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Additional Financial Information (Tables) | 6 Months Ended
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Sep. 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 September 30, 2021. At September 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 and IP Credit Facility. There were no material amounts of restricted cash in the unaudited condensed consolidated balance sheet as of March 31, 2021.
|  | September 30, 2021 |  |
|  | (Amounts in millions)
Cash and cash equivalents |  | $ | 442.6 |  |  |
Restricted cash included in other current assets |  | 5.2 |  |  |
Total cash, cash equivalents and restricted cash |  | $ | 447.8 |  |  |
Schedule of Other Assets | The composition of the Company’s other assets is as follows as of September 30, 2021 and March 31, 2021:
| September 30, 2021 |  | March 31, 2021
| (Amounts in millions)
Other current assets |  |  |
Prepaid expenses and other | $ | 73.7 |  |  | $ | 68.0 |
Cash consideration receivable for sale of Pantaya (see Note 2) | — |  |  | 123.6 |
Product inventory | 16.3 |  |  | 14.3 |
Tax credits receivable | 96.3 |  |  | 68.4 |
| $ | 186.3 |  |  | $ | 274.3 |
Other non-current assets |  |  |
Prepaid expenses and other | $ | 23.1 |  |  | $ | 25.8 |
Accounts receivable | 42.7 |  |  | 49.4 |
Tax credits receivable | 259.7 |  |  | 181.2 |
Operating lease right-of-use assets | 139.8 |  |  | 127.0 |
Interest rate swap assets | 27.2 |  |  | 50.8 |
| $ | 492.5 |  |  | $ | 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 and six months ended September 30, 2021 and 2020:
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (Amounts in millions)
Carrying value of receivables transferred and derecognized | $ | 407.2 |  |  | $ | 341.8 |  |  | $ | 747.6 |  |  | $ | 655.0 |
Net cash proceeds received | 404.9 |  |  | 341.2 |  |  | 743.4 |  |  | 652.9 |
Loss recorded related to transfers of receivables | 2.3 |  |  | 0.6 |  |  | 4.2 |  |  | 2.1 |
The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three and six months ended September 30, 2021 and 2020:
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized | $ | 52.3 |  |  | $ | 33.7 |  |  | $ | 91.4 |  |  | $ | 86.0 |
Less amounts from collections reinvested under revolving agreement | (34.6) |  |  | (33.7) |  |  | (63.9) |  |  | (75.0) |
Proceeds from new transfers | 17.7 |  |  | — |  |  | 27.5 |  |  | 11.0 |
Collections not reinvested and remitted or to be remitted | (21.2) |  |  | (3.9) |  |  | (33.5) |  |  | (14.3) |
Net cash proceeds paid or to be paid | $ | (3.5) |  |  | $ | (3.9) |  |  | $ | (6.0) |  |  | $ | (3.3) |
Carrying value of receivables transferred and derecognized (1) | $ | 51.7 |  |  | $ | 33.5 |  |  | $ | 90.7 |  |  | $ | 85.5 |
Obligations recorded | $ | 1.0 |  |  | $ | 0.2 |  |  | $ | 0.9 |  |  | $ | 0.6 |
Loss recorded related to transfers of receivables | $ | 0.4 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.2 |
___________________ (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 loss | (1.0) |  |  |  |  | (38.7) |  |  | (39.7) |
Reclassifications to net loss(1) | — |  |  |  |  | 33.8 |  |  | 33.8 |
September 30, 2021 | $ | (16.1) |  |  |  |  | $ | (73.1) |  |  | $ | (89.2) |
March 31, 2020 | $ | (18.8) |  |  |  |  | $ | (187.2) |  |  | $ | (206.0) |
Other comprehensive income (loss) | 0.8 |  |  |  |  | (28.8) |  |  | (28.0) |
Reclassifications to net loss(1) | — |  |  |  |  | 28.5 |  |  | 28.5 |
September 30, 2020 | $ | (18.0) |  |  |  |  | $ | (187.5) |  |  | $ | (205.5) |
___________________ (1)Represents $0.4 million included in direct operating expense and $33.4 million included in interest expense on the unaudited condensed consolidated statement of operations in the six months ended September 30, 2021 (six months ended September 30, 2020 - $0.1 million included in direct operating expense and $28.4 million included in interest expense) (see Note 16).
Supplemental Schedule of Cash Flow Information | The supplemental schedule of non-cash investing and financing activities is presented below:
| Six Months Ended
| September 30,
| 2021 |  | 2020
| (Amounts in millions)
Non-cash investing activities: |  |  |
Accrued equity-method investment | $ | 19.0 |  |  | $ | — |
Decrease in finance lease right-of-use asset due to a reassessment event(1) | $ | — |  |  | $ | (42.0) |
Non-cash financing activities: |  |  |
Decrease in finance lease liability due to a reassessment event(1) | $ | — |  |  | $ | (48.6) |
______________ (1)During the three months ended September 30, 2020, the Company reassessed the lease term of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease. Supplemental cash flow information related to leases was as follows:
|  |  | Six Months Ended
|  |  | September 30,
|  |  |  |  | 2021 |  | 2020
|  |  |  |  | (Amounts in millions)
Right-of-use assets obtained in exchange for new lease obligations: |  |  |  |  |  |  |
Operating leases |  |  |  |  | $ | 38.8 |  |  | $ | 10.4 |
Increase in right-of-use assets and lease liability due to a reassessment event(1): |  |  |  |  |  |  |
Operating leases - increase in right-of-use assets |  |  |  |  | $ | — |  |  | $ | 6.0 |
Operating leases - increase in lease liability |  |  |  |  | $ | — |  |  | $ | 12.6 |
______________ (1)During the three months ended September 30, 2020, the Company reassessed the lease term of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease.

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