Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Revenue $ 10,915 $ 12,106 $ 14,044
Type of revenue us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:      
Cost of goods sold (exclusive of depreciation shown separately below) $ 7,230 $ 8,417 $ 9,231
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 795 $ 835 $ 875
Selling, general and administrative, including stock-based compensation 1,869 1,945 1,930
Impairment of intangible assets 326 3,081 363
Gains on sale of assets and sale leaseback transactions (113) (520)  
Restructuring, penalties and fire related costs, net of (recoveries) (note 14) (189) (92) 21
Depreciation and amortization 407 481 537
Total operating costs and expenses 10,325 14,147 12,957
Operating income (loss) 590 (2,041) 1,087
Other income (expense):      
Interest expense (451) (456) (468)
Dividend and interest income 52 10 5
Realized and unrealized gains (losses) on financial instruments, net (note 4) (61) 55 98
Loss on disposition of Zulily, net (64)    
Tax sharing income (expense) with Liberty Broadband (11) 79 10
Other, net 11 45 (94)
Total other income (expense) (524) (267) (449)
Earnings (loss) from continuing operations before income taxes 66 (2,308) 638
Income tax (expense) benefit (note 8) (160) (224) (217)
Net earnings (loss) (94) (2,532) 421
Less net earnings (loss) attributable to the noncontrolling interests 51 62 81
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (145) $ (2,594) $ 340
Earnings (Loss) Per Common Share      
Basic net earnings (loss) attributable to Qurate Retail, Inc. shareholders per common share (note 2): $ (0.37) $ (6.83) $ 0.84
Diluted net earnings (loss) attributable to Qurate Retail, Inc. shareholders per common share (note 2): $ (0.37) $ (6.83) $ 0.82