Six Flags releases 2001 Annual report

Friday, March 29, 2002 8:39 AM

For those of you that wonder why SFOG has been getting so many attractions lately should know it's because SF is obligated to. Six Flags, Inc. owns lots of parks outright, but only own a certain percentage of SFOT and SFOG. Read the following excerpt from their Annual report.

"As more fully described in "Business Six Flags Over Georgia and Six Flags White Water Atlanta" and " Six Flags Over Texas and Six Flags Hurricane Harbor," in connection with our 1998 acquisition of the former Six Flags, we guaranteed certain obligations relating to Six Flags Over Georgia and Six Flags Over Texas. These obligations continue until 2026, in the case of the Georgia park and 2027, in the case of the Texas park. Among such obligations are (i) minimum annual distributions (including rent) of approximately $51.0 million in 2002 (subject to cost of living adjustments in subsequent years) to partners in these two Partnerships Parks (of which we will be entitled to receive in 2002 approximately $16.1 million based on our present ownership of 25.3% of the Georgia partnership and 35.7% of the Texas partnership), (ii) minimum capital expenditures at each park during rolling five-year periods based generally on 6% of park revenues, and (iii) an annual offer to purchase a maximum number of 5% per year (accumulating to the extent not purchased in any given year) of limited partnership units at specified prices.

Did you see that line about minimum capital expenditures? Well, it seems that if these parks continue to make money, they will continue to receive new attractions. And they are obligated for those attractions until 2026 for SFOT and 2027 for SFOG.

What does this mean? Visit those parks and they will continue to grow!

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Friday, March 29, 2002 8:55 AM
interesting, its nice to see that two of the best SF parks will be rewarded generously and the enthusiasts will be rewarded, too. It still is unreasonabl;e to think that both parks will expand at a constant rate that would require the construction of a new coaster every year. Although it is a nice incentive for enthusiasts, "If you spend $200 at the park, we'll thrown in a free coaster for next year";)

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Friday, March 29, 2002 9:32 AM
Does it refer to minimum expenditures at those two parks or all parks excluding those two?

*** This post was edited by BATWING FAN SFA on 3/29/2002. ***

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Friday, March 29, 2002 10:07 AM
Let's just remember here, folks, that it does not mean a new coaster every time a new attraction is planned.

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2002 - the year of IB's LoCoSuMo!!

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Friday, March 29, 2002 10:19 AM

Thank goodness Mamoosh.

Another roller coaster is the last thing SFOT needs for a while, we can ride the wave of Titan for at least another year if we have to :)

What we really need (BADLY!) are Flat Rides. Argh! :)

..and of course a new Film in our Turboride Theater..Space Shuttle America is NOT gunna cut it. But hey, at least I get my Mr. Freeze the way it always needed to be :)

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Titan Laps: 195
2002 SFOT Visits: 7

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Friday, March 29, 2002 10:25 AM
Xander - I hear ya...the Mountain is in desperate need of flats, too.

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2002 - the year of IB's LoCoSuMo!!

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Friday, March 29, 2002 10:28 AM

Question for those who play amusement park stocks:

How many shares/units must one purchase to get on the mailing list for their annual reports and other shareholder mailings?

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David Bowers
Mayor, Coasterville

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Friday, March 29, 2002 10:49 AM

Coasterville Dave said:

Question for those who play amusement park stocks:

How many shares/units must one purchase to get on the mailing list for their annual reports and other shareholder mailings?

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David Bowers
Mayor, Coasterville



Pretty much anyone can request an annual report from either Six Flags, Inc. or Cedair Fair. Go to their websites, and look for an investors page. There you can request annual reports. I requested a Cedar Fair annual report and received it in less than 10 days.

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Friday, March 29, 2002 12:42 PM
I believe that any publicly-traded corporation is required to make available any and all information to those who have invested in the company (whether it be one share of stock or one million shares) as well as those who are interested in investing. However, I graduated college a few years ago and didn't remember too much then, so who knows how much I actually remember now!
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Friday, March 29, 2002 1:07 PM
YES! This is VERY good news for me since I live in Ga. I am glad SF is doing something good for the south. I guess some rumor about if S:UF does good in 2002 then SFOG will get a coaster even bigger may come true........ I think I will be visiting SFOG alot of times from now to 2026......

*** This post was edited by edh101985 on 3/29/2002. ***

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Friday, March 29, 2002 1:11 PM
Wait a minute...you've got the years backwards. SFOT is til 2027 and SFOG is til 2026.
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Friday, March 29, 2002 1:53 PM
How come the 2001 Annual Report isn't on their site yet? Also, I have searched the SF Investors website and I can't find out where to get the mailings.

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SFNE drops the "floor" on SFNE for 2002! Visit my new site, www.geocities.com/sfneguide for some great pics of SFNE and lots of other info.!!!

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Saturday, March 30, 2002 7:49 AM
I found the report on Yahoo!.
http://biz.yahoo.com/e/020329/pks.html
cut and paste the link.

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02 parks: SFFT, SWSA, VL, and SFOG!

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Monday, April 1, 2002 8:54 AM

The Shy One said:
Wait a minute...you've got the years backwards. SFOT is til 2027 and SFOG is til 2026.


My bad... I read the paragraph wrong.. anyways.. a long time!..hehehehe

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