Information jvid视频 jvid视频's Operating Segments |
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| Information jvid视频 Liberty's Operating Segments | 听 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Information jvid视频 jvid视频's Operating Segments |
(11)听听听Information jvid视频 jvid视频's Operating Segments jvid视频, through its ownership interests in subsidiaries and other companies, is primarily engaged in the video and online commerce industries. jvid视频 identifies its reportable segments as (A)听those operating segments that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA or total assets and (B)听those equity method affiliates whose share of earnings represent 10% or more of jvid视频's annual pre-tax earnings. jvid视频 evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as revenue, Adjusted OIBDA, gross margin, average sales price per unit and revenue or sales per customer equivalent. In addition, jvid视频 reviews nonfinancial measures such as unique website visitors, number of units shipped, conversion rates and active customers, as appropriate. jvid视频 defines Adjusted OIBDA as revenue less cost of sales, operating expenses, and selling, general and administrative expenses excluding all stock-based compensation. jvid视频 believes this measure is an important indicator of the operational strength and performance of its businesses, including each business's ability to service debt and fund capital expenditures. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. This measure of performance excludes depreciation and amortization, stock-based compensation, certain purchase accounting adjustments, separately reported litigation settlements, transaction related costs (including restructuring, integration, and advisory fees), and impairment charges that are included in the measurement of operating income pursuant to GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance prepared in accordance with GAAP. jvid视频 generally accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current prices. During the second quarter of 2018 the Company changed its reportable segments to include QVC U.S. and QVC International, and presented prior period information to conform with this change. Previously, QVC was considered one reportable segment.听听As a result of the GCI Liberty Split-Off, and the related management transitions, a new Chief Operating Decision Maker (鈥淐ODM鈥) was identified, and the information that the new CODM reviews is aggregated differently than it was prior to the Transactions.听 For the nine months ended September听30,听2018, jvid视频 has identified the following operating segments as its reportable segments:
jvid视频's operating segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies.听听The accounting policies of the segments are the same as those described in the Company's Summary of Significant Accounting Policies in the Annual Report on Form 10-K for the year ended December听31,听2017. Performance Measures
听
听 Other Information
听 听 The following table provides a reconciliation of Consolidated segment Adjusted OIBDA to Operating income (loss) and Earnings (loss) from continuing operations before income taxes:
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