Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v2.4.1.9
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended March 31,
 
 
2015
 
2014
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,342

306

1,305

301

QVC-Germany
212

39

250

39

QVC-Japan
199

39

234

47

QVC-U.K.
156

28

165

27

QVC-Italy
29

(2
)
32

(2
)
QVC-France
—

(3
)
—

—

Consolidated QVC
$
1,938

407

1,986

412

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
 
2015
 
2014
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
16

106

13

94

QVC-Germany
7

8

8

11

QVC-Japan
5

2

5

2

QVC-U.K.
3

3

4

3

QVC-Italy
2

1

3

1

Consolidated QVC
$
33

120

33

111

Schedule of Capital Expenditures and Total Assets by Segment
 
March 31, 2015
 
December 31, 2014
 
(in millions)
Total
assets

Capital
expenditures, net

Total
assets

Capital
expenditures, net

QVC-U.S.
$
9,982

23

10,133

141

QVC-Germany
811

2

915

10

QVC-Japan
589

—

644

2

QVC-U.K.
477

1

537

16

QVC-Italy
214

1

245

12

QVC-France
8

4

2

1

Consolidated QVC
$
12,081

31

12,476

182

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
(in millions)
March 31, 2015

December 31, 2014

QVC-U.S.
$
455

463

QVC-Germany
181

209

QVC-Japan
171

176

QVC-U.K.
111

120

QVC-Italy
50

57

QVC-France
4

1

Consolidated QVC
$
972

1,026

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)
2015

2014

Adjusted OIBDA
$
407

412

Stock-based compensation
(8
)
(8
)
Depreciation and amortization
(153
)
(144
)
Equity in losses of investee
(1
)
(1
)
Interest expense, net
(59
)
(62
)
Foreign currency gain (loss)
10

(1
)
Income before income taxes
$
196

196