QVCAQ · As filed with the SEC
Old QVC Group balance sheet, 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 Balance Sheets · USD millions
| USD millions | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 1,972 | 905 | 1,121 | 1,275 | 587 | 806 | 673 | 653 |
| Trade and other receivables, net | — | 1,143,000,000 | 1,308,000,000 | 1,394,000,000 | 1,679,000,000 | 1,640,000,000 | 1,854,000,000 | 1,835,000,000 |
| Trade and other receivables, net of allowance for credit losses of $79 million and $91 million, respectively | 1,040 | — | — | — | — | — | — | — |
| Inventories | 972 | 1,061 | 1,044 | 1,346 | 1,623 | 1,301 | 1,413 | 1,474 |
| Indemnification agreement receivable | — | — | — | 50,000,000 | 324,000,000 | 345,000,000 | — | — |
| Other current assets | 239 | 190 | 209 | 210 | 235 | 473 | 636 | 224 |
| Total current assets | 4,223 | 3,299 | 3,682 | 4,275 | 4,448 | 4,565 | 4,576 | 4,186 |
| Investments in equity securities | — | — | — | — | — | — | — | 96,000,000 |
| Investments in equity securities | — | — | — | — | — | — | 76,000,000 | — |
| Property and equipment, at cost | — | — | — | — | — | — | 2,806,000,000 | 2,685,000,000 |
| Accumulated depreciation | — | — | — | — | — | — | (1,455,000,000) | (1,363,000,000) |
| Property and equipment, net | — | — | — | — | — | — | 1,351,000,000 | 1,322,000,000 |
| Property and equipment | — | 1,460,000,000 | 1,475,000,000 | 1,661,000,000 | 2,601,000,000 | 2,989,000,000 | — | — |
| Accumulated depreciation | — | (958,000,000) | (963,000,000) | (1,091,000,000) | (1,524,000,000) | (1,689,000,000) | — | — |
| Property and equipment, net of accumulated depreciation of $974 million and $958 million respectively | 401 | 502 | 512 | 570 | 1,077 | 1,300 | — | — |
| Intangible assets not subject to amortization (note 5): | ||||||||
| Goodwill | 800 | 2,217 | 3,164 | 3,501 | 6,339 | 6,638 | 6,576 | 7,017 |
| Trademarks | — | — | — | — | — | — | — | 3,895,000,000 |
| Tradenames | 1,190 | 2,120 | 2,698 | 2,718 | 3,038 | 3,168 | 3,168 | — |
| Intangible assets not subject to amortization | — | — | 5,862,000,000 | 6,219,000,000 | 9,377,000,000 | 9,806,000,000 | 9,744,000,000 | 10,912,000,000 |
| Intangible assets not subject to amortization | — | 4,337,000,000 | — | — | — | — | — | — |
| Intangible assets not subject to amortization | 1,990 | — | — | — | — | — | — | — |
| Intangible assets subject to amortization, net (note 5) | 336 | 402 | 526 | 612 | 745 | 779 | 955 | 1,058 |
| Operating lease right-of-use assets | 570 | 600 | 635 | 585 | — | — | — | — |
| Other assets | 106 | 103 | 151 | 310 | 602 | 549 | 603 | 267 |
| Assets held for sale noncurrent (note 14) | 17 | — | — | — | — | — | — | — |
| Total assets | 7,643 | 9,243 | 11,368 | 12,571 | 16,249 | 16,999 | 17,305 | 17,841 |
| Liabilities and Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | 701 | 776 | 895 | 976 | 1,429 | 1,305 | 1,091 | 1,204 |
| Accrued liabilities | 801 | 953 | 983 | 1,133 | 1,236 | 1,418 | 1,173 | 1,182 |
| Current portion of debt, including $282 million and $219 million measured at fair value (note 6) | — | 867,000,000 | 642,000,000 | 828,000,000 | 1,315,000,000 | 1,750,000,000 | 1,557,000,000 | 1,410,000,000 |
| Current portion of debt | 5,075 | — | — | — | — | — | — | — |
| Other current liabilities | 97 | 128 | 97 | 162 | 244 | 231 | 180 | 155 |
| Total current liabilities | 6,674 | 2,724 | 2,617 | 3,099 | 4,224 | 4,704 | 4,001 | 3,951 |
| Long-term debt (note 6) | — | 4,101,000,000 | 4,698,000,000 | 5,525,000,000 | 5,674,000,000 | 5,186,000,000 | 5,855,000,000 | 5,963,000,000 |
| Deferred income tax liabilities | — | — | — | — | — | — | — | 1,925,000,000 |
| Long-term debt (note 6) | 790 | — | — | — | — | — | — | — |
| Deferred income tax liabilities (note 8) | 1,144 | 1,313 | 1,531 | 1,440 | 1,353 | 1,359 | 1,716 | — |
| Preferred stock (note 9) | 1,366 | 1,272 | 1,270 | 1,266 | 1,261 | 1,249 | — | — |
| Operating lease liabilities (note 7) | 580 | 598 | 615 | 518 | — | — | — | — |
| Other liabilities | 106 | 120 | 148 | 198 | 707 | 768 | 761 | 258 |
| Total liabilities | 10,660 | 10,128 | 10,879 | 12,046 | 13,219 | 13,266 | 12,333 | 12,097 |
| Equity | ||||||||
| Stockholders' equity (note 9): | ||||||||
| Series A | 0 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Series B | 0 | — | — | — | — | — | — | — |
| Series C | 0 | — | — | — | — | — | — | — |
| Additional paid-in capital | 142 | 134 | 99 | 53 | — | — | — | — |
| Accumulated other comprehensive earnings (loss), net of taxes | 291 | (15) | 86 | 18 | (79) | 72 | (55) | (55) |
| Retained earnings (accumulated deficit) | (3,533) | (1,094) | 196 | 337 | 2,969 | 3,522 | 4,891 | 5,675 |
| Total stockholders' equity (deficit) | (3,100) | (971) | 385 | 412 | 2,894 | 3,598 | 4,840 | 5,624 |
| Noncontrolling interests in equity of subsidiaries | 83 | 86 | 104 | 113 | 136 | 135 | 132 | 120 |
| Total equity | (3,017) | (885) | 489 | 525 | 3,030 | 3,733 | 4,972 | 5,744 |
| Common Class A | — | — | — | — | — | — | — | 4,000,000 |
| Total liabilities and equity | 7,643 | 9,243 | 11,368 | 12,571 | 16,249 | 16,999 | 17,305 | 17,841 |
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.