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Revenue
12 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue by Segment, Market or Product Line
The table below presents revenues by segment, market or product line for the fiscal years ended March 31, 2022, 2021 and 2020:
Year Ended
March 31,
202220212020
(Amounts in millions)
Revenue by Type:
Motion Picture
Theatrical$65.3 $12.0 $355.6 
Home Entertainment
Digital Media497.1 461.5 447.9 
Packaged Media115.0 139.5 256.9 
Total Home Entertainment612.1 601.0 704.8 
Television257.9 230.2 247.1 
International234.4 217.0 341.0 
Other15.6 20.9 22.4 
Total Motion Picture revenues1,185.3 1,081.1 1,670.9 
Television Production
Television1,094.5 474.0 715.7 
International256.5 164.5 152.7 
Home Entertainment
Digital Media85.1 127.1 57.4 
Packaged Media6.9 5.7 3.4 
Total Home Entertainment92.0 132.8 60.8 
Other88.0 60.5 72.1 
Total Television Production revenues1,531.0 831.8 1,001.3 
Media Networks - Programming Revenues
Domestic(1)
1,428.9 1,497.2 1,463.9 
International107.3 65.5 22.9 
1,536.2 1,562.7 1,486.8 
Intersegment eliminations(648.2)(204.1)(269.0)
Total revenues$3,604.3 $3,271.5 $3,890.0 
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(1)Media Networks domestic revenues for the years ended March 31, 2021 and 2020 include revenue from the Company's former Other Streaming Services product line of $50.3 million and $33.8 million, respectively, substantially all of which related to the Company's former interest in Pantaya, which was sold on March 31, 2021 (see Note 2).
Remaining Performance Obligations
Remaining performance obligations represent deferred revenue on the balance sheet plus fixed fee or minimum guarantee contracts where the revenue will be recognized and the cash received in the future (i.e., backlog). Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2022 are as follows:
Year Ending March 31,
202320242025ThereafterTotal
(Amounts in millions)
Remaining Performance Obligations$1,067.0 $283.8 $231.0 $186.7 $1,768.5 
The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration.

Revenues of $229.3 million, including variable and fixed fee arrangements, were recognized during the year ended March 31, 2022 from performance obligations satisfied prior to March 31, 2021. These revenues were primarily associated with the distribution of television and theatrical product in electronic sell-through and video-on-demand formats, and to a lesser extent, the distribution of theatrical product in the domestic and international markets related to films initially released in prior periods.

Accounts Receivable, Contract Assets and Deferred Revenue

The timing of revenue recognition, billings and cash collections affects the recognition of accounts receivable, contract assets and deferred revenue (see Note 1). At March 31, 2022 and 2021, accounts receivable, contract assets and deferred revenue are as follows:
ItemBalance Sheet LocationMarch 31,
2022
March 31,
2021
Addition (Reduction)
 (Amounts in millions)
Accounts receivable, net - currentAccounts receivable, net$442.2 $383.7 $58.5 
Accounts receivable, net - non-currentOther assets - non-current39.0 49.4 (10.4)
Contract asset - current
Other assets - current(1)
40.5 25.6 14.9 
Contract asset - non-current
Other assets - non-current(1)
9.3 10.3 (1.0)
Deferred revenue - currentDeferred revenue - current174.9 165.7 9.2 
Deferred revenue - non-currentDeferred revenue - non-current49.8 56.2 (6.4)
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(1)Included in prepaid expenses and other (see Note 19).

Accounts Receivable. Accounts receivable are presented net of a provision for doubtful accounts. The Company estimates provisions for accounts receivable based on historical experience for the respective risk categories and current and future expected economic conditions. To assess collectibility, the Company analyzes market trends, economic conditions, the aging of receivables and customer specific risks, and records a provision for estimated credit losses expected over the lifetime of the receivables in direct operating expense.

The Company performs ongoing credit evaluations and monitors its credit exposure through active review of customers' financial condition, aging of receivable balances, historical collection trends, and expectations about relevant future events that may significantly affect collectibility. The Company generally does not require collateral for its trade accounts receivable.

Changes in the provision for doubtful accounts consisted of the following:
March 31, 2021
Provision for doubtful accounts(1)
Uncollectible accounts written-offMarch 31,
2022
(Amounts in millions)
Trade accounts receivable$6.5 $5.3 $(0.3)$11.5 
_______________________
(1)Represents a provision for doubtful accounts of $5.9 million for accounts receivable from customers in Russia related to Russia's invasion of Ukraine, offset by collections on accounts receivable previously reserved.

Contract Assets. Contract assets relate to the Company’s conditional right to consideration for completed performance under the contract (e.g., unbilled receivables). Amounts relate primarily to contractual payment holdbacks in cases in which the Company is required to deliver additional episodes or seasons of television content in order to receive payment, complete certain administrative activities, such as guild filings, or allow the Company's customers' audit rights to expire. The change in balance of contract assets is primarily due to the satisfaction of the condition related to payment holdbacks.

Deferred Revenue. Deferred revenue relates primarily to customer cash advances or deposits received prior to when the Company satisfies the corresponding performance obligation. Revenues of $146.2 million were recognized during the year ended March 31, 2022, related to the balance of deferred revenue at March 31, 2021.