Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Assets, Current    
Cash and cash equivalents $ 903 $ 825
Trade and other receivables, net 1,726 1,308
Inventory, net 1,411 968
Other current assets 125 68
Total current assets 4,165 3,169
Investments in available-for-sale securities and other cost investments 2,363 1,922
Investments in affiliates, accounted for using the equity method 309 581
Investments in and Advances to Affiliates, at Fair Value 3,635 3,161
Property and equipment, at cost 2,564 2,163
Accumulated depreciation (1,223) (1,032)
Property and equipment, net 1,341 1,131
Intangible assets not subject to amortization:    
Goodwill 7,082 6,052
Indefinite-Lived Trademarks 3,929 3,302
Indefinite Lived Intangible Assets Total 11,011 9,354
Intangible assets subject to amortization, net 1,248 1,005
Other assets 50 32
Total assets 24,122 20,355
Liabilities and Equity    
Accounts payable 1,151 790
Accrued liabilities 1,125 706
Current portion of debt 996 876
Other current liabilities 169 162
Total current liabilities 3,441 2,534
Long-term debt 7,553 7,166
Deferred Tax Liabilities, Net, Noncurrent 2,803 3,636
Other liabilities 242 158
Total liabilities 14,039 13,494
Equity    
Additional paid-in capital 1,043  
Accumulated other comprehensive earnings, net of taxes (133) (266)
Retained earnings 9,068 7,032
Total stockholders' equity 9,984 6,772
Noncontrolling interests in equity of subsidiaries 99 89
Total equity 10,083 6,861
Total liabilities and equity 24,122 20,355
QVC Group Common Stock    
Assets, Current    
Cash and cash equivalents 330 338
Trade and other receivables, net 1,719 1,270
Inventory, net 1,411 968
Other current assets 122 66
Total current assets 3,582 2,642
Investments in available-for-sale securities and other cost investments 3 4
Investments in affiliates, accounted for using the equity method 40 224
Property and equipment, net 1,340 1,131
Intangible assets not subject to amortization:    
Indefinite Lived Intangible Assets Total 10,982 9,325
Intangible assets subject to amortization, net 1,244 1,001
Other assets 46 30
Total assets 17,237 14,357
Liabilities and Equity    
Accounts payable 1,150 789
Accrued liabilities 1,097 684
Current portion of debt 17 14
Other current liabilities 167 160
Total current liabilities 2,482 1,760
Long-term debt 6,686 6,361
Deferred Tax Liabilities, Net, Noncurrent 994 1,116
Other liabilities 147 161
Total liabilities 10,309 9,398
Equity    
Total stockholders' equity 6,819 4,860
Noncontrolling interests in equity of subsidiaries 109 99
Total liabilities and equity 17,237 14,357
QVC Group Common Stock | Common Class A    
Equity    
Common stock value 5 5
Total equity 5 5
Liberty Ventures common stock    
Assets, Current    
Cash and cash equivalents 573 487
Trade and other receivables, net 7 38
Other current assets 3 2
Total current assets 583 527
Investments in available-for-sale securities and other cost investments 2,360 1,918
Investments in affiliates, accounted for using the equity method 269 357
Investments in and Advances to Affiliates, at Fair Value 3,635 3,161
Property and equipment, net 1  
Intangible assets not subject to amortization:    
Indefinite Lived Intangible Assets Total 29 29
Intangible assets subject to amortization, net 4 4
Other assets 4 2
Total assets 6,885 5,998
Liabilities and Equity    
Accounts payable 1 1
Accrued liabilities 28 22
Current portion of debt 979 862
Other current liabilities 2 2
Total current liabilities 959 774
Long-term debt 867 805
Deferred Tax Liabilities, Net, Noncurrent 1,809 2,520
Other liabilities 95 (3)
Total liabilities 3,730 4,096
Equity    
Total stockholders' equity 3,165 1,912
Noncontrolling interests in equity of subsidiaries (10) (10)
Total liabilities and equity 6,885 5,998
Liberty Ventures common stock | Common Class A    
Equity    
Common stock value 1 1
Total equity $ 1 $ 1