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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues $ 983.5 $ 901.0 $ 1,947.1 $ 1,833.6
Expenses        
Direct operating 499.4 463.2 1,067.4 993.2
Distribution and marketing 262.1 227.9 512.6 431.4
General and administration 105.9 115.0 208.5 225.1
Depreciation and amortization 50.9 40.8 91.2 81.1
Restructuring and other 7.6 15.0 13.1 25.6
Total expenses 925.9 861.9 1,892.8 1,756.4
Operating income 57.6 39.1 54.3 77.2
Interest expense        
Interest expense [1] (48.0) (38.8) (97.0) (74.2)
Interest on dissenting shareholders' liability [2] 0.0 (16.7) 0.0 (32.6)
Total interest expense (48.0) (55.5) (97.0) (106.8)
Shareholder litigation settlements [3] 0.0 (114.1) 0.0 (114.1)
Interest and other income 2.2 3.0 5.0 6.1
Other expense (3.8) 0.0 (6.1) 0.0
Loss on investments (0.4) (36.1) (0.3) (37.0)
Equity interests loss (3.2) (11.7) (11.1) (17.8)
Income (loss) before income taxes 4.4 (175.3) (55.2) (192.4)
Income tax benefit (provision) (5.6) 26.0 (4.5) 31.8
Net loss (1.2) (149.3) (59.7) (160.6)
Less: Net loss attributable to noncontrolling interests 3.0 5.2 7.5 8.7
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ 1.8 $ (144.1) $ (52.2) $ (151.9)
Per share information attributable to Lions Gate Entertainment Corp. shareholders:        
Basic net income (loss) per common share (in usd per share) $ 0.01 $ (0.67) $ (0.24) $ (0.71)
Diluted net income (loss) per common share (in usd per share) $ 0.01 $ (0.67) $ (0.24) $ (0.71)
Weighted average number of common shares outstanding:        
Basic (in shares) 217.5 213.6 216.8 212.7
Diluted (in shares) 219.8 213.6 216.8 212.7
Dividends declared per common share (in usd per share) $ 0 $ 0.09 $ 0 $ 0.18
[1] Represents interest expense before interest on dissenting shareholders' liability.
[2] Represents interest accrued in connection with the previously outstanding dissenting shareholders' liability associated with the Starz merger.
[3]
Shareholder litigation settlements of $114.1 million in the three and six months ended September 30, 2018 includes the following: (i) $54.8 million for the net expense recorded for the settlement of the Fiduciary Litigation (representing the settlement amount of $92.5 million, net of aggregate insurance reimbursement of $37.8 million (see Note 16) and (ii) $59.3 million related to the Appraisal Litigation, representing the amount by which the settlement amount of approximately $964 million exceeded the previously accrued (at date of acquisition) dissenting shareholders' liability plus interest through the date agreed in the settlement.