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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Revenues $ 998.5 $ 933.2 $ 2,945.7 $ 2,766.9
Expenses        
Direct operating 594.6 502.0 1,662.0 1,495.2
Distribution and marketing 279.1 176.9 791.7 608.3
General and administration 108.7 110.0 317.3 335.2
Depreciation and amortization 51.9 41.0 143.0 122.1
Restructuring and other 3.7 16.5 16.8 42.1
Total expenses 1,038.0 846.4 2,930.8 2,602.9
Operating income (loss) (39.5) 86.8 14.9 164.0
Interest expense        
Interest expense [1] (48.7) (42.7) (145.7) (116.9)
Interest on dissenting shareholders' liability 0.0 (2.6) 0.0 (35.3)
Total interest expense (48.7) (45.3) (145.7) (152.2)
Shareholder litigation settlements [2] 0.0 0.0 0.0 (114.1)
Interest and other income 2.0 2.9 7.0 9.0
Other expense (3.6) (1.8) (9.7) (1.8)
Loss on extinguishment of debt (1.4) 0.0 (1.4) 0.0
Loss on investments 0.0 (6.2) (0.3) (43.2)
Equity interests loss (4.6) (11.0) (15.7) (28.8)
Income (loss) before income taxes (95.8) 25.4 (150.9) (167.1)
Income tax benefit (provision) (2.0) (5.3) (6.5) 26.6
Net income (loss) (97.8) 20.1 (157.4) (140.5)
Less: Net loss attributable to noncontrolling interests 6.6 2.8 14.0 11.5
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ (91.2) $ 22.9 $ (143.4) $ (129.0)
Per share information attributable to Lions Gate Entertainment Corp. shareholders:        
Basic net income (loss) per common share (in usd per share) $ (0.42) $ 0.11 $ (0.66) $ (0.61)
Diluted net income (loss) per common share (in usd per share) $ (0.42) $ 0.10 $ (0.66) $ (0.61)
Weighted average number of common shares outstanding:        
Basic (in shares) 218.0 214.2 217.2 213.2
Diluted (in shares) 218.0 220.8 217.2 213.2
Dividends declared per common share (in usd per share) $ 0 $ 0 $ 0 $ 0.18
[1] Represents interest expense before interest on dissenting shareholders' liability.
[2]
Shareholder litigation settlements of $114.1 million in the nine months ended December 31, 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.