Consolidating Financial Information - Convertible Senior Subordinated Notes (Tables) - Convertible Senior Subordinated Notes

3 Months Ended

Jun. 30, 2017

Consolidating Financial Information [Line Items]

Condensed Consolidating Balance Sheet



	As of
	March 31, 2017
	Lions Gate Entertainment Corp.		Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries		Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in millions)
BALANCE SHEET
Assets
Cash and cash equivalents	$	15.1	$	160.6		$	146.2	$	—		$	321.9
Restricted cash	—		2.8			—		—			2.8
Accounts receivable, net	0.6		1.7			905.8		—			908.1
Program rights	—		—			261.7		—			261.7
Other current assets	—		21.0			179.7		(4.8		)	195.9
Total current assets	15.7		186.1			1,493.4		(4.8		)	1,690.4
Investment in films and television programs, net	—		6.5			1,723.0		—			1,729.5
Property and equipment, net	—		36.3			129.2		—			165.5
Investments	40.1		18.0			313.4		—			371.5
Intangible assets	—		—			2,046.7		—			2,046.7
Goodwill	10.2		—			2,690.3		—			2,700.5
Other assets	—		17.1			455.7		—			472.8
Deferred tax assets	20.0		290.8			—		(290.8		)	20.0
Subsidiary investments and advances	5,451.0		1,413.3			5,738.7		(12,603.0		)	—
	$	5,537.0	$	1,968.1		$	14,590.4	$	(12,898.6	)	$	9,196.9
Liabilities and Shareholders' Equity (Deficiency)
Accounts payable and accrued liabilities	24.1		75.3			473.6		—			573.0
Participations and residuals	—		3.5			511.4		—			514.9
Film obligations and production loans	—		—			367.2		—			367.2
Debt - short term portion	70.0		—			7.9		—			77.9
Deferred revenue	—		2.4			154.5		—			156.9
Total current liabilities	94.1		81.2			1,514.6		—			1,689.9
Debt	2,928.6		53.7			64.7		—			3,047.0
Participations and residuals	—		—			359.7		—			359.7
Film obligations and production loans	—		—			116.0		—			116.0
Other liabilities	—		—			50.3		—			50.3
Dissenting shareholders liability	—		—			812.9		—			812.9
Deferred revenue	—		—			72.7		—			72.7
Deferred tax liabilities	—		—			731.0		(290.8		)	440.2
Intercompany payable	—		2,314.6			4,643.7		(6,958.3		)	—
Redeemable noncontrolling interest	—		—			93.8		—			93.8
Total shareholders' equity (deficiency)	2,514.3		(481.4		)	6,131.0		(5,649.5		)	2,514.4
	$	5,537.0	$	1,968.1		$	14,590.4	$	(12,898.6	)	$	9,196.9



	As of
	June 30, 2017
	Lions Gate Entertainment Corp.		Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries		Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in millions)
BALANCE SHEET
Assets
Cash and cash equivalents	$	1.2	$	79.9		$	75.4	$	—		$	156.5
Restricted cash	—		—			—		—			—
Accounts receivable, net	0.7		1.8			820.4		—			822.9
Program rights	—		—			238.8		—			238.8
Other current assets	—		24.7			189.5		(4.6		)	209.6
Total current assets	1.9		106.4			1,324.1		(4.6		)	1,427.8
Investment in films and television programs and program rights, net	—		6.6			1,653.8		—			1,660.4
Property and equipment, net	—		36.0			126.6		—			162.6
Investments	40.1		17.7			121.4		—			179.2
Intangible assets	—		—			2,019.5		—			2,019.5
Goodwill	10.2		—			2,694.3		—			2,704.5
Other assets	—		17.7			428.5		—			446.2
Deferred tax assets	29.1		303.3			—		(298.9		)	33.5
Subsidiary investments and advances	5,292.7		1,818.7			6,039.5		(13,150.9		)	—
	$	5,374.0	$	2,306.4		$	14,407.7	$	(13,454.4	)	$	8,633.7
Liabilities and Shareholders' Equity (Deficiency)
Accounts payable and accrued liabilities	22.2		59.9			246.1		—			328.2
Participations and residuals	—		3.5			495.4		—			498.9
Film obligations and production loans	—		—			168.8		—			168.8
Debt - short term portion	70.0		—			8.0		—			78.0
Deferred revenue	—		2.2			158.9		—			161.1
Total current liabilities	92.2		65.6			1,077.2		—			1,235.0
Debt	2,506.0		54.6			62.6		—			2,623.2
Participations and residuals	—		—			372.1		—			372.1
Film obligations and production loans	—		—			156.8		—			156.8
Other liabilities	—		—			44.2		—			44.2
Dissenting shareholders liability	—		—			826.2		—			826.2
Deferred revenue	—		—			73.1		—			73.1
Deferred tax liabilities	—		—			731.2		(298.9		)	432.3
Intercompany payable	—		2,503.2			4,425.0		(6,928.2		)	—
Redeemable noncontrolling interest	—		—			95.0		—			95.0
Total shareholders' equity (deficiency)	2,775.8		(317.0		)	6,544.3		(6,227.3		)	2,775.8
	$	5,374.0	$	2,306.4		$	14,407.7	$	(13,454.4	)	$	8,633.7

