Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.10.0.1
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,427

355

1,367

361

2,844

681

2,737

697

QVC-International
656

100

612

107

1,332

207

1,207

205

Consolidated QVC
$
2,083

455

1,979

468

4,176

888

3,944

902

Schedule of Depreciation and Amortization by Segment
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
23

35

22

105

46

71

46

210

QVC-International
13

3

15

12

28

6

32

23

Consolidated QVC
$
36

38

37

117

74

77

78

233

Schedule of Capital Expenditures and Total Assets by Segment

June 30, 2018
 
December 31, 2017
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,191

42

9,429

116

QVC-International
2,148

26

2,121

36

Consolidated QVC
$
11,339

68

11,550

152

Long-lived Assets by Geographic Areas (by Segment)
Property and equipment, net of accumulated depreciation, by segment were as follows:
(in millions)
June 30, 2018

December 31, 2017

QVC-U.S.
$
528

559

QVC-International
451

446

Consolidated QVC
$
979

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 June 30,
 
Six months ended June 30,
 
(in millions)
2018

2017

2018

2017

Adjusted OIBDA
$
455

468

888

902

Transaction related costs
—

—

(4
)
—

Stock-based compensation
(11
)
(8
)
(20
)
(14
)
Depreciation and amortization
(74
)
(154
)
(151
)
(311
)
Equity in losses of investee
(2
)
(1
)
(1
)
(3
)
Interest expense, net
(58
)
(56
)
(115
)
(111
)
Foreign currency gain (loss)
2

(8
)
1

(10
)
Income before income taxes
$
312

241

598

453