v3.22.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue, net $ 2,953 $ 3,504 $ 5,836 $ 6,841
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) $ 1,978 $ 2,240 $ 3,980 $ 4,435
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 198 $ 217 $ 394 $ 423
Selling, general and administrative, including stock-based compensation (note 2) 461 485 906 920
Restructuring and fire related costs, net 7   11  
Depreciation and amortization 134 129 264 257
(Gain) loss on sale of fixed assets, net (note 8) (243)   (243)  
Total operating costs and expenses 2,535 3,071 5,312 6,035
Operating income (loss) 418 433 524 806
Other income (expense):        
Interest expense (119) (118) (236) (235)
Share of earnings (losses) of affiliates, net   (22) (1) (54)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 7 19 37 60
Other, net 35 (23) 88 (10)
Total other income (expense) (77) (144) (112) (239)
Earnings (loss) before income taxes 341 289 412 567
Income tax (expense) benefit (120) (39) (178) (93)
Net earnings (loss) 221 250 234 474
Less net earnings (loss) attributable to the noncontrolling interests 18 28 30 46
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 203 $ 222 $ 204 $ 428
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): $ 0.53 $ 0.54 $ 0.54 $ 1.04
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): $ 0.53 $ 0.52 $ 0.53 $ 1.01

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