Six Flags Entertainment CorporationNEW
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
FUN$10.16-5.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net (loss) income | $(206,665) | $124,559 | $307,668 |
| Adjustments to reconcile net (loss) income to net cash from operating activities: | |||
| Depreciation and amortization | 318,113 | 157,995 | 153,274 |
| Loss on early debt extinguishment | 7,974 | — | 1,810 |
| Loss on impairment of goodwill | 42,462 | — | — |
| Non-cash foreign currency loss (gain) on USD notes | 23,596 | (5,963) | 23,274 |
| Non-cash equity-based compensation expense | 63,608 | 22,611 | 20,589 |
| Deferred income tax expense (benefit) | 180,925 | (6,757) | 4,385 |
| Net effect of swaps | — | — | (25,641) |
| Gain on sale of land before cash closing costs | — | — | (159,405) |
| Other non-cash expenses | 47,606 | 22,828 | 16,917 |
| Change in operating assets and liabilities: | |||
| (Increase) decrease in receivables | (70) | (8,446) | (9,117) |
| (Increase) decrease in inventories | 9,595 | 1,281 | (13,400) |
| (Increase) decrease in other assets | 10,738 | 12,858 | 5,595 |
| Increase (decrease) in accounts payable | (30,714) | (15,079) | (8,721) |
| Increase (decrease) in deferred revenue | (89,391) | 18,587 | (23,677) |
| Increase (decrease) in accrued interest | (1,690) | 414 | 162 |
| Increase (decrease) in accrued taxes | (22,018) | 9,638 | 110,511 |
| Increase (decrease) in accrued salaries, wages and benefits | (5,361) | (15,993) | (274) |
| Increase (decrease) in self-insurance reserves | 16,421 | 2,985 | 3,291 |
| Increase (decrease) in other liabilities | 8,283 | 4,157 | 431 |
| Net cash from operating activities | 373,412 | 325,675 | 407,672 |
| CASH FLOWS (FOR) FROM INVESTING ACTIVITIES | |||
| Capital expenditures | (320,819) | (220,422) | (183,352) |
| Acquisitions, net of cash acquired | (151,797) | — | — |
| Proceeds from sale of land | — | — | 310,000 |
| Net cash (for) from investing activities | (472,616) | (220,422) | 126,648 |
| CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | |||
| Net borrowings on revolving credit loans | 315,000 | — | — |
| Term debt borrowings | 1,000,000 | — | — |
| Term debt payments | (5,000) | — | (264,250) |
| Note payments | (1,056,867) | — | — |
| Repurchase of limited partnership units | — | (77,272) | (184,646) |
| Distributions paid to partners | (30,764) | (61,106) | (33,455) |
| Payment of debt issuance costs | (42,480) | (2,643) | — |
| Payments related to tax withholding for equity compensation | (7,304) | (2,865) | (5,137) |
| Distributions to non-controlling interests | (48,997) | — | — |
| Other | (5,615) | 885 | (2,064) |
| Net cash from (for) financing activities | 117,973 | (143,001) | (489,552) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (1,083) | 2,047 | (4,698) |
| Net increase (decrease) for the year | 17,686 | (35,701) | 40,070 |
| Balance, beginning of year | 65,488 | 101,189 | 61,119 |
| Balance, end of year | $83,174 | $65,488 | $101,189 |
| SUPPLEMENTAL INFORMATION | |||
| Cash payments for interest | $247,341 | $135,714 | $137,694 |
| Interest capitalized | 5,382 | 4,296 | 2,825 |
| Cash payments for income taxes, net of refunds | 65,058 | 44,976 | (47,248) |
| Capital expenditures in accounts payable | 28,981 | 13,438 | 14,542 |
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