Six Flags Entertainment (FUN) Q3 FY2023 earnings: revenue $842 million

Six Flags Entertainment Corporation (FUN) reported revenue of $842 million for Q3 FY2023, the quarter ended 24 September 2023. Net income was $215 million, and diluted earnings per share $4.21. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2024.

Revenue$842 million

Net income$215 million

Diluted EPS$4.21

QuarterQ3 FY2023ended 24 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	842	n/a	n/a	n/a
Cost of revenue	70.1	n/a	n/a	n/a
Gross profit	772	n/a	n/a	n/a
Gross margin	91.7%	n/a	n/a
Selling, general and administrative	64.8	n/a	n/a	n/a
Operating income	307	n/a	n/a	n/a
Operating margin	36.4%	n/a	n/a
Pre-tax income	266	n/a	n/a	n/a
Income tax	50.7	n/a	n/a	n/a
Effective tax rate	19.0%	n/a	n/a
Net income	215	n/a	n/a	n/a
Net margin	25.6%	n/a	n/a
Diluted EPS	$4.21	n/a	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 and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	317	n/a	n/a	n/a
Capital expenditure	45.1	n/a	n/a	n/a
Free cash flow	272	n/a	n/a	n/a
Free cash flow margin	32.3%	n/a	n/a
Cash from investing	-45.1	n/a	n/a	n/a
Cash from financing	-185	n/a	n/a	n/a
Depreciation and amortisation	65.9	n/a	n/a	n/a
Share-based compensation	8.2	n/a	n/a	n/a
Shares outstanding at period end	100m	n/a	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 at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Redeemable equity	0.0	n/a	n/a	n/a
Debt	2,273	n/a	n/a	n/a
Operating lease liabilities	75.0	n/a	n/a	n/a
Total liabilities and equity	2,319	n/a	n/a	n/a
Goodwill	264	n/a	n/a	n/a
Intangible assets	48.9	n/a	n/a	n/a
Cash and equivalents	134	n/a	n/a	n/a
Receivables	88.3	n/a	n/a	n/a
Inventory	51.5	n/a	n/a	n/a
Other assets	1,732	n/a	n/a	n/a
Total assets	2,319	n/a	n/a	n/a

Questions

What was Six Flags Entertainment's revenue in Q3 FY2023?

Six Flags Entertainment (FUN) reported revenue of $842 million for Q3 FY2023, the quarter ended 24 September 2023.

How much did Six Flags Entertainment earn in Q3 FY2023?

Net income for Q3 FY2023 was $215 million, and diluted earnings per share $4.21.

When did Six Flags Entertainment report Q3 FY2023 results?

Six Flags Entertainment filed its 10-Q for the quarter ended 24 September 2023 with the SEC on 6 November 2024.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	842	371	102	572	1,348	687	202	930	1,318	650	226	865
Cost of revenue	70.1	30.7	11.6	53.3	110	57.8	21.6	80.8	111	56.1	21.3	75.3
Gross profit	772	340	90.0	518	1,238	630	180	850	1,207	594	204	790
Gross margin	92%	92%	89%	91%	92%	92%	89%	91%	92%	91%	91%	91%
SG&A	64.8	-15.2	46.7	93.0	209	62.3	90.8	130	112	107	73.3	131
Operating income	307	-207	-126	123	263	51.1	-321	74.5	-1,104	-24.9	-312	88.6
Operating margin	36%	-56%	-124%	22%	19%	7%	-159%	8%	-84%	-4%	-138%	10%
Interest expense	n/a	n/a	n/a	40.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	266	-219	-166	75.8	179	-54.5	-406	1.5	-1,201	-108	-417	-20.1
Tax rate	19%	n/a	n/a	27%	24%	n/a	n/a	5257%	n/a	n/a	n/a	n/a
Net income	215	-165	-133	55.6	111	-264	-220	-99.6	-1,187	-92.4	-269	-203
Net margin	26%	-44%	-131%	10%	8%	-38%	-109%	-11%	-90%	-14%	-119%	-23%
Diluted EPS	$4.21	n/a	-$2.63	$0.40	$1.10	-$3.71	-$2.20	-$0.99	-$11.77	-$0.93	-$2.65	-$1.99
Operating cash flow	317	n/a	-111	179	337	-32.6	-178	187	356	-37.7	-83.2	236
Capital expenditure	45.1	n/a	57.1	60.9	110	93.2	140	168	100.0	71.6	54.0	95.5
Free cash flow	272	n/a	-168	118	228	-126	-318	18.8	256	-109	-137	140
Shares outstanding	100m	84m	101m	84m	100m	100m	101m	101m	101m	102m	102m	102m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	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. 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.

Source

10-Q for the period ended 24 September 2023, filed 6 November 2024, accession 0001999001-24-000027: the filing on EDGAR. All of Six Flags Entertainment Corporation's filings: EDGAR company page.

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