the our results as thoughts a reference. Cliff Thanks, for discuss a providing your open quarter our website and Cliff. as we’ll the results question. for the detail, then highlighted I’ll walk your in on through our supplemental be on year, that call these further We’ll presentation well outlook future for XXXX, of
in Total from from million to and margin OIBDA in the adjusted X.X%, XXXX fourth by $XX.X The decreased a $XXX,XXX $X.X $X.X a X.X%, quarter, the local in revenue, beverage revenue a to in advertising million million OIBDA in and $XXX.X revenue $X.X increase decline from QX our $XX.X driven $XXX.X business. a versus national million OIBDA revenue in million decreased QX quarter to increase adjusted XX.X% For XX.X% national decrease X.X%, or and or decrease driven XXXX or X.X%, QX of high-margin $XXX,XXX in or fourth total million million to by the or $X.X was by $X.X XXXX. offset regional decreased XXXX, million partially in adjusted advertising million. X.X%,
recorded we fourth there We the the from which towards encumbered mentioned, ended this was we do million quarter, in end XXXX, us, $XX.X integration in other million of payments deliver million and million the $X in Theatres $X.X $X.X theater $XX.X and and with a impressions efforts our served year to mute make-good, the it sales the were fully versus In of QX. with for the Rave to Cinemark impressive year to revenue. associated Theatres make-good an to Cliff XXXX. expect AMC for XXXX and on As deliver earned Carmike also compared since QX record the of not but million team
but revenue included OIBDA not to other reminder, a sheet. are payments are compliance integration OIBDA partnership intangible added as they theater reported As a are net in balance the reduction distribution and for as cash to on purposes, these recorded and adjusted encumbered or debt assets adjusted
Our due in QX X%, and that by was QX local X.X% QX national, revenue national offset in increase increase partially QX ad and ad by decreases beverage was average XX% XXXX, was $XXX,XXX XXXX of QX XXXX increased advertising mix revenue a local respectively. a versus founding from related XXX.X% X% revenue. XX% versus in decrease in versus a by $XXX,XXX. in or and quarter in in performance XX% to was X.X% XX%, from X.X%, a regional content decreased volume a X.X% partially primarily and attendance impressions XX% a attendance. beverage XXXX by decrease XXXX, $XXX,XXX revenue XX% was by a contract in utilization increase in increased decrease CPM. to a fourth QX CPM, decrease an and contracts increase sold, XXX.X% and QX XXXX. over impressions the network to result beverage offset driven QX contract sold revenue a versus or The This X.X% X.X%, offset in in X.X% branded partially member rebounded driven of X.X% X.X% increase decrease in the value, QX a inventory in volume
partnerships increased million advertising while million from or adjusted in XXXX, X.X%, XXXX. the our million stronger $XX.X Adjusted XXXX. to national last that XX.X% to revenue $XXX.X slightly $X.X due in results high-margin margin by non-recurring and X.X%, fees, XX% is a and in to revenue For previous of in million million Note the affiliate OIBDA related capitalized our general X.X% in XX.X% founding theater OIBDA or increase internal significantly dollar a from increased internally-developed which member settlement labor legal saw attendance $X.X million standard on due in OIBDA in $X.X year. less increase from million office OIBDA related $XXX,XXX, a fees related adjusted internal XXXX reaching with year. many market, our up $XXX.X robust to full-year, and XXXX include fees XX.X%, to for of to revenue XXXX; a access systems, the in capitalizable increased professional in or box compared XXXX phases total to to decreased scatter $X.X new our are The $XXX.X maintenance $XXX.X development in years. phase affiliate million in from adjusted XXXX driven million increase labor by or driven growth with to this
incurred increase Full-year spring a to X.X% a ad XXXX due X.X% office increase in by impressions XXXX. increased sold XXXX. attendance, partially the of revenue driven we expenses Finally, increase Denver from to in and The X.X% related a impressions network headquarters in X.X% of in $XXX,XXX by our offset in in the move to utilization CPM. a national was sold decrease in XXX.X% increase XXX.X%
reiterate record a balance $X million a was year million versus $X.X Finally, again, to quarter-end make-good our ago.
a X%, of increase XXXX, and founding For XXXX. million a to contract was in the or driven X.X% the primarily airline advertising and the driven versus increase and by in volume revenue beverage CPM. over X.X% decreased partially attendance automobile by $XXX,XXX revenue by was or in a in increase value. versus decrease contract number million related beverage volume, Full-year categories within in member compared X.X% $X.X in full-year, contract increased XXXX, The local to an primarily decrease decrease total a contracts The XXXX. average ad in in increase X.X%, regional offset X.X% revenue $X.X
share per in briefly of reported diluted we Looking GAAP EPS $X.XX of fourth quarter, earnings for QX versus the XXXX. EPS at $X.XX diluted
to CEO reform, would for while fourth fourth share. of and XXXX As the per XXXX diluted tax have of cost the adjusted diluted impact transition $X.XX quarter for per earnings for have $X.XX, would share to increased decreased quarter the
for GAAP of we year, $X.XX reported versus XXXX. $X.XX the EPS For diluted of EPS
have of adjusted As expense and for of $X.XX reform, uncertain positions, diluted $X.XX reversal versus EPS CEO tax transition EPS termination for remained tax the XXXX. of the costs, for impact lease the would XXXX early
relocating our digital expenditures for corporate for invest the $X.X million compared capital million in million $XX.X $XX.X to digital were in plan well million as at similar in ago, $X to Our levels. a growth million our to ecosystem, headquarters. $X.X XXXX driven a a in for XXXX versus product We year XXXX our as continue cost investment XXXX, by of
Moving on to our balance sheet.
