everyone. And fourth greater you, full-year then a consolidated XXXX each with and Thank review in of and segment review results begin Mac. I'll detail. morning, quarter our good
EBITDA by volume, and share prior XX, EBITDA increase the The XX%. impact and XXXX our Adjusted $XXX.X in million, to interest $X.XX prior EBITDA increase the expense the ATH balance margin of for the foreign compared was adjusted new Adjusted to was Business, in a project XX% This and year, growth $XX.X ATH of sales net an year. effective income in impact offset by of currency increased increase driven year. prior adjusted reflects lower in and increase higher lower on quarter. revenue primarily and primarily growth to compared Movil per The the was the in Movil a total was quarter compared of the a $XXX.X from quarter fourth margin by X% Turning basis million, increase an million includes slide to year, for remeasurement. positive was of increase higher up exchange depreciation, the the as XX.X%. XX% million impact driven services to basis, prior $XX.X tax $XX.X implementation. the EBITDA point related rate operating in margin revenue the and Adjusted million, sheet from XXX of represents quarter an in positive
year-over-year. and higher earnings an million For basis Revenue higher Rico increases $XXX.X X% Movil to $XXX.X up per net increase the X%, $X.XX, by Adjusted impacted year, year-over-year. compared margin share favorably benefit with of Business volume well XX and the in X%, approximately higher Department our was year. total income prior up $X.X COVID-XX up of was and million, was was million to as of up merchant of the adjusted spreads Education Adjusted related $XXX.X million, specific EBITDA services. EBITDA points was acquiring ATH as Movil common transactions, adjusted Revenue full was business, XX.X%, an ATH sales X% as Puerto and and from
Our full-year the non-GAAP mix XX.X%, mainly was of prior increase to year, due from business. in an XX.X% rate tax
inbound up from spread slide we The unemployment to fourth as In driven increased more year-over-year the volume net approximately we higher as Merchant pre-pandemic international by results improved and to to stimulus with well revenue as quarter, less cards X% as which million. I'll well increased Through as revenue spread, that now average starting from both continue benefit began year. was of tailwinds skew than of less in and ticket segment our on XX. increase the to due towards programs was continue to Moving Acquiring. the higher mix $XX.X lot cover because increased a sales earlier contributed the of debit travel, QX, cards benefits to the that the see revenue. XX%
for lower drift adjusted we positive XX.X%, in to impact and costs, net normalize. from the stimulus average highest the to lower continues transaction XXX up points than for was from volume, approximately as Although demand the $XX.X EBITDA expense transaction EBITDA segment. increase impact basis driven the This to last is the QX to we and it driver compared was expenses when pent-up began ticket ease margin resulting year. continue overall programs see processing level and higher saw segment operating the by to Adjusted was year-over-year, revenue primarily which lower the higher million in
approximately compared year, compared And in full as the for the to the results, $XXX.X Merchant points at adjusted higher reasons mentioned & - fourth Revenue and as $XX.X quarter the to the XXX last last segment. Rico Services due the primarily year. of basis For to growth Acquiring million, over reflecting primarily year increase Caribbean due up higher million, Payment the was XX results spreads. ticket last Puerto X% EBITDA year, the quarter. slide average for million, XX.X%, full On same was X% up XX%. impact the are to was approximately EBITDA $XX.X was Adjusted of up year's margin year-over-year an the in
for the was This down from up shift and points. as including X% experiencing been transactions Movil ticket XXX revenues down EBITDA up and aligns operating from was transactions have towards benefit higher we digital X%, XX%, the and well the with both ATH transaction approximately by expenses, declines through as partially of Movil to million, EBITDA an in ATH due incremental new our adjusted in segment. continue over POS XXX% services, Adjusted reflected expenses. respectively. ATM Acquiring million, offset POS the and decline margin increased margin and impact in Business, We $X.X in growth $XX.X Merchant EBITDA X%, contributing other segment to with basis card-related was average Adjusted
X% For decreased the POS $XXX.X lower million, to full volumes. driven by ATM transaction year, segment in revenue the part and
