Qurate Retail, Inc. (QRTEA) financial statements (2022 and earlier)

Company profile

Business Address 12300 LIBERTY BOULEVARD
ENGLEWOOD, CO 80112
State of Incorp.
Fiscal Year End December 31
SIC 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5878066736539038253,359
Cash and cash equivalents5878066736539038252,449
Short-term investments      910
Restricted cash and investments98     
Receivables1,6791,6401,8541,8351,7261,3081,443
Inventory, net of allowances, customer advances and progress billings1,6231,3011,4131,4741,4119681,000
Inventory1,6231,3011,4131,4741,4119681,000
Other current assets2354736362241256873
Other undisclosed current assets315337     
Total current assets:4,4484,5654,5764,1864,1653,1695,875
Noncurrent Assets
Operating lease, right-of-use asset351371 
Property, plant and equipment  1,3511,3221,3411,1311,140
Long-term investments and receivables    2,6722,5032,994
Long-term investments    2,6722,5032,994
Intangible assets, net (including goodwill)10,12210,58510,69911,97012,25910,35911,132
Goodwill6,3396,6386,5767,0177,0826,0526,112
Intangible assets, net (excluding goodwill)3,7833,9474,1234,9535,1774,3075,020
Regulated entity, other noncurrent assets4451     
Other noncurrent assets602549603267503239
Other undisclosed noncurrent assets68287876963,6353,161 
Total noncurrent assets:11,80112,43412,72913,65519,95717,18615,305
TOTAL ASSETS:16,24916,99917,30517,84124,12220,35521,180
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6652,7232,2642,3862,2761,4961,546
Accounts payable1,4291,3051,0911,2041,151790762
Accrued liabilities1,2361,4181,1731,1821,125706784
Debt1,3151,7501,5571,4109968761,226
Other liabilities244231180155169162328
Total current liabilities:4,2244,7044,0013,9513,4412,5343,100
Noncurrent Liabilities
Long-term debt and lease obligation5,6745,1865,8555,9637,5537,1667,481
Long-term debt, excluding current maturities5,6745,1865,8555,9637,5537,1667,481
Liabilities, other than long-term debt3,3213,3762,4772,1833,0453,7943,724
Deferred tax liabilities, net1,9252,8033,6363,502
Deferred income tax liabilities1,3531,3591,716
Financial instruments subject to mandatory redemption, settlement terms, share value, amount1,2611,249     
Other liabilities707768761258242158222
Total noncurrent liabilities:8,9958,5628,3328,14610,59810,96011,205
Total liabilities:13,21913,26612,33312,09714,03913,49414,305
Stockholders' equity
Stockholders' equity attributable to parent, including:2,8943,5984,8405,6249,9846,7726,787
Additional paid in capital    1,043 370
Accumulated other comprehensive income (loss)(79)72(55)(55)(133)(266)(215)
Retained earnings2,9693,5224,8915,6759,0687,0326,626
Other undisclosed stockholders' equity attributable to parent4444666
Stockholders' equity attributable to noncontrolling interest136135132120998988
Total stockholders' equity:3,0303,7334,9725,74410,0836,8616,875
TOTAL LIABILITIES AND EQUITY:16,24916,99917,30517,84124,12220,35521,180

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14,04414,17713,45814,07010,40410,6479,989
Revenue, net10,40410,6479,989
Cost of revenue(10,082)(10,290)(9,612)(10,016)(7,785)(7,515)(7,118)
Cost of goods and services sold(9,231)(9,291)(8,899)    
Gross profit:3,9623,8873,8464,0542,6193,1322,871
Operating expenses(2,875)(2,315)(3,662)(2,730)(1,576)(2,164)(1,755)
Operating income:1,0871,5721841,3241,0439681,116
Nonoperating income (expense)(449)(521)(806)(441)480884137
Investment income, nonoperating99(110)(251)766181,175 
Interest and debt expense(1)(40)1(24)(355)(6)(21)
Income (loss) from continuing operations before equity method investments, income taxes:6371,011(621)8591,1681,8461,232
Other undisclosed income (loss) from continuing operations before income taxes140(1)24355621
Income (loss) from continuing operations before income taxes:6381,051(622)8831,5231,8521,253
Income tax expense (benefit)(217)211217(60)964(598)(342)
Income (loss) from continuing operations:4211,262(405)8232,4871,254911
Income from discontinued operations   141 20 
Income (loss) before gain (loss) on sale of properties:4211,262(405)9642,4871,274911
Unusual or infrequent item, or both, net (gain) loss(21)     
Other undisclosed net income21      
Net income (loss):4211,262(405)9642,4871,274911
Net loss attributable to noncontrolling interest(81)(58)(51)(48)(46)(39)(42)
Net income (loss) available to common stockholders, diluted:3401,204(456)9162,4411,235869

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4211,262(405)9642,4871,274911
Other comprehensive income (loss)(165)13414137(85)(122)
Comprehensive income (loss):2561,396(404)9682,6241,189789
Comprehensive loss, net of tax, attributable to noncontrolling interest(67)(65)(52)(50)(50)(40)(41)
Comprehensive income (loss), net of tax, attributable to parent:1891,331(456)9182,5741,149748

Statements sources

The financial statements are based on the company's filings with the 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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