Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 284 $ 327
Restricted cash 10 11
Accounts receivable, less allowance for doubtful accounts of $97 at December 31, 2016 and $86 at December 31, 2015 1,246 1,370
Inventories 950 929
Prepaid expenses and other current assets 46 42
Total current assets 2,536 2,679
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,004 at December 31, 2016 and $941 at December 31, 2015 1,031 1,002
Cable and satellite television distribution rights, net 183 339
Goodwill 4,995 5,035
Other intangible assets, net 2,738 2,936
Other noncurrent assets 62 67
Total assets 11,545 12,058
Current liabilities:    
Current portion of debt and capital lease obligations 14 9
Accounts payable-trade 678 658
Accrued liabilities 769 872
Total current liabilities 1,461 1,539
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 5,275 5,393
Deferred income taxes 778 827
Other long-term liabilities 136 181
Total liabilities 7,650 7,940
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 6,851 6,827
Accumulated deficit (2,832) (2,669)
Accumulated other comprehensive loss (224) (140)
Total QVC, Inc. stockholder's equity 3,795 4,018
Noncontrolling interest 100 100
Total equity 3,895 4,118
Total liabilities and equity $ 11,545 $ 12,058