Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Total revenue, net $ 2,342 $ 2,644
Type of revenue us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:    
Cost of goods sold (exclusive of depreciation shown separately below) $ 1,511 $ 1,809
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 180 $ 194
Selling, general and administrative, including stock-based compensation (note 2) 408 478
Depreciation and amortization 99 100
Gain on sale of assets and leaseback transactions (note 8) (1) (113)
Total operating costs and expenses 2,197 2,468
Operating income (loss) 145 176
Other income (expense):    
Interest expense (117) (94)
Dividend and interest income 12 11
Realized and unrealized gains (losses) on financial instruments, net (note 4) (7) (32)
Other, net (2) 4
Total other income (expense) (114) (111)
Earnings (loss) before income taxes 31 65
Income tax (expense) benefit (23) (32)
Net earnings (loss) 8 33
Less net earnings (loss) attributable to the noncontrolling interests 9 13
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (1) $ 20
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): (in dollars per share)   $ 0.05
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): (in dollars per share)   $ 0.05