Business Context and Reporting Period
This Form 8-K is filed by Lions Gate Entertainment Corp. (noting the metadata reference to STARZ ENTERTAINMENT CORP) on August 9, 2005. The report discloses the issuance of a press release detailing results of operations for the quarter ended June 30, 2005.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references a press release (Exhibit 99.1) containing these figures but does not reproduce them in the body of this document.
The filing defines the following non-GAAP financial measures used in the referenced press release:
- Free Cash Flow: Defined as net cash flows provided by/used in operating activities less purchases of property and equipment. The company also reports free cash flow after debt service.
- EBITDA: Defined as earnings before interest, interest rate swaps mark-to-market, interest income, income tax provision, depreciation, and minority interests.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It only confirms that results for the quarter ended June 30, 2005, were issued.
Guidance, Outlook, and Risks
The filing does not contain specific guidance, outlook, or management commentary beyond the definitions of non-GAAP measures. It includes standard disclosures stating that these non-GAAP measures are not a substitute for GAAP measures, may not be comparable to other companies, and do not reflect cash available to fund cash requirements.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for actual revenue, profit, and cash flow figures for the quarter ended June 30, 2005.
- Verify the reconciliation of non-GAAP Free Cash Flow and EBITDA to GAAP net income as provided in Exhibit 99.1.
- Confirm the specific debt service figures used in the "Free Cash Flow after debt service" calculation.
- Check for any subsequent filings that may clarify the discrepancy between the metadata company name (STARZ ENTERTAINMENT CORP) and the registrant name (Lions Gate Entertainment Corp).