Consolidating Financial Information - Convertible Senior Subordinated Notes (Tables) - Convertible Senior Subordinated Notes

6 Months Ended

Sep. 30, 2016

Consolidating Financial Information [Line Items]

Condensed Consolidating Balance Sheet

	As of
	March 31, 2016
	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	$	654	$	28,091		$	28,997	$	—		$	57,742
Restricted cash	—		2,906			—		—			2,906
Accounts receivable, net	676		1,579			1,047,034		—			1,049,289
Investment in films and television programs, net	—		6,407			1,471,889		—			1,478,296
Property and equipment, net	—		36,171			7,213		—			43,384
Investments	40,072		15,354			408,920		—			464,346
Goodwill	10,172		—			524,608		—			534,780
Other assets	314		42,143			32,015		(5,397		)	69,075
Deferred tax assets	1,502		121,725			11,194		—			134,421
Subsidiary investments and advances	1,584,187		1,518,348			3,094,974		(6,197,509		)	—
	$	1,637,577	$	1,772,724		$	6,626,844	$	(6,202,906	)	$	3,834,239
Liabilities and Shareholders' Equity (Deficiency)
Senior revolving credit facility	$	156,136	$	—		$	—	$	—		$	156,136
5.25% Senior Notes	220,796		—			—		—			220,796
Term Loan	388,207		—			—		—			388,207
Accounts payable and accrued liabilities	22,165		89,903			265,630		—			377,698
Participations and residuals	—		3,663			603,695		—			607,358
Film obligations and production loans	—		—			715,018		—			715,018
Convertible senior subordinated notes	—		99,984			—		—			99,984
Deferred revenue	—		4,833			323,411		—			328,244
Intercompany payable	—		1,906,899			2,415,792		(4,322,691		)	—
Redeemable noncontrolling interest	—		—			90,525		—			90,525
Total shareholders' equity (deficiency)	850,273		(332,558		)	2,212,773		(1,880,215		)	850,273
	$	1,637,577	$	1,772,724		$	6,626,844	$	(6,202,906	)	$	3,834,239

	As of
	September 30, 2016
	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	$	1,354	$	55,329		$	49,270	$	—		$	105,953
Restricted cash	—		2,900			—		—			2,900
Accounts receivable, net	862		1,935			950,454		—			953,251
Investment in films and television programs, net	—		6,462			1,322,336		—			1,328,798
Property and equipment, net	—		36,438			6,217		—			42,655
Investments	40,072		15,526			446,689		—			502,287
Goodwill	10,172		—			524,608		—			534,780
Other assets	3,790		39,753			32,785		(5,121		)	71,207
Deferred tax assets	—		210,163			12,964		—			223,127
Subsidiary investments and advances	1,721,926		1,644,298			3,113,325		(6,479,549		)	—
	$	1,778,176	$	2,012,804		$	6,458,648	$	(6,484,670	)	$	3,764,958
Liabilities and Shareholders' Equity (Deficiency)
Senior revolving credit facility	$	297,803	$	—		$	—	$	—		$	297,803
5.25% Senior Notes	221,689		—			—		—			221,689
Term Loan	389,197		—			—		—			389,197
Accounts payable and accrued liabilities	12,383		76,082			260,225		—			348,690
Participations and residuals	—		3,528			648,066		—			651,594
Film obligations and production loans	—		—			512,678		—			512,678
Convertible senior subordinated notes	—		101,140			—		—			101,140
Deferred revenue	—		3,599			288,439		—			292,038
Intercompany payable	—		2,246,129			2,409,403		(4,655,532		)	—
Redeemable noncontrolling interest	—		—			93,025		—			93,025
Total shareholders' equity (deficiency)	857,104		(417,674		)	2,246,812		(1,829,138		)	857,104
	$	1,778,176	$	2,012,804		$	6,458,648	$	(6,484,670	)	$	3,764,958

