Information About Qurate Retail's Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2019 |
|---|
| Information About Qurate Retail's Operating Segments |
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| Schedule of disaggregation of revenue |
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Three months ended |
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September 30, 2019 |
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|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
in millions |
|
Home |
|
$ |
668 |
|
236 |
|
95 |
|
187 |
|
1,186 |
|
Apparel |
|
|
334 |
|
107 |
|
141 |
|
39 |
|
621 |
|
Beauty |
|
|
303 |
|
161 |
|
12 |
|
— |
|
476 |
|
Accessories |
|
|
199 |
|
63 |
|
90 |
|
— |
|
352 |
|
Electronics |
|
|
207 |
|
21 |
|
3 |
|
— |
|
231 |
|
Jewelry |
|
|
97 |
|
59 |
|
12 |
|
— |
|
168 |
|
Other revenue |
|
|
46 |
|
3 |
|
6 |
|
— |
|
55 |
|
Total Revenue |
|
$ |
1,854 |
|
650 |
|
359 |
|
226 |
|
3,089 |
|
|
|
|
|
|
|
|
|
|
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|
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|
|
Nine months ended |
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September 30, 2019 |
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|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
in millions |
|
Home |
|
$ |
2,002 |
|
714 |
|
298 |
|
530 |
|
3,544 |
|
Apparel |
|
|
1,004 |
|
327 |
|
422 |
|
117 |
|
1,870 |
|
Beauty |
|
|
912 |
|
462 |
|
37 |
|
— |
|
1,411 |
|
Accessories |
|
|
666 |
|
190 |
|
295 |
|
— |
|
1,151 |
|
Electronics |
|
|
561 |
|
68 |
|
10 |
|
— |
|
639 |
|
Jewelry |
|
|
302 |
|
161 |
|
37 |
|
— |
|
500 |
|
Other revenue |
|
|
138 |
|
12 |
|
20 |
|
— |
|
170 |
|
Total Revenue |
|
$ |
5,585 |
|
1,934 |
|
1,119 |
|
647 |
|
9,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
September 30, 2018 |
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
in millions |
Home |
|
$ |
713 |
|
235 |
|
118 |
|
170 |
|
1,236 |
Apparel |
|
|
331 |
|
113 |
|
175 |
|
37 |
|
656 |
Beauty |
|
|
294 |
|
148 |
|
11 |
|
— |
|
453 |
Accessories |
|
|
219 |
|
64 |
|
105 |
|
— |
|
388 |
Electronics |
|
|
207 |
|
26 |
|
3 |
|
— |
|
236 |
Jewelry |
|
|
117 |
|
51 |
|
12 |
|
— |
|
180 |
Other revenue |
|
|
48 |
|
3 |
|
8 |
|
23 |
|
82 |
Total Revenue |
|
$ |
1,929 |
|
640 |
|
432 |
|
230 |
|
3,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended |
|
|
|
September 30, 2018 |
|
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
in millions |
|
Home |
|
$ |
2,090 |
|
730 |
|
341 |
|
520 |
|
3,681 |
|
Apparel |
|
|
1,034 |
|
348 |
|
494 |
|
109 |
|
1,985 |
|
Beauty |
|
|
916 |
|
450 |
|
35 |
|
— |
|
1,401 |
|
Accessories |
|
|
668 |
|
203 |
|
329 |
|
— |
|
1,200 |
|
Electronics |
|
|
543 |
|
74 |
|
11 |
|
— |
|
628 |
|
Jewelry |
|
|
362 |
|
154 |
|
35 |
|
— |
|
551 |
|
Other revenue |
|
|
142 |
|
13 |
|
21 |
|
72 |
|
248 |
|
Total Revenue |
|
$ |
5,755 |
|
1,972 |
|
1,266 |
|
701 |
|
9,694 |
|
|
| Summarized Adjusted OIBDA |
|
|
|
|
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|
Three months ended September 30, |
|
Nine months ended September 30, |
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|
2019 |
|
2018 |
|
|
2019 |
|
2018 |
|
|
|
amounts in millions |
|
QxH |
|
$ |
346 |
|
371 |
|
|
1,093 |
|
1,141 |
|
QVC International |
|
|
106 |
|
93 |
|
|
313 |
|
300 |
|
Zulily |
|
|
8 |
|
18 |
|
|
32 |
|
74 |
|
Corporate and other |
|
|
(4) |
|
(14) |
|
|
(9) |
|
(13) |
|
Consolidated Qurate Retail |
|
$ |
456 |
|
468 |
|
|
1,429 |
|
1,502 |
|
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| Other Information By Segment |
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|
September 30, 2019 |
|
|
|
Total assets |
|
Investments in affiliates |
|
Capital expenditures |
|
|
|
amounts in millions |
|
QxH |
|
$ |
12,587 |
|
38 |
|
202 |
|
QVC International |
|
|
2,160 |
|
— |
|
23 |
|
Zulily |
|
|
1,157 |
|
— |
|
18 |
|
Corporate and other |
|
|
1,075 |
|
117 |
|
6 |
|
Consolidated Qurate Retail |
|
$ |
16,979 |
|
155 |
|
249 |
|
|
| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
|
|
amounts in millions |
|
Adjusted OIBDA |
|
$ |
456 |
|
468 |
|
1,429 |
|
1,502 |
|
Stock-based compensation |
|
|
(17) |
|
(21) |
|
(54) |
|
(67) |
|
Depreciation and amortization |
|
|
(146) |
|
(167) |
|
(457) |
|
(489) |
|
Impairment of intangible assets |
|
|
(1,020) |
|
— |
|
(1,020) |
|
— |
|
Transaction related costs |
|
|
— |
|
(43) |
|
(1) |
|
(57) |
|
Operating income (loss) |
|
|
(727) |
|
237 |
|
(103) |
|
889 |
|
Interest expense |
|
|
(93) |
|
(94) |
|
(282) |
|
(288) |
|
Share of earnings (loss) of affiliates, net |
|
|
(36) |
|
(29) |
|
(104) |
|
(89) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(45) |
|
(27) |
|
(239) |
|
92 |
|
Other, net |
|
|
(4) |
|
(2) |
|
(19) |
|
17 |
|
Earnings (loss) before income taxes |
|
$ |
(905) |
|
85 |
|
(747) |
|
621 |
|
|