Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Summary of activity in the allowance for doubtful accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

Additions

 

 

 

 

Balance

 

 

 

beginning

 

Charged

 

 

 

 

Deductions-

 

end of

 

 

 

of year

 

to expense

 

Other

 

write-offs

 

year

 

 

 

amounts in millions

 

2017

    

$

99

    

73

    

(1)

 

    

(79)

 

    

92

 

2016

 

$

87

    

109

    

(1)

 

    

(96)

 

    

99

 

2015

    

$

92

    

84

    

(1)

 

    

(88)

 

    

87

 

 

Schedule of Property and Equipment

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

 

 

amounts in millions

 

Land

    

$

108

    

81

 

Buildings and improvements

 

 

1,165

 

1,016

 

Support equipment

 

 

1,240

 

1,034

 

Projects in progress

 

 

51

 

32

 

Total property and equipment

 

$

2,564

 

2,163

 

 

Schedule of net earnings attributable to stockholders

Net earnings (loss) attributable to Liberty stockholders is comprised of the following (amounts in millions):

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

 

2017

 

2016

 

2015

 

QVC Group

    

 

 

    

 

    

 

 

Net earnings (loss) from continuing operations

 

$

1,208

 

473

 

640

 

Net earnings (loss) from discontinued operations

 

$

NA

 

NA

 

NA

 

Liberty Ventures

 

 

 

 

 

 

 

 

Net earnings (loss) from continuing operations

 

$

1,233

 

742

 

(51)

 

Net earnings (loss) from discontinued operations

 

$

 —

 

20

 

280

 

 

Summary of activity in allowance for sales returns

 

 

 

 

 

 

 

 

 

 

 

Balance beginning of year

 

Additions - charged to earnings

 

Deductions

 

Balance end of year

 

 

in millions

2017

$

98

 

1,027

 

(1,023)

 

102

2016

$

106

 

1,051

 

(1,060)

 

98

2015

$

109

 

1,213

 

(1,216)

 

106

 

QVC Group Common Stock  
Schedule of Weighted Average Number of Shares

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

    

 

2017

    

2016

    

2015

 

 

 

 

number of shares in millions

 

Basic WASO

 

 

445

 

476

 

475

 

Potentially dilutive shares

 

 

 3

 

 5

 

 6

 

Diluted WASO

 

 

448

 

481

 

481

 

 

Liberty Ventures common stock  
Schedule of Weighted Average Number of Shares

 

 

 

 

 

 

 

 

 

 

 

    

Years ended December 31,

 

 

    

 

2017

    

2016

    

2015

 

 

 

 

number of shares in millions

 

Basic WASO

 

 

86

 

134

 

142

 

Potentially dilutive shares

 

 

 1

 

 1

 

 1

 

Diluted WASO

 

 

87

 

135

 

143