含羞草传媒. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Recent Accounting Pronouncements (Tables)

Recent Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

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听	听	听	听	听	听	听	听	听	听	听	听
听	听	Three months ended听									听
听	听	March 31, 2018									听
听	听	QVC	听	HSN	听	zulily	听	Corporate and other	听	Total	听
听	in millions										听
Home	$	759	听	227	听	116	听	147	听	1,249	听
Apparel	听	399	听	27	听	156	听	39	听	621	听
Beauty	听	383	听	67	听	12	听	听鈥�	听	462	听
Accessories	听	253	听	50	听	114	听	听鈥�	听	417	听
Electronics	听	113	听	86	听	听4	听	听鈥�	听	203	听
Jewelry	听	150	听	37	听	12	听	听鈥�	听	199	听
Other revenue	听	36	听	15	听	听5	听	23	听	79	听
Total Revenue	$	2,093	听	509	听	419	听	209	听	3,230	听

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Schedule of cash, cash equivalents and restricted cash

听	听	听	听	听	听
听	听	March 31,	听	December 31,听	听
听	听	2018	听	2017	听
听	听	in millions			听
Cash and cash equivalents	$	1,055	听	903	听
Restricted cash included in other current assets	听	8	听	9	听
Total cash, cash equivalents and restricted cash听听in the condensed consolidated statement of cash flows	$	1,063	听	912	听

听

ASU 2014-09

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Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

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Schedule of cumulative effect of accounting changes

听	听	听	听	听	听	听	听
听	听	Balance at	听	Adjustments	听	Balance at	听
听	听	December 31,听	听	Due to ASU	听	January 1,	听
听	听	2017	听	2014-09	听	2018	听
听	听	in millions					听
Assets:听	听	听	听	听	听	听	听
Inventory, net	$	1,411	听	(27)	听	1,384	听
Other current assets	$	125	听	(11)	听	114	听
听	听	听	听	听	听	听	听
Liabilities:	听	听	听	听	听	听	听
Other current liabilities	$	169	听	(46)	听	123	听
Deferred income tax liabilities	$	2,500	听	2	听	2,502	听
听	听	听	听	听	听	听	听
Equity:	听	听	听	听	听	听	听
Retained earnings	$	9,068	听	6	听	9,074	听

听

In accordance with the new revenue standard requirements, the following table illustrates the impact on our reported results in the condensed consolidated statements of operations assuming we did not adopt the new revenue standard on January 1, 2018.听Other than as previously discussed, upon the adoption of the new revenue standard on January 1, 2018, there were no additional material adjustments to our condensed consolidated balance sheet as of March 31, 2018.听

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听	听	听	听	听	听	听	听
听	听	As reported	听	Effect of Change	听	Balance without	听
听	听	Three months ended	听	(Increase)/	听	adoption of	听
听	听	March听31, 2018	听	Decrease	听	ASU 2014-09	听
听	听	in millions					听
Net revenue	$	3,230	听	(65)	听	3,165	听
听	听	听	听	听	听	听	听
Cost of retail sales	$	2,093	听	15	听	2,108	听
Selling, general and administrative expenses, including stock-based compensation and transaction related costs	$	452	听	28	听	480	听
Operating	$	228	听	5	听	233	听
Income tax expense	$	(29)	听	3	听	(26)	听
Net income	$	384	听	(14)	听	370	听

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