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Six Flags Entertainment cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$254M in Q3 2026 · $148M over twelve months

Operating cash flow$346M
Capital spending−$91.7M
Free cash flow+$254M
Cash conversion cycle-55 days

Analysis

In Q3 2026, Six Flags Entertainment generated $346M of operating cash flow and spent $91.7M on capital projects, leaving free cash flow of $254M.

Over the twelve months to Sep 27, 2026, operating cash flow was $461M; the largest uses were capital spending ($313M), net borrowing (+) / repaid (−) ($127M), partners ($57.5M); besides operations, cash came from other investing ($258M); the cash balance rose by $197M.

Operating cash flow was $346M against net income of −$341M. The largest differences: impairments +$679M, depreciation & amortization +$102M, deferred revenue −$99.9M.

Its cash conversion cycle was -55 days (receivables 12 + inventory 72 − payables 139): suppliers fund its working capital.

Free cash flow

Six Flags Entertainment: free cash flow by quarterSix Flags Entertainment: free cash flow by quarter−$126MQ4 2024−$318MQ1 2025$18.8MQ2 2025$256MQ3 2025−$109MQ4 2025−$137MQ1 2026$140MQ2 2026$254MQ3 2026
Operating cash flow less capital spending.
Six Flags Entertainment: operating cash flow against capital spendingSix Flags Entertainment: operating cash flow against capital spendingOperating cash flowCapital spending−$32.6M$93.2MQ4 2024−$178M$140MQ1 2025$187M$168MQ2 2025$356M$100MQ3 2025−$37.7M$71.6MQ4 2025−$83.2M$54.0MQ1 2026$236M$95.5MQ2 2026$346M$91.7MQ3 2026
Latest (Q3 2026): Operating cash flow $346M, Capital spending $91.7M.

Capital allocation, year by year

Six Flags Entertainment: where the cash came from (up) and went (down), by fiscal yearSix Flags Entertainment: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksFY2022: Operating cash flow $408MFY2022: Net borrowing −$264MFY2022: Capital spending −$183M$408MFY2022FY2023: Operating cash flow $326MFY2023: Capital spending −$220MFY2023: Buybacks −$74.5M$326MFY2023FY2024: Operating cash flow $373MFY2024: Net borrowing $1.6BFY2024: Capital spending −$321MFY2024: Acquisitions −$152M$2.0BFY2024FY2025: Operating cash flow $327MFY2025: Net borrowing $443MFY2025: Capital spending −$480M$771MFY2025
Over these 4 years operating cash flow totalled $1.4B; the largest uses were capital spending ($1.2B) and net borrowing ($264M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$268M
Debt$4.9B
Net debt$4.6B
Due within a year$15.0M

Six Flags Entertainment funds itself: free cash flow was $148M over the last twelve months, and $268M of cash and investments stands against $4.9B of debt ($15.0M due within a year, 17.8× covered by cash).

Where the cash came from and went

Six Flags Entertainment: sources (+) and uses (−) of cash, Q3 2026Six Flags Entertainment: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$346MCash drawn (+) / kept (−)−$133MNet borrowing (+) / repaid (−)−$93.8MCapital spending−$91.7MOther financing−$25.2MExchange rates−$1.5MAsset & business sales−$137KTaxes on employees’ shares−$120K
Six Flags Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Six Flags Entertainment: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$461MCapital spending−$313MOther investing$258MCash drawn (+) / kept (−)−$197MNet borrowing (+) / repaid (−)−$127MPartners−$57.5MOther financing−$18.8MTaxes on employees’ shares−$11.0MExchange rates$5.8M

From profit to cash

Six Flags Entertainment: net income to operating cash flow, Q3 2026Six Flags Entertainment: net income to operating cash flow, Q3 2026Net income−$341MDepreciation & amortization$102MStock-based pay$8.6MDeferred taxes−$66.6MImpairments$679MGains on disposals$2.8MInventory$8.6MPayables−$42.6MDeferred revenue−$99.9MPrepaid and other assets$21.9MOther liabilities−$8.5MOperating cash flow$346M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20261272139-55
Q2 20261692174-67
Q1 202657289391-45
Q4 202526129161-6
Q3 20251375114-26
Q2 202514103163-46
Q1 202551321486-114
Q4 202422129183-31

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$346M−$91.7M—−$93.8M−$133M$254M
Q2 2026$236M−$95.5M—−$367M−$18.0M$140M
Q1 2026−$83.2M−$54.0M—$185M−$25.4M−$137M
Q4 2025−$37.7M−$71.6M—$152M−$20.5M−$109M
Q3 2025$356M−$100M—−$264M$36.7M$256M
Q2 2025$187M−$168M—−$707M−$45.9M$18.8M
Q1 2025−$178M−$140M—$311M$21.7M−$318M
Q4 2024−$32.6M−$93.2M−$712K$313M$6.5M−$126M

Six Flags Entertainment: income statement and cash flow

Six Flags Entertainment, Q3 2026: revenue $1.2B (-11% year over year), operating margin -25.6%. The chart follows the revenue to costs, profit and cash.

Six Flags Entertainment: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.