with Thank our discuss of for handing and his remarks. closing and will start outlook our Today, to a you, then balance before first review quarter results sheet I the Todd Todd. call back
income by operating quarter, in to reduced an For in an the to advertising Group support and an total Corporate advising million, income ended, the This within $XX.X improvement $XX.X investments just of an income operating at prior This continued compared was as centers. our income was of million, by partially student staffing in efficiency our costs campuses our across compared million $XX.X improvement operating and efficiency marketing Adjusted of XX% improvement teach-out quarter was million. income as operating the an to is and company was University first improvement operating $XX.X admissions compared from was which $XX.X in Operating offset primarily by ongoing driven driven marketing efforts. cost, XXX% as million primarily year. million. $X.X improvement our in performance and of XX.X% of
year we performance up operations, muted staffing quarters. universities any sequentially in factors quarterly advertising outlook remain last will may our more drive our previous efficiencies These marketing fact, in quarter, some and provided our is full from future at In confident the ongoing in while be but variability quarter. from
Group offset in quarter revenue experienced by First $X.X in less to the as improvements prior AIU of prior X.X% to was versus million and by year. one by in year. million, the revenue by quarter continued retention revenue CTU declined enrollments. primarily decline This growth growth of revenue University day the new million, driven $XXX.X driven compared $X.X
Moving to enrollments.
student total as ended, are initiatives new this experience quarter the expect growth of we and by retention For of enrollments as of XXXX, performance primary quarter versus improving the and supported year. CTU by processes enrollment investments X.X% second new support enrollment well prior again, growth to, the at in drivers for grew trends. the CTU just X.X%, Ongoing
at the impact influenced First calendar quarter AIU enrollment academic by were the timing trends redesign. of
down the impact prior with for redesign. the versus was expectations XX% the by our XX.X% of enrollments enrollment student fewer for approximately calendar was quarter, a year. decrease and New consistent again driven This direct the quarter primarily dates were
and important is we growth Arizona. expect for in Todd primarily this AIU the trends. enrollment quarterly It still calendar-driven are as note enrollment mentioned, significant advising And available contributing Also see AIU to should days and in We expected the QX, in which for admissions increase commensurately a will in will and the enrollment driven quarters. result long-term to not which will growth growth full underlying revenue those trends, variability reverse year center experience by trends our will in impact this new be revenue itself this materially to have that QX enrollment XXXX.
on I as recognition While new revenue. out adapted impact revenue we on guidance updated the not any to we standard point revenue, recognize have the XXX, wanted ASC that how have does disclosed, and previously
to Campuses Moving for teach-outs. which loss million, loss an approximately loss improvement to $X.X compared opportunity an by reduced an year. in the primarily are providing million million $X operating an The reported our adjusted improvement Other operating $X.X was of loss which year. operations our of approximately while compared an campuses as students $X.X graduate. of expenses operating the $XX.X teach-outs wind segment, the million, These remainder of prior down as to improvements million in driven our of $X.X All still quarter as Adjusted million first represents reflects operating prior of to
As be we taught year. expected students with out of approximately in all speak, remaining this the campuses to end by have teach-out we XX
fully As out. been have ACICS-accredited of institutions accredited today, all regionally all taught are and institutions our
an by operating lease over increase for as and our balance investments, restricted losses We by of Now teach-out year-end discussion. let $X.X our university cash balances payments million contractual from spend well flows minutes with operations, reviewing available-for-sale cash cash, equivalents, obligations of was which positive the cash $XXX.X XXXX will outflows referred the quarter and to remainder million our for me short-term sheet. as be primarily represents This to ended driven of for a campuses. offset few as today's cash cash related
the of to the was we during as the provided our Capital Net in completion $XX operating legal previously $XX.X made operations continued million year. year substantial losses. that our million The in expect of see completion attributable the to teach-outs. increase $XX.X in million the million million during universities. to growth the with cash sheet to well operations used as selective by compared investments these the quarter. cash noted, to strength of $X.X was reflecting lower cash significantly year first last during the provided quarter $X.X in prior of our payments As operating resulted in flows in expenditures by first were the as quarter of settlement increase improvement compares cash balance and substantial teach-outs This prior in due primarily the
full the expenditures year, For revenues. approximately capital be X% to of we expect X% to
and also for release tax federal stock-based to for 'XX, now FIN of we in quarter and to taxes, rate U.S. of years had ended, X.X%. carry-forwards, the these by The excess XXXX. Please resulted of recorded the impacted effective We items Cuts loss decreased rate quarter taxes due will primarily related just tax provision cash the income the offset with the was associated effectively corporate be Act tax quarter of and net XX.X% rate that million which expect January previously compensation XX% be between XX% year reflects to XX% enactment the full impact XX of the $X.X reduction in of recorded future taxable at Tax paid. rate an to that of by from Jobs for income reducing effective used reserves. became tax the in operating the the tax This discrete in million. Finally, a we which effective $XXX end benefits and tax note XX%, federal the
any Specifically, relates to expect as do XXXX, taxes. not it to we pay federal
Now to outlook. the
outlook previous the Our full remains year from quarter. unchanged
year income total in continued of range from to additional an the prior expectations adjusted the represents As XXXX. provides our XXXX. $X loss of to $XXX the we $XX year range do of quarter operating see full full you to million be for with approximate on in expect operating can million, regarding million $XX which into teach-out also We X some growth company our of levels any Slide Slide not XX% campuses. changes expect material X presentation, increase to for information adjusted second continued year million
for With completion and the year. primarily approximately This focus the income of total outlook total of to $XX.X expect of to $XX.X or company the represents we XX% $X million prior teach-outs, million. company an will substantial improvement operating versus in million on be range adjusted the
We growth continue $XXX expect cash XXXX, range anticipated in to be year-end XXXX. at to to of in XX, $XXX the with million balances million December
our comment balance this we decreases our point obligations cash campuses, of out now let income sheet to to expect also cash capital Let the positive allocation. due me result that dollars anticipated operating more significant in our me with operating associated on teach-out in With flows. generation,
far Our sheet, investing in growth prudently a strategy thus while focused projects. organic on building has strong balance
student-serving provided to balances, As by contained liquidity timing at of adequate diverse quarterly continue his universities. some outlook. our assumptions build varying keep initiatives, from key we enhance for further we shareholder calendar for driven we that, On back Please X, cash we impact AIU. evaluate maintaining Slide turn within summary organic will including while results impacts of call to strategies capital within will mind of the and our of I the our the expenses investments have our processes value, and the to remarks. in closing our redesign over Todd Todd? ongoing expect in that With variability a operating
