Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Assets, Current    
Cash and cash equivalents $ 2,589 $ 2,306
Trade and other receivables, net 859 1,232
Inventory, net 1,029 1,049
Short term marketable securities 845 889
Other current assets 77 72
Total current assets 5,399 5,548
Investments in available-for-sale securities and other cost investments 1,405 1,224
Investments in affiliates, accounted for using the equity method 1,521 1,633
Property and equipment, at cost 1,954 2,030
Accumulated depreciation (934) (937)
Property and equipment, net 1,020 1,093
Intangible assets not subject to amortization:    
Goodwill 5,266 5,404
Trademarks 2,453 2,489
Indefinite Lived Intangible Assets Total 7,719 7,893
Intangible assets subject to amortization, net 1,014 1,185
Other assets, at cost, net of accumulated amortization 64 65
Total assets 18,142 18,641
Liabilities and Equity    
Accounts payable 601 735
Accrued liabilities 615 743
Current portion of debt 916 946
Deferred income tax liabilities 1,040 972
Other current liabilities 237 343
Total current liabilities 3,409 3,739
Long-term debt 7,065 7,105
Deferred income tax liabilities 1,739 1,849
Other liabilities 202 168
Total liabilities $ 12,415 $ 12,861
Equity    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued    
Additional paid-in capital   $ 4
Accumulated other comprehensive earnings, net of taxes $ (188) (94)
Retained earnings 5,821 5,757
Total stockholders' equity 5,639 5,673
Noncontrolling interests in equity of subsidiaries 88 107
Total equity $ 5,727 $ 5,780
Commitments and contingencies    
Total liabilities and equity $ 18,142 $ 18,641
QVC Group Common Stock    
Assets, Current    
Cash and cash equivalents 497 422
Trade and other receivables, net 800  
Inventory, net 964  
Short term marketable securities 8  
Other current assets 273  
Total current assets 2,542  
Investments in available-for-sale securities and other cost investments 4 4
Investments in affiliates, accounted for using the equity method 196 375
Property and equipment, net 982  
Intangible assets not subject to amortization:    
Indefinite Lived Intangible Assets Total 7,592  
Intangible assets subject to amortization, net 976  
Other assets, at cost, net of accumulated amortization 59  
Total assets 12,351  
Liabilities and Equity    
Accounts payable 567  
Accrued liabilities 570  
Current portion of debt 9  
Other current liabilities 155  
Total current liabilities 1,302  
Long-term debt 5,685  
Deferred income tax liabilities 949  
Other liabilities 190  
Total liabilities 8,126  
Equity    
Total stockholders' equity 4,130  
Noncontrolling interests in equity of subsidiaries 95  
Total liabilities and equity 12,351  
QVC Group Common Stock | Common Class A    
Equity    
Common stock value $ 5 $ 5
QVC Group Common Stock | Common Class B    
Equity    
Common stock value    
Liberty Ventures common stock    
Assets, Current    
Cash and cash equivalents $ 2,092 $ 1,884
Trade and other receivables, net 59  
Inventory, net 65  
Short term marketable securities 837  
Other current assets 8  
Total current assets 3,061  
Investments in available-for-sale securities and other cost investments 1,401 1,220
Investments in affiliates, accounted for using the equity method 1,325 1,258
Property and equipment, net 38  
Intangible assets not subject to amortization:    
Indefinite Lived Intangible Assets Total 127  
Intangible assets subject to amortization, net 38  
Other assets, at cost, net of accumulated amortization 5  
Total assets 5,995  
Liabilities and Equity    
Accounts payable 34  
Accrued liabilities 45  
Current portion of debt 907  
Deferred income tax liabilities 1,244  
Other current liabilities 82  
Total current liabilities 2,311  
Long-term debt 1,380  
Deferred income tax liabilities 790  
Other liabilities 12  
Total liabilities 4,493  
Equity    
Total stockholders' equity 1,509  
Noncontrolling interests in equity of subsidiaries (7)  
Total liabilities and equity 5,995  
Liberty Ventures common stock | Common Class A    
Equity    
Common stock value $ 1 $ 1
Liberty Ventures common stock | Common Class B    
Equity    
Common stock value