Qurate Retail, Inc. Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

12 Months Ended

Dec. 31, 2023


	Years ended December 31,
	2023		2022	2021

	amounts in millions
Operating lease cost (1)	$	168	127	96
Finance lease cost
Depreciation of leased assets	$	2	5	19
Interest on lease liabilities		—	3	8
Total finance lease cost	$	2	8	27

(1)

Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.


	December 31,
	2023	2022	2021
Weighted-average remaining lease term (years):
Finance leases	1.4	1.9	7.7
Operating leases	12.6	9.6	8.3
Weighted-average discount rate:
Finance leases	2.3%	2.1%	5.2%
Operating leases	13.4%	10.2%	5.1%


	December 31,
	2023		2022

	amounts in millions
Operating leases:
Operating lease ROU assets	$	635	585

Current operating lease liabilities (1)	$	39	76
Operating lease liabilities		615	518
Total operating lease liabilities	$	654	594

Finance Leases:
Finance lease ROU assets (3)	$	10	17
Finance lease ROU asset accumulated depreciation (3)		(8)	(13)
Finance lease ROU assets, net	$	2	4
Current finance lease liabilities (1)	$	1	2
Finance lease liabilities (2)		1	2
Total finance lease liabilities	$	2	4

(1)

Included within the Other current liabilities line item on the consolidated balance sheets.

(2)

Included within the Other liabilities line item on the consolidated balance sheets.

(3)

Included within the Property and equipment line item on the consolidated balance sheets.

Supplemental cash flow information related to leases was as follows:


	Years ended December 31,
	2023		2022	2021

	in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	126	108	82
Operating cash outflows from finance leases	$	—	3	8
Financing cash outflows from finance leases	$	2	6	18
ROU assets obtained in exchange for lease obligations:
Operating leases	$	163	306	49
Finance leases	$	—	—	11