YOLFTbeta
Six Flags Entertainment Corporation

Six Flags Entertainment Corporation

FUN · NYSE · Consumer Cyclical / Leisure

11.55USD+0.36 (+3.22%)

Price History

Full chart

Market Stats

Previous Close11.19
Open11.30
Day Range11.16 – 11.59
52-Week Range12.00 – 27.37
Volume3.34M
Market Cap1.27B
P/E (TTM)0.00
Forward P/E51.55
EPS-17.31
Dividend Yield0.00%
Beta0.37
50-Day Avg15.78
200-Day Avg17.64

About

Six Flags Entertainment Corporation operates amusement parks and resort properties in North America. It operates amusement parks, water parks, and resorts in the United States, Mexico, and Canada. The company was formerly known as Cedar Fair, L.P. and changed its name to Six Flags Entertainment Corporation in July 2024. The company was founded in 1983 and is headquartered in Charlotte, North Carolina.

Company Details

  • SectorConsumer Cyclical
  • IndustryLeisure
  • CEOMr. John T. Reilly
  • Employees4.22K
  • Headquarters8701 Red Oak Boulevard, Charlotte, NC, United States, 28217, USA
  • Websitehttps://www.sixflags.com

Leadership

  • Mr. John T. ReillyCEO, President & Director · b. 1969
  • Mr. Tim V. FisherSpecial Advisor · b. 1961
  • Mr. Richard M. HaddrillExecutive Chairman · b. 1953
  • Mr. Ashok WaliaChief Financial Officer · b. 1964
  • Mr. Mark PaulsChief Operating Officer · b. 1963
  • Mr. David R. HoffmanChief Accounting Officer · b. 1969
  • Mr. Ty TastepeChief Digital & Technology Officer · b. 1964
  • Mr. Michael RussellCorporate Director of Investor Relations
  • Mr. Christopher L. Bennett Esq.Chief Legal & Compliance Officer and Secretary · b. 1970
  • Mr. Scott TannerCorporate Vice President of Sales - Cedar Fair Management Co.