Condensed Consolidating Statement of Operations

	Six Months Ended
	September 30, 2015
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
	(Amounts in thousands)
STATEMENT OF OPERATIONS
Revenues	$	—		$	14,215		$	872,182		$	(697	)	$	885,700
EXPENSES:
Direct operating	597			(163		)	522,686			—			523,120
Distribution and marketing	—			3,530			221,534			—			225,064
General and administration	3,042			78,875			47,197			(825		)	128,289
Depreciation and amortization	—			3,747			603			—			4,350
Total expenses	3,639			85,989			792,020			(825		)	880,823
OPERATING INCOME (LOSS)	(3,639		)	(71,774		)	80,162			128			4,877
Other expenses (income):
Interest expense	18,294			107,134			83,947			(184,120		)	25,255
Interest and other income	(101,066		)	(316		)	(83,639		)	183,866			(1,155		)
Total other expenses (income)	(82,772		)	106,818			308			(254		)	24,100
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	79,133			(178,592		)	79,854			382			(19,223		)
Equity interests income (loss)	(80,554		)	96,699			20,298			(17,906		)	18,537
INCOME (LOSS) BEFORE INCOME TAXES	(1,421		)	(81,893		)	100,152			(17,524		)	(686		)
Income tax provision (benefit)	(36		)	(1,339		)	2,516			(442		)	699
NET INCOME (LOSS)	(1,385		)	(80,554		)	97,636			(17,082		)	(1,385		)
Less: Net loss attributable to noncontrolling interest	—			—			—			—			—
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(1,385	)	$	(80,554	)	$	97,636		$	(17,082	)	$	(1,385	)

	Six Months Ended
	September 30, 2016
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
				(Amounts in thousands)
STATEMENT OF OPERATIONS
Revenues	$	—		$	8,823		$	1,184,286		$	—		$	1,193,109
EXPENSES:
Direct operating	6			1,464			751,714			—			753,184
Distribution and marketing	—			460			346,532			—			346,992
General and administration	1,297			92,387			70,111			(637		)	163,158
Depreciation and amortization	—			5,857			4,106			—			9,963
Total expenses	1,303			100,168			1,172,463			(637		)	1,273,297
OPERATING INCOME (LOSS)	(1,303		)	(91,345		)	11,823			637			(80,188		)
Other expenses (income):
Interest expense	22,869			114,169			91,471			(197,393		)	31,116
Interest and other income	(107,808		)	—			(91,489		)	197,117			(2,180		)
Total other expenses (income)	(84,939		)	114,169			(18		)	(276		)	28,936
INCOME (LOSS) BEFORE EQUITY INTERESTS AND INCOME TAXES	83,636			(205,514		)	11,841			913			(109,124		)
Equity interests income (loss)	(96,890		)	24,108			13,604			71,932			12,754
INCOME (LOSS) BEFORE INCOME TAXES	(13,254		)	(181,406		)	25,445			72,845			(96,370		)
Income tax provision (benefit)	2,950			(84,516		)	11,156			(9,496		)	(79,906		)
NET INCOME (LOSS)	(16,204		)	(96,890		)	14,289			82,341			(16,464		)
Less: Net loss attributable to noncontrolling interest	—			—			—			260			260
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(16,204	)	$	(96,890	)	$	14,289		$	82,601		$	(16,204	)

Condensed Consolidating Statement of Comprehensive Income (Loss)

	Six Months Ended
	September 30, 2015
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
STATEMENT OF COMPREHENSIVE INCOME (LOSS)	(Amounts in thousands)
NET INCOME (LOSS)	$	(1,385	)	$	(80,554	)	$	97,636		$	(17,082	)	$	(1,385	)
Foreign currency translation adjustments, net of tax	1,993			3,136			(2,162		)	(974		)	1,993
Net unrealized gain on available-for-sale securities, net of tax	12,002						12,002			(12,002		)	12,002
Net unrealized gain on foreign exchange contracts, net of tax	2,994			—			2,994			(2,994		)	2,994
COMPREHENSIVE INCOME (LOSS)	$	15,604		$	(77,418	)	$	110,470		$	(33,052	)	$	15,604
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			—			—
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	15,604		$	(77,418	)	$	110,470		$	(33,052	)	$	15,604

