Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.20.1
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
 
Three months ended March 31,
 
 
2020
 
2019
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QxH
$
1,792

293

1,857

352

QVC-International
635

97

644

101

Consolidated QVC
$
2,427

390

2,501

453

Schedule of Depreciation and Amortization by Segment
 
Three months ended March 31,
 
 
2020
 
2019
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

QxH
$
29

68

28

69

QVC-International
14

3

18

3

Consolidated QVC
$
43

71

46

72

Schedule of Capital Expenditures and Total Assets by Segment

March 31, 2020
 
(in millions)
Total
assets

Capital
expenditures

Property and equipment, net

QxH
$
12,156

35

790

QVC-International
2,145

4

398

Consolidated QVC
$
14,301

39

1,188

Reconciliation of Adjusted OIBDA to Income before Income Taxes
The following table provides a reconciliation of Adjusted OIBDA to operating income and income before income taxes:
 
Three months ended March 31,
 
(in millions)
2020

2019

Adjusted OIBDA
$
390

453

Stock-based compensation
(6
)
(9
)
Depreciation and amortization
(114
)
(118
)
Operating Income
270

326

Equity in losses of investee
(1
)
—

Losses on financial instruments
(4
)
(2
)
Interest expense, net
(65
)
(61
)
Foreign currency gain (loss)
1

(3
)
Income before income taxes
$
201

260