Information jvidÊÓƵ jvidÊÓƵ's Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2023 |
|---|
| Information jvidÊÓƵ jvidÊÓƵ's Operating Segments |
Ìý
|
| Schedule of disaggregation of revenue |
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|
​ |
​ |
Three months ended |
​ |
​ |
​ |
SeptemberÌý30, 2023 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
CBI |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
631 |
​ |
220 |
​ |
246 |
​ |
— |
​ |
1,097 |
​ |
Apparel |
​ |
​ |
304 |
​ |
105 |
​ |
39 |
​ |
— |
​ |
448 |
​ |
Beauty |
​ |
​ |
235 |
​ |
141 |
​ |
— |
​ |
— |
​ |
376 |
​ |
Accessories |
​ |
​ |
204 |
​ |
49 |
​ |
— |
​ |
— |
​ |
253 |
​ |
Electronics |
​ |
​ |
124 |
​ |
16 |
​ |
— |
​ |
— |
​ |
140 |
​ |
Jewelry |
​ |
​ |
76 |
​ |
44 |
​ |
— |
​ |
— |
​ |
120 |
​ |
Other revenue |
​ |
​ |
43 |
​ |
2 |
​ |
— |
​ |
— |
​ |
45 |
​ |
Total Revenue |
​ |
$ |
1,617 |
​ |
577 |
​ |
285 |
​ |
— |
​ |
2,479 |
​ |
​
​
|
|
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Nine months ended |
​ |
​ |
​ |
SeptemberÌý30, 2023 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
CBI |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
1,868 |
​ |
701 |
​ |
735 |
​ |
76 |
​ |
3,380 |
​ |
Apparel |
​ |
​ |
939 |
​ |
329 |
​ |
125 |
​ |
113 |
​ |
1,506 |
​ |
Beauty |
​ |
​ |
745 |
​ |
417 |
​ |
— |
​ |
14 |
​ |
1,176 |
​ |
Accessories |
​ |
​ |
619 |
​ |
156 |
​ |
— |
​ |
78 |
​ |
853 |
​ |
Electronics |
​ |
​ |
316 |
​ |
48 |
​ |
— |
​ |
2 |
​ |
366 |
​ |
Jewelry |
​ |
​ |
218 |
​ |
118 |
​ |
— |
​ |
11 |
​ |
347 |
​ |
Other revenue |
​ |
​ |
131 |
​ |
6 |
​ |
— |
​ |
7 |
​ |
144 |
​ |
Total Revenue |
​ |
$ |
4,836 |
​ |
1,775 |
​ |
860 |
​ |
301 |
​ |
7,772 |
​ |
​
​
​
​
|
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Three months ended |
​ |
​ |
SeptemberÌý30, 2022 |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
CBI |
​ |
Corp and other |
​ |
Total |
|
​ |
​ |
in millions |
Home |
​ |
$ |
621 |
​ |
208 |
​ |
283 |
​ |
53 |
​ |
1,165 |
Apparel |
​ |
​ |
330 |
​ |
100 |
​ |
44 |
​ |
79 |
​ |
553 |
Beauty |
​ |
​ |
252 |
​ |
129 |
​ |
— |
​ |
9 |
​ |
390 |
Accessories |
​ |
​ |
190 |
​ |
49 |
​ |
— |
​ |
47 |
​ |
286 |
Electronics |
​ |
​ |
152 |
​ |
20 |
​ |
— |
​ |
2 |
​ |
174 |
Jewelry |
​ |
​ |
73 |
​ |
45 |
​ |
— |
​ |
6 |
​ |
124 |
Other revenue |
​ |
​ |
45 |
​ |
3 |
​ |
— |
​ |
4 |
​ |
52 |
Total Revenue |
​ |
$ |
1,663 |
​ |
554 |
​ |
327 |
​ |
200 |
​ |
2,744 |
​
​
​
|
|
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Nine months ended |
​ |
​ |
​ |
SeptemberÌý30, 2022 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
CBI |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
1,950 |
​ |
729 |
​ |
825 |
​ |
167 |
​ |
3,671 |
​ |
Apparel |
​ |
​ |
982 |
​ |
334 |
​ |
140 |
​ |
265 |
​ |
1,721 |
​ |
Beauty |
​ |
​ |
766 |
​ |
419 |
​ |
— |
​ |
30 |
​ |
1,215 |
​ |
Accessories |
​ |
​ |
633 |
​ |
162 |
​ |
— |
​ |
145 |
​ |
940 |
​ |
Electronics |
​ |
