Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.6.0.2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2016
Summary of activity in the allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

Additions

 

 

 

 

Balance

 

 

 

beginning

 

Charged

 

 

 

 

Deductions-

 

end of

 

 

 

of year

 

to expense

 

Other

 

write-offs

 

year

 

 

 

amounts in millions

 

2016

    

$
87

    
109

    
(1)

 

    
(96)

 

    
99

 

2015

 

$
92

    
84

    
(1)

 

    
(88)

 

    
87

 

2014

    

$
86

    
95

    
(2)

 

    
(87)

 

    
92

 

 

Schedule of Property and Equipment

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

 

2016

 

2015

 

 

 

amounts in millions

 

Land

    

$
81

    
85

 

Buildings and improvements

 

 
1,016

 
995

 

Support equipment

 

 
1,034

 
973

 

Projects in progress

 

 
32

 
71

 

Total property and equipment

 

$
2,163

 
2,124

 

 

Schedule of net earnings attributable to stockholders

Net earnings (loss) attributable to Liberty stockholders is comprised of the following (amounts in millions):

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

 

2016

 

2015

 

2014

 

QVC Group

    

 

 

    

 

    

 

 

Net earnings (loss) from continuing operations

 

$
473

 
640

 
535

 

Net earnings (loss) from discontinued operations

 

$

NA

 

NA

 
(15)

 

Liberty Ventures

 

 

 

 

 

 

 

 

Net earnings (loss) from continuing operations

 

$
742

 
(51)

 
(37)

 

Net earnings (loss) from discontinued operations

 

$
20

 
280

 
54

 

 

Summary of activity in allowance for sales returns

 

 

 

 

 

 

 

 

 

 

 

Balance beginning of year

 

Additions - charged to earnings

 

Deductions

 

Balance end of year

 

 

in millions

2016

$

106

 

1,051

 

(1,060)

 

98

2015

$

109

 

1,213

 

(1,216)

 

106

2014

$

106

 

1,253

 

(1,250)

 

109

 

QVC Group Common Stock  
Schedule of Weighted Average Number of Shares

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

    

 

2016

    

2015

    

2014

 

 

 

 

number of shares in millions

 

Basic WASO

 

 
476

 
475

 
484

 

Potentially dilutive shares

 

 
5

 
6

 
8

 

Diluted WASO

 

 
481

 
481

 
492

 

 

Liberty Ventures common stock  
Schedule of Weighted Average Number of Shares

 

 

 

 

 

 

 

 

 

 

 

    

Years ended December 31,

 

 

    

 

2016

    

2015

    

2014

 

 

 

 

number of shares in millions

 

Basic WASO

 

 
134

 
142

 
87

 

Potentially dilutive shares

 

 
1

 
1

 
1

 

Diluted WASO

 

 
135

 
143

 
88