO, told Wall Street analysts that the company is well-positioned to enter the busiest part of the amusement park season and that its parks have the best lineup of new rides in company history.

“We are truly rocking,” Reid-Anderson said. “We have seen in the first quarter a very positive response to our offerings.”

Revenue for the first three months of 2015 totaled $85.1 million, up 16 percent from $73.7 million in the first quarter of 2014. The increase was due primarily to higher sales of season and membership passes. The number of passes sold in the past year grew 53 percent, the company said.

Revenue from admissions was $40.5 million for the period ending March 31, compared with $34.7 million last year. Park attendance increased 13 percent to 1.6 million guests in the quarter, the company said. Most parks are not open in the first quarter.

The company operates Six Flags Over Texas and Hurricane Harbor in Arlington, among 18 parks in the U.S., Mexico and Canada. Six Flags Mexico represented a higher percentage of revenue in the first quarter, the company said.

Six Flags shares (ticker: SIX) closed up $1.37 at $49.97.

Read more here: http://www.star-telegram.com/news/business/article19219572.html#storylink=cpy



But wait, there is more!

GRAND PRAIRIE, Texas, April 22, 2015 /PRNewswire/ --

Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park company, today announced double-digit growth in its first-quarter key performance metrics with a 16 percent growth in revenue and a 13 percent improvement in Adjusted EBITDA1. In the quarter the company reported $85 million of revenue, which represented an $11 million or 16 percent increase over the same quarter in 2014, and also generated a $5 million or 13 percent improvement in Adjusted EBITDA. Since most of the parks are not open during the first quarter, Adjusted EBITDA was a loss of $38 million, which was the company's best ever first-quarter performance. Modified EBITDA3 for the twelve months ending March 31, 2015 was $483 million, an increase of $44 million or 10 percent compared to the twelve months ending March 31, 2014, and Modified EBITDA margin improved to a new industry high of 40.7 percent.

"Our 2015 season is off to an excellent start with record-high guest satisfaction scores, record-high profitability, and double-digit improvements in all key performance metrics, including a 53 percent growth in our Active Pass Base compared to the prior year period," said Jim Reid-Anderson, Chairman, President and CEO. "We remain intently focused on building shareholder value by delivering an unprecedented sixth year in a row of record financial performance in 2015, and working toward achieving our long-term financial target of $600 million of Modified EBITDA by 2017."

The strong revenue growth in the quarter was primarily driven by a 13 percent increase in attendance and a 3 percent increase in admissions per capita spending. Attendance in the first quarter grew to 1.6 million guests.

Total guest spending per capita for the first quarter was $43.82, which was essentially flat with the first quarter of 2014. Admissions per capita increased $0.83 or 3 percent to $25.84 and in-park spending per capita decreased $0.74 or 4 percent to $17.98. All of the revenue per capita comparisons to prior year were adversely impacted by foreign exchange translation and a higher mix of season pass and membership attendance, which puts downward pressure on revenue per capita. Six Flags Mexico represents a higher percentage of total company revenue in the first quarter and the Mexican Peso weakened versus the U.S. dollar by 13 percent from the first quarter of 2014. On a constant currency basis, in the first quarter admissions per capita increased $1.37 or 6 percent, and in-park spending per capita decreased $0.19 or 1 percent.

The loss per share for the first quarter was $0.75, compared to a loss per share of $0.64 in 2014, driven entirely by higher stock-based compensation expense. Loss before income taxes included $18 million in stock-based compensation charges in the first quarter of 2015 relating to both the actual achievement in 2014 and probable achievement in 2015 of certain targets of Project 500—a long-term incentive compensation program established by the company's board in August 2011.

Excluding the Project 500 stock-based compensation charge, the loss per share for the quarter ended March 31, 2015 was $0.62, an improvement of 3 percent compared to the quarter ended March 31, 2014.

Cash Earnings Per Share2 for the twelve months ending March 31, 2015 was $2.78, and represented an increase of $0.61 or 28 percent as compared to the same period in the prior year.

As a result of continued strong sales of season passes and memberships, the company's Active Pass Base, which includes all members and season pass holders, increased 53 percent from March 31, 2014 to March 31, 2015.

In the first quarter of 2015, the company invested $34 million in new capital, paid $49 million in dividends, or $0.52 per common share, and repurchased $8 million of its common stock. Net Debt4 as of March 31, 2015 was $1,458 million, which translates to a 3.3 times net leverage ratio.

PreviousNext

Return to Theme Parks, Roller Coasters, & Donkeys!

Who is online

Users viewing this topic: No registered users and 0 guests

These pages are in no way affiliated with nor endorsed by SeaWorld Parks & Entertainment, Cedar Fair, Legoland, Merlin Entertainment,
Blackstone, Tussaud's Group, Six Flags, Universal Theme Parks, the Walt Disney Company or any other theme park company.

All onride photos and videos on this website were taken with the permission of the park by a professional ride photographer.
For yours  and others safety, please do not attempt to take photos or videos at parks without proper permission.

Disclaimer!  You need a sense of humor to view our site, 
if you don't have a sense of humor, or are easily offended, please turn back now!
Most of the content on this forum is suitable for all ages. HOWEVER!
There may be some content that would be considered rated "PG-13."
Theme Park Review is NOT recommended for ages under 13 years of age.

cron