Qurate Retail, Inc. (QRTEA) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8066736539038253,3593,195
Cash and cash equivalents8066736539038252,4492,306
Short-term investments     910889
Restricted cash and investments8      
Receivables1,6401,8541,8351,7261,3081,4431,232
Inventory, net of allowances, customer advances and progress billings1,3011,4131,4741,4119681,0001,049
Inventory1,3011,4131,4741,4119681,0001,049
Other current assets473636224125687372
Other undisclosed current assets337      
Total current assets:4,5654,5764,1864,1653,1695,8755,548
Noncurrent Assets
Operating lease, right-of-use asset371 
Property, plant and equipment 1,3511,3221,3411,1311,1401,093
Long-term investments and receivables   2,6722,5032,9942,857
Long-term investments   2,6722,5032,9942,857
Intangible assets, net (including goodwill)10,58510,69911,97012,25910,35911,1329,078
Goodwill6,6386,5767,0177,0826,0526,1125,404
Intangible assets, net (excluding goodwill)3,9474,1234,9535,1774,3075,0203,674
Regulated entity, other noncurrent assets51      
Other noncurrent assets54960326750323965
Other undisclosed noncurrent assets87876963,6353,161  
Total noncurrent assets:12,43412,72913,65519,95717,18615,30513,093
TOTAL ASSETS:16,99917,30517,84124,12220,35521,18018,641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7232,2642,3862,2761,4961,5461,478
Accounts payable1,3051,0911,2041,151790762735
Accrued liabilities1,4181,1731,1821,125706784743
Debt1,7501,5571,4109968761,226946
Deferred tax liabilities    972
Other liabilities231180155169162328343
Total current liabilities:4,7044,0013,9513,4412,5343,1003,739
Noncurrent Liabilities
Long-term debt and lease obligation5,1865,8555,9637,5537,1667,4817,105
Long-term debt, excluding current maturities5,1865,8555,9637,5537,1667,4817,105
Liabilities, other than long-term debt3,3762,4772,1833,0453,7943,7242,017
Deferred tax liabilities, net1,9252,8033,6363,5021,849
Deferred income tax liabilities1,3591,716
Financial instruments subject to mandatory redemption, settlement terms, share value, amount1,249      
Other liabilities768761258242158222168
Total noncurrent liabilities:8,5628,3328,14610,59810,96011,2059,122
Total liabilities:13,26612,33312,09714,03913,49414,30512,861
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5984,8405,6249,9846,7726,7875,673
Additional paid in capital   1,043 3704
Accumulated other comprehensive income (loss)72(55)(55)(133)(266)(215)(94)
Retained earnings3,5224,8915,6759,0687,0326,6265,757
Other undisclosed stockholders' equity attributable to parent4446666
Stockholders' equity attributable to noncontrolling interest135132120998988107
Total stockholders' equity:3,7334,9725,74410,0836,8616,8755,780
TOTAL LIABILITIES AND EQUITY:16,99917,30517,84124,12220,35521,18018,641

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues14,17713,45814,07010,40410,6479,98910,499
Revenue, net10,40410,6479,98910,499
Cost of revenue(10,290)(9,612)(10,016)(7,785)(7,515)(7,118)(7,258)
Cost of goods and services sold(9,291)(8,899)     
Gross profit:3,8873,8464,0542,6193,1322,8713,241
Operating expenses(2,315)(3,662)(2,730)(1,576)(2,164)(1,755)(2,053)
Operating income:1,5721841,3241,0439681,1161,188
Nonoperating income (expense)(521)(806)(441)480884137(352)
Investment income, nonoperating(110)(251)766181,175 75
Interest and debt expense(40)1(24)(355)(6)(21)(435)
Income (loss) from continuing operations before equity method investments, income taxes:1,011(621)8591,1681,8461,232401
Income from equity method investments      39
Other undisclosed income (loss) from continuing operations before income taxes40(1)24355621396
Income (loss) from continuing operations before income taxes:1,051(622)8831,5231,8521,253836
Income tax expense (benefit)211217(60)964(598)(342)(258)
Income (loss) from continuing operations:1,262(405)8232,4871,254911578
Income from discontinued operations  141 20 48
Net income (loss):1,262(405)9642,4871,274911626
Net loss attributable to noncontrolling interest(58)(51)(48)(46)(39)(42)(89)
Net income (loss) available to common stockholders, diluted:1,204(456)9162,4411,235869537

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,262(405)9642,4871,274911626
Other comprehensive income (loss)13414137(85)(122)(211)
Comprehensive income (loss):1,396(404)9682,6241,189789415
Comprehensive loss, net of tax, attributable to noncontrolling interest(65)(52)(50)(50)(40)(41)(77)
Comprehensive income (loss), net of tax, attributable to parent:1,331(456)9182,5741,149748338

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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