Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.22.2
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended June 30, Six months ended June 30,
2022 2021 2022 2021
(in millions) Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA
QxH $ 1,754  232  1,989  391  3,438  457  3,925  740 
QVC-International 638  95  791  144  1,308  199  1,565  287 
   Consolidated QVC $ 2,392  327  2,780  535  4,746  656  5,490  1,027 
Schedule of Depreciation and Amortization by Segment
Three months ended June 30, Six months ended June 30,
2022 2021 2022 2021
(in millions) Depreciation Amortization Depreciation Amortization Depreciation Amortization Depreciation Amortization
QxH $ 22  66  24  61  45  137  50  120 
QVC-International 10  4  14  3  22  7  28  6 
Consolidated QVC $ 32  70  38  64  67  144  78  126 
Schedule of Capital Expenditures and Total Assets by Segment
June 30, 2022
(in millions) Total
assets		 Capital
expenditures		 Property and equipment, net
QxH $ 13,238  71  439 
QVC-International 1,990  10  291 
Consolidated QVC $ 15,228  81  730 
Reconciliation of Adjusted OIBDA to Income before Income Taxes
The following table provides a reconciliation of Adjusted OIBDA to operating income and income before income taxes:
Three months ended June 30, Six months ended June 30,
(in millions) 2022 2021 2022 2021
Adjusted OIBDA $ 327  535  656  1,027 
Gain on sale of fixed assets 243  —  243  — 
Fire related costs, net and Rocky Mount inventory losses (see note 13) (16) —  (98) — 
Stock-based compensation (10) (11) (18) (20)
Depreciation and amortization (102) (102) (211) (204)
Operating income 442  422  572  803 
(Losses) gains on financial instruments —  (4) 1  (3)
Interest expense, net (63) (65) (125) (128)
Foreign currency gain (loss) 21  (2) 29  (4)
Loss on extinguishment of debt (6) —  (6) — 
Other income —  2  20  8 
Income before income taxes $ 394  353  491  676