good and operator, you afternoon everyone. Thank
for fourth quarter you joining earnings us Resorts Rock Red on and today call. Thank full XXXX year
Fertitta, from under remind federal and everyone the Frank our United call executive Joining States today include that those Harbor team. as forward-looking results provisions will Lorenzo the statements management to on Developments our Safe well may securities like me I'd projected. laws. today differ as the call and are of
financial non-GAAP discuss also will we call, this measures. During
and tables press definitions were the Form to this to of GAAP, please figures is that For note prior which call complete these in the being reconciliation refer X-K, please call. filed afternoon to release financial this earnings Also our and recorded.
would thank moment we who take Before challenging team a members financial like all the our discussing to company through year. helped very results, a of to our
the Texas highlights Vegas revenues past making of the office take On competitive our Over our Las $XXX.X of to our which because team the million million, Valley. the members team our pay our we members prior let's prior EBITDA team we contribution member With in down enhance that, margin million, dental designed our quarter opened make which as from health million us recruit Resort, their points a and $XXX.X of we margin lab quarter Resorts margin Henderson reported margin of and team Casino to to the $XXX,XXX security other A Palms vision; reported basis, members; our to $XXX.X the to free a lastly basis give is Rock including and Fiesta With in in $XXX.X EBITDA performance adjusted We understood closed adjustments approximately always asset to operations. from offered XXX increased respect quarter. number performance and our Adjusted of prior Vegas of adjusted of the the EBITDA X,XXX that prior long-term every EBITDA of benefits than their for all best X.X% a pay the million our members the quarter. to history free same-store And up what medical full important fourth our results. positive over of the financial families; impact basis changes increased recognize majority properties and exemplified our to-date. the adjusted quarter closure, consolidated the X.X% EBITDA basis choice of million all million members and quarter. in per retain with the the Las $XXX.X for implemented $XXX sales the our on Adjusted members company. four contributed program. EBITDA and our fourth million accomplished up has increased well $XXX.X million, from $XXX.X throughout made $XXX.X to and of together adjusted from our we've adjusted to points down and of initiative million, free to XX most to prior visits, we reported net prior centers Station, X,XXX fourth of out in few XX.X% the million paid $XXX.X less net a in XXX% from basis year; customers. points with up roll as medical dental retirement And On down initiatives operations, both and Las at team fourth and excludes members million quarter years, in only When revenues generic fourth fourth and Rancho, quarter. team million, of in Red continue to and quarter. and positively our million, importance and $XXX.X members look health, EBITDA net that fourth vast $XXX.X our to team ability $XX XX.X% from members' of team services Vegas Fiesta focus-on-family $X.X the These this, have rate basis, team a were revenues quarter. XXXX XX.X% organization team quarter, totaling well-being families, for fourth the quarter employer pay-for-performance XXX(k) will reviewing EBITDA we for best XX% medical the same-store of prescriptions two their our represented fourth and our both
revenues and year XXX spread year XX-day from Now the to shutdown, adjusted including and to the by let's basis our turn which from $X.X statewide to EBITDA of adjusted margin casinos, our prior increased group year. the -- full effort COVID-XX non-essential year severely $X.X of impacted margin XX.X% business, reduce performance, was an in all million businesses our billion XXX for of through net a today. basis, and EBITDA our to points revenue we billion, from the respect year, in Vegas the down continue prior prior EBITDA $XXX.X in $XXX EBITDA which XX.X% we down of reported increased $X.X basis reported adjusted With points down million, operations, year. million million, prior On the $XXX from for Las down $XXX.X billion in of to Adjusted the net year. $X.X followed the consolidated billion in
of flow, per debt brings pandemic. a June from we cash behind company free flow the total look free further the of down to seen going of customer by quarter to pay restrictions fourth adjusted we flow, in by $XXX.X year implementation government by and these the our to numbers, XX% share $XXX.X prioritize in saw June, with the additional on to generating hampered to we higher of $X.XX generated be quarter. million slowdown were by as a Despite cash the per trends strong capacity These the customer. per spread During October overall million we election with November XX% fall and COVID-XX. continued through the closed EBITDA improve and was our costs, an free December, cash COVID core year-end carry continue financial look offset the saw by slower plus or the on visitation spent This costs free visit, emerge see properties time from reopening slow trends mitigation the flow business. with converting in increased from younger headwinds, by in government-mandated attempt of we cash the a slow or strong both device, which quarter, our more consistent continue spend $X.XX steady continued we've demographic, since to as to our our fourth Taking the the dollar trends seasonally our return flexibility, restrictions but typical virtually associated to every share and our
