Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations

v3.10.0.1
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Total revenue, net $ 14,070 $ 10,404 $ 10,647
Operating costs and expenses:      
Cost of retail sales (exclusive of depreciation shown separately below) 9,209 6,789 6,908
Operating expenses 970 659 707
Selling, general and administrative, including stock-based compensation and transaction related costs 1,897 1,188 1,190
Impairment of intangible assets and long lived assets 33    
Depreciation and amortization 637 725 874
Total operating costs and expenses 12,746 9,361 9,679
Operating income (loss) 1,324 1,043 968
Other income (expense):      
Interest expense (381) (355) (363)
Share of earnings (losses) of affiliates, net (162) (200) (68)
Realized and unrealized gains (losses) on financial instruments, net (note 6) 76 145 414
Gains (losses) on transactions, net 1 410 9
Tax sharing income (expense) with GCI Liberty 32    
Other, net (7) 7 131
Total other income (expense) (441) 7 123
Earnings (loss) from continuing operations before income taxes 883 1,050 1,091
Income tax (expense) benefit (60) 985 (316)
Earnings (loss) from continuing operations 823 2,035 775
Earnings (loss) from discontinued operations, net of taxes 141 452 499
Net earnings (loss) 964 2,487 1,274
Less net earnings (loss) attributable to the noncontrolling interests 48 46 39
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders 916 2,441 1,235
Qurate Retail      
Other income (expense):      
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 674 $ 1,208 $ 473
Earnings (Loss) Per Common Share      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.46 $ 2.71 $ 0.99
Income (Loss) from Continuing Operations, Per Diluted Share 1.45 2.70 0.98
Earnings Per Share, Basic 1.46 2.71 0.99
Earnings Per Share, Diluted $ 1.45 $ 2.70 $ 0.98
Liberty Ventures common stock      
Other income (expense):      
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 242 $ 1,233 $ 762
Earnings (Loss) Per Common Share      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.17 $ 14.34 $ 5.54
Income (Loss) from Continuing Operations, Per Diluted Share 1.16 14.17 5.49
Earnings Per Share, Basic 2.81 14.34 5.69
Earnings Per Share, Diluted $ 2.78 $ 14.17 $ 5.64