Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net revenue $ 3,555 $ 2,569 $ 2,556 $ 2,602 $ 2,817 $ 2,010 $ 1,979 $ 1,965 $ 11,282 $ 8,771 $ 8,682
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization                 7,248 5,598 5,540
Operating costs and expenses:                      
Operating                 881 601 606
Selling, General and Administrative, Including Transaction Related Costs and Stock-Based Compensation                 1,200 744  
Selling, General and Administrative Expense                     728
Depreciation                 174 155 142
Amortization                 237 364 463
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)                 30 0 0
Operating expenses                 9,770 7,462 7,479
Operating income 461 305 390 356 458 274 306 271 1,512 1,309 1,203
Other (expense) income:                      
Equity in losses of investee                 (3) (3) (6)
(Losses) gains on financial instruments                 (2) 0 2
Interest expense, net                 (243) (214) (210)
Foreign currency (loss) gain                 0 (6) 38
Loss on extinguishment of debt                 (2) 0 0
Nonoperating expense                 (250) (223) (176)
Income before income taxes                 1,262 1,086 1,027
Income tax expense                 (334) (139) (385)
Net income 291 181 244 212 495 166 151 135 928 947 642
Less net income attributable to the noncontrolling interest                 (46) (46) (38)
Net income attributable to QVC, Inc. stockholder $ 278 $ 170 $ 233 $ 201 $ 482 $ 154 $ 141 $ 124 $ 882 $ 901 $ 604