Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v2.4.0.8
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Performance measures
 
Three months ended March 31,
 
Three months ended March 31,
 
 
2014
 
2013
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,305

301

1,297

291

QVC-Japan
234

47

256

54

QVC-Germany
250

39

250

43

QVC-U.K.
165

27

140

19

QVC-Italy
32

(2
)
31

(3
)
Consolidated QVC
$
1,986

412

1,974

404

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
Three months ended March 31,
 
 
2014
 
2013
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
13

94

13

88

QVC-Japan
5

2

3

2

QVC-Germany
8

11

8

9

QVC-U.K.
4

3

4

3

QVC-Italy
3

1

2

2

Consolidated QVC
$
33

111

30

104

Schedule of Capital Expenditures and Total Assets by Segment
 
March 31,
 
December 31,
 
 
2014
 
2013
 
(in millions)
Total
assets

Capital
expenditures, net

Total
assets

Capital
expenditures, net

QVC-U.S.
$
10,136

16

10,322

123

QVC-Japan
741

(2
)
732

16

QVC-Germany
1,137

4

1,109

28

QVC-U.K.
624

2

613

16

QVC-Italy
282

9

280

28

Consolidated QVC
$
12,920

29

13,056

211

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
 
March 31,

December 31,

(in millions)
2014

2013

QVC-U.S.
$
439

448

QVC-Japan
219

220

QVC-Germany
240

244

QVC-U.K.
127

129

QVC-Italy
71

65

Consolidated QVC
$
1,096

1,106

Reconciliation of Adjusted OIBDA to Income before Income Taxes
The following table provides a reconciliation of Adjusted OIBDA to income before income taxes:
 
Three months ended March 31,
 
(in millions)
2014

2013

Adjusted OIBDA
$
412

404

Stock‑based compensation
(8
)
(10
)
Depreciation and amortization
(144
)
(134
)
Equity in (losses) earnings of investee
(1
)
1

Gains on financial instruments
—

12

Interest expense, net
(62
)
(63
)
Foreign currency loss
(1
)
(1
)
Loss on extinguishment of debt
—

(41
)
Income before income taxes
$
196

168