Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Assets, Current    
Cash and cash equivalents $ 2,546 $ 2,306
Trade and other receivables, net 933 1,232
Inventory, net 1,232 1,049
Short term marketable securities 908 889
Other current assets 73 72
Total current assets 5,692 5,548
Investments in available-for-sale securities and other cost investments 1,339 1,224
Investments in affiliates, accounted for using the equity method 1,506 1,633
Property and equipment, at cost 1,989 2,030
Accumulated depreciation (955) (937)
Property and equipment, net 1,034 1,093
Intangible assets not subject to amortization:    
Goodwill 5,267 5,404
Trademarks 2,453 2,489
Indefinite Lived Intangible Assets Total 7,720 7,893
Intangible assets subject to amortization, net 931 1,185
Other assets, at cost, net of accumulated amortization 63 65
Total assets 18,285 18,641
Liabilities and Equity    
Accounts payable 752 735
Accrued liabilities 601 743
Current portion of debt 894 946
Deferred income tax liabilities 1,068 972
Other current liabilities 261 343
Total current liabilities 3,576 3,739
Long-term debt 6,961 7,105
Deferred income tax liabilities 1,728 1,849
Other liabilities 218 168
Total liabilities $ 12,483 $ 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 $ (189) (94)
Retained earnings 5,887 5,757
Total stockholders' equity 5,704 5,673
Noncontrolling interests in equity of subsidiaries 98 107
Total equity $ 5,802 $ 5,780
Commitments and contingencies
Total liabilities and equity $ 18,285 $ 18,641
QVC Group Common Stock    
Assets, Current    
Cash and cash equivalents 512 422
Trade and other receivables, net 876  
Inventory, net 1,166  
Short term marketable securities 15  
Other current assets 271  
Total current assets 2,840  
Investments in available-for-sale securities and other cost investments 4 4
Investments in affiliates, accounted for using the equity method 204 375
Property and equipment, net 997  
Intangible assets not subject to amortization:    
Indefinite Lived Intangible Assets Total 7,594  
Intangible assets subject to amortization, net 892  
Other assets, at cost, net of accumulated amortization 57  
Total assets 12,588  
Liabilities and Equity    
Accounts payable 722  
Accrued liabilities 564  
Current portion of debt 9  
Other current liabilities 171  
Total current liabilities 1,514  
Long-term debt 5,682  
Deferred income tax liabilities 926  
Other liabilities 205  
Total liabilities 8,327  
Equity    
Total stockholders' equity 4,155  
Noncontrolling interests in equity of subsidiaries 106  
Total liabilities and equity 12,588  
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 $ 2,034 $ 1,884
Trade and other receivables, net 57  
Inventory, net 66  
Short term marketable securities 893  
Other current assets 8  
Total current assets 3,058  
Investments in available-for-sale securities and other cost investments 1,335 1,220
Investments in affiliates, accounted for using the equity method 1,302 1,258
Property and equipment, net 37  
Intangible assets not subject to amortization:    
Indefinite Lived Intangible Assets Total 126  
Intangible assets subject to amortization, net 39  
Other assets, at cost, net of accumulated amortization 6  
Total assets 5,903  
Liabilities and Equity    
Accounts payable 30  
Accrued liabilities 37  
Current portion of debt 885  
Deferred income tax liabilities 1,274  
Other current liabilities 90  
Total current liabilities 2,268  
Long-term debt 1,279  
Deferred income tax liabilities 802  
Other liabilities 13  
Total liabilities 4,362  
Equity    
Total stockholders' equity 1,549  
Noncontrolling interests in equity of subsidiaries (8)  
Total liabilities and equity 5,903  
Liberty Ventures common stock | Common Class A    
Equity    
Common stock value $ 1 $ 1
Liberty Ventures common stock | Common Class B    
Equity    
Common stock value