Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 450 $ 543
Restricted cash 8 7
Accounts receivable, less allowance for doubtful accounts of $114 at June 30, 2019 and $112 at December 31, 2018 1,254 1,787
Inventories 1,306 1,280
Prepaid expenses and other current assets 135 216
Total current assets 3,153 3,833
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,348 at June 30, 2019 and $1,281 at December 31, 2018 1,193 1,165
Operating Lease, Right-of-Use Asset 148 0
Television distribution rights, net 199 140
Goodwill 5,976 5,972
Other intangible assets, net 3,661 3,666
Other noncurrent assets 69 80
Total assets 14,399 14,856
Current liabilities:    
Current portion of debt and finance lease obligations 20 421
Accounts payable-trade 702 1,008
Accrued liabilities 857 1,026
Total current liabilities 1,579 2,455
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations 5,072 4,699
Deferred income taxes 690 700
Other long-term liabilities 315 173
Total liabilities 7,656 8,027
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 9,139 9,123
Accumulated deficit (2,373) (2,269)
Accumulated other comprehensive loss (139) (144)
Total QVC, Inc. stockholder's equity 6,627 6,710
Noncontrolling interest 116 119
Total equity 6,743 6,829
Total liabilities and equity $ 14,399 $ 14,856