Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v2.4.0.6
Information about QVC's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Performance measures
 
Three months ended March 31,
 
Three months ended March 31,
 
 
2013
 
2012
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,297

291

1,240

270

QVC-Japan
256

54

289

63

QVC-Germany
250

43

247

46

QVC-U.K.
140

19

140

20

QVC-Italy
31

(3
)
16

(9
)
Consolidated QVC
$
1,974

404

1,932

390

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
Three months ended March 31,
 
 
2013
 
2012
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
13

88

13

80

QVC-Japan
3

2

4

3

QVC-Germany
8

9

9

8

QVC-U.K.
4

3

3

3

QVC-Italy
2

2

2

2

Consolidated QVC
$
30

104

31

96

Schedule of Capital Expenditures and Total Assets by Segment
 
March 31,
 
December 31,
 
 
2013
 
2012
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
10,216

14

10,541

88

QVC-Japan
819

11

969

105

QVC-Germany
1,043

5

1,064

25

QVC-U.K.
581

2

619

22

QVC-Italy
239

1

245

6

Consolidated QVC
$
12,898

33

13,438

246

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
 
March 31,

December 31,

(in millions)
2013

2012

QVC-U.S.
$
422

429

QVC-Japan
264

280

QVC-Germany
235

247

QVC-U.K.
119

128

QVC-Italy
44

47

Consolidated QVC
$
1,084

1,131

Reconciliation of Adjusted OIBDA to Income before Income Taxes
The following table provides a reconciliation of Adjusted OIBDA to income before income taxes:
 
Three months ended March 31,
 
(in millions)
2013

2012

Adjusted OIBDA
$
404

390

Stock‑based compensation
(10
)
(5
)
Depreciation and amortization
(134
)
(127
)
Equity in earnings of investee
1


Gain on financial instruments
12

11

Interest expense
(63
)
(55
)
Interest income

1

Foreign currency (loss) gain
(1
)
6

Loss on extinguishment of debt
(41
)

Income before income taxes
$
168

221