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

6 Months Ended

Sep. 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 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 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
	September 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	$	1.4	$	122.8		$	101.7	$	—		$	225.9
Restricted cash	—		—			—		—			—
Accounts receivable, net	0.4		2.7			800.5		—			803.6
Program rights	—		—			229.7		—			229.7
Other current assets	0.2		20.8			227.8		(4.4		)	244.4
Total current assets	2.0		146.3			1,359.7		(4.4		)	1,503.6
Investment in films and television programs and program rights, net	—		6.8			1,682.9		—			1,689.7
Property and equipment, net	—		36.5			125.1		—			161.6
Investments	40.1		32.7			117.6		—			190.4
Intangible assets	—		—			1,992.2		—			1,992.2
Goodwill	10.2		—			2,700.3		—			2,710.5
Other assets	—		17.1			396.3		—			413.4
Deferred tax assets	35.2		354.1			4.0		(354.1		)	39.2
Subsidiary investments and advances	5,095.0		1,702.9			6,015.9		(12,813.8		)	—
	$	5,182.5	$	2,296.4		$	14,394.0	$	(13,172.3	)	$	8,700.6
Liabilities and Equity (Deficiency)
Accounts payable and accrued liabilities	32.0		60.8			303.4		—			396.2
Participations and residuals	—		3.5			507.0		—			510.5
Film obligations and production loans	—		—			294.9		—			294.9
Debt - short term portion	70.0		—			7.8		—			77.8
Deferred revenue	—		2.0			209.8		—			211.8
Total current liabilities	102.0		66.3			1,322.9		—			1,491.2
Debt	2,253.7		55.2			59.8		—			2,368.7
Participations and residuals	—		—			394.9		—			394.9
Film obligations and production loans	—		—			136.6		—			136.6
Other liabilities	—		—			43.5		—			43.5
Dissenting shareholders liability	—		—			840.1		—			840.1
Deferred revenue	—		—			83.4		—			83.4
Deferred tax liabilities	—		—			772.3		(354.1		)	418.2
Intercompany payable	—		2,577.5			4,099.6		(6,677.1		)	—
Redeemable noncontrolling interest	—		—			97.2		—			97.2
Total equity (deficiency)	2,826.8		(402.6		)	6,543.7		(6,141.1		)	2,826.8
	$	5,182.5	$	2,296.4		$	14,394.0	$	(13,172.3	)	$	8,700.6

Condensed Consolidating Statement of Operations



	Six Months Ended
	September 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	$	—		$	8.8		$	1,184.3		$	—		$	1,193.1
EXPENSES:
Direct operating	—			1.5			751.7			—			753.2
Distribution and marketing	—			0.5			346.5			—			347.0
General and administration	0.8			79.1			65.5			(0.6		)	144.8
Depreciation and amortization	—			5.9			4.1			—			10.0
Restructuring and other	0.5			13.3			4.5			—			18.3
Total expenses	1.3			100.3			1,172.3			(0.6		)	1,273.3
OPERATING INCOME (LOSS)	(1.3		)	(91.5		)	12.0			0.6			(80.2		)
Other expenses (income):
Interest expense	22.9			114.1			91.5			(197.4		)	31.1
Interest and other income	(107.8		)	—			(91.5		)	197.1			(2.2		)
Total other expenses (income)	(84.9		)	114.1			—			(0.3		)	28.9
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	83.6			(205.6		)	12.0			0.9			(109.1		)
Equity interests income (loss)	(96.9		)	24.2			13.5			71.9			12.7
INCOME (LOSS) BEFORE INCOME TAXES	(13.3		)	(181.4		)	25.5			72.8			(96.4		)
Income tax provision (benefit)	2.9			(84.5		)	11.2			(9.5		)	(79.9		)
NET INCOME (LOSS)	(16.2		)	(96.9		)	14.3			82.3			(16.5		)
Less: Net loss attributable to noncontrolling interest	—			—			—			0.3			0.3
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(16.2	)	$	(96.9	)	$	14.3		$	82.6		$	(16.2	)



	Six Months Ended
	September 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	$	—		$	3.3		$	1,942.8		$	—		$	1,946.1
EXPENSES:
Direct operating	—			—			1,076.4			—			1,076.4
Distribution and marketing	—			0.5			432.1			—			432.6
General and administration	2.0			85.7			136.4			(0.8		)	223.3
Depreciation and amortization	—			5.1			74.2			—			79.3
Restructuring and other	1.8			10.4			2.2			—			14.4
Total expenses	3.8			101.7			1,721.3			(0.8		)	1,826.0
OPERATING INCOME (LOSS)	(3.8		)	(98.4		)	221.5			0.8			120.1
Other expenses (income):
Interest expense	68.9			110.0			227.6			(305.5		)	101.0
Interest and other income	(215.9		)	—			(94.8		)	305.2			(5.5		)
Loss on extinguishment of debt	17.0			1.0			—			—			18.0
Total other expenses (income)	(130.0		)	111.0			132.8			(0.3		)	113.5
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	126.2			(209.4		)	88.7			1.1			6.6
Equity interests income (loss)	47.8			287.5			(9.2		)	(347.1		)	(21.0		)
Gain on sale of equity interest in EPIX	—			—			201.0			—			201.0
INCOME (LOSS) BEFORE INCOME TAXES	174.0			78.1			280.5			(346.0		)	186.6
Income tax provision (benefit)	(15.3		)	30.3			110.2			(126.0		)	(0.8		)
NET INCOME (LOSS)	189.3			47.8			170.3			(220.0		)	187.4
Less: Net income attributable to noncontrolling interest	—			—			1.9			—			1.9
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	189.3		$	47.8		$	172.2		$	(220.0	)	$	189.3

