v3.25.2
Additional Financial Information (Tables)
 3 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash and cash equivalents, restricted cash, and cash in assets of discontinued operations reported in the unaudited condensed consolidated balance sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows as of June 30, 2025 and March 31, 2025. As of June 30, 2025 and March 31, 2025, restricted cash represents primarily amounts related to required cash reserves for interest payments associated with certain corporate debt and film related obligations.

June 30,
2025		March 31,
2025
 (Amounts in millions)
Cash and cash equivalents$186.1 $212.5 
Restricted cash included in other current assets71.5 67.9 
Cash in assets of discontinued operations - current— 11.2 
Total cash, cash equivalents and restricted cash$257.6 $291.6 
Schedule of Composition of Other Assets
The composition of the Company’s other assets is as follows as of June 30, 2025 and March 31, 2025:
 
June 30,
2025		March 31,
2025
 (Amounts in millions)
Other current assets
Prepaid expenses and other$56.3 $46.0 
Restricted cash71.5 67.9 
Contract assets48.8 61.4 
Tax credits receivable210.8 186.8 
$387.4 $362.1 
Other non-current assets
Prepaid expenses and other$18.9 $20.2 
Accounts receivable58.7 65.7 
Contract assets8.0 11.3 
Tax credits receivable406.4 435.8 
Operating lease right-of-use assets294.9 294.1 
$786.9 $827.1 
Schedule of Receivables Transferred The following table presents a summary of the receivables transferred under individual agreements or purchases during the three months ended June 30, 2025 and 2024:
Three Months Ended
June 30,
20252024
 (Amounts in millions)
Carrying value of receivables transferred and derecognized$88.4 $107.4 
Net cash proceeds received86.5 104.1 
Loss recorded related to transfers of receivables1.9 3.3 
Schedule of Changes in Accumulated Other Comprehensive Income
The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the three months ended June 30, 2025 and 2024, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance.
Foreign currency translation adjustmentsNet unrealized gain (loss) on cash flow hedgesTotal
(Amounts in millions)
March 31, 2025$(22.8)$95.4 $72.6 
Other comprehensive income20.5 (3.4)17.1 
Reclassifications to net loss(1)
— (7.4)(7.4)
Spin off of the Starz Business(19.2)— (19.2)
Elimination of noncontrolling interest(2)
(6.8)14.6 7.8 
June 30, 2025$(28.3)$99.2 $70.9 
March 31, 2024$(22.7)$138.7 $116.0 
Other comprehensive income (loss)(2.9)3.7 0.8 
Reclassifications to net loss(1)
— (8.3)(8.3)
Reclassifications to noncontrolling interest(2)
3.6 (19.0)(15.4)
June 30, 2024$(22.0)$115.1 $93.1 
___________________
(1)Represents a gain of $7.4 million included in interest expense on the unaudited condensed consolidated statement of operations in the three months ended June 30, 2025 (three months ended June 30, 2024 - loss of $1.0 million included in direct operating expense and a gain of $9.3 million included in interest expense) (see Note 18).
(2)Represents the Legacy Lionsgate Studios noncontrolling interest that was eliminated in connection with the LG Studios Flip (see Note 3).