Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 543 $ 282
Restricted cash 7 8
Accounts receivable, less allowance for doubtful accounts of $112 at December 31, 2018 and $91 at December 31, 2017 1,787 1,680
Inventories 1,280 1,204
Prepaid expenses and other current assets 216 71
Total current assets 3,833 3,245
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,281 at December 31, 2018 and $1,174 at December 31, 2017 1,165 1,170
Television Distribution Rights, Net 140 78
Goodwill 5,972 5,979
Other intangible assets, net 3,666 3,770
Other noncurrent assets 80 77
Total assets 14,856 14,319
Current liabilities:    
Current portion of debt and capital lease obligations 421 17
Accounts payable-trade 1,008 958
Accrued liabilities 1,026 1,057
Total current liabilities 2,455 2,032
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 4,699 5,633
Deferred income taxes 700 730
Other long-term liabilities 173 128
Total liabilities 8,027 8,523
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 9,123 8,576
Accumulated deficit (2,269) (2,797)
Accumulated other comprehensive loss (144) (93)
Total QVC, Inc. stockholder's equity 6,710 5,686
Noncontrolling interest 119 110
Total equity 6,829 5,796
Total liabilities and equity $ 14,856 $ 14,319