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(18) Quarterly Financial Information (Unaudited)
As discussed in note 5, on March 9, 2018, Qurate Retail completed the GCI Liberty Split-Off. The unaudited quarterly information below for 2018 reflects Qurate Retail’s interest in Liberty Broadband as a discontinued operation for all periods presented.
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1st |
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2nd |
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3rd |
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4th |
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Quarter |
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Quarter |
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Quarter |
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Quarter |
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amounts in millions, |
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except per share amounts |
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2019: |
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Revenue |
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$ |
3,085 |
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3,111 |
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3,089 |
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4,173 |
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Operating income |
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$ |
288 |
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336 |
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(727) |
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287 |
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Net earnings (loss) |
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$ |
66 |
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130 |
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(755) |
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154 |
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Net earnings (loss) attributable to Qurate Retail, Inc. stockholders: |
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Series A and Series B Qurate Retail common stock |
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$ |
55 |
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118 |
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(770) |
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141 |
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Series A and Series B Liberty Ventures common stock |
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$ |
NA |
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NA |
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NA |
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NA |
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Basic net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.13 |
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0.28 |
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(1.85) |
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0.34 |
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Series A and Series B Liberty Ventures common stock |
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$ |
NA |
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NA |
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NA |
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NA |
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Diluted net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.13 |
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0.28 |
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(1.85) |
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0.34 |
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Series A and Series B Liberty Ventures common stock |
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$ |
NA |
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NA |
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NA |
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NA |
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Basic net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.13 |
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0.28 |
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(1.85) |
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0.34 |
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Series A and Series B Liberty Ventures common stock |
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$ |
NA |
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NA |
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NA |
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NA |
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Diluted net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.13 |
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0.28 |
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(1.85) |
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0.34 |
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Series A and Series B Liberty Ventures common stock |
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$ |
NA |
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NA |
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NA |
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NA |
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1st |
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2nd |
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3rd |
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4th |
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Quarter |
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Quarter |
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Quarter |
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Quarter |
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amounts in millions, |
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except per share amounts |
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2018: |
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Revenue |
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$ |
3,230 |
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3,233 |
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3,231 |
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4,376 |
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Operating income |
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$ |
294 |
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358 |
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237 |
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435 |
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Net earnings (loss) |
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$ |
397 |
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198 |
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82 |
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287 |
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Net earnings (loss) attributable to Qurate Retail, Inc. stockholders: |
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Series A and Series B Qurate Retail common stock |
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$ |
142 |
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187 |
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72 |
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273 |
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Series A and Series B Liberty Ventures common stock |
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$ |
242 |
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NA |
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NA |
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NA |
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Basic net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.30 |
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0.40 |
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0.16 |
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0.61 |
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Series A and Series B Liberty Ventures common stock |
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$ |
1.17 |
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NA |
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NA |
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NA |
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Diluted net earnings (loss) from continuing operations attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.30 |
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0.40 |
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0.16 |
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0.61 |
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Series A and Series B Liberty Ventures common stock |
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$ |
1.16 |
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NA |
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NA |
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NA |
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Basic net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.30 |
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0.40 |
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0.16 |
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0.61 |
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Series A and Series B Liberty Ventures common stock |
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$ |
2.81 |
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NA |
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NA |
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NA |
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Diluted net earnings (loss) attributable to Qurate Retail, Inc. stockholders per common share: |
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Series A and Series B Qurate Retail common stock |
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$ |
0.30 |
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0.40 |
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0.16 |
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0.61 |
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Series A and Series B Liberty Ventures common stock |
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$ |
2.78 |
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NA |
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NA |
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NA |
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