Condensed Consolidating Statement of Operations



	Three Months Ended
	June 30, 2016
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in millions)
STATEMENT OF OPERATIONS
Revenues	$	—		$	5.2		$	548.4		$	—		$	553.6
EXPENSES:
Direct operating	—			1.0			365.3			—			366.3
Distribution and marketing	—			0.5			124.5			—			125.0
General and administration	0.4			38.7			32.0			(0.1		)	71.0
Depreciation and amortization	—			3.6			2.0			—			5.6
Restructuring and other	—			7.6			0.1			—			7.7
Total expenses	0.4			51.4			523.9			(0.1		)	575.6
OPERATING INCOME (LOSS)	(0.4		)	(46.2		)	24.5			0.1			(22.0		)
Other expenses (income):
Interest expense	11.1			57.1			45.7			(98.7		)	15.2
Interest and other income	(53.9		)	0.1			(45.7		)	98.6			(0.9		)
Total other expenses (income)	(42.8		)	57.2			—			(0.1		)	14.3
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	42.4			(103.4		)	24.5			0.2			(36.3		)
Equity interests income (loss)	(40.6		)	35.4			11.4			4.6			10.8
INCOME (LOSS) BEFORE INCOME TAXES	1.8			(68.0		)	35.9			4.8			(25.5		)
Income tax provision (benefit)	0.5			(27.4		)	14.2			(13.6		)	(26.3		)
NET INCOME (LOSS)	1.3			(40.6		)	21.7			18.4			0.8
Less: Net loss attributable to noncontrolling interest	—			—			—			0.5			0.5
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	1.3		$	(40.6	)	$	21.7		$	18.9		$	1.3



	Three Months Ended
	June 30, 2017
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
				(Amounts in millions)
STATEMENT OF OPERATIONS
Revenues	$	—		$	1.3		$	1,004.0		$	—		$	1,005.3
EXPENSES:
Direct operating	—			(0.9		)	555.8			—			554.9
Distribution and marketing	—			1.6			196.5			—			198.1
General and administration	0.8			41.3			70.0			(0.4		)	111.7
Depreciation and amortization	—			2.6			37.4			—			40.0
Restructuring and other	1.1			9.1			0.7			—			10.9
Total expenses	1.9			53.7			860.4			(0.4		)	915.6
OPERATING INCOME (LOSS)	(1.9		)	(52.4		)	143.6			0.4			89.7
Other expenses (income):
Interest expense	36.4			55.1			111.0			(150.2		)	52.3
Interest and other income	(105.4		)	—			(47.4		)	150.0			(2.8		)
Loss on extinguishment of debt	10.9			0.7			—			—			11.6
Total other expenses (income)	(58.1		)	55.8			63.6			(0.2		)	61.1
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	56.2			(108.2		)	80.0			0.6			28.6
Equity interests income (loss)	108.6			277.0			(3.1		)	(390.8		)	(8.3		)
Gain on sale of equity interest in EPIX	—			—			201.0			—			201.0
INCOME (LOSS) BEFORE INCOME TAXES	164.8			168.8			277.9			(390.2		)	221.3
Income tax provision (benefit)	(9.0		)	60.2			105.8			(110.2		)	46.8
NET INCOME (LOSS)	173.8			108.6			172.1			(280.0		)	174.5
Less: Net income attributable to noncontrolling interest	—			—			—			(0.7		)	(0.7		)
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	173.8		$	108.6		$	172.1		$	(280.7	)	$	173.8

Condensed Consolidating Statement of Comprehensive Income (Loss)



