Lionsgate Entertainment Corp. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Lionsgate Entertainment Corp. filed its Q3 2024 10-Q report on February 8, 2024, detailing financial performance for the period ending December 31, 2023.</b>

AI Summary

LIONS GATE ENTERTAINMENT CORP /CN/ (STRZ) filed a Quarterly Report (10-Q) with the SEC on February 8, 2024. Lionsgate Entertainment Corp. filed its 10-Q report for the period ending December 31, 2023. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on March 31st. The report was filed on February 8, 2024. Key financial data and operational details for the quarter are included.

Why It Matters

For investors and stakeholders tracking LIONS GATE ENTERTAINMENT CORP /CN/, this filing contains several important signals. This filing provides investors with the latest financial performance data for Lionsgate, crucial for understanding the company's current health and future prospects. As a quarterly report, it offers timely insights into revenue, expenses, and other key metrics, allowing for comparison with previous periods and industry benchmarks.

Risk Assessment

Risk Level: low — LIONS GATE ENTERTAINMENT CORP /CN/ shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant unexpected disclosures.

Analyst Insight

Monitor future filings for updates on revenue growth, profitability, and any strategic shifts mentioned in the report.

Key Numbers

• 20231231 — Period End Date (Conformed Period of Report)
• 20240208 — Filing Date (Filed as of Date)
• 0331 — Fiscal Year End (Fiscal Year End)
• 7812 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• LIONS GATE ENTERTAINMENT CORP /CN/ (company) — Filer
• 20231231 (date) — Period of Report
• 20240208 (date) — Filed as of date
• SANTA MONICA (location) — Business Address City
• CA (location) — Business Address State
• VANCOUVER (location) — Mail Address City
• A1 (location) — Mail Address State
• 0000929351 (company) — Central Index Key

Forward-Looking Statements

• The total number of outstanding shares (Class A + Class B) will remain relatively stable in the immediate next quarter, barring any major corporate actions. (LIONS GATE ENTERTAINMENT CORP /CN/) — medium confidence, target: 2024-03-31

FAQ

Industry Context

Lionsgate Entertainment operates within the motion picture and video tape production industry, a sector characterized by content creation, distribution, and media convergence.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file quarterly (10-Q) and annual (10-K) reports detailing financial performance and business operations.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze segment performance within the report to understand revenue drivers.
3. Compare Q3 2024 results with prior periods and analyst expectations.

Year-Over-Year Comparison

This is the initial filing analyzed for the period ending December 31, 2023. No prior filing data is available for comparison within this analysis.

Filing Documents

• lgfa-20231231.htm (10-Q) — 3240KB
• exhibit10221formofrestrict.htm (EX-10.22(1)) — 40KB
• exhibit10222formofnonqualf.htm (EX-10.22(2)) — 57KB
• exhibit10223formofshareapp.htm (EX-10.22(3)) — 61KB
• ex311q3f202410-q.htm (EX-31.1) — 10KB
• ex312q3f202410-q.htm (EX-31.2) — 10KB
• ex321q3f202410-q.htm (EX-32.1) — 9KB
• image_0.jpg (GRAPHIC) — 73KB
• image_0a.jpg (GRAPHIC) — 6KB
• image_0b.jpg (GRAPHIC) — 6KB
• 0000929351-24-000006.txt (&nbsp;) — 14585KB
• lgfa-20231231.xsd (EX-101.SCH) — 95KB
• lgfa-20231231_cal.xml (EX-101.CAL) — 115KB
• lgfa-20231231_def.xml (EX-101.DEF) — 584KB
• lgfa-20231231_lab.xml (EX-101.LAB) — 984KB
• lgfa-20231231_pre.xml (EX-101.PRE) — 758KB
• lgfa-20231231_htm.xml (XML) — 2544KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 1. Financial Statements 4 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 48 3. Quantitative and Qualitative Disclosures About Market Risk 93 4. Controls and Procedures 95

— OTHER INFORMATION

PART II — OTHER INFORMATION 1. Legal Proceedings 96 1A. Risk Factors 96 2. Unregistered Sales of Equity Securities and Use of Proceeds 98 3. Defaults Upon Senior Securities 98 4. Mine Safety Disclosures 98 5. Other Information 98 6. Exhibits 99 2 Table of Contents

FORWARD-LOOKING STATEMENTS

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, including statements regarding our restructuring plan and expected charges and timing. 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 25, 2023, as amended on July 20, 2023 (the "Form 10-K"), which risk factors are incorporated herein by reference, as updated by any update to 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 Form 10-K, and this report. We caution you that forward-looking statements made in this report or anywhere

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. LIONS GATE ENTERTAINMENT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS December 31, 2023 March 31, 2023 (Amounts in millions) ASSETS Cash and cash equivalents $ 283.0 $ 272.1 Accounts receivable, net 810.2 582.1 Other current assets 432.4 264.2 Total current assets 1,525.6 1,118.4 Investment in films and television programs and program rights, net 2,772.7 2,947.9 Property and equipment, net 95.1 89.5 Investments 71.5 64.7 Intangible assets, net 1,028.5 1,300.1 Goodwill 801.4 1,289.5 Other assets 859.9 616.1 Total assets $ 7,154.7 $ 7,426.2 LIABILITIES Accounts payable $ 306.7 $ 368.1 Content related payables 282.2 184.1 Other accrued liabilities 324.8 273.4 Participations and residuals 622.7 549.3 Film related obligations 1,318.6 1,007.2 Debt - short term portion 50.3 41.4 Deferred revenue 266.5 147.2 Total current liabilities 3,171.8 2,570.7 Debt 2,238.2 1,978.2 Participations and residuals 472.0 329.6 Film related obligations 554.4 1,016.4 Other liabilities 532.9 317.9 Deferred revenue 81.5 52.0 Deferred tax liabilities 18.5 31.8 Total liabilities 7,069.3 6,296.6 Commitments and contingencies (Note 16) Redeemable noncontrolling interests 409.1 343.6 EQUITY (DEFICIT) Class A voting common shares, no par value, 500.0 shares authorized, 83.6 shares issued (March 31, 2023 - 83.5 shares issued) 673.4 672.3 Class B non-voting common shares, no par value, 500.0 shares authorized, 151.5 shares issued (March 31, 2023 - 145.9 shares issued) 2,459.3 2,430.9 Accumulated deficit ( 3,574.6 ) ( 2,439.6 ) Accumulated other comprehensive income 116.4 120.9 Total Lions Gate Entertainment Corp. shareholders' equity (deficit) ( 325.5 ) 784.5 Noncontrolling interests 1.8 1.5 Total equity (deficit) ( 323.7 ) 786.0 Total liabilities, redeemable noncontrolling interests and equity (deficit) $ 7,154.7 $ 7,426.2 See accompanying notes. 4 Table of Contents LIONS GATE ENTERTAINMENT CORP. UNAUDITE

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View this 10-Q filing on SEC EDGAR