XML 41 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue (Tables)
9 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The table below presents revenues by segment, market or product line for the three and nine months ended December 31, 2021 and 2020:
Three Months EndedNine Months Ended
December 31,December 31,
2021202020212020
(Amounts in millions)
Revenue by Type:
Motion Picture
Theatrical$5.7 $1.8 $50.0 $2.1 
Home Entertainment
Digital Media113.6 123.1 355.6 367.0 
Packaged Media31.3 36.4 96.4 109.8 
Total Home Entertainment144.9 159.5 452.0 476.8 
Television68.1 36.2 209.7 153.9 
International52.4 48.0 174.5 146.0 
Other4.2 4.8 11.1 9.8 
Total Motion Picture revenues275.3 250.3 897.3 788.6 
Television Production
Television340.4 119.7 840.7 332.3 
International55.8 26.0 180.2 120.4 
Home Entertainment
Digital Media12.8 58.0 70.6 119.8 
Packaged Media1.7 3.1 5.1 4.9 
Total Home Entertainment14.5 61.1 75.7 124.7 
Other27.9 21.4 64.2 43.6 
Total Television Production revenues438.6 228.2 1,160.8 621.0 
Media Networks - Programming Revenues
Domestic(1)
362.5 388.5 1,079.2 1,119.8 
International26.4 17.7 76.7 41.9 
388.9 406.2 1,155.9 1,161.7 
Intersegment eliminations(217.4)(48.3)(539.6)(176.3)
Total revenues$885.4 $836.4 $2,674.4 $2,395.0 
___________________
(1)Media Networks domestic revenues for the three and nine months ended December 31, 2020 included revenue from the Company's former Other Streaming Services product line of $13.2 million and $38.0 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).
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at December 31, 2021 are as follows:
Rest of Year Ending March 31, 2022Year Ending March 31,
20232024ThereafterTotal
(Amounts in millions)
Remaining Performance Obligations$447.9 $647.5 $322.0 $346.0 $1,763.4 
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.
Contract with Customer, Asset and Liability At December 31, 2021 and March 31, 2021, accounts receivable, contract assets and deferred revenue are as follows.
ItemBalance Sheet LocationDecember 31,
2021
March 31,
2021
Addition (Reduction)
 (Amounts in millions)
Accounts receivable, net - currentAccounts receivable, net$415.2 $383.7 $31.5 
Accounts receivable, net - non-currentOther assets - non-current47.1 49.4 (2.3)
Contract asset - current
Other assets - current(1)
45.1 25.6 19.5 
Contract asset - non-current
Other assets - non-current(1)
9.0 10.3 (1.3)
Deferred revenue - currentDeferred revenue - current254.5 165.7 88.8 
Deferred revenue - non-currentDeferred revenue - non-current44.0 56.2 (12.2)
__________________
(1)Included in prepaid expenses and other (see Note 17)
Accounts Receivable, Provision for Doubtful Accounts Changes in the provision for doubtful accounts consisted of the following:
March 31, 2021
(Benefit) provision for doubtful accounts(1)
Uncollectible accounts written-offDecember 31, 2021
(Amounts in millions)
Trade accounts receivable$6.5 $(0.6)$(0.1)$5.8 
_______________________
(1)Represents collections on accounts receivable previously reserved.