Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.20.2
Information about QVC's Operating Segments (Tables)
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended September 30, Nine months ended September 30,
2020 2019 2020 2019
(in millions) Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA
QxH $ 1,980  380  1,854  346  5,782  1,061  5,585  1,093 
QVC-International 723  132  650  106  2,071  348  1,934  313 
   Consolidated QVC $ 2,703  512  2,504  452  7,853  1,409  7,519  1,406 
Schedule of Depreciation and Amortization by Segment
Three months ended September 30, Nine months ended September 30,
2020 2019 2020 2019
(in millions) Depreciation Amortization Depreciation Amortization Depreciation Amortization Depreciation Amortization
QxH $ 31  66  29  65  89  204  85  201 
QVC-International 14  3  14  4  42  9  58  10 
Consolidated QVC $ 45  69  43  69  131  213  143  211 
Schedule of Capital Expenditures and Total Assets by Segment
September 30, 2020
(in millions) Total
assets		 Capital
expenditures		 Property and equipment, net
QxH $ 11,813  121  767 
QVC-International 2,294  19  395 
Consolidated QVC $ 14,107  140  1,162 
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 September 30, Nine months ended September 30,
(in millions) 2020 2019 2020 2019
Adjusted OIBDA $ 512  452  1,409  1,406 
Transaction related costs —  —  —  (1)
Stock-based compensation (10) (10) (26) (30)
Depreciation and amortization (114) (112) (344) (354)
Operating income 388  330  1,039  1,021 
Equity in earnings (losses) of investee 1  —  (1) (1)
Gains (losses) on financial instruments 1  (2) (3) (5)
Interest expense, net (65) (61) (194) (182)
Foreign currency gain (loss) 1  —  3  (3)
Loss on extinguishment of debt (42) —  (42) — 
Income before income taxes $ 284  267  802  830