Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.7.0.1
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended March 31,
 
 
2017
 
2016
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,370

336

1,407

326

QVC-International
595

98

606

89

Consolidated QVC
$
1,965

434

2,013

415

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
 
2017
 
2016
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
24

105

17

102

QVC-International
17

11

17

12

Consolidated QVC
$
41

116

34

114

Schedule of Capital Expenditures and Total Assets by Segment

March 31, 2017
 
December 31, 2016
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,293

14

9,595

152

QVC-International
1,955

3

1,950

27

Consolidated QVC
$
11,248

17

11,545

179

Long-lived Assets by Geographic Areas (by Segment)
Long-lived assets, net of accumulated depreciation, by segment were as follows:
(in millions)
March 31, 2017

December 31, 2016

QVC-U.S.
$
574

594

QVC-International
441

437

Consolidated QVC
$
1,015

1,031

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)
2017

2016

Adjusted OIBDA
$
434

415

Stock-based compensation
(6
)
(6
)
Depreciation and amortization
(157
)
(148
)
Equity in losses of investee
(2
)
(1
)
Interest expense, net
(55
)
(53
)
Foreign currency (loss) gain
(2
)
2

Income before income taxes
$
212

209