Additional Financial Information

6 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following tables present supplemental information related to the accompanying financial statements.

Accounts Receivable Monetization

Under the Company's accounts receivable monetization programs, the Company has entered into an agreement to monetize certain of its trade accounts receivable directly with a third-party purchaser (historically, the Company entered into individual agreements), as further described below.

Under the accounts receivable monetization programs, the Company transfers receivables to purchasers in exchange for cash proceeds, and the Company continues to service the receivables for the purchasers. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the customers. The Company accounts for the transfers of these receivables as a sale, removes (derecognizes) the carrying amount of the receivables from its balance sheets and classifies the proceeds received as cash flows provided by operating activities in the statements its cash flows.

The Company records a loss on the sale of these receivables reflecting the net proceeds received (net of any costs incurred), less the carrying amount of the receivables transferred. The loss is reflected in other expense on the accompanying unaudited condensed consolidated statements of operations.

The following table sets forth a summary of the receivables transferred:


	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
	(Amounts in millions)
Carrying value of receivables transferred and derecognized	$	134.0	$	205.2	$	345.4	$	411.5
Net cash proceeds received from third party purchasers	132.3		203.2		341.7		407.8
Loss recorded related to transfers of receivables	1.7		2.0		3.5		3.7

At September 30, 2025, the outstanding amount of receivables derecognized from the Company's accompanying unaudited condensed consolidated balance sheets, but which the Company continues to service, related to the Company's agreement to monetize trade accounts receivable was $131.9 million and was $144.2 million at March 31, 2025.

Other Accrued Liabilities and Other Liabilities

The composition of the Company’s other accrued liabilities (current) and other liabilities (non-current) is as follows:


	September 30, 2025		March 31, 2025
	(Amounts in millions)
Other accrued liabilities (current)
Employee related liabilities	$	13.8	$	27.9
Operating lease liabilities	10.4		9.9
Interest payable	13.7		18.0
Other accrued expenses and short-term liabilities	2.7		8.7
	$	40.6	$	64.5
Other liabilities (non-current)
Operating lease liabilities	$	51.1	$	45.6
Programming related payables and obligations	37.3		26.5
Other long-term liabilities	4.0		3.8
	$	92.4	$	75.9

Supplemental Cash Flow Information

Refer to Note 15, Due To/From LG Studios Business, for further detail regarding non-cash activity with Parent.