Financials

Income Statement

Currency: USD1987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue102.80M103.20M120.00M122.00M128.00M153.00M178.90M198.40M218.20M250.50M264.10M419.50M438.00M472.92M477.26M502.85M509.98M541.97M568.71M831.39M986.97M996.23M916.08M977.59M1.03B1.07B1.13B1.16B1.24B1.29B1.32B1.35B1.47B181.56M1.34B1.82B1.80B2.71B3.10B
Growth (%)-+0.39%+16.28%+1.67%+4.92%+19.53%+16.93%+10.90%+9.98%+14.80%+5.43%+58.84%+4.41%+7.97%+0.92%+5.36%+1.42%+6.27%+4.93%+46.19%+18.71%+0.94%-8.05%+6.72%+5.20%+3.89%+6.19%+2.21%+6.57%+4.28%+2.58%+2.01%+9.37%-87.69%+637.09%+35.81%-1.03%+50.61%+14.45%
Cost of Revenue51.50M51.00M56.50M57.50M60.10M74.00M85.90M94.00M103.70M121.40M134.80M226.90M235.30M255.44M264.26M269.52M269.61M298.78M301.25M420.47M511.68M90.63M487.67M498.02M522.91M95.05M91.77M95.21M104.83M106.61M110.81M114.73M126.26M27.99M112.47M164.25M1.02B232.56M2.48B
Gross Profit51.30M52.20M63.50M64.50M67.90M79.00M93.00M104.40M114.50M129.10M129.30M192.60M202.70M217.48M213.00M233.33M240.37M243.19M267.46M410.92M475.29M905.61M428.41M479.57M505.56M973.41M1.04B1.06B1.13B1.18B1.21B1.23B1.35B153.56M1.23B1.65B778.68M2.48B623.95M
Gross Margin49.90%50.58%52.92%52.87%53.05%51.63%51.98%52.62%52.47%51.54%48.96%45.91%46.28%45.99%44.63%46.40%47.13%44.87%47.03%49.43%48.16%90.90%46.77%49.06%49.16%91.10%91.91%91.79%91.52%91.73%91.62%91.49%91.44%84.58%91.60%90.96%43.29%91.42%20.13%
Operating Expense21.20M22.00M23.90M24.10M25.40M29.80M35.60M36.30M41.50M48.10M53.00M80.00M86.00M94.14M114.44M112.14M115.22M125.36M130.14M191.43M320.72M771.68M242.86M325.84M266.80M740.76M741.04M786.07M835.62M865.17M915.95M943.28M1.04B725.57M1.08B1.13B472.52M2.17B345.92M
Operating Income30.10M30.20M39.60M40.40M42.50M49.20M57.40M68.10M73.00M81.00M76.30M112.60M116.70M123.34M98.56M121.19M125.15M117.83M137.32M219.50M154.57M133.92M185.54M153.73M238.77M232.64M301.76M278.33M295.33M316.94M295.21M290.52M309.44M-572.01M148.34M519.94M306.16M310.51M278.03M
Operating Margin29.28%29.26%33.00%33.11%33.20%32.16%32.08%34.32%33.46%32.34%28.89%26.84%26.64%26.08%20.65%24.10%24.54%21.74%24.15%26.40%15.66%13.44%20.25%15.73%23.22%21.77%26.60%24.00%23.90%24.59%22.33%21.54%20.98%-315.06%11.08%28.61%17.02%11.46%8.97%
EBITDA38.90M39.30M48.80M50.10M52.80M61.60M71.90M83.10M89.70M100.10M97.80M144.70M151.80M155.09M141.04M162.87M169.84M168.52M192.63M314.84M339.36M260.17M258.09M248.76M361.96M358.51M418.04M411.45M441.83M464.85M455.41M402.61M485.97M-419.94M304.35M673.25M472.37M587.06M-867.11M
EBITDA Margin37.84%38.08%40.67%41.07%41.25%40.26%40.19%41.89%41.11%39.96%37.03%34.49%34.66%32.79%29.55%32.39%33.30%31.09%33.87%37.87%34.38%26.12%28.17%25.45%35.19%33.55%36.85%35.48%35.75%36.07%34.45%29.86%32.95%-231.30%22.74%37.05%26.26%21.67%-27.97%
Net Income12.80M22.60M31.60M33.20M36.00M42.90M61.90M62.80M66.10M74.20M68.50M83.40M85.80M77.81M57.89M71.42M85.89M78.31M160.85M87.48M-4.49M5.71M35.43M-31.57M144.32M101.22M108.20M104.22M112.22M177.69M215.48M126.65M172.37M-590.24M-48.52M307.67M124.56M-231.16M-1.60B
Net Income Margin12.45%21.90%26.33%27.21%28.13%28.04%34.60%31.65%30.29%29.62%25.94%19.88%19.59%16.45%12.13%14.20%16.84%14.45%28.28%10.52%-0.46%0.57%3.87%-3.23%14.03%9.47%9.54%8.99%9.08%13.79%16.30%9.39%11.69%-325.10%-3.63%16.93%6.93%-8.53%-51.58%
R&D-----------------------000000000-------
R&D as % of Total Revenue-----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense000000000000004.50K000088.29M145.57M129.56M124.71M150.28M157.19M110.62M103.07M96.29M86.85M83.86M85.60M85.69M100.36M150.67M184.03M148.32M141.77M234.77M359.96M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%10.62%14.75%13.01%13.61%15.37%15.28%10.35%9.08%8.30%7.03%6.51%6.48%6.35%6.80%82.99%13.75%8.16%7.88%8.67%11.61%

