SIX Six Flags Entertainment Corp.
Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.
Company profile
Ticker
SIX
Exchange
Website
CEO
Michael Spanos
Employees
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Premier Parks Inc, Six Flags Inc, Six Flags, Inc., Tierco Group Inc
SEC CIK
Corporate docs
IRS number
133995059
SIX stock data
()
Investment data
Securities sold
Number of investors
Calendar
30 Apr 20
5 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 102.5M | 261M | 621.18M | 477.21M | |
| Net income | -84.55M | -11.16M | 200.21M | 99.9M | |
| Diluted EPS | -1 | -0.13 | 2.11 | 0.94 | |
| Net profit margin | -82.48% | -4.27% | 32.23% | 20.93% | |
| Net change in cash | -151.37M | -37.62M | 98M | 93.36M | |
| Cash on hand | 22.81M | 174.18M | 211.8M | 113.8M | |
| Cost of revenue |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.49B | 1.46B | 1.36B | 1.32B | |
| Net income | 219.82M | 316M | 313.03M | 156.73M | |
| Diluted EPS | 2.11 | 3.23 | 3.09 | 1.25 | |
| Net profit margin | 14.78% | 21.59% | 23.03% | 11.88% | |
| Operating income* | 277.22M | ||||
| Net change in cash | 129.57M | -32.89M | -59.89M | 37.63M | |
| Cash on hand | 174.18M | 44.61M | 77.5M | 137.39M | |
| Cost of revenue | 121.8M | 110.37M | 109.58M |
Financial data from company earnings reports. *Asterisk values are approximate.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Jul 20 | Sandeep Reddy | Common Stock, par value $0.025 per share | Grant | Aquire A | No | 0 | 40,262 | 0 | 90,590 |
| 1 Jul 20 | Sandeep Reddy | Common Stock, par value $0.025 per share | Grant | Aquire A | No | 0 | 50,328 | 0 | 50,328 |
| 11 May 20 | Roedel Richard | Common Stock, par value $0.025 per share | Gift | Dispose G | No | 0 | 1,011 | 0 | 33,092 |
| 6 May 20 | Aslin Catherine | Common Stock, par value $0.025 per share | Grant | Aquire A | No | 0 | 22,658 | 0 | 35,177 |
| 6 May 20 | Krejsa Nancy A | Common Stock, par value $0.025 per share | Grant | Aquire A | No | 0 | 8,417 | 0 | 195,918 |
Institutional ownership Q1 2020
75.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 255 |
| Opened positions | 52 |
| Closed positions | 121 |
| Increased positions | 87 |
| Reduced positions | 90 |
13F shares |
Current |
|---|---|
| Total value | 804.69M |
| Total shares | 63.83M |
| Total puts | 1.06M |
| Total calls | 1.03M |
| Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
|---|---|---|
| H Partners Management | 7.8M | $97.81M |
| Vanguard | 7.65M | $95.97M |
| BLK BlackRock | 6.82M | $85.48M |
| GS The Goldman Sachs Group, Inc. | 2.93M | $36.74M |
| Kohlberg Kravis Roberts & Co. | 2.7M | $33.81M |
| Impala Asset Management | 2.61M | $32.76M |
| STT State Street | 2.03M | $25.52M |
| Massachusetts Financial Services | 1.75M | $21.98M |
| Renaissance Technologies | 1.4M | $17.53M |
| BK Bank Of New York Mellon | 1.37M | $17.22M |
Financial report summary
?Management Discussion
- Revenue for the three months ended March 31, 2020 totaled $102.5 million, a decrease of $25.7 million, or 20%, compared to $128.2 million for the three months ended March 31, 2019. This was driven by a 27% decrease in attendance resulting from the temporary suspension of operations of our theme parks and waterparks on March 13, 2020 due to the COVID-19 pandemic. Prior to the suspension of operations, attendance trends were positive as attendance was up 19% during the year-to-date period through the suspension of operations on March 13, 2020. The decrease in revenue was also attributable to a $10.2 million reduction in sponsorship, international agreements and accommodations revenues, due primarily to the termination of our contracts in China and Dubai.
