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)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended September 30,
 
Nine months ended September 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.
$
1,418

324

1,374

316

4,262

1,005

4,111

1,013

QVC-International
640

93

636

99

1,972

300

1,843

304

Consolidated QVC
$
2,058

417

2,010

415

6,234

1,305

5,954

1,317

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

Amortization

Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
22

40

24

83

68

111

70

293

QVC-International
14

2

14

8

42

8

46

31

Consolidated QVC
$
36

42

38

91

110

119

116

324

Schedule of Capital Expenditures and Total Assets by Segment

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

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,284

83

9,429

116

QVC-International
2,136

42

2,121

36

Consolidated QVC
$
11,420

125

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)
September 30, 2018

December 31, 2017

QVC-U.S.
$
538

559

QVC-International
443

446

Consolidated QVC
$
981

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 September 30,
 
Nine months ended September 30,
 
(in millions)
2018

2017

2018

2017

Adjusted OIBDA
$
417

415

1,305

1,317

Transaction related costs
(28
)
(3
)
(32
)
(3
)
Stock-based compensation
(10
)
(9
)
(30
)
(23
)
Depreciation and amortization
(78
)
(129
)
(229
)
(440
)
Equity in losses of investee
(1
)
—

(2
)
(3
)
Interest expense, net
(57
)
(54
)
(172
)
(165
)
Foreign currency (loss) gain
(1
)
4

—

(6
)
Income before income taxes
$
242

224

840

677