QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

Information about QVC's Operating Segments (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Revenue and Adjusted OIBDA by Segment



	Three months ended March 31,
	2019					2018
(in millions)	Net revenue			Adjusted OIBDA		Net revenue		Adjusted OIBDA
QxH	$	1,857		352		1,926		369
QVC-International	644			101		676		107
Consolidated QVC	$	2,501		453		2,602		476

Schedule of Depreciation and Amortization by Segment



	Three months ended March 31,
	2019					2018
(in millions)	Depreciation			Amortization		Depreciation		Amortization
QxH	$	28		69		29		53
QVC-International	18			3		15		3
Consolidated QVC	$	46		72		44		56

Schedule of Capital Expenditures and Total Assets by Segment



	March 31, 2019
(in millions)	Total assets			Capital expenditures		Property and equipment, net
QxH	$	12,443		47		717
QVC-International	2,161			7		436
Consolidated QVC	$	14,604		54		1,153

Reconciliation of Adjusted OIBDA to Income before Income Taxes

The following table provides a reconciliation of Adjusted OIBDA to income before income taxes:



	Three months ended March 31,
(in millions)	2019			2018
Adjusted OIBDA	$	453		476
Transaction related costs	—			(8	)
Stock-based compensation	(9		)	(12	)
Depreciation and amortization	(118		)	(100	)
Equity in income of investee	—			1
(Losses) gains on financial instruments	(2		)	1
Interest expense, net	(61		)	(65	)
Foreign currency loss	(3		)	(1	)
Income before income taxes	$	260		292