Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.19.3
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total revenue, net $ 3,089 $ 3,231 $ 9,285 $ 9,694
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) $ 2,026 $ 2,109 $ 6,045 $ 6,252
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 200 $ 241 $ 593 $ 707
Selling, general and administrative, including stock-based compensation and transaction related costs (note 3) 424 477 1,273 1,357
Depreciation and amortization 146 167 457 489
Impairment of intangible assets (note 6) 1,020   1,020  
Total operating costs and expenses 3,816 2,994 9,388 8,805
Operating income (loss) (727) 237 (103) 889
Other income (expense):        
Interest expense (93) (94) (282) (288)
Share of earnings (losses) of affiliates, net (36) (29) (104) (89)
Realized and unrealized gains (losses) on financial instruments, net (note 5) (45) (27) (239) 92
Other, net (4) (2) (19) 17
Total other income (expense) (178) (152) (644) (268)
Earnings (loss) from continuing operations before income taxes (905) 85 (747) 621
Income tax (expense) benefit 150 (3) 188 (85)
Earnings (loss) from continuing operations (755) 82 (559) 536
Earnings (loss) from discontinued operations, net of taxes       141
Net earnings (loss) (755) 82 (559) 677
Less net earnings (loss) attributable to the noncontrolling interests 15 10 38 34
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders (770) 72 (597) 643
Qurate Retail        
Other income (expense):        
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (770) $ 72 $ (597) $ 401
Earnings (Loss) Per Common Share        
Basic net earnings (losses) from continuing operations $ (1.85) $ 0.16 $ (1.40) $ 0.86
Diluted net earnings (losses) from continuing operations (1.85) 0.16 (1.40) 0.85
Basic net earnings (losses) (1.85) 0.16 (1.40) 0.86
Diluted net earnings (losses) $ (1.85) $ 0.16 $ (1.40) $ 0.85
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