Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.5.0.2
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QVC-U.S.
$
1,428

363

1,406

349

2,835

689

2,748

655

QVC-International
635

100

592

100

1,241

189

1,188

201

Consolidated QVC
$
2,063

463

1,998

449

4,076

878

3,936

856

Schedule of Depreciation and Amortization by Segment
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QVC-U.S.
$
16

103

16

100

33

205

32

206

QVC-International
15

12

19

13

32

24

36

27

Consolidated QVC
$
31

115

35

113

65

229

68

233

Schedule of Capital Expenditures and Total Assets by Segment

June 30, 2016
 
December 31, 2015
 
(in millions)
Total
assets

Capital
expenditures

Total
assets

Capital
expenditures

QVC-U.S.
$
9,500

82

9,913

169

QVC-International
2,118

16

2,145

46

Consolidated QVC
$
11,618

98

12,058

215

Long-lived Assets by Geographic Areas (by Segment)
Long-lived assets, net of accumulated depreciation, by segment were as follows:
(in millions)
June 30, 2016

December 31, 2015

QVC-U.S.
$
594

501

QVC-International
501

501

Consolidated QVC
$
1,095

1,002

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 June 30,
 
Six months ended June 30,
 
(in millions)
2016

2015

2016

2015

Adjusted OIBDA
$
463

449

878

856

Stock-based compensation
(10
)
(7
)
(16
)
(15
)
Depreciation and amortization
(146
)
(148
)
(294
)
(301
)
Equity in losses of investee
(1
)
(3
)
(2
)
(4
)
Interest expense, net
(54
)
(50
)
(107
)
(109
)
Foreign currency gain (loss)
20

(11
)
22

(1
)
Loss on extinguishment of debt
—

(21
)
—

(21
)
Income before income taxes
$
272

209

481

405