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Financial Statements of Park America & Six Flags

In: Business and Management

Submitted By timben471
Words 296
Pages 2
Tim Bennett
Financial Evaluation
October 19, 2013

I have chosen to analyze two amusement parks; Six Flags Entertainment Corporation and Parks America, Incorporated.

The financial statements of Six Flags Entertainment Corporation and Parks America, Incorporated to better understand the key financial ratios of each entity. The statements were also reviewed to identify the financial strengths and weakness of each company.

These two companies operate as theme and recreation parks. The fiscal year end dates for these two companies differ therefore the fiscal year for 2011 and 2012 were analyzed when comparing the respective financial ratios.

Six Flags Entertainment Corporation is traded under the ticker symbol: SIX. Parks America, Incorporated is traded ticker symbol: PRKA.

The cash flow statements reveals Parks America, Incorporated’s operating activities decrease from $ 648,908 Million in 2011 to $ 529, 372 Million in 2012, due to the increase activity such as inventory and prepaid expenses. Parks America invested more in 2012 than 2011, their major investment is in property and equipment. They had no sales of property but capitalized on loans fees in 2012. Parks America paid off debt in the amount of $251,304 Million.

The cash flow statements for Six Flag Entertainment operating activities increased from $ 274,937 Million in 2011 to $ 371,362 Million in 2012 due to increase in current assets, accounts payable and accrued expenses. The sale from the proceeds of an investment and other assets decreased financing activities’ to decline from $ 88,528 Million in 2011 to $27, 657 Million in 2012. Six Flags Entertainment Corporation acquired more debt in 2012 to finance their business activity. They repurchased more preferred and common stock back from the stock market in 2012. Six Flags Entertainment has made dividends payments to its stock holder…...

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