XML 62 R43.htm IDEA: XBRL DOCUMENT v3.19.1

Revenue (Tables)

12 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of 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

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

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.

Contract with Customer, Asset and Liability

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.

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 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		)

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130556-203045

+ Details

Name:	us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

+ Details

Name:	us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration