lgfa-20200930
LIONS GATE ENTERTAINMENT CORP /CN/00009293513/312021Q2false500.0500.082.983.0500.0500.0137.6136.4lgfa:DirectOperatingCost5.8756.375us-gaap:OtherAssetsNoncurrentus-gaap:AccountsPayableAndAccruedLiabilitiesCurrentus-gaap:OtherLiabilitiesNoncurrentlgfa:PropertyPlantandEquipmentandFinanceLeaseRightofUseAssetafterAccumulatedDepreciationandAmortizationus-gaap:LongTermDebtAndCapitalLeaseObligationsCurrentus-gaap:LongTermDebtAndCapitalLeaseObligations5.8756.37561100009293512020-04-012020-09-300000929351dei:OtherAddressMember2020-04-012020-09-300000929351us-gaap:CommonClassAMember2020-04-012020-09-300000929351us-gaap:CommonClassBMember2020-04-012020-09-30xbrli:shares0000929351us-gaap:CommonClassAMember2020-11-020000929351us-gaap:CommonClassBMember2020-11-02iso4217:USD00009293512020-09-3000009293512020-03-310000929351us-gaap:CommonClassAMember2020-09-300000929351us-gaap:CommonClassAMember2020-03-310000929351us-gaap:CommonClassBMember2020-09-300000929351us-gaap:CommonClassBMember2020-03-31iso4217:USDxbrli:shares00009293512020-07-012020-09-3000009293512019-07-012019-09-3000009293512019-04-012019-09-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2020-06-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-06-300000929351us-gaap:RetainedEarningsMember2020-06-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300000929351us-gaap:ParentMember2020-06-300000929351us-gaap:NoncontrollingInterestMember2020-06-3000009293512020-06-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2020-07-012020-09-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-07-012020-09-300000929351us-gaap:ParentMember2020-07-012020-09-300000929351us-gaap:RetainedEarningsMember2020-07-012020-09-300000929351us-gaap:NoncontrollingInterestMember2020-07-012020-09-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2020-09-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-09-300000929351us-gaap:RetainedEarningsMember2020-09-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300000929351us-gaap:ParentMember2020-09-300000929351us-gaap:NoncontrollingInterestMember2020-09-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2019-06-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-06-300000929351us-gaap:RetainedEarningsMember2019-06-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300000929351us-gaap:ParentMember2019-06-300000929351us-gaap:NoncontrollingInterestMember2019-06-3000009293512019-06-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2019-07-012019-09-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-07-012019-09-300000929351us-gaap:ParentMember2019-07-012019-09-300000929351us-gaap:NoncontrollingInterestMember2019-07-012019-09-300000929351us-gaap:RetainedEarningsMember2019-07-012019-09-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2019-09-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-09-300000929351us-gaap:RetainedEarningsMember2019-09-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300000929351us-gaap:ParentMember2019-09-300000929351us-gaap:NoncontrollingInterestMember2019-09-3000009293512019-09-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2020-03-310000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-03-310000929351us-gaap:RetainedEarningsMember2020-03-310000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310000929351us-gaap:ParentMember2020-03-310000929351us-gaap:NoncontrollingInterestMember2020-03-310000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2020-04-012020-09-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-04-012020-09-300000929351us-gaap:ParentMember2020-04-012020-09-300000929351us-gaap:NoncontrollingInterestMember2020-04-012020-09-300000929351us-gaap:RetainedEarningsMember2020-04-012020-09-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-09-300000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2019-03-310000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-03-310000929351us-gaap:RetainedEarningsMember2019-03-310000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-310000929351us-gaap:ParentMember2019-03-310000929351us-gaap:NoncontrollingInterestMember2019-03-3100009293512019-03-310000929351us-gaap:CommonStockMemberus-gaap:CommonClassAMember2019-04-012019-09-300000929351us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-04-012019-09-300000929351us-gaap:ParentMember2019-04-012019-09-300000929351us-gaap:NoncontrollingInterestMember2019-04-012019-09-300000929351us-gaap:RetainedEarningsMember2019-04-012019-09-300000929351us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-09-3000009293512020-04-010000929351lgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351us-gaap:CorporateNonSegmentMember2020-07-012020-09-300000929351us-gaap:CorporateNonSegmentMember2019-07-012019-09-300000929351us-gaap:CorporateNonSegmentMember2020-04-012020-09-300000929351us-gaap:CorporateNonSegmentMember2019-04-012019-09-30xbrli:pure0000929351srt:MinimumMember2020-09-300000929351srt:MaximumMember2020-09-300000929351us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-09-300000929351us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-03-310000929351us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-07-012020-09-300000929351us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2019-07-012019-09-300000929351us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-04-012020-09-300000929351us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2019-04-012019-09-300000929351us-gaap:RevolvingCreditFacilityMember2020-09-300000929351us-gaap:RevolvingCreditFacilityMember2020-03-310000929351lgfa:TermLoanAFacilityMemberus-gaap:LoansPayableMember2020-09-300000929351lgfa:TermLoanAFacilityMemberus-gaap:LoansPayableMember2020-03-310000929351lgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMember2020-09-300000929351lgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMember2020-03-310000929351lgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMember2020-09-300000929351lgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMember2020-03-310000929351us-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-09-300000929351us-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-03-310000929351us-gaap:LetterOfCreditMember2020-09-300000929351us-gaap:RevolvingCreditFacilityMembersrt:MinimumMember2020-04-012020-09-300000929351us-gaap:RevolvingCreditFacilityMembersrt:MaximumMember2020-04-012020-09-300000929351us-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-04-012020-09-300000929351us-gaap:BaseRateMemberus-gaap:RevolvingCreditFacilityMember2020-04-012020-09-300000929351us-gaap:RevolvingCreditFacilityMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-09-300000929351us-gaap:RevolvingCreditFacilityMember2020-04-012020-09-300000929351lgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-04-012020-09-300000929351lgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-09-300000929351us-gaap:BaseRateMemberlgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMember2020-04-012020-09-300000929351lgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMemberus-gaap:DebtInstrumentRedemptionPeriodOneMember2020-04-012020-09-300000929351lgfa:A5.875SeniorNotesMemberus-gaap:DebtInstrumentRedemptionPeriodTwoMemberus-gaap:SeniorNotesMember2020-04-012020-09-300000929351lgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMemberus-gaap:DebtInstrumentRedemptionPeriodThreeMember2020-04-012020-09-300000929351lgfa:A5.875SeniorNotesMemberus-gaap:DebtInstrumentRedemptionPeriodFourMemberus-gaap:SeniorNotesMember2020-04-012020-09-300000929351us-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMemberus-gaap:DebtInstrumentRedemptionPeriodOneMember2020-04-012020-09-300000929351us-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-04-012020-09-300000929351us-gaap:DebtInstrumentRedemptionPeriodTwoMemberus-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-04-012020-09-300000929351us-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMemberus-gaap:DebtInstrumentRedemptionPeriodThreeMember2020-04-012020-09-300000929351us-gaap:DebtInstrumentRedemptionPeriodFourMemberus-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-04-012020-09-300000929351lgfa:ChangeinControlMemberus-gaap:SeniorNotesMemberlgfa:A5.875SeniorNotesand6.375SeniorNotesMember2020-04-012020-09-300000929351lgfa:CertainAssetDispositionMemberus-gaap:SeniorNotesMemberlgfa:A5.875SeniorNotesand6.375SeniorNotesMember2020-04-012020-09-300000929351lgfa:SeniorCreditFacilitiesAnd5.875SeniorNotesAnd6.375SeniorNotesMember2020-04-012020-09-300000929351lgfa:SeniorCreditFacilitiesAnd5.875SeniorNotesAnd6.375SeniorNotesMember2020-09-300000929351srt:MaximumMember2020-04-012020-09-300000929351lgfa:IndividualProductionLoansMembersrt:MinimumMember2020-09-300000929351lgfa:IndividualProductionLoansMembersrt:MaximumMember2020-09-300000929351us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300000929351us-gaap:FairValueMeasurementsRecurringMember2020-09-