By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Here at Theme Park Tourist, we pride ourselves on giving you the news, we love keeping you up to date with all the latest announcements from your favorite theme parks across the world. Excluding the impact of the payment, Adjusted EBITDA decreased $27 million compared to the first nine months 2021. SFMM: 2022-01-01 - Six Flags 2022 announcements : sixflags - Reddit The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. The $11.39 increase in guest spending per capita compared to first nine months 2021 was driven by a $7.41 increase in Admissions spending per capita and a $3.98 increase in In-park spending per capita. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. We believe that these non-GAAP financial measures provide important and useful information for investors to facilitate a comparison of our operating performance on a consistent basis from period to period and make it easier to compare our results with those of other companies in our industry. Processing fees apply to online orders. Popular Theme Park Announces All-New Coaster Coming in 2023 The income per share was $1.39 compared to an income per share of $1.80 in third quarter 2021, driven by lower revenues partially offset by a reduction in expenses. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. The following tables set forth a reconciliation of net income to Adjusted EBITDA for the three month and nine month periods ended October 3, 2022, and October 2, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). The following tables set forth a reconciliation of net (loss) income to Adjusted EBITDA for the three-month periods and twelve-month periods ended April 3, 2022 and April 4, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). This announcement was praised for being a "perfect fit" for the Arlington, TX park. The parks hours from Monday through Thursday will be 11 a.m. to 6 p.m. Hawaiian Falls water parks in Mansfield and Roanoke will open to the general public on weekends starting May 13 before opening for the season on Memorial Day weekend. Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. In addition, due to the adoption of a fiscal reporting calendar commencing January 1, 2021, there were three fewer days in the first nine months 2022 compared to the first nine months 2021, which accounted for 89 thousand additional guests in the first nine months 2021. We believe that these non-GAAP financial measures provide important and useful information for investors to facilitate a comparison of our operating performance on a consistent basis from period to period and make it easier to compare our results with those of other companies in our industry. The Monster Opens and Youve Got to See Its Nighttime Lighting, Walt Disney World Pre-vs-Post Covid Cost Comparison, State-of-the-art animatronics throughout the ride experience; and. Returning guest favorites and new offerings create endless opportunities for fun all year long. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we make no assurance that such expectations will be realized and actual results could vary materially. Date. An investor conference call will follow beginning at 7:00 a.m. Central Time. Six Flags Wiki is a FANDOM Lifestyle Community. In addition, there were increased operating days in first half 2022 compared to the prior year period, which was negatively impacted by pandemic-related closures and operating restrictions. Six Flags' NEW For 2023 Coasters MIND BLOWING - YouTube Sisters Tammy Slaton Seemingly Out of Wheelchair Amid Weight Loss Journey: Photo, Padma Lakshmi Sizzles in SI Swimsuit Debut, Pitchfork and Them Announce Night Out, a Pride Celebration and Concert, Aerosmith Announces Farewell Concert Tour Dates, Listen to Kant10ts Big Meech: The Ones. The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding (i) the effect, impact, potential duration or other implications of the COVID-19 pandemic or virus variants, and any expectations we may have with respect thereto including the continuing efficacy of the COVID-19 vaccines, (ii) the adequacy of our cash flows from operations, available cash and available amounts under our credit facilities to meet our liquidity needs, including in the event of a prolonged closure of one or more of our parks, (iii) our ability to execute our strategy to significantly improve our financial performance and the guest experience, (iv) expectations regarding consumer demand for regional, outdoor, out-of-home entertainment, including for our parks, and (v) expectations regarding our annual income tax liability and the availability and effect of net operating loss carryforwards and other tax benefits.