Additional Financial Information

3 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following tables present supplemental information related to the unaudited condensed consolidated financial statements.

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows as of June 30, 2026 and March 31, 2026. As of June 30, 2026 and March 31, 2026, restricted cash primarily represents amounts related to required cash reserves for interest payments associated with certain corporate debt and film related obligations.


	June 30, 2026		March 31, 2026
	(Amounts in millions)
Cash and cash equivalents	$	425.8	$	341.5
Restricted cash included in other current assets	73.6		78.3

Total cash, cash equivalents and restricted cash	$	499.4	$	419.8

Other Assets

The composition of the Company’s other assets was as follows as of June 30, 2026 and March 31, 2026:


	June 30, 2026		March 31, 2026
	(Amounts in millions)
Other current assets
Prepaid expenses and other	$	32.4	$	25.2
Restricted cash	73.6		78.3
Contract assets	21.1		22.1
Tax credits receivable	239.5		236.8
Total other current assets	$	366.6	$	362.4

Other noncurrent assets
Prepaid expenses and other	$	17.2	$	15.3
Accounts receivable	62.9		75.3
Contract assets	4.1		4.3
Tax credits receivable	421.9		403.6
Operating lease right-of-use assets	259.6		262.9
Total other noncurrent assets	$	765.7	$	761.4

Other Accrued Liabilities

Accrued expenses and other current liabilities include employee related liabilities (such as accrued bonuses and salaries and wages) of $93.1 million and $86.1 million as of June 30, 2026 and March 31, 2026, respectively. In addition, other current and noncurrent liabilities include $296.6 million and $301.2 million of operating lease liabilities as of June 30, 2026 and March 31, 2026, respectively.

Accounts Receivable Monetization

Under the Company’s accounts receivable monetization programs, the Company has entered into individual agreements to monetize certain of its trade accounts receivable directly with third-party purchasers. Under these programs, the Company transfers receivables to purchasers in exchange for cash proceeds that are classified as operating cash flows. Any losses, representing the difference between the net proceeds received (net of any obligations incurred) and the carrying amount of the receivables transferred, are recorded in “other loss, net” on the consolidated statements of operations. The Company continues to service the transferred receivables and receives servicing fees that approximate the fair value of such services. The fees were immaterial for the three months ended June 30, 2026 and 2025. The third-party purchasers have no recourse to other assets of the Company for customer non-payment.

The following table presents a summary of the receivables transferred under individual agreements or purchases during the three months ended June 30, 2026 and 2025:


	Three Months Ended
	June 30,
		2026		2025
		(Amounts in millions)
Carrying value of receivables transferred and derecognized		$	102.6	$	88.4
Net cash proceeds received		$	101.3	$	86.5
Loss recorded related to transfers of receivables		$	1.3	$	1.9

As of June 30, 2026, the Company derecognized $249.0 million (March 31, 2026 - $314.4 million) of receivables from its unaudited condensed consolidated balance sheets related to individual monetization agreements, which the Company continues to service.

Content Related Payables

Content related payables primarily relate to minimum guarantee obligations, which represent amounts payable for film or television rights that the Company has acquired.

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax. During the three months ended June 30, 2026 and 2025, there was no income tax expense or benefit reflected in other comprehensive income due to the income (loss) tax impact being offset by changes in the Company’s deferred tax valuation allowance.


	Foreign currency translation adjustments		Net unrealized gain (loss) on cash flow hedges		Total
	(Amounts in millions)
March 31, 2026	$	(36.7)	$	80.1	$	43.4
Other comprehensive income (loss)	(7.1)		1.0		(6.1)
Reclassifications to net loss(1)	—		(6.3)		(6.3)
June 30, 2026	$	(43.8)	$	74.8	$	31.0

March 31, 2025	$	(22.8)	$	95.4	$	72.6
Other comprehensive income (loss)	20.5		(3.4)		17.1
Reclassifications to net loss(1)	—		(7.4)		(7.4)
Spin off of the Starz Business	(19.2)		—		(19.2)
Elimination of noncontrolling interest(2)	(6.8)		14.6		7.8
June 30, 2025	$	(28.3)	$	99.2	$	70.9

___________________

(1)Primarily represents a gain of $6.3 million included in interest expense on the unaudited condensed consolidated statement of operations in the three months ended June 30, 2026 (three months ended June 30, 2025 - gain of $7.4 million included in interest expense) (see Note 17).

(2)Represents the Legacy Lionsgate Studios noncontrolling interest that was eliminated in connection with the LG Studios Flip (see Note 1).

Supplemental Cash Flow Information

Significant non-cash operating activities during the three months ended June 30, 2026 and 2025 include certain interest rate swap agreements, which are discussed in Note 17.

There were no significant non-cash investing or financing activities for the three months ended June 30, 2026 and 2025.