STARZ ENTERTAINMENT CORP /CN/
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
STRZ$26.02+5.6%Stored close · as of Nov 9, 2026
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Statements of Cash Flows
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| (Amounts in millions) | ||
| Operating Activities: | ||
| Net loss | $(164.9) | $(153.0) |
| Less: net income from discontinued operations, net of tax | — | 1.0 |
| Net loss from continuing operations, net of tax | (164.9) | (154.0) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 68.5 | 48.1 |
| Programming amortization | 138.3 | 118.4 |
| Net content impairment | 128.1 | 167.6 |
| Amortization of debt financing costs and other non-cash interest | 1.1 | 1.1 |
| Non-cash share-based compensation | 3.2 | 4.3 |
| Other amortization | 2.1 | 1.8 |
| Loss on extinguishment of debt | — | 0.7 |
| Deferred income taxes | — | 0.2 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 1.8 | 32.7 |
| Cash paid for programming content(1) | (113.3) | (246.0) |
| Other assets | 2.5 | (6.2) |
| Accounts payable and accrued liabilities | 5.7 | (1.6) |
| Residuals | (1.2) | (0.1) |
| Deferred revenue | 1.3 | 5.0 |
| Due to LG Studios Business | — | (35.5) |
| Net cash provided by (used in) operating activities | 73.2 | (63.5) |
| Investing activities: | ||
| Capital expenditures | (4.5) | (3.9) |
| Deferred purchase price of receivables sold | 0.6 | — |
| New Lionsgate revolving credit facility – increases | — | 303.7 |
| New Lionsgate revolving credit facility – decreases | — | (251.3) |
| Net cash (used in) provided by investing activities | (3.9) | 48.5 |
| Financing activities: | ||
| Debt – borrowings, net of debt issuance and redemption costs | — | 96.5 |
| Debt repayments | — | (96.5) |
| Programming related obligations – borrowings | 104.1 | 113.3 |
| Programming related obligations – repayments | (107.0) | (98.3) |
| Parent net investment | — | 3.6 |
| Net cash (used in) provided by financing activities | (2.9) | 18.6 |
| Net change in cash and cash equivalents | 66.4 | 3.6 |
| Cash and cash equivalents – beginning of period | 35.7 | 14.2 |
| Cash and cash equivalents – end of period | $102.1 | $17.8 |
(1)Cash paid for programming content for the three months ended March 31, 2025 includes $157.1 million for the licensing of program rights from the LG Studios Business.
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