Consolidating Financial Information - Convertible Senior Subordinated Notes (Tables) (Convertible Senior Subordinated Notes [Member])

0 Months Ended

6 Months Ended

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Convertible Senior Subordinated Notes [Member]

Consolidating Financial Information [Line Items]

Consolidated Financial Information - Balance Sheet

	As of
	March 31, 2013
	Lions Gate Entertainment Corp.		Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries		Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in thousands)
BALANCE SHEET
Assets
Cash and cash equivalents	$	592	$	36,834		$	24,937	$	—		$	62,363
Restricted cash	—		9,903			761		—			10,664
Accounts receivable, net	655		5,017			781,478		—			787,150
Investment in films and television programs, net	246		6,391			1,238,966		(1,528		)	1,244,075
Property and equipment, net	—		8,019			511		—			8,530
Equity method investments	—		8,005			162,262		(817		)	169,450
Goodwill	10,173		—			313,155		—			323,328
Other assets	49,195		56,544			15,879		(48,999		)	72,619
Deferred tax assets	—		69,118			13,572		—			82,690
Subsidiary investments and advances	296,373		451,668			—		(748,041		)	—
	$	357,234	$	651,499		$	2,551,521	$	(799,385	)	$	2,760,869
Liabilities and Shareholders’ Equity (Deficiency)
Senior revolving credit facility	$	—	$	338,474		$	—	$	—		$	338,474
Senior secured second-priority notes	—		432,277			—		—			432,277
Accounts payable and accrued liabilities	449		104,078			209,258		(165		)	313,620
Participations and residuals	186		3,411			406,077		89			409,763
Film obligations and production loans	73		—			568,946		—			569,019
Convertible senior subordinated notes	—		87,167			49,000		(49,000		)	87,167
Deferred revenue	—		14,899			239,124		—			254,023
Intercompany payable	—		—			320,522		(320,522		)	—
Shareholders’ equity (deficiency)	356,526		(328,807		)	758,594		(429,787		)	356,526
	$	357,234	$	651,499		$	2,551,521	$	(799,385	)	$	2,760,869

	As of
	September 30, 2013
	Lions Gate Entertainment Corp.		Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries		Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in thousands)
BALANCE SHEET
Assets
Cash and cash equivalents	$	1,775	$	35,331		$	30,106	$	—		$	67,212
Restricted cash	—		8,122			—		—			8,122
Accounts receivable, net	696		3,524			692,364		—			696,584
Investment in films and television programs, net	243		6,394			1,200,153		1,449			1,208,239
Property and equipment, net	—		10,146			440		—			10,586
Equity method investments	—		5,226			159,436		—			164,662
Goodwill	10,173		—			313,155		—			323,328
Other assets	4,269		74,070			8,717		(6,571		)	80,485
Deferred tax assets	12,929		66,176			13,552		—			92,657
Subsidiary investments and advances	897,813		869,948			63,017		(1,830,778		)	—
	$	927,898	$	1,078,937		$	2,480,940	$	(1,835,900	)	$	2,651,875
Liabilities and Shareholders’ Equity (Deficiency)
Senior revolving credit facility	$	—	$	285,474		$	—	$	—		$	285,474
Senior secured second-priority notes	222,574		—			—		—			222,574
July 2013 Term Loan	225,000		—					—			225,000
Accounts payable and accrued liabilities	6,261		39,381			172,170		(132		)	217,680
Participations and residuals	—		3,408			409,931		29			413,368
Film obligations and production loans	—		—			444,161		—			444,161
Convertible senior subordinated notes	—		148,498			—		—			148,498
Deferred revenue	—		13,080			255,987		—			269,067
Intercompany payable	48,010		904,322			251,600		(1,203,932		)	—
Shareholders’ equity (deficiency)	426,053		(315,226		)	947,091		(631,865		)	426,053
	$	927,898	$	1,078,937		$	2,480,940	$	(1,835,900	)	$	2,651,875

Consolidated Financial Information - Statement of Operations

	Six Months Ended
	September 30, 2013
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
				(Amounts in thousands)
STATEMENT OF OPERATIONS
Revenues	$	6,748		$	15,078		$	1,055,142		$	(8,511	)	$	1,068,457
EXPENSES:
Direct operating	(255		)	(1,524		)	570,022			—			568,243
Distribution and marketing	—			1,936			315,026			—			316,962
General and administration	805			79,986			40,057			(305		)	120,543
Depreciation and amortization	—			1,072			2,164			—			3,236
Total expenses	550			81,470			927,269			(305		)	1,008,984
OPERATING INCOME (LOSS)	6,198			(66,392		)	127,873			(8,206		)	59,473
Other expenses (income):
Interest expense	5,340			37,191			2,454			(7,999		)	36,986
Interest and other income	(7,614		)	(2,161		)	(1,203		)	7,999			(2,979		)
Loss on extinguishment of debt	2,600			34,053			—			—			36,653
Total other expenses (income)	326			69,083			1,251			—			70,660
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	5,872			(135,475		)	126,622			(8,206		)	(11,187		)
Equity interests income (loss)	(4,672		)	128,059			18,008			(126,916		)	14,479
INCOME (LOSS) BEFORE INCOME TAXES	1,200			(7,416		)	144,630			(135,122		)	3,292
Income tax provision (benefit)	(12,922		)	(2,744		)	53,049			(48,213		)	(10,830		)
NET INCOME (LOSS)	14,122			(4,672		)	91,581			(86,909		)	14,122
Foreign currency translation adjustments	2,931			18,247			11,974			(29,565		)	3,587
Net unrealized loss on foreign exchange contracts	—			—			(656		)	—			(656		)
COMPREHENSIVE INCOME (LOSS)	$	17,053		$	13,575		$	102,899		$	(116,474	)	$	17,053

