Information jvidÊÓƵ jvidÊÓƵ's Operating Segments (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| 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, 2021 |
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​ |
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​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
679 |
​ |
272 |
​ |
93 |
​ |
258 |
​ |
1,302 |
​ |
Apparel |
​ |
​ |
336 |
​ |
119 |
​ |
132 |
​ |
46 |
​ |
633 |
​ |
Beauty |
​ |
​ |
279 |
​ |
164 |
​ |
15 |
​ |
— |
​ |
458 |
​ |
Accessories |
​ |
​ |
210 |
​ |
62 |
​ |
66 |
​ |
— |
​ |
338 |
​ |
Electronics |
​ |
​ |
171 |
​ |
24 |
​ |
3 |
​ |
— |
​ |
198 |
​ |
Jewelry |
​ |
​ |
95 |
​ |
55 |
​ |
11 |
​ |
— |
​ |
161 |
​ |
Other revenue |
​ |
​ |
43 |
​ |
3 |
​ |
8 |
​ |
— |
​ |
54 |
​ |
Total Revenue |
​ |
$ |
1,813 |
​ |
699 |
​ |
328 |
​ |
304 |
​ |
3,144 |
​ |
​
​
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|
|
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|
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|
​ |
​ |
Nine months ended |
​ |
​ |
​ |
SeptemberÌý30, 2021 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
2,229 |
​ |
905 |
​ |
336 |
​ |
748 |
​ |
4,218 |
​ |
Apparel |
​ |
​ |
985 |
​ |
372 |
​ |
429 |
​ |
133 |
​ |
1,919 |
​ |
Beauty |
​ |
​ |
859 |
​ |
521 |
​ |
50 |
​ |
— |
​ |
1,430 |
​ |
Accessories |
​ |
​ |
720 |
​ |
199 |
​ |
218 |
​ |
— |
​ |
1,137 |
​ |
Electronics |
​ |
​ |
539 |
​ |
89 |
​ |
10 |
​ |
— |
​ |
638 |
​ |
Jewelry |
​ |
​ |
269 |
​ |
169 |
​ |
37 |
​ |
— |
​ |
475 |
​ |
Other revenue |
​ |
​ |
137 |
​ |
9 |
​ |
22 |
​ |
— |
​ |
168 |
​ |
Total Revenue |
​ |
$ |
5,738 |
​ |
2,264 |
​ |
1,102 |
​ |
881 |
​ |
9,985 |
​ |
​
​
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|
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|
|
​ |
​ |
Three months ended |
​ |
​ |
SeptemberÌý30, 2020 |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
|
​ |
​ |
in millions |
Home |
​ |
$ |
819 |
​ |
286 |
​ |
115 |
​ |
248 |
​ |
1,468 |
Apparel |
​ |
​ |
312 |
​ |
115 |
​ |
147 |
​ |
37 |
​ |
611 |
Beauty |
​ |
​ |
297 |
​ |
168 |
​ |
17 |
​ |
— |
​ |
482 |
Accessories |
​ |
​ |
219 |
​ |
67 |
​ |
94 |
​ |
— |
​ |
380 |
Electronics |
​ |
​ |
197 |
​ |
25 |
​ |
3 |
​ |
— |
​ |
225 |
Jewelry |
​ |
​ |
93 |
​ |
59 |
​ |
12 |
​ |
— |
​ |
164 |
Other revenue |
​ |
​ |
43 |
​ |
3 |
​ |
7 |
​ |
— |
​ |
53 |
Total Revenue |
​ |
$ |
1,980 |
​ |
723 |
​ |
395 |
​ |
285 |
​ |
3,383 |
​
​
​
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|
|
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|
|
|
|
|
|
|
​ |
​ |
Nine months ended |
​ |
​ |
​ |
SeptemberÌý30, 2020 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
2,303 |
​ |
829 |
​ |
326 |
​ |
631 |
​ |
4,089 |
​ |
Apparel |
​ |
​ |
913 |
​ |
316 |
​ |
411 |
​ |
108 |
​ |
1,748 |
​ |
Beauty |
​ |
​ |
910 |
​ |
499 |
​ |
50 |
​ |
— |
​ |
1,459 |