Condensed Consolidating Statement of Comprehensive Income (Loss)



	Six Months Ended
	September 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)	$	(16.2	)	$	(96.9	)	$	14.3		$	82.3		$	(16.5	)
Foreign currency translation adjustments, net of tax	(5.5		)	(8.9		)	(9.1		)	18.0			(5.5		)
Net unrealized gain (loss) on available-for-sale securities, net of tax	22.9			—			22.9			(22.9		)	22.9
Net unrealized loss on foreign exchange contracts, net of tax	(3.0		)	—			(3.0		)	3.0			(3.0		)
COMPREHENSIVE INCOME (LOSS)	$	(1.8	)	$	(105.8	)	$	25.1		$	80.4		$	(2.1	)
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			0.3			0.3
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(1.8	)	$	(105.8	)	$	25.1		$	80.7		$	(1.8	)



	Six Months Ended
	September 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)	$	189.3		$	47.8	$	170.3		$	(220.0	)	$	187.4
Foreign currency translation adjustments, net of tax	4.5			0.4		(0.3		)	(3.0		)	1.6
Net unrealized loss on available-for-sale securities, net of tax	3.0			3.0		—			(3.0		)	3.0
Net unrealized gain on foreign exchange contracts, net of tax	(0.1		)	—		(0.1		)	0.1			(0.1		)
COMPREHENSIVE INCOME (LOSS)	196.7			51.2		169.9			(225.9		)	191.9
Less: Comprehensive income attributable to noncontrolling interest	—			—		1.9			—			1.9
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	196.7		$	51.2	$	171.8		$	(225.9	)	$	193.8

Condensed Consolidating Statement of Cash Flows



	Six Months Ended
	September 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	$	672.4		$	(15.2	)	$	(317.8	)	$	—	$	339.4
INVESTING ACTIVITIES:
Proceeds from the sale of equity method investees	—			—			393.7			—		393.7
Investment in equity method investees	—			(17.5		)	(11.8		)	—		(29.3		)
Capital expenditures	—			(5.1		)	(16.2		)	—		(21.3		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(22.6		)	365.7			—		343.1
FINANCING ACTIVITIES:
Debt - borrowings	115.0			—			—			—		115.0
Debt - repayments	(815.0		)	—			(3.0		)	—		(818.0		)
Production loans - borrowings	—			—			169.7			—		169.7
Production loans - repayments	—			—			(251.6		)	—		(251.6		)
Distributions to noncontrolling interest	—			—			(4.6		)	—		(4.6		)
Exercise of stock options	22.4			—			—			—		22.4
Tax withholding required on equity awards	(8.5		)	—			—			—		(8.5		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	(686.1		)	—			(89.5		)	—		(775.6		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(13.7		)	(37.8		)	(41.6		)	—		(93.1		)
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			(2.9		)	—		(2.9		)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	15.1			160.6			146.2			—		321.9
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1.4		$	122.8		$	101.7		$	—	$	225.9



	Six Months Ended
	September 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	$	(85.7	)	$	32.7		$	247.4		$	—	$	194.4
INVESTING ACTIVITIES:
Investment in equity method investees	—			(1.0		)	(4.4		)	—		(5.4		)
Distributions from equity method investee	—			—			2.3			—		2.3
Capital expenditures	—			(4.5		)	(1.8		)	—		(6.3		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(5.5		)	(3.9		)	—		(9.4		)
FINANCING ACTIVITIES:
Debt - borrowings	454.0			—			—			—		454.0
Debt - repayments	(314.0		)	—			—			—		(314.0		)
Production loans - borrowings	—			—			152.3			—		152.3
Production loans - repayments	—			—			(373.7		)	—		(373.7		)
Dividends paid	(26.8		)	—			—			—		(26.8		)
Distributions to noncontrolling interest	—			—			(3.3		)	—		(3.3		)
Exercise of stock options	0.5			—			—			—		0.5
Tax withholding required on equity awards	(27.3		)	—			—			—		(27.3		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	86.4			—			(224.7		)	—		(138.3		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	0.7			27.2			18.8			—		46.7
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			1.6			—		1.6
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	0.7			28.1			28.9			—		57.7
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1.4		$	55.3		$	49.3		$	—	$	106.0