Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.20.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Total revenue, net $ 2,920 $ 3,085
Type of revenue us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:    
Cost of retail sales (exclusive of depreciation shown separately below) $ 1,933 $ 2,023
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 193 $ 196
Selling, general and administrative, including stock-based compensation (note 2) 421 425
Depreciation and amortization 142 153
Total operating costs and expenses 2,689 2,797
Operating income 231 288
Other income (expense):    
Interest expense (97) (96)
Share of earnings (losses) of affiliates, net (36) (45)
Realized and unrealized gains (losses) on financial instruments, net (note 4) (138) (81)
Other, net 13 (8)
Total other income (expense) (258) (230)
Earnings (loss) before income taxes (27) 58
Income tax (expense) benefit 18 8
Net earnings (loss) (9) 66
Less net earnings (loss) attributable to the noncontrolling interests 11 11
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (20) $ 55
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) $ (0.05) $ 0.13
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3) $ (0.05) $ 0.13