300000929351us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000929351us-gaap:FairValueMeasurementsRecurringMember2020-03-310000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:TermLoanAFacilityMemberus-gaap:LoansPayableMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberlgfa:TermLoanAFacilityMemberus-gaap:LoansPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:TermLoanAFacilityMemberus-gaap:LoansPayableMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberlgfa:TermLoanAFacilityMemberus-gaap:LoansPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberlgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberlgfa:TermLoanBFacilityMemberus-gaap:LoansPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberlgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberlgfa:A5.875SeniorNotesMemberus-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberus-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000929351us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberus-gaap:SeniorNotesMemberlgfa:A6.375SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000929351lgfa:IndividualProductionLoansMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:IndividualProductionLoansMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberlgfa:IndividualProductionLoansMemberlgfa:IndividualProductionLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000929351lgfa:IndividualProductionLoansMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberlgfa:IndividualProductionLoansMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberlgfa:IndividualProductionLoansMemberlgfa:IndividualProductionLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000929351us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-09-300000929351us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300000929351us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-03-310000929351us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000929351lgfa:A3ArtsEntertainmentMember2020-04-012020-09-300000929351lgfa:PilgrimMediaGroupMember2020-09-300000929351lgfa:PilgrimMediaGroupMember2020-04-012020-09-300000929351lgfa:TheatricalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TheatricalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TheatricalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TheatricalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:MotionPictureMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:MotionPictureMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:MotionPictureMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:MotionPictureMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:PackagedMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:PackagedMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:PackagedMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:PackagedMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:MotionPictureMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:MotionPictureMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:MotionPictureMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:MotionPictureMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:InternationalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:InternationalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:InternationalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:InternationalMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:OtherMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:OtherMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:OtherMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:OtherMediaMemberlgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:DomesticTelevisionMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:DomesticTelevisionMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:DomesticTelevisionMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:DomesticTelevisionMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:InternationalMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:InternationalMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:InternationalMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:InternationalMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:DigitalMediaMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:PackagedMediaMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:PackagedMediaMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:PackagedMediaMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:PackagedMediaMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:HomeEntertainmentMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:OtherMediaMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:OtherMediaMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberlgfa:OtherMediaMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberlgfa:OtherMediaMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351country:USlgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351country:USlgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351country:USlgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351country:USlgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:MediaNetworksMemberlgfa:InternationalMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:MediaNetworksMemberlgfa:InternationalMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:MediaNetworksMemberlgfa:InternationalMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:MediaNetworksMemberlgfa:InternationalMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:MediaNetworksMemberlgfa:ProgrammingMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351us-gaap:IntersegmentEliminationMember2020-07-012020-09-300000929351us-gaap:IntersegmentEliminationMember2019-07-012019-09-300000929351us-gaap:IntersegmentEliminationMember2020-04-012020-09-300000929351us-gaap:IntersegmentEliminationMember2019-04-012019-09-300000929351country:USlgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMemberlgfa:OtherStreamingServicesMember2020-07-012020-09-300000929351country:USlgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMemberlgfa:OtherStreamingServicesMember2020-04-012020-09-300000929351country:USlgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMemberlgfa:OtherStreamingServicesMember2019-07-012019-09-300000929351country:USlgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMemberlgfa:OtherStreamingServicesMember2019-04-012019-09-3000009293512020-10-012020-09-3000009293512021-04-012020-09-3000009293512022-04-012020-09-3000009293512023-04-012020-09-300000929351us-gaap:EquityUnitPurchaseAgreementsMember2020-07-012020-09-300000929351us-gaap:EquityUnitPurchaseAgreementsMember2019-07-012019-09-300000929351us-gaap:EquityUnitPurchaseAgreementsMember2020-04-012020-09-300000929351us-gaap:EquityUnitPurchaseAgreementsMember2019-04-012019-09-300000929351us-gaap:RestrictedStockUnitsRSUMember2020-07-012020-09-300000929351us-gaap:RestrictedStockUnitsRSUMember2019-07-012019-09-300000929351us-gaap:RestrictedStockUnitsRSUMember2020-04-012020-09-300000929351us-gaap:RestrictedStockUnitsRSUMember2019-04-012019-09-300000929351us-gaap:StockCompensationPlanMember2020-07-012020-09-300000929351us-gaap:StockCompensationPlanMember2019-07-012019-09-300000929351us-gaap:StockCompensationPlanMember2020-04-012020-09-300000929351us-gaap:StockCompensationPlanMember2019-04-012019-09-300000929351us-gaap:EmployeeStockOptionMember2020-09-300000929351us-gaap:EmployeeStockOptionMember2020-03-310000929351us-gaap:RestrictedStockUnitsRSUMember2020-09-300000929351us-gaap:RestrictedStockUnitsRSUMember2020-03-310000929351lgfa:PurchaseOptionsAndRestrictedSharesMember2020-09-300000929351lgfa:PurchaseOptionsAndRestrictedSharesMember2020-03-3100009293512020-09-152020-09-1500009293512020-09-150000929351us-gaap:EmployeeStockOptionMember2020-07-012020-09-300000929351us-gaap:EmployeeStockOptionMember2019-07-012019-09-300000929351us-gaap:EmployeeStockOptionMember2020-04-012020-09-300000929351us-gaap:EmployeeStockOptionMember2019-04-012019-09-300000929351lgfa:RestrictedShareUnitsAndOtherShareBasedCompensationMember2020-07-012020-09-300000929351lgfa:RestrictedShareUnitsAndOtherShareBasedCompensationMember2019-07-012019-09-300000929351lgfa:RestrictedShareUnitsAndOtherShareBasedCompensationMember2020-04-012020-09-300000929351lgfa:RestrictedShareUnitsAndOtherShareBasedCompensationMember2019-04-012019-09-300000929351us-gaap:StockAppreciationRightsSARSMember2020-07-012020-09-300000929351us-gaap:StockAppreciationRightsSARSMember2019-07-012019-09-300000929351us-gaap:StockAppreciationRightsSARSMember2020-04-012020-09-300000929351us-gaap:StockAppreciationRightsSARSMember2019-04-012019-09-300000929351us-gaap:OperatingExpenseMember2020-07-012020-09-300000929351us-gaap:OperatingExpenseMember2019-07-012019-09-300000929351us-gaap:OperatingExpenseMember2020-04-012020-09-300000929351us-gaap:OperatingExpenseMember2019-04-012019-09-300000929351lgfa:DistributionAndMarketingMember2020-07-012020-09-300000929351lgfa:DistributionAndMarketingMember2019-07-012019-09-300000929351lgfa:DistributionAndMarketingMember2020-04-012020-09-300000929351lgfa:DistributionAndMarketingMember2019-04-012019-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMember2020-07-012020-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMember2019-07-012019-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMember2020-04-012020-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMember2019-04-012019-09-300000929351us-gaap:RestructuringChargesMember2020-07-012020-09-300000929351us-gaap:RestructuringChargesMember2019-07-012019-09-300000929351us-gaap:RestructuringChargesMember2020-04-012020-09-300000929351us-gaap:RestructuringChargesMember2019-04-012019-09-300000929351lgfa:SharebasedPaymentArrangementOptionsandStockAppreciationRightsSARSMemberus-gaap:CommonClassAMember2020-03-310000929351us-gaap:CommonClassBMemberlgfa:SharebasedPaymentArrangementOptionsandStockAppreciationRightsSARSMember2020-03-310000929351lgfa:RestrictedStockandRestrictedShareUnitsRSUsMemberus-gaap:CommonClassAMember2020-03-310000929351us-gaap:CommonClassBMemberlgfa:RestrictedStockandRestrictedShareUnitsRSUsMember2020-03-310000929351lgfa:SharebasedPaymentArrangementOptionsandStockAppreciationRightsSARSMemberus-gaap:CommonClassAMember2020-04-012020-09-300000929351us-gaap:CommonClassBMemberlgfa:SharebasedPaymentArrangementOptionsandStockAppreciationRightsSARSMember2020-04-012020-09-300000929351lgfa:RestrictedStockandRestrictedShareUnitsRSUsMemberus-gaap:CommonClassAMember2020-04-012020-09-300000929351us-gaap:CommonClassBMemberlgfa:RestrictedStockandRestrictedShareUnitsRSUsMember2020-04-012020-09-300000929351lgfa:SharebasedPaymentArrangementOptionsandStockAppreciationRightsSARSMemberus-gaap:CommonClassAMember2020-09-300000929351us-gaap:CommonClassBMemberlgfa:SharebasedPaymentArrangementOptionsandStockAppreciationRightsSARSMember2020-09-300000929351lgfa:RestrictedStockandRestrictedShareUnitsRSUsMemberus-gaap:CommonClassAMember2020-09-300000929351us-gaap:CommonClassBMemberlgfa:RestrictedStockandRestrictedShareUnitsRSUsMember2020-09-300000929351lgfa:RestrictedStockandRestrictedShareUnitsRSUsMemberus-gaap:CommonClassAMembersrt:MaximumMember2020-09-300000929351us-gaap:CommonClassBMembersrt:MaximumMemberus-gaap:StockAppreciationRightsSARSMember2020-04-012020-09-300000929351us-gaap:CommonClassAMemberlgfa:SharebasedPaymentArrangementOptionandStockAppreciationRightsSARSExistingMember2020-05-072020-05-070000929351lgfa:SharebasedPaymentArrangementOptionandStockAppreciationRightsSARSNewMemberus-gaap:CommonClassAMember2020-05-072020-05-070000929351us-gaap:CommonClassBMemberlgfa:SharebasedPaymentArrangementOptionandStockAppreciationRightsSARSExistingMember2020-05-072020-05-070000929351lgfa:SharebasedPaymentArrangementOptionandStockAppreciationRightsSARSNewMemberus-gaap:CommonClassBMember2020-05-072020-05-070000929351us-gaap:SubsequentEventMember2007-05-312020-11-050000929351us-gaap:SubsequentEventMember2020-11-050000929351us-gaap:EmployeeSeveranceMemberlgfa:CashSeveranceMember2020-07-012020-09-300000929351us-gaap:EmployeeSeveranceMemberlgfa:CashSeveranceMember2019-07-012019-09-300000929351us-gaap:EmployeeSeveranceMemberlgfa:CashSeveranceMember2020-04-012020-09-300000929351us-gaap:EmployeeSeveranceMemberlgfa:CashSeveranceMember2019-04-012019-09-300000929351lgfa:AcceleratedVestingonSharebasedCompensationMemberus-gaap:EmployeeSeveranceMember2020-07-012020-09-300000929351lgfa:AcceleratedVestingonSharebasedCompensationMemberus-gaap:EmployeeSeveranceMember2019-07-012019-09-300000929351lgfa:AcceleratedVestingonSharebasedCompensationMemberus-gaap:EmployeeSeveranceMember2020-04-012020-09-300000929351lgfa:AcceleratedVestingonSharebasedCompensationMemberus-gaap:EmployeeSeveranceMember2019-04-012019-09-300000929351us-gaap:EmployeeSeveranceMember2020-07-012020-09-300000929351us-gaap:EmployeeSeveranceMember2019-07-012019-09-300000929351us-gaap:EmployeeSeveranceMember2020-04-012020-09-300000929351us-gaap:EmployeeSeveranceMember2019-04-012019-09-300000929351lgfa:COVID19RelatedCostsMember2020-07-012020-09-300000929351lgfa:COVID19RelatedCostsMember2019-07-012019-09-300000929351lgfa:COVID19RelatedCostsMember2020-04-012020-09-300000929351lgfa:COVID19RelatedCostsMember2019-04-012019-09-300000929351lgfa:TransactionAndRelatedCostMember2020-07-012020-09-300000929351lgfa:TransactionAndRelatedCostMember2019-07-012019-09-300000929351lgfa:TransactionAndRelatedCostMember2020-04-012020-09-300000929351lgfa:TransactionAndRelatedCostMember2019-04-012019-09-300000929351lgfa:DirectOperatingCostMember2020-07-012020-09-300000929351lgfa:DirectOperatingCostMember2019-07-012019-09-300000929351lgfa:DirectOperatingCostMember2020-04-012020-09-300000929351lgfa:DirectOperatingCostMember2019-04-012019-09-300000929351us-gaap:EmployeeSeveranceMember2020-03-310000929351us-gaap:EmployeeSeveranceMember2019-03-310000929351us-gaap:EmployeeSeveranceMember2020-09-300000929351us-gaap:EmployeeSeveranceMember2019-09-300000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:EmployeeSeveranceMember2020-09-30lgfa:segment0000929351lgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351lgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351lgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351lgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351us-gaap:IntersegmentEliminationMemberlgfa:MotionPictureMember2020-07-012020-09-300000929351us-gaap:IntersegmentEliminationMemberlgfa:MotionPictureMember2019-07-012019-09-300000929351us-gaap:IntersegmentEliminationMemberlgfa:MotionPictureMember2020-04-012020-09-300000929351us-gaap:IntersegmentEliminationMemberlgfa:MotionPictureMember2019-04-012019-09-300000929351lgfa:TelevisionProductionMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300000929351lgfa:TelevisionProductionMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300000929351lgfa:TelevisionProductionMemberus-gaap:IntersegmentEliminationMember2020-04-012020-09-300000929351lgfa:TelevisionProductionMemberus-gaap:IntersegmentEliminationMember2019-04-012019-09-300000929351lgfa:MediaNetworksMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300000929351lgfa:MediaNetworksMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300000929351lgfa:MediaNetworksMemberus-gaap:IntersegmentEliminationMember2020-04-012020-09-300000929351lgfa:MediaNetworksMemberus-gaap:IntersegmentEliminationMember2019-04-012019-09-300000929351us-gaap:OperatingSegmentsMember2020-07-012020-09-300000929351us-gaap:OperatingSegmentsMember2019-07-012019-09-300000929351us-gaap:OperatingSegmentsMember2020-04-012020-09-300000929351us-gaap:OperatingSegmentsMember2019-04-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMember2020-07-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMember2019-07-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMember2020-04-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMember2019-04-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:PurchaseAccountingandRelatedAdjustmentsMember2020-07-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:PurchaseAccountingandRelatedAdjustmentsMember2019-07-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:PurchaseAccountingandRelatedAdjustmentsMember2020-04-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:PurchaseAccountingandRelatedAdjustmentsMember2019-04-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:RestructuringChargesMember2020-07-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:RestructuringChargesMember2019-07-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:RestructuringChargesMember2020-04-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:RestructuringChargesMember2019-04-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:OperatingExpenseMember2020-07-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:OperatingExpenseMember2019-07-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:OperatingExpenseMember2020-04-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberus-gaap:OperatingExpenseMember2019-04-012019-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMemberlgfa:CorporateAndReconcilingItemsMember2020-07-012020-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMemberlgfa:CorporateAndReconcilingItemsMember2019-07-012019-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMemberlgfa:CorporateAndReconcilingItemsMember2020-04-012020-09-300000929351us-gaap:GeneralAndAdministrativeExpenseMemberlgfa:CorporateAndReconcilingItemsMember2019-04-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:DepreciationandAmortizationExpenseMember2020-07-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:DepreciationandAmortizationExpenseMember2019-07-012019-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:DepreciationandAmortizationExpenseMember2020-04-012020-09-300000929