Six Flags Entertainment (FUN) Q2 FY2023 earnings: revenue $444 million

Six Flags Entertainment Corporation (FUN) reported revenue of $444 million for Q2 FY2023, the quarter ended 2 July 2023. Net income was $21 million, and diluted earnings per share $0.25. The figures are the company's own, from the 8-K it filed with the SEC on 8 August 2024.

Revenue

$444 million

Q2 FY2023Q2 FY2023

Operating margin

25.5%

Q2 FY2023Q2 FY2023

Net income

$21 million

Q2 FY2023Q2 FY2023

Diluted EPS

$0.25

Q2 FY2023Q2 FY2023

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q2 FY2023	Quarter before	A year earlier
Revenue	444	n/a	n/a
Cost of revenue	34.8	n/a	n/a
Gross profit	409	n/a	n/a
Gross margin	92.2%	n/a	n/a
Selling, general and administrative	90.4	n/a	n/a
Operating income	113	n/a	n/a
Operating margin	25.5%	n/a	n/a
Pre-tax income	58.1	n/a	n/a
Income tax	13.8	n/a	n/a
Effective tax rate	23.8%	n/a	n/a
Net income	20.6	n/a	n/a
Net margin	4.6%	n/a	n/a
Diluted EPS	$0.25	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2023	Quarter before	A year earlier
Depreciation and amortisation	28.9	n/a	n/a
Share-based compensation	2.2	n/a	n/a
Diluted shares, weighted	84m	n/a	n/a
Shares outstanding at period end	83m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2023	Quarter before	A year earlier
Shareholders' equity	-995	n/a	n/a
Redeemable equity	545	n/a	n/a
Short-term borrowings	169	n/a	n/a
Debt	2,352	n/a	n/a
Other liabilities	643	n/a	n/a
Total liabilities and equity	2,714	n/a	n/a
Goodwill	660	n/a	n/a
Intangible assets	344	n/a	n/a
Cash and equivalents	51.6	n/a	n/a
Receivables	93.1	n/a	n/a
Inventory	43.2	n/a	n/a
Other assets	1,522	n/a	n/a
Total assets	2,714	n/a	n/a

Questions

What was Six Flags Entertainment's revenue in Q2 FY2023?

Six Flags Entertainment (FUN) reported revenue of $444 million for Q2 FY2023, the quarter ended 2 July 2023.

How much did Six Flags Entertainment earn in Q2 FY2023?

Net income for Q2 FY2023 was $21 million, and diluted earnings per share $0.25.

When did Six Flags Entertainment report Q2 FY2023 results?

Six Flags Entertainment filed its 8-K for the quarter ended 2 July 2023 with the SEC on 8 August 2024.

Quarterly results, the last 14 quarters

	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024 †	Q3 FY2024	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	444	842	371	102	572	1,348	687	202	930	1,318	650	226	865	1,173
Cost of revenue	34.8	70.1	30.7	11.6	53.3	110	57.8	21.6	80.8	111	56.1	21.3	75.3	96.2
Gross profit	409	772	340	90.0	518	1,238	630	180	850	1,207	594	204	790	1,077
Gross margin	92%	92%	92%	89%	91%	92%	92%	89%	91%	92%	91%	91%	91%	92%
SG&A	90.4	64.8	-15.2	46.7	66.6	209	88.6	90.8	130	112	107	73.3	131	82.4
Operating income	113	307	-207	-126	123	263	51.1	-321	74.5	-1,104	-24.9	-312	88.6	-300
Operating margin	26%	36%	-56%	-124%	22%	19%	7%	-159%	8%	-84%	-4%	-138%	10%	-26%
Interest expense	n/a	n/a	n/a	n/a	40.0	81.7	n/a	87.0	92.4	91.1	89.5	94.9	102	89.6
Pre-tax income	58.1	266	-219	-166	75.8	179	-54.5	-406	1.5	-1,201	-108	-417	-20.1	-392
Tax rate	24%	19%	n/a	n/a	27%	24%	n/a	n/a	5257%	n/a	n/a	n/a	n/a	n/a
Net income	20.6	215	-165	-133	55.6	111	-264	-220	-99.6	-1,187	-92.4	-269	-203	-366
Net margin	5%	26%	-44%	-131%	10%	8%	-38%	-109%	-11%	-90%	-14%	-119%	-23%	-31%
Diluted EPS	$0.25	$4.21	n/a	-$2.63	$0.40	$1.10	-$3.71	-$2.20	-$0.99	-$11.77	-$0.93	-$2.65	-$1.99	-$3.59
Operating cash flow	n/a	317	n/a	-111	179	337	-32.6	-178	187	356	-37.7	-83.2	236	346
Capital expenditure	n/a	45.1	n/a	57.1	60.9	110	93.2	140	168	100.0	71.6	54.0	95.5	91.7
Free cash flow	n/a	272	n/a	-168	118	228	-126	-318	18.8	256	-109	-137	140	254
Shares outstanding	83m	100m	84m	101m	84m	100m	100m	101m	101m	101m	102m	102m	102m	102m
Filing	8-K	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

8-K for the period ended 2 July 2023, filed 8 August 2024: the filing.