SIX - Six Flags looks to be cash flow positive after Q1

Six Flags Entertainment (SIX) topped Q4 revenue estimates, but it is the update on cash flow that may be more crucial for investors. The company says it had cash on hand of $158M and $460M available under its revolving credit facility at the end of the quarter, net of $21M of letters of credit, for total liquidity of $618M. That mark compares to the $673M of liquidity at the end of Q3. The company's net cash outflow was an average of $19M per month, which was an improvement from guidance range of $25M to $30M per month. Six Flags is striving to become cash flow positive for the last nine months of 2021 after seeing an outflow of $53M to $58M per month in Q1. Six Flags is up 1.20% in premarket trading after the Q4 earnings release.

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Six Flags looks to be cash flow positive after Q1