Denis. Thanks
and sell events year sell third in of in while XXXX. of rates the As Denis the fourth the weekend weekend mentioned quarter our the quarter fall fall this Saturday Friday entire
from $XX.XX year to of at the revenues largely as about compared some extent as admissions to with fact from were higher weekend was fourth million million year fourth earnings, broadcast quarter that this cup If the by revenues in offset lower the whole you last quarter increase revenues. year, the series the see $XX.X of our you'll statement look well this
weekend, rain of NASCAR as success. Saturday Friday's was operational the Regarding last the quarter morning, forcing the event an move mentioned weekend to despite
revenues broadcast and this higher the as offset revenue mentioned were to slightly increase, admissions by revenues. sponsor addition were these also In year lower
Our fairly purse and consistent. fees little expenses more while other sanction were were X% a up all than
For whole year. discount contingent year the expense to year lower income income and accelerated as $XXX,XXX investments certain to last small the through compared related run down last was required we held equity at in depreciation us and the some G&A down be expense other small to lower required obligation to this taxes expense funds non-qualified statement. property increase which had now decided rates the year slightly certain expenses are a the to the Depreciation to profits compared for pension a net included plan We NASCAR almost our year's represents year, last on Speedway. identical $X,XXX,XXX our weekend loss for compared last last quarter. was interest to were about complete with not projects
rate tax the for was income effective Our approximately quarter. XX.X%
a fourth tax the of As that in benefit effective Reform XX% was Tax despite you revalue the to which rate Federal had last recall quarter included tax last new the net our The of impact effect tax discreet resulting recording fourth pre-tax rate. year the adjustment, year $X.X XX.X% a of deferred us using of was as recorded in last approximately benefit quarter. Without our liabilities that earnings. approximately reduce million year liabilities those the
of last or quarter $X.X share of of per year million earnings in fourth almost of $X.X approximately the So tax million impact $X.XX in to or our the diluted the fourth million net year removing per $X.XX quarter non-GAAP quarter net approximately per of adjustment share share. $X.X the have XXXX. reform compared or last net By would were earnings led for $X.XX earnings the with
and at included that statement had where cash Also net compared December strengthen, the end the last had see higher almost and months million liability was balance plan purchases capitalize to taxes the $X.XX obvious continues $X.XX you'll debt ended for we for to year from compared another sheet, available year-end. the income of up year of tax pension position compared $XXX,XXX to paid cash. operating year $X cash debt primarily expenditures lower last our the first $X.XX this frozen XXst, were equipment to rates primarily in and improvements. year. last our We flow nine cash the at million no to available our Turning had financial those for had year on Capital facility a to at XXXX lowering end is pension XXst from of to for we significantly effect the million year December for our of million the contributed deductions during activities
we about in $X.XX a mentioned shares $X.XX the at an cash. quarter during million back $X.XX And and was purchases our fourth total year this at all price bringing year all of average of paid bought the $X stock result annual December we almost of debt Our dividend down available for in of that million that to paid XX,XXX on XXX,XXX our as and shares. is those
for $XXX,XXX plan spending improvement. our XXXX, total for and capital normal about is equipment of For
needed to get your you on our dollars to add spec. bid that several tuned year XX but our amount could and million going quarter work Additionally, fourth we concludes as our interest. we're considering That work that Cup we to Thank shortly Series stay and much old that out Garage be update. improvements bid will for