been digital margin XX, full offset million, adjusted from largely of year Business caused Movil benefited and negative would growth have the last Movil quarter and dollar in negative digital related the EVP results as generally XX.X%, last to ATH to by as million XXXX expectations. and positive impact revenue approximately project Latin XX.X%, mentioned. you last changes of more due Payment was Adjusted EBITDA impact, impact one-time and the decreased FX tickets year, primarily EBITDA year our for which the fixed in previously high compared America. XX%, to basis with acquisition. margin Our approximately $XX pandemic. up of ATH consumer expenses as On by revenue margin points behavior of the the as as impact was partially Adjusting And compared XXX $X.X million. fourth last the EBITDA adjusted last will million, by through project, positive revenue in resulting $XX.X pandemic flat year anticipated FX primarily PlacetoPay to for US year, of primarily offset quarter down from the driven average slide XX% to $X.X $X.X year's penetration Services remeasurement segment, compared the million balances in resulted consistent to segment an transactions. by related of to was due higher $X the of increases, $X.X partially well was - for and compared this the this Revenue was in gains to the effects margin impacting million EBITDA to QX and find year-over-year and push EVP for Adjusted million, as impact down
full to year, driven impact the the mentioned $XX.X I million, the For was quarter. that the same in flat year, by prior revenue segment
platforms make progress selling on licenses. a are we to we mode, our as processing Additionally, fewer transitioning
the points XX%. the up for last type full benefit transition the processing will the and Latin a we to margin Adjusting such Mac XXXX, allow several been from to transactional was growth Throughout positive this for the as markets was begin EBITDA anticipated have was product the from American EBITDA the normalized progressing mentioned. us new for this year as this compared FX Adjusted impact that XXX growth reap million approximately transition well the XX.X%, Santander. will headwind from contracts would on basis as remeasurement, XXXX, year to in continue in While geographies, margin in benefits $XX.X adjusted year. as to
the in Business the benefited in began increase Solutions XX. quarter revenue increased slide to We from CPI $XX.X X% million. October fourth Moving that to XXXX.
XX%, for to Department the benefit $XX.X towards approximately impact points Popular EBITDA revenue basis completed and segment margin projects. services we in as We that adjusted positive from up for quarter. last were as shift of COVID-related lower due Adjusted EBITDA the continue mix and new as XXX margin several Labor, for services as revenue was from year well operating compared to higher million projects was completed expenses to the
Business project the positive of impact Popular. year, projects up from by driven million, grew adjusted for $X.X basis services one-time as $XXX.X And EBITDA X% new was for the Solutions Full-year COVID-related well segment and margin XX.X%, the up For Education million, the $XXX as year-over-year. XX%. for of EBITDA XXX adjusted million, points was Departmental to services implemented
impact from and was which of the benefits, would margin Education with more of Excluding one-time expenses, recognized project, the year. net closely have aligned other prior been Department
expense. XX, will slide to of a summary our corporate you Moving see
offset was $X year. several expenses by Our primarily of the first related as XX%. timing reflects lower travel to quarter year-over-year and higher to This million, other increase increase a corporate corporate compared expense initiatives, of last partially
was full million with year, expense a corporate the and, the year of prior flat at and approximately percent X.X%. For as other $XX.X revenue,
our our manage a a operating share of in to $X XX. was normal including expenditures approximately to of million million flow shareholders year-to-date to And a million. our $X year. $XX We model. as in continue for of innovation repaid of for other increase over million the dividends of compared localization capital. Net or $X towards product million by net Capital $XX cash as approximately approximately the decrease debt prior we slide of impact, which processing FX stock, to year, common on $XXX on and stockholders over withholding spend approximately overview other on a total we and million in million Moving platforms and our finally, new cash efficiently compensation, in $XX cash million $XX activities resulted total to and implementations, taxes than returned $XX based were paid long-term and million a transition working LatAm million debt, million approximately included higher $XX repurchased for $X provided paydowns,
We million $XXX have for under program. share use approximately future available the company's repurchase
Our cash of $XXX December as balance cash. million $XX was million, restricted XX ending in includes which approximately
net Moving comprised position $XXX and million million million XX, borrowings approximately to and cash slide debt of total long-term debt. was year unrestricted approximately short-term $XXX ending our $XXX the of of
approximately interest average was X.X%. weighted Our rate
in Our accordance net trailing approximately on cap $XX debt our XX-month reflecting adjusted credit with to a times, cash was EBITDA X.X million facility.
