v3.22.1
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue, net $ 2,883 $ 3,337
Type of revenue us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:    
Cost of goods sold (exclusive of depreciation shown separately below) $ 2,002 $ 2,195
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 196 $ 206
Selling, general and administrative, including stock-based compensation (note 2) 445 435
Restructuring and fire related costs, net 4  
Depreciation and amortization 130 128
Total operating costs and expenses 2,777 2,964
Operating income (loss) 106 373
Other income (expense):    
Interest expense (117) (117)
Share of earnings (losses) of affiliates, net (1) (32)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 30 41
Other, net 53 13
Total other income (expense) (35) (95)
Earnings (loss) before income taxes 71 278
Income tax (expense) benefit (58) (54)
Net earnings (loss) 13 224
Less net earnings (loss) attributable to the noncontrolling interests 12 18
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 1 $ 206
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): $ 0.00 $ 0.50
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): $ 0.00 $ 0.49

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