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		)