XML 18 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:    
Net income (loss) $ (47) $ 31
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 23 7
Amortization of films and television programs and program rights 902 655
Discount and financing costs amortization 8 7
Non-cash share-based compensation 74 47
Other non-cash items 4 1
Distribution from equity method investee 14 0
Gain on Starz investment (20) 0
Loss on extinguishment of debt (28) 0
Equity interests income (11) (29)
Deferred income taxes (109) (55)
Changes in operating assets and liabilities:    
Accounts receivable, net 59 (37)
Investment in films and television programs and program rights, net (660) (771)
Other assets (6) (2)
Accounts payable and accrued liabilities 79 (8)
Participations and residuals 126 77
Film obligations 24 (30)
Deferred revenue (72) (4)
Net Cash Flows Provided By (Used In) Operating Activities 416 (111)
Investing Activities:    
Investment in equity method investees and other (13) (4)
Distributions from equity method investees 2 0
Purchase of Starz, net of cash acquired of $73 (see Note 2) (1,057) 0
Purchase of Pilgrim Media Group, net of cash acquired of $16 (see Note 2) 0 (127)
Capital expenditures (16) (14)
Net Cash Flows Used In Investing Activities (1,084) (145)
Financing Activities:    
Debt - borrowings 3,911 262
Debt - repayments (2,252) (238)
Production loans - borrowings 231 510
Production loans - repayments (623) (241)
Dividends paid (27) (34)
Distributions to noncontrolling interest (6) 0
Exercise of stock options 1 6
Tax withholding required on equity awards (32) (23)
Net Cash Flows Provided By Financing Activities 1,203 242
Net Change In Cash And Cash Equivalents 535 (14)
Foreign Exchange Effects on Cash 2 (1)
Cash and Cash Equivalents - Beginning Of Period 58 103
Cash and Cash Equivalents - End Of Period $ 595 $ 88