Information º¬Ð߲ݴ«Ã½ º¬Ð߲ݴ«Ã½'s Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2020 |
|---|
| Information º¬Ð߲ݴ«Ã½ º¬Ð߲ݴ«Ã½'s Operating Segments |
Ìý
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| Schedule of disaggregation of revenue |
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Three months ended |
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SeptemberÌý30, 2020 |
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​ |
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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Nine months ended |
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SeptemberÌý30, 2020 |
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​ |
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​ |
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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Three months ended |
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​ |
SeptemberÌý30, 2019 |
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​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
|
​ |
​ |
in millions |
Home |
​ |
$ |
670 |
​ |
236 |
​ |
95 |
​ |
187 |
​ |
1,188 |
Apparel |
​ |
​ |
334 |
​ |
107 |
​ |
141 |
​ |
39 |
​ |
621 |
Beauty |
​ |
​ |
303 |
​ |
161 |
​ |
12 |
​ |
— |
​ |
476 |
Accessories |
​ |
​ |
199 |
​ |
63 |
​ |
90 |
​ |
— |
​ |
352 |
Electronics |
​ |
​ |
209 |
​ |
21 |
​ |
3 |
​ |
— |
​ |
233 |
Jewelry |
​ |
​ |
98 |
​ |
59 |
​ |
12 |
​ |
— |
​ |
169 |
Other revenue |
​ |
​ |
41 |
​ |
3 |
​ |
6 |
​ |
— |
​ |
50 |
Total Revenue |
​ |
$ |
1,854 |
​ |
650 |
​ |
359 |
​ |
226 |
​ |
3,089 |
​
​
​
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|
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|
​ |
​ |
Nine months ended |
​ |
​ |
​ |
SeptemberÌý30, 2019 |
​ |
​ |
​ |
​ |
QxH |
​ |
QVC Int'l |
​ |
Zulily |
​ |
Corp and other |
​ |
Total |
​ |
|
​ |
in millions |
​ |
Home |
​ |
$ |
2,009 |
​ |
714 |
​ |
298 |
​ |
530 |
​ |
3,551 |
​ |
Apparel |
​ |
​ |
1,005 |
​ |
327 |
​ |
422 |
​ |
117 |
​ |
1,871 |
​ |
Beauty |
​ |
​ |
915 |
​ |
462 |
​ |
37 |
​ |
— |
​ |
1,414 |
​ |
Accessories |
​ |
​ |
667 |
​ |
190 |
​ |
295 |
​ |
— |
​ |
1,152 |
​ |
Electronics |
​ |
​ |
564 |
​ |
68 |
​ |
10 |
​ |
— |
​ |
642 |
​ |
Jewelry |
​ |
​ |
303 |
​ |
161 |
​ |
37 |
​ |
— |
​ |
501 |
​ |
Other revenue |
​ |
​ |
122 |
​ |
12 |
​ |
20 |
​ |
— |
​ |
154 |
​ |
Total Revenue |
​ |
$ |
5,585 |
​ |
1,934 |
​ |
1,119 |
​ |
647 |
​ |
9,285 |
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|
| Summarized Adjusted OIBDA |
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Three months ended SeptemberÌý30, |
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Nine months ended SeptemberÌý30, |
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2020 |
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2019 |
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2020 |
​ |
2019 |
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|
​ |
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amountsÌýinÌýmillions |
​ |
​ |
​ |
​ |
​ |
​ |
QxH |
​ |
$ |
380 |
Ìý |
346 |
​ |
​ |
1,061 |
Ìý |
1,093 |
​ |
QVC International |
​ |
​ |
132 |
​ |
106 |
​ |
​ |
348 |
​ |
313 |
​ |
Zulily |
​ |
Ìý |
27 |
Ìý |
8 |
​ |
​ |
74 |
Ìý |
32 |
​ |
Corporate and other |
​ |
Ìý |
27 |
Ìý |
(4) |
​ |
​ |
32 |
Ìý |
(9) |
​ |
Consolidated º¬Ð߲ݴ«Ã½ |
​ |
$ |
566 |
Ìý |
456 |
​ |
​ |
1,515 |
Ìý |
1,429 |
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|
| Other Information By Segment |
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SeptemberÌý30, 2020 |
Ìý |
​ |
​ |
Total assets |
​ |
Investments inÌýaffiliates |
​ |
Capital expenditures |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
QxH |
​ |
$ |
11,928 |
Ìý |
38 |
​ |
121 |
​ |
QVC International |
​ |
​ |
2,294 |
​ |
— |
​ |
19 |
​ |
Zulily |
​ |
​ |
1,085 |
​ |
— |
​ |
17 |
​ |
Corporate and other |
​ |
Ìý |
1,485 |
Ìý |
14 |
​ |
8 |
​ |
Consolidated º¬Ð߲ݴ«Ã½ |
​ |
$ |
16,792 |
Ìý |
52 |
​ |
165 |
​ |
|
| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
​
|
|
|
|
|
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|
|
|
|
|
​ |
​ |
Three months ended |
​ |
Nine months ended |
Ìý |
​ |
​ |
SeptemberÌý30, |
​ |
SeptemberÌý30, |
Ìý |
​ |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
ÌýÌýÌýÌý |
2020 |
ÌýÌýÌýÌý |
2019 |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
Ìý |
Adjusted OIBDA |
​ |
$ |
566 |
Ìý |
456 |
Ìý |
1,515 |
Ìý |
1,429 |
​ |
Stock-based compensation |
​ |
Ìý |
(19) |
Ìý |
(17) |
Ìý |
(46) |
Ìý |
(54) |
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Depreciation and amortization |
​ |
Ìý |
(141) |
Ìý |
(146) |
Ìý |
(427) |
Ìý |
(457) |
​ |
Impairment of intangible assets |
​ |
​ |
— |
​ |
(1,020) |
​ |
— |
​ |
(1,020) |
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Transaction related costs |
​ |
​ |
— |
​ |
— |
​ |
— |
​ |
(1) |
​ |
Operating income (loss) |
​ |
$ |
406 |
​ |
(727) |
​ |
1,042 |
​ |
(103) |
​ |
Interest expense |
​ |
Ìý |
(98) |
Ìý |
(93) |
Ìý |
(290) |
Ìý |
(282) |
​ |
Share of earnings (loss) of affiliates, net |
​ |
Ìý |
(32) |
Ìý |
(36) |
Ìý |
(96) |
Ìý |
(104) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(12) |
Ìý |
(45) |
Ìý |
(127) |
Ìý |
(239) |
​ |
Gains (losses) on transactions, net |
​ |
​ |
223 |
​ |
— |
​ |
224 |
​ |
(1) |
​ |
Other, net |
​ |
Ìý |
(65) |
Ìý |
(4) |
Ìý |
(65) |
Ìý |
(18) |
​ |
Earnings (loss) before income taxes |
​ |
$ |
422 |
Ìý |
(905) |
Ìý |
688 |
Ìý |
(747) |
​ |
|