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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Jun. 30, 2018
Current assets    
Cash and cash equivalents $ 45.0 $ 437.6
Accounts receivable (net of allowances of $20.5 in 2019 and $14.4 in 2018) 609.1 545.2
Inventories 62.7 44.4
Current portion of subscription acquisition costs 242.0 145.0
Current portion of broadcast rights 7.1 9.8
Assets held-for-sale 321.0 719.8
Other current assets 63.2 114.9
Total current assets 1,350.1 2,016.7
Property, plant, and equipment    
Land 24.7 24.6
Buildings and improvements 157.2 153.5
Machinery and equipment 296.5 359.8
Leasehold improvements 177.5 177.4
Capitalized software 204.7 125.9
Construction in progress 37.3 20.2
Total property, plant, and equipment 897.9 861.4
Less accumulated depreciation (447.6) (377.7)
Net property, plant, and equipment 450.3 483.7
Subscription acquisition costs 273.9 66.3
Broadcast rights 6.0 18.9
Other assets 263.6 263.3
Intangible assets, net 1,813.6 2,006.2
Goodwill 1,979.4 1,915.8
Total assets 6,136.9 6,770.9
Current liabilities    
Current portion of long-term debt 0.0 17.7
Current portion of long-term broadcast rights payable 6.6 8.9
Accounts payable 242.6 195.1
Accrued expenses    
Compensation and benefits 151.9 122.3
Distribution expenses 5.4 10.0
Other taxes and expenses 143.3 278.3
Total accrued expenses 300.6 410.6
Current portion of unearned revenues 458.9 393.5
Liabilities associated with assets held-for-sale 252.1 200.0
Total current liabilities 1,260.8 1,225.8
Long-term debt 2,333.3 3,117.9
Long-term broadcast rights payable 8.4 20.8
Unearned revenues 318.6 132.3
Deferred income taxes 506.2 437.0
Other noncurrent liabilities 194.8 217.0
Total liabilities 4,622.1 5,150.8
Redeemable, convertible Series A preferred stock, par value $1 per share, $1,000 per share liquidation preference, authorized 2.5 shares, issued 0.7 shares 540.2 522.6
Shareholders’ equity    
Series preferred stock, par value $1 per share, Authorized 2,500 shares; none issued 0.0 0.0
Additional paid-in capital 216.7 199.5
Retained earnings 759.0 889.8
Accumulated other comprehensive loss (46.3) (36.7)
Total shareholders’ equity 974.6 1,097.5
Total liabilities, redeemable convertible preferred stock, and shareholders’ equity 6,136.9 6,770.9
Common stock par value $1 per share    
Shareholders’ equity    
Common stock, par value $1 per share 40.1 39.8
Class B stock $1 par value    
Shareholders’ equity    
Common stock, par value $1 per share $ 5.1 $ 5.1