QURATE RETAIL, INC. QRTEA Income Statement

Qurate retail, inc. (QRTEA)

Income statement / TTM

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
13,293	13,458	13,661	13,803	13,925	14,070	13,038	12,188	11,307	-	-	-	-	-	10,855	10,596	10,285	9,989	9,871	10,048	10,279	10,499	10,407	10,302	10,219	10,219	10,072	10,043	10,008	9,888	9,954	9,891	9,771	9,616	9,423	9,258	9,066	8,932	8,757	8,616	8,499	8,305	7,392	7,519	0	0	0
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	0	0	-	1,975	2,033	0	0	0
Total revenue, net
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	-	-	-	-	-	-	0	0	-	9,367	9,552	0	0	0
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,705	5,591	5,519	5,443	5,332	4,752	4,798	0	0	0
Gross Profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating costs and expenses:
Cost of retail sales (exclusive of depreciation shown separately below)
8,809	8,899	9,002	9,085	9,139	9,209	8,488	7,933	7,377	6,789	6,639	6,660	6,787	6,908	7,033	6,816	6,604	6,393	6,264	6,394	6,543	6,684	6,638	6,573	6,536	6,533	6,443	6,427	6,394	6,307	6,336	6,293	6,203	6,114	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating expense
841	844	856	897	938	970	905	824	736	659	656	661	688	707	725	720	709	699	609	652	703	756	675	675	701	732	901	899	855	819	853	861	871	866	220	197	546	799	556	862	781	752	1,978	2,044	0	0	0
Selling, general and administrative, including stock-based compensation (note 2)
1,754	1,758	1,813	1,866	1,870	1,897	1,768	1,570	1,390	1,188	1,075	1,086	1,132	1,190	1,250	1,198	1,151	1,078	1,154	1,150	1,181	1,202	970	965	1,049	1,159	1,219	1,203	1,082	955	951	923	884	862	569	551	620	749	579	709	702	614	1,166	1,165	0	0	0
Depreciation and amortization
595	606	605	626	627	637	620	633	680	725	805	850	865	874	887	812	752	703	655	671	674	669	501	489	562	629	775	768	678	591	630	634	635	641	552	542	558	571	533	556	555	566	679	691	0	0	0
Impairment of intangible assets (note 6)
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	-
Total operating costs and expenses
13,166	13,274	13,329	12,507	12,607	12,746	11,781	10,960	10,183	9,361	9,175	9,257	9,472	9,679	9,895	9,546	9,216	8,873	8,675	8,860	9,101	9,311	8,802	8,739	8,878	9,083	9,371	9,350	9,062	8,725	12,948	11,486	9,970	8,483	-2,491	-1,288	430	2,119	1,927	2,314	2,149	1,932	8,609	8,732	0	0	0
Operating income
127	184	332	1,296	1,318	1,324	1,257	1,228	1,124	1,043	1,047	996	992	968	960	1,050	1,069	1,116	1,196	1,188	1,178	1,188	1,128	1,086	1,111	1,136	1,178	1,170	1,176	1,163	1,145	1,180	1,178	1,133	1,086	1,082	1,081	1,108	1,087	1,034	1,069	1,041	758	820	0	0	0
Other income (expense):
Interest expense
375	374	375	376	379	381	376	370	363	355	353	357	360	363	364	360	358	360	368	379	387	387	382	372	364	380	432	454	471	466	425	419	419	427	442	503	570	626	647	658	627	594	647	657	0	0	0
Dividend and interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Share of earnings (losses) of affiliates, net
-151	-160	-177	-170	-193	-162	-167	-224	-187	-200	-169	-105	-98	-68	-320	-267	-178	-178	64	69	-14	-19	46	39	42	33	-17	-3	25	47	110	129	131	140	147	121	123	112	189	163	138	24	60	215	0	0	0
Realized and unrealized gains (losses) on financial instruments, net (note 4)
-308	-251	-255	-237	-104	76	-43	-12	69	145	-248	354	596	414	958	422	111	114	89	37	-36	-57	-21	-24	26	-22	-62	-237	-406	-351	-193	-124	125	84	4	6	-164	62	-427	-505	-158	-589	-88	42	0	0	0
Gains (losses) on transactions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	355	362	319	407	42	96	108	0	0	0
Other than temporary declines in fair value of investments (note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other, net
27	6	-43	-41	-26	-7	23	32	17	7	2	-13	94	131	133	166	37	14	15	-48	-16	-24	-8	35	15	-30	-34	-41	6	47	28	21	-6	9	-40	-26	-27	-47	-109	-98	-19	-6	84	68	0	0	0
Total other income (expense)
-834	-806	-817	-791	-669	-441	-153	-164	-54	7	-759	-112	241	123	407	-40	-278	-300	-16	-136	-379	-413	-365	-322	-281	-399	-390	-580	-403	-280	-192	-105	-169	-194	-394	-435	-646	-144	-632	-779	-259	-1,123	-901	-589	0	0	0
Earnings (loss) before income taxes
-707	-622	-485	505	649	883	1,104	1,064	1,070	1,050	288	884	1,233	1,091	1,367	1,010	791	816	1,180	1,052	799	775	763	764	830	737	788	590	773	883	953	1,075	1,009	939	692	647	435	964	455	255	810	-82	-143	231	0	0	0
Income tax (expense) benefit
-227	-217	-213	-60	16	60	-1,027	-1,063	-1,033	-985	3	226	362	316	414	310	220	185	341	282	200	237	227	235	238	183	186	136	220	278	321	392	380	352	115	-7	-65	128	97	100	300	-45	-50	89	0	0	0
Earnings (loss) from continuing operations
-	-	-272	565	-	823	2,131	2,127	2,103	2,035	285	658	871	775	0	0	0	-	-	-	-	538	429	0	0	-	0	-	-	-	-	-	-	587	385	0	0	-	0	-	-	-37	0	0	0	-	-
Earnings (loss) from discontinued operations, net of taxes (note 5)
-	-	-	-	-	141	22	252	262	452	1,056	853	846	499	0	0	0	-	-	-	-	88	57	0	0	-	0	-	-	-	-	-	-	378	470	0	0	-	0	-	-	6,538	0	0	0	-	-
Net earnings (loss)
-480	-405	-272	565	633	964	2,153	2,379	2,365	2,487	1,341	1,511	1,717	1,274	1,247	967	835	911	879	820	668	626	601	593	637	580	1,597	1,440	1,539	1,591	632	651	671	965	1,964	2,165	1,937	1,937	6,903	6,582	7,027	6,501	-8	253	0	0	0
Less net earnings (loss) attributable to the noncontrolling interests
51	51	52	47	46	48	47	49	47	46	44	41	43	39	37	36	41	42	46	57	70	89	81	80	81	79	91	88	73	61	63	60	57	53	50	53	45	45	42	36	40	39	34	34	0	0	0
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders
-531	-456	-324	518	587	916	2,106	2,330	2,318	2,441	1,297	1,470	1,674	1,235	1,210	931	794	869	833	763	598	537	520	513	556	501	1,506	1,352	1,466	1,530	569	591	614	912	1,914	2,112	1,892	1,892	6,861	6,546	6,987	6,462	-42	219	0	0	0
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
-	-	-324	518	-	674	520	559	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	242	818	995	1,059	1,233	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-