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Revenue | 12 Months Ended
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Mar. 31, 2019
Revenue from Contract with Customer [Abstract] |
Revenue | The table below presents revenues by segment, market or product line for the fiscal years ended March 31, 2019, 2018 and 2017. 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.
| Year Ended
| March 31,
| 2019 |  | 2018 |  | 2017
| (Amounts in millions)
Revenue by Type: |  |  |  |  |
Motion Picture |  |  |  |  |
Theatrical | $ | 215.8 |  |  | $ | 281.4 |  |  | $ | 371.3 |
Home Entertainment |  |  |  |  |
Digital Media | 334.7 |  |  | 373.7 |  |  | 303.9 |
Packaged Media | 257.5 |  |  | 400.3 |  |  | 403.8 |
Total Home Entertainment | 592.2 |  |  | 774.0 |  |  | 707.7 |
Television | 274.4 |  |  | 278.5 |  |  | 279.1 |
International | 341.1 |  |  | 456.7 |  |  | 533.8 |
Other | 40.9 |  |  | 31.5 |  |  | 28.7 |
Total Motion Picture revenues | 1,464.4 |  |  | 1,822.1 |  |  | 1,920.6 |
Television Production |  |  |  |  |
Television | 655.8 |  |  | 744.5 |  |  | 667.3 |
International | 136.0 |  |  | 179.6 |  |  | 163.2 |
Home Entertainment |  |  |  |  |
Digital Media | 66.9 |  |  | 96.3 |  |  | 50.1 |
Packaged Media | 7.6 |  |  | 11.2 |  |  | 6.3 |
Total Home Entertainment | 74.5 |  |  | 107.5 |  |  | 56.4 |
Other | 54.6 |  |  | 1.6 |  |  | 5.9 |
Total Television Production revenues | 920.9 |  |  | 1,033.2 |  |  | 892.8 |
Media Networks - Programming Revenues |  |  |  |  |
Domestic(1) | 1,458.9 |  |  | 1,411.2 |  |  | 426.3 |
International | 2.1 |  |  | — |  |  | — |
| 1,461.0 |  |  | 1,411.2 |  |  | 426.3 |
Intersegment eliminations | (165.8 | ) |  | (137.4 | ) |  | (38.2 | )
Total revenues | $ | 3,680.5 |  |  | $ | 4,129.1 |  |  | $ | 3,201.5 |
__________________
(1) | Media Networks domestic revenues include revenue from the Company's Streaming Services product line of $18.0 million, $7.1 million and $2.9 million in the years ended March 31, 2019, 2018 and 2017, respectively.
Remaining Performance Obligations Remaining performance obligations represent deferred revenue on the balance sheet plus fixed fee or minimum guarantee contracts where the revenue will be recognized and the cash received in the future (i.e., backlog). Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2019 are as follows:
|  | Year Ended March 31, |  |  |  |
|  | 2020 |  | 2021 |  | 2022 |  | Thereafter |  | Total
|  | (Amounts in millions)
Remaining Performance Obligations |  | $ | 1,257.1 |  |  | $ | 275.4 |  |  | $ | 120.1 |  |  | $ | 163.4 |  |  | $ | 1,816.0 |
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. Revenues of $231.7 million, including variable and fixed fee arrangements, were recognized during the year ended March 31, 2019, respectively, from performance obligations satisfied prior to March 31, 2018. These revenues were primarily associated with the distribution of television and theatrical product in electronic sell-through and video-on-demand formats, and to a lesser extent, the distribution of theatrical product in the domestic and international markets related to films initially released in prior periods. Contract Assets and Deferred Revenue The timing of revenue recognition, billings and cash collections affects the recognition of accounts receivable, contract assets and deferred revenue (see Note 1). At March 31, 2019 and April 1, 2018, accounts receivable, contract assets and deferred revenue are as follows:
| March 31, 2019 |  | April 1, 2018 |  | Addition (Reduction)
| (Amounts in millions) |  |
Accounts receivable, net - current | $ | 647.2 |  |  | $ | 1,042.2 |  |  | $ | (395.0 | )
Accounts receivable, net - non-current(1) | 176.1 |  |  | 257.7 |  |  | (81.6 | )
Contract asset - current(2) | 97.3 |  |  | 78.3 |  |  | 19.0 |
Contract asset - non-current(3) | 72.1 |  |  | 71.5 |  |  | 0.6 |
Deferred revenue - current | 146.5 |  |  | 183.8 |  |  | (37.3 | )
Deferred revenue - non-current | 62.8 |  |  | 70.5 |  |  | (7.7 | )
__________________
(1) | Included in accounts receivable within non-current other assets in the consolidated balance sheets.
