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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Operating activities: | |||
| Net income | $ 269.0us-gaap_ProfitLoss | $ 249.8us-gaap_ProfitLoss | $ 252.3us-gaap_ProfitLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 19.4us-gaap_OtherDepreciationAndAmortization | 17.4us-gaap_OtherDepreciationAndAmortization | 19.4us-gaap_OtherDepreciationAndAmortization |
| Amortization of program rights | 555.7strza_AmortizationOfProgramRights | 581.1strza_AmortizationOfProgramRights | 617.8strza_AmortizationOfProgramRights |
| Program rights payments | (389.1)strza_PaymentsForProgramRights | (399.9)strza_PaymentsForProgramRights | (456.6)strza_PaymentsForProgramRights |
| Amortization of investment in films and television programs | 130.0strza_AmortizationOfInvestmentInFilmsAndTelevisionPrograms | 212.4strza_AmortizationOfInvestmentInFilmsAndTelevisionPrograms | 141.6strza_AmortizationOfInvestmentInFilmsAndTelevisionPrograms |
| Investment in films and television programs | (389.5)strza_PaymentsForInvestmentInFilmsAndTelevisionPrograms | (302.5)strza_PaymentsForInvestmentInFilmsAndTelevisionPrograms | (270.1)strza_PaymentsForInvestmentInFilmsAndTelevisionPrograms |
| Stock compensation | 30.6us-gaap_ShareBasedCompensation | 34.3us-gaap_ShareBasedCompensation | 20.0us-gaap_ShareBasedCompensation |
| Payments of Long Term Incentive Plan | 0strza_PaymentsofLongTermIncentivePlan | 3.2strza_PaymentsofLongTermIncentivePlan | 33.4strza_PaymentsofLongTermIncentivePlan |
| Deferred income taxes | 19.3us-gaap_DeferredIncomeTaxExpenseBenefit | 8.4us-gaap_DeferredIncomeTaxExpenseBenefit | (17.4)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Other non-operating and non-cash items | 10.4us-gaap_OtherNoncashIncomeExpense | 5.7us-gaap_OtherNoncashIncomeExpense | 4.5us-gaap_OtherNoncashIncomeExpense |
| Changes in assets and liabilities: | |||
| Current and other assets | (29.0)us-gaap_IncreaseDecreaseInOperatingAssets | (61.1)us-gaap_IncreaseDecreaseInOperatingAssets | (12.2)us-gaap_IncreaseDecreaseInOperatingAssets |
| Due to affiliates | 0us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent | (39.5)us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent | (5.6)us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent |
| Payables and other liabilities | (20.3)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 9.9us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 31.8us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash provided by operating activities | 206.5us-gaap_NetCashProvidedByUsedInOperatingActivities | 312.8us-gaap_NetCashProvidedByUsedInOperatingActivities | 292.1us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | |||
| Purchases of property and equipment | (11.2)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (14.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (16.2)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Investment in equity investee | (19.1)us-gaap_PaymentsToAcquireEquityMethodInvestments | 0us-gaap_PaymentsToAcquireEquityMethodInvestments | 0us-gaap_PaymentsToAcquireEquityMethodInvestments |
| Cash received from equity investee | 10.7us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital | 0us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital | 0us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital |
| Net cash used in investing activities | (19.6)us-gaap_NetCashProvidedByUsedInInvestingActivities | (14.8)us-gaap_NetCashProvidedByUsedInInvestingActivities | (16.2)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | |||
| Borrowings of debt | 515.5us-gaap_ProceedsFromIssuanceOfLongTermDebt | 1,197.0us-gaap_ProceedsFromIssuanceOfLongTermDebt | 500.0us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Payments of debt | (394.9)us-gaap_RepaymentsOfLongTermDebt | (721.6)us-gaap_RepaymentsOfLongTermDebt | (504.0)us-gaap_RepaymentsOfLongTermDebt |
| Debt issuance costs | 0us-gaap_PaymentsOfDebtIssuanceCosts | (2.4)us-gaap_PaymentsOfDebtIssuanceCosts | (8.5)us-gaap_PaymentsOfDebtIssuanceCosts |
| Distributions to Old LMC | 0strza_DistributionstoParentDuetoSpinOffArrangement | 1,200.0strza_DistributionstoParentDuetoSpinOffArrangement | 600.0strza_DistributionstoParentDuetoSpinOffArrangement |
| Repurchases of common stock | (328.3)us-gaap_PaymentsForRepurchaseOfCommonStock | (289.9)us-gaap_PaymentsForRepurchaseOfCommonStock | 0us-gaap_PaymentsForRepurchaseOfCommonStock |
| Exercise of stock options | 9.6us-gaap_ProceedsFromStockOptionsExercised | 0us-gaap_ProceedsFromStockOptionsExercised | 0us-gaap_ProceedsFromStockOptionsExercised |
| Minimum withholding of taxes related to stock compensation | (14.5)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | (9.8)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | (13.3)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation |
| Excess tax benefit from stock compensation | 13.4us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 4.7us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 4.4us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Distributions to Old LMC related to stock compensation | 0strza_DistributionsToParentRelatedToShareBasedCompensation | 0strza_DistributionsToParentRelatedToShareBasedCompensation | (4.7)strza_DistributionsToParentRelatedToShareBasedCompensation |
| Net cash used in financing activities | (199.2)us-gaap_NetCashProvidedByUsedInFinancingActivities | (1,022.0)us-gaap_NetCashProvidedByUsedInFinancingActivities | (626.1)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash and cash equivalents | 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (0.1)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 0.1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net decrease in cash and cash equivalents | (12.3)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (724.1)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (350.1)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Beginning of year | 25.7us-gaap_CashAndCashEquivalentsAtCarryingValue | 749.8us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,099.9us-gaap_CashAndCashEquivalentsAtCarryingValue |
| End of year | $ 13.4us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 25.7us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 749.8us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Amortization of Investment in Films and Television Programs No definition available.
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| X | ||||||||||
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- Definition
Amortization of Program Rights No definition available.
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| X | ||||||||||
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- Definition
Distributions to Parent Due to Spin Off Arrangement No definition available.
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| X | ||||||||||
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- Definition
Distributions to Parent Related to Share-based Compensation No definition available.
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| X | ||||||||||
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- Definition
Payments for Investment in Films and Television Programs No definition available.
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| X | ||||||||||
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- Definition
Payments for Program Rights No definition available.
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| X | ||||||||||
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- Definition
Payments of Long Term Incentive Plan No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) in current obligations (due within one year or one operating cycle) owed to an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of assets used to generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The other noncash expense, not otherwise specified in the taxonomy, charged against earnings in the period to allocate the cost of tangible and intangible assets over their remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cash dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations that are returns of capital. Excludes dividends or distributions from equity method investments classified as operating activities. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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