Information jvidÊÓƵ jvidÊÓƵ's Operating Segments (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
Information jvidÊÓƵ jvidÊÓƵ's Operating Segments |
Ìý
|
Performance Measures |
​
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
Years ended DecemberÌý31, |
​ |
​ |
​ |
2023 |
​ |
2022 |
​ |
2021 |
​ |
​ |
ÌýÌýÌýÌý |
​ |
​ |
ÌýÌýÌýÌý |
Adjusted |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Adjusted |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Adjusted |
​ |
​ |
​ |
Revenue |
​ |
OIBDA |
​ |
Revenue |
​ |
OIBDA |
​ |
Revenue |
​ |
ÌýOIBDA |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
QxH |
​ |
$ |
6,995 |
Ìý |
746 |
Ìý |
7,359 |
Ìý |
750 |
Ìý |
8,277 |
Ìý |
1,439 |
​ |
QVC International |
​ |
​ |
2,454 |
​ |
325 |
​ |
2,528 |
​ |
358 |
​ |
3,077 |
​ |
562 |
​ |
CBI |
​ |
​ |
1,165 |
​ |
67 |
​ |
1,313 |
​ |
78 |
​ |
1,238 |
​ |
137 |
​ |
Corporate and other |
​ |
Ìý |
301 |
Ìý |
(64) |
Ìý |
906 |
Ìý |
(122) |
Ìý |
1,453 |
Ìý |
(58) |
​ |
Inter-segment eliminations |
​ |
​ |
— |
​ |
— |
​ |
— |
​ |
— |
​ |
(1) |
​ |
— |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
10,915 |
Ìý |
1,074 |
Ìý |
12,106 |
Ìý |
1,064 |
Ìý |
14,044 |
Ìý |
2,080 |
​ |
​
|
Other Information By Segment |
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
December 31, 2023 |
​ |
December 31, 2022 |
Ìý |
​ |
ÌýÌý |
​ |
ÌýÌý |
​ |
ÌýÌý |
​ |
ÌýÌý |
​ |
Ìý |
​ |
​ |
Total |
​ |
Capital |
​ |
Total |
​ |
Capital |
Ìý |
​ |
​ |
assets |
​ |
expenditures |
​ |
assets |
​ |
expenditures |
Ìý |
|
​ |
Ìý |
amountsÌýinÌýmillions |
​ |
QxH |
​ |
$ |
8,088 |
Ìý |
128 |
Ìý |
8,731 |
Ìý |
178 |
​ |
QVC International |
​ |
​ |
1,892 |
​ |
54 |
​ |
1,933 |
​ |
38 |
​ |
CBI |
​ |
​ |
566 |
​ |
45 |
​ |
558 |
​ |
39 |
​ |
Corporate and other |
​ |
Ìý |
822 |
Ìý |
3 |
Ìý |
1,349 |
Ìý |
13 |
​ |
Consolidated jvidÊÓƵ |
​ |
$ |
11,368 |
Ìý |
230 |
Ìý |
12,571 |
Ìý |
268 |
​ |
|
Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
​
|
|
|
|
|
|
|
|
|
​ |
​ |
YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Consolidated segment Adjusted OIBDA |
​ |
$ |
1,074 |
Ìý |
1,064 |
Ìý |
2,080 |
​ |
Stock-based compensation |
​ |
Ìý |
(53) |
Ìý |
(60) |
Ìý |
(72) |
​ |
Depreciation and amortization |
​ |
Ìý |
(407) |
Ìý |
(481) |
Ìý |
(537) |
​ |
Restructuring, penalties and fire related (costs), net of recoveries |
​ |
​ |
189 |
​ |
(3) |
​ |
(21) |
​ |
Gains on sale of assets and sale leaseback transactions |
​ |
​ |
113 |
​ |
520 |
​ |
— |
​ |
Impairment of intangible assets |
​ |
​ |
(326) |
​ |
(3,081) |
​ |
(363) |
​ |
Operating income |
​ |
​ |
590 |
Ìý |
(2,041) |
Ìý |
1,087 |
​ |
Interest expense |
​ |
Ìý |
(451) |
Ìý |
(456) |
Ìý |
(468) |
​ |
Interest and dividend income |
​ |
Ìý |
52 |
Ìý |
10 |
Ìý |
5 |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(61) |
Ìý |
55 |
Ìý |
98 |
​ |
Loss on disposition of Zulily, net |
​ |
Ìý |
(64) |
Ìý |
— |
Ìý |
— |
​ |
Tax sharing income (expense) with Liberty Broadband |
​ |
​ |
(11) |
​ |
79 |
​ |
10 |
​ |
Other, net |
​ |
Ìý |
11 |
Ìý |
45 |
Ìý |
(94) |
​ |
Earnings (loss) from continuing operations before income taxes |
​ |
$ |
66 |
Ìý |
(2,308) |
Ìý |
638 |
​ |
|
Schedule of Revenue by geographic area |
​
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
8,442 |
Ìý |
9,514 |
Ìý |
10,864 |
​ |
Japan |
​ |
Ìý |
945 |
Ìý |
1,017 |
Ìý |
1,167 |
​ |
Germany |
​ |
Ìý |
788 |
Ìý |
813 |
Ìý |
1,027 |
​ |
Other foreign countries |
​ |
Ìý |
740 |
Ìý |
762 |
Ìý |
986 |
​ |
​ |
​ |
$ |
10,915 |
Ìý |
12,106 |
Ìý |
14,044 |
​ |
|
Schedule of Long-lived Assets by Geographic Area |
​
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
DecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
U.S. |
​ |
$ |
348 |
Ìý |
378 |
​ |
Japan |
​ |
Ìý |
91 |
Ìý |
104 |
​ |
Germany |
​ |
Ìý |
19 |
Ìý |
36 |
​ |
Other foreign countries |
​ |
Ìý |
54 |
Ìý |
52 |
​ |
​ |
​ |
$ |
512 |
Ìý |
570 |
​ |
​
|