| Six Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Amounts in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Activities: | Net loss | $ | (158.3) | $ | (7.8) | Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | Depreciation and amortization | 8.8 | 8.0 | Amortization of films and television programs | 717.9 | 636.7 | Other impairments | 18.5 | — | Amortization of debt financing costs and other non-cash interest | 16.6 | 12.9 | Non-cash share-based compensation | 32.5 | 29.5 | Other amortization | 29.5 | 19.8 | Loss on extinguishment of debt | 1.5 | — | Equity interests (income) loss | (0.8) | (1.5) | Loss on investments, net | — | 1.7 | Deferred income taxes | 6.1 | 0.4 | Changes in operating assets and liabilities: | Accounts receivable, net | 287.9 | 134.4 | Investment in films and television programs, net | (1,083.9) | (551.8) | Other assets | (9.6) | (12.8) | Accounts payable and accrued liabilities | (118.0) | (85.3) | Participations and residuals | (57.3) | 36.7 | Content related payables | (11.0) | (5.9) | Deferred revenue | 245.0 | 28.8 | Due from Starz Business | (125.1) | 29.7 | Net Cash Flows Provided By (Used In) Operating Activities | (199.7) | 273.5 | Investing Activities: | Net proceeds from purchase price adjustments for eOne acquisition (see Note 3) | 12.0 | — | Proceeds from the sale of other investments | — | 0.2 | Investment in equity method investees and other | (2.0) | (11.3) | Acquisition of assets (film library and related assets) | (35.0) | — | Increase in loans receivable | — | (2.1) | Purchases of accounts receivables held for collateral | — | (85.6) | Receipts of accounts receivables held for collateral | — | 94.2 | Capital expenditures | (8.6) | (3.5) | Net Cash Flows Used In Investing Activities | (33.6) | (8.1) | Financing Activities: | Debt - borrowings, net of debt issuance costs | 2,537.4 | 1,084.5 | Debt - repurchases and repayments | (2,448.8) | (1,104.1) | Film related obligations - borrowings | 1,152.6 | 813.9 | Film related obligations - repayments | (1,236.0) | (1,028.0) | Purchase of noncontrolling interest | (7.4) | (0.6) | Distributions to noncontrolling interest | (0.6) | (0.6) | Parent net investment | (94.6) | (63.2) | Tax withholding required on equity awards | (18.7) | — | Proceeds from Business Combination, net | 283.1 | — | Net Cash Flows Provided By (Used In) Financing Activities | 167.0 | (298.1) | Net Change In Cash, Cash Equivalents and Restricted Cash | (66.3) | (32.7) | Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash | 2.3 | (0.4) | Cash, Cash Equivalents and Restricted Cash - Beginning Of Period | 334.4 | 251.4 | Cash, Cash Equivalents and Restricted Cash - End Of Period | $ | 270.4 | $ | 218.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended September 30, | Six Months Ended September 30, | |||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | (Amounts in millions) | ||||||||||||||||
| Loss on Extinguishment of Debt: | Term Loan A and Term Loan B repayment(1) | $ | (0.5) | $ | — | $ | (1.5) | $ | — | |||||||||||
| Rest of Year Ending March 31, | Year Ending March 31, | 2025 | 2026 | 2027 | Thereafter | Total | ||||||||||||
| (Amounts in millions) | ||||||||||||||||||
| Remaining Performance Obligations | $ | 824.0 | $ | 781.8 | $ | 114.4 | $ | 58.6 | $ | 1,778.8 | ||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Amounts in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Compensation Expense: | Stock options | $ | 0.2 | $ | 0.5 | $ | 0.4 | $ | 0.9 | Restricted share units and other share-based compensation | 8.2 | 12.9 | 16.3 | 20.3 | Share appreciation rights | 0.2 | 0.1 | 0.3 | 0.2 | Total Lionsgate Studios employee share-based compensation expense | 8.6 | 13.5 | 17.0 | 21.4 | Corporate allocation of share-based compensation | 6.7 | 3.9 | 10.9 | 7.6 | 15.3 | 17.4 | 27.9 | 29.0 | Impact of accelerated vesting on equity awards(1) | 4.6 | — | 4.6 | 0.5 | Total share-based compensation expense | $ | 19.9 | $ | 17.4 | $ | 32.5 | $ | 29.5 | ||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||
| (Amounts in millions) | ||||||||||||||||||||||||||||
| Share-Based Compensation Expense: | General and administration | $ | 15.3 | $ | 17.4 | $ | 27.9 | $ | 29.0 | Restructuring and other | 4.6 | — | 4.6 | 0.5 | $ | 19.9 | $ | 17.4 | $ | 32.5 | $ | 29.5 | ||||||
