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

12 Months Ended

Mar. 31, 2018

Consolidating Financial Information [Line Items]

Condensed Consolidating Balance Sheet



	As of
	March 31, 2018
	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	$	2.1	$	247.7	$	128.3	$	—		$	378.1
Restricted cash	—		—		—		—			—
Accounts receivable, net	0.5		14.5		931.0		—			946.0
Program rights	—		—		253.2		—			253.2
Other current assets	2.0		19.9		178.2		(4.3		)	195.8
Total current assets	4.6		282.1		1,490.7		(4.3		)	1,773.1
Investment in films and television programs and program rights, net	—		7.3		1,684.7		—			1,692.0
Property and equipment, net	—		37.4		124.3		—			161.7
Investments	30.1		23.8		111.0		—			164.9
Intangible assets	—		—		1,937.7		—			1,937.7
Goodwill	10.2		—		2,730.6		—			2,740.8
Other assets	—		17.1		441.5		—			458.6
Deferred tax assets	38.2		371.3		0.6		(371.3		)	38.8
Subsidiary investments and advances	3,114.8		1,633.6		8,746.4		(13,494.8		)	—
	$	3,197.9	$	2,372.6	$	17,267.5	$	(13,870.4	)	$	8,967.6
Liabilities and Equity (Deficiency)
Accounts payable and accrued liabilities	33.5		76.9		337.3		—			447.7
Participations and residuals	—		3.5		501.0		—			504.5
Film obligations and production loans	—		—		327.9		—			327.9
Debt - short term portion	—		60.2		18.9		—			79.1
Dissenting shareholders' liability	—		—		869.3		—			869.3
Deferred revenue	—		1.5		182.4		—			183.9
Total current liabilities	33.5		142.1		2,236.8		—			2,412.4
Debt	7.7		—		2,545.4		(74.8		)	2,478.3
Participations and residuals	—		—		438.3		—			438.3
Film obligations and production loans	—		—		173.3		(2.0		)	171.3
Other liabilities	—		—		46.4		—			46.4
Deferred revenue	—		—		70.5		(0.2		)	70.3
Deferred tax liabilities	—		—		463.2		(371.3		)	91.9
Intercompany payable	—		2,051.9		1,181.9		(3,233.8		)	—
Redeemable noncontrolling interest	—		—		101.8		—			101.8
Total equity (deficiency)	3,156.7		178.6		10,009.9		(10,188.3		)	3,156.9
	$	3,197.9	$	2,372.6	$	17,267.5	$	(13,870.4	)	$	8,967.6



	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 Income



	Year Ended
	March 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	$	—		$	23.7		$	2,324.2		$	(0.5	)	$	2,347.4
EXPENSES:
Direct operating	—			0.5			1,414.8			—			1,415.3
Distribution and marketing	—			6.5			655.3			—			661.8
General and administration	3.4			153.1			107.4			(1.5		)	262.4
Depreciation and amortization	—			9.3			3.8			—			13.1
Restructuring and other	3.1			6.0			10.7			—			19.8
Total expenses	6.5			175.4			2,192.0			(1.5		)	2,372.4
OPERATING INCOME (LOSS)	(6.5		)	(151.7		)	132.2			1.0			(25.0		)
Interest expense	(38.6		)	(220.6		)	(176.0		)	380.3			(54.9		)
Interest and other income	209.4			0.2			172.1			(379.8		)	1.9
Equity interests income (loss)	(113.2		)	182.7			46.7			(72.0		)	44.2
INCOME (LOSS) BEFORE INCOME TAXES	51.1			(189.4		)	175.0			(70.5		)	(33.8		)
Income tax provision (benefit)	(0.9		)	76.3			(65.5		)	66.6			76.5
NET INCOME (LOSS)	50.2			(113.1		)	109.5			(3.9		)	42.7
Less: Net loss attributable to noncontrolling interest	—			—			—			7.5			7.5
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	50.2		$	(113.1	)	$	109.5		$	3.6		$	50.2



