Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.8.0.1
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended March 31,
 
 
2018
 
2017
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,417

326

1,370

336

QVC-International
676

107

595

98

Consolidated QVC
$
2,093

433

1,965

434

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
 
2018
 
2017
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
23

36

24

105

QVC-International
15

3

17

11

Consolidated QVC
$
38

39

41

116

Schedule of Capital Expenditures and Total Assets by Segment

March 31, 2018
 
December 31, 2017
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,253

21

9,429

116

QVC-International
2,231

15

2,121

36

Consolidated QVC
$
11,484

36

11,550

152

Property and equipment, net by Segment
Property and equipment, net of accumulated depreciation, by segment were as follows:
(in millions)
March 31, 2018

December 31, 2017

QVC-U.S.
$
543

559

QVC-International
481

446

Consolidated QVC
$
1,024

1,005

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)
2018

2017

Adjusted OIBDA
$
433

434

Transaction related costs
(4
)
—

Stock-based compensation
(9
)
(6
)
Depreciation and amortization
(77
)
(157
)
Equity in income (losses) of investee
1

(2
)
Interest expense, net
(57
)
(55
)
Foreign currency loss
(1
)
(2
)
Income before income taxes
$
286

212