Six Flags Entertainment Corporation/NEW
For the period ended Sep 27, 2026. Filed Nov 5, 2026.
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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.
Sep 27, 2026 · Filed Nov 5, 2026
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 1. Financial Statements
UNAUDITED CONSOLIDATED BALANCE SHEETS
| September 27, 2026 | December 31, 2025 | September 28, 2025 | |
|---|---|---|---|
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $267,858 | $91,134 | $70,683 |
| Receivables | 141,154 | 160,283 | 195,614 |
| Litigation recoveries | 10,125 | 48,900 | 56,250 |
| Income tax receivables | 260 | 54,360 | 39,459 |
| Escrow receivables | 38,425 | — | — |
| Inventories | 71,449 | 68,537 | 84,921 |
| Other current assets | 59,218 | 49,654 | 53,692 |
| 588,489 | 472,868 | 500,619 | |
| Property and equipment, gross | 6,891,955 | 7,350,144 | 7,318,003 |
| Accumulated depreciation | (2,993,459) | (3,055,385) | (2,953,376) |
| Property and equipment, net | 3,898,496 | 4,294,759 | 4,364,627 |
| Goodwill | 1,459,385 | 2,071,680 | 2,064,541 |
| Other intangibles, net | 621,436 | 722,493 | 722,314 |
| Right-of-use assets | 156,157 | 214,986 | 215,095 |
| Other assets | 33,309 | 22,416 | 22,290 |
| $6,757,272 | $7,799,202 | $7,889,486 | |
| LIABILITIES AND EQUITY | |||
| Current liabilities: | |||
| Current maturities of long-term debt | $15,038 | $15,038 | $15,038 |
| Accounts payable | 120,005 | 74,181 | 117,552 |
| Deferred revenue | 299,197 | 293,061 | 333,096 |
| Accrued interest | 84,030 | 47,413 | 93,805 |
| Accrued taxes | 40,681 | 35,668 | 44,236 |
| Accrued salaries, wages and benefits | 52,514 | 45,807 | 47,400 |
| Self-insurance reserves | 54,909 | 51,335 | 56,908 |
| Litigation reserves | 10,755 | 55,465 | 64,315 |
| Current NCI call option liability | 358,745 | — | — |
| Other accrued liabilities | 99,247 | 67,150 | 87,986 |
| 1,135,121 | 685,118 | 860,336 | |
| Deferred tax liabilities | 421,481 | 488,713 | 456,507 |
| Lease liabilities | 156,244 | 219,290 | 214,185 |
| NCI call option liability | — | 323,902 | 316,370 |
| Non-current deferred revenue | 32,142 | 17,705 | 32,264 |
| Non-current self-insurance reserves | 106,871 | 99,555 | 100,694 |
| Other liabilities | 24,262 | 14,043 | 35,586 |
| Long-term debt: | |||
| Revolving credit loans | — | 258,386 | 97,361 |
| Term debt | 1,440,935 | 1,445,809 | 1,453,308 |
| Notes | 3,450,153 | 3,461,877 | 3,461,264 |
| 4,891,088 | 5,166,072 | 5,011,933 | |
| 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; 107,745 shares issued and 102,312 shares outstanding as of September 27, 2026 (107,128 and 101,696 shares as of December 31, 2025 and 106,692 and 101,259 shares as of September 28, 2025, respectively) | 1,023 | 1,017 | 1,013 |
| Additional paid-in-capital | 2,266,822 | 2,245,553 | 2,226,836 |
| Accumulated deficit | (2,600,710) | (1,763,369) | (1,670,985) |
| Accumulated other comprehensive income | 83,277 | 66,556 | 57,450 |
| (249,588) | 549,757 | 614,314 | |
| $6,757,272 | $7,799,202 | $7,889,486 | |
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except per share amounts)
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| September 27, 2026 | September 28, 2025 | September 27, 2026 | September 28, 2025 | |
| Net revenues: | ||||
| Admissions | $583,520 | $664,647 | $1,138,284 | $1,256,832 |
| Food, merchandise and games | 394,013 | 443,126 | 775,462 | 832,129 |
| Accommodations, extra-charge products and other | 195,545 | 209,980 | 349,878 | 361,239 |
| 1,173,078 | 1,317,753 | 2,263,624 | 2,450,200 | |
| Costs and expenses: | ||||