	Six Months Ended
	September 30, 2016
	Lions Gate Entertainment Corp.			Lions Gate Entertainment Inc.			Non-guarantor Subsidiaries			Consolidating Adjustments			Lions Gate Consolidated
STATEMENT OF COMPREHENSIVE INCOME (LOSS)				(Amounts in thousands)
NET INCOME (LOSS)	$	(16,204	)	$	(96,890	)	$	14,289		$	82,341		$	(16,464	)
Foreign currency translation adjustments, net of tax	(5,485		)	(8,901		)	(9,090		)	17,991			(5,485		)
Net unrealized gain on available-for-sale securities, net of tax	22,884			—			22,884			(22,884		)	22,884
Net unrealized gain on foreign exchange contracts, net of tax	(2,986		)	—			(2,986		)	2,986			(2,986		)
COMPREHENSIVE INCOME (LOSS)	(1,791		)	(105,791		)	25,097			80,434			(2,051		)
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			260			260
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$	(1,791	)	$	(105,791	)	$	25,097		$	80,694		$	(1,791	)

Condensed Consolidating Statement of Cash Flows

	Six Months Ended
	September 30, 2016
	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	$	(85,736	)	$	32,731		$	247,403		$	—	$	194,398
INVESTING ACTIVITIES:
Investment in equity method investees	—			(1,000		)	(4,344		)	—		(5,344		)
Distributions from equity method investees	—			—			2,263			—		2,263
Purchases of property and equipment	—			(4,493		)	(1,808		)	—		(6,301		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(5,493		)	(3,889		)	—		(9,382		)
FINANCING ACTIVITIES:
Senior revolving credit facility - borrowings	454,000			—			—			—		454,000
Senior revolving credit facility - repayments	(314,000		)	—			—			—		(314,000		)
Production loans - borrowings	—			—			152,296			—		152,296
Production loans - repayments	—			—			(373,726		)	—		(373,726		)
Dividends paid	(26,819		)	—			—			—		(26,819		)
Distributions to noncontrolling interest	—			—			(3,309		)	—		(3,309		)
Exercise of stock options	500			—			—			—		500
Tax withholding required on equity awards	(27,253		)	—			—			—		(27,253		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	86,428			—			(224,739		)	—		(138,311		)
NET CHANGE IN CASH AND CASH EQUIVALENTS	692			27,238			18,775			—		46,705
FOREIGN EXCHANGE EFFECTS ON CASH	8			—			1,498			—		1,506
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	654			28,091			28,997			—		57,742
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	1,354		$	55,329		$	49,270		$	—	$	105,953

	Six Months Ended
	September 30, 2015
	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	$	42,018		$	53,149		$	(263,775	)	$	—	$	(168,608	)
INVESTING ACTIVITIES:
Investment in equity method investees	—			—			(3,659		)	—		(3,659		)
Purchases of property and equipment	—			(6,765		)	(115		)	—		(6,880		)
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	—			(6,765		)	(3,774		)	—		(10,539		)
FINANCING ACTIVITIES:
Term Loan - borrowings, net of deferred financing costs of $964	24,036			—			—			—		24,036
Convertible senior subordinated notes - repurchases	—			(5		)	—			—		(5		)
Production loans - borrowings	—			—			370,945			—		370,945
Production loans - repayments	—			—			(112,474		)	—		(112,474		)
Dividends paid	(20,563		)	—			—			—		(20,563		)
Excess tax benefits on equity-based compensation awards	—			—			—			—		—
Exercise of stock options	4,453			—			—			—		4,453
Tax withholding required on equity awards	(18,983		)	—			—			—		(18,983		)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	(11,057		)	(5		)	258,471			—		247,409
NET CHANGE IN CASH AND CASH EQUIVALENTS	30,961			46,379			(9,078		)	—		68,262
FOREIGN EXCHANGE EFFECTS ON CASH	—			—			(542		)	—		(542		)
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	3,499			47,290			51,908			—		102,697
CASH AND CASH EQUIVALENTS — END OF PERIOD	$	34,460		$	93,669		$	42,288		$	—	$	170,417