Six Flags Entertainment Corporation/NEW

For the period ended Jun 28, 2026. Filed Aug 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 28, 2026 · Filed Aug 6, 2026

FUN$10.16-5.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Financial Statements

UNAUDITED CONSOLIDATED BALANCE SHEETS

	June 28, 2026	December 31, 2025	June 29, 2025
ASSETS
Current assets:
Cash and cash equivalents	$134,528	$91,134	$107,386
Receivables	168,769	160,283	177,721
Litigation recoveries	4,738	48,900	40,000
Income tax receivables	42,908	54,360	13,656
Escrow receivables	41,199	—	—
Inventories	80,133	68,537	99,142
Other current assets	77,957	49,654	75,430
	550,232	472,868	513,335
Property and equipment, gross	6,833,719	7,350,144	7,235,644
Accumulated depreciation	(2,895,713)	(3,055,385)	(2,831,658)
Property and equipment, net	3,938,006	4,294,759	4,403,986
Goodwill	2,078,352	2,071,680	3,399,090
Other intangibles, net	683,342	722,493	898,393
Right-of-use assets	162,735	214,986	221,540
Other assets	22,586	22,416	16,571
	$7,435,253	$7,799,202	$9,452,915
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$15,038	$15,038	$15,038
Accounts payable	173,233	74,181	160,935
Deferred revenue	416,062	293,061	453,446
Accrued interest	79,738	47,413	52,224
Accrued taxes	36,896	35,668	43,301
Accrued salaries, wages and benefits	69,475	45,807	73,609
Self-insurance reserves	45,519	51,335	37,992
Litigation reserves	12,506	55,465	66,850
Current NCI call option liability	350,674	—	—
Other accrued liabilities	111,667	67,150	88,590
	1,310,808	685,118	991,985
Deferred tax liabilities	488,695	488,713	494,399
Lease liabilities	170,292	219,290	229,222
NCI call option liability	—	323,902	306,764
Non-current deferred revenue	15,079	17,705	7,565
Non-current self-insurance reserves	95,796	99,555	92,878
Other liabilities	28,271	14,043	34,861
Long-term debt:
Revolving credit loans	78,428	258,386	356,650
Term debt	1,443,727	1,445,809	1,455,837
Notes	3,449,779	3,461,877	3,460,656
	4,971,934	5,166,072	5,273,143
Commitments and contingencies (Note 1)
Redeemable non-controlling interests	239,651	235,047	247,297
Equity:
Common stock, $0.01 par value; 400,000 shares authorized; 107,746 shares issued and 102,313 shares outstanding as of June 28, 2026 (107,128 and 101,696 shares as of December 31, 2025 and 106,687 and 101,254 shares as of June 29, 2025, respectively)	1,023	1,017	1,013
Additional paid-in-capital	2,260,180	2,245,553	2,214,168
Accumulated deficit	(2,234,589)	(1,763,369)	(483,637)
Accumulated other comprehensive income	88,113	66,556	43,257
	114,727	549,757	1,774,801
	$7,435,253	$7,799,202	$9,452,915

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except per share amounts)

	Three months ended		Six months ended
	June 28, 2026	June 29, 2025	June 28, 2026	June 29, 2025
Net revenues:
Admissions	$441,264	$485,424	$554,764	$592,185
Food, merchandise and games	303,185	323,155	381,449	389,003
Accommodations, extra-charge products and other	120,470	121,811	154,333	151,259
	864,919	930,390	1,090,546	1,132,447
Costs and expenses:
Cost of food, merchandise, and games revenues	75,273	80,822	96,560	102,423
Operating expenses	438,776	500,121	705,669	799,600
Selling, general and administrative	130,736	129,822	204,031	220,607
Depreciation and amortization	107,775	134,628	215,124	236,958
Loss on retirement of fixed assets, net	13,888	10,518	16,323	18,616
Loss on impairment of goodwill and other intangibles	—	—	38,640	—
Loss on disposal group	9,867	—	37,838	—
Loss on other assets	—	—	—	791
	776,315	855,911	1,314,185	1,378,995
Operating income (loss)	88,604	74,479	(223,639)	(246,548)
Interest expense, net	102,052	92,409	196,980	179,444
Loss on early debt extinguishment	—	—	4,053	—
Other expense (income), net	6,678	(19,381)	12,417	(20,965)
(Loss) income before taxes	(20,126)	1,451	(437,089)	(405,027)
Provision (benefit) for taxes	157,410	76,283	9,047	(110,477)
Net loss	(177,536)	(74,832)	(446,136)	(294,550)
Net income attributable to non-controlling interests	25,084	24,816	25,084	24,816
Net loss attributable to Six Flags Entertainment Corporation	$(202,620)	$(99,648)	$(471,220)	$(319,366)
Net loss	$(177,536)	$(74,832)	$(446,136)	$(294,550)
Other comprehensive income, (net of tax):
Foreign currency translation	23,225	36,090	21,557	45,128
Defined benefit retirement plan	—	233	—	409
Other comprehensive income, (net of tax)	23,225	36,323	21,557	45,537
Comprehensive loss	(154,311)	(38,509)	(424,579)	(249,013)
Comprehensive income attributable to non-controlling interests	25,084	24,816	25,084	24,816
Comprehensive loss attributable to Six Flags Entertainment Corporation	$(179,395)	$(63,325)	$(449,663)	$(273,829)
Weighted average shares of common stock outstanding (See Note 10)
Basic	101,731	100,652	101,610	100,376
Diluted	101,731	100,652	101,610	100,376
Loss attributable to Six Flags Entertainment Corporation per share of common stock outstanding (See Note 10)
Basic	$(1.99)	$(0.99)	$(4.64)	$(3.18)
Diluted	$(1.99)	$(0.99)	$(4.64)	$(3.18)

