QVCAQ · As filed with the SEC
Old QVC Group income 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 Operations · USD millions, except per-share amounts
| USD millions, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Total revenue, net | 9,230 | 10,037 | 10,915 | 12,106 | 14,044 | 14,177 |
| Operating costs and expenses: | ||||||
| Cost of goods sold (exclusive of depreciation and amortization shown separately below) | 6,064 | 6,524 | 7,230 | 8,417 | 9,231 | 9,291 |
| Operating expense | — | — | 795,000,000 | 835,000,000 | 875,000,000 | 867,000,000 |
| Operating expense | 675 | 734 | — | — | — | — |
| Selling, general and administrative, including stock-based compensation | 1,736 | 1,708 | 1,869 | 1,945 | 1,930 | 1,885 |
| Impairment of intangible assets (note 5) | — | 1,480,000,000 | 326,000,000 | 3,081,000,000 | 363,000,000 | — |
| Gain on sale leaseback transactions | — | — | — | (520,000,000) | — | — |
| Depreciation and amortization | 398 | 383 | 407 | 481 | 537 | 562 |
| Impairment of intangible assets (note 5) | 930 | — | — | — | — | — |
| Impairment of goodwill (note 5) | 1,477 | — | — | — | — | — |
| Gains on sales of assets and sale leaseback transactions | (5) | (1) | (113) | — | — | — |
| Restructuring, penalties and fire related costs, net of (recoveries) (note 14) | — | — | (189,000,000) | (92,000,000) | 21,000,000 | — |
| Restructuring, penalties and fire related costs, net of (recoveries) (note 14) | — | 18,000,000 | — | — | — | — |
| Restructuring, penalties and fire related costs, net of (recoveries) (note 14) | 53 | — | — | — | — | — |
| Total operating costs and expenses | 11,328 | 10,846 | 10,325 | 14,147 | 12,957 | 12,605 |
| Operating income (loss) | (2,098) | (809) | 590 | (2,041) | 1,087 | 1,572 |
| Other income (expense): | ||||||
| Interest expense | — | — | (451,000,000) | (456,000,000) | (468,000,000) | (408,000,000) |
| Share of earnings (losses) of affiliates, net | — | — | — | (1,000,000) | (94,000,000) | (156,000,000) |
| Interest expense | (496) | (468) | — | — | — | — |
| Interest and dividend income | 50 | 50 | 52 | — | 5 | — |
| Realized and unrealized gains (losses) on financial instruments, net (note 4) | (40) | (60) | (61) | 41 | 98 | (110) |
| Gains (losses) on transactions, net | — | — | — | — | 10,000,000 | 224,000,000 |
| Loss on disposition of Zulily, net (note 1) | 0 | — | (64) | — | — | — |
| Tax sharing income (expense) with Liberty Broadband | — | — | (11,000,000) | 79,000,000 | 10,000,000 | (39,000,000) |
| Tax sharing income (expense) with Liberty Broadband | 10 | (4) | — | — | — | — |
| Other, net | (9) | — | 11 | 70 | (94) | (32) |
| Total other income (expense) | (485) | (482) | (524) | (267) | (449) | (521) |
| Earnings (loss) before income taxes | (2,583) | (1,291) | 66 | (2,308) | 638 | 1,051 |
| Income tax (expense) benefit (note 8) | 185 | 41 | (160) | (224) | (217) | 203 |
| Net earnings (loss) | (2,398) | (1,250) | (94) | (2,532) | 421 | 1,254 |
| Less net earnings (loss) attributable to the noncontrolling interests | 41 | 40 | 51 | 62 | 81 | 58 |
| Net earnings (loss) attributable to QVC Group, Inc. shareholders | (2,439) | (1,290) | (145) | (2,594) | 340 | 1,196 |
| Basic net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) | (302.97) | (3.26) | (0.37) | (6.83) | 0.84 | 2.88 |
| Diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) | (302.97) | (3.26) | (0.37) | (6.83) | 0.82 | 2.84 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.