​ |
411 |
​ |
71 |
​ |
— |
​ |
5 |
​ |
487 |
​ |
Jewelry |
​ |
​ |
231 |
​ |
139 |
​ |
— |
​ |
23 |
​ |
393 |
​ |
Other revenue |
​ |
​ |
128 |
​ |
8 |
​ |
— |
​ |
17 |
​ |
153 |
​ |
Total Revenue |
​ |
$ |
5,101 |
​ |
1,862 |
​ |
965 |
​ |
652 |
​ |
8,580 |
​ |
|
| Performance Measures |
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Three months ended SeptemberÌý30, |
​ |
Nine months ended SeptemberÌý30, |
​ |
​ |
​ |
​ |
2023 |
​ |
2022 |
​ |
​ |
2023 |
​ |
2022 |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
​ |
​ |
​ |
​ |
​ |
QxH |
​ |
$ |
201 |
Ìý |
143 |
​ |
​ |
525 |
Ìý |
600 |
​ |
QVC International |
​ |
​ |
77 |
​ |
62 |
​ |
​ |
226 |
​ |
261 |
​ |
CBI |
​ |
Ìý |
11 |
Ìý |
10 |
​ |
​ |
40 |
Ìý |
85 |
​ |
Corporate and other |
​ |
Ìý |
(4) |
Ìý |
(30) |
​ |
​ |
(57) |
Ìý |
(79) |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
285 |
Ìý |
185 |
​ |
​ |
734 |
Ìý |
867 |
​ |
|
| Other Information By Segment |
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​ |
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SeptemberÌý30, 2023 |
Ìý |
​ |
​ |
Total assets |
​ |
Capital expenditures |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
QxH |
​ |
$ |
8,201 |
Ìý |
83 |
​ |
QVC International |
​ |
​ |
1,800 |
​ |
33 |
​ |
CBI |
​ |
​ |
524 |
​ |
3 |
​ |
Corporate and other |
​ |
Ìý |
912 |
Ìý |
32 |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
11,437 |
Ìý |
151 |
​ |
|
| 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 |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Adjusted OIBDA |
​ |
$ |
285 |
Ìý |
185 |
Ìý |
734 |
Ìý |
867 |
​ |
Stock-based compensation |
​ |
Ìý |
(10) |
Ìý |
(15) |
Ìý |
(40) |
Ìý |
(46) |
​ |
Depreciation and amortization |
​ |
Ìý |
(105) |
Ìý |
(107) |
Ìý |
(309) |
Ìý |
(371) |
​ |
Restructuring, penalties and fire related costs, net of recoveries (including Rocky Mount inventory losses, see note 8) |
​ |
​ |
(19) |
​ |
134 |
​ |
189 |
​ |
28 |
​ |
Impairment of intangible assets |
​ |
​ |
— |
​ |
(3,081) |
​ |
— |
​ |
(3,081) |
​ |
Gains on sale of intangible asset and sale leaseback transactions |
​ |
​ |
— |
​ |
277 |
​ |
119 |
​ |
520 |
​ |
Operating income (loss) |
​ |
$ |
151 |
​ |
(2,607) |
​ |
693 |
​ |
(2,083) |
​ |
Interest expense |
​ |
Ìý |
(119) |
Ìý |
(107) |
Ìý |
(336) |
Ìý |
(343) |
​ |
Interest and dividend income |
​ |
​ |
14 |
​ |
2 |
​ |
39 |
​ |
5 |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(15) |
Ìý |
(8) |
Ìý |
(95) |
Ìý |
29 |
​ |
Loss on disposition of Zulily, net |
​ |
​ |
— |
​ |
— |
​ |
(64) |
​ |
— |
​ |
Gain (loss) on extinguishment of debt |
​ |
​ |
1 |
​ |
14 |
​ |
45 |
​ |
8 |
​ |
Tax sharing expense with Liberty Broadband |
​ |
​ |
(4) |
​ |
36 |
​ |
(12) |
​ |
78 |
​ |
Other, net |
​ |
Ìý |
5 |
Ìý |
21 |
Ìý |
13 |
Ìý |
69 |
​ |
Earnings (loss) before income taxes |
​ |
$ |
33 |
Ìý |
(2,649) |
Ìý |
283 |
Ìý |
(2,237) |
​ |
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|