351lgfa:CorporateAndReconcilingItemsMemberlgfa:DepreciationandAmortizationExpenseMember2019-04-012019-09-300000929351lgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-09-300000929351lgfa:MotionPictureMemberus-gaap:OperatingSegmentsMember2020-03-310000929351lgfa:TelevisionProductionMemberus-gaap:OperatingSegmentsMember2020-09-300000929351lgfa:TelevisionProductionMemberus-gaap:OperatingSegmentsMember2020-03-310000929351lgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMember2020-09-300000929351lgfa:MediaNetworksMemberus-gaap:OperatingSegmentsMember2020-03-310000929351us-gaap:MaterialReconcilingItemsMember2020-09-300000929351us-gaap:MaterialReconcilingItemsMember2020-03-31lgfa:class_action_complaint0000929351lgfa:FiduciaryLitigationMember2016-07-192016-08-300000929351lgfa:FiduciaryLitigationMember2018-10-092018-10-090000929351lgfa:FiduciaryLitigationMember2018-11-05iso4217:GBP0000929351us-gaap:ForeignExchangeForwardMembercurrency:GBP2020-09-30iso4217:HUF0000929351currency:HUFus-gaap:ForeignExchangeForwardMember2020-09-30iso4217:EUR0000929351us-gaap:ForeignExchangeForwardMembercurrency:EUR2020-09-30iso4217:CAD0000929351us-gaap:ForeignExchangeForwardMembercurrency:CAD2020-09-30iso4217:HRK0000929351us-gaap:ForeignExchangeForwardMembercurrency:HRK2020-09-300000929351us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberlgfa:InterestRateSwapFixedRatePaid2.915EffectiveDateMay232018Member2020-03-310000929351lgfa:InterestRateSwapFixedRatePaid2.723EffectiveDateJune252018Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351lgfa:InterestRateSwapFixedRatePaid2.885EffectiveDateJuly312018Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351lgfa:InterestRateSwapFixedRatePaid2.744EffectiveDateDecember242018Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351lgfa:InterestRateSwapFixedRatePaid2.808EffectiveDateDecember242018Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351lgfa:InterestRateSwapFixedRatePaid2.728EffectiveDateDecember242018Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:InterestRateSwapMember2020-04-012020-09-300000929351us-gaap:InterestRateSwapMember2020-07-012020-09-300000929351srt:MinimumMemberus-gaap:InterestRateSwapMember2020-04-012020-09-300000929351us-gaap:InterestRateSwapMembersrt:MaximumMember2020-04-012020-09-300000929351us-gaap:InterestRateSwapMember2020-03-310000929351us-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2020-04-012020-09-300000929351us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-04-012020-09-300000929351us-gaap:NondesignatedMemberlgfa:InterestRateSwapFixedRateReceived2.915EffectiveDateMay192020Memberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberlgfa:InterestRateSwapFixedRateReceived2.885EffectiveDateMay192020Member2020-09-300000929351us-gaap:NondesignatedMemberlgfa:InterestRateSwapFixedRateReceived2.744EffectiveDateMay192020Memberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:NondesignatedMemberlgfa:InterestRateSwapFixedRateReceived2.808EffectiveDateJune152020Memberus-gaap:InterestRateSwapMember2020-09-300000929351lgfa:InterestRateSwapFixedRateReceived2.728EffectiveDateJune152020Memberus-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:NondesignatedMemberlgfa:InterestRateSwapFixedRateReceived2723EffectiveDateAugust142020Memberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2020-09-300000929351lgfa:InterestRateSwapFixedRatePaid1.923EffectiveDateMay192020Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351lgfa:InterestRateSwapFixedRatePaid2.531EffectiveDateMay192020Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351lgfa:InterestRateSwapFixedRatePaid2.343EffectiveDateJune152020Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351lgfa:InterestRateSwapFixedRatePaid1840EffectiveDateAugust142020Memberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351lgfa:AccumulatedGainLossNetCashFlowHedgeDiscontinuedIncludingNoncontrollingInterestMemberus-gaap:InterestRateSwapMember2020-03-310000929351us-gaap:ForeignExchangeForwardMember2020-07-012020-09-300000929351us-gaap:ForeignExchangeForwardMember2019-07-012019-09-300000929351us-gaap:ForeignExchangeForwardMember2020-04-012020-09-300000929351us-gaap:ForeignExchangeForwardMember2019-04-012019-09-300000929351us-gaap:InterestRateSwapMember2019-07-012019-09-300000929351us-gaap:InterestRateSwapMember2019-04-012019-09-300000929351us-gaap:ForeignExchangeForwardMemberus-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:ForeignExchangeForwardMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:ForeignExchangeForwardMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:OtherCurrentAssetsMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMemberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:NondesignatedMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:InterestRateSwapMember2020-09-300000929351us-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300000929351us-gaap:NondesignatedMemberlgfa:InterestRateSwapFinancingMember2020-09-300000929351us-gaap:ForeignExchangeForwardMemberus-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:ForeignExchangeForwardMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:ForeignExchangeForwardMemberus-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:OtherCurrentAssetsMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMemberus-gaap:OtherCurrentAssetsMember2020-03-310000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMember2020-03-310000929351us-gaap:NondesignatedMemberus-gaap:ForeignExchangeForwardMemberus-gaap:OtherNoncurrentLiabilitiesMember2020-03-310000929351us-gaap:OtherCurrentAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000929351lgfa:ThirdPartyPurchasersIndividualAgreementsMemberus-gaap:TradeAccountsReceivableMember2020-07-012020-09-300000929351lgfa:ThirdPartyPurchasersIndividualAgreementsMemberus-gaap:TradeAccountsReceivableMember2019-07-012019-09-300000929351lgfa:ThirdPartyPurchasersIndividualAgreementsMemberus-gaap:TradeAccountsReceivableMember2020-04-012020-09-300000929351lgfa:ThirdPartyPurchasersIndividualAgreementsMemberus-gaap:TradeAccountsReceivableMember2019-04-012019-09-300000929351lgfa:ThirdPartyPurchasersIndividualAgreementsMemberus-gaap:TradeAccountsReceivableMember2020-09-300000929351lgfa:ThirdPartyPurchasersIndividualAgreementsMemberus-gaap:TradeAccountsReceivableMember2020-03-310000929351us-gaap:TradeAccountsReceivableMemberlgfa:ThirdPartyPurchasersRevolvingPooledAgreementsMember2019-12-012019-12-310000929351us-gaap:TradeAccountsReceivableMemberlgfa:ThirdPartyPurchasersRevolvingPooledAgreementsMember2020-09-300000929351us-gaap:TradeAccountsReceivableMemberlgfa:ThirdPartyPurchasersRevolvingPooledAgreementsMember2020-07-012020-09-300000929351us-gaap:TradeAccountsReceivableMemberlgfa:ThirdPartyPurchasersRevolvingPooledAgreementsMember2020-04-012020-09-300000929351us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-03-310000929351us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2020-03-310000929351us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-09-300000929351us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-09-300000929351us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-09-300000929351us-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2020-09-30
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________________________________________________
Form 10-Q 
____________________________________________________________________________________________________
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from  ____________ to  ____________
Commission File No.: 1-14880
____________________________________________________________________________________________________
Lions Gate Entertainment Corp.
(Exact name of registrant as specified in its charter)
____________________________________________________________________________________________________
British Columbia, Canada N/A
(State or other jurisdiction of
incorporation or organization)
 (I.R.S. Employer
Identification No.)
250 Howe Street, 20th Floor
Vancouver, British Columbia V6C 3R8
and
2700 Colorado Avenue
Santa Monica, California 90404
(Address of principal executive offices)
____________________________________________________________________________________________________
(877) 848-3866
(Registrant’s telephone number, including area code)
____________________________________________________________________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Class A Voting Common Shares, no par value per shareLGF.ANew York Stock Exchange
Class B Non-Voting Common Shares, no par value per shareLGF.BNew York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes    No  
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.
Title of Each Class Outstanding at November 2, 2020
Class A Voting Common Shares, no par value per share 83,011,590 shares
Class B Non-Voting Common Shares, no par value per share137,773,091 shares


