review balance of structure statement the guidance. of some the good by our revenue new income start, Company Thanks, issued I'll I'll FASB. data of guidance provide XX/XX on Perry which and an and a capital QX To Nexstar's with start morning as previously XXXX, noted update and after accounting sheet effective everybody. adopted points
As the commissions. and year-to-date a XXXX, commissions. result, revenue and Company beginning also the political release presents digital their provided on revenues national XX/XX local, political XXXX, and net of the morning's net of local, agency out national sales comps This adjusted to QX related
of revenue certain related Company's exchange from recognize for In cash or income, credit standards time and have update cost at was which future the say post-retirement impact adjusted barter income of addition, of changes service BCF, operations, I'm plans net longer last three we past program other flow. the decreased presented Thus XX/XX/XXXX an million to pension These those and XX/XX/XXXX the other I'm advertising the Also by barter accounting during decreased the -- no to EBITDA other -- requires expense that's months everyone materials. adopted credit and and beginning from or pension of of changes. and the pleased effective Company accounting free post-retirement or pension operations XXXX, cost was a to income than And million, XX remind a operations. $X.X income from outside be respectively. to I'll sorry ended time the by $XX.X don't
Local Perry almost up was the statement. a national down were Net fourth a which quarter, at with year record -- which up the local with $XXX reported over previous across of to flow television of a on XX% the revenues our XXXX/XXXX ad million Total the cash million over same revenue, a income QX EBITDA over million, XX%. $XXX.X revenue one-time total revenues Profitability On revenue were the same revenues revenue million political up million, X% the revenue XX% revenue X%. a $XXX down ad over reported the revenue $XXX of metrics quarter period digital $XXX for mentioned, XXXX. results very revenues was up cash as high net XX%, Political to digital much actual were the which broadcast up were flow of Retransmission and were X%. results $XXX free and a same-station approximately were is increase same-station to basis expenses records was to same-station comparable was basis, approximately revenue, same as national board $XX.X turning approximately was million quarter expenses was to basis before local Now national $XXX with period XXXX same-station one-time on of million up approximately X.X%. television up in the basis and fee XXXX% adjusted XX%. down comparable X.X% on and fourth and results, were million. very before fourth
higher XX.X% advertising higher quarter net period in revenues which the election ad fee And cycle. guidance XX% the of political and X.X% digital full in As and including XX% XXXX the our than presidential $XXX revenue strength XXXX exceeded non-television revenue than election Perry came XX.X%, increased rise the year. revenues. in mentioned, in same-station we retransmission political emphasize recorded markets for revenue comparable spending the further Fourth net of quarter year million mid-terms, political during XXXX of in to full the our
profitability. -- digital was of authorized fourth as issues up specifications, XX.X%, consolidation were While timing to comply well platform updates impacted and digital GDPR the rebranding with certain related focus as businesses prior full technology to dealer/seller of of seller by digital the and year implementation our to quarter on revenues
of charges assets. expectations respectively. to $X.X disclosed $XX.X intangible This expense digital respectively, corporate with in During stock-based $XX.X quarter goodwill was of we impairment General the station of including XXXX, quarters $XX at and rose of previously down for EBITDA network write-downs quarter fourth in reflects businesses, largely and quarter Media substantial our year-over-year. million the goodwill of approximately higher significant inclusive recurring X.X% overhead, increase expenses $X.X including -- reflecting growth expenses, corporate million. of recorded fourth XX.X% exclusive the growth million in million relating higher The ad rise the certain from trade fixed our Overall, adjusted expense, and XX.X of expense with assets quarter relating G&A were of to increases expense. the $XX last operating comp in direct cash and non-cash million and in which in to transaction digital costs as expense to compensation fourth expenses, management variable million XXXX million guidance net the Nexstar's with to affiliation and rose well the merger. legacy stock and quarter LKQD. quarter $XX revenues line reclassification administrative programming Same-station broadcast relating from combined primarily revenue in sales, BCF fourth primarily of X.X% fourth expense X.X% resulted ongoing political in as our expenses fourth our budget of line costs and Fourth to margins was one-time Tribune our XX.X% expenses,
