other material
confidence high
sentiment neutral
materiality 0.60
Six Flags posts pro forma net loss of $23M for 2023, $186M for H1 2024 after merger of equals
Six Flags Entertainment Corporation/NEW
- Pro forma 2023 revenue $3.23B; net loss attributable to controlling interests $23.3M ($0.23 per share).
- Pro forma H1 2024 revenue $1.25B; net loss attributable to controlling interests $186.1M ($1.85 per share).
- Merger closed July 1, 2024; Cedar Fair is accounting acquirer (51.2% ownership). Post-merger long-term debt ~$4.95B.
- $330M drawn under new credit agreement to repay revolving facilities and pay transaction costs; $165M of Six Flags 2025 notes repaid pre-closing.
- Preliminary purchase price allocation; goodwill of $2.87B and intangibles of $878.6M recorded.