Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Total revenue, net $ 13,458 $ 14,070 $ 10,404
Type of revenue us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:      
Cost of retail sales (exclusive of depreciation shown separately below) $ 8,899 $ 9,209 $ 6,789
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 844 $ 970 $ 659
Selling, general and administrative, including stock-based compensation and transaction related costs 1,758 1,897 1,188
Impairment of intangible assets and long lived assets 1,167 33  
Depreciation and amortization 606 637 725
Total operating costs and expenses 13,274 12,746 9,361
Operating income 184 1,324 1,043
Other income (expense):      
Interest expense (374) (381) (355)
Share of earnings (losses) of affiliates, net (160) (162) (200)
Realized and unrealized gains (losses) on financial instruments, net (note 6) (251) 76 145
Gains (losses) on transactions, net (1) 1 410
Tax sharing income (expense) with GCI Liberty, Inc. (26) 32  
Other, net 6 (7) 7
Total other income (expense) (806) (441) 7
Earnings (loss) from continuing operations before income taxes (622) 883 1,050
Income tax (expense) benefit (note 10) 217 (60) 985
Earnings (loss) from continuing operations (405) 823 2,035
Earnings (loss) from discontinued operations, net of taxes (note 5)   141 452
Net earnings (loss) (405) 964 2,487
Less net earnings (loss) attributable to the noncontrolling interests 51 48 46
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders (456) 916 2,441
Qurate Retail      
Other income (expense):      
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (456) $ 674 $ 1,208
Earnings (Loss) Per Common Share      
Basic net earnings (losses) from continuing operations $ (1.08) $ 1.46 $ 2.71
Diluted net earnings (losses) from continuing operations (1.08) 1.45 2.70
Basic net earnings (losses) (1.08) 1.46 2.71
Diluted net earnings (losses) $ (1.08) $ 1.45 $ 2.70
Liberty Ventures common stock      
Other income (expense):      
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders   $ 242 $ 1,233
Earnings (Loss) Per Common Share      
Basic net earnings (losses) from continuing operations   $ 1.17 $ 14.34
Diluted net earnings (losses) from continuing operations   1.16 14.17
Basic net earnings (losses)   2.81 14.34
Diluted net earnings (losses)   $ 2.78 $ 14.17