QVC Inc. (QVCC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
, |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5961 - Catalog and Mail-Order Houses (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 297 | 307 | 357 | 510 | 682 | 561 | |||
| Cash and cash equivalent | 297 | 307 | 357 | 510 | 682 | 561 | |||
| Restricted cash and investments | 18 | 15 | 10 | 9 | 8 | 8 | |||
| Receivables | 1,134 | 1,295 | 1,362 | 1,645 | 1,602 | 1,813 | |||
| Inventory, net of allowances, customer advances and progress billings | 901 | 860 | 1,035 | 1,355 | 1,119 | 1,214 | |||
| Inventory | 901 | 860 | 1,035 | 1,355 | 1,119 | 1,214 | |||
| Prepaid expense | 154 | 162 | 144 | 180 | 293 | 184 | |||
| Total current assets: | 2,504 | 2,639 | 2,908 | 3,699 | 3,704 | 3,780 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 482 | 510 | 419 | 201 | 221 | 214 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 410 | 427 | 472 | 966 | 1,178 | 1,215 | |||
| Long-term investments and receivables | 1,740 | 1,740 | 1,825 | ||||||
| Due from related parties | ✕ | ✕ | ✕ | 1,740 | 1,740 | 1,825 | |||
| Intangible asset, including goodwill, after accumulated amortization | 4,663 | 6,262 | 6,654 | 9,375 | 9,488 | 9,469 | |||
| Goodwill | 2,204 | 3,151 | 3,470 | 5,968 | 6,034 | 5,971 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 2,459 | 3,111 | 3,184 | 3,407 | 3,454 | 3,498 | |||
| Other noncurrent assets | 44 | 54 | 68 | 62 | 79 | 109 | |||
| Other undisclosed noncurrent assets | 1,786 | 1,828 | 143 | 145 | 63 | 140 | |||
| Total noncurrent assets: | 7,385 | 9,081 | 9,496 | 12,489 | 12,854 | 11,147 | |||
| TOTAL ASSETS: | 9,889 | 11,720 | 12,404 | 16,188 | 16,558 | 14,927 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,596 | 1,776 | 1,800 | 2,450 | 2,429 | 1,958 | |||
| Accounts payable | 722 | 838 | 832 | 1,271 | 1,127 | 913 | |||
| Accrued liabilities | 874 | 938 | 968 | 1,179 | 1,302 | 1,045 | |||
| Debt | 585 | 424 | 216 | 20 | 410 | 18 | |||
| Other liabilities | 52 | 51 | |||||||
| Total current liabilities: | 2,233 | 2,251 | 2,016 | 2,470 | 2,839 | 1,976 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,313 | 3,911 | 4,721 | 5,023 | 4,549 | 5,101 | |||
| Long-term debt, excluding current maturities | 3,313 | 3,911 | 4,721 | 5,023 | 4,549 | ||||
| Finance lease, liability | 1 | 2 | 137 | 150 | 163 | ||||
| Other undisclosed long-term debt and lease obligation | (1) | (2) | (137) | (150) | 4,748 | ||||
| Liabilities, other than long-term debt | 974 | 1,221 | 1,095 | 930 | 1,035 | 322 | |||
| Deferred income tax liabilities | 394 | 621 | 577 | 636 | 711 | ||||
| Other liabilities | 105 | 112 | 518 | 294 | 324 | 322 | |||
| Operating lease, liability | 475 | 488 | 190 | ||||||
| Other undisclosed noncurrent liabilities | 724 | ||||||||
| Total noncurrent liabilities: | 4,287 | 5,132 | 5,816 | 5,953 | 5,584 | 6,147 | |||
| Total liabilities: | 6,520 | 7,383 | 7,832 | 8,423 | 8,423 | 8,123 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,293 | 4,250 | 4,477 | 7,643 | 8,002 | 6,674 | |||
| Additional paid in capital | 11,201 | 10,901 | 10,869 | 10,687 | 10,741 | 9,208 | |||
| Accumulated other comprehensive loss | (370) | (290) | (312) | (146) | (17) | (144) | |||
| Accumulated deficit | (7,538) | (6,361) | (6,080) | (2,898) | (2,722) | (2,390) | |||
| Equity, attributable to noncontrolling interest | 76 | 87 | 95 | 122 | 133 | 130 | |||
| Total equity: | 3,369 | 4,337 | 4,572 | 7,765 | 8,135 | 6,804 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,889 | 11,720 | 12,404 | 16,188 | 16,558 | 14,927 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,997 | 9,449 | 9,887 | 11,354 | 11,472 | 10,986 | ||
| Cost of revenue | (9,075) | (6,273) | (6,846) | (7,368) | (7,418) | (7,148) | ||
| Cost of product and service sold | (5,905) | (6,273) | (6,846) | (7,368) | (7,418) | (7,148) | ||
| Other undisclosed gross profit | 3,170 | |||||||
| Gross profit: | 3,092 | 3,176 | 3,041 | 3,986 | 4,054 | 3,838 | ||
| Operating expenses | (692) | (9,659) | ||||||
| Other undisclosed operating income (loss) | (3,170) | (2,487) | 7,148 | |||||
| Operating income (loss): | (770) | 3,176 | 3,041 | 3,986 | 1,567 | 1,327 | ||
| Nonoperating expense | (249) | (229) | (191) | (248) | (320) | (248) | ||
| Gain (loss), foreign currency transaction, before tax | 9 | (10) | 32 | (9) | 6 | (3) | ||
| Interest and debt expense | 10 | (3) | (8) | (8) | (9) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 9 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,019) | 2,957 | 2,847 | 3,730 | 1,239 | 1,079 | ||
| Loss from equity method investments | (30) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,541) | (4,437) | (2,471) | 38 | ||||
| Income (loss) from continuing operations before income taxes: | (1,019) | 416 | (1,590) | 1,259 | 1,247 | 1,079 | ||
| Income tax expense (benefit) | (3) | (205) | (220) | (408) | (337) | (262) | ||
| Income (loss) from continuing operations: | (1,022) | 211 | (1,810) | 851 | 910 | 817 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 851 | 910 | 817 | |
| Other undisclosed net income | 21 | |||||||
| Net income (loss): | (1,022) | 211 | (1,810) | 851 | 910 | 817 | ||
| Net loss attributable to noncontrolling interest | (47) | (52) | (57) | (64) | (58) | (50) | ||
| Net income (loss) available to common stockholders, diluted: | (1,069) | 159 | (1,867) | 787 | 852 | 767 | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,022) | 211 | (1,810) | 851 | 910 | 817 | ||
| Other comprehensive income (loss) | (87) | 15 | (182) | (144) | ||||
| Other undisclosed comprehensive income | 118 | 1 | ||||||
| Comprehensive income (loss): | (1,109) | 226 | (1,992) | 707 | 1,028 | 818 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (40) | (45) | (41) | (49) | (65) | (51) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,149) | 181 | (2,033) | 658 | 963 | 767 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.