QURATE RETAIL, INC. QRTEA Income Statement

Qurate retail, inc. (QRTEA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenue:
Total revenue, net
2,920	4,173	3,089	3,111	3,085	4,376	3,231	3,233	3,230	-	-	-	-	-	2,412	2,563	2,510	3,370	2,153	2,252	2,214	3,252	2,330	2,483	2,434	3,160	2,225	2,400	2,434	3,013	2,196	2,365	2,314	3,079	2,133	2,245	2,159	2,886	1,968	2,053	2,025	2,711	1,827	1,936	1,831	1,798	1,954
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	230	-	0	0	0	-	-	-	-	-	-	511	473	-	475	498	422	580	533
Total revenue, net
-	-	-	-	-	-	-	-	-	-	2,381	2,352	2,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,196	2,365	2,314	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,647	2,664	-	2,196	-	-	-	-	-	-	-	-	2,564	2,498	-	2,302	2,434	2,253	2,378	2,487
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,873	1,254	1,284	1,294	1,759	1,182	1,208	1,183	1,179	1,228
Gross Profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	769	847	782	-	-	-	-	-	-	-	-	-	-
Operating costs and expenses:
Cost of retail sales (exclusive of depreciation shown separately below)
1,933	2,854	2,026	1,996	2,023	2,957	2,109	2,050	2,093	2,236	1,554	1,494	1,505	2,086	1,575	1,621	1,626	2,211	1,358	1,409	1,415	2,082	1,488	1,558	1,556	2,036	1,423	1,521	1,553	1,946	1,407	1,488	1,466	1,975	1,364	1,398	1,377	-	-	-	-	-	-	-	-	-	-
Operating expense
193	251	200	197	196	263	241	238	228	198	160	150	151	195	165	177	170	213	160	166	160	123	203	217	213	42	203	243	244	211	201	199	208	245	209	209	203	-401	186	558	456	-644	492	477	427	582	558
Selling, general and administrative, including stock-based compensation (note 2)
421	485	424	424	425	540	477	428	452	411	279	248	250	298	290	294	308	358	238	247	235	434	234	278	256	202	229	362	366	262	213	241	239	258	185	202	217	-35	167	271	346	-205	297	264	258	347	296
Depreciation and amortization
142	149	146	158	153	148	167	159	163	131	180	206	208	211	225	221	217	224	150	161	168	176	166	164	163	8	154	237	230	154	147	147	143	193	151	148	149	104	141	164	162	66	164	163	173	179	176
Impairment of intangible assets (note 6)
-	-	1,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	-	19	0	-	-	39	-	-	-	0	-	-	-	-	-	-	-	-	-	-	34	-
Total operating costs and expenses
2,689	3,886	3,816	2,775	2,797	3,941	2,994	2,875	2,936	2,976	2,173	2,098	2,114	2,790	2,255	2,313	2,321	3,006	1,906	1,983	1,978	2,808	2,091	2,224	2,188	2,299	2,028	2,363	2,393	2,587	2,007	2,075	2,056	6,810	545	559	569	-4,164	1,748	2,277	2,258	-4,356	2,135	2,112	2,041	2,321	2,258
Operating income
231	287	-727	336	288	435	237	358	294	368	208	254	213	372	157	250	189	364	247	269	236	444	239	259	246	384	197	284	271	426	189	290	258	408	224	288	213	361	220	287	240	340	167	322	212	57	229
Other income (expense):
Interest expense
97	92	93	93	96	93	94	96	98	88	88	89	90	86	92	92	93	87	88	90	95	95	99	98	95	90	89	90	111	142	111	107	106	101	105	107	114	116	166	174	170	137	177	143	137	190	187
Dividend and interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	41
Share of earnings (losses) of affiliates, net
-36	-56	-36	-23	-45	-73	-29	-46	-14	-78	-86	-9	-27	-47	-22	-2	3	-299	31	87	3	-57	36	4	-2	8	29	7	-11	-42	43	35	11	21	62	37	20	28	36	39	9	105	10	14	-105	141	165
Realized and unrealized gains (losses) on financial instruments, net (note 4)
-138	-12	-45	-113	-81	-16	-27	20	99	-135	4	101	175	-528	606	343	-7	16	70	32	-4	-9	18	-41	-25	27	15	9	-73	-13	-160	-160	-18	145	-91	89	-59	65	-89	-81	167	-424	-167	266	-264	77	-37
Gains (losses) on transactions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	111	-	-	-	-	-	-	-	-	-	-	0	288	-	-	0	0	-	-63	30	25	363	-56	-13	113	-2	-2	-1
Other than temporary declines in fair value of investments (note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	444	-