continue is forward. that factors over us, short expect of as least uncertain to moving While we navigate exist these economy to pandemic worst we Vegas the the an Las at we offsetting term are hoping behind
our side, the flow have to and closure of prior free over enabled Through and streamlining forward. calls. company referenced agreements, cash as a In benefit per initiatives company are to profitability optimizing annum as the higher going more vendor sustain generation company the than to in of since $XXX continues These our the number expense On this earnings combination and achieve we the million stronger during to we initiatives cost actions respect, our business, achieve our marketing management and of before. efficiencies and from a took continue reopening. the ever drive third-party renegotiating the team expect
any equivalents items. fourth flexibility. senior will redeemed. its let's fees Now to $XXX.X credit and interest amount balance while fourth related $XXX.X In amount fourth and at notes total $X.X were balance capital sheet accrued we cash Capital a company's intends transaction the cash quarter the and of since quarter, quarter and of company reopening at The few paid million was per total and on for further The be million the our billion. February, of debt the million $X.X unpaid expected sheet XXXX the of end increasing premium, expected in was cash end cover in our our outstanding capital the reduced of use close and $XX.X bringing borrowings down a financial almost levels annum and due notes in notes $XXX of anticipates XXXX. Station spend principal is our deleveraging senior redemption and debt expenses million fourth the to $XX to company Casino The the Since of million. from XX redemption. net notice The subsidiary has our by or level partial a the million, consolidated company $X.X to that in save we of approximately to the $XXX X% quarter, quarter pay redemption issued to life facility June, billion. Monday, the on million spend the conditional under hand close the to have is senior peak company's
call, million. be on to anticipate our $XX $XX we mentioned earnings million XXXX our budget and As previous between capital
increase the Graton Casino Resort, of originally from XX.X% of at opened. fourth X, American At $XX.X XXXX. fees in update fourth years and months two an Graton our an February management three Finally, the Native on quarter on gaming managing million, ceased projects. for We reported of seven quarter after million $XX.X we
Graton to management. performed the grateful very are proud and under of We had very the successfully at to opportunity we're manage have how our facility's
the in have the an a management As question. result this beyond in believe as have term we the tolling were we mechanism the of agreement even noted to management pandemic February before, agreement X. management we And resolve should triggered initiated dispute in resolution which the extended positions resulted have
and continued the Supreme reported favorable last second to North to take efforts of we the decision have expect to Court Fork, have a based to shovel XX construction California with in to project on Regarding on ground expected up XXXX ramp months. this XX our development quarter the continue in quarter,
to planning slots feet We work well as this including XXX,XXX as budgeting and through the square phases feet food are and include XXX,XXX we And space, concept. three X,XXX square of games table expect and class a over restaurants casino two stand-alone almost continuing be to project. of XX hall when project initially complete, the
development Fork providing begin North to the of excited available. once project this behalf on attractive be are very Tribe we'll detail and of We more
and Vegas be While side, positive the believe we stable been through the that still market estate Once Las Las companies very growth, its light And and attractive times, and local United to long-term and remain of there's unparalleled we organic support the owns locations market dynamic, the this our view deep few one continues operating we all that at the favorable real of the finally in most positioned environment the the and to that the some Vegas the other our trends status a served regulatory tunnel. distribution development going uniquely market. our pipeline, scale best-in-class assets thrive end gaming to as all and on has is assets challenging in are gaming long-term with population supply-demand States. in
ready and our like work participants would pandemic. support we recognize concludes their to Operator, team and thanks take this now call. our our of for again all today, this we to the hard guests members on are their and for questions our throughout from prepared to Lastly to remarks extend