Balance Sheet

Currency: USD1987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets136.80M135.40M136.00M141.70M142.50M209.50M218.40M224.00M274.70M304.10M599.60M631.30M709.00M764.14M810.23M822.26M819.34M993.21M1.02B2.51B2.42B2.19B2.15B2.08B2.07B2.03B2.01B2.04B1.99B1.97B2.06B2.02B2.61B2.74B2.35B2.28B2.24B9.13B7.80B
Total Liabilities95.30M94.40M88.60M89.90M87.40M128.20M118.40M108.90M123.20M134.10M262.40M289.30M359.00M433.55M501.98M516.94M510.45M622.73M590.56M2.10B2.13B2.08B2.02B1.95B1.92B1.87B1.88B1.94B1.94B1.91B1.98B1.99B2.62B3.41B3.04B2.87B2.82B6.85B7.01B
Total Equity41.50M41.00M47.40M51.80M55.10M81.30M100.00M115.10M151.50M170.00M285.40M342.00M350.00M330.59M308.25M305.32M308.89M370.48M434.23M410.62M285.09M-105.81M-87.28M137.14M434.18M362.86M139.13M96.22M304.12M2.94M82.95M21.28M-15.26M-671.72M-703.77M-596.89M-582.96M2.04B549.76M
Cash400.00K200.00K500.00K100.00K200.00K100.00K200.00K400.00K100.00K1.30M2.50M1.10M600.00K2.39M2.28M2.17M2.19M3.35M4.42M30.20M5.50M13.87M11.93M9.77M35.52M78.83M118.06M131.84M119.56M122.72M166.25M105.35M182.25M376.74M61.12M101.19M65.49M83.17M91.13M
Total Debt79.60M77.90M71.10M69.90M65.90M89.70M86.80M71.40M80.00M87.60M189.80M200.40M261.20M338.55M383.00M375.15M368.65M462.08M470.85M1.78B1.75B1.72B1.63B1.69B1.56B1.53B1.54B1.66B1.56B1.54B1.70B1.66B2.17B2.97B2.53B2.36B2.36B5.16B5.40B
Net Debt79.20M77.70M70.60M69.80M65.70M89.60M86.60M71.00M79.90M86.30M187.30M199.30M260.60M336.16M380.72M372.98M366.45M458.73M466.43M1.75B1.75B1.71B1.61B1.57B1.52B1.45B1.40B1.43B1.44B1.41B1.49B1.56B1.98B2.59B2.47B2.26B2.30B5.08B5.31B

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow41.00M43.70M46.30M56.00M69.20M81.10M84.60M94.20M96.50M128.90M124.00M114.12M124.97M146.47M134.92M148.16M160.55M166.42M181.71M215.59M185.20M182.12M218.18M285.93M324.46M337.10M342.22M357.43M331.18M350.74M403.04M-416.54M201.23M407.67M325.68M373.41M327.47M
Investing Cash Flow-9.60M-15.20M-10.30M-65.00M-23.80M-19.20M-64.40M-46.10M-296.40M-68.10M-109.40M-93.49M-84.72M-55.28M-39.79M-220.15M-75.66M-1.31B-78.52M-77.05M-15.30M-71.71M-90.19M-80.17M-105.15M-165.34M-177.87M-161.23M-184.87M-189.70M-600.22M-120.82M-57.78M126.65M-220.42M-472.62M-487.46M
Financing Cash Flow-31.10M-29.00M-35.80M8.90M-45.30M-61.70M-20.40M-46.90M201.10M-62.30M-15.10M-18.88M-40.37M-91.30M-95.11M73.14M-83.83M1.17B-127.89M-127.64M-173.28M-112.70M-100.72M-162.98M-178.33M-155.24M-174.20M-193.60M-106.42M-216.57M270.47M730.85M-466.43M-489.55M-143.00M117.97M163.20M
Capital Expenditure9.80M15.20M10.30M67.10M23.80M19.20M28.50M30.20M306.70M68.10M109.40M93.49M85.07M55.28M39.79M75.88M75.66M59.46M78.52M83.48M69.14M71.71M90.19M96.23M120.45M166.72M175.87M161.23M188.15M189.82M330.66M129.09M59.18M183.35M220.42M320.82M479.67M
Free Cash Flow31.20M28.50M36.00M-11.10M45.40M61.90M56.10M64.00M-210.20M60.80M14.60M20.63M39.90M91.19M95.13M72.28M84.89M106.97M103.19M132.11M116.06M110.41M127.99M189.70M204.01M170.38M166.35M196.19M143.03M160.92M72.38M-545.62M142.04M224.32M105.25M52.59M-152.20M
Dividends Paid24.30M27.80M31.80M36.00M42.40M46.30M51.20M54.50M58.30M65.40M72.50M77.52M80.16M83.45M88.14M92.15M98.12M100.83M102.69M105.08M67.86M43.26M55.35M88.81M143.46M159.43M172.61M187.18M194.76M203.20M210.01M53.02M33.45M33.45M61.11M30.76M0
FCF to OCF76.10%65.22%77.75%-19.82%65.61%76.33%66.31%67.94%-217.82%47.17%11.77%18.08%31.93%62.26%70.51%48.79%52.88%64.27%56.79%61.28%62.67%60.63%58.66%66.34%62.88%50.54%48.61%54.89%43.19%45.88%17.96%130.99%70.59%55.02%32.32%14.08%-46.48%
Dividend Paid to FCF77.88%97.54%88.33%-324.32%93.39%74.80%91.27%85.16%-27.74%107.57%496.58%375.75%200.92%91.51%92.65%127.49%115.58%94.26%99.52%79.54%58.47%39.19%43.24%46.82%70.32%93.57%103.76%95.41%136.17%126.27%290.15%-9.72%23.55%14.91%58.06%58.49%0.00%

