Six Flags Corporate Discussion Thread

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Re: Six Flags Development Discussion Thread

Postby jedimaster1227 » Sat Jul 21, 2012 11:55 am

http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-newsArticle&ID=1715716&highlight=

Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park company, and The Coca-Cola Company (NYSE: KO) today announced a 10-year extension to their partnership agreement, designating Coca-Cola as Six Flags' Official Beverage Sponsor for all domestic parks. The new agreement begins January 2013 and builds on a 50-year relationship that began at Six Flags Over Texas, Six Flags' flagship park.

"We are extremely proud and excited to extend our valuable partnership with Coca-Cola, and expand our relationship that is built on innovation, service and quality brands," said David McKillips, senior vice president of Corporate Alliances for Six Flags. "We are looking forward to taking our relationship to new heights."

"This new agreement builds on 50 years of refreshing visitors at Six Flags parks. With acres of thrilling rides and attractions to explore, friends and families are sure to work up a thirst enjoying a day outdoors at one of Six Flags' 17 U.S. parks," said Stefanie Miller, Group Vice President of Strategic Partnership Marketing, Coca-Cola Refreshments. "Our diverse portfolio of full, low and no-calorie beverages offers the perfect choice for delicious, ice-cold refreshment for every Six Flags visitor."

The association includes fully integrated marketing, food service and sponsorship elements at every property and exclusive product distribution in restaurants, dining locations and mobile carts for Coca-Cola®, Diet Coke®, Sprite®, Coke Zero™, PowerAde® and Dasani® bottled water, along with energy drinks, teas, juices and all frozen carbonated beverages. The companies will work collaboratively on launching unique beverage innovation concepts, including the expansion of the Coca-Cola Freestyle® Zone, which first opened at Six Flags Great Adventure in Jackson, NJ in 2011.

Also, Six Flags and Coca-Cola will debut many marketing initiatives nationally, regionally and locally, including value-added promotions unique to each property, along with an extensive, fully-integrated media campaign featuring joint creative messaging on TV, radio, the internet and in cinemas. Additional programs will feature Six Flags rewards within the MyCokeRewards loyalty program, as well as social media and mobile phone campaigns.

In addition, Coca-Cola will be the Official Beverage Sponsor of many Six Flags special events, including spring and summertime music concerts and cultural events such as Festival Latino. Coca Cola will market its products on Six Flags' in-park media networks, including TV commercials, custom-made vignettes on award-winning Six Flags TV, digital out-of-home networks, online at sixflags.com, and via experiential marketing on Coke's Swelter Stopper Tour.
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Re: Six Flags Development Discussion Thread

Postby SharkTums » Sat Jul 21, 2012 12:07 pm

Best Six Flags news ever!

Why do I still have a donkey title???
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Re: Six Flags Development Discussion Thread

Postby ginzo » Sat Jul 21, 2012 2:01 pm

^Almost as good as if they were announcing the closure of SFA!

My favorite roller coaster is dumb.
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Re: Six Flags Development Discussion Thread

Postby DarienLaker » Sat Jul 21, 2012 2:13 pm

ginzo wrote:^Almost as good as if they were announcing the closure of SFA!


Or if they were selling TGE! :roll:
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Re: Six Flags Development Discussion Thread

Postby SharkTums » Sat Jul 21, 2012 3:25 pm

Or Paving SFMM!

Full Fledged Meat Enthusiast!
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Re: Six Flags Development Discussion Thread

Postby QueerRudie » Sat Jul 21, 2012 3:33 pm

Or Restoring Revolution...

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Re: Six Flags Development Discussion Thread

Postby The49er » Sat Jul 21, 2012 5:10 pm

^^But that is one of Cali's best thrill parks!

^THAT I can agree with.
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Re: Six Flags Development Discussion Thread

Postby Gigalyte » Sat Jul 21, 2012 6:52 pm

SharkTums wrote:Or Paving SFMM!


:angry: :evil: :x :omg: :cry:

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Re: Six Flags Development Discussion Thread

Postby dylanreich » Sat Jul 21, 2012 7:50 pm

Is the ground really THAT bad at SFMM? Maybe I'm just used to it, but I never get any problems from walking around there. However, I'm younger, so.. yea. Fixing up Revolution WOULD be fantastic though.
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Re: Six Flags Development Discussion Thread

Postby jedimaster1227 » Tue Jul 24, 2012 9:47 am

http://www.marketwatch.com/story/adjusted-ebitda-climbs-24-percent-and-cash-eps-grows-60-percent-on-11-percent-revenue-growth-in-the-second-quarter-at-six-flags-2012-07-24

Six Flags Entertainment Corporation SIX +7.19% , the world's largest regional theme park company, today announced that second quarter 2012 revenue grew 11 percent or $36 million over prior year to a record $375 million. The strong performance was driven by an 11 percent or $20 million increase in ticket revenue and a 12 percent or $17 million increase in in-park sales. Attendance increased by one million guests or 12 percent over prior year. Adjusted EBITDA1 for the same period grew 24 percent or $27 million to a record $141 million while cash earnings per share2 of $1.78 grew 60 percent compared to the second quarter of 2011.

"Our focused strategy is clearly working. We are delighting our guests with innovative new attractions and great service at an exceptional value," said Jim Reid-Anderson, Chairman, President and CEO. "I am confident our consistent execution will continue to drive growth in cash flow, enable high returns for our shareholders, and further strengthen our financial position."

Guest spending per capita for the quarter of $39.06 declined one percent or $0.30 due to a reduction in admissions revenue per capita. Admissions revenue per capita declined one percent or $0.31 to $21.97 as individual ticket pricing gains were offset by the company's success in growing season pass attendance. In-park revenue per capita for the quarter was $17.08--up slightly over prior year.

For the first six months of the year, revenue increased 10 percent or $41 million over the same period in 2011 while Adjusted EBITDA grew 47 percent or $30 million. The company's Adjusted EBITDA for the last twelve months grew to $381 million and Modified EBITDA3 for the same period grew to $408 million. Modified EBITDA margin for the last twelve months improved by 320 basis points to 38.7 percent, a new record high for the company and the industry.

Due primarily to strong season pass sales, deferred revenue as of June 30, 2012 grew to $106 million, an increase of $19 million or 22 percent versus June 2011.

Diluted earnings per share was $1.27 in the second quarter and a loss of $0.79 for the first six months of 2012, an improvement of $0.65 or 105 percent and $1.26, respectively.

Cash earnings per share for the last twelve months grew to $4.00, an increase of $0.89 as compared to the prior twelve-month time period. The company believes cash earnings per share is a meaningful metric given the current $1.1 billion accumulated tax loss carryforward and the net depreciation and amortization impacts relating to fresh-start accounting.

Net Debt4 as of June 30, 2012 was $828 million compared to $829 million as of June 30, 2011. The company's net leverage ratio declined to an industry low of 2.2 times as of June 30, 2012 from 2.6 times as of June 30, 2011. In the first six months of 2012 the company invested $64 million in new capital, net of property insurance recoveries, paid $64 million in dividends, or $1.20 per share of common stock, and repurchased $98 million or 2.1 million shares of its common stock at an average price of approximately $47 per share.

Conference Call At 8:00 a.m. Central Time today, the company will host a conference call to discuss its second quarter and first six months 2012 financial results. The call is accessible either through the Six Flags Investor Relations website at www.sixflags.com/investors or by dialing 1-888-282-0415 in the United States or +1-415-228-4945 outside the United States and requesting the Six Flags earnings call. A replay of the call will be available by dialing 1-800-925-0943 or +1-203-369-3380 through July 31, 2012.
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