v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue, net $ 2,344 $ 2,479 $ 7,093 $ 7,772
Type of revenue us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:        
Cost of goods sold (exclusive of depreciation shown separately below) $ 1,517 $ 1,603 $ 4,560 $ 5,146
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 175 $ 186 $ 533 $ 573
Selling, general and administrative, including stock-based compensation (note 2) 405 415 1,231 1,359
Restructuring, penalties and fire related costs, net of (recoveries) (note 8)   19 18 (189)
Depreciation and amortization 95 105 290 309
Gain on sale of assets and leaseback transactions (note 8)     (1) (119)
Total operating costs and expenses 2,192 2,328 6,631 7,079
Operating income (loss) 152 151 462 693
Other income (expense):        
Interest expense (117) (119) (353) (336)
Dividend and interest income 14 14 41 39
Realized and unrealized gains (losses) on financial instruments, net (note 4) (36) (14) (53) (60)
Loss on disposition of Zulily, net       (64)
Other, net (13) 1 (19) 11
Total other income (expense) (152) (118) (384) (410)
Earnings (loss) before income taxes   33 78 283
Income tax (expense) benefit (15) (21) (53) (119)
Net earnings (loss) (15) 12 25 164
Less net earnings (loss) attributable to the noncontrolling interests 8 11 29 36
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (23) $ 1 $ (4) $ 128
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): (in dollars per share) $ (0.06)   $ (0.01) $ 0.33
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): (in dollars per share) $ (0.06)   $ (0.01) $ 0.33

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