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This step aligns with corporate governance bestpractices. The effective tax rate was approximately 26.1% For the second quarter, we had non-GAAP pre-tax adjustments associated primarily with the FOX acquisition-related items, totaling approximately $4 million of pre-tax expense in the quarter. in the quarter.
We're on track to fully deliver in line with guidance on all aspects of the combination through efficiencies, cost synergies, and free cash flow impact leveraging operational bestpractices from Aon business services. And then my follow-up question, the tax rate in the quarter went to above 22%. Turning now to free cash flow.
With lower capex and higher free cash flow, we returned nearly $4 billion to stockholders. And we meaningfully improved our return on invested capital. Turning to other aspects of our outlook, our estimated effective tax rate for the full year is approximately 24.5% a year early. Our team focused on what we could control.
million expense related to the remeasurement of the company's tax receivable agreement; $4.5 million on tax receivable agreement and tax distributions to pre-IPO LLC members; 3.5 For the full year, our tax rate is expected to be mid- to high-single digits, share count for purposes of earnings per share calculation to be 31.8
And finally, the rollback of government efforts to support consumers during the pandemic, including stimulus payments, enhanced child care tax credits, and the suspension of student loan payments presents an ongoing headwind that consumers continue to manage. For the second quarter, our trailing 12-month after-tax ROIC was 13.7%.
We're also making investments in technology to make it easier for our team members to serve our guests. So now I want to end my commentary on the quarter by covering our after-taxreturn on invested capital, which is an important measure of the quality of both our financial results and our capital investments.
Beyond product availability, our store teams continue to focus on retail fundamentals and operational excellence, ensuring we maintain bestpractices, particularly when it comes to the guest experience. Now, I'll close my commentary on the quarter by covering our after-taxreturn on invested capital. a year ago.
That's a good segue into the next area of focus, which is delivering the most efficient global operating model centered around cost discipline, margin expansion, and increasing returns on invested capital. We've brought in resources from other parts of our company to help with that and kind of utilizing bestpractices.
In total last year, our store teams rolled out new training on 25 separate bestpractices, and we've seen the benefit in our recent guest surveys. And finally, after taxreturn on invested capital expanded by well over 3 percentage points from 12.6% billion last year. in 2022 to 16.1%
Advertisers and vendors consistently cite ease which they're able to deliver, creative campaigns that provide a strong return on investment. We're planning to deliver a modest increase in our operating margin rate this year as profit tailwinds offset continued investments in long-term profitable growth.
Net income benefited by a $476 million in pre-tax gains on our crypto asset investment portfolio. I want to note that on an after-tax basis, this represented $357 million of gains. It's a one-year return on investment. And so, that's the trading activity that really typically drives that return.
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