Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 548 $ 457
Restricted cash 14 14
Accounts receivable, less allowance for doubtful accounts of $85 million at June 30, 2014 and $83 million at December 31, 2013 756 1,111
Inventories 989 931
Deferred income taxes 165 162
Prepaid expenses 57 47
Total current assets 2,529 2,722
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $989 million at June 30, 2014 and $919 million at December 31, 2013 1,076 1,106
Cable and satellite television distribution rights, net 540 624
Goodwill 5,210 5,197
Other intangible assets, net 3,243 3,336
Other noncurrent assets 69 71
Total assets 12,667 13,056
Current liabilities:    
Current portion of debt and capital lease obligations 11 13
Accounts payable-trade 470 494
Accrued liabilities 743 960
Total current liabilities 1,224 1,467
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 3,937 3,800
Deferred compensation 14 14
Deferred income taxes 1,223 1,326
Other long-term liabilities 157 108
Total liabilities 6,555 6,715
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value 0 0
Additional paid-in capital 6,724 6,703
Accumulated deficit (882) (620)
Accumulated other comprehensive income 154 139
Total QVC, Inc. stockholder's equity 5,996 6,222
Noncontrolling interest 116 119
Total equity 6,112 6,341
Total liabilities and equity $ 12,667 $ 13,056