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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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|
| Net income | $ 124us-gaap_ProfitLoss | $ 122us-gaap_ProfitLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Equity in losses of investee | 1us-gaap_IncomeLossFromEquityMethodInvestments | 1us-gaap_IncomeLossFromEquityMethodInvestments |
| Deferred income taxes | (27)us-gaap_DeferredIncomeTaxExpenseBenefit | (57)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Foreign currency (gain) loss | (10)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | 1us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
| Depreciation | 33us-gaap_Depreciation | 33us-gaap_Depreciation |
| Amortization | 120us-gaap_AmortizationOfIntangibleAssets | 111us-gaap_AmortizationOfIntangibleAssets |
| Noncash interest | 2us-gaap_OtherNoncashIncomeExpense | 2us-gaap_OtherNoncashIncomeExpense |
| Stock-based compensation | 8us-gaap_ShareBasedCompensation | 8us-gaap_ShareBasedCompensation |
| Change in other long-term liabilities | 1us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities | 34us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities |
| Effects of changes in working capital items | 33us-gaap_IncreaseDecreaseInOperatingCapital | 6us-gaap_IncreaseDecreaseInOperatingCapital |
| Net cash provided by operating activities | 285us-gaap_NetCashProvidedByUsedInOperatingActivities | 261us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | ||
| Capital expenditures, net | (31)qvc_CapitalExpendituresNet | (29)qvc_CapitalExpendituresNet |
| Expenditures for cable and satellite television distribution rights, net | (44)qvc_PaymentsForCableAndSatelliteTelevisionDistributionRights | (8)qvc_PaymentsForCableAndSatelliteTelevisionDistributionRights |
| Changes in other noncurrent assets | (3)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets | (2)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets |
| Net cash used in investing activities | (78)us-gaap_NetCashProvidedByUsedInInvestingActivities | (39)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | ||
| Principal payments of debt and capital lease obligations | (412)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations | (1,188)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations |
| Principal borrowings of debt from senior secured credit facility | 351us-gaap_ProceedsFromLongTermLinesOfCredit | 384us-gaap_ProceedsFromLongTermLinesOfCredit |
| Proceeds from issuance of senior secured notes, net of original issue discount | 0us-gaap_ProceedsFromIssuanceOfSecuredDebt | 999us-gaap_ProceedsFromIssuanceOfSecuredDebt |
| Payment of debt origination fees | (3)us-gaap_PaymentsOfDebtIssuanceCosts | (12)us-gaap_PaymentsOfDebtIssuanceCosts |
| Other financing activities | (1)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 7us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Dividends paid to Liberty | (59)us-gaap_CashDividendsPaidToParentCompany | (286)us-gaap_CashDividendsPaidToParentCompany |
| Dividends paid to noncontrolling interest | (20)us-gaap_PaymentsOfDividendsMinorityInterest | (25)us-gaap_PaymentsOfDividendsMinorityInterest |
| Net cash used in financing activities | (144)us-gaap_NetCashProvidedByUsedInFinancingActivities | (121)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of foreign exchange rate changes on cash and cash equivalents | (10)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase in cash and cash equivalents | 53us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 101us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 347us-gaap_CashAndCashEquivalentsAtCarryingValue | 457us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | 400us-gaap_CashAndCashEquivalentsAtCarryingValue | 558us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Effects of changes in working capital items: | ||
| Decrease in accounts receivable | 350us-gaap_IncreaseDecreaseInAccountsReceivable | 256us-gaap_IncreaseDecreaseInAccountsReceivable |
| Increase in inventories | (103)us-gaap_IncreaseDecreaseInInventories | (86)us-gaap_IncreaseDecreaseInInventories |
| Increase in prepaid expenses | (5)us-gaap_IncreaseDecreaseInPrepaidExpense | (6)us-gaap_IncreaseDecreaseInPrepaidExpense |
| (Decrease) increase in accounts payable-trade | (67)us-gaap_IncreaseDecreaseInAccountsPayableTrade | 49us-gaap_IncreaseDecreaseInAccountsPayableTrade |
| Decrease in accrued liabilities and other | (142)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | (207)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
| Effects of changes in working capital items | $ 33us-gaap_IncreaseDecreaseInOperatingCapital | $ 6us-gaap_IncreaseDecreaseInOperatingCapital |
| X | ||||||||||
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- Definition
Cash outflow for purchases of property, plant, and equipment, including intangible assets. No definition available.
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| X | ||||||||||
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- Definition
Cash outflow for for affiliation agreements with cable and satellite television providers for carriage of the company's service, as well as for certain channel placement. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents disclosure of the total aggregate cash dividends paid to the entity by consolidated subsidiaries, by unconsolidated subsidiaries, and by 50% or less owned persons accounted for using the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt and payment of capital lease obligations. No definition available.
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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