QVC, Inc. (QVCD) financial statements (2021 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)

12/31/2020
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 investments682561543260284327347
Cash and cash equivalents682561543260284327347
Restricted cash and investments8878101112
Receivables1,6021,8131,7871,3881,2461,3701,196
Inventory, net of allowances, customer advances and progress billings1,1191,2141,2801,019950929882
Inventory1,1191,2141,2801,019950929882
Prepaid expense29318421651464250
Deferred tax assets    210
Total current assets:3,7043,7803,8332,7262,5362,6792,697
Noncurrent Assets
Operating lease, right-of-use asset221214
Property, plant and equipment1,1781,2151,1651,0051,0311,0021,026
Long-term investments and receivables1,825      
Due from related parties1,825      
Intangible assets, net (including goodwill)9,4889,4699,6387,6807,7337,9718,234
Goodwill6,0345,9715,9725,0754,9955,0355,091
Intangible assets, net (excluding goodwill)3,4543,4983,6662,6052,7382,9363,143
Derivative instruments and hedges   22  
Other noncurrent assets791098061626758
Other undisclosed noncurrent assets6314014076181339461
Total noncurrent assets:12,85411,14711,0238,8249,0099,3799,779
TOTAL ASSETS:16,55814,92714,85611,55011,54512,05812,476
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4291,9582,0341,6281,4471,5301,078
Accounts payable1,1279131,008756678658 
Accrued liabilities1,3021,0451,026872769872885
Employee-related liabilities      110
Taxes payable      83
Debt41018421171499
Deferred revenue and credits   85
Other undisclosed current liabilities      351
Total current liabilities:2,8391,9762,4551,6451,4611,5391,523
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,5495,1014,6995,1735,2755,3934,620
Long-term debt, excluding current maturities4,549      
Finance lease, liability150163
Operating lease, liability 190
Other undisclosed long-term debt and lease obligation(150)4,7484,6995,1735,2755,3934,620
Liabilities, other than long-term debt1,0353228735909141,0081,287
Deferred compensation liability, classified     1317
Deferred tax liabilities, net7004737788271,121
Deferred income tax liabilities711 
Other liabilities324322173117136168149
Other undisclosed noncurrent liabilities 724     
Total noncurrent liabilities:5,5846,1475,5725,7636,1896,4015,907
Total liabilities:8,4238,1238,0277,4087,6507,9407,430
Stockholders' equity
Stockholders' equity attributable to parent8,0026,6746,7104,0323,7954,0184,943
Additional paid in capital10,7419,2089,1236,8976,8516,8276,787
Accumulated other comprehensive loss(17)(144)(144)(93)(224)(140)(39)
Accumulated deficit(2,722)(2,390)(2,269)(2,772)(2,832)(2,669)(1,805)
Stockholders' equity attributable to noncontrolling interest133130119110100100103
Total stockholders' equity:8,1356,8046,8294,1423,8954,1185,046
TOTAL LIABILITIES AND EQUITY:16,55814,92714,85611,55011,54512,05812,476

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
Revenues11,47210,98611,2828,7718,6828,7438,801
Revenue, net11,2828,7718,6828,7438,801
Cost of revenue
(Cost of Goods and Services Sold)
(7,418)(7,148)(4)(5,598)(5,540)(5,528)(5,547)
Gross profit:4,0543,83811,2783,1733,1423,2153,254
Operating expenses (9,659)  (1,939)(1,940)(1,975)
Other undisclosed operating income (loss)(2,487)7,148(9,766)(1,826)   
Operating income:1,5671,3271,5121,3471,2031,2751,279
Nonoperating expense(320)(248)(250)(223)(176)(224)(292)
Foreign currency transaction gain (loss), before tax6(3) (6)38143
Interest and debt expense(8)(9)(2)  (21)(48)
Other undisclosed income from continuing operations before equity method investments, income taxes 9    48
Income from continuing operations before equity method investments, income taxes:1,2391,0791,2601,1241,0271,030987
Loss from equity method investments(30) (3)(3)(6)(9)(8)
Other undisclosed income from continuing operations before income taxes38 536308
Income from continuing operations before income taxes:1,2471,0791,2621,1241,0271,051987
Income tax expense(337)(262)(334)(152)(385)(389)(354)
Net income:910817928972642662633
Net loss attributable to noncontrolling interest(58)(50)(46)(46)(38)(34)(39)
Net income available to common stockholders, diluted:852767882926604628594

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:910817928972642662633
Other comprehensive income (loss)  (51)131(84)(101)(178)
Other undisclosed comprehensive income (loss)1181341(1)(13)
Comprehensive income:1,0288188801,107559560442
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(65)(51)(49)(50)(39)(33)26
Other undisclosed comprehensive loss, net of tax, attributable to parent      (52)
Comprehensive income, net of tax, attributable to parent:9637678311,057520527416

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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