QVC, Inc. (QVCD) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments357510682561543260
Cash and cash equivalents357510682561543260
Restricted cash and investments1098878
Receivables1,3621,6451,6021,8131,7871,388
Inventory, net of allowances, customer advances and progress billings1,0351,3551,1191,2141,2801,019
Inventory1,0351,3551,1191,2141,2801,019
Prepaid expense14418029318421651
Total current assets:2,9083,6993,7043,7803,8332,726
Noncurrent Assets
Operating lease, right-of-use asset419201221214
Property, plant and equipment4729661,1781,2151,1651,005
Long-term investments and receivables 1,7401,7401,825   
Due from related parties1,7401,7401,825   
Intangible assets, net (including goodwill)6,6549,3759,4889,4699,6387,680
Goodwill3,4705,9686,0345,9715,9725,075
Intangible assets, net (excluding goodwill)3,1843,4073,4543,4983,6662,605
Derivative instruments and hedges      2
Other noncurrent assets6862791098061
Other undisclosed noncurrent assets1431456314014076
Total noncurrent assets:9,49612,48912,85411,14711,0238,824
TOTAL ASSETS:12,40416,18816,55814,92714,85611,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8002,4502,4291,9582,0341,628
Accounts payable8321,2711,1279131,008756
Accrued liabilities9681,1791,3021,0451,026872
Debt216204101842117
Other liabilities      
Total current liabilities:2,0162,4702,8391,9762,4551,645
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,7215,0234,5495,1014,6995,173
Long-term debt, excluding current maturities4,7215,0234,549   
Finance lease, liability 2137150163
Other undisclosed long-term debt and lease obligation (2)(137)(150)4,7484,6995,173
Liabilities, other than long-term debt1,0959301,035322873590
Deferred tax liabilities, net700473
Deferred income tax liabilities577636711 
Other liabilities518294324322173117
Operating lease, liability   190
Other undisclosed noncurrent liabilities    724  
Total noncurrent liabilities:5,8165,9535,5846,1475,5725,763
Total liabilities:7,8328,4238,4238,1238,0277,408
Equity
Equity, attributable to parent4,4777,6438,0026,6746,7104,032
Additional paid in capital10,86910,68710,7419,2089,1236,897
Accumulated other comprehensive loss(312)(146)(17)(144)(144)(93)
Accumulated deficit(6,080)(2,898)(2,722)(2,390)(2,269)(2,772)
Equity, attributable to noncontrolling interest95122133130119110
Total equity:4,5727,7658,1356,8046,8294,142
TOTAL LIABILITIES AND EQUITY:12,40416,18816,55814,92714,85611,550

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,88711,35411,47210,98611,2828,771
Revenue, net11,2828,771
Cost of revenue
(Cost of Goods and Services Sold)
(6,846)(7,368)(7,418)(7,148)(4)(5,598)
Gross profit:3,0413,9864,0543,83811,2783,173
Operating expenses    (9,659)  
Other undisclosed operating income (loss)  (2,487)7,148(9,766)(1,826)
Operating income:3,0413,9861,5671,3271,5121,347
Nonoperating expense(191)(248)(320)(248)(250)(223)
Gain (loss), foreign currency transaction, before tax32(9)6(3) (6)
Interest and debt expense(3)(8)(8)(9)(2) 
Other undisclosed income from continuing operations before equity method investments, income taxes    9  
Income from continuing operations before equity method investments, income taxes:2,8473,7301,2391,0791,2601,124
Loss from equity method investments   (30) (3)(3)
Other undisclosed income (loss) from continuing operations before income taxes(4,437)(2,471)38 53
Income (loss) from continuing operations before income taxes:(1,590)1,2591,2471,0791,2621,124
Income tax expense(220)(408)(337)(262)(334)(152)
Income (loss) from continuing operations:(1,810)851910817928972
Income before gain (loss) on sale of properties:851910817928972
Other undisclosed net income  21    
Net income (loss):(1,810)851910817928972
Net loss attributable to noncontrolling interest(57)(64)(58)(50)(46)(46)
Net income (loss) available to common stockholders, diluted:(1,867)787852767882926

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,810)851910817928972
Other comprehensive income (loss)(182)(144)  (51)131
Other undisclosed comprehensive income (loss)  118134
Comprehensive income (loss):(1,992)7071,0288188801,107
Comprehensive loss, net of tax, attributable to noncontrolling interest(41)(49)(65)(51)(49)(50)
Comprehensive income (loss), net of tax, attributable to parent:(2,033)6589637678311,057

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.

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