Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 306 $ 284
Restricted cash 11 10
Accounts receivable, less allowance for doubtful accounts of $89 at June 30, 2017 and $97 at December 31, 2016 839 1,246
Inventories 1,071 950
Prepaid expenses and other current assets 63 46
Total current assets 2,290 2,536
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,109 at June 30, 2017 and $1,004 at December 31, 2016 1,002 1,031
Television distribution rights, net 111 183
Goodwill 5,046 4,995
Other intangible assets, net 2,637 2,738
Other noncurrent assets 60 62
Total assets 11,146 11,545
Current liabilities:    
Current portion of debt and capital lease obligations 16 14
Accounts payable-trade 618 678
Accrued liabilities 639 769
Total current liabilities 1,273 1,461
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 4,975 5,275
Deferred income taxes 743 778
Other long-term liabilities 136 136
Total liabilities 7,127 7,650
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 6,862 6,851
Accumulated deficit (2,800) (2,832)
Accumulated other comprehensive loss (146) (224)
Total QVC, Inc. stockholder's equity 3,916 3,795
Noncontrolling interest 103 100
Total equity 4,019 3,895
Total liabilities and equity $ 11,146 $ 11,545