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

Annual report pursuant to Section 13 and 15(d)

Leases and Transponder Service Agreements (Tables)

Leases and Transponder Service Agreements (Tables)

12 Months Ended

Dec. 31, 2019

Leases and Transponder Service Agreements [Abstract]

The components of lease cost for the year ended December 31, 2019, were as follows:



(in millions)	December 31, 2019
Finance lease cost
Depreciation of leased assets	$	20
Interest on lease liabilities	9
Total finance lease cost	29
Operating lease cost	32
Total lease cost	$	61

Weighted average lease term and discount rate [Table Text Block]

The remaining weighted-average lease term and the weighted-average discount rate were as follows:



	December 31, 2019
Weighted-average remaining lease term (years):
Finance leases	9.2
Operating leases	12.4
Weighted-average discount rate:
Finance leases	5.0	%
Operating leases	6.1	%

Leases, Supplemental Balance Sheet Information [Table Text Block]

Supplemental balance sheet information related to leases was as follows:



(in millions)	December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	214
Accrued liabilities	$	28
Other long-term liabilities	190
Total operating lease liabilities	$	218
Finance Leases:
Property and equipment	$	282
Accumulated depreciation	(129		)
Property and equipment, net	$	153
Current portion of debt and finance lease obligations	$	18
Long-term portion of debt and finance lease obligations	163
Total finance lease liabilities	$	181

Leases, Supplemental Cash Flow Information [Table Text Block]

Supplemental cash flow information related to leases for the year ended December 31, 2019 was as follows:



(in millions)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease	$	35
Operating cash flows from finance leases	9
Financing cash flows from finance leases	22
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	151
Finance leases	$	16

Future minimum lease payments

Future payments under noncancelable operating leases and finance leases with initial terms of one year or more as of December 31, 2019 consisted of the following:



(in millions)	Finance leases			Operating leases		Total leases
2020	$	26		38		64
2021	25			26		51
2022	25			23		48
2023	25			21		46
2024	23			20		43
Thereafter	108			186		294
Total lease payments	232			314		546
Less: imputed interest	(51		)	(96	)	(147	)
Total lease liabilities	$	181		218		399