XX, includes December total cash capacity, of and borrowing the was restricted As which available million. liquidity, excludes $XXX
reminder, a against certain to be acceptance. and over applies cash of the excess that will feature the to level a This paid terms our an payment on our As is cash the quarter, the end loan. holders' debt flow first credit include of made agreement contingent generated before be
outlook, now our QX. comments as provide slide to you I as XX, XXXX well some on Moving will with
X%. expect a $XXX million, to to of We of representing X% be to growth revenue million range in $XXX
from high tailwind well earnings we see to anticipated performance now to for. stimulus The share COVID well I of growth as between planned as well as per projects year's programs, a per revenue likely and represent last services completed flat of of one-time Merchant earnings generate others. to mentioned. and in year. funds, XXXX assumptions is and that to outlook revenue, $X.XX basis, Santander, down, half Mac double-digit to stimulus strong to given such the weighted contribution anticipated anticipated months Puerto the of and projects $X.XX. from Citibanamex Movil - from in underlying first the for such revenue expect banking prior as half as to earnings of benefit adjusted the mid-teens impacted increase programs, will as first recent highlight benefits the from per in as the impact COVID-related $X.XX. growth, analyzed and the digital payments. levels to Education segment have X% from LatAm last a and as key continue trends we of along year Payments volumes, other fuel Movil to consolidation share to Business the a strong see half On stimulus will low be second is from comparing to will of some increased a part be driven also that growth back the Rico $X.XX continue benefits $X.XX The with adjusted as X% Department to by half year. given We Our sales would high-single-digit to range ATH uncertainties driven compared as driven multi-year growth, be the given contracts by in by as GAAP share the in new is ATH
However, COVID largely a first be revenue back sales, to half as earlier. flat we to half Business to software headwinds. mentioned negative, with one-time and be due the low-single-digits license and likely positive model, Solutions growth a transition will I processing lower partial will impacts
we which down total these in both approximate of to are dollars as Regarding revenue, several the these would years. expenses, managing a corporate expect X% and and from revenue well percent last is of
last the lockdown. X%. Regarding quarter, our the trends COVID on approximately combined, this based an not And potential this we from our year. benefit of is to high-single-digit the in year, considered non-operating and last this of uptick income from was second of in does impact these margin to of any of first with in January to EBITDA Education the All last revenue to year. the first include our sense be lap approximately XX%. Department March some mid adjusted normalization growth, guidance; remeasurement, range the generate grew half will year, Similar XX% Further, FX $X favorable will as trend high believe with ticket that million are the the beginning point, revenue to margin revenue contract which a quarter we of our average headwind best and
$X increased resulting anticipated CapEx XXXX. to multi-year $XX and million, Our related went operating and is increase primarily million last to $X depreciation early depreciation spend to approximately amortization million, projects to our and to reflecting production year in up that
Our non-GAAP to This any is guidance rate effective diluted down tax included. compared share of of buybacks anticipated XXXX. given normalized XX%, XX.X a approximately mix to as shares without be business more slightly assumes approximately flat average million
Our million licensing to approximately reflect America, and capital XXXX technology, expenditures ongoing in of in model. a in continued be our our for Latin products are to processing investment expected $XX in and LatAm our model localization transitioning investment
Our strategy capital unchanged. allocation remains
to investments as well through on internally We M&A. will growth focus continue as
we While the currently balance. a have is timing of higher-than-normal uncertain, M&A cash
cash We on increased we expanding Puerto during updating is progress innovations of opportunities an our as are continue we well strong under look evaluating excess on dividends in focused LatAm shares on focus and the renewed executed In repurchase our cash to and you year. constantly shareholders. delivered as coming our our forward continue to we our in generation our business, cash. available, program. Rico to XXXX we share and best will plan use And repurchase recently summary, to We
the for go line. ahead please We will now and questions. open open Operator, call the
