The board of Six Flags Entertainment Corporation declared a quarterly cash dividend of ninety cents per share of common stock payable to shareholders of record as of May 30, 2013. The dividend will be payable June 10, 2013.

Six Flags Entertainment Corporation reported earnings results for the first quarter and twelve months ended March 31, 2013. For the quarter, the company reported total revenue of $87,521,000 against $66,358,000 a year ago. Loss from continuing operations before reorganization items, income taxes and discontinued operations was $98,692,000 against $118,210,000 a year ago. Loss from continuing operations before income taxes and discontinued operations was $98,512,000 against $118,764,000 a year ago. Loss from continuing operations before discontinued operations was 62,113,000 or $1.23 per basic and diluted share against $115,008,000 or $2.11 per basic and diluted share a year ago. Net loss applicable to common stockholders was $62,527,000 or $1.23 per basic and diluted share against $115,109,000 or $2.11 per basic and diluted share a year ago. Modified EBITDA was $37,079,000 against $46,919,000 a year ago. Adjusted EBITDA was $38,105,000 against $45,634,000 a year ago. Capital expenditures (net of property insurance recoveries) were $36,600,000 against $35,811,000 a year ago. Net debt as of March 31 was $1,267,000,000 as compared to $776 million at December 31, 2012, an increase of $491 million. For the twelve months, the company reported net income of $444,043,000 against $46,669,000 a year ago. Modified EBITDA was $426,317,000 against $382,337,000 a year ago. Adjusted EBITDA was $390,158,000 against $353,785,000 a year ago. Capital expenditures (net of property insurance recoveries) were $99,284,000 against $104,113,000 a year ago.

Six Flags Entertainment Corporation, Q1 2013 Earnings Call, Apr 22, 2013