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
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 416 $ 540
Restricted cash 15 15
Accounts receivable, less allowance for doubtful accounts of $75 million at June 30, 2013 and $74 million at December 31, 2012 702 1,055
Inventories 951 909
Deferred income taxes 159 151
Prepaid expenses 61 53
Total current assets 2,304 2,723
Noncurrent assets:    
Property, plant and equipment, net of accumulated depreciation of $884 million at June 30, 2013 and $866 million at December 31, 2012 1,061 1,131
Cable and satellite television distribution rights, net 679 764
Goodwill 5,170 5,234
Other intangible assets, net 3,421 3,509
Other noncurrent assets 75 77
Total assets 12,710 13,438
Current liabilities:    
Current portion of debt and capital lease obligations 11 12
Accounts payable-trade 444 566
Accrued liabilities 691 955
Total current liabilities 1,146 1,533
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 3,870 3,465
Deferred compensation 14 12
Deferred income taxes 1,347 1,410
Other long-term liabilities 150 184
Total liabilities 6,527 6,604
QVC, Inc. shareholder's equity:    
Common stock, $0.01 par value 0 0
Additional paid-in capital 6,685 6,665
Accumulated deficit (725) (161)
Accumulated other comprehensive income 98 186
Total QVC, Inc. shareholder's equity 6,058 6,690
Noncontrolling interest 125 144
Total equity 6,183 6,834
Total liabilities and equity $ 12,710 $ 13,438