	Year Ended
	March 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	$	—		$	17.0		$	3,184.5		$	—		$	3,201.5
EXPENSES:
Direct operating	—			1.7			1,902.1			—			1,903.8
Distribution and marketing	—			1.7			805.1			—			806.8
General and administration	1.1			129.0			226.6			(1.3		)	355.4
Depreciation and amortization	—			11.0			52.1			—			63.1
Restructuring and other	4.0			71.7			13.0			—			88.7
Total expenses	5.1			215.1			2,998.9			(1.3		)	3,217.8
OPERATING INCOME (LOSS)	(5.1		)	(198.1		)	185.6			1.3			(16.3		)
Interest expense	(84.1		)	(225.8		)	(263.1		)	457.8			(115.2		)
Interest and other income	278.8			—			184.8			(457.2		)	6.4
Loss on extinguishment of debt	(34.1		)	(3.2		)	(3.1		)	—			(40.4		)
Gain on Starz investment	20.4			—			—			—			20.4
Equity interests income (loss)	(171.3		)	112.7			18.1			51.2			10.7
INCOME (LOSS) BEFORE INCOME TAXES	4.6			(314.4		)	122.3			53.1			(134.4		)
Income tax benefit (provision)	10.2			140.8			(47.7		)	45.6			148.9
NET INCOME (LOSS)	14.8			(173.6		)	74.6			98.7			14.5
Less: Net loss attributable to noncontrolling interest	—			—			—			0.3			0.3
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	14.8		$	(173.6	)	$	74.6		$	99.0		$	14.8



	Year Ended
	March 31, 2018
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
				(Amounts in millions)
STATEMENT OF OPERATIONS
Revenues	$	0.1		$	6.5		$	4,122.5		$	—		$	4,129.1
EXPENSES:
Direct operating	(0.2		)	—			2,309.8			—			2,309.6
Distribution and marketing	—			0.7			896.9			—			897.6
General and administration	2.8			174.4			278.8			(1.6		)	454.4
Depreciation and amortization	—			10.6			148.4			—			159.0
Restructuring and other	2.6			24.2			33.0			—			59.8
Total expenses	5.2			209.9			3,666.9			(1.6		)	3,880.4
OPERATING INCOME (LOSS)	(5.1		)	(203.4		)	455.6			1.6			248.7
Interest expense	(125.7		)	(219.6		)	(1,130.2		)	1,281.8			(193.7		)
Interest and other income	1,102.6			—			189.0			(1,281.2		)	10.4
Loss on extinguishment of debt	(24.8		)	(1.4		)	(9.5		)	—			(35.7		)
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)	(482.0		)	134.7			(26.3		)	320.8			(52.8		)
INCOME (LOSS) BEFORE INCOME TAXES	455.0			(289.7		)	(339.6		)	323.0			148.7
Income tax provision (benefit)	18.4			(139.1		)	378.2			61.9			319.4
NET INCOME (LOSS)	473.4			(428.8		)	38.6			384.9			468.1
Less: Net loss attributable to noncontrolling interest	—			—			5.9			(0.4		)	5.5
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	473.4		$	(428.8	)	$	44.5		$	384.5		$	473.6

Condensed Consolidating Statement of Comprehensive Income



	Year Ended
	March 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)	$	50.2		$	(113.1	)	$	109.5		$	(3.9	)	$	42.7
Foreign currency translation adjustments, net of tax	(3.1		)	(4.3		)	(6.5		)	10.8			(3.1		)
Net unrealized loss on available-for-sale securities, net of tax	(37.6		)	—			(37.6		)	37.6			(37.6		)
Net unrealized gain on foreign exchange contracts, net of tax	(0.2		)	—			(0.2		)	0.2			(0.2		)
COMPREHENSIVE INCOME (LOSS)	$	9.3		$	(117.4	)	$	65.2		$	44.7		$	1.8
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			7.5			7.5
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	9.3		$	(117.4	)	$	65.2		$	52.2		$	9.3



	Year Ended
	March 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)	$	14.8		$	(173.6	)	$	74.6		$	98.7		$	14.5
Foreign currency translation adjustments, net of tax	(3.0		)	(14.0		)	(11.3		)	20.2			(8.1		)
Net unrealized loss on available-for-sale securities, net of tax	56.4			—			56.4			(56.4		)	56.4
Reclassification adjustment for gain on available-for-sale securities realized in net income	(17.8		)	—			(17.8		)	17.8			(17.8		)
Net unrealized gain on foreign exchange contracts, net of tax	(3.5		)	—			(3.5		)	3.5			(3.5		)
COMPREHENSIVE INCOME (LOSS)	$	46.9		$	(187.6	)	$	98.4		$	83.8		$	41.5
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			0.3			0.3
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	46.9		$	(187.6	)	$	98.4		$	84.1		$	41.8



	Year Ended
	March 31, 2018
	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)	$	473.4		$	(428.8	)	$	38.6		$	384.9		$	468.1
Foreign currency translation adjustments, net of tax	6.2			7.0			6.5			(12.7		)	7.0
Net unrealized gain (loss) on available-for-sale securities, net of tax	0.5			(0.7		)	0.2			(0.5		)	(0.5		)
Net unrealized loss on foreign exchange contracts, net of tax	(0.2		)	—			(0.2		)	0.2			(0.2		)
COMPREHENSIVE INCOME (LOSS)	479.9			(422.5		)	45.1			371.9			474.4
Less: Comprehensive (income) loss attributable to noncontrolling interest	—			—			5.9			(0.4		)	5.5
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	479.9		$	(422.5	)	$	51.0		$	371.5		$	479.9

