XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net loss $ (63.1) $ (71.5)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 46.1 44.4
Amortization of films and television programs and program rights 287.7 359.9
Amortization of debt financing costs and other non-cash interest 8.7 6.8
Non-cash share-based compensation 18.1 16.5
Other amortization 10.8 11.8
Content and other impairments 19.9 28.0
(Gain) loss on extinguishment of debt 5.9 (21.2)
Equity interests (income) loss (0.9) 0.3
Deferred income taxes 11.2 0.2
Changes in operating assets and liabilities:    
Accounts receivable, net 155.8 76.7
Investment in films and television programs and program rights, net (694.3) (445.4)
Other assets (10.8) (1.5)
Accounts payable and accrued liabilities (56.5) (20.3)
Participations and residuals (65.4) (7.4)
Content related payables (12.8) 12.2
Deferred revenue 180.7 39.7
Net Cash Flows Provided By (Used In) Operating Activities (158.9) 29.2
Investing Activities:    
Investment in equity method investees and other (2.0) 0.0
Acquisition of assets (film library and related assets) (35.0) 0.0
Increase in loans receivable 0.0 (0.9)
Capital expenditures (9.0) (8.9)
Net Cash Flows Used In Investing Activities (46.0) (9.8)
Financing Activities:    
Debt - borrowings, net of debt issuance and redemption costs 771.8 490.0
Debt - repurchases and repayments (1,065.4) (560.1)
Film related obligations - borrowings 636.9 569.9
Film related obligations - repayments (557.8) (423.7)
Sale of noncontrolling interest in Lionsgate Studios Corp. (see Note 2) 294.0 0.0
Purchase of noncontrolling interest 0.0 (0.6)
Distributions to noncontrolling interest (0.6) 0.0
Exercise of stock options 0.0 0.1
Tax withholding required on equity awards (3.0) (15.1)
Net Cash Flows Provided By Financing Activities 75.9 60.5
Net Change In Cash, Cash Equivalents and Restricted Cash (129.0) 79.9
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash (0.5) 1.2
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period 371.4 313.0
Cash, Cash Equivalents and Restricted Cash - End Of Period $ 241.9 $ 394.1