v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue, net $ 3,144 $ 3,383 $ 9,985 $ 9,725
Type of revenue us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:        
Cost of retail sales (exclusive of depreciation shown separately below) $ 2,069 $ 2,178 $ 6,504 $ 6,328
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 204 $ 203 $ 627 $ 605
Selling, general and administrative, including stock-based compensation (note 2) 458 455 1,378 1,323
Depreciation and amortization 139 141 396 427
Total operating costs and expenses 2,870 2,977 8,905 8,683
Operating income (loss) 274 406 1,080 1,042
Other income (expense):        
Interest expense (121) (98) (356) (290)
Share of earnings (losses) of affiliates, net (24) (32) (78) (96)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 41 (12) 101 (127)
Gains (losses) on transactions, net   223   224
Other, net   (65) (10) (65)
Total other income (expense) (104) 16 (343) (354)
Earnings (loss) before income taxes 170 422 737 688
Income tax (expense) benefit (20) (70) (113) (111)
Net earnings (loss) 150 352 624 577
Less net earnings (loss) attributable to the noncontrolling interests 23 14 69 39
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 127 $ 338 $ 555 $ 538
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): $ 0.31 $ 0.81 $ 1.36 $ 1.29
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): $ 0.31 $ 0.80 $ 1.32 $ 1.28

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