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)

9 Months Ended

Sep. 30, 2019

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



	Three months ended		Nine months ended
(in millions)	September 30, 2019		September 30, 2019
Finance lease cost
Depreciation of leased assets	$	6	16
Interest on lease liabilities	2		6
Total finance lease cost	8		22
Operating lease cost	8		22
Total lease cost	$	16	44

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:



	September 30, 2019
Weighted-average remaining lease term (years):
Finance leases	9.6
Operating leases	12.7
Weighted-average discount rate:
Finance leases	5.0	%
Operating leases	6.0	%

Leases, Supplemental Balance Sheet Information [Table Text Block]

Supplemental balance sheet information related to leases was as follows:



(in millions)	September 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	218
Accrued liabilities	$	34
Other long-term liabilities	193
Total operating lease liabilities	$	227
Finance Leases:
Property and equipment	$	271
Accumulated depreciation	(130		)
Property and equipment, net	$	141
Current portion of debt and finance lease obligations	$	18
Long-term portion of debt and finance lease obligations	151
Total finance lease liabilities	$	169

Leases, Supplemental Cash Flow Information [Table Text Block]

Supplemental cash flow information related to leases was as follows:



	Nine months ended
(in millions)	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating lease	$	18
Operating cash flows from finance leases	6
Financing cash flows from finance leases	17
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	150
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 September 30, 2019 consisted of the following:



(in millions)	Finance leases			Operating leases		Total leases
Remainder of 2019	$	7		20		27
2020	25			36		61
2021	24			26		50
2022	23			23		46
2023	22			21		43
Thereafter	116			210		326
Total lease payments	217			336		553
Less: imputed interest	(48		)	(109	)	(157	)
Total lease liabilities	$	169		227		396