Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.20.2
Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue, net $ 3,422 $ 3,111 $ 6,342 $ 6,196
Type of revenue us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:        
Cost of retail sales (exclusive of depreciation shown separately below) $ 2,217 $ 1,996 $ 4,150 $ 4,019
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 209 $ 197 $ 402 $ 393
Selling, general and administrative, including stock-based compensation (note 2) 447 424 868 849
Depreciation and amortization 144 158 286 311
Total operating costs and expenses 3,017 2,775 5,706 5,572
Operating income 405 336 636 624
Other income (expense):        
Interest expense (95) (93) (192) (189)
Share of earnings (losses) of affiliates, net (28) (23) (64) (68)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 23 (113) (115) (194)
Other, net (12) (7) 1 (15)
Total other income (expense) (112) (236) (370) (466)
Earnings (loss) before income taxes 293 100 266 158
Income tax (expense) benefit (59) 30 (41) 38
Net earnings (loss) 234 130 225 196
Less net earnings (loss) attributable to the noncontrolling interests 14 12 25 23
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 220 $ 118 $ 200 $ 173
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) $ 0.53 $ 0.28 $ 0.48 $ 0.40
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3) $ 0.53 $ 0.28 $ 0.48 $ 0.40