UNAUDITED CONSOLIDATED STATEMENTS OF EQUITY

For the three months ended	Shares of Common Stock Outstanding	Common Stock	Additional Paid-in-Capital	Retained Deficit	Accumulated Other Comprehensive Income (Loss)	Total Equity
Balance as of March 30, 2025	101,074	$1,010	$2,209,825	$(383,989)	$6,934	$1,833,780
Net loss attributable to Six Flags Entertainment Corporation	—	—	—	(99,648)	—	(99,648)
Equity-based compensation	180	3	4,343	—	—	4,346
Foreign currency translation adjustment	—	—	—	—	36,090	36,090
Defined benefit retirement plan	—	—	—	—	233	233
Balance as of June 29, 2025	101,254	$1,013	$2,214,168	$(483,637)	$43,257	$1,774,801
Balance as of March 29, 2026	101,988	$1,017	$2,245,290	$(2,031,969)	$64,888	$279,226
Net loss attributable to Six Flags Entertainment Corporation	—	—	—	(202,620)	—	(202,620)
Equity-based compensation	325	6	14,890	—	—	14,896
Foreign currency translation adjustment	—	—	—	—	23,225	23,225
Balance as of June 28, 2026	102,313	$1,023	$2,260,180	$(2,234,589)	$88,113	$114,727

For the six months ended	Shares of Common Stock Outstanding	Common Stock	Additional Paid-in-Capital	Retained Deficit	Accumulated Other Comprehensive Income (Loss)	Total Equity
Balance as of December 31, 2024	100,350	$1,004	$2,207,410	$(164,271)	$(2,280)	$2,041,863
Net loss attributable to Six Flags Entertainment Corporation	—	—	—	(319,366)	—	(319,366)
Equity-based compensation	904	9	6,758	—	—	6,767
Foreign currency translation adjustment	—	—	—	—	45,128	45,128
Defined benefit retirement plan, net of tax $(58)	—	—	—	—	409	409
Balance as of June 29, 2025	101,254	$1,013	$2,214,168	$(483,637)	$43,257	$1,774,801
Balance as of December 31, 2025	101,696	$1,017	$2,245,553	$(1,763,369)	$66,556	$549,757
Net loss attributable to Six Flags Entertainment Corporation	—	—	—	(471,220)	—	(471,220)
Equity-based compensation	617	6	14,627	—	—	14,633
Foreign currency translation adjustment	—	—	—	—	21,557	21,557
Balance as of June 28, 2026	102,313	$1,023	$2,260,180	$(2,234,589)	$88,113	$114,727

The accompanying Notes to Unaudited Consolidated Financial Statements are an integral part of this statement.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six months ended
	June 28, 2026	June 29, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$(446,136)	$(294,550)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	215,124	236,958
Loss on early debt extinguishment	4,053	—
Loss on impairment of goodwill and other intangibles	38,640	—
Non-cash loss on disposal group	17,838	—
Non-cash foreign currency loss (gain) on USD notes	12,940	(17,472)
Non-cash equity based compensation expense	23,363	26,011
Deferred income tax benefit	(1,738)	(124,323)
Interest accretion on NCI call option liability	26,772	17,633
Other non-cash expenses	13,713	8,669
Changes in assets and liabilities:
(Increase) decrease in receivables	33,142	(55,372)
(Increase) decrease in inventories	(18,868)	(29,342)
(Increase) decrease in other assets	(31,066)	(13,675)
Increase (decrease) in accounts payable	76,327	54,659
Increase (decrease) in deferred revenue	142,993	150,464
Increase (decrease) in accrued interest	32,356	(2,165)
Increase (decrease) in accrued taxes	15,650	10,216
Increase (decrease) in accrued salaries, wages and benefits	21,823	22,061
Increase (decrease) in other liabilities	(24,231)	19,172
Net cash from operating activities	152,695	8,944
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Capital expenditures	(149,488)	(308,079)
Proceeds from sale of parks	257,886	—
Net cash from (for) investing activities	108,398	(308,079)
CASH FLOWS (FOR) FROM FINANCING ACTIVITIES
Net borrowings on revolving credit loans	(182,000)	57,134
Term debt borrowings	—	500,000
Note borrowings	1,000,000	—
Term debt payments	(3,740)	(2,500)
Note payments	(1,000,000)	(200,000)
Payment of debt issuance costs	(17,567)	(3,852)
Payments related to tax withholding for equity compensation	(7,129)	(19,312)
Purchase of redeemable non-controlling interests	(7,578)	(7,794)
Other	—	66
Net cash (for) from financing activities	(218,014)	323,742
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	315	(395)
CASH AND CASH EQUIVALENTS
Net increase for the period	43,394	24,212
Balance, beginning of period	91,134	83,174
Balance, end of period	$134,528	$107,386
SUPPLEMENTAL INFORMATION
Cash payments for interest	$140,733	$159,888
Interest capitalized	4,912	6,456
Net cash payments for income taxes	4,456	11,052
Capital expenditures in accounts payable	41,121	33,874

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.