| Cost of food, merchandise, and games revenues | 96,163 | 111,195 | 192,723 | 213,618 |
| Operating expenses | 498,202 | 549,340 | 1,203,871 | 1,348,940 |
| Selling, general and administrative | 82,411 | 111,834 | 286,442 | 332,441 |
| Depreciation and amortization | 102,486 | 128,053 | 317,610 | 365,011 |
| Loss on retirement of fixed assets, net | 2,782 | 2,797 | 19,105 | 21,413 |
| Loss on impairment of fixed assets | 9,029 | — | 9,029 | — |
| Loss on impairment of goodwill and other intangibles | 678,667 | 1,518,099 | 717,307 | 1,518,099 |
| Loss on disposal group | 3,189 | — | 41,027 | — |
| Loss on other assets | — | — | — | 791 |
| 1,472,929 | 2,421,318 | 2,787,114 | 3,800,313 | |
| Operating loss | (299,851) | (1,103,565) | (523,490) | (1,350,113) |
| Interest expense, net | 89,634 | 91,056 | 286,614 | 270,500 |
| Loss on early debt extinguishment | — | — | 4,053 | — |
| Other expense (income), net | 2,184 | 5,954 | 14,601 | (15,011) |
| Loss before taxes | (391,669) | (1,200,575) | (828,758) | (1,605,602) |
| Benefit for taxes | (50,633) | (38,043) | (41,586) | (148,520) |
| Net loss | (341,036) | (1,162,532) | (787,172) | (1,457,082) |
| Net income attributable to non-controlling interests | 25,085 | 24,816 | 50,169 | 49,632 |
| Net loss attributable to Six Flags Entertainment Corporation | $(366,121) | $(1,187,348) | $(837,341) | $(1,506,714) |
| Net loss | $(341,036) | $(1,162,532) | $(787,172) | $(1,457,082) |
| Other comprehensive (loss) income, (net of tax): | ||||
| Foreign currency translation | (4,836) | 14,602 | 16,721 | 59,730 |
| Defined benefit retirement plan | — | (409) | — | — |
| Other comprehensive (loss) income, (net of tax) | (4,836) | 14,193 | 16,721 | 59,730 |
| Comprehensive loss | (345,872) | (1,148,339) | (770,451) | (1,397,352) |
| Comprehensive income attributable to non-controlling interests | 25,085 | 24,816 | 50,169 | 49,632 |
| Comprehensive loss attributable to Six Flags Entertainment Corporation | $(370,957) | $(1,173,155) | $(820,620) | $(1,446,984) |
| Weighted average shares of common stock outstanding (See Note 10) | ||||
| Basic | 101,868 | 100,884 | 101,697 | 100,546 |
| Diluted | 101,868 | 100,884 | 101,697 | 100,546 |
| Loss attributable to Six Flags Entertainment Corporation per share of common stock outstanding (See Note 10) | ||||
| Basic | $(3.59) | $(11.77) | $(8.23) | $(14.99) |
| Diluted | $(3.59) | $(11.77) | $(8.23) | $(14.99) |
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 June 29, 2025 | 101,254 | $1,013 | $2,214,168 | $(483,637) | $43,257 | $1,774,801 |
| Net loss attributable to Six Flags Entertainment Corporation | — | — | — | (1,187,348) | — | (1,187,348) |
| Equity-based compensation | 5 | — | 12,668 | — | — | 12,668 |
| Foreign currency translation adjustment | — | — | — | — | 14,602 | 14,602 |
| Defined benefit retirement plan | — | — | — | — | (409) | (409) |
| Balance as of September 28, 2025 | 101,259 | $1,013 | $2,226,836 | $(1,670,985) | $57,450 | $614,314 |
| Balance as of June 28, 2026 | 102,313 | $1,023 | $2,260,180 | $(2,234,589) | $88,113 | $114,727 |
| Net loss attributable to Six Flags Entertainment Corporation | — | — | — | (366,121) | — | (366,121) |
| Equity-based compensation | (1) | — | 6,642 | — | — | 6,642 |
| Foreign currency translation adjustment | — | — | — | — | (4,836) | (4,836) |
| Balance as of September 27, 2026 | 102,312 | $1,023 | $2,266,822 | $(2,600,710) | $83,277 | $(249,588) |
| For the nine 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 | — | — | — | (1,506,714) | — | (1,506,714) |
| Equity-based compensation | 909 | 9 | 19,426 | — | — | 19,435 |
