Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 347us-gaap_CashAndCashEquivalentsAtCarryingValue $ 457us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 12us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 14us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowance for doubtful accounts of $91 million at December 31, 2014 and $83 million at December 31, 2013 1,196us-gaap_AccountsReceivableNetCurrent 1,111us-gaap_AccountsReceivableNetCurrent
Inventories 882us-gaap_InventoryNet 931us-gaap_InventoryNet
Deferred income taxes 210us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 162us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Prepaid expenses 50us-gaap_PrepaidExpenseCurrent 47us-gaap_PrepaidExpenseCurrent
Total current assets 2,697us-gaap_AssetsCurrent 2,722us-gaap_AssetsCurrent
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $884 million at December 31, 2014 and $919 million at December 31, 2013 1,026us-gaap_PropertyPlantAndEquipmentNet 1,106us-gaap_PropertyPlantAndEquipmentNet
Cable and satellite television distribution rights, net 461qvc_CableAndSatelliteTelevisionDistributionRightsNet 624qvc_CableAndSatelliteTelevisionDistributionRightsNet
Goodwill 5,091us-gaap_Goodwill 5,197us-gaap_Goodwill
Other intangible assets, net 3,143us-gaap_IntangibleAssetsNetExcludingGoodwill 3,336us-gaap_IntangibleAssetsNetExcludingGoodwill
Other noncurrent assets 58us-gaap_OtherAssetsNoncurrent 71us-gaap_OtherAssetsNoncurrent
Total assets 12,476us-gaap_Assets 13,056us-gaap_Assets
Current liabilities:    
Current portion of debt and capital lease obligations 9us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 13us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Accounts payable-trade 629us-gaap_AccountsPayableTradeCurrent 494us-gaap_AccountsPayableTradeCurrent
Accrued liabilities 885us-gaap_AccruedLiabilitiesCurrent 960us-gaap_AccruedLiabilitiesCurrent
Total current liabilities 1,523us-gaap_LiabilitiesCurrent 1,467us-gaap_LiabilitiesCurrent
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 4,620us-gaap_LongTermDebtAndCapitalLeaseObligations 3,800us-gaap_LongTermDebtAndCapitalLeaseObligations
Deferred compensation 17us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent 14us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent
Deferred income taxes 1,121us-gaap_DeferredTaxLiabilitiesNoncurrent 1,326us-gaap_DeferredTaxLiabilitiesNoncurrent
Other long-term liabilities 149us-gaap_OtherLiabilitiesNoncurrent 108us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 7,430us-gaap_Liabilities 6,715us-gaap_Liabilities
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0us-gaap_CommonStockValue 0us-gaap_CommonStockValue
Additional paid-in capital 6,787us-gaap_AdditionalPaidInCapital 6,703us-gaap_AdditionalPaidInCapital
Accumulated deficit (1,805)us-gaap_RetainedEarningsAccumulatedDeficit (620)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive (loss) income (39)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 139us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total QVC, Inc. stockholder's equity 4,943us-gaap_StockholdersEquity 6,222us-gaap_StockholdersEquity
Noncontrolling interest 103us-gaap_MinorityInterest 119us-gaap_MinorityInterest
Total equity 5,046us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 6,341us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 12,476us-gaap_LiabilitiesAndStockholdersEquity $ 13,056us-gaap_LiabilitiesAndStockholdersEquity