Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 439 $ 540
Restricted cash 15 15
Accounts receivable, less allowance for doubtful accounts of $75 million at March 31, 2013 and $74 million at December 31, 2012 775 1,055
Inventories 935 909
Deferred income taxes 155 151
Prepaid expenses 50 53
Total current assets 2,369 2,723
Noncurrent assets:    
Property, plant and equipment, net of accumulated depreciation of $857 million at March 31, 2013 and $866 million at December 31, 2012 1,084 1,131
Cable and satellite television distribution rights, net 722 764
Goodwill 5,179 5,234
Other intangible assets, net 3,461 3,509
Other noncurrent assets 83 77
Total assets 12,898 13,438
Current liabilities:    
Current portion of debt and capital lease obligations 11 12
Accounts payable-trade 422 566
Accrued liabilities 754 955
Total current liabilities 1,187 1,533
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 3,585 3,465
Deferred compensation 11 12
Deferred income taxes 1,367 1,410
Other long-term liabilities 158 184
Total liabilities 6,308 6,604
QVC, Inc. shareholder's equity:    
Common stock, $0.01 par value 0 0
Additional paid-in capital 6,676 6,665
Accumulated deficit (312) (161)
Accumulated other comprehensive income 108 186
Total QVC, Inc. shareholder's equity 6,472 6,690
Noncontrolling interest 118 144
Total equity 6,590 6,834
Total liabilities and equity $ 12,898 $ 13,438