Thanks, Tom. I’ll begin on Slide X.
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was XXXX $XX from second million. for And is one in scheduled days X. first benefited we U.S. headed see Georgia spending spot and the advertising continue to will Through Georgia, a quarter stations as Missouri. are Election few of seat in quarter strong on market through that runoff. our elections fiscal the January also Day January Atlanta of rest November in one political at advertising that approximately political In least of the X, spending second We senate estimate and runoff
during Slide heightened to important Xx term. to critically the to Turning cash continue of particularly target we flow, strength is leverage remain and reduction priority one debt Meredith, Net of over number uncertainty. liquidity a X, balance our ratio sheet time long this and
free quarter. we’re free of cash As generated the generated the in $XX during first our flow. million environment a cash performance We strongest first quarter cash was in flow company, this by It free flow measuring the in fiscal the digital a reverses driven use by This of restructuring capital period. and prior improvement improvements, lower million advertising history working XXX-year payments. $XX in primarily spot items performance, and year company’s compensation-related political our strong and was lower our
of of Looking million we with period. year ended the at the slide, bank bottom XQ ‘XX compared in the million prior cash $XX to the $XXX in
balance XX September today. revolver at and was remains X Our unused
cash demand. continue advertising momentum our helped see We by flow, efforts positive to improve strong political to in
generating in more efficiency free each the positive quarter allocation fiscal that cash the bank at supports long-term, of continue XX, capital improvement and of Looking of we flows flow to we operating long-term continued and our in as goals. our cash On expect XXXX. had $XXX note, October million than cash
for to Slide on turn closing it Now thoughts back X. Tom I’ll