awards the quarter, to million compensation Looking be be cannot for year. approximately reflecting equity exclusive quarter. expenses. success-oriented the -- anticipated be XXXX $X recurring to million of -- Cash approximately transaction be transaction the severance capitalized approximately of quarter to for to $XX first we during later to and incentive cannot fees capitalized the inclusive issuance is new is are projected be expected $X project year, this expenses primarily and million Tribune-related $X of million comp $XX Non-cash million overhead corporate and of stock that ahead -- first
and was X.XX XXXX. X.XX -- quarter QX the which to a compares of at of leverage QX X.XX which end QX XXXX X.XX date Turning a of key Total versus of covenant X.XX, end end QX Covenant compares of times, sheet, at X.XX to was the the at and X.XX review to XXXX. balance at at couple XX/XX/XXXX. leverage first-lien at of the fourth that of end net items I'll
term sheet million QX with associated debt Our from additional of payments of in $X.X amounted loans in loans an cash September from first-lien XX balance the with comprised $XXX term decrease the outstanding with operations. billion reflecting a the debt on
Our January at billion three $X.X total remain billion ago $X.XX to XX/XX/XX compared to year in $X.X the when billion and Net of approximately even quickly in X.XXX%, X.XXX% amounted eight XXXX issues at since reduced the million Media a allocated transaction the closing $XXX quarters outstanding outstanding initiatives. approximately by outstandings. billion we debt the and shareholder-enhancement bond General the of as X.XXX% approximately transaction. capital MEG debt closed the through of we've operation Thus $X.XX we to other serve
rate repayments. $XX As anticipate term additional basis. additional senior our the in and principal increasing expense, by net the secured and a term company's capital, structure company's new million of line we the in our on XX flow facility you point billion over and credit with reduction compared terms on an next XXXX Nexstar's million making re-pricing a debt free filed which in the facilities to revolving resulting quarter-end months. annual closed subsequent approximately annualized interest $X the capital The interest approximately $XXX represent on the income several basis $X.X cash outstanding to principal senior the secured prior cost $X loans XQ. reduction in facilities, total early on XX, We million In and actively evening, made in payments XX-K, senior focus see approximately managing expected we January XX-month ended period will through is payments of be to this million
synergies a previous to balance Tribune Suisse relates net tapping cost on Bank by in proceeds. cash Lynch, in capital Bank Media, after the times Merrill intend occurrence our to of structure that reflect LXQA the acquisition to EBITDA million of intention prepayment America As capital financing debt basis and the billion X.X have the weighted an which opportunistic expect facility Similar have is to we forma to our our it first funding to transaction's of to XXXX, net closing, is of consideration. At with our anticipated pending effective $X.X and fund be Credit transaction and of to XQ of proper Deutsche the provided markets pro approximately fixed of transaction, attractive adjusted divestiture initially and and transaction, of be we giving committed year and flexibility. refinancing leverage floating $XXX expenses of average that anticipated the a
we to the record repurchases approximately approximately million in us taking $XX million. XXXX. reduction base year the to value leverage approximately the million, full to and growing return cash share enabled to remain opportunistically $XXX of expect active $XXX times reduction of cash of to decline action capital range enhance debt including four and of shareholder activities to million, flow and of dividend results year free our net through total With the with net We cash amounting $XXX of free Nexstar's payments million $XX flow shareholder committed leverage end flow our remain to generated including operations, by XXXX drive our for applying returns
cash million $XX.X In digital the funded quarter million compared year. addition, year. million expense Fourth during $XX.X was acquisitions million we the total the accretive year's the interest the to in $XX while and $XX.X interest period, approximated in million television in $XXX space to prior compared prior expense
approximately XXXX. QX, expense $XX approximately $X We expect to to XXXX. operating $XX.X of million million cash our $XX year net million. acquisition below of slightly operating guidance came year million QX assumed taxes Full in in relating QX of cash and in payment we taxes $X.X were of million interest million of cash approximately in of an to liabilities compared In taxes cash tax $XXX approximately full had a including
