Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.19.1
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Total revenue, net $ 3,085 $ 3,230
Type of revenue us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:    
Cost of retail sales (exclusive of depreciation shown separately below) $ 2,023 $ 2,093
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 196 $ 228
Selling, general and administrative, including stock-based compensation and transaction related costs (note 3) 425 452
Depreciation and amortization 153 163
Total operating costs and expenses 2,797 2,936
Operating income (loss) 288 294
Other income (expense):    
Interest expense (96) (98)
Share of earnings (losses) of affiliates, net (45) (14)
Realized and unrealized gains (losses) on financial instruments, net (note 5) (81) 99
Other, net (8) 11
Total other income (expense) (230) (2)
Earnings (loss) from continuing operations before income taxes 58 292
Income tax (expense) benefit 8 (36)
Earnings (loss) from continuing operations 66 256
Earnings (loss) from discontinued operations, net of taxes   141
Net earnings (loss) 66 397
Less net earnings (loss) attributable to the noncontrolling interests 11 13
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders 55 384
Qurate Retail    
Other income (expense):    
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 55 $ 142
Earnings (Loss) Per Common Share    
Basic net earnings (losses) from continuing operations $ 0.13 $ 0.30
Diluted net earnings (losses) from continuing operations 0.13 0.30
Basic net earnings (losses) 0.13 0.30
Diluted net earnings (losses) $ 0.13 $ 0.30
Liberty Ventures common stock    
Other income (expense):    
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders   $ 242
Earnings (Loss) Per Common Share    
Basic net earnings (losses) from continuing operations   $ 1.17
Diluted net earnings (losses) from continuing operations   1.16
Basic net earnings (losses)   2.81
Diluted net earnings (losses)   $ 2.78