STARZ ENTERTAINMENT CORP /CN/
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
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Condensed Consolidated Statements of Cash Flows
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended | ||
|---|---|---|
| September 30, | ||
| 2025 | 2024 | |
| (Amounts in millions) | ||
| Operating Activities: | ||
| Net loss | $(95.1) | $(26.4) |
| Less: net income from discontinued operations, net of tax | — | 3.1 |
| Net loss from continuing operations, net of tax | (95.1) | (29.5) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 96.6 | 82.8 |
| Programming amortization | 319.3 | 331.1 |
| Amortization of debt financing costs and other non-cash interest | 2.0 | 1.4 |
| Non-cash share-based compensation | 11.3 | 9.6 |
| Other amortization | 4.0 | 3.6 |
| Net content impairment (recoveries) | (0.3) | (4.7) |
| Loss on extinguishment of debt | — | 4.9 |
| Deferred income taxes | — | (1.1) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 16.9 | (33.1) |
| Programming content payments | (253.0) | (497.1) |
| Programming related payables | (54.9) | (11.0) |
| Other assets | 6.0 | 1.3 |
| Accounts payable and accrued liabilities | (16.6) | (22.1) |
| Residuals | — | (1.1) |
| Deferred revenue | 3.1 | 0.9 |
| Due to LG Studios Business | — | 146.3 |
| Net cash provided by (used in) operating activities – continuing operations | 39.3 | (17.8) |
| Net cash provided by (used in) operating activities – discontinued operations | — | (6.6) |
| Net cash provided by (used in) operating activities | 39.3 | (24.4) |
| Investing activities: | ||
| New Lionsgate revolving credit facility – increases | 151.8 | (176.7) |
| New Lionsgate revolving credit facility – decreases | (70.2) | 96.3 |
| Capital expenditures | (12.1) | (9.6) |
| Deferred purchase price of receivables sold | 1.2 | — |
| Net cash provided by (used in) investing activities – continuing operations | 70.7 | (90.0) |
| Financing activities: | ||
| Distribution of Exchange Notes to New Lionsgate upon Separation | (389.9) | — |
| Debt – borrowings, net of debt issuance and redemption costs | 394.8 | 176.8 |
| Debt – repurchases and repayments | (103.0) | (216.5) |
| Programming related obligations – borrowings | 299.6 | 121.5 |
| Programming related obligations – repayments | (286.7) | (53.8) |
| Parent net investment | (5.6) | 65.4 |
| Net cash (used in) provided by financing activities – continuing operations | (90.8) | 93.4 |
| Net cash provided by financing activities – discontinued operations | — | 2.8 |
| Net cash (used in) provided by financing activities | (90.8) | 96.2 |
| Net change in cash and cash equivalents | 19.2 | (18.2) |
| Cash and cash equivalents – beginning of period | 17.8 | 37.0 |
| Cash and cash equivalents – end of period | $37.0 | $18.8 |
(1)Programming content payments prior to the Separation for the six months ended September 30, 2024 includes $313.2 million, respectively, from the licensing of program rights from the LG Studios Business (see Note 15).
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