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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Revenues                      
Total revenues $ 785.6 $ 750.1 $ 878.4 $ 774.4 $ 798.7 $ 655.0 $ 417.7 $ 392.8 $ 3,188.5 $ 2,264.2 $ 1,713.3
Operating expenses                      
Production, distribution, and editorial                 1,161.2 868.0 608.4
Selling, general, and administrative     346.0 350.3         1,350.0 987.5 726.4
Acquisition, disposition, and restructuring related activities                 100.9 170.1 10.3
Depreciation and amortization                 247.6 129.0 53.8
Impairment of long-lived assets                 41.8 22.7 6.2
Total operating expenses                 2,901.5 2,177.3 1,405.1
Income (loss) from operations 23.5 75.6 133.7 54.2 66.5 (72.5) 36.7 56.2 287.0 86.9 308.2
Non-operating income, net                 24.2 0.7 0.9
Interest expense, net                 (170.6) (97.2) (18.8)
Earnings (loss) from continuing operations before income taxes                 140.6 (9.6) 290.3
Income tax benefit (expense)                 (11.5) 123.6 (101.4)
Earnings (loss) from continuing operations (3.6) 28.4 88.1 16.2 16.6 (95.4) 159.4 33.4 129.1 114.0 188.9
Loss from discontinued operations, net of income taxes (9.4) (4.7) (69.5) 0.8 0.3 (14.9) 0.0 0.0 (82.8) (14.6) 0.0
Net earnings (loss) $ (13.0) $ 23.7 $ 18.6 $ 17.0 $ 16.9 $ (110.3) $ 159.4 $ 33.4 46.3 99.4 188.9
Earnings (loss) attributable to common shareholders                 $ (32.0) $ 66.4 $ 188.9
Basic earnings (loss) per share attributable to common shareholders                      
Continuing operations (in dollars per share) $ (0.51) $ 0.20 $ 1.50 $ (0.07) $ (0.06) $ (2.41) $ 3.55 $ 0.75 $ 1.12 $ 1.80 $ 4.23
Discontinued operations (in dollars per share)                 (1.83) (0.32) 0
Basic earnings (loss) per common share (in dollars per share) (0.72) 0.10 (0.03) (0.06) (0.06) (2.74) 3.55 0.75 $ (0.71) $ 1.48 $ 4.23
Basic average common shares outstanding (in shares)                 45.3 44.9 44.6
Diluted earnings (loss) per share attributable to common shareholders                      
Continuing operations (in dollars per share) (0.51) 0.20 1.46 (0.07) (0.06) (2.41) 3.49 0.73 $ 1.12 $ 1.79 $ 4.16
Discontinued operations (in dollars per share)                 (1.82) (0.32) 0
Diluted earnings (loss) per common share (in dollars per share) $ (0.72) $ 0.10 $ (0.01) $ (0.06) $ (0.06) $ (2.74) $ 3.49 $ 0.73 $ (0.70) $ 1.47 $ 4.16
Diluted average common shares outstanding (in shares)                 45.5 45.2 45.4
Advertising related                      
Revenues                      
Total revenues                 $ 1,686.6 $ 1,190.7 $ 934.1
Consumer related                      
Revenues                      
Total revenues     $ 358.3 $ 316.1         1,393.6 921.3 613.5
Other                      
Revenues                      
Total revenues                 $ 108.3 $ 152.2 $ 165.7