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)

12/31/2019
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 investments561543260284327347457
Cash and cash equivalents561543260284327347457
Restricted cash and investments87810111214
Receivables1,8131,7871,3881,2461,3701,1961,111
Inventory, net of allowances, customer advances and progress billings1,2141,2801,019950929882931
Inventory1,2141,2801,019950929882931
Prepaid expense18421651464250 
Prepaid expense and other current assets47
Deferred tax assets    210162
Total current assets:3,7803,8332,7262,5362,6792,6972,722
Noncurrent Assets
Operating lease, right-of-use asset214
Property, plant and equipment1,2151,1651,0051,0311,0021,0261,106
Intangible assets, net (including goodwill)9,4699,6387,6807,7337,9718,2348,533
Goodwill5,9715,9725,0754,9955,0355,0915,197
Intangible assets, net (excluding goodwill)3,4983,6662,6052,7382,9363,1433,336
Derivative instruments and hedges  22   
Other noncurrent assets1098061626758 
Prepaid expense and other noncurrent assets71
Other undisclosed noncurrent assets14014076181339461624
Total noncurrent assets:11,14711,0238,8249,0099,3799,77910,334
TOTAL ASSETS:14,92714,85611,55011,54512,05812,47613,056
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9582,0341,6281,4471,5301,0781,206
Accounts payable9131,008756678658  
Accrued liabilities1,0451,0268727698728851,029
Employee-related liabilities     11098
Taxes payable     8379
Debt1842117149913
Deferred revenue and credits   8573
Other undisclosed current liabilities     351175
Total current liabilities:1,9762,4551,6451,4611,5391,5231,467
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,1014,6995,1735,2755,3934,6203,800
Finance lease, liability163
Operating lease, liability190
Other undisclosed long-term debt and lease obligation4,7484,6995,1735,2755,3934,6203,800
Liabilities, other than long-term debt3228735909141,0081,2871,448
Deferred compensation liability, classified    131714
Deferred tax liabilities, net7004737788271,1211,326
Other liabilities322173117136168149108
Other undisclosed noncurrent liabilities724      
Total noncurrent liabilities:6,1475,5725,7636,1896,4015,9075,248
Total liabilities:8,1238,0277,4087,6507,9407,4306,715
Stockholders' equity
Stockholders' equity attributable to parent6,6746,7104,0323,7954,0184,9436,222
Additional paid in capital9,2089,1236,8976,8516,8276,7876,703
Accumulated other comprehensive income (loss)(144)(144)(93)(224)(140)(39)139
Accumulated deficit(2,390)(2,269)(2,772)(2,832)(2,669)(1,805)(620)
Stockholders' equity attributable to noncontrolling interest130119110100100103119
Total stockholders' equity:6,8046,8294,1423,8954,1185,0466,341
TOTAL LIABILITIES AND EQUITY:14,92714,85611,55011,54512,05812,47613,056

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
Revenues10,98611,2828,7718,6828,7438,8018,623
Revenue, net11,2828,7718,6828,7438,8018,623
Cost of revenue
(Cost of Goods and Services Sold)
(7,148)(4)(5,598)(5,540)(5,528)(5,547)(5,465)
Gross profit:3,83811,2783,1733,1423,2153,2543,158
Operating expenses(9,659)  (1,939)(1,940)(1,975)(1,913)
Other undisclosed operating income (loss)7,148(9,766)(1,826)    
Operating income:1,3271,5121,3471,2031,2751,2791,245
Nonoperating expense(248)(250)(223)(176)(224)(292)(259)
Foreign currency transaction gain (loss), before tax(3) (6)381431
Interest and debt expense(9)(2)  (21)(48)(271)
Other undisclosed income from continuing operations before equity method investments, income taxes9    48271
Income from continuing operations before equity method investments, income taxes:1,0791,2601,1241,0271,030987986
Loss from equity method investments (3)(3)(6)(9)(8)(4)
Other undisclosed income from continuing operations before income taxes 5363084
Income from continuing operations before income taxes:1,0791,2621,1241,0271,051987986
Income tax expense(262)(334)(152)(385)(389)(354)(353)
Net income:817928972642662633633
Net loss attributable to noncontrolling interest(50)(46)(46)(38)(34)(39)(45)
Net income available to common stockholders, diluted:767882926604628594588

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:817928972642662633633
Other comprehensive income (loss) (51)131(84)(101)(178)(47)
Other undisclosed comprehensive income (loss)1341(1)(13)(25)
Comprehensive income:8188801,107559560442561
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(51)(49)(50)(39)(33)2620
Other undisclosed comprehensive loss, net of tax, attributable to parent     (52)(40)
Comprehensive income, net of tax, attributable to parent:7678311,057520527416541

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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