Information about QVC's Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2015 |
|---|
| Segment Reporting [Abstract] |
|
| Schedule of Revenue and Adjusted OIBDA by Segment |
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Years ended December 31, |
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|
2015 |
|
2014 |
|
2013 |
|
(in millions) |
Net
revenue |
|
Adjusted
OIBDA |
|
Net
revenue |
|
Adjusted
OIBDA |
|
Net
revenue |
|
Adjusted
OIBDA |
|
QVC-U.S. |
$ |
6,257 |
|
1,467 |
|
6,055 |
|
1,429 |
|
5,844 |
|
1,352 |
|
QVC-International |
2,486 |
|
427 |
|
2,746 |
|
481 |
|
2,779 |
|
489 |
|
Consolidated QVC |
$ |
8,743 |
|
1,894 |
|
8,801 |
|
1,910 |
|
8,623 |
|
1,841 |
|
|
| Schedule of Depreciation and Amortization by Segment |
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Years ended December 31, |
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2015 |
|
2014 |
|
2013 |
|
(in millions) |
Depreciation |
|
Amortization |
|
Depreciation |
|
Amortization |
|
Depreciation |
|
Amortization |
|
QVC-U.S. |
$ |
63 |
|
404 |
|
56 |
|
391 |
|
55 |
|
362 |
|
QVC-International |
71 |
|
50 |
|
79 |
|
61 |
|
72 |
|
69 |
|
Consolidated QVC |
$ |
134 |
|
454 |
|
135 |
|
452 |
|
127 |
|
431 |
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| Schedule of Capital Expenditures and Total Assets by Segment |
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Years ended December 31, |
|
|
2015 |
|
2014 |
|
(in millions) |
Total
assets |
|
Capital
expenditures |
|
Total
assets |
|
Capital
expenditures |
|
QVC-U.S. |
$ |
9,913 |
|
169 |
|
9,902 |
|
141 |
|
QVC-International |
2,145 |
|
46 |
|
2,323 |
|
42 |
|
Consolidated QVC |
$ |
12,058 |
|
215 |
|
12,225 |
|
183 |
|
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| Long-Lived Assets by Segment |
Long-lived assets, net of accumulated depreciation, were as follows:
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|
December 31, |
|
(in millions) |
2015 |
|
2014 |
|
QVC-U.S. |
$ |
501 |
|
463 |
|
QVC-International |
501 |
|
563 |
|
Consolidated QVC |
$ |
1,002 |
|
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:
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Years ended December 31, |
|
(in millions) |
2015 |
|
2014 |
|
2013 |
|
Adjusted OIBDA |
$ |
1,894 |
|
1,910 |
|
1,841 |
|
Stock-based compensation |
(31 |
) |
(44 |
) |
(38 |
) |
Depreciation and amortization |
(588 |
) |
(587 |
) |
(558 |
) |
Equity in losses of investee |
(9 |
) |
(8 |
) |
(4 |
) |
Gains on financial instruments |
— |
|
— |
|
15 |
|
Interest expense, net |
(208 |
) |
(239 |
) |
(214 |
) |
Foreign currency gain |
14 |
|
3 |
|
1 |
|
Loss on extinguishment of debt |
(21 |
) |
(48 |
) |
(57 |
) |
Income before income taxes |
$ |
1,051 |
|
987 |
|
986 |
|
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| Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area |
The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:
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Years ended December 31, |
|
(in millions) |
2015 |
|
2014 |
|
2013 |
|
United States |
$ |
6,257 |
|
6,055 |
|
5,844 |
|
Germany |
837 |
|
970 |
|
971 |
|
Japan |
808 |
|
908 |
|
1,024 |
|
United Kingdom |
718 |
|
730 |
|
657 |
|
Other countries |
123 |
|
138 |
|
127 |
|
Consolidated QVC |
$ |
8,743 |
|
8,801 |
|
8,623 |
|
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| Long-lived Assets by Geographic Areas |
The following table summarizes net property and equipment based on physical location:
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December 31, |
|
(in millions) |
2015 |
|
2014 |
|
United States |
$ |
501 |
|
463 |
|
Germany |
172 |
|
209 |
|
Japan |
156 |
|
176 |
|
United Kingdom |
106 |
|
119 |
|
Other countries |
67 |
|
59 |
|
Consolidated QVC |
$ |
1,002 |
|
1,026 |
|
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