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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6736539038253,3593,1951,799
Cash and cash equivalents6736539038252,4492,3061,256
Short-term investments    910889543
Receivables1,8541,8351,7261,3081,4431,2321,274
Inventory, net of allowances, customer advances and progress billings1,4131,4741,4119681,0001,0491,135
Inventory1,4131,4741,4119681,0001,0491,135
Prepaid expense and other current assets218
Deferred tax assets     5
Other current assets636224125687372 
Other undisclosed current assets      (5)
Total current assets:4,5764,1864,1653,1695,8755,5484,426
Noncurrent Assets
Property, plant and equipment1,3511,3221,3411,1311,1401,0931,247
Long-term investments and receivables  2,6722,5032,9942,8572,738
Long-term investments  2,6722,5032,9942,8572,738
Intangible assets, net (including goodwill)10,69911,97012,25910,35911,1329,07811,824
Goodwill6,5767,0177,0826,0526,1125,4049,332
Intangible assets, net (excluding goodwill)4,1234,9535,1774,3075,0203,6742,492
Other noncurrent assets60326750323965 
Prepaid expense and other noncurrent assets98
Other undisclosed noncurrent assets76963,6353,161  4,343
Total noncurrent assets:12,72913,65519,95717,18615,30513,09320,250
TOTAL ASSETS:17,30517,84124,12220,35521,18018,64124,676
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2642,3862,2761,4961,5461,4781,658
Accounts payable1,0911,2041,151790762735591
Accrued liabilities1,1731,1821,1257067847431,067
Debt1,5571,4109968761,226946978
Deferred tax liabilities    972925
Other liabilities180155169162328343195
Total current liabilities:4,0013,9513,4412,5343,1003,7393,756
Noncurrent Liabilities
Long-term debt and lease obligation5,8555,9637,5537,1667,4817,1056,406
Long-term debt, excluding current maturities5,8555,9637,5537,1667,4817,1056,406
Liabilities, other than long-term debt2,4772,1833,0453,7943,7242,0173,079
Deferred tax liabilities, net1,9252,8033,6363,5021,8492,844
Deferred income tax liabilities1,716
Other liabilities761258242158222168235
Total noncurrent liabilities:8,3328,14610,59810,96011,2059,1229,485
Total liabilities:12,33312,09714,03913,49414,30512,86113,241
Stockholders' equity
Stockholders' equity attributable to parent, including:4,8405,6249,9846,7726,7875,6736,936
Additional paid in capital  1,043 37041,147
Accumulated other comprehensive income (loss)(55)(55)(133)(266)(215)(94)99
Retained earnings4,8915,6759,0687,0326,6265,7575,685
Other undisclosed stockholders' equity attributable to parent4466665
Stockholders' equity attributable to noncontrolling interest1321209989881074,499
Total stockholders' equity:4,9725,74410,0836,8616,8755,78011,435
TOTAL LIABILITIES AND EQUITY:17,30517,84124,12220,35521,18018,64124,676

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues13,45814,07010,40410,6479,98910,49911,252
Revenue, net10,40410,6479,98910,49911,252
Cost of revenue(9,612)(10,016)(7,785)(7,515)(7,118)(7,258)(7,493)
Cost of goods and services sold(8,899)     (6,617)
Gross profit:3,8464,0542,6193,1322,8713,2413,759
Operating expenses(3,662)(2,730)(1,576)(2,164)(1,755)(2,053)(2,639)
Operating income:1841,3241,0439681,1161,1881,120
Nonoperating income (expense)(806)(441)480884137(352)(410)
Investment income, nonoperating(251)766181,175 75 
Interest and debt expense1(24)(355)(6)(21)(435)(316)
Other undisclosed income from continuing operations before equity method investments, income taxes      316
Income (loss) from continuing operations before equity method investments, income taxes:(621)8591,1681,8461,232401710
Income from equity method investments     3933
Other undisclosed income (loss) from continuing operations before income taxes(1)24355621396(33)
Income (loss) from continuing operations before income taxes:(622)8831,5231,8521,253836710
Income tax expense (benefit)217(60)964(598)(342)(258)(130)
Income (loss) from continuing operations:(405)8232,4871,254911578580
Income from discontinued operations 141 20 48 
Net income (loss):(405)9642,4871,274911626580
Net loss attributable to noncontrolling interest(51)(48)(46)(39)(42)(89)(79)
Net income (loss) available to common stockholders, diluted:(456)9162,4411,235869537501

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(405)9642,4871,274911626580
Other comprehensive income (loss)14137(85)(122)(211)(74)
Comprehensive income (loss):(404)9682,6241,189789415506
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(52)(50)(50)(40)(41)(77)54
Other undisclosed comprehensive loss, net of tax, attributable to parent      (108)
Comprehensive income (loss), net of tax, attributable to parent:(456)9182,5741,149748338452

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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