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Revenue (Tables)

3 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The table below presents revenues by segment, market or product line for the three months ended June 30, 2018 and 2017. As a result of the segment reorganization described in Note 15, the Company has presented prior period segment data in a manner that conforms to the current period presentation. The prior year information in the below table has not been adjusted under the modified retrospective method of adoption of the new revenue recognition guidance.

	Three Months Ended
	June 30,
	2018				2017
	(Amounts in millions)
Revenue by Type:
Motion Pictures
Theatrical	$	50.3			$	50.8
Home Entertainment
Digital Media	86.2				101.5
Packaged Media	76.5				132.5
Total Home Entertainment	162.7				234.0
Television	61.8				57.7
International	67.3				122.8
Other	23.2				7.1
Total Motion Pictures revenues	365.3				472.4
Television Production
Television	217.7				187.5
International	37.0				30.9
Home Entertainment
Digital Media	16.3				41.6
Packaged Media	1.8				1.1
Total Home Entertainment	18.1				42.7
Other	6.6				0.1
Total Television Production revenues	279.4				261.2
Media Networks
Starz Networks - programming revenues	351.2				343.2
Streaming Services - programming revenues	3.7				1.4
Total Media Networks revenues	354.9				344.6
Intersegment eliminations	(66.9		)		(72.9		)
Total revenues	$	932.7			$	1,005.3

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at June 30, 2018 are as follows:

		Rest of Year Ending March 31, 2019				Year Ended March 31,
						2020				2021				Thereafter				Total
		(Amounts in millions)
Remaining Performance Obligations		$	1,199.5			$	576.5			$	212.7			$	273.4			$	2,262.1

The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration.

Contract with Customer, Asset and Liability

At June 30, 2018 and April 1, 2018, accounts receivable, contract assets and deferred revenue are as follows:

	June 30, 2018				April 1, 2018				Addition (Reduction)
	(Amounts in millions)
Accounts receivable, net - current	$	1,044.1			$	1,042.2			$	1.9
Accounts receivable, net - non-current(1)	285.8				257.7				28.1
Contract asset - current(2)	22.5				78.3				(55.8		)
Contract asset - non-current(3)	12.7				71.5				(58.8		)
Deferred revenue - current	202.5				183.8				18.7
Deferred revenue - non-current	61.3				70.5				(9.2		)

__________________

(1) Included in accounts receivable within non-current other assets in the unaudited condensed consolidated balance sheets.

(2) Included in prepaid expenses and other within other current assets in the unaudited condensed consolidated balance sheets.

(3) Included in prepaid expenses and other within non-current other assets in the unaudited condensed consolidated balance sheets.

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Changes to the opening balances of current assets, total assets, current liabilities and total liabilities resulting from the adoption of the new guidance were as follows:

		March 31, 2018				Impact of Adoption				April 1, 2018
		(Amounts in millions)
Current assets		$	1,773.1			$	174.4			$	1,947.5
Total assets		$	8,967.6			$	143.6			$	9,111.2
Current liabilities		$	2,412.4			$	104.1			$	2,516.5
Total liabilities		$	5,708.9			$	124.9			$	5,833.8

The following table presents the line items impacted by the adoption of the new revenue recognition guidance (described in Note 1) on the unaudited condensed consolidated balance sheet and statement of operations:

		June 30, 2018
		As Reported				Impact of Adoption				Without Adoption of New Revenue Guidance
Balance Sheet Information:		(Amounts in millions)
Assets
Accounts receivable, net - current		$	1,044.1			$	(144.3	)		$	899.8
Other assets - current		198.7				(22.6		)		176.1
Other assets - non-current		453.3				(1.5		)		451.8
Investment in films and television programs and program rights, net		1,646.6				34.7				1,681.3
Liabilities
Accounts payable and accrued liabilities		487.4				(76.4		)		411.0
Participations and residuals - current		493.0				(32.6		)		460.4
Deferred revenue - current		202.5				0.6				203.1
Deferred tax liabilities		79.7				(4.9		)		74.8
Equity
Retained earnings		506.2				(20.4		)		485.8

		Three Months Ended June 30, 2018
		As Reported				Impact of Adoption				Without Adoption of New Revenue Guidance
Statement of Operations Information:		(Amounts in millions)
Revenues		$	932.7			$	(3.1	)		$	929.6
Direct operating		530.0				(0.9		)		529.1
Operating income		38.2				(2.2		)		36.0
Loss before income taxes		(17.2		)		(2.2		)		(19.4		)
Income tax benefit		5.8				0.5				6.3
Net loss		(11.4		)		(1.7		)		(13.1		)

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