Qurate Retail, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

Lease and Transponder Service Agreements (Tables)

6 Months Ended

Jun. 30, 2019

The components of lease cost for the three and six months ended June 30, 2019, were as follows:



	Three months ended		Six months ended
(in millions)	June 30, 2019		June 30, 2019
Finance lease cost
Depreciation of leased assets	$	5	10
Interest on lease liabilities	2		4
Total finance lease cost	7		14
Operating lease cost	8		14
Total lease cost	$	15	28

Weighted average lease term and discount rate [Table Text Block]

The remaining weighted-average lease term and the weighted-average discount rate were as follows:



	June 30, 2019
Weighted-average remaining lease term (years):
Finance leases	9.3
Operating leases	12.1
Weighted-average discount rate:
Finance leases	5.0	%
Operating leases	6.1	%

Leases, Supplemental Balance Sheet Information [Table Text Block]

Supplemental balance sheet information related to leases was as follows:



(in millions)	June 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	148
Accrued liabilities	$	21
Other long-term liabilities	147
Total operating lease liabilities	$	168
Finance Leases:
Property and equipment	$	277
Accumulated depreciation	(128		)
Property and equipment, net	$	149
Current portion of debt and finance lease obligations	$	20
Long-term portion of debt and finance lease obligations	158
Total finance lease liabilities	$	178

Leases, Supplemental Cash Flow Information [Table Text Block]

Supplemental cash flow information related to leases was as follows:



	Six months ended
(in millions)	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease	$	12
Operating cash flows from finance leases	4
Financing cash flows from finance leases	10
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	72
Finance leases	$	—

Future minimum lease payments [Table Text Block]

Future payments under noncancelable operating leases and finance leases with initial terms of one year or more as of June 30, 2019 consisted of the following:



(in millions)	Finance leases			Operating leases		Total leases
Remainder of 2019	$	15		14		29
2020	27			29		56
2021	25			20		45
2022	23			18		41
2023	22			16		38
Thereafter	117			155		272
Total lease payments	229			252		481
Less: imputed interest	(51		)	(84	)	(135	)
Total lease liabilities	$	178		168		346