Condensed Consolidating Statement of Cash Flows



	Year Ended
	March 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	$	(49.1	)	$	7.7		$	22.4		$	—	$	(19.0	)
INVESTING ACTIVITIES:
Proceeds from the sale of equity method investees	—			—			—			—		—
Investment in equity method investees	—			(8.6		)	(8.2		)	—		(16.8		)
Business acquisitions, net of cash acquired of $15.8	—			—			(126.9		)	—		(126.9		)
Capital expenditures	—			(18.3		)	(0.1		)	—		(18.4		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(26.9		)	(135.2		)	—		(162.1		)
FINANCING ACTIVITIES:
Debt - borrowings	629.5			—			—			—		629.5
Debt - repayments	(444.5		)	—			—			—		(444.5		)
Production loans - borrowings	—			—			572.6			—		572.6
Production loans - repayments	—			—			(483.1		)	—		(483.1		)
Repurchase of common shares	(73.2		)	—			—			—		(73.2		)
Dividends paid	(47.5		)	—			—			—		(47.5		)
Exercise of stock options	6.1			—			—			—		6.1
Tax withholding required on equity awards	(24.2		)	—			—			—		(24.2		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	46.2			—			89.5			—		135.7
NET CHANGE IN CASH AND CASH EQUIVALENTS	(2.9		)	(19.2		)	(23.3		)	—		(45.4		)
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			0.4			—		0.4
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	3.5			47.3			51.9			—		102.7
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	0.6		$	28.1		$	29.0		$	—	$	57.7



	Year Ended
	March 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	$	(2,121.9	)	$	145.2		$	2,535.3		$	—	$	558.6
INVESTING ACTIVITIES:
Investment in equity method investees	—			(4.2		)	(16.4		)	—		(20.6		)
Distributions from equity method investees	—			0.4			2.7			—		3.1
Business acquisitions, net of cash acquired of $73.5	—			—			(1,102.6		)	—		(1,102.6		)
Capital expenditures	—			(8.9		)	(16.3		)	—		(25.2		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(12.7		)	(1,132.6		)	—		(1,145.3		)
FINANCING ACTIVITIES:
Debt - borrowings	4,002.8			—			—			—		4,002.8
Debt - repayments	(1,824.1		)	—			(942.8		)	—		(2,766.9		)
Production loans - borrowings	—			—			296.0			—		296.0
Production loans - repayments	—			—			(632.6		)	—		(632.6		)
Dividends paid	(26.8		)	—			—			—		(26.8		)
Distributions to noncontrolling interest	—			—			(6.9		)	—		(6.9		)
Exercise of stock options	25.4			—			—			—		25.4
Tax withholding required on equity awards	(40.9		)	—			—			—		(40.9		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	2,136.4			—			(1,286.3		)	—		850.1
NET CHANGE IN CASH AND CASH EQUIVALENTS	14.5			132.5			116.4			—		263.4
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			0.8			—		0.8
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	0.6			28.1			29.0			—		57.7
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	15.1		$	160.6		$	146.2		$	—	$	321.9



	Year Ended
	March 31, 2018
	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	$	2,554.0		$	130.6		$	(2,295.4	)	$	—	$	389.2
INVESTING ACTIVITIES:
Proceeds from the sale of equity method investees	—			—			393.7			—		393.7
Investment in equity method investees	—			(31.9		)	(21.5		)	—		(53.4		)
Business acquisitions net of cash acquired of $18.7	—			—			(1.8		)	—		(1.8		)
Capital expenditures	—			(11.6		)	(34.3		)	—		(45.9		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(43.5		)	336.1			—		292.6
FINANCING ACTIVITIES:
Debt - borrowings	1,041.5			—			2,671.1			—		3,712.6
Debt - repayments	(3,630.5		)	—			(705.2		)	—		(4,335.7		)
Production loans - borrowings	—			—			319.7			—		319.7
Production loans - repayments	—			—			(332.8		)	—		(332.8		)
Distributions to noncontrolling interest	—			—			(8.2		)	—		(8.2		)
Exercise of stock options	44.9			—			—			—		44.9
Tax withholding required on equity awards	(22.9		)	—			—			—		(22.9		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	(2,567.0		)	—			1,944.6			—		(622.4		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(13.0		)	87.1			(14.7		)	—		59.4
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			(3.2		)	—		(3.2		)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	15.1			160.6			146.2			—		321.9
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	2.1		$	247.7		$	128.3		$	—	$	378.1