Posted on 04/09/2026 1:00:19 PM PDT by BenLurkin
Magic Mountain is worth $533 million less than Six Flags Entertainment Corp. previously thought, part of a broader reassessment that wiped out more than $1.5 billion in value across the company’s portfolio.
The write-down was disclosed in the company’s latest financial filing and reflects what accountants call a “goodwill and intangible asset impairment.”
...
That’s what happened here. The formal accounting test found that the assets were overstated.
Magic Mountain alone saw $533 million removed from the books. Other major parks, including Six Flags Great America ($192.8 million), Six Flags Over Georgia ($187.9 million), Six Flags Fiesta Texas ($103.8 million), Six Flags Great Adventure ($97.4 million), Six Flags Mexico ($89.3 million), Six Flags Over Texas ($86.8 million) and Schlitterbahn ($50.7 million) saw reductions.
The result was more than $1.5 billion in non-cash write-downs.
However, the “non-cash” phrase means that “no money left the bank, no gates closed, no rides stopped spinning. This is purely an accounting adjustment, a reset to align the books with reality,”
(Excerpt) Read more at ktla.com ...
Fun times has a steep price...
Better call Fanny Willis.
Moral of the story is to throw out all intangible assets from the balance sheet if you’re thinking of lending a company money.
I went there opening day way back when, haven’t been there in 20 years though. Been there at least 100 times over the years.
I enjoy Six Flags and drop into a park, when it’s open and I can spare the time.
lower assessment = lower taxes?
Children and Travis Kelce hardest hit.
I got to work at Magic Mountain back in the late 70s.
It was so much fun. After work parties.
I did two Summers.
I got to ride colossus before it opened to the public.
The memories.
Six Flags is likely going to destroy Cedar Point, since they acquired it via “merger” in 2024
If you go to six flags over Georgia, you risk your life.
“If you go to six flags over Georgia, you risk your life.”
I hear they have a ‘very diverse’ clientele.
Not really. Urban African mostly.
“Not really. Urban African mostly.”
Can’t be more diverse than that.
Chicago one is dangerous to go to while white.
I am glad that I aged out of Amusement Parks a number of years ago...
2 women suffer life-threatening brain injuries after riding famous Six Flags coaster, report says
VALENCIA, Calif. (Gray News) — Two women suffered catastrophic brain injuries on a Six Flags roller coaster this summer, according to a new investigation from CNN.
The injuries reportedly occurred on the X2 roller coaster at Six Flags Magic Mountain in Valencia, California.
X2 is known for its extreme thrills, featuring seats that rotate independently, flipping riders head over heels in unpredictable sequences. The ride is widely regarded as one of the most intense roller coasters in the world.
But according to CNN, in the span of less than a week this July, two riders suffered life-threatening brain hemorrhages that resulted in emergency surgery.
Bad depreciation schedules probably.
They credit the asset and debit depreciation expense.
Obviously it wasn’t done correctly in the past.
Been there a few times when I lived in Ventura in the 60s. Before Six Flags took over.
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