Annual report pursuant to Section 13 and 15(d)

Information about QVC's Operating Segments (Tables)

v2.4.0.8
Information about QVC's Operating Segments (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Performance measures
 
Years ended December 31,
 
 
2013
 
2012
 
2011
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
5,844

1,352

5,585

1,292

5,412

1,225

QVC-Japan
1,024

212

1,247

279

1,127

241

QVC-Germany
971

173

956

179

1,068

199

QVC-U.K.
657

118

641

104

626

111

QVC-Italy
127

(14
)
87

(26
)
35

(43
)
Consolidated QVC
$
8,623

1,841

8,516

1,828

8,268

1,733

Schedule of Depreciation and Amortization by Segment
 
Years ended December 31,
 
 
2013
 
2012
 
2011
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
55

362

51

338

52

376

QVC-Japan
23

9

16

10

29

12

QVC-Germany
30

38

31

33

33

36

QVC-U.K.
12

14

21

12

13

11

QVC-Italy
7

8

7

7

8

4

Consolidated QVC
$
127

431

126

400

135

439

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

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
10,322

123

10,541

88

QVC-Japan
732

16

969

105

QVC-Germany
1,109

28

1,064

25

QVC-U.K.
613

16

619

22

QVC-Italy
280

28

245

6

Consolidated QVC
$
13,056

211

13,438

246

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
 
December 31,
 
(in millions)
2013

2012

QVC-U.S.
$
448

429

QVC-Japan
220

280

QVC-Germany
244

247

QVC-U.K.
129

128

QVC-Italy
65

47

Consolidated QVC
$
1,106

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:
 
Years ended December 31,
 
(in millions)
2013

2012

2011

Adjusted OIBDA
$
1,841

1,828

1,733

Stock‑based compensation
(38
)
(34
)
(22
)
Depreciation and amortization
(558
)
(526
)
(574
)
Equity in losses of investee
(4
)
(4
)
(2
)
Gains on financial instruments
15

48

50

Interest expense, net
(214
)
(233
)
(229
)
Foreign currency gain (loss)
1

2

(2
)
Loss on extinguishment of debt
(57
)


Income before income taxes
$
986

1,081

954