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

9 Months Ended

Dec. 31, 2017

Consolidating Financial Information [Line Items]

Condensed Consolidating Balance Sheet



	As of
	December 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	$	3.2	$	64.6		$	148.9	$	—		$	216.7
Restricted cash	—		—			—		—			—
Accounts receivable, net	0.3		4.0			900.8		—			905.1
Program rights	—		—			215.6		—			215.6
Other current assets	0.5		23.2			196.8		(4.3		)	216.2
Total current assets	4.0		91.8			1,462.1		(4.3		)	1,553.6
Investment in films and television programs and program rights, net	—		7.3			1,678.6		—			1,685.9
Property and equipment, net	—		36.2			120.3		—			156.5
Investments	30.1		28.9			117.6		—			176.6
Intangible assets	—		—			1,964.9		—			1,964.9
Goodwill	10.2		—			2,730.6		—			2,740.8
Other assets	—		20.2			400.0		—			420.2
Deferred tax assets	42.9		263.4			1.3		(263.4		)	44.2
Subsidiary investments and advances	5,207.6		2,193.0			6,244.7		(13,645.3		)	—
	$	5,294.8	$	2,640.8		$	14,720.1	$	(13,913.0	)	$	8,742.7
Liabilities and Equity (Deficiency)
Accounts payable and accrued liabilities	14.7		60.2			298.8		—			373.7
Participations and residuals	—		3.5			531.1		—			534.6
Film obligations and production loans	—		—			331.2		—			331.2
Debt - short term portion	50.0		—			7.3		—			57.3
Deferred revenue	—		1.7			230.1		—			231.8
Total current liabilities	64.7		65.4			1,398.5		—			1,528.6
Debt	2,169.2		55.7			58.1		—			2,283.0
Participations and residuals	—		—			385.8		—			385.8
Film obligations and production loans	—		—			196.7		—			196.7
Other liabilities	—		—			49.0		—			49.0
Dissenting shareholders liability	—		—			854.5		—			854.5
Deferred revenue	—		—			76.5		—			76.5
Deferred tax liabilities	—		—			472.8		(263.4		)	209.4
Intercompany payable	—		2,810.2			4,089.1		(6,899.3		)	—
Redeemable noncontrolling interest	—		—			98.5		—			98.5
Total equity (deficiency)	3,060.9		(290.5		)	7,040.6		(6,750.3		)	3,060.7
	$	5,294.8	$	2,640.8		$	14,720.1	$	(13,913.0	)	$	8,742.7



	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

Condensed Consolidating Statement of Operations



	Nine Months Ended
	December 31, 2016
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in millions)
STATEMENT OF OPERATIONS
Revenues	$	—		$	11.9		$	1,933.5		$	—		$	1,945.4
EXPENSES:
Direct operating	—			1.8			1,180.5			—			1,182.3
Distribution and marketing	—			0.6			521.2			—			521.8
General and administration	1.4			96.9			136.0			(0.9		)	233.4
Depreciation and amortization	—			8.3			14.8			—			23.1
Restructuring and other	2.3			62.5			7.6			—			72.4
Total expenses	3.7			170.1			1,860.1			(0.9		)	2,033.0
OPERATING INCOME (LOSS)	(3.7		)	(158.2		)	73.4			0.9			(87.6		)
Interest expense	(45.7		)	(170.8		)	(149.8		)	307.8			(58.5		)
Interest and other income	173.4			—			137.6			(307.4		)	3.6
Loss on extinguishment of debt	(21.9		)	(3.3		)	(3.1		)	—			(28.3		)
Gain on Starz investment	20.4			—			—			—			20.4
Equity interests income (loss)	(159.3		)	67.0			15.6			87.9			11.2
INCOME (LOSS) BEFORE INCOME TAXES	(36.8		)	(265.3		)	73.7			89.2			(139.2		)
Income tax benefit (provision)	(10.0		)	106.2			(32.3		)	28.3			92.2
NET INCOME (LOSS)	(46.8		)	(159.1		)	41.4			117.5			(47.0		)
Less: Net loss attributable to noncontrolling interests	—			—			—			0.2			0.2
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(46.8	)	$	(159.1	)	$	41.4		$	117.7		$	(46.8	)



	Nine Months Ended
	December 31, 2017
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
				(Amounts in millions)
STATEMENT OF OPERATIONS
Revenues	$	—		$	4.9		$	3,083.9		$	—		$	3,088.8
EXPENSES:
Direct operating	—			—			1,726.6			—			1,726.6
Distribution and marketing	—			0.7			669.0			—			669.7
General and administration	1.8			129.6			207.2			(1.2		)	337.4
Depreciation and amortization	—			7.9			111.1			—			119.0
Restructuring and other	2.0			19.0			14.8			—			35.8
Total expenses	3.8			157.2			2,728.7			(1.2		)	2,888.5
OPERATING INCOME (LOSS)	(3.8		)	(152.3		)	355.2			1.2			200.3
Interest expense	(98.7		)	(164.8		)	(339.2		)	455.4			(147.3		)
Interest and other income	321.0			—			141.6			(454.9		)	7.7
Loss on extinguishment of debt	(22.9		)	(1.3		)	—			—			(24.2		)
Gain on sale of equity interest in EPIX	—			—			201.0			—			201.0
Impairment of long-term investments and other assets	(10.0		)	—			(19.2		)	—			(29.2		)
Equity interests income (loss)	173.4			536.4			(18.3		)	(726.3		)	(34.8		)
INCOME (LOSS) BEFORE INCOME TAXES	359.0			218.0			321.1			(724.6		)	173.5
Income tax benefit (provision)	23.1			(192.2		)	190.8			183.3			205.0
NET INCOME (LOSS)	382.1			25.8			511.9			(541.3		)	378.5
Less: Net (income) loss attributable to noncontrolling interests	—			—			4.1			(0.3		)	3.8
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	382.1		$	25.8		$	516.0		$	(541.6	)	$	382.3

