v3.24.2.u1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue, net $ 2,407 $ 2,649 $ 4,749 $ 5,293
Type of revenue us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:        
Cost of goods sold (exclusive of depreciation shown separately below) $ 1,532 $ 1,734 $ 3,043 $ 3,543
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 178 $ 193 $ 358 $ 387
Selling, general and administrative, including stock-based compensation (note 2) 418 466 826 944
Restructuring, penalties and fire related costs, net of (recoveries) (note 8) 18 (208) 18 (208)
Depreciation and amortization 96 104 195 204
Gain on sale of assets and leaseback transactions (note 8)   (6) (1) (119)
Total operating costs and expenses 2,242 2,283 4,439 4,751
Operating income (loss) 165 366 310 542
Other income (expense):        
Interest expense (119) (123) (236) (217)
Dividend and interest income 15 14 27 25
Realized and unrealized gains (losses) on financial instruments, net (note 4) (10) (14) (17) (46)
Loss on disposition of Zulily, net   (64)   (64)
Other, net (4) 6 (6) 10
Total other income (expense) (118) (181) (232) (292)
Earnings (loss) before income taxes 47 185 78 250
Income tax (expense) benefit (15) (66) (38) (98)
Net earnings (loss) 32 119 40 152
Less net earnings (loss) attributable to the noncontrolling interests 12 12 21 25
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 20 $ 107 $ 19 $ 127
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 $ 0.28 $ 0.05 $ 0.33
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 $ 0.28 $ 0.05 $ 0.33

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