Chris. you, Thank
revenue, of revenues second guidance our X% or for mentioned, quarter of million metrics. this you low $XXX distribution all of overachieved end increase range. were an than our in year quarter XX% Included media the financial in $XXX revenues exceeding million As XXXX the we prior key second and quarter Media a over period. million, increase are the $XX second quarter higher
of expenses Media XX% quarter, year, election media retrans our growth from the second the as quarter revenues second and $XX related quarter million, growth SG&A percents were in million, initiatives. result to retrans and an net $XXX the million year. reverse continue $X last this second for versus to up current Political primarily production next. on defined expenses year, media grow operating quarter contract higher expectations, were in and we the Based fees year to second of low-teen in costs last expect
expenses media on reported were million favorable Our previous $X sales and our expense. to G&A lower guidance
media For the full $X.XXX expected billion approximately year, billion. expenses to are $X.XXX be to
improvement and million Corporate regulatory As to and non-recurring second compared favorable transaction overhead guidance, costs in was $X for of realized $X is compensation in expenses million prior expense. the our the in quarter. stock-based includes to due $XX the the million quarter legal, and million primarily $XX
line in overhead was Excluding amounts, those with prior guidance. corporate
overhead nonrecurring compensation. in $XX stock-based million, the be is corporate year, to $XX costs regulatory for and legal million in million expected For and excluding $XX transaction
was million sales at EBITDA our antenna better approximately That's for will $XX quarter. and on That's than high regulatory on $XX was of transaction $X That's costs Non-media Media non-media the revenues the second higher expenses prior higher in legal this range. ONE adjusted the guidance than which higher later lower $XXX for EBITDA, million our media prior expenses. EBITDA nonrecurring year occur million and end million and $XX higher guidance our the lower quarter in the in company. million.
were in weighted expense interest million. $X.XX Diluted at $X.XX shares when on the $XX.XX. an We share and average per the adjusted quarter repurchased for of price transactions. was average costs second and regulatory Equity the million method common a was XX shares $XX quarter investments loss quarter for in of legal Net XXX,XXX for million. nonrecurring earnings quarter for the $XX
net in in in the $XX cash by generated million. flow of is of Excluding the exceeding we $XX on $XX free prior end impact for million went distributions. the million legal expenses, those and $XX of debt dividend million cash high free $XX million the nonrecurring flow million of million share transaction quarter, expenses in tax to $XX repurchases, and repaydown regulatory guidance to $X and
difference to to timing to $XX $XX Please is that million. cash Free approximately and compared as ONE million the quarter primarily flow CapEx the second from consensus is the be expected due estimates, of Media in expenses third note quarter. to Street
to $X.XXX cash year billion billion flow shares. XX For free guidance to reconfirming are on million per of free $X.XX $X.XXX XXXX-XXXX, flow we share per of range or our $X.XX cash
also cash XXXX-XXXX $X.XX our reconfirming or $X.XX per free are to share acquisition. per These of flow pre free billion billion flow on cash million $X.X $X.X guidance estimates the are to RSN We shares. year XX
of our reconfirming $XX 'XX. 'XX for are 'XX RSNs consolidated for per per flow and share pro forma share forma the We and expectation free cash for including pro $XX 'XX,
quarter the repack. including to balance the Turning second sheet were cash $XX million, in flow highlights. for Capital the $XX expenditures and million
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the sale in programming including gain payments Net in spectrum. programming with taxes last quarter million expect Cash line $XX our to the payments year related million, be $XX prior $X were million. during guidance. year's second the were million quarter And to on the for $XX we cash second paid
be approximately on XXXX the extension paid we XXXX, paid a already $XX half income. million in all result the first taxable taxes of cash payments of as For that are to with essentially year estimating of
of on reimbursements higher nonrecurring effective sure credits be on initiatives the those XXXX gain. sale some and income lower rate book pushed be the free from flow and to transaction of For and costs to spectrum due being taxes tax repack purposes, a lower $X timing gains cash sustainability is on back related add year, the now FCC the XXXX. to regulatory in legal for X%, spectrum expected into with tax gains benefit tax of full XXXX approximately to million The reflecting
At was debt. June $XX XX, billion was VIE approximately million. and June non-guaranteed debt Cash of total $XXX XX at including million $X.XXX
on $XXX of revolver on in have addition, total A $XX with $X.X billion. loans term million to bringing In liquidity we roughly we paid In our hand. the remaining available April, cash full million
excluding a trailing at VIE and eight-quarter basis cash. X.XX non-guaranteed net and the Total end was quarter net company leverage times holding through the on of debt
quarters XXX,XXX times. of The first a second quarter. was lien times ratio a trailing repurchased the X.XX eight in covenant X.XX indebtedness We shares on on
$XXX share have remaining million authorization. on We our
financing been we raised priced silo, the mentioned funded five-eighths our unsecured due into at closed six offering Chris five have successfully pending of the notes two RSN bond notes $X.XXX and million due billion XXXX secured three-eighths we acquire to at RSNs. the syndicated of and escrow percent commitments issuances percent and As note close. $X.XXX Xnd acquisition for August These On priced XXXX and
to acquisition. XXX term customary priced basis at raised $X.X billion of loans the silo, committed term conditions and are of subject RSN LIBOR the also be the at will B The closing points. plus drawn For we closing loans seven-year
addition at LIBOR five-year RSN basis priced $XXX a revolving plus of silo initially XXX the points. In raised million credit line
priced to revolving date after is Meanwhile, silo credit closing. $XXX basis will be will the the mature be loans at the plus the at plus years also term Sinclair basis cash raised of to closing XXX five million B its initially facility increase RSN term that The points. loans seven-year intends at $XXX and $XXX points. which silo. drawn million priced million RSN LIBOR will The Sinclair XXX capitalized LIBOR
be expect occur term by to an $XXX Due demand and Sinclair to It expected issuances, high redemption the is will funding percent loans additional debt That XXth. to used XXXX. and due on August redeem the notes we million. five for Sinclair three-eighths the increase B the to
forward As believe a silo near-term we low XX leverage will for we closing, times of think on going is leverage, our after RSN net closing. four about achieve within months the threes high basis, which the target we acquisition Sinclair
target term which where silo, we where levered achieve are that is those diversified months. are equity our with in targeting and companies believe the to align net is RSN XX will to for times investment-grade For the the expect leverage companies Longer trading. media mid-four value we near-term consolidated are which low company
Marks performance. our now take through operating Steve will you
