Information About Qurate Retail's Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2020 |
|---|
| 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, 2020 |
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QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
819 |
|
286 |
|
115 |
|
248 |
|
1,468 |
|
Apparel |
|
|
312 |
|
115 |
|
147 |
|
37 |
|
611 |
|
Beauty |
|
|
297 |
|
168 |
|
17 |
|
— |
|
482 |
|
Accessories |
|
|
219 |
|
67 |
|
94 |
|
— |
|
380 |
|
Electronics |
|
|
197 |
|
25 |
|
3 |
|
— |
|
225 |
|
Jewelry |
|
|
93 |
|
59 |
|
12 |
|
— |
|
164 |
|
Other revenue |
|
|
43 |
|
3 |
|
7 |
|
— |
|
53 |
|
Total Revenue |
|
$ |
1,980 |
|
723 |
|
395 |
|
285 |
|
3,383 |
|
|
|
|
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|
|
|
|
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|
Nine months ended |
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September 30, 2020 |
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|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
2,303 |
|
829 |
|
326 |
|
631 |
|
4,089 |
|
Apparel |
|
|
913 |
|
316 |
|
411 |
|
108 |
|
1,748 |
|
Beauty |
|
|
910 |
|
499 |
|
50 |
|
— |
|
1,459 |
|
Accessories |
|
|
676 |
|
188 |
|
281 |
|
— |
|
1,145 |
|
Electronics |
|
|
588 |
|
78 |
|
10 |
|
— |
|
676 |
|
Jewelry |
|
|
273 |
|
155 |
|
34 |
|
— |
|
462 |
|
Other revenue |
|
|
119 |
|
6 |
|
21 |
|
|
|
146 |
|
Total Revenue |
|
$ |
5,782 |
|
2,071 |
|
1,133 |
|
739 |
|
9,725 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
September 30, 2019 |
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
Home |
|
$ |
670 |
|
236 |
|
95 |
|
187 |
|
1,188 |
Apparel |
|
|
334 |
|
107 |
|
141 |
|
39 |
|
621 |
Beauty |
|
|
303 |
|
161 |
|
12 |
|
— |
|
476 |
Accessories |
|
|
199 |
|
63 |
|
90 |
|
— |
|
352 |
Electronics |
|
|
209 |
|
21 |
|
3 |
|
— |
|
233 |
Jewelry |
|
|
98 |
|
59 |
|
12 |
|
— |
|
169 |
Other revenue |
|
|
41 |
|
3 |
|
6 |
|
— |
|
50 |
Total Revenue |
|
$ |
1,854 |
|
650 |
|
359 |
|
226 |
|
3,089 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
Nine months ended |
|
|
|
September 30, 2019 |
|
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
2,009 |
|
714 |
|
298 |
|
530 |
|
3,551 |
|
Apparel |
|
|
1,005 |
|
327 |
|
422 |
|
117 |
|
1,871 |
|
Beauty |
|
|
915 |
|
462 |
|
37 |
|
— |
|
1,414 |
|
Accessories |
|
|
667 |
|
190 |
|
295 |
|
— |
|
1,152 |
|
Electronics |
|
|
564 |
|
68 |
|
10 |
|
— |
|
642 |
|
Jewelry |
|
|
303 |
|
161 |
|
37 |
|
— |
|
501 |
|
Other revenue |
|
|
122 |
|
12 |
|
20 |
|
— |
|
154 |
|
Total Revenue |
|
$ |
5,585 |
|
1,934 |
|
1,119 |
|
647 |
|
9,285 |
|
|
| Summarized Adjusted OIBDA |
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Three months ended September 30, |
|
Nine months ended September 30, |
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|
2020 |
|
2019 |
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|
2020 |
|
2019 |
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|
amounts in millions |
|
|
|
|
|
|
QxH |
|
$ |
380 |
|
346 |
|
|
1,061 |
|
1,093 |
|
QVC International |
|
|
132 |
|
106 |
|
|
348 |
|
313 |
|
Zulily |
|
|
27 |
|
8 |
|
|
74 |
|
32 |
|
Corporate and other |
|
|
27 |
|
(4) |
|
|
32 |
|
(9) |
|
Consolidated Qurate Retail |
|
$ |
566 |
|
456 |
|
|
1,515 |
|
1,429 |
|
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| Other Information By Segment |
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|
September 30, 2020 |
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Total assets |
|
Investments in affiliates |
|
Capital expenditures |
|
|
|
|
amounts in millions |
|
QxH |
|
$ |
11,928 |
|
38 |
|
121 |
|
QVC International |
|
|
2,294 |
|
— |
|
19 |
|
Zulily |
|
|
1,085 |
|
— |
|
17 |
|
Corporate and other |
|
|
1,485 |
|
14 |
|
8 |
|
Consolidated Qurate Retail |
|
$ |
16,792 |
|
52 |
|
165 |
|
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| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
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|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
amounts in millions |
|
Adjusted OIBDA |
|
$ |
566 |
|
456 |
|
1,515 |
|
1,429 |
|
Stock-based compensation |
|
|
(19) |
|
(17) |
|
(46) |
|
(54) |
|
Depreciation and amortization |
|
|
(141) |
|
(146) |
|
(427) |
|
(457) |
|
Impairment of intangible assets |
|
|
— |
|
(1,020) |
|
— |
|
(1,020) |
|
Transaction related costs |
|
|
— |
|
— |
|
— |
|
(1) |
|
Operating income (loss) |
|
$ |
406 |
|
(727) |
|
1,042 |
|
(103) |
|
Interest expense |
|
|
(98) |
|
(93) |
|
(290) |
|
(282) |
|
Share of earnings (loss) of affiliates, net |
|
|
(32) |
|
(36) |
|
(96) |
|
(104) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(12) |
|
(45) |
|
(127) |
|
(239) |
|
Gains (losses) on transactions, net |
|
|
223 |
|
— |
|
224 |
|
(1) |
|
Other, net |
|
|
(65) |
|
(4) |
|
(65) |
|
(18) |
|
Earnings (loss) before income taxes |
|
$ |
422 |
|
(905) |
|
688 |
|
(747) |
|
|