Mon, Mar 3, 8:34 PM (54 days ago)
**Summary of Six Flags Entertainment Corporation (FUN) 2024 10-K Filing** Six Flags Entertainment Corporation (FUN) reported significant financial activity following the merger with Cedar Fair on July 1, 2024. For the fiscal year ending December 31, 2024, the company generated net revenues of $2,709 million, a 50.6% increase from 2023, primarily due to the inclusion of Former Six Flags operations post-merger. However, net loss reached $231 million, equating to a loss of $3.22 per diluted share, influenced by increased operating expenses and interest costs from $4.96 billion in total debt. The company executed a strategy termed "Project Accelerate," aiming to enhance guest experiences and drive operational efficiencies, with planned capital expenditures of approximately $1 billion over 2025 and 2026. Attendance rose by 56.2% to 41.6 million visits, although in-park spending declined slightly. Key risks identified include economic fluctuations, integration challenges from the merger, and potential regulatory changes affecting operations. The company's liquidity remains stable, supported by cash flows and credit facilities, with no dividends declared as it focuses on debt reduction and reinvestment. Overall, Six Flags is positioned as a leading amusement park operator in North America, with a robust portfolio and strategic growth initiatives post-merger.