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 investments510682561543260284327
Cash and cash equivalents510682561543260284327
Restricted cash and investments988781011
Receivables1,6451,6021,8131,7871,3881,2461,370
Inventory, net of allowances, customer advances and progress billings1,3551,1191,2141,2801,019950929
Inventory1,3551,1191,2141,2801,019950929
Prepaid expense180293184216514642
Total current assets:3,6993,7043,7803,8332,7262,5362,679
Noncurrent Assets
Operating lease, right-of-use asset201221214
Property, plant and equipment9661,1781,2151,1651,0051,0311,002
Long-term investments and receivables1,7401,825     
Due from related parties1,7401,825     
Intangible assets, net (including goodwill)9,3759,4889,4699,6387,6807,7337,971
Goodwill5,9686,0345,9715,9725,0754,9955,035
Intangible assets, net (excluding goodwill)3,4073,4543,4983,6662,6052,7382,936
Derivative instruments and hedges    22 
Other noncurrent assets627910980616267
Other undisclosed noncurrent assets1456314014076181339
Total noncurrent assets:12,48912,85411,14711,0238,8249,0099,379
TOTAL ASSETS:16,18816,55814,92714,85611,55011,54512,058
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4502,4291,9582,0341,6281,4471,530
Accounts payable1,2711,1279131,008756678658
Accrued liabilities1,1791,3021,0451,026872769872
Debt204101842117149
Total current liabilities:2,4702,8391,9762,4551,6451,4611,539
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,0234,5495,1014,6995,1735,2755,393
Long-term debt, excluding current maturities5,0234,549     
Finance lease, liability137150163
Operating lease, liability  190
Other undisclosed long-term debt and lease obligation(137)(150)4,7484,6995,1735,2755,393
Liabilities, other than long-term debt9301,0353228735909141,008
Deferred compensation liability, classified      13
Deferred tax liabilities, net700473778827
Deferred income tax liabilities636711 
Other liabilities294324322173117136168
Other undisclosed noncurrent liabilities  724    
Total noncurrent liabilities:5,9535,5846,1475,5725,7636,1896,401
Total liabilities:8,4238,4238,1238,0277,4087,6507,940
Stockholders' equity
Stockholders' equity attributable to parent7,6438,0026,6746,7104,0323,7954,018
Additional paid in capital10,68710,7419,2089,1236,8976,8516,827
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 interest122133130119110100100
Total stockholders' equity:7,7658,1356,8046,8294,1423,8954,118
TOTAL LIABILITIES AND EQUITY:16,18816,55814,92714,85611,55011,54512,058

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
Revenues11,35411,47210,98611,2828,7718,6828,743
Revenue, net11,2828,7718,6828,743
Cost of revenue
(Cost of Goods and Services Sold)
(7,368)(7,418)(7,148)(4)(5,598)(5,540)(5,528)
Gross profit:3,9864,0543,83811,2783,1733,1423,215
Operating expenses  (9,659)  (1,939)(1,940)
Other undisclosed operating income (loss) (2,487)7,148(9,766)(1,826)  
Operating income:3,9861,5671,3271,5121,3471,2031,275
Nonoperating expense(248)(320)(248)(250)(223)(176)(224)
Foreign currency transaction gain (loss), before tax(9)6(3) (6)3814
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:3,7301,2391,0791,2601,1241,0271,030
Loss from equity method investments (30) (3)(3)(6)(9)
Other undisclosed income (loss) from continuing operations before income taxes(2,471)38 53630
Income from continuing operations before income taxes:1,2591,2471,0791,2621,1241,0271,051
Income tax expense(408)(337)(262)(334)(152)(385)(389)
Income before gain (loss) on sale of properties:851910817928972642662
Unusual or infrequent item, or both, net (gain) loss(21)     
Other undisclosed net income21      
Net income:851910817928972642662
Net loss attributable to noncontrolling interest(64)(58)(50)(46)(46)(38)(34)
Net income available to common stockholders, diluted:787852767882926604628

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:851910817928972642662
Other comprehensive income (loss)(144)  (51)131(84)(101)
Other undisclosed comprehensive income (loss) 1181341(1)
Comprehensive income:7071,0288188801,107559560
Comprehensive loss, net of tax, attributable to noncontrolling interest(49)(65)(51)(49)(50)(39)(33)
Comprehensive income, net of tax, attributable to parent:6589637678311,057520527

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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