Information jvidÊÓƵ jvidÊÓƵ's Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2019 |
|---|
| Information jvidÊÓƵ jvidÊÓƵ's Operating Segments |
Ìý
|
| Schedule of disaggregation of revenue |
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​ |
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Three months ended |
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​ |
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SeptemberÌý30, 2019 |
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​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
​ |
in millions |
​ |
Home |
​ |
$ |
668 |
​ |
236 |
​ |
95 |
​ |
187 |
​ |
1,186 |
​ |
Apparel |
​ |
​ |
334 |
​ |
107 |
​ |
141 |
​ |
39 |
​ |
621 |
​ |
Beauty |
​ |
​ |
303 |
​ |
161 |
​ |
12 |
​ |
— |
​ |
476 |
​ |
Accessories |
​ |
​ |
199 |
​ |
63 |
​ |
90 |
​ |
— |
​ |
352 |
​ |
Electronics |
​ |
​ |
207 |
​ |
21 |
​ |
3 |
​ |
— |
​ |
231 |
​ |
Jewelry |
​ |
​ |
97 |
​ |
59 |
​ |
12 |
​ |
— |
​ |
168 |
​ |
Other revenue |
​ |
​ |
46 |
​ |
3 |
​ |
6 |
​ |
— |
​ |
55 |
​ |
Total Revenue |
​ |
$ |
1,854 |
​ |
650 |
​ |
359 |
​ |
226 |
​ |
3,089 |
​ |
​
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|
​ |
​ |
Nine months ended |
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​ |
​ |
SeptemberÌý30, 2019 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
​ |
in millions |
​ |
Home |
​ |
$ |
2,002 |
​ |
714 |
​ |
298 |
​ |
530 |
​ |
3,544 |
​ |
Apparel |
​ |
​ |
1,004 |
​ |
327 |
​ |
422 |
​ |
117 |
​ |
1,870 |
​ |
Beauty |
​ |
​ |
912 |
​ |
462 |
​ |
37 |
​ |
— |
​ |
1,411 |
​ |
Accessories |
​ |
​ |
666 |
​ |
190 |
​ |
295 |
​ |
— |
​ |
1,151 |
​ |
Electronics |
​ |
​ |
561 |
​ |
68 |
​ |
10 |
​ |
— |
​ |
639 |
​ |
Jewelry |
​ |
​ |
302 |
​ |
161 |
​ |
37 |
​ |
— |
​ |
500 |
​ |
Other revenue |
​ |
​ |
138 |
​ |
12 |
​ |
20 |
​ |
— |
​ |
170 |
​ |
Total Revenue |
​ |
$ |
5,585 |
​ |
1,934 |
​ |
1,119 |
​ |
647 |
​ |
9,285 |
​ |
​
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|
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|
|
​ |
​ |
Three months ended |
​ |
​ |
SeptemberÌý30, 2018 |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
​ |
in millions |
Home |
​ |
$ |
713 |
​ |
235 |
​ |
118 |
​ |
170 |
​ |
1,236 |
Apparel |
​ |
​ |
331 |
​ |
113 |
​ |
175 |
​ |
37 |
​ |
656 |
Beauty |
​ |
​ |
294 |
​ |
148 |
​ |
11 |
​ |
— |
​ |
453 |
Accessories |
​ |
​ |
219 |
​ |
64 |
​ |
105 |
​ |
— |
​ |
388 |
Electronics |
​ |
​ |
207 |
​ |
26 |
​ |
3 |
​ |
— |
​ |
236 |
Jewelry |
​ |
​ |
117 |
​ |
51 |
​ |
12 |
​ |
— |
​ |
180 |
Other revenue |
​ |
​ |
48 |
​ |
3 |
​ |
8 |
​ |
23 |
​ |
82 |
Total Revenue |
​ |
$ |
1,929 |
​ |
640 |
​ |
432 |
​ |
230 |
​ |
3,231 |
​
|
|
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|
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|
|
|
|
​ |
​ |
Nine months ended |
​ |
​ |
​ |
SeptemberÌý30, 2018 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
​ |
in millions |
​ |
Home |
​ |
$ |
2,090 |
​ |
730 |
​ |
341 |
​ |
520 |
​ |
3,681 |
​ |
Apparel |
​ |
​ |
1,034 |
​ |
348 |
​ |
494 |
​ |
109 |
​ |
1,985 |
​ |
Beauty |
​ |
​ |
916 |
​ |
450 |
​ |
35 |
​ |
— |
​ |
1,401 |
​ |
Accessories |
​ |
