Is SFGAm still in debt, or are they doing better now?

[TwistedSTEEL666]

I was wondering because it wasnt too long ago that Six Flags went into debt. Is SFGAm still in some debt or are they doing better now? I would think they're doing better now. They added Riptide Bay in 2011, X-Flight in 2012, and now Goliath. Those additions don't sound cheap. Prices went up a few times in the past few years.

[DeathbyDinn]

SFGAm was never in debt, the chain was. SFGAm has been the most or one of the most profitable parks for years. It's not like the park, or any of the parks was singularly in debt. It was the entire chain. You can find financial data here: http://investors.sixflags.com/phoenix.z ... portsOther

[JimPanky]

also sfgam has been one of the highest attended parks in the chain if you check out the TEA reports. They get more guests in a year than even some Six Flags parks that are open more.

Sent from my XT897 using Tapatalk

[FParker185]

the most recent annual report(2012) lists Six Flags debt at $1,405,206,000. About half of what it was before the bankruptcy filing. When the 2013 report comes out, I'd imagine the debt will be flat or slightly higher

[w00dland]

Most businesses operate with a certain amount of debt, and that doesn't mean they aren't profitable. Same way that people livewith debt (cars, mortgages, etc) the trick is to make sure you don't run up "bad debt" such as credit for irresponsible spending inside the parks. Having a positive cashflow is probably the most important part of any business, once you spend more in interest than you can bring in, you're on the way to bankruptcy.

No one really knows whether or not SFGAm as a park is profitable, (and if so, how much) since the chain reports everything as a whole company, but all signs point to yes.