Condensed Consolidating Statement of Comprehensive Income (Loss)



	Nine Months Ended
	December 31, 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)	$	382.1		$	25.8	$	511.9		$	(541.3	)	$	378.5
Foreign currency translation adjustments, net of tax	2.1			1.7		0.8			(2.5		)	2.1
Net unrealized gain (loss) on available-for-sale securities, net of tax	0.8			1.2		(0.5		)	(0.7		)	0.8
Net unrealized loss on foreign exchange contracts, net of tax	(0.5		)	—		(0.5		)	0.5			(0.5		)
COMPREHENSIVE INCOME (LOSS)	384.5			28.7		511.7			(544.0		)	380.9
Less: Comprehensive (income) loss attributable to noncontrolling interests	—			—		4.1			(0.3		)	3.8
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	384.5		$	28.7	$	515.8		$	(544.3	)	$	384.7



	Nine Months Ended
	December 31, 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)	$	(46.8	)	$	(159.1	)	$	41.4		$	117.5		$	(47.0	)
Foreign currency translation adjustments, net of tax	(7.8		)	(13.6		)	(9.9		)	23.5			(7.8		)
Net unrealized gain (loss) on available-for-sale securities, net of tax	55.3			—			55.3			(55.3		)	55.3
Reclassification adjustment for gain on available-for-sale securities realized in net loss	(20.4		)	—			(20.4		)	20.4			(20.4		)
Net unrealized loss on foreign exchange contracts, net of tax	(4.9		)	—			(4.9		)	4.9			(4.9		)
COMPREHENSIVE INCOME (LOSS)	$	(24.6	)	$	(172.7	)	$	61.5		$	111.0		$	(24.8	)
Less: Comprehensive loss attributable to noncontrolling interests	—			—			—			0.2			0.2
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(24.6	)	$	(172.7	)	$	61.5		$	111.2		$	(24.6	)

Condensed Consolidating Statement of Cash Flows



	Nine Months Ended
	December 31, 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	$	(2,542.5	)	$	65.6		$	2,892.6		$	—	$	415.7
INVESTING ACTIVITIES:
Investment in equity method investees	—			(1.0		)	(12.2		)	—		(13.2		)
Distributions from equity method investee	—			—			2.3			—		2.3
Business acquisitions, net of cash acquired of $73.5	—			—			(1,057.5		)	—		(1,057.5		)
Capital expenditures	—			(8.6		)	(7.2		)	—		(15.8		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(9.6		)	(1,074.6		)	—		(1,084.2		)
FINANCING ACTIVITIES:
Debt - borrowings	3,910.8			—			—			—		3,910.8
Debt - repayments	(1,310.6		)	—			(941.4		)	—		(2,252.0		)
Production loans - borrowings	—			—			230.7			—		230.7
Production loans - repayments	—			—			(623.4		)	—		(623.4		)
Dividends paid	(26.8		)	—			—			—		(26.8		)
Distributions to noncontrolling interest	—			—			(5.9		)	—		(5.9		)
Exercise of stock options	1.0			—			—			—		1.0
Tax withholding required on equity awards	(31.6		)	—			—			—		(31.6		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	2,542.8			—			(1,340.0		)	—		1,202.8
NET CHANGE IN CASH AND CASH EQUIVALENTS	0.3			56.0			478.0			—		534.3
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			2.7			—		2.7
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	0.7			28.1			28.9			—		57.7
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1.0		$	84.1		$	509.6		$	—	$	594.7



	Nine Months Ended
	December 31, 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	$	787.4		$	(63.2	)	$	(352.1	)	$	—	$	372.1
INVESTING ACTIVITIES:
Proceeds from the sale of equity method investees	—			—			393.7			—		393.7
Investment in equity method investees	—			(25.1		)	(22.5		)	—		(47.6		)
Business acquisitions, net of cash acquired of $18.7	—			—			(1.8		)	—		(1.8		)
Capital expenditures	—			(7.7		)	(20.7		)	—		(28.4		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(32.8		)	348.7			—		315.9
FINANCING ACTIVITIES:
Debt - borrowings	161.6			—			—			—		161.6
Debt - repayments	(975.5		)	—			(16.6		)	—		(992.1		)
Production loans - borrowings	—			—			299.5			—		299.5
Production loans - repayments	—			—			(267.2		)	—		(267.2		)
Distributions to noncontrolling interest	—			—			(6.0		)	—		(6.0		)
Exercise of stock options	31.6			—			—			—		31.6
Tax withholding required on equity awards	(17.0		)	—			—			—		(17.0		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	(799.3		)	—			9.7			—		(789.6		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(11.9		)	(96.0		)	6.3			—		(101.6		)
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			(3.6		)	—		(3.6		)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	15.1			160.6			146.2			—		321.9
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	3.2		$	64.6		$	148.9		$	—	$	216.7