Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.3.1.900
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Assets, Current    
Cash and cash equivalents $ 2,449 $ 2,306
Trade and other receivables, net 1,443 1,232
Inventory, net 1,000 1,049
Short term marketable securities 910 889
Other current assets 73 72
Total current assets 5,875 5,548
Investments in available-for-sale securities and other cost investments 1,353 1,224
Investments in affiliates, accounted for using the equity method 1,641 1,633
Property and equipment, at cost 2,124 2,030
Accumulated depreciation (984) (937)
Property and equipment, net 1,140 1,093
Intangible assets not subject to amortization:    
Goodwill 6,112 5,404
Trademarks 3,373 2,489
Indefinite Lived Intangible Assets Total 9,485 7,893
Intangible assets subject to amortization, net 1,647 1,185
Other assets, at cost, net of accumulated amortization 39 22
Total assets 21,180 18,598
Liabilities and Equity    
Accounts payable 762 735
Accrued liabilities 784 743
Current portion of debt 1,226 946
Other current liabilities 328 343
Total current liabilities 3,100 2,767
Long-term debt 7,481 7,062
Deferred income tax liabilities 3,502 2,821
Other liabilities 222 168
Total liabilities 14,305 12,818
Equity    
Additional paid-in capital 370 4
Accumulated other comprehensive earnings, net of taxes (215) (94)
Retained earnings 6,626 5,757
Total stockholders' equity 6,787 5,673
Noncontrolling interests in equity of subsidiaries 88 107
Total equity 6,875 5,780
Total liabilities and equity 21,180 18,598
QVC Group Common Stock    
Assets, Current    
Cash and cash equivalents 426 422
Trade and other receivables, net 1,379 1,196
Inventory, net 945 882
Short term marketable securities 12 21
Other current assets 65 63
Total current assets 2,827 2,584
Investments in available-for-sale securities and other cost investments 4 4
Investments in affiliates, accounted for using the equity method 208 375
Property and equipment, net 1,104 1,026
Intangible assets not subject to amortization:    
Intangible assets subject to amortization, net 1,607 1,130
Other assets, at cost, net of accumulated amortization 33 17
Total assets 15,141 12,770
Liabilities and Equity    
Accounts payable 736 629
Accrued liabilities 745 688
Current portion of debt 358 9
Other current liabilities 219 269
Total current liabilities 2,103 1,590
Long-term debt 6,177 5,808
Deferred income tax liabilities 1,359 834
Other liabilities 209 157
Total liabilities 9,848 8,389
Equity    
Total stockholders' equity 5,195 4,280
Noncontrolling interests in equity of subsidiaries 98 101
Total liabilities and equity 15,141 12,770
QVC Group Common Stock | Common Class A    
Equity    
Common stock value 5 5
Total equity 5 5
Liberty Ventures common stock    
Assets, Current    
Cash and cash equivalents 2,023 1,884
Trade and other receivables, net 64 36
Inventory, net 55 167
Short term marketable securities 898 868
Other current assets 8 9
Total current assets 3,048 2,964
Investments in available-for-sale securities and other cost investments 1,349 1,220
Investments in affiliates, accounted for using the equity method 1,433 1,258
Property and equipment, net 36 67
Intangible assets not subject to amortization:    
Intangible assets subject to amortization, net 40 55
Other assets, at cost, net of accumulated amortization 6 5
Total assets 6,039 5,828
Liabilities and Equity    
Accounts payable 26 106
Accrued liabilities 39 55
Current portion of debt 868 937
Other current liabilities 109 74
Total current liabilities 997 1,177
Long-term debt 1,304 1,254
Deferred income tax liabilities 2,143 1,987
Other liabilities 13 11
Total liabilities 4,457 4,429
Equity    
Total stockholders' equity 1,592 1,393
Noncontrolling interests in equity of subsidiaries (10) 6
Total liabilities and equity 6,039 5,828
Liberty Ventures common stock | Common Class A    
Equity    
Common stock value 1 1
Total equity $ 1 $ 1