Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.20.2
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended June 30, Six months ended June 30,
2020 2019 2020 2019
(in millions) Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA
QxH $ 2,010    388    1,874    395    3,802    681    3,731    747   
QVC-International 713    119    640    106    1,348    216    1,284    207   
   Consolidated QVC $ 2,723    507    2,514    501    5,150    897    5,015    954   
Schedule of Depreciation and Amortization by Segment
Three months ended June 30, Six months ended June 30,
2020 2019 2020 2019
(in millions) Depreciation Amortization Depreciation Amortization Depreciation Amortization Depreciation Amortization
QxH $ 29    70    28    67    58    138    56    136   
QVC-International 14    3    26    3    28    6    44    6   
Consolidated QVC $ 43    73    54    70    86    144    100    142   
Schedule of Capital Expenditures and Total Assets by Segment
June 30, 2020
(in millions) Total
assets		 Capital
expenditures		 Property and equipment, net
QxH $ 12,150    82    776   
QVC-International 2,235    10    393   
Consolidated QVC $ 14,385    92    1,169   
Reconciliation of Adjusted OIBDA to Income before Income Taxes
The following table provides a reconciliation of Adjusted OIBDA to operating income and income before income taxes:
Three months ended June 30, Six months ended June 30,
(in millions) 2020 2019 2020 2019
Adjusted OIBDA $ 507    501    897    954   
Transaction related costs —    (1)   —    (1)  
Stock-based compensation (10)   (11)   (16)   (20)  
Depreciation and amortization (116)   (124)   (230)   (242)  
Operating income 381    365    651    691   
Equity in losses of investee (1)   (1)   (2)   (1)  
Losses on financial instruments —    (1)   (4)   (3)  
Interest expense, net (64)   (60)   (129)   (121)  
Foreign currency gain (loss) 1    —    2    (3)  
Income before income taxes $ 317    303    518    563