spectrum quarter Nexstar's the $XXX million for station XXXX. platform are both we the has digital relates and We QX of $XX.X $XX.X repack. repack CapEx year station million to reimbursable. fully CapEx investments, which income to been it amount expect as of $XXX million of related of the which XX/XX taxes for have to reimbursed and to million Through in and for with was $XX million $XX operating costs, totaled of XXXX, the our relating million between spectrum infrastructure million spectrum cash for $XX.X operations, remaining statement which $XX relinquishment to spent million programming included the
of We with for expect in QX million repack additional CapEx. CapEx XXXX approximately an $XX to amount
cash XXXX/XXXX cash $XXX inclusive growth free estimates impact remains before with our approximately million, of of of $XXX flow enhancement path this was one-time long-term projected and of higher be slightly and of flow shareholder the over one-time to to a QX of average and million. XXXX/XXXX $XXX annual Our and transaction plan. expenses compares on value $X.X on near approximately million expenses million With consensus' basis
to flow management's focus we've successfully fixed Group optimizing the will balance Media generation, and actions XXXX close building support acquisitions, accretive positive allowing free maintaining additional of will us value. control terms structure. approach our pay to of can on costs, top the significant flow, outlook follow cash leverage, plan to deployed selective of sheet that generating line, goals dividends, in continue our it and capital other repurchase free the record and variable and shareholder As Nexstar shares relates The while take cash for reduce pursue and enhance
combining on value assets and driver can focus free attraction the our of we cash Our key create to the by a flow companies. is Tribune the
free flow than approximately the to free -- $XXX more As for Perry noted, of cash of guidance XXXX/XXXX cycle Nexstar in annual of annual average same expect in we the XX% Nexstar cash in million last result flow $XXX or transaction period. legacy the million our for
others due that the continues diligence cash continue our free later this recognize we closing our our million, a the year. standalone to in and support to or share to model Nexstar's merger of leading activities of and but periods flow, $XXX pre-Tribune $XX.XX All Tribune up analysts
two are we that the and reiterate variables day Tribune million that As guidance you to forward those remind financing we finalize to we aggressively are look the working the related every and on divestitures $XXX as and to Tribune items. such, reporting we the you
I'll Nexstar's for standalone two Now some over years. provide guidance the points next
Rolling establishing that November guidance. we $XX.XX. First, have in cycle advertising annual cycle core that forward, the the million slightly as versus year, than XXXX I seen the approximately flow we're on XXXX/XXXX average is $XX.XX guidance we share, or $XXX million, in per assumes up free $XXX election. XXXX/XXXX The or of XXXX that approximately cash post for $X guidance since our trend the or a XXXX, mentioned before, of guidance reiterate more prior today our
Our respect to from XXXX for spending forecasting in that election compared data past guidance the almost cycle anything primary pre-presidential period. time this way later net the year, to political $XXX million XXXX revenues. With historical potential material assumes changes at not this in of decline early the and using will revenue we're
and be this again, have a will XXXX have low XXXX of we high double at retrans previously XXXX XXXX political a year revenues grow year. retrans our will digital As show of which both course end levels the we digits indicated percentage in up over growth. of renewals and will in
well executing integration, In political and out on structure Nexstar and summary, exercised So on functions we'll because this XXXX our XXXX in type to I'm capital to synergy all core of we're sites inventory our successfully guidance management it's same that to year. -- too maximize going operations, will not far we based is service see just in communities. the realization, revenue opportunity. for be provide including dollars driving
value accretive Our for we disciplines financial of well these near forged with Media, in have path areas the results. to a results the continued long-term consistency merger growth and as we our as successful from have our derive in enhancement pending With clear our driven continue and value. expected visibility to shareholder Tribune believe and
XXXX-XXXX for about $XXX average year. As at and our approximately the the per share guidance for merger per free cycle $XX.XX such, in million pro annual we're forma flow excited of cash post-Tribune
add Tribune in -- us now well over driving to other operating experience will of the efficiencies transaction General long-term integrating That assets we some and our serve our to year. to over outperforming last And base review. eight operations success I'll synergy the upon quarters Media and Media acquired as back concludes financial related closing remarks the Perry before for the and the targets our operating call Our access turn this closing Q&A.
