XML 15 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]        
Revenues $ 752 $ 671 $ 1,945 $ 1,556
Expenses:        
Direct operating 430 404 1,183 927
Distribution and marketing 175 203 522 428
General and administration 89 57 235 180
Depreciation and amortization 13 3 23 7
Restructuring and other 52 13 70 18
Total expenses 759 680 2,033 1,560
Operating loss (7) (9) (88) (4)
Interest expense        
Cash interest 24 12 50 33
Discount and financing costs amortization 3 2 8 7
Total interest expense 27 14 58 40
Interest and other income (1) 0 (4) (2)
Gain on Starz investment (20) 0 (20) 0
Loss on extinguishment of debt 28 0 28 0
Total other expenses, net 34 14 62 38
Loss before equity interests and income taxes (41) (23) (150) (42)
Equity interests income (loss) (2) 11 11 29
Loss before income taxes (43) (12) (139) (13)
Income tax benefit (12) (45) (92) (44)
Net income (loss) (31) 33 (47) 31
Less: Net loss attributable to noncontrolling interest 0 8 0 8
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ (31) $ 41 $ (47) $ 39
Per share information attributable to Lions Gate Entertainment Corp. shareholders:        
Basic net income (loss) per common share (in usd per share) $ (0.19) $ 0.27 $ (0.31) $ 0.26
Diluted net income (loss) per common share (in usd per share) $ (0.19) $ 0.26 $ (0.31) $ 0.26
Weighted average number of common shares outstanding:        
Basic (in shares) [1] 161.4 149.5 152.2 148.5
Diluted (in shares) 161.4 159.4 152.2 154.4
Dividends declared per common share (in usd per share) $ 0 $ 0.09 $ 0.09 $ 0.25
[1] The weighted average common shares outstanding for the three and nine months ended December 31, 2016 do not include the equity portion of the merger consideration related to the dissenting Starz shareholders as discussed in Note 2 and Note 16.