Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.2.0.727
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended June 30,
 
 
Six months ended June 30,
 
 
2015
 
2014
 
 
2015
 
2014
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

 
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,406

349

1,352

325

 
2,748

655

2,657

626

QVC-Germany
191

35

227

40

 
403

74

477

79

QVC-Japan
199

37

223

43

 
398

76

457

90

QVC-U.K.
173

35

178

33

 
329

63

343

60

QVC-Italy
29

(1
)
34

(2
)
 
58

(3
)
66

(4
)
QVC-France
—

(6
)
—

—

 
—

(9
)
—

—

Consolidated QVC
$
1,998

449

2,014

439

 
3,936

856

4,000

851

Schedule of Depreciation and Amortization by Segment
 
Three months ended June 30,
 
 
Six months ended June 30,
 
 
2015
 
2014
 
 
2015
 
2014
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

 
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
16

100

14

99

 
32

206

27

192

QVC-Germany
6

8

8

8

 
13

16

16

19

QVC-Japan
5

2

4

2

 
10

4

9

4

QVC-U.K.
5

3

4

3

 
8

6

8

7

QVC-Italy
3

—

3

—

 
5

1

6

1

Consolidated QVC
$
35

113

33

112

 
68

233

66

223

Schedule of Capital Expenditures and Total Assets by Segment
 
June 30, 2015
 
December 31, 2014
 
(in millions)
Total
assets

Capital
expenditures, net

Total
assets

Capital
expenditures, net

QVC-U.S.
$
9,811

60

10,133

141

QVC-Germany
834

3

915

10

QVC-Japan
606

1

644

2

QVC-U.K.
543

4

537

16

QVC-Italy
216

1

245

12

QVC-France
15

10

2

1

Consolidated QVC
$
12,025

79

12,476

182

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
(in millions)
June 30, 2015

December 31, 2014

QVC-U.S.
$
463

463

QVC-Germany
183

209

QVC-Japan
161

176

QVC-U.K.
116

120

QVC-Italy
49

57

QVC-France
10

1

Consolidated QVC
$
982

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 June 30,
 
Six months ended June 30,
 
(in millions)
2015

2014

2015

2014

Adjusted OIBDA
$
449

439

856

851

Stock-based compensation
(7
)
(10
)
(15
)
(18
)
Depreciation and amortization
(148
)
(145
)
(301
)
(289
)
Equity in losses of investee
(3
)
(2
)
(4
)
(3
)
Interest expense, net
(50
)
(60
)
(109
)
(122
)
Foreign currency (loss) gain
(11
)
1

(1
)
—

Loss on extinguishment of debt
(21
)
—

(21
)
—

Income before income taxes
$
209

223

405

419