Annual report pursuant to Section 13 and 15(d)

Information about QVC's Operating Segments (Tables)

v2.4.1.9
Information about QVC's Operating Segments (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Years ended December 31,
 
 
2014
 
2013
 
2012
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
6,055

1,429

5,844

1,352

5,585

1,292

QVC-Germany
970

174

971

173

956

179

QVC-Japan
908

176

1,024

212

1,247

279

QVC-U.K.
730

141

657

118

641

104

QVC-Italy
138

(4
)
127

(14
)
87

(26
)
QVC-France

(6
)




Consolidated QVC
$
8,801

1,910

8,623

1,841

8,516

1,828

Schedule of Depreciation and Amortization by Segment
 
Years ended December 31,
 
 
2014
 
2013
 
2012
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
56

391

55

362

51

338

QVC-Germany
33

36

30

38

31

33

QVC-Japan
19

9

23

9

16

10

QVC-U.K.
16

14

12

14

21

12

QVC-Italy
11

2

7

8

7

7

QVC-France






Consolidated QVC
$
135

452

127

431

126

400

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

Capital
expenditures, net

Total
assets

Capital
expenditures, net

QVC-U.S.
$
10,133

141

10,322

123

QVC-Germany
915

10

1,109

28

QVC-Japan
644

2

732

16

QVC-U.K.
537

16

613

16

QVC-Italy
245

12

280

28

QVC-France
2

1



Consolidated QVC
$
12,476

182

13,056

211

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
 
December 31,
 
(in millions)
2014

2013

QVC-U.S.
$
463

448

QVC-Germany
209

244

QVC-Japan
176

220

QVC-U.K.
120

129

QVC-Italy
57

65

QVC-France
1


Consolidated QVC
$
1,026

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:
 
Years ended December 31,
 
(in millions)
2014

2013

2012

Adjusted OIBDA
$
1,910

1,841

1,828

Stock-based compensation
(44
)
(38
)
(34
)
Depreciation and amortization
(587
)
(558
)
(526
)
Equity in losses of investee
(8
)
(4
)
(4
)
Gains on financial instruments

15

48

Interest expense, net
(239
)
(214
)
(233
)
Foreign currency gain
3

1

2

Loss on extinguishment of debt
(48
)
(57
)

Income before income taxes
$
987

986

1,081