Exhibit 99.1
Nancy Krejsa
Senior Vice President
Investor Relations and Corporate Communications
Fourth Consecutive Record Year at Six Flags
Revenue Climbs 7 Percent and Adjusted EBITDA1 19 Percent in Fourth Quarter 2013
GRAND PRAIRIE, Texas — February 19, 2014 —
Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, today announced its fourth consecutive year of record financial performance as it generated a company-high $404 million of Adjusted EBITDA1 in 2013, representing a $21 million or 6 percent increase over 2012. On a comparable basis, after adjusting for the September 2012 divestiture of its minority interest in dick clark productions2, Adjusted EBITDA increased $27 million or 7 percent over prior year.
“Strategic focus and excellent execution have been the key drivers of our fourth year of record financial performance,” said Jim Reid-Anderson, Chairman, President and CEO. “With 2013 guest-satisfaction scores also at a record high, our guests recognize we are providing innovative rides and attractions, superb service, and great value for their money. We are well-positioned as we enter the 2014 season and remain focused on delivering our target of $500 million of Modified EBITDA by 2015, equating to almost $3 of cash earnings per share.”
Full year revenue grew 4 percent to $1.1 billion due to higher admissions, in-park, sponsorship and accommodations revenue. In addition, due to the company’s success in delivering excellent value and upselling guests to season passes and memberships, annual attendance for 2013 grew 2 percent to 26.1 million guests. Season pass and membership attendance mix increased to 48 percent from 44 percent in 2012.
Total guest spending per capita in 2013 increased 2 percent over 2012 to $40.18 despite a higher mix of season pass holder and membership attendance. Admissions per capita for the year increased 3 percent or $0.62 to $23.03 while in-park spending per capita grew 1 percent to $17.15.
Cash Earnings Per Share3 of $2.45 increased 13 percent or 29 cents after adjusting for the June 2013 two-for-one stock split. Modified EBITDA4 in 2013 was $444 million and Modified EBITDA margin improved to a new industry high of 40.0 percent.
Diluted earnings per share for 2013 was $1.18 versus $3.30 in 2012. On a comparable basis, full year 2013 diluted earnings per share grew 73 cents or 162 percent after adjusting for the 2012 favorable impact of the $249 million partial reversal of the net operating loss carryforward valuation allowance and the $67 million gain on sale of our equity interest in dick clark productions.
In the fourth quarter 2013, Adjusted EBITDA improved $6 million or 19 percent to a record $36 million while revenue grew 7 percent. The revenue improvement was primarily due to an 8 percent increase in admissions revenue and a 7 percent increase in in-park revenue. Fourth quarter guest spending per capita was up 6 percent to $37.99, which included a 7 percent or $1.32 increase in admissions per capita and a 5 percent or $0.86 increase in in-park revenue per capita. Fourth quarter attendance was 3.7 million guests.
For the fourth quarter 2013, Cash Earnings Per Share was $0.15, up from a loss of 2 cents in 2012.
Diluted earnings per share for the fourth quarter 2013 was $0.13 versus $1.40 in the same quarter 2012. On a comparable basis, which includes adjusting 2012 for the $249 million valuation reserve reversal referenced above, fourth quarter 2013 diluted earnings per share grew $1.00.
In 2013 the company invested $102 million, or 9 percent of revenue, in new capital. It also returned $700 million to shareholders by paying $176 million, or $1.82 per share, of dividends and buying $524 million, or 15.5 million shares, of its common stock at an average per-share price of $33.76. In the fourth quarter the company paid $45 million in dividends, or $0.47 per share, and repurchased $20 million, or 0.5 million shares.
As a result of continued strength in season pass and membership sales, deferred revenue as of December 31, 2013 increased to $60 million, representing an $8 million or 15 percent increase over December 31, 2012.
Net Debt 5 as of December 31, 2013 was $1,231 million, which translates to a 3.0 times net leverage ratio.

The following information was filed by Six Flags Entertainment Corp (SIX) on Wednesday, February 19, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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