Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.10.0.1
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Total revenue, net $ 3,231 $ 2,381 $ 9,694 $ 7,060
Operating costs and expenses:        
Cost of retail sales (exclusive of depreciation shown separately below) 2,109 1,554 6,252 4,553
Operating expenses 241 160 707 461
Selling, general and administrative, including stock-based compensation and transaction related costs (note 5) 477 279 1,357 777
Depreciation and amortization 167 180 489 594
Total operating costs and expenses 2,994 2,173 8,805 6,385
Operating income (loss) 237 208 889 675
Other income (expense):        
Interest expense (94) (88) (288) (267)
Share of earnings (losses) of affiliates, net (29) (86) (89) (122)
Realized and unrealized gains (losses) on financial instruments, net (note 7) (27) 4 92 280
Other, net 1 7 (8) 1
Total other income (expense) (149) (163) (293) (108)
Earnings (loss) from continuing operations before income taxes 88 45 596 567
Income tax (expense) benefit (6) 33 (60) (127)
Earnings (loss) from continuing operations 82 78 536 440
Earnings (loss) from discontinued operations, net of taxes   230 141 571
Net earnings (loss) 82 308 677 1,011
Less net earnings (loss) attributable to the noncontrolling interests 10 12 34 33
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders 72 296 643 978
Qurate Retail        
Other income (expense):        
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 72 $ 119 $ 401 $ 321
Earnings (Loss) Per Common Share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.16 $ 0.27 $ 0.86 $ 0.71
Income (Loss) from Continuing Operations, Per Diluted Share 0.16 0.26 0.85 0.71
Earnings Per Share, Basic 0.16 0.27 0.86 0.71
Earnings Per Share, Diluted $ 0.16 $ 0.26 $ 0.85 $ 0.71
Liberty Ventures common stock        
Other income (expense):        
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders   $ 177 $ 242 $ 657
Earnings (Loss) Per Common Share        
Income (Loss) from Continuing Operations, Per Basic Share   $ (0.62) $ 1.17 $ 1.01
Income (Loss) from Continuing Operations, Per Diluted Share   (0.61) 1.16 1.00
Earnings Per Share, Basic   2.06 2.81 7.73
Earnings Per Share, Diluted   $ 2.03 $ 2.78 $ 7.64