Table of Contents
 
  
ItemPage
 

2

Table of Contents
FORWARD-LOOKING STATEMENTS

This report includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “potential,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “forecasts,” “may,” “will,” “could,” “would” or “should” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those discussed under Part I, Item 1A. “Risk Factors” found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on May 27, 2020, which risk factors are incorporated herein by reference, as updated by the risk factors found under Part II, Item 1A. "Risk Factors" herein. These risk factors should not be construed as exhaustive and should be read with the other cautionary statements and information in our Annual Report on Form 10-K, and this report. These factors may also be increased or intensified as a result of events related to the coronavirus (COVID-19 global pandemic), including as a result of the resurgence of the COVID-19 global pandemic due to the increasing rates of infection. The extent to which the COVID-19 global pandemic ultimately impacts our business, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted.
We caution you that forward-looking statements made in this report or anywhere else are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially and adversely from those made in or suggested by the forward-looking statements contained in this report as a result of various important factors, including, but not limited to: the potential effects of the COVID-19 global pandemic on the Company, economic and business conditions; the substantial investment of capital required to produce and market films and television series; budget overruns; limitations imposed by our credit facilities and notes; unpredictability of the commercial success of our motion pictures and television programming; risks related to acquisition and integration of acquired businesses; the effects of dispositions of businesses or assets, including individual films or libraries; the cost of defending our intellectual property; technological changes and other trends affecting the entertainment industry; potential adverse reactions or changes to business or employee relationships; and the other risks and uncertainties discussed under Part I, Item 1A. “Risk Factors” found in our Annual Report on Form 10-K filed with the SEC on May 27, 2020, which risk factors are incorporated herein by reference, as updated by the risk factors found under Part II, Item 1A. "Risk Factors" herein. In addition, even if our results of operations, financial condition and liquidity, and the development of the industry in which we operate are consistent with the forward-looking statements contained in this report, those results or developments may not be indicative of results or developments in subsequent periods.
Any forward-looking statements, which we make in this report, speak only as of the date of such statement, and we undertake no obligation to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.
This Quarterly Report on Form 10-Q  may contain references to our trademarks and to trademarks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this Quarterly Report on Form 10-Q, including logos, artwork and other visual displays, may appear without the ® or TM symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensor to these trademarks and trade names. We do not intend our use or display of other companies’ trade names or trademarks to imply a relationship with, or endorsement or sponsorship of us by, any other company.
Unless otherwise indicated or the context requires, all references to the “Company,” “Lionsgate,” “we,” “us,” and “our” refer to Lions Gate Entertainment Corp., a corporation organized under the laws of the province of British Columbia, Canada, and its direct and indirect subsidiaries.

3

Table of Contents
PART I — FINANCIAL INFORMATION

Item 1. Financial Statements.

LIONS GATE ENTERTAINMENT CORP.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
September 30,
2020
March 31,
2020
(Amounts in millions)
ASSETS
Cash and cash equivalents$463.7 $318.2 
Accounts receivable, net376.7 522.0 
Program rights 310.5 
Other current assets163.8 157.4 
Total current assets1,004.2 1,308.1 
Investment in films and television programs and program rights, net1,763.2 1,517.3 
Property and equipment, net94.8 140.9 
Investments32.1 40.3 
Intangible assets1,645.3 1,719.6 
Goodwill2,833.5 2,833.5 
Other assets373.4 391.5 
Total assets$7,746.5 $7,951.2 
LIABILITIES
Accounts payable and accrued liabilities$451.1 $526.9 
Participations and residuals453.0 441.9 
Film obligations and production loans309.6 353.7 
Debt - short term portion77.3 68.6 
Deferred revenue123.2 116.6 
Total current liabilities1,414.2 1,507.7 
Debt2,580.6 2,664.4 
Participations and residuals325.6 421.6 
Film obligations and production loans95.6 96.9 
Other liabilities343.8 334.9 
Deferred revenue53.5 61.3 
Deferred tax liabilities36.6 36.6 
Redeemable noncontrolling interests182.3 167.8 
Commitments and contingencies (Note 15)
EQUITY
Class A voting common shares, no par value, 500.0 shares authorized, 82.9 shares issued (March 31, 2020 - 83.0 shares issued)660.8 659.2 
Class B non-voting common shares, no par value, 500.0 shares authorized, 137.6 shares issued (March 31, 2020 - 136.4 shares issued)2,254.4 2,221.7 
Retained earnings (accumulated deficit)2.4 (16.9)
Accumulated other comprehensive loss(205.5)(206.0)
Total Lions Gate Entertainment Corp. shareholders' equity2,712.1 2,658.0 
Noncontrolling interests2.2 2.0 
Total equity2,714.3 2,660.0 
Total liabilities and equity$7,746.5 $7,951.2 
See accompanying notes.
4

