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?