Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net income $ 633,000,000us-gaap_ProfitLoss $ 633,000,000us-gaap_ProfitLoss $ 687,000,000us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in losses of investee 8,000,000us-gaap_IncomeLossFromEquityMethodInvestments 4,000,000us-gaap_IncomeLossFromEquityMethodInvestments 4,000,000us-gaap_IncomeLossFromEquityMethodInvestments
Deferred income taxes (202,000,000)us-gaap_DeferredIncomeTaxExpenseBenefit (108,000,000)us-gaap_DeferredIncomeTaxExpenseBenefit (134,000,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Foreign currency gain (3,000,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (1,000,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (2,000,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Depreciation 135,000,000us-gaap_Depreciation 127,000,000us-gaap_Depreciation 126,000,000us-gaap_Depreciation
Amortization 452,000,000us-gaap_AmortizationOfIntangibleAssets 431,000,000us-gaap_AmortizationOfIntangibleAssets 400,000,000us-gaap_AmortizationOfIntangibleAssets
Change in fair value of financial instruments and noncash interest 9,000,000qvc_Changeinfairvalueoffinancialinstrumentsandnoncashinterest (6,000,000)qvc_Changeinfairvalueoffinancialinstrumentsandnoncashinterest (39,000,000)qvc_Changeinfairvalueoffinancialinstrumentsandnoncashinterest
Loss on extinguishment of debt 48,000,000us-gaap_GainsLossesOnExtinguishmentOfDebt 57,000,000us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Stock-based compensation 44,000,000us-gaap_ShareBasedCompensation 38,000,000us-gaap_ShareBasedCompensation 34,000,000us-gaap_ShareBasedCompensation
Change in other long-term liabilities 47,000,000us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 3,000,000us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 2,000,000us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Effects of changes in working capital items 42,000,000us-gaap_IncreaseDecreaseInOperatingCapital (205,000,000)us-gaap_IncreaseDecreaseInOperatingCapital 128,000,000us-gaap_IncreaseDecreaseInOperatingCapital
Net cash provided by operating activities 1,213,000,000us-gaap_NetCashProvidedByUsedInOperatingActivities 973,000,000us-gaap_NetCashProvidedByUsedInOperatingActivities 1,206,000,000us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities:      
Capital expenditures, net (182,000,000)qvc_CapitalExpendituresNet (211,000,000)qvc_CapitalExpendituresNet (246,000,000)qvc_CapitalExpendituresNet
Expenditures for cable and satellite television distribution rights, net (31,000,000)qvc_PaymentsForCableAndSatelliteTelevisionDistributionRights (58,000,000)qvc_PaymentsForCableAndSatelliteTelevisionDistributionRights (2,000,000)qvc_PaymentsForCableAndSatelliteTelevisionDistributionRights
Cash paid for joint ventures and acquisitions of businesses, net of cash received 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (95,000,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Decreases in restricted cash 2,000,000us-gaap_IncreaseDecreaseInRestrictedCash 1,000,000us-gaap_IncreaseDecreaseInRestrictedCash 2,000,000us-gaap_IncreaseDecreaseInRestrictedCash
Changes in other noncurrent assets 0us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (2,000,000)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (3,000,000)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Net cash used in investing activities (211,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (270,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (344,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities:      
Principal payments of debt and capital lease obligations (3,049,000,000)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (2,387,000,000)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (1,246,000,000)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Principal borrowings of debt from senior secured credit facility 1,852,000,000us-gaap_ProceedsFromLongTermLinesOfCredit 1,674,000,000us-gaap_ProceedsFromLongTermLinesOfCredit 1,717,000,000us-gaap_ProceedsFromLongTermLinesOfCredit
Proceeds from issuance of senior secured notes, net of original issue discount 1,997,000,000us-gaap_ProceedsFromIssuanceOfSecuredDebt 1,050,000,000us-gaap_ProceedsFromIssuanceOfSecuredDebt 500,000,000us-gaap_ProceedsFromIssuanceOfSecuredDebt
Payment of debt origination fees (24,000,000)us-gaap_PaymentsOfDebtIssuanceCosts (16,000,000)us-gaap_PaymentsOfDebtIssuanceCosts (7,000,000)us-gaap_PaymentsOfDebtIssuanceCosts
Payment of bond premium fees (32,000,000)qvc_PaymentOfBondPremiumFees (46,000,000)qvc_PaymentOfBondPremiumFees 0qvc_PaymentOfBondPremiumFees
Other financing activities (3,000,000)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 12,000,000us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 20,000,000us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Dividends paid to Liberty (1,765,000,000)us-gaap_CashDividendsPaidToParentCompany (1,005,000,000)us-gaap_CashDividendsPaidToParentCompany (1,817,000,000)us-gaap_CashDividendsPaidToParentCompany
Dividends paid to noncontrolling interest (42,000,000)us-gaap_PaymentsOfDividendsMinorityInterest (45,000,000)us-gaap_PaymentsOfDividendsMinorityInterest (29,000,000)us-gaap_PaymentsOfDividendsMinorityInterest
Net cash used in financing activities (1,066,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivities (763,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivities (862,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange rate changes on cash and cash equivalents (46,000,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (23,000,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (20,000,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (110,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (83,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (20,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 457,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue 540,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue 560,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 347,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue 457,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue 540,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Effects of changes in working capital items:      
Increase in accounts receivable (96,000,000)us-gaap_IncreaseDecreaseInAccountsReceivable (63,000,000)us-gaap_IncreaseDecreaseInAccountsReceivable (50,000,000)us-gaap_IncreaseDecreaseInAccountsReceivable
Decrease (increase) in inventories 20,000,000us-gaap_IncreaseDecreaseInInventories (14,000,000)us-gaap_IncreaseDecreaseInInventories 2,000,000us-gaap_IncreaseDecreaseInInventories
(Increase) decrease in prepaid expenses (1,000,000)us-gaap_IncreaseDecreaseInPrepaidExpense (1,000,000)us-gaap_IncreaseDecreaseInPrepaidExpense 3,000,000us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (decrease) in accounts payable-trade 172,000,000us-gaap_IncreaseDecreaseInAccountsPayableTrade (121,000,000)us-gaap_IncreaseDecreaseInAccountsPayableTrade 74,000,000us-gaap_IncreaseDecreaseInAccountsPayableTrade
(Decrease) increase in accrued liabilities and other (53,000,000)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (6,000,000)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 99,000,000us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Effects of changes in working capital items 42,000,000us-gaap_IncreaseDecreaseInOperatingCapital (205,000,000)us-gaap_IncreaseDecreaseInOperatingCapital 128,000,000us-gaap_IncreaseDecreaseInOperatingCapital
Supplemental cash flow information:      
Cash paid for taxes-to Liberty 375,000,000qvc_RelatedPartyTransactionDividends 385,000,000qvc_RelatedPartyTransactionDividends 338,000,000qvc_RelatedPartyTransactionDividends
Cash paid for taxes-other 98,000,000us-gaap_IncomeTaxesPaidNet (156,000,000)us-gaap_IncomeTaxesPaidNet 128,000,000us-gaap_IncomeTaxesPaidNet
Cash paid for interest $ 211,000,000us-gaap_InterestPaid $ 206,000,000us-gaap_InterestPaid $ 215,000,000us-gaap_InterestPaid