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 
Three Months EndedSix Months Ended
September 30,September 30,
2020201920202019
 (Amounts in millions, except per share amounts)
Revenues$745.0 $983.5 $1,558.7 $1,947.1 
Expenses
Direct operating366.8 499.4 789.8 1,067.4 
Distribution and marketing166.7 262.1 308.5 512.6 
General and administration118.8 105.9 227.8 208.5 
Depreciation and amortization49.6 50.9 97.1 91.2 
Restructuring and other13.4 7.6 16.4 13.1 
Total expenses715.3 925.9 1,439.6 1,892.8 
Operating income29.7 57.6 119.1 54.3 
Interest expense(45.7)(48.0)(90.2)(97.0)
Interest and other income0.1 2.2 1.8 5.0 
Other expense(0.7)(3.8)(2.3)(6.1)
Gain (loss) on investments(4.7)(0.4)0.4 (0.3)
Equity interests loss(1.9)(3.2)(4.5)(11.1)
Income (loss) before income taxes(23.2)4.4 24.3 (55.2)
Income tax benefit (provision)1.5 (5.6)0.2 (4.5)
Net income (loss)(21.7)(1.2)24.5 (59.7)
Less: Net loss attributable to noncontrolling interests3.3 3.0 8.2 7.5 
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders$(18.4)$1.8 $32.7 $(52.2)
Per share information attributable to Lions Gate Entertainment Corp. shareholders:
Basic net income (loss) per common share$(0.08)$0.01 $0.15 $(0.24)
Diluted net income (loss) per common share$(0.08)$0.01 $0.15 $(0.24)
Weighted average number of common shares outstanding:
Basic220.4 217.5 220.0 216.8 
Diluted220.4 219.8 220.6 216.8 
See accompanying notes.
5

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Three Months EndedSix Months Ended
September 30,September 30,
2020201920202019
(Amounts in millions)
Net income (loss)$(21.7)$(1.2)$24.5 $(59.7)
Foreign currency translation adjustments, net of tax0.5 0.5 0.8 1.4 
Net unrealized gain (loss) on cash flow hedges, net of tax6.7 (20.8)(0.3)(66.7)
Comprehensive income (loss)(14.5)(21.5)25.0 (125.0)
Less: Comprehensive loss attributable to noncontrolling interests3.3 3.0 8.2 7.5 
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders$(11.2)$(18.5)$33.2 $(117.5)
See accompanying notes.

6

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

Three Months Ended
Class A VotingClass B Non-VotingRetained Earnings (Accumulated Deficit)Accumulated Other Comprehensive LossLions Gate Entertainment Corp. Shareholders' EquityNoncontrolling Interests (a) Total Equity
 Common SharesCommon Shares
 NumberAmountNumberAmount
(Amounts in millions)
Balance at June 30, 202082.9 $659.3 136.9 $2,232.4 $28.3 $(212.6)$2,707.4 $2.1 $2,709.5 
Share-based compensation, net 1.5 0.7 22.0 — — 23.5 — 23.5 
Net income (loss)— — — — (18.4)— (18.4)0.1 (18.3)
Other comprehensive income— — — —  7.1 7.1 — 7.1 
Redeemable noncontrolling interests adjustments to redemption value— — — — (7.5)— (7.5)— (7.5)
Balance at September 30, 202082.9 $660.8 137.6 $2,254.4 $2.4 $(205.5)$2,712.1 $2.2 $2,714.3 
Balance at June 30, 201982.6 $651.2 135.0 $2,176.9 $149.2 $(125.3)$2,852.0 $3.0 $2,855.0 
Share-based compensation, net0.1 1.0 0.2 12.0 — — 13.0 — 13.0 
Issuance of common shares 0.1  0.1 — — 0.2 — 0.2 
Noncontrolling interests— — — — — — — 0.1 0.1 
Net income— — — — 1.8 — 1.8 (0.2)1.6 
Other comprehensive loss— — — —  (20.3)(20.3)— (20.3)
Redeemable noncontrolling interests adjustments to redemption value— — — — (7.3)— (7.3)— (7.3)
Balance at September 30, 201982.7 $652.3 135.2 $2,189.0 $143.7 $(145.6)$2,839.4 $2.9 $2,842.3 
_____________________
(a)Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 8).
7

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

Six Months Ended
Class A VotingClass B Non-VotingRetained Earnings (Accumulated Deficit)Accumulated Other Comprehensive LossLions Gate Entertainment Corp. Shareholders' EquityNoncontrolling Interests (a) Total Equity
 Common SharesCommon Shares
 NumberAmountNumberAmount
(Amounts in millions)
Balance at March 31, 202083.0 $659.2 136.4 $2,221.7 $(16.9)$(206.0)$2,658.0 $2.0 $2,660.0 
Share-based compensation, net0.1 2.5 1.2 32.6 — — 35.1 — 35.1 
Issuance of common shares 0.1  0.1 — — 0.2 — 0.2 
Repurchase of common shares(0.2)(1.0)  — — (1.0)— (1.0)
Noncontrolling interests— — — — — — — 0.1 0.1 
Net income— — — — 32.7 — 32.7 0.1 32.8 
Other comprehensive income— — — —  0.5 0.5 — 0.5 
Redeemable noncontrolling interests adjustments to redemption value— — — — (13.4)— (13.4)— (13.4)
Balance at September 30, 202082.9 $660.8 137.6 $2,254.4 $2.4 $(205.5)$2,712.1 $2.2 $2,714.3 
Balance at March 31, 201982.5 $649.7 133.5 $2,140.6 $208.7 $(80.3)$2,918.7 $3.2 $2,921.9 
Exercise of stock options  0.1 0.5 — — 0.5 — 0.5 
Share-based compensation, net0.2 2.5 0.3 19.7 — — 22.2 — 22.2 
Issuance of common shares 0.1 1.3 28.2 — — 28.3 — 28.3 
Noncontrolling interests— — — — — (0.2)(0.2)
Net loss— — — — (52.2)— (52.2)(0.1)(52.3)
Other comprehensive loss— — — —  (65.3)(65.3)— (65.3)
Redeemable noncontrolling interests adjustments to redemption value— — — — (12.8)— (12.8)— (12.8)
Balance at September 30, 201982.7 $652.3 135.2 $2,189.0 $143.7 $(145.6)$2,839.4 $2.9 $2,842.3 
_____________________
(a)Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 8).

