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10-Q Filing

QVC GROUP, INC. CIK: 1355096 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001558370-17-003997
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance lint-20170331.xml
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Allowance for Doubtful Accounts Receivable, Current AllowanceForDoubtfulAccountsReceivableCurrent $99.00M USD Point-in-time
Allowance for Doubtful Accounts Receivable, Current AllowanceForDoubtfulAccountsReceivableCurrent $97.00M USD Point-in-time
Short-term Debt, Fair Value ShorttermDebtFairValue $862.00M USD Point-in-time
Short-term Debt, Fair Value ShorttermDebtFairValue $901.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.74B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $825.00M USD Point-in-time
Long-term Debt, Fair Value LongTermDebtFairValue $805.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.45B USD Point-in-time
Long-term Debt, Fair Value LongTermDebtFairValue $845.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $821.00M USD Point-in-time
Trade and other receivables, net ReceivablesNetCurrent $969.00M USD Point-in-time
Preferred stock, par or stated value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par or stated value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Trade and other receivables, net ReceivablesNetCurrent $1.31B USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Inventory, net InventoryNet $1.05B USD Point-in-time
Inventory, net InventoryNet $968.00M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Other current assets OtherAssetsCurrent $80.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Other current assets OtherAssetsCurrent $68.00M USD Point-in-time
Total current assets AssetsCurrent $3.17B USD Point-in-time
Total current assets AssetsCurrent $2.92B USD Point-in-time
Investments in available-for-sale securities and other cost investments AvailableForSaleSecuritiesNoncurrent $1.92B USD Point-in-time
Investments in available-for-sale securities and other cost investments AvailableForSaleSecuritiesNoncurrent $2.19B USD Point-in-time
Investments in affiliates, accounted for using the equity method EquityMethodInvestments $581.00M USD Point-in-time
Investments in affiliates, accounted for using the equity method EquityMethodInvestments $567.00M USD Point-in-time
Investments in and Advances to Affiliates, at Fair Value InvestmentsInAndAdvancesToAffiliatesAtFairValue $3.16B USD Point-in-time
Investments in and Advances to Affiliates, at Fair Value InvestmentsInAndAdvancesToAffiliatesAtFairValue $3.69B USD Point-in-time
Property and equipment, at cost PropertyPlantAndEquipmentGross $2.21B USD Point-in-time
Property and equipment, at cost PropertyPlantAndEquipmentGross $2.16B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.09B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.03B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.12B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.13B USD Point-in-time
Goodwill Goodwill $6.08B USD Point-in-time
Goodwill Goodwill $6.05B USD Point-in-time
Indefinite-Lived Trademarks IndefiniteLivedTrademarks $3.30B USD Point-in-time
Indefinite-Lived Trademarks IndefiniteLivedTrademarks $3.30B USD Point-in-time
Indefinite Lived Intangible Assets Total IndefiniteLivedIntangibleAssetsTotal $9.35B USD Point-in-time
Indefinite Lived Intangible Assets Total IndefiniteLivedIntangibleAssetsTotal $9.38B USD Point-in-time
Intangible assets subject to amortization, net FiniteLivedIntangibleAssetsNet $862.00M USD Point-in-time
Intangible assets subject to amortization, net FiniteLivedIntangibleAssetsNet $1.00B USD Point-in-time
Other assets OtherAssetsNoncurrent $35.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $32.00M USD Point-in-time
Total assets Assets $20.36B USD Point-in-time
Total assets Assets $20.76B USD Point-in-time
Accounts payable AccountsPayableCurrent $790.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $727.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $706.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $601.00M USD Point-in-time
Current portion of debt DebtCurrent $876.00M USD Point-in-time
Current portion of debt DebtCurrent $917.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $162.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $180.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.42B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.53B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.01B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.17B USD Point-in-time
Deferred Tax Liabilities, Net, Noncurrent DeferredTaxLiabilitiesNoncurrent $3.91B USD Point-in-time
Deferred Tax Liabilities, Net, Noncurrent DeferredTaxLiabilitiesNoncurrent $3.64B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $162.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $158.00M USD Point-in-time
Total liabilities Liabilities $13.49B USD Point-in-time
Total liabilities Liabilities $13.51B USD Point-in-time
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued PreferredStockValue - USD Point-in-time
Accumulated other comprehensive earnings, net of taxes AccumulatedOtherComprehensiveIncomeLossNetOfTax $-266.00M USD Point-in-time
Accumulated other comprehensive earnings, net of taxes AccumulatedOtherComprehensiveIncomeLossNetOfTax $-243.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.40B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.03B USD Point-in-time
