Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 574 $ 561
Restricted cash 8 8
Accounts Receivable, after Allowance for Credit Loss, Current 1,102 1,813
Inventories 1,268 1,214
Prepaid expenses and other current assets 156 184
Total current assets 3,108 3,780
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,491 at September 30, 2020 and $1,338 at December 31, 2019 1,162 1,215
Operating Lease, Right-of-Use Asset 216 214
Television distribution rights, net (note 2) 80 140
Goodwill (note 3) 5,996 5,971
Other intangible assets, net (note 3) 3,444 3,498
Other noncurrent assets 101 109
Total assets 14,107 14,927
Current liabilities:    
Current portion of debt and finance lease obligations (note 5) 18 18
Accounts payable-trade 973 913
Accrued liabilities (note 4) 961 1,045
Total current liabilities 1,952 1,976
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 5) 4,549 5,101
Deferred Income Tax Liabilities, Net 733 724
Other long-term liabilities 326 322
Total liabilities 7,560 8,123
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 9,234 9,208
Accumulated deficit (2,713) (2,390)
Accumulated other comprehensive loss (103) (144)
Total QVC, Inc. stockholder's equity 6,418 6,674
Noncontrolling interest 129 130
Total equity 6,547 6,804
Total liabilities and equity $ 14,107 $ 14,927