Quarterly report pursuant to Section 13 or 15(d)

Information About Qurate Retail's Operating Segments (Tables)

v3.23.3
Information About Qurate Retail's Operating Segments (Tables)
9 Months Ended
Sep. 30, 2023
Information About Qurate Retail's Operating Segments  
Schedule of disaggregation of revenue

Three months ended

September 30, 2023

QxH

QVC Int'l

CBI

Corp and other

Total

in millions

Home

$

631

220

246

1,097

Apparel

304

105

39

448

Beauty

235

141

376

Accessories

204

49

253

Electronics

124

16

140

Jewelry

76

44

120

Other revenue

43

2

45

Total Revenue

$

1,617

577

285

2,479

Nine months ended

September 30, 2023

QxH

QVC Int'l

CBI

Corp and other

Total

in millions

Home

$

1,868

701

735

76

3,380

Apparel

939

329

125

113

1,506

Beauty

745

417

14

1,176

Accessories

619

156

78

853

Electronics

316

48

2

366

Jewelry

218

118

11

347

Other revenue

131

6

7

144

Total Revenue

$

4,836

1,775

860

301

7,772

Three months ended

September 30, 2022

QxH

QVC Int'l

CBI

Corp and other

Total

in millions

Home

$

621

208

283

53

1,165

Apparel

330

100

44

79

553

Beauty

252

129

9

390

Accessories

190

49

47

286

Electronics

152

20

2

174

Jewelry

73

45

6

124

Other revenue

45

3

4

52

Total Revenue

$

1,663

554

327

200

2,744

Nine months ended

September 30, 2022

QxH

QVC Int'l

CBI

Corp and other

Total

in millions

Home

$

1,950

729

825

167

3,671

Apparel

982

334

140

265

1,721

Beauty

766

419

30

1,215

Accessories

633

162

145

940

Electronics

411

71

5

487

Jewelry

231

139

23

393

Other revenue

128

8

17

153

Total Revenue

$

5,101

1,862

965

652

8,580

Performance Measures

Three months ended September 30,

Nine months ended September 30,

2023

2022

2023

2022

amounts in millions

QxH

$

201

 

143

525

 

600

QVC International

77

62

226

261

CBI

 

11

 

10

40

 

85

Corporate and other

 

(4)

 

(30)

(57)

 

(79)

Consolidated Qurate Retail

$

285

 

185

734

 

867

Other Information By Segment

September 30, 2023

 

Total assets

Capital expenditures

 

amounts in millions

 

QxH

$

8,201

 

83

QVC International

1,800

33

CBI

524

3

Corporate and other

 

912

 

32

Consolidated Qurate Retail

$

11,437

 

151

Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes

Three months ended

Nine months ended

 

September 30,

September 30,

 

    

2023

    

2022

    

2023

    

2022

 

amounts in millions

 

Adjusted OIBDA

$

285

 

185

 

734

 

867

Stock-based compensation

 

(10)

 

(15)

 

(40)

 

(46)

Depreciation and amortization

 

(105)

 

(107)

 

(309)

 

(371)

Restructuring, penalties and fire related costs, net of recoveries (including Rocky Mount inventory losses, see note 8)

(19)

134

189

28

Impairment of intangible assets

(3,081)

(3,081)

Gains on sale of intangible asset and sale leaseback transactions

277

119

520

Operating income (loss)

$

151

(2,607)

693

(2,083)

Interest expense

 

(119)

 

(107)

 

(336)

 

(343)

Interest and dividend income

14

2

39

5

Realized and unrealized gains (losses) on financial instruments, net

 

(15)

 

(8)

 

(95)

 

29

Loss on disposition of Zulily, net

(64)

Gain (loss) on extinguishment of debt

1

14

45

8

Tax sharing expense with Liberty Broadband

(4)

36

(12)

78

Other, net

 

5

 

21

 

13

 

69

Earnings (loss) before income taxes

$

33

 

(2,649)

 

283

 

(2,237)