Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.1.9
Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net revenue $ 8,801us-gaap_SalesRevenueNet $ 8,623us-gaap_SalesRevenueNet $ 8,516us-gaap_SalesRevenueNet
Cost of goods sold 5,547us-gaap_CostOfGoodsSold 5,465us-gaap_CostOfGoodsSold 5,419us-gaap_CostOfGoodsSold
Gross profit 3,254us-gaap_GrossProfit 3,158us-gaap_GrossProfit 3,097us-gaap_GrossProfit
Operating expenses:      
Operating 753us-gaap_OperatingCostsAndExpenses 740us-gaap_OperatingCostsAndExpenses 715us-gaap_OperatingCostsAndExpenses
Selling, general and administrative, including stock-based compensation 635us-gaap_SellingGeneralAndAdministrativeExpense 615us-gaap_SellingGeneralAndAdministrativeExpense 588us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation 135us-gaap_Depreciation 127us-gaap_Depreciation 126us-gaap_Depreciation
Amortization 452us-gaap_AmortizationOfIntangibleAssets 431us-gaap_AmortizationOfIntangibleAssets 400us-gaap_AmortizationOfIntangibleAssets
Operating expenses 1,975us-gaap_OperatingExpenses 1,913us-gaap_OperatingExpenses 1,829us-gaap_OperatingExpenses
Operating income 1,279us-gaap_OperatingIncomeLoss 1,245us-gaap_OperatingIncomeLoss 1,268us-gaap_OperatingIncomeLoss
Other (expense) income:      
Equity in losses of investee (8)us-gaap_IncomeLossFromEquityMethodInvestments (4)us-gaap_IncomeLossFromEquityMethodInvestments (4)us-gaap_IncomeLossFromEquityMethodInvestments
Gains on financial instruments 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax 15us-gaap_GainLossOnDerivativeInstrumentsNetPretax 48us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Interest expense, net (239)us-gaap_InterestIncomeExpenseNet (214)us-gaap_InterestIncomeExpenseNet (233)us-gaap_InterestIncomeExpenseNet
Foreign currency gain 3us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 1us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 2us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Loss on extinguishment of debt (48)us-gaap_GainsLossesOnExtinguishmentOfDebt (57)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Nonoperating (expense) income (292)us-gaap_NonoperatingIncomeExpense (259)us-gaap_NonoperatingIncomeExpense (187)us-gaap_NonoperatingIncomeExpense
Income before income taxes 987us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 986us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,081us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (354)us-gaap_IncomeTaxExpenseBenefit (353)us-gaap_IncomeTaxExpenseBenefit (394)us-gaap_IncomeTaxExpenseBenefit
Net income 633us-gaap_ProfitLoss 633us-gaap_ProfitLoss 687us-gaap_ProfitLoss
Less net income attributable to the noncontrolling interest (39)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (45)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (63)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to QVC, Inc. stockholder $ 594us-gaap_NetIncomeLoss $ 588us-gaap_NetIncomeLoss $ 624us-gaap_NetIncomeLoss