| Foreign currency translation adjustment | — | — | — | — | 59,730 | 59,730 |
| Balance as of September 28, 2025 | 101,259 | $1,013 | $2,226,836 | $(1,670,985) | $57,450 | $614,314 |
| 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 | — | — | — | (837,341) | — | (837,341) |
| Equity-based compensation | 616 | 6 | 21,269 | — | — | 21,275 |
| Foreign currency translation adjustment | — | — | — | — | 16,721 | 16,721 |
| Balance as of September 27, 2026 | 102,312 | $1,023 | $2,266,822 | $(2,600,710) | $83,277 | $(249,588) |
The accompanying Notes to Unaudited Consolidated Financial Statements are an integral part of this statement.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine months ended | ||
|---|---|---|
| September 27, 2026 | September 28, 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(787,172) | $(1,457,082) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation and amortization | 317,610 | 365,011 |
| Loss on early debt extinguishment | 4,053 | — |
| Loss on impairment of goodwill and other intangibles | 717,307 | 1,518,099 |
| Non-cash loss on disposal group | 21,028 | — |
| Non-cash foreign currency loss (gain) on USD notes | 11,460 | (10,452) |
| Non-cash equity based compensation expense | 31,969 | 40,962 |
| Deferred income tax benefit | (68,335) | (163,683) |
| Interest accretion on NCI call option liability | 34,843 | 27,239 |
| Other non-cash expenses | 26,708 | 11,009 |
| Changes in assets and liabilities: | ||
| (Increase) decrease in receivables | 55,240 | (86,342) |
| (Increase) decrease in inventories | (10,238) | (12,760) |
| (Increase) decrease in other assets | (9,151) | (5,907) |
| Increase (decrease) in accounts payable | 33,678 | 24,227 |
| Increase (decrease) in deferred revenue | 43,115 | 54,716 |
| Increase (decrease) in accrued interest | 36,641 | 39,434 |
| Increase (decrease) in accrued taxes and income tax receivables | 58,418 | (17,407) |
| Increase (decrease) in accrued salaries, wages and benefits | 3,022 | (4,238) |
| Increase (decrease) in self-insurance reserves | 10,937 | 26,763 |
| Increase (decrease) in other liabilities | (32,682) | 15,551 |
| Net cash from operating activities | 498,451 | 365,140 |
| CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||
| Capital expenditures | (241,197) | (408,075) |
| Proceeds from sale of parks | 257,749 | — |
| Net cash from (for) investing activities | 16,552 | (408,075) |
| CASH FLOWS (FOR) FROM FINANCING ACTIVITIES | ||
| Net borrowings on revolving credit loans | (272,000) | (203,000) |
| Term debt borrowings | — | 500,000 |
| Note borrowings | 1,000,000 | — |
| Term debt payments | (7,516) | (6,259) |
| Note payments | (1,000,000) | (200,000) |
| Payment of debt issuance costs | (17,664) | (3,986) |
| Payments related to tax withholding for equity compensation | (7,249) | (21,596) |
| Purchase of redeemable non-controlling interests | (7,578) | (7,794) |
| Distributions to non-controlling interests | (25,084) | (24,816) |
| Other | — | 82 |
| Net cash (for) from financing activities | (337,091) | 32,631 |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (1,188) | (2,187) |
| CASH AND CASH EQUIVALENTS | ||
| Net increase (decrease) for the period | 176,724 | (12,491) |
| Balance, beginning of period | 91,134 | 83,174 |
| Balance, end of period | $267,858 | $70,683 |
| SUPPLEMENTAL INFORMATION | ||
| Cash payments for interest | $220,425 | $206,628 |
| Interest capitalized | 6,954 | 7,976 |
| Net cash (refunds) payments for income taxes | (33,711) | 35,650 |
| Capital expenditures in accounts payable | 23,253 | 19,883 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.