Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.4.0.3
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended March 31,
 
 
2016
 
2015
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,407

326

1,342

306

QVC-International
606

89

596

101

Consolidated QVC
$
2,013

415

1,938

407

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
 
2016
 
2015
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
17

102

16

106

QVC-International
17

12

17

14

Consolidated QVC
$
34

114

33

120

Schedule of Capital Expenditures and Total Assets by Segment

March 31, 2016
 
December 31, 2015
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,710

31

9,913

169

QVC-International
2,123

8

2,145

46

Consolidated QVC
$
11,833

39

12,058

215

Long-lived Assets by Geographic Areas (by Segment)
Long-lived assets, net of accumulated depreciation, by segment were as follows:
(in millions)
March 31, 2016

December 31, 2015

QVC-U.S.
$
558

501

QVC-International
507

501

Consolidated QVC
$
1,065

1,002

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)
2016

2015

Adjusted OIBDA
$
415

407

Stock-based compensation
(6
)
(8
)
Depreciation and amortization
(148
)
(153
)
Equity in losses of investee
(1
)
(1
)
Interest expense, net
(53
)
(59
)
Foreign currency gain
2

10

Income before income taxes
$
209

196