2012 Q2 Form 10-Q Financial Statement

#000092935112000046 Filed on August 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $471.8M $261.3M
YoY Change 80.59% -20.0%
Cost Of Revenue $245.8M $139.4M
YoY Change 76.33% -11.55%
Gross Profit $226.0M $121.9M
YoY Change 85.4% -27.87%
Gross Profit Margin 47.9% 46.66%
Selling, General & Admin $231.1M $92.70M
YoY Change 149.3% -54.74%
% of Gross Profit 102.26% 76.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.105M $1.234M
YoY Change 70.58% -22.88%
% of Gross Profit 0.93% 1.01%
Operating Expenses $233.1M $93.90M
YoY Change 148.24% -54.51%
Operating Profit -$7.156M $28.00M
YoY Change -125.56% -174.86%
Interest Expense $27.49M $16.34M
YoY Change 68.29% -163.07%
% of Operating Profit 58.34%
Other Income/Expense, Net
YoY Change
Pretax Income -$42.00M $11.54M
YoY Change -464.11% -118.25%
Income Tax $2.200M $1.201M
% Of Pretax Income 10.41%
Net Earnings -$44.20M $10.33M
YoY Change -527.71% -115.8%
Net Earnings / Revenue -9.37% 3.96%
Basic Earnings Per Share -$0.33 $0.08
Diluted Earnings Per Share -$0.33 $0.08
COMMON SHARES
Basic Shares Outstanding 133.2M shares 137.0M shares
Diluted Shares Outstanding 133.2M shares 137.4M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.60M $111.0M
YoY Change -39.1% 41.22%
Cash & Equivalents $67.58M $29.53M
Short-Term Investments
Other Short-Term Assets $14.10M $10.30M
YoY Change 36.89% -15.57%
Inventory
Prepaid Expenses
Receivables $587.4M $252.3M
Other Receivables $25.40M $20.30M
Total Short-Term Assets $694.4M $393.9M
YoY Change 76.29% 4.93%
LONG-TERM ASSETS
Property, Plant & Equipment $9.390M $8.400M
YoY Change 11.79% -27.59%
Goodwill $326.4M
YoY Change
Intangibles
YoY Change
Long-Term Investments $171.1M $878.3M
YoY Change -80.52% -4.04%
Other Assets $47.50M $80.10M
YoY Change -40.7% 59.24%
Total Long-Term Assets $1.877B $1.206B
YoY Change 55.63% -0.94%
TOTAL ASSETS
Total Short-Term Assets $694.4M $393.9M
Total Long-Term Assets $1.877B $1.206B
Total Assets $2.571B $1.600B
YoY Change 60.71% 0.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $319.8M $155.1M
YoY Change 106.19% -37.05%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $594.9M $331.5M
YoY Change 79.46% -17.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.122B $525.2M
YoY Change 113.67% -15.28%
Other Long-Term Liabilities $806.5M $601.9M
YoY Change 33.99% 5.23%
Total Long-Term Liabilities $1.929B $1.127B
YoY Change 71.12% -5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $594.9M $331.5M
Total Long-Term Liabilities $1.929B $1.127B
Total Liabilities $2.524B $1.459B
YoY Change 73.01% -8.52%
SHAREHOLDERS EQUITY
Retained Earnings -$586.2M
YoY Change
Common Stock $716.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $77.09M
YoY Change
Treasury Stock Shares 11.04M shares 11.04M shares
Shareholders Equity $47.89M $141.4M
YoY Change
Total Liabilities & Shareholders Equity $2.571B $1.600B
YoY Change 60.71% 0.45%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$44.20M $10.33M
YoY Change -527.71% -115.8%
Depreciation, Depletion And Amortization $2.105M $1.234M
YoY Change 70.58% -22.88%
Cash From Operating Activities $151.0M -$44.46M
YoY Change -439.67% -29.32%
INVESTING ACTIVITIES
Capital Expenditures $386.0K $411.0K
YoY Change -6.08% -202.75%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.000M
YoY Change -100.0% -94.59%
Cash From Investing Activities -$386.0K -$2.386M
YoY Change -83.82% -93.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $185.5M $0.00
YoY Change
Cash From Financing Activities -$147.2M $71.30M
YoY Change -306.49% -35.42%
NET CHANGE
Cash From Operating Activities $151.0M -$44.46M
Cash From Investing Activities -$386.0K -$2.386M
Cash From Financing Activities -$147.2M $71.30M
Net Change In Cash $3.405M $24.45M
YoY Change -86.08% 142.11%
FREE CASH FLOW
Cash From Operating Activities $151.0M -$44.46M
Capital Expenditures $386.0K $411.0K
Free Cash Flow $150.6M -$44.87M
YoY Change -435.7% -28.21%

