Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 260 $ 284
Restricted cash 8 10
Accounts receivable, less allowance for doubtful accounts of $91 at December 31, 2017 and $97 at December 31, 2016 1,388 1,246
Inventories 1,019 950
Prepaid expenses and other current assets 51 46
Total current assets 2,726 2,536
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,174 at December 31, 2017 and $1,004 at December 31, 2016 1,005 1,031
Television distribution rights, net 78 183
Goodwill 5,075 4,995
Other intangible assets, net 2,605 2,738
Other noncurrent assets 61 62
Total assets 11,550 11,545
Current liabilities:    
Current portion of debt and capital lease obligations 17 14
Accounts payable-trade 756 678
Accrued liabilities 872 769
Total current liabilities 1,645 1,461
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 5,173 5,275
Deferred income taxes 473 778
Other long-term liabilities 117 136
Total liabilities 7,408 7,650
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 6,897 6,851
Accumulated deficit (2,772) (2,832)
Accumulated other comprehensive loss (93) (224)
Total QVC, Inc. stockholder's equity 4,032 3,795
Noncontrolling interest 110 100
Total equity 4,142 3,895
Total liabilities and equity $ 11,550 $ 11,545