Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 682 $ 561
Restricted cash 8 8
Accounts Receivable, after Allowance for Credit Loss, Current 1,602 1,813
Inventories 1,119 1,214
Prepaid expenses and other current assets 293 184
Total current assets 3,704 3,780
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,544 at December 31, 2020 and $1,338 at December 31, 2019 (note 4) 1,178 1,215
Operating Lease, Right-of-Use Asset 221 214
Television Distribution Rights, Net 63 140
Goodwill (note 6) 6,034 5,971
Other intangible assets, net (note 6) 3,454 3,498
Notes Receivable, Related Parties, Noncurrent 1,825 0
Other noncurrent assets 79 109
Total assets 16,558 14,927
Current liabilities:    
Current portion of debt and finance lease obligations (note 8) 410 18
Accounts payable-trade 1,127 913
Accrued liabilities (note 7) 1,302 1,045
Total current liabilities 2,839 1,976
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations 4,549 5,101
Deferred Income Tax Liabilities, Net 711 724
Other long-term liabilities 324 322
Total liabilities 8,423 8,123
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 10,741 9,208
Accumulated deficit (2,722) (2,390)
Accumulated other comprehensive loss (note 17) (17) (144)
Total QVC, Inc. stockholder's equity 8,002 6,674
Noncontrolling interest 133 130
Total equity 8,135 6,804
Total liabilities and equity $ 16,558 $ 14,927