​ |
668 |
​ |
203 |
​ |
329 |
​ |
— |
​ |
1,200 |
​ |
Electronics |
​ |
​ |
543 |
​ |
74 |
​ |
11 |
​ |
— |
​ |
628 |
​ |
Jewelry |
​ |
​ |
362 |
​ |
154 |
​ |
35 |
​ |
— |
​ |
551 |
​ |
Other revenue |
​ |
​ |
142 |
​ |
13 |
​ |
21 |
​ |
72 |
​ |
248 |
​ |
Total Revenue |
​ |
$ |
5,755 |
​ |
1,972 |
​ |
1,266 |
​ |
701 |
​ |
9,694 |
​ |
|
| Summarized Adjusted OIBDA |
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|
|
|
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|
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|
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Three months ended SeptemberÌý30, |
​ |
Nine months ended SeptemberÌý30, |
​ |
​ |
​ |
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2019 |
​ |
2018 |
​ |
​ |
2019 |
​ |
2018 |
​ |
​ |
​ |
amountsÌýinÌýmillions |
​ |
QxH |
​ |
$ |
346 |
Ìý |
371 |
​ |
​ |
1,093 |
Ìý |
1,141 |
​ |
QVC International |
​ |
​ |
106 |
​ |
93 |
​ |
​ |
313 |
​ |
300 |
​ |
Zulily |
​ |
Ìý |
8 |
Ìý |
18 |
​ |
​ |
32 |
Ìý |
74 |
​ |
Corporate and other |
​ |
Ìý |
(4) |
Ìý |
(14) |
​ |
​ |
(9) |
Ìý |
(13) |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
456 |
Ìý |
468 |
​ |
​ |
1,429 |
Ìý |
1,502 |
​ |
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| Other Information By Segment |
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SeptemberÌý30, 2019 |
Ìý |
​ |
​ |
Total assets |
​ |
Investments inÌýaffiliates |
​ |
Capital expenditures |
Ìý |
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
QxH |
​ |
$ |
12,587 |
Ìý |
38 |
​ |
202 |
​ |
QVC International |
​ |
​ |
2,160 |
​ |
— |
​ |
23 |
​ |
Zulily |
​ |
​ |
1,157 |
​ |
— |
​ |
18 |
​ |
Corporate and other |
​ |
Ìý |
1,075 |
Ìý |
117 |
​ |
6 |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
16,979 |
Ìý |
155 |
​ |
249 |
​ |
|
| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
​
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|
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|
|
|
​ |
​ |
Three months ended |
​ |
Nine months ended |
Ìý |
​ |
​ |
SeptemberÌý30, |
​ |
SeptemberÌý30, |
Ìý |
​ |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2018 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2018 |
Ìý |
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Adjusted OIBDA |
​ |
$ |
456 |
Ìý |
468 |
Ìý |
1,429 |
Ìý |
1,502 |
​ |
Stock-based compensation |
​ |
Ìý |
(17) |
Ìý |
(21) |
Ìý |
(54) |
Ìý |
(67) |
​ |
Depreciation and amortization |
​ |
Ìý |
(146) |
Ìý |
(167) |
Ìý |
(457) |
Ìý |
(489) |
​ |
Impairment of intangible assets |
​ |
​ |
(1,020) |
​ |
— |
​ |
(1,020) |
​ |
— |
​ |
Transaction related costs |
​ |
​ |
— |
​ |
(43) |
​ |
(1) |
​ |
(57) |
​ |
Operating income (loss) |
​ |
​ |
(727) |
​ |
237 |
​ |
(103) |
​ |
889 |
​ |
Interest expense |
​ |
Ìý |
(93) |
Ìý |
(94) |
Ìý |
(282) |
Ìý |
(288) |
​ |
Share of earnings (loss) of affiliates, net |
​ |
Ìý |
(36) |
Ìý |
(29) |
Ìý |
(104) |
Ìý |
(89) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(45) |
Ìý |
(27) |
Ìý |
(239) |
Ìý |
92 |
​ |
Other, net |
​ |
Ìý |
(4) |
Ìý |
(2) |
Ìý |
(19) |
Ìý |
17 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
(905) |
Ìý |
85 |
Ìý |
(747) |
Ìý |
621 |
​ |
|