See accompanying notes.
8

Table of Contents

LIONS GATE ENTERTAINMENT CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Six Months Ended
September 30,
20202019
 (Amounts in millions)
Operating Activities:
Net income (loss)$24.5 $(59.7)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization97.1 91.2 
Amortization of films and television programs and program rights531.4 855.2 
Amortization of debt financing costs and other non-cash interest18.5 7.5 
Non-cash share-based compensation40.1 24.1 
Other amortization32.2 21.8 
Equity interests loss4.5 11.1 
Loss (gain) on investments(0.4)0.3 
Deferred income taxes 0.6 
Changes in operating assets and liabilities:
Accounts receivable, net and other assets150.6 123.7 
Investment in films and television programs and program rights, net(467.1)(765.1)
Accounts payable and accrued liabilities(94.9)(22.4)
Participations and residuals(85.1)(45.8)
Film obligations(46.7)0.6 
Deferred revenue(1.2)(24.6)
Net Cash Flows Provided By Operating Activities203.5 218.5 
Investing Activities:
Proceeds from the sale of other investments5.1  
Investment in equity method investees and other(0.2)(4.9)
Capital expenditures(17.1)(16.9)
Net Cash Flows Used In Investing Activities(12.2)(21.8)
Financing Activities:
Debt - borrowings75.0 302.0 
Debt - repayments(109.1)(328.5)
Production loans - borrowings47.8 51.8 
Production loans - repayments(44.1)(168.2)
Interest rate swap settlement payments(8.5) 
Repurchase of common shares(2.2) 
Distributions to noncontrolling interest(2.0)(3.6)
Exercise of stock options 0.5 
Tax withholding required on equity awards(5.4)(1.8)
Net Cash Flows Used In Financing Activities(48.5)(147.8)
Net Change In Cash and Cash Equivalents142.8 48.9 
Foreign Exchange Effects on Cash and Cash Equivalents2.7 (0.6)
Cash and Cash Equivalents - Beginning Of Period318.2 184.3 
Cash and Cash Equivalents - End Of Period$463.7 $232.6 

See accompanying notes.
9

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1. General
Nature of Operations
Combining the STARZ premium global subscription platform with world-class motion picture and television studio operations, Lions Gate Entertainment Corp. (the “Company,” “Lionsgate,” "Lions Gate," “we,” “us” or “our”) brings a unique and varied portfolio of entertainment to consumers around the world. Its film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and the largest collection of film and television franchises in the independent media space. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for the audiences it serves worldwide.
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements include the accounts of Lionsgate and all of its majority-owned and controlled subsidiaries.
The unaudited condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to quarterly report on Form 10-Q under the Securities Exchange Act of 1934, as amended, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been reflected in these unaudited condensed consolidated financial statements. Operating results for the three and six months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2021. The balance sheet at March 31, 2020 has been derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read together with the consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020.
Certain amounts presented in prior periods have been reclassified to conform to the current period presentation.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, including the potential impacts arising from the COVID-19 global pandemic, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to ultimate revenue and costs used for the amortization of investment in films and television programs; estimates of sales returns and other allowances and provisions for doubtful accounts; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; fair value of assets and liabilities for allocation of the purchase price of companies acquired; income taxes including the assessment of valuation allowances for deferred tax assets; accruals for contingent liabilities; and impairment assessments for investment in films and television programs, property and equipment, equity investments, goodwill and intangible assets. Actual results could differ from such estimates.
Recent Accounting Pronouncements
Accounting Guidance Adopted in Fiscal 2021
Fair Value Measurement - Changes to Disclosure Requirements: In August 2018, the Financial Accounting Standards Board ("FASB") issued guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. This guidance eliminates the requirement that entities disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but requires public companies to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements, among other changes. The Company adopted this guidance on April 1, 2020, with no material impact to its consolidated financial statements.

Improvements to Accounting for Costs of Films and License Agreements for Program Materials: On April 1, 2020, the Company adopted, on a prospective basis, FASB guidance on the accounting for costs of films and episodic television series
10

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)


which aligns the accounting for capitalizing production costs of episodic television series with guidance for films. The following reflects some of the more significant changes under the new guidance:

Classification in balance sheet: Allows for the classification of licensed program rights as long-term assets. Previously, the Company reported a portion of these rights in current assets. After adoption, the Company now classifies licensed program rights as long-term assets. Accordingly, as of April 1, 2020, the Company has classified $310.5 million of these rights as non-current assets in the balance sheet.

Removes capitalization constraint for episodic television: The capitalization of production costs for episodic television series is no longer constrained until persuasive evidence of secondary market revenues exists. Previously, theatrical content production costs could be fully capitalized while episodic television production costs were generally limited to the amount of contracted revenues.

Monetization strategy: Requires the determination of a titles' monetization strategy for purposes of amortization and testing impairment as follows:
Monetized individually - lifetime value is predominantly derived from third-party revenues that are directly attributable to the specific film or television title (e.g., theatrical revenues or sales to third-party television programmers).
Monetized as a film group - lifetime value is predominantly derived from third-party revenues that are attributable only to a bundle of titles, which is referred to as a "film group" in the updated guidance. A film group is defined as the lowest level at which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements.

The determination of the monetization strategy is made at commencement of production on a consolidated basis. Because the new accounting guidance is applied prospectively, the predominant monetization strategy for content released prior to the beginning of fiscal 2021 is determined based on the expected means of monetization over the remaining life of the content. The classification of content as individually monetized or monetized as part of a film group only changes if there is a significant change to the title's monetization strategy relative to its initial assessment.

For these accounting purposes, the Company generally classifies content that is initially intended for use on the Company's Media Networks services (including its linear television networks, OTT services and direct-to-consumer services) as content monetized as a film group. Content initially intended for theatrical release, home entertainment distribution, or for license to third parties, is generally classified as content monetized individually.

Impairment testing: The new guidance requires that an entity test a film or television program for impairment, when impairment indicators are present, at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements or individually for titles monetized individually. An impairment results when the fair value of the film or film group is less than its carrying value. Under previous guidance, film and television programs accounted for under the broadcasting accounting standard (i.e., licensed product in the Company's Media Networks segment) were carried on the balance sheet at the lower of cost or net realizable value rather than fair value.

See Note 2 for further information.

Financial Instruments - Credit Losses: In June 2016, the FASB issued guidance, as amended, that changes the impairment model for most financial assets and certain other instruments, including trade and other receivables, held-to-maturity debt securities and loans, from the incurred loss methodology under current U.S. GAAP to a new, forward-looking current expected credit loss model that would generally result in the earlier recognition of credit losses. The Company adopted this guidance on April 1, 2020 using a modified retrospective approach, with no material impact to its consolidated financial statements.
Accounting Guidance Not Yet Adopted

Simplifying the Accounting for Income Taxes: In December 2019, the FASB issued guidance that simplifies the accounting for income taxes. The guidance amends the rules for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods. It also reduces complexity in certain areas, including the accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. The guidance is effective for the Company's fiscal year beginning April 1, 2021, with early adoption
11

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)


permitted. The Company does not expect that the adoption of this guidance will have a material effect on its consolidated financial statements.

