XML 13 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
2 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2011
Apr. 30, 2010
Predecessor
Apr. 30, 2010
Predecessor
Theme park admissions $ 132,626 $ 183,563 $ 209,899 $ 35,439 $ 59,270
Theme park food, merchandise and other 104,308 140,651 163,584 31,211 52,054
Sponsorship, licensing and other fees 11,309 10,579 18,491 2,966 11,259
Accommodations revenue 2,193 3,880 8,034 1,198 5,494
Total revenue 250,436 338,673 400,008 70,814 128,077
Operating expenses (excluding depreciation and amortization shown separately below) 89,205 120,453 197,708 35,891 115,636
Selling, general and administrative (including stock-based compensation of $13,361 and $27,664 for three and six Months ended on June 30, 2011 and $120 and $718 for one and four months ended on April 30, 2010, respectively, and excluding depreciation and amortization shown separately below) 47,050 74,062 117,754 13,538 47,608
Costs of products sold 21,304 27,317 32,887 6,636 12,132
Depreciation 27,089 36,979 76,501 8,852 45,373
Amortization 3,011 4,515 9,028 75 302
Loss on disposal of assets 124 1,938 3,915 1,353 1,923
Interest expense (contractual interest expense was $19,445 and $65,820 for the one and four months ended on April 30, 2010, respectively) 14,149 16,507 33,278 13,743 74,375
Interest income (74) (245) (496) (44) (241)
Equity in loss (income) of investees 308 1,091 2,247 (777) (594)
Other expense (income), net 1,193 503 147 (163) (802)
Restructure (recovery) costs 16,472 (1,254) 25,348    
Income (loss) from continuing operations before reorganization items, income taxes and discontinued operations 30,605 56,807 (98,309) (8,290) (167,635)
Reorganization items, net 977 334 834 (839,934) (819,473)
Income (loss) from continuing operations before income taxes and discontinued operations 29,628 56,473 (99,143) 831,644 651,838
Income tax (benefit) expense 509 3,396 (3,689) 111,735 112,648
(Loss) income from continuing operations before discontinued operations 29,119 53,077 (95,454) 719,909 539,190
(Loss) income from discontinued operations (771) (66) (102) 12,532 9,759
Net (loss) income 28,348 53,011 (95,556) 732,441 548,949
Less: Net (income) loss attributable to noncontrolling interests (17,536) (18,048) (17,966) 8 (76)
Net (loss) income attributable to Six Flags Entertainment Corporation 10,812 34,963 (113,522) 732,449 548,873
Net (loss) income applicable to Six Flags Entertainment Corporation common stockholders 10,812 34,963 (113,522) 732,449 548,873
Weighted average number of common shares outstanding - basic: (in shares) 54,778 [1] 54,994 [1] 55,308 [1] 98,054 [1] 98,054 [1]
Weighted average number of common shares outstanding - diluted: (in shares) 54,778 [1] 56,743 [1] 55,308 [1] 98,054 [1] 98,054 [1]
Net (loss) income per average common share outstanding - basic:          
(Loss) income from continuing operations applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ 0.21 [1] $ 0.64 [1]   $ 7.34 [1]  
(Loss) income from discontinued operations applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ (0.01) [1]     $ 0.13 [1]  
Net (loss) income applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ 0.20 [1] $ 0.64 [1]   $ 7.47 [1]  
Net (loss) income per average common share outstanding - diluted:          
(Loss) income from continuing operations applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ 0.21 [1] $ 0.62 [1]   $ 7.34 [1]  
(Loss) income from discontinued operations applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ (0.01) [1]     $ 0.13 [1]  
Net (loss) income applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ 0.20 [1] $ 0.62 [1]   $ 7.47 [2]  
Net (loss) income per average common share outstanding - basic and diluted:          
(Loss) income from continuing operations applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ 0.21 [1]   $ (2.05) [1]   $ 5.50 [1]
(Loss) income from discontinued operations applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ (0.01) [1]       $ 0.10 [1]
Net (loss) income applicable to Six Flags Entertainment Corporation common stockholders (in dollars per share) $ 0.20 [1]   $ (2.05) [1]   $ 5.60 [1]
Amounts attributable to Six Flags Entertainment Corporation:          
(Loss) income from continuing operations 11,583 35,029 (113,420) 719,917 539,114
(Loss) income from discontinued operations (771) (66) (102) 12,532 9,759
Net (loss) income $ 10,812 $ 34,963 $ (113,522) $ 732,449 $ 548,873
[1] All Successor share and per share amounts have been retroactively adjusted to reflect Holdings' two-for-one stock split in June 2011, as described in Note 2 to these condensed consolidated financial statements.
[2] All Successor common stock amounts have been retroactively adjusted to reflect Holdings' two-for-one common stock split in June 2011, as described in Note 2 to these condensed consolidated financial statements.