v3.22.2.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue, net $ 2,744 $ 3,144 $ 8,580 $ 9,985
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) $ 1,905 $ 2,069 $ 5,885 $ 6,504
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 205 $ 204 $ 599 $ 627
Selling, general and administrative, including stock-based compensation (note 2) 464 458 1,370 1,378
Restructuring and fire related costs, net of (recoveries) (note 8) (134)   (123)  
Depreciation and amortization 107 139 371 396
Impairment of intangible assets (note 5) 3,081   3,081  
(Gain) loss on sale of fixed assets, net (note 8) (277)   (520)  
Total operating costs and expenses 5,351 2,870 10,663 8,905
Operating income (loss) (2,607) 274 (2,083) 1,080
Other income (expense):        
Interest expense (107) (121) (343) (356)
Share of earnings (losses) of affiliates, net   (24) (1) (78)
Realized and unrealized gains (losses) on financial instruments, net (note 4) (8) 41 29 101
Tax sharing income (expense) with Liberty Broadband 36 (3) 78 (16)
Other, net 37 3 83 6
Total other income (expense) (42) (104) (154) (343)
Earnings (loss) before income taxes (2,649) 170 (2,237) 737
Income tax (expense) benefit (87) (20) (265) (113)
Net earnings (loss) (2,736) 150 (2,502) 624
Less net earnings (loss) attributable to the noncontrolling interests 11 23 41 69
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ (2,747) $ 127 $ (2,543) $ 555
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): $ (7.21) $ 0.31 $ (6.69) $ 1.36
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): $ (7.21) $ 0.31 $ (6.69) $ 1.32

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