XML 49 R39.htm IDEA: XBRL DOCUMENT
v3.21.2

Additional Financial Information (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2021
Additional Financial Information [Abstract] |
Schedule of Cash, Cash Equivalents and Restricted Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheet to the total amounts reported in the unaudited condensed consolidated statement of cash flows at June 30, 2021. At June 30, 2021, restricted cash included in other current assets represents amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility. There were no material amounts of restricted cash in the unaudited condensed consolidated balance sheet as of March 31, 2021.
|  | June 30, 2021 |  |
|  | (Amounts in millions)
Cash and cash equivalents |  | $ | 261.6 |  |  |
Restricted cash included in other current assets |  | 5.8 |  |  |
Total cash, cash equivalents and restricted cash |  | $ | 267.4 |  |  |
Schedule of Other Assets | The composition of the Company’s other assets is as follows as of June 30, 2021 and March 31, 2021:
| June 30, 2021 |  | March 31, 2021
| (Amounts in millions)
Other current assets |  |  |
Prepaid expenses and other | $ | 75.1 |  |  | $ | 68.0 |
Cash consideration receivable for sale of Pantaya (see Note 2) | — |  |  | 123.6 |
Product inventory | 13.8 |  |  | 14.3 |
Tax credits receivable | 55.6 |  |  | 68.4 |
| $ | 144.5 |  |  | $ | 274.3 |
Other non-current assets |  |  |
Prepaid expenses and other | $ | 20.7 |  |  | $ | 25.8 |
Accounts receivable | 57.3 |  |  | 49.4 |
Tax credits receivable | 271.4 |  |  | 181.2 |
Operating lease right-of-use assets | 130.4 |  |  | 127.0 |
Interest rate swap assets | 24.1 |  |  | 50.8 |
| $ | 503.9 |  |  | $ | 434.2 |
Summary of Receivables Transferred | The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three months ended June 30, 2021 and 2020:
|  |  | Three Months Ended
|  |  | June 30,
|  |  |  |  | 2021 |  | 2020
|  |  |  |  | (Amounts in millions)
Carrying value of receivables transferred and derecognized |  |  |  |  | $ | 340.4 |  |  | $ | 313.2 |
Net cash proceeds received |  |  |  |  | 338.5 |  |  | 311.7 |
Loss recorded related to transfers of receivables |  |  |  |  | 1.9 |  |  | 1.5 |
The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three months ended June 30, 2021 and 2020:
|  |  | Three Months Ended
|  |  | June 30,
|  |  |  |  | 2021 |  | 2020
|  |  |  |  | (Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized |  |  |  |  | $ | 39.1 |  |  | $ | 52.3 |
Less amounts from collections reinvested under revolving agreement |  |  |  |  | (29.3) |  |  | (41.3) |
Proceeds from new transfers |  |  |  |  | 9.8 |  |  | 11.0 |
Collections not reinvested and remitted or to be remitted |  |  |  |  | (12.4) |  |  | (10.4) |
Net cash proceeds received |  |  |  |  | $ | (2.6) |  |  | $ | 0.6 |
Carrying value of receivables transferred and derecognized (1) |  |  |  |  | $ | 39.0 |  |  | $ | 52.0 |
Obligations recorded |  |  |  |  | $ | (0.1) |  |  | $ | 0.4 |
Loss (gain) recorded related to transfers of receivables |  |  |  |  | $ | (0.2) |  |  | $ | 0.1 |
___________________ (1)Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Schedule of Accumulated Other Comprehensive Loss | The following table summarizes the changes in the components of accumulated other comprehensive loss, net of tax:
| Foreign currency translation adjustments |  |  |  | Net unrealized loss on cash flow hedges |  | Total
| (Amounts in millions)
March 31, 2021 | $ | (15.1) |  |  |  |  | $ | (68.2) |  |  | $ | (83.3) |
Other comprehensive income | 0.1 |  |  |  |  | (24.0) |  |  | (23.9) |
June 30, 2021 | $ | (15.0) |  |  |  |  | $ | (92.2) |  |  | $ | (107.2) |

X
- Definition Additional Financial Information [Abstract] + References No definition available. + Details
Name: | lgfa_AdditionalFinancialInformationAbstract
Namespace Prefix: | lgfa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Cash, Cash Equivalents and Restricted Cash + References No definition available. + Details
Name: | lgfa_ScheduleOfCashCashEquivalentsAndRestrictedCashTableTextBlock
Namespace Prefix: | lgfa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 + Details
Name: | us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration