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Six Flags Income Statement 2007 2006 2005 2004 2003 Revenue 972,780 945,665 956,757 879,586 883,089 Operating Expenses 757,617 736,248 666,832 613,648 592,555 Depreciation & Amortization 138,787 132,295 127,658 125,374 119,715 Loss on Fixed Assets 43,062 27,057 13,906 11,676 -301 Income from Operations 33,314 50,065 148,361 128,888 171,120 Other Expenses Interest Expense 199,022 199,991 183,547 191,563 213,565 Minority Interest in Earnings 39,684 40,223 39,794 37,686 35,997 Other Expenses 12,367 948 19,303 37,731 27,592 Net loss on debt extinguishment 20,122 11,560 10,877 14,356 626 Taxable Income -237,881 -202,657 -105,160 -152,448 -106,660 Income Tax Expense 6,203 4,318 3,705 24,442 -34,660 Net Income before discontinued operations -244,084 -206,975 -108,865 -176,890 -72,000 Discontinued Operations -9,075 -97,605 -2,073 -287,919 10,287 Cumulative Effect of a change in accounting principle -1,038 Net Income -253,159 -304,580 -111,976 -464,809 -61,713 Six Flags Income Statement	2007	2006	2005	2004	2003
Revenue	972,780	945,665	956,757	879,586	883,089
Operating Expenses	757,617	736,248	666,832	613,648	592,555
Depreciation & Amortization	138,787	132,295	127,658	125,374	119,715
Loss on Fixed Assets	43,062	27,057	13,906	11,676	-301
Income from Operations	33,314	50,065	148,361	128,888	171,120
Other Expenses
Interest Expense	199,022	199,991	183,547	191,563	213,565
Minority Interest in Earnings	39,684	40,223	39,794	37,686	35,997
Other Expenses	12,367	948	19,303	37,731	27,592
Net loss on debt extinguishment	20,122	11,560	10,877	14,356	626
Taxable Income	-237,881	-202,657	-105,160	-152,448	-106,660
Income Tax Expense	6,203	4,318	3,705	24,442	-34,660
Net Income before discontinued operations	-244,084	-206,975	-108,865	-176,890	-72,000
Discontinued Operations	-9,075	-97,605	-2,073	-287,919	10,287
Cumulative Effect of a change in accounting principle			-1,038
Net Income	-253,159	-304,580	-111,976	-464,809	-61,713

Balance Sheet	2007	2006	2005	2004	2003
Cash & Equivalents	28,388	24,295	80,510	67,764	96,879
Total Assets	2,945,319	3,187,616	3,491,922	3,641,031	4,681,574
Long Term Debt	2,239,073	2,126,888	2,128,756	2,125,121	2,354,194
Total Debt	2,257,788	2,240,947	2,242,357	2,149,515	2,373,205
Redeemable Minority Interests	415,350	418,145	418,951	418,951	418,951
Preferred Stock	285,623	284,497	283,371	282,245	281,119
Stockholders Equity (deficit)	-252,620	-6,213	314,259	449,216	986,972

The question is: What is a sustainable level of debt ? and what course of action you recommend?

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