Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.21.1
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended March 31,
2021 2020
(in millions) Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA
QxH $ 1,936  349  1,792  293 
QVC-International 774  143  635  97 
   Consolidated QVC $ 2,710  492  2,427  390 
Schedule of Depreciation and Amortization by Segment
Three months ended March 31,
2021 2020
(in millions) Depreciation Amortization Depreciation Amortization
QxH $ 26  59  29  68 
QVC-International 14  3  14  3 
Consolidated QVC $ 40  62  43  71 
Schedule of Capital Expenditures and Total Assets by Segment
March 31, 2021
(in millions) Total
assets		 Capital
expenditures		 Property and equipment, net
QxH $ 13,891  36  728 
QVC-International 2,240  5  378 
Consolidated QVC $ 16,131  41  1,106 
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) 2021 2020
Adjusted OIBDA $ 492  390 
Stock-based compensation (9) (6)
Depreciation and amortization (102) (114)
Operating income 381  270 
Equity in losses of investee —  (1)
Gains (losses) on financial instruments 1  (4)
Interest expense, net (63) (65)
Foreign currency (loss) gain (2) 1 
Other income 6  — 
Income before income taxes $ 323  201