​ |
Accessories |
​ |
​ |
676 |
​ |
188 |
​ |
281 |
​ |
— |
​ |
1,145 |
​ |
Electronics |
​ |
​ |
588 |
​ |
78 |
​ |
10 |
​ |
— |
​ |
676 |
​ |
Jewelry |
​ |
​ |
273 |
​ |
155 |
​ |
34 |
​ |
— |
​ |
462 |
​ |
Other revenue |
​ |
​ |
119 |
​ |
6 |
​ |
21 |
​ |
— |
​ |
146 |
​ |
Total Revenue |
​ |
$ |
5,782 |
​ |
2,071 |
​ |
1,133 |
​ |
739 |
​ |
9,725 |
​ |
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| Performance Measures |
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Three months ended SeptemberÌý30, |
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Nine months ended SeptemberÌý30, |
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​ |
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2021 |
​ |
2020 |
​ |
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2021 |
​ |
2020 |
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|
​ |
​ |
amountsÌýinÌýmillions |
​ |
​ |
​ |
​ |
​ |
​ |
QxH |
​ |
$ |
325 |
Ìý |
380 |
​ |
​ |
1,065 |
Ìý |
1,061 |
​ |
QVC International |
​ |
​ |
115 |
​ |
132 |
​ |
​ |
402 |
​ |
348 |
​ |
Zulily |
​ |
Ìý |
(17) |
Ìý |
27 |
​ |
​ |
(2) |
Ìý |
74 |
​ |
Corporate and other |
​ |
Ìý |
9 |
Ìý |
27 |
​ |
​ |
65 |
Ìý |
32 |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
432 |
Ìý |
566 |
​ |
​ |
1,530 |
Ìý |
1,515 |
​ |
|
| Other Information By Segment |
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SeptemberÌý30, 2021 |
Ìý |
​ |
​ |
Total assets |
​ |
Capital expenditures |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
QxH |
​ |
$ |
12,356 |
Ìý |
124 |
​ |
QVC International |
​ |
​ |
2,267 |
​ |
21 |
​ |
Zulily |
​ |
​ |
1,010 |
​ |
17 |
​ |
Corporate and other |
​ |
Ìý |
1,327 |
Ìý |
7 |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
16,960 |
Ìý |
169 |
​ |
|
| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Three months ended |
​ |
Nine months ended |
Ìý |
​ |
​ |
SeptemberÌý30, |
​ |
SeptemberÌý30, |
Ìý |
​ |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2020 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Adjusted OIBDA |
​ |
$ |
432 |
Ìý |
566 |
Ìý |
1,530 |
Ìý |
1,515 |
​ |
Stock-based compensation |
​ |
Ìý |
(19) |
Ìý |
(19) |
Ìý |
(54) |
Ìý |
(46) |
​ |
Depreciation and amortization |
​ |
Ìý |
(139) |
Ìý |
(141) |
Ìý |
(396) |
Ìý |
(427) |
​ |
Operating income (loss) |
​ |
$ |
274 |
​ |
406 |
​ |
1,080 |
​ |
1,042 |
​ |
Interest expense |
​ |
Ìý |
(121) |
Ìý |
(98) |
Ìý |
(356) |
Ìý |
(290) |
​ |
Share of earnings (loss) of affiliates, net |
​ |
Ìý |
(24) |
Ìý |
(32) |
Ìý |
(78) |
Ìý |
(96) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
41 |
Ìý |
(12) |
Ìý |
101 |
Ìý |
(127) |
​ |
Gains (losses) on transactions, net |
​ |
​ |
— |
​ |
223 |
​ |
— |
​ |
224 |
​ |
Other, net |
​ |
Ìý |
— |
Ìý |
(65) |
Ìý |
(10) |
Ìý |
(65) |
​ |
Earnings (loss) before income taxes |
​ |
$ |
170 |
Ìý |
422 |
Ìý |
737 |
Ìý |
688 |
​ |
|