QVC Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Supplemental Disclosures to Consolidated Statements of Cash Flows

Supplemental Disclosures to Consolidated Statements of Cash Flows

12 Months Ended

Dec. 31, 2019

Supplemental Disclosures to Consolidated Statements of Cash Flows

Supplemental Disclosures to Consolidated Statements of Cash Flows

(3) Supplemental Disclosures to Consolidated Statements of Cash Flows


	Years ended December 31,
	2019		2018	2017
	amounts in millions
Cash paid for acquisitions:
Fair value of assets acquired	$	—	(11)	956
Intangible assets not subject to amortization		—	—	1,577
Intangible assets subject to amortization		—	(4)	651
Net liabilities assumed		—	10	(977)
Deferred tax assets (liabilities)		—	5	(281)
Fair value of equity consideration		—	—	(1,948)
Cash paid (received) for acquisitions, net of cash acquired	$	—	—	(22)

Cash paid for interest	$	360	362	343

Cash paid for income taxes	$	175	226	158

Non-cash capital additions obtained in exchange for liabilities	$	36	—	—

In November 2016, the FASB issued new accounting guidance which requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The Company adopted this guidance during the first quarter of 2018 and has reclassified prior period balances in cash and cash equivalents within the consolidated statements of cash flows in order to conform with current period presentation. The following table reconciles cash, cash equivalents and restricted cash reported in our consolidated balance sheets to the total amount presented in our consolidated statements of cash flows:


		December 31,	December 31,
		2019	2018
		in millions
Cash and cash equivalents	$	673	653
Restricted cash included in other current assets		8	7
Total cash, cash equivalents and restricted cash in the consolidated statement of cash flows	$	681	660