Qurate Retail, Inc. Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

12 Months Ended

Dec. 31, 2022


	Years ended December 31,
	2022		2021	2020

	amounts in millions
Operating lease cost (1)	$	127	96	87
Finance lease cost
Depreciation of leased assets	$	5	19	19
Interest on lease liabilities		3	8	8
Total finance lease cost	$	8	27	27

(1)

Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.


	December 31,
	2022	2021	2020
Weighted-average remaining lease term (years):
Finance leases	1.9	7.7	8.5
Operating leases	9.6	8.3	8.5
Weighted-average discount rate:
Finance leases	2.1%	5.2%	5.1%
Operating leases	10.2%	5.1%	5.1%


	December 31,
	2022		2021

	amounts in millions
Operating leases:
Operating lease ROU assets	$	585	351

Current operating lease liabilities (1)	$	76	64
Operating lease liabilities		518	303
Total operating lease liabilities	$	594	367

Finance Leases:
Finance lease ROU assets (3)	$	17	277
Finance lease ROU asset accumulated depreciation (3)		(13)	(151)
Finance lease ROU assets, net	$	4	126
Current finance lease liabilities (1)	$	2	20
Finance lease liabilities (2)		2	137
Total finance lease liabilities	$	4	157

(1)

Included within the Other current liabilities line item on the consolidated balance sheets.

(2)

Included within the Other liabilities line item on the consolidated balance sheets.

(3)

Included within the Property and equipment line item on the consolidated balance sheets.

Supplemental cash flow information related to leases was as follows:


	Years ended December 31,
	2022		2021	2020

	in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	108	82	86
Operating cash outflows from finance leases	$	3	8	8
Financing cash outflows from finance leases	$	6	18	18
ROU assets obtained in exchange for lease obligations:
Operating leases	$	306	49	35
Finance leases	$	—	11	—