Total stockholders' equity StockholdersEquity $7.16B USD Point-in-time
Total stockholders' equity StockholdersEquity $6.77B USD Point-in-time
Noncontrolling interests in equity of subsidiaries MinorityInterest $85.00M USD Point-in-time
Noncontrolling interests in equity of subsidiaries MinorityInterest $89.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.86B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.25B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $20.36B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $20.76B USD Point-in-time
Income Statement 37 line items
Line Item Tag Value Unit Period
Total revenue, net SalesRevenueGoodsNet $2.51B USD 1 Quarter
Total revenue, net SalesRevenueGoodsNet $2.33B USD 1 Quarter
Cost of sales CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization $1.50B USD 1 Quarter
Cost of sales CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization $1.63B USD 1 Quarter
Operating expenses OperatingCostsAndExpensesOtherThanDeprecation $170.00M USD 1 Quarter
Operating expenses OperatingCostsAndExpensesOtherThanDeprecation $151.00M USD 1 Quarter
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $308.00M USD 1 Quarter
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $250.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $217.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $208.00M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $2.32B USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $2.11B USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $189.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $213.00M USD 1 Quarter
Interest expense InterestExpense $90.00M USD 1 Quarter
Interest expense InterestExpense $93.00M USD 1 Quarter
Share of earnings (losses) of affiliates, net IncomeLossFromEquityMethodInvestments $3.00M USD 1 Quarter
Share of earnings (losses) of affiliates, net IncomeLossFromEquityMethodInvestments $-27.00M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments $-7.00M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments $701.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $38.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $1.00M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $585.00M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-59.00M USD 1 Quarter
Total IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $798.00M USD 1 Quarter
Total IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $130.00M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $279.00M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $38.00M USD 1 Quarter
Earnings (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $92.00M USD 1 Quarter
Earnings (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $519.00M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest IncomeLossFromDiscontinuedOperationsNetOfTax $-16.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $76.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $519.00M USD 1 Quarter
Less net earnings (losses) attributable to the noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $12.00M USD 1 Quarter
Less net earnings (losses) attributable to the noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.00M USD 1 Quarter
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders NetIncomeLoss $68.00M USD 1 Quarter
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders NetIncomeLoss $507.00M USD 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net earnings (loss) ProfitLoss $76.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $519.00M USD 1 Quarter
Earnings (loss) from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax $-16.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $208.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $217.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $16.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $31.00M USD 1 Quarter
Cash payments for stock-based Compensation EmployeeBenefitsAndShareBasedCompensation $-10.00M USD 1 Quarter
Share of (earnings) of affiliates, net IncomeLossFromEquityMethodInvestments $-27.00M USD 1 Quarter
Share of (earnings) of affiliates, net IncomeLossFromEquityMethodInvestments $3.00M USD 1 Quarter
Cash receipts from returns on equity investments CashReceiptsFromReturnOnEquityInvestments $7.00M USD 1 Quarter
Cash receipts from returns on equity investments CashReceiptsFromReturnOnEquityInvestments $9.00M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments $701.00M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments $-7.00M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $255.00M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $6.00M USD 1 Quarter
Other noncash charges (credits), net OtherNoncashIncomeExpense $36.00M USD 1 Quarter
Other noncash charges (credits), net OtherNoncashIncomeExpense $-3.00M USD 1 Quarter
Current and other assets IncreaseDecreaseInOperatingAssets $-254.00M USD 1 Quarter
Current and other assets IncreaseDecreaseInOperatingAssets $-281.00M USD 1 Quarter
Payables and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-300.00M USD 1 Quarter
Payables and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-162.00M USD 1 Quarter
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $294.00M USD 1 Quarter
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $426.00M USD 1 Quarter
Cash proceeds from dispositions of investments ProceedsFromDispositionOfInvestments $9.00M USD 1 Quarter
