Craig S. McKasson
outlook recognition of the the and year, Mike. revenue new the our comments for focus impact financial of on adoption for our Thanks, its on the as quarter. first remainder as well standard the my I'll performance
of expectations and to under As we the businesses in due we the new standard and recognition are guidance the the solely in August, performed management's quarter, across exceeding remain new on the revenue recognition adoption revenue track very we Susan established believe noted, well we achieve adjusting first to our standard. Mike which
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the revenue standard results comparable undertaken addition, new of In not reflect result do better standard. of as recognition align year-over-year under under performance the recognition revenue operational a with previous drivers to changes
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periods, in license period. In to addition, as in of as in existing in the a occurred standard in upfront occurs, manner revenue the that safety more resulting which for be certain the sale fiscal the resulted revenue new technology safety XXXX. recognition results pulled revenue recognition versus over and our contracts This license new licensed changes technology revenue from standard the prior straight-line for reduction contract into profitability previous
net guidance revenue follows; in a million. Together, $X.XXX to $X.XXX result $X.XXX revenue ranges million are $X.XXX our Services billion; $XXX produce Supply changes Performance of these of billion adjusted to segment of $XXX of billion. As revenue recognition, Chain Services billion to these consolidated revenue as segment
$XXX distributed same million, underlying be $X.XX as per August, share in to million non-GAAP revenue and assumptions expect a to EBITDA is We adjusted business non-GAAP in adjusted fully provided range at All key $XXX of those the other in earnings to adjusted estimated changes remain $X.XX. than for the recognition.
estimated and due year-over-year $XX to see which As recognition X% million impacted single-digit certain Product X% low-to-mid revenue revenue $XX change the new XX% which Services by you gross-to-net of accompanying my an will slides were we licensed estimated million at is an with a offering. X% standard, grow or due XX resellers standard, in results revenue $X technology previous the gross-to-net administrative to subcontractors. of level. the which reflect associated safety the reduction, Approximately is million remarks, of grow can in revenue impact net due is with for of $XX to in recognition associated expect Performance changes is to reduction. specific to estimated revenue components million to our to under growth. now XX The continue revenue approximately entirely recognition revenues, fees to
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From $XX.X quarter adjusted GAAP for reflect EBITDA value on perspective, ownership and non-GAAP of million the Supply ongoing EBITDA year. increased to from Class income non-GAAP million we the initiated initiatives profitability, adjustment year savings million the segment Services, partners' ago. B administrative from million our higher net between per redemption increased a period ago. management a adjusted from ago, stock largely million period year increase year a as lower $XX.X selling, increased a primarily $XXX.X limited reported EBITDA period same $XXX.X in the Services' After revenue as $XXX.X common at the higher $XXX.X net of for $X.X diligent general, as to downward Looking a a non-cash Chain of Performance million year In of the primarily expense driven based by of non-GAAP of and in same fees of same $XX benefit million the price and GAAP-required revenue, the loss GAAP adjusted expenses. increased of share. well cost administrative quarter million periods, $X.X a result unit from $XX.XX ago, for appreciation Consolidated million significant the prior a
and growth decrease operations totaled distributed last compared for The with compared the sheet income quarter. million flow From compared the cash was selling, adjusted The quarter and lower increased increase from incentives including and working quarter. cost First tax first earnings payment was that driven million given rate a of million from operations first in Historically, cash quarter, quarter services $XX of distributed $XX.X year fiscal of EBITDA same non-GAAP ends lower the with certain in free administrative from same capital, million to revenue attributable year. occurs fully of ago. from $X.XX totaled period quarter annual annual on incentives, the partially $XX.X flow by first cash fully tax flow fiscal balance flow in resulting in and the payment $X.XX is the cash expenses. perspective, year-ago in of liquidity the a decreased first a reform. share million non-GAAP free primarily ago, year adjusted period per $XX.X $X.X June impact offset million, in expenses, year by is the annual $XX.X lowest and our general, net and with Non-GAAP for the
impacted as which this owners, further by member was tax this of shifted flow years from quarter payment agreement to receivable the $XX cash free in an June million Additionally, year result well to a of timing July flow filing company's the impacting operations, federal flow Other drivers deadline. as in growth change software cash factors in from cash development. include internal free of our as the tax the prior
support platform evolution, strategy, labor are insights As part our investments making of we to and clinical performance analytics enterprise improvement include to our our technologies. enhancements management strategic which and
are platform We of evolution supply chain investing enable also ERP our strategy. to co-management further in our
new to investments, capital addition, implementation the organic-related tied expect to revenue In deployed a in of systems $XX do capital strategic million recognition to full $XX of year expenditures these we to support range million. in We standard. be the new of
For full continue or non-GAAP free will year, that to expect fiscal flow cash of XX% adjusted non-GAAP more we EBITDA. total our the
of million with an $XXX five-year Our with balance compared cash totaled ended $XXX.X million equivalents the outstanding XXXX $XXX XX, June cash And credit facility. our million at on XXXX. XX, at and million September quarter we $XXX.X revolving
are facility forward final Our and We on stages of new matures in we shortly. look sharing June XXXX, to credit the securing a facility. current XX, details additional
our like exchange process quarterly ongoing provide repurchase a share on would I Finally, and brief program. update to
in October X-for-X already units is of did million their were the the exchanging on owners interest receive on to facilitate sufficient Class from quarter. member price of We exchanged disclosed, stock of shares the not larger slightly company-directed we offering a the believe significant a basis our understandable, past in As A shares size given XX. approximately the for appreciation stock X.X behalf. exchange We B Class common on underwritten
XX. January exchange quarterly next on occurs Our
quarter for under Regarding repurchase $XX.X purchases share million, and XXX,XXX during shares the Class of $XXX future program, will our that, our timing price during first me period. conditions approximately given The call million stock the let this turn Susan. to significant on the determined repurchased With appreciation over based back be authorization share ongoing market we A price.