Other, net
13	25	-4	-7	-8	-24	-2	8	11	6	7	-7	1	1	-8	100	38	3	25	-29	15	4	-38	3	7	20	5	-17	-38	16	-2	30	3	-3	-9	3	18	-52	5	2	-2	-114	16	81	11	-24	0
Total other income (expense)
-258	-162	-178	-236	-230	-173	-152	-114	-2	115	-163	-4	59	-651	484	349	-59	-367	37	111	-81	-83	-83	-132	-115	-35	-40	-91	-233	-26	-230	86	-110	62	-143	22	-135	-138	-184	-189	367	-626	-331	331	-497	-404	-19
Earnings (loss) before income taxes
-27	125	-905	100	58	262	85	244	292	483	45	250	272	-279	641	599	130	-3	284	380	155	361	156	127	131	349	157	193	38	400	-41	376	148	470	81	310	78	223	36	98	607	-286	-164	653	-285	-347	210
Income tax (expense) benefit
-18	-29	-150	-30	-8	-25	3	46	36	-1,112	-33	76	84	-124	190	212	38	-26	86	122	3	130	27	40	40	120	35	43	-15	123	-15	127	43	166	56	115	15	-71	-66	57	208	-102	-63	257	-137	-107	76
Earnings (loss) from continuing operations
-	-	-755	130	-	287	82	198	256	1,595	78	174	188	-155	451	387	92	-	-	-	-	231	129	87	91	-	122	-	-	-	-	-	-	304	25	195	63	-	102	-	-	-184	-101	396	-148	-	-
Earnings (loss) from discontinued operations, net of taxes (note 5)
-	-	-	-	-	0	0	0	141	-119	230	10	331	485	27	3	-16	-	-	-	-	40	10	19	19	-	9	-	-	-	-	-	-	0	-32	74	336	-	92	-	-	6,453	-26	90	21	-	-
Net earnings (loss)
-9	154	-755	130	66	287	82	198	397	1,476	308	184	519	330	478	390	76	303	198	258	152	271	139	106	110	246	131	150	53	1,263	-26	249	105	304	-7	269	399	1,303	194	41	399	6,269	-127	486	-127	-240	134
Less net earnings (loss) attributable to the noncontrolling interests
11	13	15	12	11	14	10	11	13	13	12	9	12	11	9	11	8	9	8	16	9	13	19	29	28	5	18	30	26	17	15	15	14	19	12	12	10	16	15	4	10	13	9	8	9	8	9
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders
-20	141	-770	118	55	273	72	187	384	1,463	296	175	507	319	469	379	68	294	190	242	143	258	120	77	82	241	113	120	27	1,246	-41	234	91	285	-19	257	389	1,287	179	37	389	6,256	-136	478	-136	-248	125
Earnings (Loss) Per Common Share
Basic net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. Shareholders per common share (note 3)
-0.05	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3)
-0.05	-	-	-	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Qurate Retail
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders
-	-	-770	118	-	273	72	187	142	-	119	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net earnings (losses) from continuing operations
-	-	-1.85	0.28	-	0.60	0.16	0.40	0.30	-	0.27	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net earnings (losses) from continuing operations
-	-	-1.85	0.28	-	0.59	0.16	0.40	0.30	-	0.26	0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net earnings (losses)
-	-	-1.85	0.28	-	0.60	0.16	0.40	0.30	-	0.27	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net earnings (losses)
-	-	-1.85	0.28	-	0.59	0.16	0.40	0.30	-	0.26	0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
QVC Group
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders
-	-	-	-	-	-	-	-	-	-	-	-	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liberty Ventures common stock
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders
-	-	-	-	-	0	0	0	242	576	177	64	416	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net earnings (losses) from continuing operations
-	-	-	-	-	0.00	0.00	0.00	1.17	13.32	-0.62	0.64	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net earnings (losses) from continuing operations
-	-	-	-	-	0.00	0.00	0.00	1.16	13.16	-0.61	0.63	0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net earnings (losses)
-	-	-	-	-	0.00	0.00	0.00	2.81	6.64	2.06	0.75	4.89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net earnings (losses)
-	-	-	-	-	0.00	0.00	0.00	2.78	6.56	2.03	0.74	4.84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-