Facts In Submission

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ShareBasedCompensation
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.17
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CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q2 lgf Acquired Libraries Net Of Amortization
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CY2011Q2 lgf Amortization Of Films And Television Programs
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CY2011Q2 lgf Benefit Cost For Charges For Shareholder Activist Matter
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3900000 USD
CY2012Q2 lgf Contractual Cash Based Interest
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CY2012Q2 lgf Expected Percentage Of Completed Films And Television Programs Excluding Acquired Library Net Of Accumulated Amortization Amortized During Three Year Period
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0.81
CY2012Q2 lgf Expected Percentage Of Completed Films And Television Programs Net Of Accumulated Amortization Amortized During One Year Period
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0.42
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CY2012Q2 lgf Future Annual Repayment Of Obligation And Loans Due After Year Five
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CY2012Q2 lgf Future Annual Repayment Of Obligation And Loans Due In Five Years
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CY2012Q2 lgf Future Annual Repayment Of Obligation And Loans Due In Four Years
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CY2011Q2 lgf Gain On Extinguishment Of Debts
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FutureAnnualRepaymentOfObligationAndLoansDueInThreeYears
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CY2012Q2 lgf Future Annual Repayment Of Obligation And Loans Due In Two Years
FutureAnnualRepaymentOfObligationAndLoansDueInTwoYears
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CY2012Q2 lgf Future Annual Repayment Of Obligation And Loans Due Total
FutureAnnualRepaymentOfObligationAndLoansDueTotal
407393000 USD
CY2012Q2 lgf Gain On Extinguishment Of Debts
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CY2011Q2 lgf General And Administrative Expenses
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CY2012Q2 lgf General And Administrative Expenses
GeneralAndAdministrativeExpenses
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CY2012Q2 lgf Payments To Fund Loans Receivable
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0 USD
CY2012Q2 lgf Imputed Interest On Film Obligations
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4105000 USD
CY2011Q2 lgf Increase Decrease In Film Obligations
IncreaseDecreaseInFilmObligations
2260000 USD
CY2012Q2 lgf Increase Decrease In Film Obligations
IncreaseDecreaseInFilmObligations
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CY2011Q2 lgf Increase Decrease In Investment In Films And Television Programs
IncreaseDecreaseInInvestmentInFilmsAndTelevisionPrograms
201776000 USD
CY2012Q2 lgf Increase Decrease In Investment In Films And Television Programs
IncreaseDecreaseInInvestmentInFilmsAndTelevisionPrograms
161005000 USD
CY2011Q2 lgf Increase Decrease In Participations And Residuals
IncreaseDecreaseInParticipationsAndResiduals
-5162000 USD
CY2012Q2 lgf Increase Decrease In Participations And Residuals
IncreaseDecreaseInParticipationsAndResiduals
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CY2012Q1 lgf Investment In Films And Television Programs Net
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1329053000 USD
CY2012Q2 lgf Investment In Films And Television Programs Net
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CY2012Q2 lgf Loans Receivable
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CY2012Q1 lgf Loans Receivable
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CY2012Q1 lgf Other Unallocated Assets
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CY2012Q1 lgf Participation And Residuals
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CY2012Q2 lgf Participation And Residuals
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CY2011Q2 lgf Participations And Residual Expense
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CY2012Q2 lgf Participations And Residual Expense
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CY2012Q2 lgf Payment Of Production Obligation
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163944000 USD
CY2011Q2 lgf Payment Of Production Obligation
PaymentOfProductionObligation
78595000 USD
CY2012Q2 lgf Percentage Of Accrued Participations And Residuals Payable Within One Year
PercentageOfAccruedParticipationsAndResidualsPayableWithinOneYear
0.68
CY2011Q2 lgf Proceeds From Production Obligation
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48466000 USD
CY2012Q2 lgf Proceeds From Production Obligation
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33911000 USD
CY2011Q2 lgf Production Loan Borrowings Under Film Credit Facility Net Of Deferred Financing Costs
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7711000 USD
CY2012Q2 lgf Production Loan Borrowings Under Film Credit Facility Net Of Deferred Financing Costs
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3058000 USD
CY2011Q2 lgf Production Loan Repayments Under Film Credit Facility
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8536000 USD
CY2012Q2 lgf Production Loan Repayments Under Film Credit Facility
ProductionLoanRepaymentsUnderFilmCreditFacility
10575000 USD
CY2012Q2 lgf Repurchase Of Convertible Senior Subordinated Notes
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0 USD
CY2011Q2 lgf Repurchase Of Convertible Senior Subordinated Notes
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19476000 USD
CY2011Q2 lgf Reserve For Returns And Allowances On Accounts Receivable
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93860000 USD
CY2012Q2 lgf Reserve For Returns And Allowances On Accounts Receivable
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81382000 USD
CY2012Q1 lgf Segment Assets
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CY2012Q2 lgf Segment Assets
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2225769000 USD
CY2012Q2 lgf Segment Contribution Before General And Administration Expenses
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47293000 USD
CY2011Q2 lgf Segment Contribution Before General And Administration Expenses
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57155000 USD
CY2012Q2 lgf Segment General And Administration
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CY2011Q2 lgf Segment General And Administration
SegmentGeneralAndAdministration
14857000 USD
CY2012Q2 lgf Segment Profit Loss
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27745000 USD
CY2011Q2 lgf Segment Profit Loss
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42298000 USD
CY2011Q2 lgf Selling And Marketing Expenses
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64746000 USD
CY2012Q2 lgf Selling And Marketing Expenses
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178709000 USD
CY2012Q1 lgf Subordinated Notes And Other Financing Obligations
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CY2012Q2 lgf Subordinated Notes And Other Financing Obligations
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106365000 USD
CY2012Q2 lgf Total Other Expenses Income Net
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34699000 USD
CY2011Q2 lgf Total Other Expenses Income Net
TotalOtherExpensesIncomeNet
16424000 USD
CY2012Q2 lgf Treasury Stock No Par Value
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CY2012Q2 lgf Weighted Average Shares Outstanding Basic And Diluted
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CY2011Q2 lgf Weighted Average Shares Outstanding Basic And Diluted
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137011000 shares
CY2012Q2 lgf Withholding Tax Obligations For Stock Based Compensation
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2745000 USD
CY2012Q2 dei Amendment Flag
AmendmentFlag
false
CY2012Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2012Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2012Q2 dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
CY2012Q2 dei Document Type
DocumentType
10-Q
CY2012Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000929351
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
144417263 shares
CY2012Q2 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q2 dei Entity Registrant Name
EntityRegistrantName
LIONS GATE ENTERTAINMENT CORP /CN/

Files In Submission

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