XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net loss $ (71.5) $ (122.6)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 44.4 42.4
Amortization of films and television programs and program rights 359.9 472.0
Amortization of debt financing costs and other non-cash interest 6.8 7.2
Non-cash share-based compensation 16.5 8.4
Other amortization 11.8 23.1
Content impairments 28.0 0.0
(Gain) loss on extinguishment of debt (21.2) 1.3
Equity interests (income) loss 0.3 (0.9)
Gain on investments 0.0 (1.8)
Deferred income taxes 0.2 0.2
Changes in operating assets and liabilities:    
Proceeds from the termination of interest rate swaps 0.0 188.7
Accounts receivable, net 76.7 12.0
Investment in films and television programs and program rights, net (445.4) (608.4)
Other assets (1.5) (6.6)
Accounts payable and accrued liabilities (20.3) (51.8)
Participations and residuals (7.4) (26.4)
Content related payables 12.2 49.3
Deferred revenue 39.7 13.7
Net Cash Flows Provided By (Used In) Operating Activities 29.2 (0.2)
Investing Activities:    
Proceeds from the sale of other investments 0.0 2.3
Investment in equity method investees and other 0.0 (7.5)
Increase in loans receivable (0.9) 0.0
Capital expenditures (8.9) (9.6)
Net Cash Flows Used In Investing Activities (9.8) (14.8)
Financing Activities:    
Debt - borrowings, net of debt issuance and redemption costs 490.0 518.5
Debt - repurchases and repayments (560.1) (715.2)
Film related obligations - borrowings 569.9 522.9
Film related obligations - repayments (423.7) (152.6)
Settlement of financing component of interest rate swaps 0.0 (134.5)
Purchase of noncontrolling interest (0.6) 0.0
Distributions to noncontrolling interest 0.0 (1.7)
Exercise of stock options 0.1 3.5
Tax withholding required on equity awards (15.1) (1.1)
Net Cash Flows Provided By Financing Activities 60.5 39.8
Net Change In Cash, Cash Equivalents and Restricted Cash 79.9 24.8
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash 1.2 (3.5)
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period 313.0 384.6
Cash, Cash Equivalents and Restricted Cash - End Of Period $ 394.1 $ 405.9