Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 561 $ 543
Restricted cash 8 7
Accounts receivable, less allowance for doubtful accounts of $123 at December 31, 2019 and $112 at December 31, 2018 1,813 1,787
Inventories 1,214 1,280
Prepaid expenses and other current assets 184 216
Total current assets 3,780 3,833
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,338 at December 31, 2019 and $1,281 at December 31, 2018 1,215 1,165
Operating Lease, Right-of-Use Asset 214 0
Television Distribution Rights, Net 140 140
Goodwill 5,971 5,972
Other intangible assets, net 3,498 3,666
Other noncurrent assets 109 80
Total assets 14,927 14,856
Current liabilities:    
Current portion of debt and finance lease obligations 18 421
Accounts payable-trade 913 1,008
Accrued liabilities 1,045 1,026
Total current liabilities 1,976 2,455
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations 5,101 4,699
Deferred income taxes 724 700
Other long-term liabilities 322 173
Total liabilities 8,123 8,027
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 9,208 9,123
Accumulated deficit (2,390) (2,269)
Accumulated other comprehensive loss (144) (144)
Total QVC, Inc. stockholder's equity 6,674 6,710
Noncontrolling interest 130 119
Total equity 6,804 6,829
Total liabilities and equity $ 14,927 $ 14,856