2. Investment in Films and Television Programs and Licensed Program Rights
Investment in Films and Television Programs
General. Investment in films and television programs includes the unamortized costs of films and television programs, a portion of which are monetized individually (i.e., through domestic theatrical, home entertainment, television, international or other ancillary-market distribution), and a portion of which are monetized as part of a film group (i.e., primarily content internally produced by our Television Production segment for our Media Networks segment).
Recording Cost. Costs of acquiring and producing films and television programs and of acquired libraries are capitalized when incurred. For films and television programs produced by the Company, capitalized costs include all direct production and financing costs, capitalized interest and production overhead. For acquired films and television programs, capitalized costs consist of minimum guarantee payments to acquire the distribution rights.
Amortization. Costs of acquiring and producing films and television programs and of acquired libraries that are monetized individually are amortized using the individual-film-forecast method, whereby these costs are amortized and participations and residuals costs are accrued in the proportion that current year’s revenue bears to management’s estimate of ultimate revenue at the beginning of the current year expected to be recognized from the exploitation, exhibition or sale of the films or television programs.
For investment in films and television programs monetized as a group, see further discussion below under Licensed Program Rights, Amortization for a description of amortization of costs monetized as a group.
Ultimate Revenue. Ultimate revenue includes estimates over a period not to exceed 10 years following the date of initial release of the motion picture. For an episodic television series, the period over which ultimate revenues are estimated cannot exceed 10 years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For titles included in acquired libraries, ultimate revenue includes estimates over a period not to exceed twenty years following the date of acquisition.
Development. Films and television programs in development include costs of acquiring film rights to books, stage plays or original screenplays and costs to adapt such projects. Such costs are capitalized and, upon commencement of production, are transferred to production costs. Projects in development are written off at the earlier of the date they are determined not to be recoverable or when abandoned, or three years from the date of the initial investment unless the fair value of the project exceeds its carrying cost.
Licensed Program Rights
General. Licensed program rights include content licensed from third parties that is monetized as part of a film group for distribution on Media Networks distribution platforms. Licensed content is comprised of films or series that have been previously produced by third parties and the Company retains specified airing rights over a contractual term. Program licenses typically have fixed terms and require payments during the term of the license.
Recording Cost. The cost of licensed content is capitalized when the cost is known or reasonably determinable, the license period for programs has commenced, the program materials have been accepted by the Company in accordance with the license agreements, and the programs are available for the first showing. Licensed programming rights may include rights to more than one exploitation window under the Company's output and library agreements. For films with multiple windows, the license fee is allocated between the windows based upon the proportionate estimated fair value of each window which generally results in the majority of the cost allocated to the first window on newer releases. Certain license agreements may include additional ancillary rights in addition to the pay television rights. The cost of the Media Networks’ third-party licensed content is allocated between the pay television market distributed by the Media Networks’ segment and the ancillary revenue markets (e.g., home video, digital platforms, international television, etc.) based on the estimated relative fair values of these markets. Our estimates of fair value for the pay television and ancillary markets and windows of exploitation involve uncertainty and management judgment.
Amortization. The cost of program rights for films and television programs (including original series) exhibited by the Media Networks segment are generally amortized on an accelerated or straight-line basis based on the anticipated number of exhibitions or expected and historical viewership patterns or the license period on a title-by-title or episode-by-episode basis. The number of exhibitions is estimated based on the number of exhibitions allowed in the agreement (if specified) and the expected usage of the content. Participations and residuals are expensed in line with the amortization of production costs.
12

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)


Changes in management’s estimate of the anticipated exhibitions and viewership patterns of films and original series on our networks could result in the earlier recognition of our programming costs than anticipated. Conversely, scheduled exhibitions and expected viewership patterns may not capture the appropriate usage of the program rights in current periods which would lead to the write-off of additional program rights in future periods and may have a significant impact on our future results of operations and our financial position.
Impairment Assessment for Investment in Films and Television Programs and Licensed Program Rights
General. A film group or individual film or television program is evaluated for impairment when an event or change in circumstances indicates that the fair value of an individual film or film group is less than its unamortized cost. A film group represents the unit of account for impairment testing for a film or license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group is defined as the lowest level at which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements.
Content Monetized Individually. For content that is predominantly monetized individually (primarily investment in film and television programs related to the Motion Picture and Television Production segments), the unamortized costs of the individual film are compared to the estimated fair value of the individual film. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess.
Content Monetized as a Group. For content that is predominantly monetized as a group (primarily licensed program rights in the Media Networks segment and internally produced programming, as discussed above), the aggregate unamortized costs of the group are compared to the present value of the discounted cash flows of the group using the lowest level for which identifiable cash flows are independent of other produced and licensed content. The Company's film groups are generally aligned along the Company's networks and digital content offerings domestically (i.e., Starz Networks and Other Streaming Services) and by territory or groups of territories internationally, wherein content assets are shared across the various territories and therefore, the territory or group of territories is the film group. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles based on the relative carrying value of each title in the group.
Valuation Assumptions. The discounted cash flow analysis includes cash flows estimates of ultimate revenue and costs as well as a discount rate (a Level 3 fair value measurement, see Note 7). The discount rate utilized in the discounted cash flow analysis is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular film or television program or film group. The fair value of any film costs associated with a film or television program that management plans to abandon is zero. Estimates of future revenue involve measurement uncertainty and it is therefore possible that reductions in the carrying value of investment in films and television programs may be required as a consequence of changes in management’s future revenue estimates.
Impairments. Investment in films and television programs and licensed program rights includes write-downs to fair value, which are included in direct operating expense on the unaudited condensed consolidated statements of operations, and represented the following amounts by segment for the three and six months ended September 30, 2020 and 2019:
Three Months EndedSix Months Ended
September 30,September 30,
2020201920202019
 (Amounts in millions)
Impairments by segment:
Motion Picture$0.3 $0.1 $0.9 $1.6 
Television Production2.8 0.1 2.8 0.7 
Impairments not included in segment operating results(1)
15.4  15.4  
$18.5 $0.2 $19.1 $2.3 
________________________
(1)Impairments not included in segment operating results in the three and six months ended September 30, 2020 represent a charge due to changes in performance expectations resulting from circumstances associated with the COVID-19 global pandemic.
13

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)


Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows:
September 30,
2020
 (Amounts in millions)
Investment in Films and Television Programs:
Individual Monetization
Released, net of accumulated amortization$395.9 
Completed and not released133.4 
In progress133.3 
In development91.0 
753.6 
Film Group Monetization
Released, net of accumulated amortization$284.6 
Completed and not released 
In progress191.4 
In development40.2 
516.2 
Licensed program rights, net of accumulated amortization$493.4 
Investment in films and television programs and program rights, net$1,763.2 

Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the three and six months ended September 30, 2020, and was included in direct operating expense in the unaudited condensed consolidated statement of operations:
Three Months EndedSix Months Ended
September 30,September 30,
20202020
 (Amounts in millions)
Amortization expense:
Individual monetization$106.3 $228.8 
Film group monetization66.4 114.6 
Licensed program rights77.5 188.0 
$250.2 $531.4 

Amortization of investment in film and television programs and licensed program rights for the three and six months ended September 30, 2019 was $418.6 million and $855.2 million, respectively.

14

Table of Contents
LIONS GATE ENTERTAINMENT CORP.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued)


The table below summarizes estimated future amortization expense for the Company's investment in film and television programs and licensed program rights as of September 30, 2020:
Twelve Months Ended
June 30,
202120222023
 (Amounts in millions)
Estimated future amortization expense:
Released investment in films and television programs:
Individual monetization$144.3 $80.3 $70.7 
Film group monetization$106.8 $53.0 $18.1 
Licensed program rights$276.9 $92.7 $54.2 
Completed and not released investment in films and television programs:
Individual monetization$103.3 n/an/a
Film group monetization$