Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.3.0.814
Information about QVC's Operating Segments (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended September 30,
 
 
Nine months ended September 30,
 
 
2015
 
2014
 
 
2015
 
2014
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

 
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,420

333

1,368

329

 
4,168

988

4,025

955

QVC-Germany
199

36

229

42

 
602

110

706

121

QVC-Japan
192

35

216

41

 
590

111

673

131

QVC-U.K.
168

33

173

31

 
497

96

516

91

QVC-Italy
28


34

(1
)
 
86

(3
)
100

(5
)
QVC-France

(7
)

(3
)
 

(16
)

(3
)
Consolidated QVC
$
2,007

430

2,020

439

 
5,943

1,286

6,020

1,290

Schedule of Depreciation and Amortization by Segment
 
Three months ended September 30,
 
 
Nine months ended September 30,
 
 
2015
 
2014
 
 
2015
 
2014
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

 
Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
15

97

14

98

 
47

303

41

290

QVC-Germany
7

7

8

9

 
20

23

24

28

QVC-Japan
5

2

5

3

 
15

6

14

7

QVC-U.K.
3

2

5

3

 
11

8

13

10

QVC-Italy
2


2


 
7

1

8

1

QVC-France
1




 
1




Consolidated QVC
$
33

108

34

113

 
101

341

100

336

Schedule of Capital Expenditures and Total Assets by Segment
 
September 30, 2015
 
December 31, 2014
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,925

98

10,133

141

QVC-Germany
851

7

915

10

QVC-Japan
619

2

644

2

QVC-U.K.
500

10

537

16

QVC-Italy
224

2

245

13

QVC-France
28

13

2

1

Consolidated QVC
$
12,147

132

12,476

183

Long-Lived Assets by Segment
Long-lived assets, net of accumulated depreciation, by geographic area were as follows:
(in millions)
September 30, 2015

December 31, 2014

QVC-U.S.
$
479

463

QVC-Germany
180

209

QVC-Japan
161

176

QVC-U.K.
107

120

QVC-Italy
48

57

QVC-France
22

1

Consolidated QVC
$
997

1,026

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)
2015

2014

2015

2014

Adjusted OIBDA
$
430

439

1,286

1,290

Stock-based compensation
(9
)
(16
)
(24
)
(34
)
Depreciation and amortization
(141
)
(147
)
(442
)
(436
)
Equity in losses of investee
(3
)
(2
)
(7
)
(5
)
Interest expense, net
(49
)
(60
)
(158
)
(182
)
Foreign currency gain
12

2

11

2

Loss on extinguishment of debt

(48
)
(21
)
(48
)
Income before income taxes
$
240

168

645

587