XML 39 R8.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:      
Net loss $ (1,116.3) $ (2,018.8) $ (205.4)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 192.2 180.3 177.9
Amortization of films and television programs and program rights 1,577.9 1,665.3 1,567.7
Amortization of debt financing costs and other non-cash interest 28.3 25.7 50.5
Non-cash share-based compensation 90.6 102.0 100.0
Other amortization 53.4 69.2 92.5
Goodwill and intangible asset impairment 663.9 1,475.0 0.0
Non-cash charge from the modification of an equity award (see Note 11) 49.2 0.0 0.0
Content and other impairments 377.3 385.2 0.0
(Gain) loss on extinguishment of debt (19.9) (57.4) 28.2
Equity interests (income) loss (8.7) (0.5) 3.0
Gain on investments, net (3.5) (44.0) (1.3)
Deferred income taxes (18.5) (5.3) (1.7)
Changes in operating assets and liabilities:      
Proceeds from the termination of interest rate swaps 0.0 188.7 0.0
Accounts receivable, net 95.6 (140.6) (44.5)
Investment in films and television programs and program rights, net (1,409.3) (1,979.2) (2,211.7)
Other assets (1.7) (41.9) (212.4)
Accounts payable and accrued liabilities (136.3) (2.9) 1.4
Participations and residuals 29.0 145.4 (71.3)
Content related payables (45.6) (35.1) 64.9
Deferred revenue (0.8) (25.4) 1.3
Net Cash Flows Provided By (Used In) Operating Activities 396.8 (114.3) (660.9)
Investing Activities:      
Purchase of eOne, net of cash acquired (see Note 2) (331.1) 0.0 0.0
Proceeds from the sale of Pantaya 0.0 0.0 123.6
Proceeds from the sale of equity method and other investments 5.2 46.3 1.5
Investment in equity method investees and other (13.3) (17.5) (14.0)
Distributions from equity method investees and other 0.8 1.9 7.2
Acquisition of assets (film library and related assets) 0.0 0.0 (161.4)
Increase in loans receivable (3.7) 0.0 (4.3)
Capital expenditures (34.7) (49.0) (33.1)
Net Cash Flows Used In Investing Activities (376.8) (18.3) (80.5)
Financing Activities:      
Debt - borrowings, net of debt issuance and redemption costs 3,145.0 1,523.0 2,448.4
Debt - repurchases and repayments (2,672.8) (1,880.8) (2,693.9)
Film related obligations - borrowings 2,010.6 1,688.6 1,253.4
Film related obligations - repayments (2,215.4) (1,073.0) (347.6)
Settlement of financing component of interest rate swaps 0.0 (134.5) (28.5)
Purchase of noncontrolling interest (194.6) (36.5) 0.0
Distributions to noncontrolling interest (1.7) (7.6) (1.5)
Exercise of stock options 0.5 3.8 4.2
Tax withholding required on equity awards (32.0) (19.2) (35.1)
Net Cash Flows Provided By Financing Activities 39.6 63.8 599.4
Net Change In Cash, Cash Equivalents and Restricted Cash 59.6 (68.8) (142.0)
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash (1.2) (2.8) (2.1)
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period 313.0 384.6 528.7
Cash, Cash Equivalents and Restricted Cash - End Of Period $ 371.4 $ 313.0 $ 384.6