Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v2.4.0.8
Information about QVC's Operating Segments (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Performance measures
 
Three months ended September 30,
 
 
Nine months ended September 30,
 
 
2014
 
2013
 
 
2014
 
2013
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

 
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,368

329

1,303

304

 
4,025

955

3,912

915

QVC-Japan
216

41

236

46

 
673

131

752

157

QVC-Germany
229

42

224

37

 
706

121

681

115

QVC-U.K.
173

31

156

26

 
516

91

449

71

QVC-Italy
34

(1
)
28

(5
)
 
100

(5
)
88

(12
)
QVC-France

(3
)


 

(3
)


Consolidated QVC
$
2,020

439

1,947

408

 
6,020

1,290

5,882

1,246

Schedule of Depreciation and Amortization by Segment
 
Three months ended September 30,
 
 
Nine months ended September 30,
 
 
2014
 
2013
 
 
2014
 
2013
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

 
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
14

98

14

90

 
41

290

41

269

QVC-Japan
5

3

5

2

 
14

7

13

6

QVC-Germany
8

9

6

12

 
24

28

22

30

QVC-U.K.
5

3

(1
)
6

 
13

10

8

12

QVC-Italy
2


2

3

 
8

1

5

7

Consolidated QVC
$
34

113

26

113

 
100

336

89

324

Schedule of Capital Expenditures and Total Assets by Segment
 
Nine months ended September 30,
 
Year ended December 31,
 
 
2014
 
2013
 
(in millions)
Total
assets

Capital
expenditures, net

Total
assets

Capital
expenditures, net

QVC-U.S.
$
10,001

73

10,322

123

QVC-Japan
681


732

16

QVC-Germany
1,042

6

1,109

28

QVC-U.K.
629

9

613

16

QVC-Italy
251

10

280

28

QVC-France
1




Consolidated QVC
$
12,605

98

13,056

211

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
 
September 30,

December 31,

(in millions)
2014

2013

QVC-U.S.
$
438

448

QVC-Japan
197

220

QVC-Germany
211

244

QVC-U.K.
122

129

QVC-Italy
61

65

Consolidated QVC
$
1,029

1,106

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 September 30,
 
Nine months ended September 30,
 
(in millions)
2014

2013

2014

2013

Adjusted OIBDA
$
439

408

1,290

1,246

Stock‑based compensation
(16
)
(10
)
(34
)
(29
)
Depreciation and amortization
(147
)
(139
)
(436
)
(413
)
Equity in losses of investee
(2
)
(2
)
(5
)
(3
)
Gains on financial instruments



15

Interest expense, net
(60
)
(52
)
(182
)
(165
)
Foreign currency gain (loss)
2

(1
)
2

(2
)
Loss on extinguishment of debt
(48
)

(48
)
(57
)
Income before income taxes
$
168

204

587

592