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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)