QVC, Inc. (QVCD) financial statements (2022 and earlier)
Company profile
| Business Address |
, |
| State of Incorp. | DE |
| 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 investments | 510 | 682 | 561 | 543 | 260 | 284 | 327 | ||
| Cash and cash equivalents | 510 | 682 | 561 | 543 | 260 | 284 | 327 | ||
| Restricted cash and investments | 9 | 8 | 8 | 7 | 8 | 10 | 11 | ||
| Receivables | 1,645 | 1,602 | 1,813 | 1,787 | 1,388 | 1,246 | 1,370 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,355 | 1,119 | 1,214 | 1,280 | 1,019 | 950 | 929 | ||
| Inventory | 1,355 | 1,119 | 1,214 | 1,280 | 1,019 | 950 | 929 | ||
| Prepaid expense | 180 | 293 | 184 | 216 | 51 | 46 | 42 | ||
| Total current assets: | 3,699 | 3,704 | 3,780 | 3,833 | 2,726 | 2,536 | 2,679 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 201 | 221 | 214 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 966 | 1,178 | 1,215 | 1,165 | 1,005 | 1,031 | 1,002 | ||
| Long-term investments and receivables | 1,740 | 1,825 | |||||||
| Due from related parties | 1,740 | 1,825 | |||||||
| Intangible assets, net (including goodwill) | 9,375 | 9,488 | 9,469 | 9,638 | 7,680 | 7,733 | 7,971 | ||
| Goodwill | 5,968 | 6,034 | 5,971 | 5,972 | 5,075 | 4,995 | 5,035 | ||
| Intangible assets, net (excluding goodwill) | 3,407 | 3,454 | 3,498 | 3,666 | 2,605 | 2,738 | 2,936 | ||
| Derivative instruments and hedges | 2 | 2 | |||||||
| Other noncurrent assets | 62 | 79 | 109 | 80 | 61 | 62 | 67 | ||
| Other undisclosed noncurrent assets | 145 | 63 | 140 | 140 | 76 | 181 | 339 | ||
| Total noncurrent assets: | 12,489 | 12,854 | 11,147 | 11,023 | 8,824 | 9,009 | 9,379 | ||
| TOTAL ASSETS: | 16,188 | 16,558 | 14,927 | 14,856 | 11,550 | 11,545 | 12,058 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,450 | 2,429 | 1,958 | 2,034 | 1,628 | 1,447 | 1,530 | ||
| Accounts payable | 1,271 | 1,127 | 913 | 1,008 | 756 | 678 | 658 | ||
| Accrued liabilities | 1,179 | 1,302 | 1,045 | 1,026 | 872 | 769 | 872 | ||
| Debt | 20 | 410 | 18 | 421 | 17 | 14 | 9 | ||
| Total current liabilities: | 2,470 | 2,839 | 1,976 | 2,455 | 1,645 | 1,461 | 1,539 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 5,023 | 4,549 | 5,101 | 4,699 | 5,173 | 5,275 | 5,393 | ||
| Long-term debt, excluding current maturities | 5,023 | 4,549 | |||||||
| Finance lease, liability | 137 | 150 | 163 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 190 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | (137) | (150) | 4,748 | 4,699 | 5,173 | 5,275 | 5,393 | ||
| Liabilities, other than long-term debt | 930 | 1,035 | 322 | 873 | 590 | 914 | 1,008 | ||
| Deferred compensation liability, classified | 13 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 700 | 473 | 778 | 827 | ||
| Deferred income tax liabilities | 636 | 711 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 294 | 324 | 322 | 173 | 117 | 136 | 168 | ||
| Other undisclosed noncurrent liabilities | 724 | ||||||||
| Total noncurrent liabilities: | 5,953 | 5,584 | 6,147 | 5,572 | 5,763 | 6,189 | 6,401 | ||
| Total liabilities: | 8,423 | 8,423 | 8,123 | 8,027 | 7,408 | 7,650 | 7,940 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 7,643 | 8,002 | 6,674 | 6,710 | 4,032 | 3,795 | 4,018 | ||
| Additional paid in capital | 10,687 | 10,741 | 9,208 | 9,123 | 6,897 | 6,851 | 6,827 | ||
| Accumulated other comprehensive loss | (146) | (17) | (144) | (144) | (93) | (224) | (140) | ||
| Accumulated deficit | (2,898) | (2,722) | (2,390) | (2,269) | (2,772) | (2,832) | (2,669) | ||
| Stockholders' equity attributable to noncontrolling interest | 122 | 133 | 130 | 119 | 110 | 100 | 100 | ||
| Total stockholders' equity: | 7,765 | 8,135 | 6,804 | 6,829 | 4,142 | 3,895 | 4,118 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,188 | 16,558 | 14,927 | 14,856 | 11,550 | 11,545 | 12,058 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,354 | 11,472 | 10,986 | 11,282 | 8,771 | 8,682 | 8,743 | |
| Revenue, net | ✕ | ✕ | ✕ | 11,282 | 8,771 | 8,682 | 8,743 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,368) | (7,418) | (7,148) | (4) | (5,598) | (5,540) | (5,528) | |
| Gross profit: | 3,986 | 4,054 | 3,838 | 11,278 | 3,173 | 3,142 | 3,215 | |
| Operating expenses | (9,659) | (1,939) | (1,940) | |||||
| Other undisclosed operating income (loss) | (2,487) | 7,148 | (9,766) | (1,826) | ||||
| Operating income: | 3,986 | 1,567 | 1,327 | 1,512 | 1,347 | 1,203 | 1,275 | |
| Nonoperating expense | (248) | (320) | (248) | (250) | (223) | (176) | (224) | |
| Foreign currency transaction gain (loss), before tax | (9) | 6 | (3) | (6) | 38 | 14 | ||
| Interest and debt expense | (8) | (8) | (9) | (2) | (21) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 9 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 3,730 | 1,239 | 1,079 | 1,260 | 1,124 | 1,027 | 1,030 | |
| Loss from equity method investments | (30) | (3) | (3) | (6) | (9) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,471) | 38 | 5 | 3 | 6 | 30 | ||
| Income from continuing operations before income taxes: | 1,259 | 1,247 | 1,079 | 1,262 | 1,124 | 1,027 | 1,051 | |
| Income tax expense | (408) | (337) | (262) | (334) | (152) | (385) | (389) | |
| Income before gain (loss) on sale of properties: | 851 | 910 | 817 | 928 | 972 | 642 | 662 | |
| Unusual or infrequent item, or both, net (gain) loss | (21) | ✕ | ||||||
| Other undisclosed net income | 21 | |||||||
| Net income: | 851 | 910 | 817 | 928 | 972 | 642 | 662 | |
| Net loss attributable to noncontrolling interest | (64) | (58) | (50) | (46) | (46) | (38) | (34) | |
| Net income available to common stockholders, diluted: | 787 | 852 | 767 | 882 | 926 | 604 | 628 | |
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: | 851 | 910 | 817 | 928 | 972 | 642 | 662 | |
| Other comprehensive income (loss) | (144) | (51) | 131 | (84) | (101) | |||
| Other undisclosed comprehensive income (loss) | 118 | 1 | 3 | 4 | 1 | (1) | ||
| Comprehensive income: | 707 | 1,028 | 818 | 880 | 1,107 | 559 | 560 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (49) | (65) | (51) | (49) | (50) | (39) | (33) | |
| Comprehensive income, net of tax, attributable to parent: | 658 | 963 | 767 | 831 | 1,057 | 520 | 527 | |
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.