Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

v3.19.2
Information about QVC's Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment

Three months ended June 30,
 
Six months ended June 30,
 

2019
 
2018
 
2019
 
2018
 
(in millions)
Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

Net
revenue

Adjusted
OIBDA

QxH
$
1,874

395

1,900

401

3,731

747

3,826

770

QVC-International
640

106

656

100

1,284

207

1,332

207

   Consolidated QVC
$
2,514

501

2,556

501

5,015

954

5,158

977

Schedule of Depreciation and Amortization by Segment

Three months ended June 30,
 
Six months ended June 30,
 

2019
 
2018
 
2019
 
2018
 
(in millions)
Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

Depreciation

Amortization

QxH
$
28

67

30

52

56

136

59

105

QVC-International
26

3

13

3

44

6

28

6

Consolidated QVC
$
54

70

43

55

100

142

87

111

Schedule of Capital Expenditures and Total Assets by Segment

June 30, 2019
 
(in millions)
Total
assets

Capital
expenditures

Property and equipment, net

QxH
$
12,244

140

776

QVC-International
2,155

13

417

Consolidated QVC
$
14,399

153

1,193

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 June 30,
 
Six months ended June 30,
 
(in millions)
2019

2018

2019

2018

Adjusted OIBDA
$
501

501

$
954

$
977

Transaction related costs
(1
)
(1
)
(1
)
(9
)
Stock-based compensation
(11
)
(12
)
(20
)
(24
)
Depreciation and amortization
(124
)
(98
)
(242
)
(198
)
Equity in losses of investee
(1
)
(2
)
(1
)
(1
)
(Losses) gains on financial instruments
(1
)
—

(3
)
1

Interest expense, net
(60
)
(68
)
(121
)
(133
)
Foreign currency gain (loss)
—

2

(3
)
1

      Income before income taxes
$
303

322

563

614