Earnings

Report DateMay 10, 1996Aug 12, 1996Nov 11, 1996Jan 27, 1997May 9, 1997Aug 7, 1997Nov 11, 1997Feb 2, 1998May 12, 1998Aug 10, 1998Nov 10, 1998Feb 4, 1999May 11, 1999Aug 4, 1999Nov 9, 1999Feb 1, 2000May 5, 2000Aug 4, 2000Nov 6, 2000Feb 1, 2001May 7, 2001Aug 2, 2001Nov 8, 2001Feb 4, 2002May 13, 2002Aug 8, 2002Nov 11, 2002Feb 6, 2003May 1, 2003Aug 5, 2003Nov 6, 2003Feb 5, 2004May 4, 2004Aug 2, 2004Nov 4, 2004Mar 15, 2005May 5, 2005Aug 1, 2005Oct 31, 2005Feb 10, 2006May 1, 2006Jul 31, 2006Oct 31, 2006Feb 8, 2007May 3, 2007Jul 31, 2007Nov 6, 2007Feb 7, 2008May 6, 2008Aug 5, 2008Nov 6, 2008Feb 12, 2009May 5, 2009Aug 4, 2009Nov 3, 2009Feb 11, 2010May 6, 2010Aug 3, 2010Nov 2, 2010Feb 15, 2011May 5, 2011Aug 3, 2011Nov 3, 2011Feb 21, 2012May 3, 2012Aug 9, 2012Nov 6, 2012Feb 19, 2013May 8, 2013Aug 8, 2013Nov 7, 2013Feb 20, 2014May 8, 2014Aug 5, 2014Nov 6, 2014Feb 19, 2015Apr 29, 2015Aug 4, 2015Nov 5, 2015Feb 17, 2016May 4, 2016Aug 3, 2016Nov 2, 2016Feb 15, 2017May 3, 2017Aug 2, 2017Nov 2, 2017Feb 14, 2018May 2, 2018Aug 1, 2018Oct 30, 2018Feb 13, 2019May 8, 2019Aug 7, 2019Nov 6, 2019Feb 19, 2020May 6, 2020Aug 5, 2020Nov 4, 2020Feb 17, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 16, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 16, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 15, 2024May 9, 2024Aug 8, 2024Nov 6, 2024Feb 13, 2025May 8, 2025Aug 6, 2025Nov 7, 2025Feb 19, 2026May 7, 2026Aug 6, 2026Nov 6, 2026
EPS Estimate-0.290.311.88-0.30-0.340.391.88-0.29-0.350.371.83-0.19-0.430.441.87-0.14-0.410.361.98-0.13-0.500.412.01-0.17-0.510.442.00-0.33-0.580.452.01-0.19-0.600.402.17-0.29-0.600.331.74-0.14-0.450.312.73-0.69-1.310.062.44-0.07-0.940.102.36-0.09-0.870.301.94--0.880.141.67-0.29-0.810.152.88-0.15-0.980.402.92-0.03-1.200.842.90-0.08-1.161.143.22-0.08-1.281.023.53-0.09-1.131.063.520.02-1.091.073.230.24-1.380.893.190.22-1.470.903.460.13-1.72-2.17-1.85-1.97-1.82-1.581.99-0.45-1.941.433.87-0.17-1.831.063.750.25-2.461.073.440.40-2.460.782.09-0.23-2.700.291.80
EPS Actual-0.340.421.80-0.28-0.360.311.81-0.28-0.440.371.94-0.18-0.410.371.83-0.15-0.510.361.83-0.17-0.600.202.10-0.32-0.600.132.01-0.26-0.620.332.16-0.21-0.590.252.16-0.26-0.390.221.810.04-0.490.202.42-0.56-1.020.101.980.12-0.810.311.71-0.43-0.970.131.69-0.17-0.530.091.65-0.49-1.520.112.950.02-1.320.772.64-0.15-1.361.033.22-0.22-1.260.983.25-0.23-1.020.923.43-0.18-1.060.973.26-0.12-1.170.833.051.30-1.500.523.600.31-1.511.143.460.11-3.83-2.33-2.41-1.86-1.95-1.042.60-0.48-1.560.895.860.26-2.611.044.210.16-2.431.722.13-2.63-2.04-0.703.07-0.58-2.090.14-
Surprise-17.24%35.48%-4.26%6.67%-5.88%-20.51%-3.72%3.45%-25.71%0.00%6.01%5.26%4.65%-15.91%-2.14%-7.14%-24.39%0.00%-7.58%-30.77%-20.00%-51.22%4.48%-88.24%-17.65%-70.45%0.50%21.21%-6.90%-26.67%7.46%-10.53%1.67%-37.50%-0.46%10.34%35.00%-33.33%4.02%128.57%-8.89%-35.48%-11.36%18.84%22.14%66.67%-18.85%271.43%13.83%210.00%-27.54%-377.78%-11.49%-56.67%-12.89%-39.77%-35.71%-1.20%-68.97%-87.65%-26.67%2.43%113.33%-34.69%92.50%-9.59%-400.00%-13.33%22.62%11.03%-175.00%-8.62%-14.04%0.93%-187.50%20.31%-9.80%-2.83%-100.00%6.19%-8.49%-7.39%-700.00%-7.34%-22.43%-5.57%441.67%-8.70%-41.57%12.85%40.91%-2.72%26.67%0.00%-15.38%-122.67%-7.37%-30.27%5.58%-7.14%34.18%30.65%-6.67%19.59%-37.76%51.42%252.94%-42.62%-1.89%12.27%-36.00%1.22%60.75%-38.08%-753.15%17.07%-189.74%46.89%-152.17%22.59%-51.72%-
Timing----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market--------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market-

