QVCAQ · As filed with the SEC
Old QVC Group cash flow statement, by fiscal year
The statement as Old QVC Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements Of Cash Flows · USD millions
| USD millions | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net earnings (loss) | (2,398) | (1,250) | (94) | (2,532) |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||
| Depreciation and amortization | 398 | 383 | 407 | 481 |
| Impairment of intangible assets | — | 1,480,000,000 | 326,000,000 | 3,081,000,000 |
| Impairment of intangible assets | 930 | — | — | — |
| Impairment of goodwill | 1,477 | — | — | — |
| Stock-based compensation | 16 | 32 | 53 | 60 |
| Noncash interest expense | 101 | 7 | 9 | 10 |
| Share of (earnings) losses of affiliates, net | — | — | — | 1,000,000 |
| Realized and unrealized (gains) losses on financial instruments, net | 40 | 60 | 61 | (41) |
| (Gains) losses on sale leaseback transactions | — | — | — | (520,000,000) |
| Gains on sales of assets and sale leaseback transactions | (5) | (1) | (113) | — |
| Gain on insurance proceeds, net of fire related costs | — | — | (225,000,000) | (132,000,000) |
| (Gains) losses on extinguishment of debt | — | — | — | (8,000,000) |
| Deferred income tax expense (benefit) | (230) | (211) | 80 | 12 |
| Gain on insurance proceeds, net of fire related costs | 0 | — | — | — |
| Insurance proceeds received for inventory, operating expenses and business interruption losses | 0 | — | 226 | 96 |
| Loss on disposition of Zulily, net | 0 | — | 64 | — |
| Other, net | 3 | (6) | 15 | (45) |
| Changes in operating assets and liabilities | ||||
| Decrease (increase) in accounts receivable | — | 144,000,000 | 36,000,000 | 124,000,000 |
| Decrease (increase) in trade and other receivables | 104 | — | — | — |
| Decrease (increase) in inventories | 112 | (28) | 257 | 254 |
| Decrease (increase) in prepaid expenses and other assets | 121 | 67 | 68 | 102 |
| (Decrease) increase in trade accounts payable | (89) | (104) | (34) | (446) |
| (Decrease) increase in accrued and other liabilities | (306) | (48) | (217) | (303) |
| Net cash provided (used) by operating activities | 274 | 525 | 919 | 194 |
| Cash flows from investing activities: | ||||
| Capital expenditures | (156) | (199) | (230) | (268) |
| Cash paid for disposal of Zulily | — | — | (41,000,000) | — |
| Expenditures for television distribution rights | — | — | (113,000,000) | (45,000,000) |
| Expenditures for television distribution rights | (93) | (37) | — | — |
| Proceeds from sale of fixed assets | 12 | 6 | 208 | 704 |
| Cash proceeds from dispositions of investments | 0 | 7 | 71 | 13 |
| Investment in and loans to cost and equity investees | — | — | — | (7,000,000) |
| Cash paid for disposal of Zulily | 0 | — | — | — |
| Insurance proceeds received for fixed asset loss | 0 | — | 54 | 184 |
| Payments for settlements of financial instruments | 0 | — | (179) | — |
| Payments from settlements of financial instruments | 0 | — | 167 | — |
| Other investing activities, net | (8) | (2) | 9 | 20 |
| Net cash provided (used) by investing activities | (245) | (225) | (54) | 601 |
| Cash flows from financing activities: | ||||
| Borrowings of debt | 1,986 | 2,014 | 1,267 | 3,029 |
| Repayments of debt | (870) | (2,454) | (2,258) | (3,008) |
| Withholding taxes on net share settlements of stock-based compensation | — | (2,000,000) | (1,000,000) | (7,000,000) |
| Dividends paid to noncontrolling interest | (44) | (51) | (53) | (68) |
| Dividends paid to common shareholders | (1) | (4) | (8) | (12) |
| Indemnification agreement settlement | — | — | 45,000,000 | — |
| Indemnification agreement settlement | 0 | — | — | — |
| Other financing activities, net | (7) | (1) | (2) | (6) |
| Net cash provided (used) by financing activities | 1,064 | (498) | (1,010) | (72) |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | 17 | (15) | (4) | (34) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,110 | (213) | (149) | 689 |
| Cash, cash equivalents and restricted cash at beginning of year | 923 | 1,136 | 1,285 | 596 |
| Cash, cash equivalents and restricted cash at end of year | 2,033 | 923 | 1,136 | 1,285 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.
Data on this page was fetched . The filing on SEC.gov is the record.