	Three Months Ended
	June 30, 2016
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
STATEMENT OF COMPREHENSIVE INCOME (LOSS)	(Amounts in millions)
NET INCOME (LOSS)	$	1.3		$	(40.6	)	$	21.7		$	18.4		$	0.8
Foreign currency translation adjustments, net of tax	(4.3		)	(7.0		)	(11.0		)	18.0			(4.3		)
Net unrealized gain (loss) on available-for-sale securities, net of tax	16.9			—			16.9			(16.9		)	16.9
Net unrealized loss on foreign exchange contracts, net of tax	(2.6		)	—			(2.6		)	2.6			(2.6		)
COMPREHENSIVE INCOME (LOSS)	$	11.3		$	(47.6	)	$	25.0		$	22.1		$	10.8
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			0.5			0.5
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	11.3		$	(47.6	)	$	25.0		$	22.6		$	11.3



	Three Months Ended
	June 30, 2017
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
STATEMENT OF COMPREHENSIVE INCOME (LOSS)				(Amounts in millions)
NET INCOME (LOSS)	$	173.8		$	108.6		$	172.1		$	(280.0	)	$	174.5
Foreign currency translation adjustments, net of tax	1.1			3.3			(10.4		)	8.0			2.0
Net unrealized loss on available-for-sale securities, net of tax	(0.9		)	(0.9		)	—			0.9			(0.9		)
Net unrealized gain on foreign exchange contracts, net of tax	0.7			—			0.7			(0.7		)	0.7
COMPREHENSIVE INCOME (LOSS)	174.7			111.0			162.4			(271.8		)	176.3
Less: Comprehensive income attributable to noncontrolling interest	—			—			—			(0.7		)	(0.7		)
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	174.7		$	111.0		$	162.4		$	(272.5	)	$	175.6

Condensed Consolidating Statement of Cash Flows



	Three Months Ended
	June 30, 2017
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments		Lions Gate Consolidated
	(Amounts in millions)
STATEMENT OF CASH FLOWS
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	419.9		$	(75.9	)	$	(274.4	)	$	—	$	69.6
INVESTING ACTIVITIES:
Proceeds from the sale of equity method investees	—			—			393.7			—		393.7
Investment in equity method investees	—			(2.7		)	(6.8		)	—		(9.5		)
Capital expenditures	—			(2.1		)	(7.3		)	—		(9.4		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(4.8		)	379.6			—		374.8
FINANCING ACTIVITIES:
Debt - borrowings	115.0			—			—			—		115.0
Debt - repayments	(552.5		)	—			(1.5		)	—		(554.0		)
Production loans - borrowings	—			—			38.5			—		38.5
Production loans - repayments	—			—			(209.1		)	—		(209.1		)
Distributions to noncontrolling interest	—			—			(3.0		)	—		(3.0		)
Exercise of stock options	9.2			—			—			—		9.2
Tax withholding required on equity awards	(5.5		)	—			—			—		(5.5		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	(433.8		)	—			(175.1		)	—		(608.9		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(13.9		)	(80.7		)	(69.9		)	—		(164.5		)
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			(0.9		)	—		(0.9		)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	15.1			160.6			146.2			—		321.9
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1.2		$	79.9		$	75.4		$	—	$	156.5



	Three Months Ended
	June 30, 2016
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments		Lions Gate Consolidated
	(Amounts in millions)
STATEMENT OF CASH FLOWS
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(37.0	)	$	2.4		$	177.7		$	—	$	143.1
INVESTING ACTIVITIES:
Investment in equity method investees and other investments	—			—			(4.2		)	—		(4.2		)
Capital expenditures	—			(2.0		)	(0.9		)	—		(2.9		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(2.0		)	(5.1		)	—		(7.1		)
FINANCING ACTIVITIES:
Debt - borrowings	185.0			—			—			—		185.0
Debt - repayments	(121.0		)	—			—			—		(121.0		)
Production loans - borrowings	—			—			63.3			—		63.3
Production loans - repayments	—			—			(222.7		)	—		(222.7		)
Dividends paid	(13.2		)	—			—			—		(13.2		)
Distributions to noncontrolling interest	—			—			(2.2		)	—		(2.2		)
Exercise of stock options	0.4			—			—			—		0.4
Tax withholding required on equity awards	(13.8		)	—			—			—		(13.8		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	37.4			—			(161.6		)	—		(124.2		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	0.4			0.4			11.0			—		11.8
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			0.4			—		0.4
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	0.7			28.1			28.9			—		57.7
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1.1		$	28.5		$	40.3		$	—	$	69.9