Investments in and loans to cost and equity investees PaymentsToAcquireInvestments $22.00M USD 1 Quarter
Investments in and loans to cost and equity investees PaymentsToAcquireInvestments $21.00M USD 1 Quarter
Capital expended for property and equipment PaymentsToAcquireProductiveAssets $51.00M USD 1 Quarter
Capital expended for property and equipment PaymentsToAcquireProductiveAssets $30.00M USD 1 Quarter
Purchases of short-term and other marketable securities PaymentsToAcquireMarketableSecurities $116.00M USD 1 Quarter
Sales of short term and other marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $425.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $12.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $1.00M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-52.00M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $233.00M USD 1 Quarter
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt $623.00M USD 1 Quarter
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt $499.00M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $598.00M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $704.00M USD 1 Quarter
Repurchases of QVC Group common stock PaymentsForRepurchaseOfCommonStock $152.00M USD 1 Quarter
Repurchases of QVC Group common stock PaymentsForRepurchaseOfCommonStock $238.00M USD 1 Quarter
Withholding taxes on net share settlements of stock-based compensation PaymentsAndExcessBenefitRelatedToTaxWithholdingsForShareBasedCompensation $8.00M USD 1 Quarter
Withholding taxes on net share settlements of stock-based compensation PaymentsAndExcessBenefitRelatedToTaxWithholdingsForShareBasedCompensation $4.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-26.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-5.00M USD 1 Quarter
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-387.00M USD 1 Quarter
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-226.00M USD 1 Quarter
Effect of foreign currency exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $-13.00M USD 1 Quarter
Effect of foreign currency exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $9.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-4.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $294.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.45B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $821.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $825.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.74B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.45B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $821.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $825.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.74B USD Point-in-time
Cash Provided by (Used in) Operating Activities, Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $6.00M USD 1 Quarter
Net Cash Provided by (Used in) Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations $6.00M USD 1 Quarter
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.86B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.25B USD Point-in-time
Net earnings (loss) ProfitLoss $76.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $519.00M USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $29.00M USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $33.00M USD 1 Quarter
Cumulative effect of accounting change CumulativeEffectOfNewAccountingPrincipleAdoptedInPeriod $16.00M USD 1 Quarter
Series A QVC Group stock repurchases StockRepurchasedDuringPeriodValue $152.00M USD 1 Quarter
Minimum withholding taxes on net share settlements of stock-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $4.00M USD 1 Quarter
Stock issued upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.00M USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $22.00M USD 1 Quarter
Other StockholdersEquityOther $1.00M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.86B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.25B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net earnings (loss) ProfitLoss $76.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $519.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $27.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $34.00M USD 1 Quarter
Share of other comprehensive earnings (losses) of equity affiliates ShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $-1.00M USD 1 Quarter
Share of other comprehensive earnings (losses) of equity affiliates ShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $2.00M USD 1 Quarter
Other comprehensive earnings (loss), Net-of-tax amount OtherComprehensiveIncomeLossNetOfTax $29.00M USD 1 Quarter
Other comprehensive earnings (loss), Net-of-tax amount OtherComprehensiveIncomeLossNetOfTax $33.00M USD 1 Quarter
Comprehensive earnings (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $109.00M USD 1 Quarter
Comprehensive earnings (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $548.00M USD 1 Quarter
Less comprehensive earnings (loss) attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $18.00M USD 1 Quarter
Less comprehensive earnings (loss) attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $15.00M USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Interactive Corporation shareholders ComprehensiveIncomeNetOfTax $94.00M USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Interactive Corporation shareholders ComprehensiveIncomeNetOfTax $530.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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