Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.21.2
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended June 30, Six months ended June 30,
2021 2020 2021 2020
(in millions) Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA
QxH $ 1,989  391  2,010  388  3,925  740  3,802  681 
QVC-International 791  144  713  119  1,565  287  1,348  216 
   Consolidated QVC $ 2,780  535  2,723  507  5,490  1,027  5,150  897 
Schedule of Depreciation and Amortization by Segment
Three months ended June 30, Six months ended June 30,
2021 2020 2021 2020
(in millions) Depreciation Amortization Depreciation Amortization Depreciation Amortization Depreciation Amortization
QxH $ 24  61  29  70  50  120  58  138 
QVC-International 14  3  14  3  28  6  28  6 
Consolidated QVC $ 38  64  43  73  78  126  86  144 
Schedule of Capital Expenditures and Total Assets by Segment
June 30, 2021
(in millions) Total
assets		 Capital
expenditures		 Property and equipment, net
QxH $ 13,958  81  722 
QVC-International 2,315  13  370 
Consolidated QVC $ 16,273  94  1,092 
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) 2021 2020 2021 2020
Adjusted OIBDA $ 535  507  1,027  897 
Stock-based compensation (11) (10) (20) (16)
Depreciation and amortization (102) (116) (204) (230)
Operating income 422  381  803  651 
Equity in losses of investee —  (1) —  (2)
Losses on financial instruments (4) —  (3) (4)
Interest expense, net (65) (64) (128) (129)
Foreign currency (loss) gain (2) 1  (4) 2 
Other income 2  —  8  — 
Income before income taxes $ 353  317  676  518