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)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,367

361

1,428

363

2,737

697

2,835

689

QVC-International
612

107

635

100

1,207

205

1,241

189

Consolidated QVC
$
1,979

468

2,063

463

3,944

902

4,076

878

Schedule of Depreciation and Amortization by Segment
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
22

105

16

103

46

210

33

205

QVC-International
15

12

15

12

32

23

32

24

Consolidated QVC
$
37

117

31

115

78

233

65

229

Schedule of Capital Expenditures and Total Assets by Segment

June 30, 2017
 
December 31, 2016
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,136

34

9,595

152

QVC-International
2,010

10

1,950

27

Consolidated QVC
$
11,146

44

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)
June 30, 2017

December 31, 2016

QVC-U.S.
$
558

594

QVC-International
444

437

Consolidated QVC
$
1,002

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 June 30,
 
Six months ended June 30,
 
(in millions)
2017

2016

2017

2016

Adjusted OIBDA
$
468

463

902

878

Stock-based compensation
(8
)
(10
)
(14
)
(16
)
Depreciation and amortization
(154
)
(146
)
(311
)
(294
)
Equity in losses of investee
(1
)
(1
)
(3
)
(2
)
Interest expense, net
(56
)
(54
)
(111
)
(107
)
Foreign currency (loss) gain
(8
)
20

(10
)
22

Income before income taxes
$
241

272

453

481