Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.10.0.1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In The Carrying Amount Of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and

 

 

 

 

    

QVC

 

HSN

 

zulily

    

Other

    

Total

 

 

 

amounts in millions

 

Balance at January 1, 2018

 

$

5,190

 

933

 

917

 

42

 

7,082

 

Foreign currency translation adjustments

 

 

(12)

 

 —

 

 —

 

 —

 

(12)

 

Disposition (1)

 

 

 —

 

 —

 

 —

 

(25)

 

(25)

 

Other (2)

 

 

 —

 

 7

 

 —

 

 —

 

 7

 

Balance at June 30, 2018

 

$

5,178

 

940

 

917

 

17

 

7,052

 


(1)

As a result of the GCI Liberty Split-Off on March 9, 2018, the Company disposed of its wholly-owned subsidiary Evite, resulting in a $25 million decrease to goodwill.

As discussed in note 3, the preliminary purchase price allocation for the HSNi acquisition was adjusted, resulting in a $7 million increase to goodwill.    

Amortization Expense For The Next Five Fiscal Years

Based on its amortizable intangible assets as of June 30, 2018, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

Remainder of 2018

    

$

196

 

2019

 

$

264

 

2020

 

$

197

 

2021

 

$

141

 

2022

 

$

76