Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 335 $ 327
Restricted cash 11 11
Accounts receivable, less allowance for doubtful accounts of $97 at June 30, 2016 and $86 at December 31, 2015 849 1,370
Inventories 1,022 929
Prepaid expenses 62 42
Total current assets 2,279 2,679
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,011 at June 30, 2016 and $941 at December 31, 2015 1,095 1,002
Cable and satellite television distribution rights, net 249 339
Goodwill 5,066 5,035
Other intangible assets, net 2,846 2,936
Other noncurrent assets 83 67
Total assets 11,618 12,058
Current liabilities:    
Current portion of debt and capital lease obligations 10 9
Accounts payable-trade 544 658
Accrued liabilities 662 872
Total current liabilities 1,216 1,539
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 5,258 5,393
Deferred compensation 11 13
Deferred income taxes 781 827
Other long-term liabilities 245 168
Total liabilities 7,511 7,940
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 6,841 6,827
Accumulated deficit (2,731) (2,669)
Accumulated other comprehensive loss (117) (140)
Total QVC, Inc. stockholder's equity 3,993 4,018
Noncontrolling interest 114 100
Total equity 4,107 4,118
Total liabilities and equity $ 11,618 $ 12,058