XML 24 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Total revenues $ 356,575 $ 1,487,583 $ 1,463,707
Operating expenses (excluding depreciation and amortization shown separately below) 389,726 607,791 574,724
Selling, general and administrative expenses (including stock-based compensation of $19,530 and $13,274 in 2020 and 2019, respectively, and a net reversal of stock-based compensation of $46,684 in 2018, and excluding depreciation and amortization shown separately below) 147,295 199,194 132,168
Costs of products sold 34,119 130,304 121,803
Other net periodic pension benefit (5,190) (4,186) (5,169)
Depreciation 119,159 115,825 113,246
Amortization 1,014 2,405 2,447
Loss on disposal of assets 7,689 2,162 1,879
Interest expense 155,411 114,703 108,034
Interest income (688) (1,401) (791)
Loss on debt extinguishment 6,106 6,484 0
Other expense, net 24,993 2,542 3,508
(Loss) income before income taxes (523,059) 311,760 411,858
Income tax (benefit) expense (140,967) 91,942 95,855
Net (loss) income (382,092) 219,818 316,003
Less: Net income attributable to noncontrolling interests (41,288) (40,753) (40,007)
Net (loss) income attributable to Six Flags Entertainment Corporation $ (423,380) $ 179,065 $ 275,996
Weighted-average common shares outstanding:      
Weighted-average common shares outstanding-basic (in shares) 84,800 84,348 84,100
Weighted-average common shares outstanding - diluted (in shares) 84,800 84,968 85,445
Net (loss) earnings per average common share outstanding:      
Net (loss) earnings per average common share outstanding - basic (in dollars per share) $ (4.99) $ 2.12 $ 3.28
Net (loss) earnings per average common share outstanding - diluted (in dollars per share) (4.99) 2.11 3.23
Cash dividends declared per common share $ 0.25 $ 3.29 $ 3.16
Park admissions      
Total revenues $ 202,646 $ 815,782 $ 810,064
Park food, merchandise and other      
Total revenues 126,306 574,440 553,527
Sponsorship international agreements and accommodations      
Total revenues $ 27,623 $ 97,361 $ 100,116