	Six Months Ended
	September 30, 2012
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in thousands)
STATEMENT OF OPERATIONS
Revenues	$	—		$	7,660		$	1,171,128		$	—		$	1,178,788
EXPENSES:
Direct operating	—			1,166			567,882			—			569,048
Distribution and marketing	(1		)	1,084			414,068			—			415,151
General and administration	902			57,149			38,577			(254		)	96,374
Depreciation and amortization	—			905			3,315			—			4,220
Total expenses	901			60,304			1,023,842			(254		)	1,084,793
OPERATING INCOME (LOSS)	(901		)	(52,644		)	147,286			254			93,995
Other expenses (income):
Interest expense	—			35,184			16,091			(500		)	50,775
Interest and other income	(6		)	(1,735		)	(738		)	500			(1,979		)
Loss on extinguishment of debt	—			633			8,526			—			9,159
Total other expenses (income)	(6		)	34,082			23,879			—			57,955
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	(895		)	(86,726		)	123,407			254			36,040
Equity interests income (loss)	32,224			118,254			4,006			(152,874		)	1,610
INCOME (LOSS) BEFORE INCOME TAXES	31,329			31,528			127,413			(152,620		)	37,650
Income tax provision (benefit)	—			2,392			3,929			—			6,321
NET INCOME (LOSS)	31,329			29,136			123,484			(152,620		)	31,329
Foreign currency translation adjustments	1,061			2,358			460			(2,801		)	1,078
Net unrealized gain on foreign exchange contracts	—			—			(17		)	—			(17		)
COMPREHENSIVE INCOME (LOSS)	$	32,390		$	31,494		$	123,927		$	(155,421	)	$	32,390

Consolidated Financial Information - Statement of Cash Flows

	Six Months Ended
	September 30, 2013
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments		Lions Gate Consolidated
	(Amounts in thousands)
STATEMENT OF CASH FLOWS
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(439,477	)	$	466,030		$	84,018		$	—	$	110,571
INVESTING ACTIVITIES:
Proceeds from the sale of a portion of equity method investee	—			—			9,000			—		9,000
Investment in equity method investees	—			(750		)	(3,000		)	—		(3,750		)
Dividends from equity method investee in excess of earnings							4,169					4,169
Repayment of loans receivable	—			—			3,000			—		3,000
Purchases of property and equipment	—			(3,199		)	(196		)	—		(3,395		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(3,949		)	12,973			—		9,024
FINANCING ACTIVITIES:
Senior revolving credit facility - borrowings	—			428,100			—			—		428,100
Senior revolving credit facility - repayments	—			(481,100		)	—			—		(481,100		)
Senior secured second-priority notes - borrowings, net of deferred financing costs	224,593											224,593
Senior secured second-priority notes - repurchases and redemptions	—			(470,584		)	—			—		(470,584		)
July 2013 Term Loan - borrowings, net of deferred financing costs	218,213											218,213
Convertible senior subordinated notes - borrowings	—			60,000			—			—		60,000
Production loans - borrowings	—			—			169,427			—		169,427
Production loans - repayments	—			—			(196,098		)	—		(196,098		)
Pennsylvania Regional Center credit facility - repayments							(65,000		)			(65,000		)
Exercise of stock options	9,120			—			—			—		9,120
Tax withholding required on equity awards	(11,257		)	—			—			—		(11,257		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	440,669			(463,584		)	(91,671		)	—		(114,586		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,192			(1,503		)	5,320			—		5,009
FOREIGN EXCHANGE EFFECTS ON CASH	(9		)	—			(151		)	—		(160		)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	592			36,834			24,937			—		62,363
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1,775		$	35,331		$	30,106		$	—	$	67,212

	Six Months Ended
	September 30, 2012
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments		Lions Gate Consolidated
	(Amounts in thousands)
STATEMENT OF CASH FLOWS
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	4,433		$	(136,699	)	$	274,401		$	—	$	142,135
INVESTING ACTIVITIES:
Repayment of loans receivable	—			—			4,274			—		4,274
Purchases of property and equipment	—			(932		)	(44		)	—		(976		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(932		)	4,230			—		3,298
FINANCING ACTIVITIES:
Senior revolving credit facility - borrowings, net of deferred financing costs	—			666,226			—			—		666,226
Senior revolving credit facility - repayments	—			(512,450		)	—			—		(512,450		)
Summit Term Loan - repayments	—			—			(185,504		)	—		(185,504		)
Convertible senior subordinated notes - repurchases	—			(7,639		)	—			—		(7,639		)
Production loans - borrowings	—			—			112,845			—		112,845
Production loans - repayments	—			—			(221,985		)	—		(221,985		)
Change in restricted cash collateral associated with financing activities	—			—			—			—		—
Exercise of stock options	52			—			—			—		52
Tax withholding required on equity awards	(4,005		)	—			—			—		(4,005		)
Other financing obligations - repayments	—			—			(3,710		)	—		(3,710		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	(3,953		)	146,137			(298,354		)	—		(156,170		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	480			8,506			(19,723		)	—		(10,737		)
FOREIGN EXCHANGE EFFECTS ON CASH	(5		)	—			843			—		838
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	561			477			63,260			—		64,298
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1,036		$	8,983		$	44,380		$	—	$	54,399