Key Statistics & Ratios

Market Cap1.27B
Enterprise Value6.29B
Trailing P/E0.00
Forward P/E51.55
PEG Ratio2.43
Price / Sales0.41
Price / Book11.09
EPS-17.31
Book Value1.12
Revenue (TTM)3.06B
Gross Profit (TTM)1.17B
EBITDA793.82M
Profit Margin-57.25%
Operating Margin12.99%
Return on Equity-143.16%
Return on Assets2.44%
Shares Outstanding102.32M
Shares Float86.67M
Beta0.37
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 14 analystsTarget 20.69
  • Strong Buy
    10
  • Buy
    2
  • Hold
    1
  • Sell
    1

Ownership Breakdown

Institutions
108.01%
Insiders
2.84%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    15.16M14.82%
  • UBS Group AG
    9.11M8.91%
  • Darlington Partners Capital Management, LP
    7.70M7.53%
  • Morgan Stanley - Brokerage Accounts
    5.92M5.79%
  • Vanguard Portfolio Management, LLC
    5.14M5.02%
  • Sachem Head Capital Management LP
    5.03M4.92%
  • DENDUR CAPITAL LP
    4.95M4.84%
  • H PARTNERS MANAGEMENT, LLC
    4.90M4.79%
  • Vanguard Capital Management, LLC
    4.21M4.11%
  • Jana Partners Management LP
    4.12M4.02%
  • State Street Corp
    3.68M3.60%
  • Ameriprise Financial Inc
    3.40M3.32%
  • The Goldman Sachs Group Inc
    2.98M2.91%
  • Hawk Ridge Management LLC
    2.81M2.75%
  • Geode Capital Management, LLC
    2.36M2.31%
  • Glenview Capital Management LLC
    2.02M1.97%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    6.23M6.09%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.92M2.85%
  • iShares Russell 2000 ETF
    2.48M2.43%
  • Vanguard Small Cap Index
    2.12M2.07%

Dividends

20243×
1.53Jun 28, 20240.30Jun 5, 20240.30Mar 5, 2024
20234×
0.30Dec 5, 20230.30Sep 5, 20230.30Jun 6, 20230.30Mar 6, 2023
20222×
0.30Nov 30, 20220.30Aug 30, 2022
20201×
0.94Mar 3, 2020
20194×
0.94Dec 3, 20190.93Sep 3, 20190.93Jun 3, 20190.93Mar 8, 2019
20184×
0.93Dec 3, 20180.89Sep 4, 20180.89Jun 1, 20180.89Mar 8, 2018
20174×
0.89Dec 1, 20170.85Sep 1, 20170.85Jun 1, 20170.85Mar 1, 2017
20162×
0.85Dec 1, 20160.82Sep 1, 2016

Stock Splits

  • Nov 18, 19972:1