º¬Ð߲ݴ«Ã½

Quarterly report pursuant to Section 13 or 15(d)

Information º¬Ð߲ݴ«Ã½ º¬Ð߲ݴ«Ã½'s Operating Segments (Tables)

v3.23.2
Information º¬Ð߲ݴ«Ã½ º¬Ð߲ݴ«Ã½'s Operating Segments (Tables)
6 Months Ended
Jun. 30, 2023
Information º¬Ð߲ݴ«Ã½ º¬Ð߲ݴ«Ã½'s Operating Segments Ìý
Schedule of disaggregation of revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

​

JuneÌý30, 2023

​

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

​

Home

​

$

602

​

244

​

275

​

26

​

1,147

​

Apparel

​

​

340

​

111

​

41

​

43

​

535

​

Beauty

​

​

264

​

143

​

—

​

5

​

412

​

Accessories

​

​

223

​

56

​

—

​

28

​

307

​

Electronics

​

​

82

​

15

​

—

​

—

​

97

​

Jewelry

​

​

65

​

35

​

—

​

3

​

103

​

Other revenue

​

​

42

​

2

​

—

​

4

​

48

​

Total Revenue

​

$

1,618

​

606

​

316

​

109

​

2,649

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended

​

​

​

JuneÌý30, 2023

​

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

​

Home

​

$

1,237

​

481

​

489

​

76

​

2,283

​

Apparel

​

​

635

​

224

​

86

​

113

​

1,058

​

Beauty

​

​

510

​

276

​

—

​

14

​

800

​

Accessories

​

​

415

​

107

​

—

​

78

​

600

​

Electronics

​

​

192

​

32

​

—

​

2

​

226

​

Jewelry

​

​

142

​

74

​

—

​

11

​

227

​

Other revenue

​

​

88

​

4

​

—

​

7

​

99

​

Total Revenue

​

$

3,219

​

1,198

​

575

​

301

​

5,293

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

JuneÌý30, 2022

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

Home

​

$

680

​

248

​

296

​

53

​

1,277

Apparel

​

​

356

​

117

​

45

​

92

​

610

Beauty

​

​

253

​

145

​

—

​

10

​

408

Accessories

​

​

241

​

58

​

—

​

49

​

348

Electronics

​

​

112

​

25

​

—

​

1

​

138

Jewelry

​

​

71

​

42

​

—

​

8

​

121

Other revenue

​

​

41

​

3

​

—

​

7

​

51

Total Revenue

​

$

1,754

​

638

​

341

​

220

​

2,953

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended

​

​

​

JuneÌý30, 2022

​

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

​

Home

​

$

1,329

​

521

​

542

​

114

​

2,506

​

Apparel

​

​

652

​

234

​

96

​

186

​

1,168

​

Beauty

​

​

514

​

290

​

—

​

21

​

825

​

Accessories

​

​

443

​

113

​

—

​

98

​

654

​

Electronics

​

​

259

​

51

​

—

​

3

​

313

​

Jewelry

​

​

158

​

94

​

—

​

17

​

269

​

Other revenue

​

​

83

​

5

​

—

​

13

​

101

​

Total Revenue

​

$

3,438

​

1,308

​

638

​

452

​

5,836

​

Performance Measures

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended JuneÌý30,

​

Six months ended JuneÌý30,

​

​

​

​

2023

​

2022

​

​

2023

​

2022

​

​

​

amountsÌýinÌýmillions

​

​

​

​

​

​

QxH

​

$

185

Ìý

232

​

​

324

Ìý

457

​

QVC International

​

​

77

​

95

​

​

149

​

199

​

CBI

​

Ìý

25

Ìý

44

​

​

29

Ìý

75

​

Corporate and other

​

Ìý

(17)

Ìý

(24)

​

​

(53)

Ìý

(49)

​

Consolidated º¬Ð߲ݴ«Ã½

​

$

270

Ìý

347

​

​

449

Ìý

682

​

Other Information By Segment

​

​

​

​

​

​

​

​

​

​

JuneÌý30, 2023

Ìý

​

​

Total assets

​

Capital expenditures

Ìý

​

​

amountsÌýinÌýmillions

Ìý

QxH

​

$

8,473

Ìý

61

​

QVC International

​

​

1,884

​

18

​

CBI

​

​

542

​

3

​

Corporate and other

​

Ìý

900

Ìý

23

​

Consolidated º¬Ð߲ݴ«Ã½

​

$

11,799

Ìý

105

​

Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Six months ended

Ìý

​

​

JuneÌý30,

​

JuneÌý30,

Ìý

​

ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

Ìý

​

​

amountsÌýinÌýmillions

Ìý

Adjusted OIBDA

​

$

270

Ìý

347

Ìý

449

Ìý

682

​

Stock-based compensation

​

Ìý

(14)

Ìý

(16)

Ìý

(30)

Ìý

(31)

​

Depreciation and amortization

​

Ìý

(104)

Ìý

(134)

Ìý

(204)

Ìý

(264)

​

Restructuring and fire related costs, net of recoveries (including Rocky Mount inventory losses, see note 8)

​

​

208

​

(22)

​

208

​

(106)

​

Gains on sale of intangible asset and sale leaseback transactions

​

​

6

​

243

​

119

​

243

​

Operating income (loss)

​

$

366

​

418

​

542

​

524

​

Interest expense

​

Ìý

(123)

Ìý

(119)

Ìý

(217)

Ìý

(236)

​

Realized and unrealized gains (losses) on financial instruments, net

​

Ìý

(33)

Ìý

7

Ìý

(80)

Ìý

37

​

Loss on disposition of Zulily, net

​

​

(64)

​

—

​

(64)

​

—

​

Gain (loss) on extinguishment of debt

​

​

29

​

(6)

​

44

​

(6)

​

Other, net

​

Ìý

10

Ìý

41

Ìý

25

Ìý

93

​

Earnings (loss) before income taxes

​

$

185

Ìý

341

Ìý

250

Ìý

412

​