Qurate Retail, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Assets, Current
Cash and cash equivalents	$ 2,306	$ 902
Trade and other receivables, net	1,232us-gaap_ReceivablesNetCurrent	1,152us-gaap_ReceivablesNetCurrent
Inventory, net	1,049us-gaap_InventoryNet	1,123us-gaap_InventoryNet
Short term marketable securities	889us-gaap_MarketableSecuritiesCurrent	412us-gaap_MarketableSecuritiesCurrent
Other current assets	72us-gaap_OtherAssetsCurrent	184us-gaap_OtherAssetsCurrent
Current assets from discontinued operations		653
Total current assets	5,548us-gaap_AssetsCurrent	4,426us-gaap_AssetsCurrent
Investments in available-for-sale securities and other cost investments	1,224	1,313
Investments in affiliates, accounted for using the equity method	1,633us-gaap_EquityMethodInvestments	1,237us-gaap_EquityMethodInvestments
Property and equipment, at cost	2,030us-gaap_PropertyPlantAndEquipmentGross	2,201us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation	(937)	(993)
Property and equipment, net	1,093us-gaap_PropertyPlantAndEquipmentNet	1,208us-gaap_PropertyPlantAndEquipmentNet
Intangible assets not subject to amortization (note 10):
Goodwill	5,404us-gaap_Goodwill	5,872us-gaap_Goodwill
Trademarks	2,489us-gaap_IndefiniteLivedTrademarks	2,511us-gaap_IndefiniteLivedTrademarks
Indefinite Lived Intangible Assets Total	7,893	8,383
Intangible assets subject to amortization, net	1,185us-gaap_FiniteLivedIntangibleAssetsNet	1,587us-gaap_FiniteLivedIntangibleAssetsNet
Other assets, at cost, net of accumulated amortization	65us-gaap_OtherAssetsNoncurrent	80us-gaap_OtherAssetsNoncurrent
Noncurrent assets from discontinued operations		6,442
Total assets	18,641us-gaap_Assets	24,676us-gaap_Assets
Liabilities and Equity
Accounts payable	735us-gaap_AccountsPayableCurrent	606us-gaap_AccountsPayableCurrent
Accrued liabilities	743us-gaap_AccruedLiabilitiesCurrent	903us-gaap_AccruedLiabilitiesCurrent
Current portion of debt	946us-gaap_DebtCurrent	909us-gaap_DebtCurrent
Deferred income tax liabilities	972us-gaap_DeferredTaxLiabilitiesCurrent	925us-gaap_DeferredTaxLiabilitiesCurrent
Other current liabilities	343us-gaap_OtherLiabilitiesCurrent	148us-gaap_OtherLiabilitiesCurrent
Current liabilities from discontinued operations		265
Total current liabilities	3,739us-gaap_LiabilitiesCurrent	3,756us-gaap_LiabilitiesCurrent
Long-term debt	7,105us-gaap_LongTermDebtNoncurrent	6,106us-gaap_LongTermDebtNoncurrent
Deferred income tax liabilities	1,849	2,001
Other liabilities	168us-gaap_OtherLiabilitiesNoncurrent	191us-gaap_OtherLiabilitiesNoncurrent
Noncurrent liabilities of discontinued operations		1,187
Total liabilities	12,861us-gaap_Liabilities	13,241us-gaap_Liabilities
Equity
Additional paid-in capital	4us-gaap_AdditionalPaidInCapital	1,146us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive earnings, net of taxes	(94)	99
Retained earnings	5,757	5,685
Total stockholders' equity	5,673us-gaap_StockholdersEquity	6,936us-gaap_StockholdersEquity
Noncontrolling interests in equity of subsidiaries	107us-gaap_MinorityInterest	4,499us-gaap_MinorityInterest
Total equity	5,780	11,435
Total liabilities and equity	18,641	24,676
Liberty Interactive common stock
Assets, Current
Cash and cash equivalents	422	595
Trade and other receivables, net	1,196	1,148
Inventory, net	882	1,123
Short term marketable securities	21
Other current assets	262	354
Current assets from discontinued operations		25
Total current assets	2,783	3,245
Investments in available-for-sale securities and other cost investments	4	4
Investments in affiliates, accounted for using the equity method	375	343
Property and equipment, net	1,026	1,208
Intangible assets not subject to amortization (note 10):
Intangible assets subject to amortization, net	1,130	1,587
Other assets, at cost, net of accumulated amortization	60	80
Total assets	13,012	14,862
Liabilities and Equity
Accounts payable	629	606
Accrued liabilities	688	883
Current portion of debt	9	39
Other current liabilities	269	145
Current liabilities from discontinued operations		22
Total current liabilities	1,590	1,916
Long-term debt	5,851	5,044
Deferred income tax liabilities	1,033	1,207
Other liabilities	157	191
Noncurrent liabilities of discontinued operations		2
Total liabilities	8,631	8,360
Equity
Total stockholders' equity	4,280	6,378
Noncontrolling interests in equity of subsidiaries	101	124
Total liabilities and equity	13,012	14,862
Liberty Interactive 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	1,884	307
Trade and other receivables, net	36	4
Inventory, net	167
Short term marketable securities	868	412
Other current assets	9
Current assets from discontinued operations		628
Total current assets	2,964	1,351
Investments in available-for-sale securities and other cost investments	1,220	1,309
Investments in affiliates, accounted for using the equity method	1,258	894
Property and equipment, net	67
Intangible assets not subject to amortization (note 10):
Intangible assets subject to amortization, net	55
Other assets, at cost, net of accumulated amortization	5
Total assets	5,828	9,984
Liabilities and Equity
Accounts payable	106
Accrued liabilities	55	20
Current portion of debt	937	870
Deferred income tax liabilities	1,171	1,095
Other current liabilities	74	3
Current liabilities from discontinued operations		243
Total current liabilities	2,348	2,010
Long-term debt	1,254	1,062
Deferred income tax liabilities	816	790
Other liabilities	11
Noncurrent liabilities of discontinued operations		1,189
Total liabilities	4,429	5,051
Equity
Total stockholders' equity	1,393	558
Noncontrolling interests in equity of subsidiaries	6	4,375
Total liabilities and equity	5,828	9,984
Liberty Ventures common stock \| Common Class A
Equity
Common stock value	1	1
Total equity	$ 1	$ 1