(2) | Included in prepaid expenses and other within other current assets in the consolidated balance sheets.
(3) | Included in prepaid expenses and other within non-current other assets in the consolidated balance sheets.
Contract assets relate to the Company’s conditional right to consideration for completed performance under the contract (e.g., unbilled receivables). Amounts relate primarily to contractual payment holdbacks in cases in which the Company is required to deliver additional episodes or seasons of television content in order to receive payment, complete certain administrative activities, such as guild filings, or allow the Company's customers' audit rights to expire. The change in balance of contract assets is primarily due to the satisfaction of the condition related to payment holdbacks. Deferred revenue relates primarily to customer cash advances or deposits received prior to when the Company satisfies the corresponding performance obligation. Revenues of $143.0 million were recognized during the year ended March 31, 2019, related to the balance of deferred revenue at April 1, 2018. Summarized Balance Sheet and Statement of Operations Comparison of New and Prior Revenue Recognition Guidance The following table presents the line items impacted by the adoption of the new revenue recognition guidance (described in Note 1) on the consolidated balance sheet and statement of operations:
|  | March 31, 2019
|  | As Reported |  | Impact of Adoption |  | Without Adoption of New Revenue Guidance
Balance Sheet Information: |  | (Amounts in millions)
Assets |  |  |  |  |  |
Accounts receivable, net - current |  | $ | 647.2 |  |  | $ | (6.2 | ) |  | $ | 641.0 |
Other assets - current |  | 267.2 |  |  | (97.3 | ) |  | 169.9 |
Other assets - non-current |  | 436.1 |  |  | (0.5 | ) |  | 435.6 |
Investment in films and television programs and program rights, net |  | 1,672.0 |  |  | 37.3 |  |  | 1,709.3 |
Liabilities |  |  |  |  |  |
Accounts payable and accrued liabilities |  | 531.2 |  |  | (58.7 | ) |  | 472.5 |
Participations and residuals - current |  | 408.5 |  |  | 1.9 |  |  | 410.4 |
Deferred revenue - current |  | 146.5 |  |  | (0.6 | ) |  | 145.9 |
Deferred revenue - non-current |  | 62.8 |  |  | 0.8 |  |  | 63.6 |
Deferred tax liabilities |  | 56.5 |  |  | (1.9 | ) |  | 54.6 |
Equity |  |  |  |  |  |
Retained earnings |  | 208.7 |  |  | (8.2 | ) |  | 200.5 |
|  | Year Ended March 31, 2019
|  | As Reported |  | Impact of Adoption |  | Without Adoption of New Revenue Guidance
Statement of Operations Information: |  | (Amounts in millions)
Revenues |  | $ | 3,680.5 |  |  | $ | 44.9 |  |  | $ | 3,725.4 |
Direct operating |  | 2,028.2 |  |  | 31.0 |  |  | 2,059.2 |
Operating income |  | 130.0 |  |  | 13.9 |  |  | 143.9 |
Interest and other income |  | 12.0 |  |  | — |  |  | 12.0 |
Loss before income taxes |  | (308.1 | ) |  | 13.9 |  |  | (294.2 | )
Income tax benefit |  | 8.5 |  |  | (3.4 | ) |  | 5.1 |
Net loss |  | (299.6 | ) |  | 10.5 |  |  | (289.1 | )

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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