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Additional Financial Information (Tables)

12 Months Ended

Mar. 31, 2021

Additional Financial Information [Abstract]

Summary of Receivables Transferred

The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the years ended March 31, 2021, 2020 and 2019:

			Year Ended
			March 31,
			2021						2020						2019
Carrying value of receivables transferred and derecognized			$	1,377.2					$	1,603.2					$	473.9
Net cash proceeds received			1,371.3						1,593.9						469.2
Loss recorded related to transfers of receivables			5.9						9.3						4.7

The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the years ended March 31, 2021 and 2020 (2019 - none):

			Year Ended
			March 31,
			2021						2020
Gross cash proceeds received for receivables transferred and derecognized			$	173.1					$	192.6
Less amounts from collections reinvested under revolving agreement			(138.7)						(84.5)
Proceeds from new transfers			34.4						108.1
Collections not reinvested and remitted or to be remitted			(27.9)						(15.6)
Net cash proceeds received			$	6.5					$	92.5
Carrying value of receivables transferred and derecognized (1)			$	172.0					$	191.9
Obligations recorded			$	1.9					$	2.5
Loss recorded related to transfers of receivables			$	0.8					$	1.7

___________________

(1)Receivables net of unamortized discounts on long-term, non-interest bearing receivables.

Schedule of Other Assets

The composition of the Company’s other assets is as follows as of March 31, 2021 and March 31, 2020:

			March 31, 2021						March 31, 2020
			(Amounts in millions)
Other current assets
Prepaid expenses and other			$	68.0					$	65.7
Cash consideration receivable for sale of Pantaya (see Note 2)			123.6						—
Product inventory(1)			14.3						13.4
Tax credits receivable			68.4						78.3
			$	274.3					$	157.4
Other non-current assets
Prepaid expenses and other(2)			$	25.8					$	34.3
Accounts receivable(2)			49.4						53.6
Tax credits receivable			181.2						166.7
Operating lease right-of-use assets			127.0						136.9
Interest rate swap assets			50.8						—
			$	434.2					$	391.5

_____________________

(1)Home entertainment product inventory consists of Packaged Media and is stated at the lower of cost or market value (first-in, first-out method). Costs of Packaged Media sales, including shipping and handling costs, are included in distribution and marketing expenses.

(2)Unamortized discounts on contract assets included in prepaid expenses and other were $0.5 million and $0.7 million at March 31, 2021 and 2020, and unamortized discounts on long-term, non-interest bearing receivables were $2.4 million and $3.3 million at March 31, 2021 and 2020, respectively.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the components of accumulated other comprehensive loss, net of tax:

			Foreign currency translation adjustments						Net unrealized gain (loss) on available-for-sale securities						Net unrealized gain (loss) on cash flow hedges						Total
			(Amounts in millions)
March 31, 2018			$	(12.4)					$	2.6					$	0.1					$	(9.7)
Cumulative effect of accounting changes			—						(2.6)						—						(2.6)
Other comprehensive loss			(5.8)						—						(62.2)						(68.0)
March 31, 2019			(18.2)						—						(62.1)						(80.3)
Other comprehensive loss			(0.6)						—						(125.1)						(125.7)
March 31, 2020			(18.8)						—						(187.2)						(206.0)
Other comprehensive income			3.7						—						119.0						122.7
March 31, 2021			$	(15.1)					$	—					$	(68.2)					$	(83.3)

Supplemental Schedule of Non-Cash Investing and Financing Activities

The supplemental schedule of non-cash investing and financing activities is presented below:

			Year Ended March 31,
			2021						2020						2019
			(Amounts in millions)
Non-cash investing activities:
Cash consideration receivable for sale of Pantaya (see Note 2)			$	123.6					$	—					$	—
Decrease in finance lease right-of-use asset due to a reassessment event			$	(42.0)					$	—					n/a
Issuance of common shares related to business acquisitions			$	—					$	—					$	83.7
Non-cash financing activities:
Decrease in finance lease liability due to a reassessment event			$	(48.6)					$	—					n/a

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

									Year Ended
									March 31,
															2021						2020
															(Amounts in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases															$	48.8					$	37.1
Operating cash flows for finance leases															$	1.6					$	3.4
Financing cash flows for finance leases															$	2.6					$	3.0
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases															$	25.0					$	8.3
Increase in right-of-use assets and lease liability due to a reassessment event:
Operating leases - increase in right-of-use assets															$	6.0					$	—
Operating leases - increase in lease liability															$	12.6					$	—

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