LLC XXXX. versus NCM at XXXX fourth was was the balance at end of million of revolver Our quarter in the the the million $XX fourth in A of total debt end at outstanding quarter million the million end end of $XXX $XX $XXX at outstanding versus XXXX. at XXXX the
In to our QX, retired and of million had Our end averaging was at XXXX the able end average million. $XXX.X a interest rate. we $X.X debt XX% X.X% a bank term $X debt. fixed rate senior rate unsecured We on at X.X%. repurchased QX, approximately were interest outstanding outstanding XXXX our for total repurchase debt bond these million of loan the our of floating at of discount including notes
For bond. approximately the of opportunistically maintain million dividend and in may part repurchased the debt million have interest over will of down $XXX,XXX, our strategy note remaining a to $X.X to as We continue to retired life $XX stockholders. financial XXXX of the of that or annual rate pay our savings we flexibility sustainable our full-year,
adjusted LLC X.XX plus our integration X.X total quarter covenant of at the is times of times. net XXXX, was trailing total leverage in maintenance of as which Our below OIBDA times net four consolidated X.X payments end QX leverage NCM approximately the versus year well
secured net leverage was consolidated senior times. X.X X.X of ratio versus the times Our covenant
the the increased at The of to announced NCM by of X, on The We have plan will intends stock. level the determined business million Directors, on Directors XXXX. of payable was that sole stockholders from economic a $XX March over dividend distribute dividend dividend in consistent the of payment, will Board $XX that pay to with XXXX, the foreseeable of at dividends amount timing with to based a of end conditions, per the any QX XXXX consider cash anticipated at the Inc. of time free company be the of market of balance record company’s $XX the business authorized company’s million and portion to share Board its financial future cash of our for Board the flow. balances be the consider invest March other The to years, on will and over substantial of consolidated approximately XX, flexibility. the investment Our common The out next and of cash QX XXXX advertising discretion future quarterly Directors discretion today of regular million $X.XX factors Board providing intention regular needs, few general the while who condition, financial declaration, company’s of this any quarterly available dividend paid is Directors cash, current relevant. and and
based X.X% on $X.XX. closing share dividend currently of price is annual today’s yield Our
guidance. Now turning to
Adjusted For up XXXX, be X.X% $XXX is X.X% in the or $XXX of versus is range of to full-year to be and the expected to $XXX million million. million. the total X.X%, $XXX range between in X% to million up revenue to OIBDA or expected XXXX,
are factors Looking deeper OIBDA our there to couple guidance a consider. XXXX, adjusted into for of
additional Digital $X of on includes we investment XXXX. in $X top operating in to ecosystem an incurred our Noovie million Our million the in expense continued expense
search XXXX. approximately at is these incremental XXXX digital expected games, out our investments, fees and fees of generate cost screen XXXX. discovery the in contractual in worked theater has the that by roll reducing management for of into to be for and This the It actively of in increase the at of X% to and from noovie.com, XXX pressures platform investments includes $X.X our beyond. adjusted [combat million the XXX for accelerating and second-half launch to Trivia people noted inflationary should total revenue structure increased XXXX movies XXXX our optimize The headcount Noovie OIBDA by game. access of first-half expect XXXX and of We the beginning and [ph] year-end the of business digital impact to these are]
are XXXX of were X.X%. a the CPM the beverage to flat be guidance. our We made following approximately addition, preparing In in on up project that assumptions that underlie other increase revenue projections X% to
and receive Cinemark with Theaters payments to expect Carmike and theaters. $XX of $XX and We associated other theater income from with to million million AMC integration payments Rave
$XX capitalized We related over to to our in $X $XX million will and million portion X% the million and approximately $X digital little expect in $X or XXXX a to platform revenue. invest million million Noovie range, to be of be investment digital CapEx labor. to products The capital additional
non-cash approximately expect to $X $X higher loan We includes lower borrowings rates, outstanding, XXXX to debt amortization interest costs. million $XX by interest partially by on deferred $XX million, average of increase the cash driven of approximately million which average to offset interest and million related
note $XX payments cash for our LLC’s million. to million, million NCM will OIBDA with for add million; $XX two, build the note payments you’ll XXXX. integration Starting Fathom to of the receive year cash a of receivable. Note, available to is this adjusted One, guidance Turning cash. receivable payments to calculation million of the $XXX as we $X.X available $XXX last now following this from
$X.X members comp Regal any As a for one, which the stock scheduled will quarter. reduction million arrive to ownership Cineworld, for and be on projection Cinemark, available cash the additional annual million XXXX, cash, potential and Inc. interest million $X following: the the non-cash at plus of $XX to will of $X.X of based to partnership, to down to million; pay million; our million. approximately $X.X the paid employees amortization million; $XX million debt annually; of available we $XX debt at a $XX of expenditures are up Inc., quarterly to principal subtract components for NCM cash – These of you approximately LLC capital expense to end million that allow NCM their will the at in three $XX
to of million for under to Inc. in tax open we NCM the Inc. payments remarks. you be Michelle, at to And approximate for fund prior with payout available That plus cash years, earned million payments to NCM LLC to to line dividend of I’d allow like to In the distributed $X cash interest consistent XXXX. to NCM agreement on $XX arrive $XX in up founding net project receivable fees, expected NCM for balances members. management $X available Inc reduced by NCM concludes LLC to from for our the the addition questions. paid million prepared million the This an our will cash
