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Additional Financial Information (Tables)
 6 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amounts reported in the unaudited condensed consolidated statements of cash flows at September 30, 2024 and March 31, 2024. At September 30, 2024 and March 31, 2024, restricted cash represents primarily amounts related to required cash reserves for interest payments associated with certain corporate debt and film related obligations.
September 30, 2024March 31, 2024
 (Amounts in millions)
Cash and cash equivalents$210.8 $277.0 
Restricted cash included in other current assets48.0 43.7 
Restricted cash included in other non-current assets11.6 13.7 
Total cash, cash equivalents and restricted cash$270.4 $334.4 
Schedule of Transfer of Financial Assets Accounted for as Sales The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the three and six months ended September 30, 2024 and 2023:
Three Months EndedSix Months Ended
September 30, September 30,
2024202320242023
 (Amounts in millions)
Carrying value of receivables transferred and derecognized$186.4 $196.2 $293.8 $300.5 
Net cash proceeds received181.7 187.3 285.8 288.9 
Loss recorded related to transfers of receivables4.7 8.9 8.0 11.6 
The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the three and six months ended September 30, 2023:
Three Months EndedSix Months Ended
September 30, September 30,
20232023
 (Amounts in millions)
Gross cash proceeds received for receivables transferred and derecognized$16.3 $22.2 
Less amounts from collections reinvested under revolving agreement(6.2)(9.1)
Proceeds from new transfers10.1 13.1 
Collections not reinvested and remitted or to be remitted(9.0)(13.4)
Net cash proceeds received (paid or to be paid)
$1.1 $(0.3)
Carrying value of receivables transferred and derecognized (1)
$16.3 $22.1 
Obligations recorded$1.0 $2.1 
Loss recorded related to transfers of receivables$1.0 $2.0 
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(1)Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Schedule of Composition of Other Assets
The composition of the Company’s other assets is as follows as of September 30, 2024 and March 31, 2024:
 
September 30, 2024March 31, 2024
 (Amounts in millions)
Other current assets
Prepaid expenses and other
$44.6 $34.8 
Restricted cash48.0 43.7 
Contract assets
56.6 59.9 
Interest rate swap assets12.2 35.6 
Tax credits receivable166.6 199.1 
$328.0 $373.1 
Other non-current assets
Prepaid expenses and other$13.8 $18.3 
Restricted cash11.6 13.7 
Accounts receivable
47.0 111.7 
Contract assets
5.2 3.2 
Tax credits receivable394.7 361.7 
Operating lease right-of-use assets307.0 344.3 
$779.3 $852.9 
Schedule of Changes in Accumulated Other Comprehensive Income
The following table summarizes the changes in the components of accumulated other comprehensive income, net of tax. During the six months ended September 30, 2024 and 2023, there was no income tax expense or benefit reflected in other comprehensive income due to the income tax impact being offset by changes in the Company’s deferred tax valuation allowance.
Foreign currency translation adjustmentsNet unrealized gain (loss) on cash flow hedgesTotal
(Amounts in millions)
March 31, 2024$(42.1)$138.8 $96.7 
Other comprehensive income (loss)11.7 (1.8)9.9 
Reclassifications to net loss(1)
— (18.0)(18.0)
September 30, 2024$(30.4)$119.0 $88.6 
March 31, 2023$(41.1)$142.6 $101.5 
Other comprehensive income (loss)(1.3)33.3 32.0 
Reclassifications to net loss(1)
— (16.4)(16.4)
September 30, 2023$(42.4)$159.5 $117.1 
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(1)Represents a loss of $1.2 million included in direct operating expense and a gain of $19.2 million included in interest expense on the unaudited condensed consolidated statement of operations in the six months ended September 30, 2024 (six months ended September 30, 2023 - gain of $0.1 million included in direct operating expense and gain of $16.3 million included in interest expense) (see Note 18).