Content analysis
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
23 Oct 19
10-Q
2019 Q2
Quarterly report
24 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19
10-K
2018 FY
Annual report
20 Feb 19
10-Q
2018 Q3
Quarterly report
24 Oct 18
10-Q
2018 Q2
Quarterly report
25 Jul 18
10-Q
2018 Q1
Quarterly report
25 Apr 18
10-K
2017 FY
Annual report
20 Feb 18
Current reports
8-K
Departure of Directors or Certain Officers
24 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
8 May 20
8-K
Six Flags Announces First Quarter Earnings
30 Apr 20
8-K
Closing of $725 Million Senior Secured Notes Offering and Amendment to Credit Facility by Six Flags
23 Apr 20
8-K
Regulation FD Disclosure
15 Apr 20
8-K
Entry into a Material Definitive Agreement
8 Apr 20
8-K
Entry into a Material Definitive Agreement
31 Mar 20
8-K
Departure of Directors or Certain Officers
30 Mar 20
8-K
Other Events
13 Mar 20
8-K
Departure of Directors or Certain Officers
25 Feb 20
Registration and prospectus
8-A12B
Registration of securities on exchange
31 Mar 20
S-8
Registration of securities for employees
28 Jul 17
S-3ASR
Automatic shelf registration
16 Jun 17
S-8
Registration of securities for employees
31 Jul 15
S-3ASR
Automatic shelf registration
20 Jun 14
S-8
Registration of securities for employees
2 May 12
S-3ASR
Automatic shelf registration
21 Jun 11
S-8
Registration of securities for employees
12 Nov 10
S-8
Registration of securities for employees
6 Aug 10
424B3
Prospectus supplement
24 Jun 10
Proxies
DEFA14A
Additional proxy soliciting materials
13 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEF 14A
Definitive proxy
19 Mar 20
DEFA14A
Additional proxy soliciting materials
19 Mar 19
DEF 14A
Definitive proxy
19 Mar 19
DEF 14A
Definitive proxy
20 Mar 18
DEFA14A
Additional proxy soliciting materials
20 Mar 18
PRE 14A
Preliminary proxy
9 Mar 18
DEF 14A
Definitive proxy
21 Mar 17
DEFA14A
Additional proxy soliciting materials
21 Mar 17
Other
UPLOAD
Letter from SEC
29 Oct 18
UPLOAD
Letter from SEC
21 Nov 16
CORRESP
Correspondence with SEC
22 Sep 16
UPLOAD
Letter from SEC
13 Sep 16
CORRESP
Correspondence with SEC
24 Aug 16
UPLOAD
Letter from SEC
11 Aug 16
CORRESP
Correspondence with SEC
28 Jun 16
UPLOAD
Letter from SEC
15 Jun 16
UPLOAD
Letter from SEC
26 Jun 15
CORRESP
Correspondence with SEC
3 Jun 15
Ownership
4
Six Flags Entertainment / Reddy Sandeep ownership change
2 Jul 20
3
Six Flags Entertainment / Reddy Sandeep ownership change
2 Jul 20
4
Six Flags Entertainment / RICHARD ROEDEL ownership change
13 May 20
4
Six Flags Entertainment / RICHARD ROEDEL ownership change
8 May 20
4
Six Flags Entertainment / B BEN BALDANZA ownership change
8 May 20
4
Six Flags Entertainment / SELIM A BASSOUL ownership change
8 May 20
4
Six Flags Entertainment / Nancy A Krejsa ownership change
8 May 20
4
Six Flags Entertainment / Kurt Matthew Cellar ownership change
8 May 20
4
Six Flags Entertainment / Leonard A Russ ownership change
8 May 20
4
Six Flags Entertainment / Brett Petit ownership change
8 May 20