Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Notes)

v3.10.0.1
Quarterly Financial Information (Notes)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information (Unaudited)
 
Year ended December 31, 2018
 
(in millions)
1st Quarter (a)
2nd Quarter (a)
3rd Quarter (a)
4th Quarter
Net revenue
$
2,602

2,556

2,569

3,555

Operating income
$
356

390

305

461

Net income
$
212

244

181

291

Net income attributable to QVC, Inc. stockholder
$
201

233

170

278




Year ended December 31, 2017
 
(in millions)
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter (a)
Net revenue
$
1,965

1,979

2,010

2,817

Operating income
$
271

306

274

458

Net income
$
135

151

166

495

Net income attributable to QVC, Inc. stockholder
$
124

141

154

482


(a) The 4th quarter of the year ended December 31, 2017 and the 1st, 2nd and 3rd quarters of the year ended December 31, 2018, have been retrospectively adjusted as a result of the common control transaction with Qurate Retail on December 31, 2018, in order to combine the financial results of the Company and HSN (see note 1).