Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.5.0.2
Information about QVC's Operating Segments (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,338

308

1,420

333

4,173

997

4,168

988

QVC-International
610

85

587

97

1,851

274

1,775

298

Consolidated QVC
$
1,948

393

2,007

430

6,024

1,271

5,943

1,286

Schedule of Depreciation and Amortization by Segment
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
22

103

15

97

55

308

47

303

QVC-International
16

13

18

11

48

37

54

38

Consolidated QVC
$
38

116

33

108

103

345

101

341

Schedule of Capital Expenditures and Total Assets by Segment

September 30, 2016
 
December 31, 2015
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,391

120

9,913

169

QVC-International
2,147

20

2,145

46

Consolidated QVC
$
11,538

140

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)
September 30, 2016

December 31, 2015

QVC-U.S.
$
597

501

QVC-International
490

501

Consolidated QVC
$
1,087

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 September 30,
 
Nine months ended September 30,
 
(in millions)
2016

2015

2016

2015

Adjusted OIBDA
$
393

430

1,271

1,286

Stock-based compensation
(8
)
(9
)
(24
)
(24
)
Depreciation and amortization
(154
)
(141
)
(448
)
(442
)
Equity in losses of investee
(2
)
(3
)
(4
)
(7
)
Interest expense, net
(52
)
(49
)
(159
)
(158
)
Foreign currency gain
5

12

27

11

Loss on extinguishment of debt



(21
)
Income before income taxes
$
182

240

663

645