Qurate Retail, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

3 Months Ended

Mar. 31, 2019


	Three months ended
	March 31, 2019
	in millions
Operating lease cost	$	17
Finance lease cost
Depreciation of leased assets	$	5
Interest on lease liabilities	$	2
Total finance lease cost	$	7


	Three months ended
	March 31, 2019
Weighted-average remaining lease term (years):
Finance leases		9.5
Operating leases		12.2
Weighted-average discount rate:
Finance leases		4.9%
Operating leases		6.1%

Supplemental balance sheet information related to leases was as follows:


	March 31,
	2019
	in millions
Operating leases:
Operating lease ROU assets (1)	$	343

Current operating lease liabilities (2)	$	52
Operating lease liabilities (3)		317
Total operating lease liabilities	$	369

Finance Leases:
Finance lease ROU assets (4)	$	280
Finance lease ROU asset accumulated depreciation (4)		(125)
Finance lease ROU assets, net	$	155
Current finance lease liabilities (2)	$	20
Finance lease liabilities (3)		162
Total finance lease liabilities	$	182

(1)

Included within the Other assets, at cost, net of accumulated amortization line item on the condensed consolidated balance sheets.

(2)

Included within the Other current liabilities line item on the condensed consolidated balance sheets.

(3)

Included within the Other liabilities line item on the condensed consolidated balance sheets.

(4)

Included within the Property and equipment, net line item on the condensed consolidated balance sheets.

Supplemental cash flow information related to leases was as follows:


	Three months ended
	March 31, 2019
	in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15
Operating cash flows from finance leases	$	2
Financing cash flows from finance leases	$	5
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	68
Finance leases	$	—