Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Summary of Significant Accounting Policies  
Summary of activity in the allowance for doubtful accounts

Balance

Additions

Balance

 

beginning

Charged

Deductions-

end of

 

of year

to expense

Other

write-offs

year

 

amounts in millions

 

2020

    

$

129

    

92

    

 

    

(89)

 

    

132

2019

$

117

    

130

    

4

 

    

(122)

 

    

129

2018

    

$

92

    

123

    

3

 

    

(101)

 

    

117

Schedule of Property and Equipment

December 31,

December 31,

 

2020

2019

amounts in millions

 

Land

    

$

133

    

128

Buildings and improvements

 

1,291

 

1,204

Support equipment

 

1,243

 

1,023

Projects in progress

 

44

 

169

Finance lease right-of-use ("ROU") assets

278

282

Total property and equipment

$

2,989

 

2,806

Schedule of disaggregation of revenue

Year ended

December 31, 2020

QxH

QVC Int'l

Zulily

Corp and other

Total

in millions

Home

$

3,529

1,199

490

903

6,121

Beauty

1,261

724

73

2,058

Apparel

1,170

437

583

166

2,356

Accessories

944

260

394

1,598

Electronics

1,069

122

17

1,208

Jewelry

363

216

51

630

Other revenue

169

9

28

206

Total Revenue

$

8,505

2,967

1,636

1,069

14,177

Year ended

December 31, 2019

QxH

QVC Int'l

Zulily

Corp and other

Total

in millions

Home

$

3,053

1,010

422

729

5,214

Beauty

1,304

659

53

2,016

Apparel

1,291

439

582

172

2,484

Accessories

919

262

416

1,597

Electronics

1,142

104

15

1,261

Jewelry

402

221

54

677

Other revenue

166

14

29

209

Total Revenue

$

8,277

2,709

1,571

901

13,458

Year ended

December 31, 2018

QxH

QVC Int'l

Zulily

Corp and other

Total

in millions

Home

$

3,185

1,023

511

791

5,510

Beauty

1,330

640

50

2,020

Apparel

1,325

453

684

180

2,642

Accessories

934

273

472

1,679

Electronics

1,134

119

18

1,271

Jewelry

474

213

53

740

Other revenue

162

17

29

208

Total Revenue

$

8,544

2,738

1,817

971

14,070

Summary of activity in allowance for sales returns

Balance beginning of year

Additions - charged to earnings

Deductions

Balance end of year

in millions

2020

$

261

2,188

(2,149)

300

2019

$

266

2,336

(2,341)

261

2018

$

267

2,434

(2,435)

266

Schedule of net earnings attributable to stockholders

Net earnings (loss) attributable to Qurate Retail stockholders is comprised of the following (amounts in millions):

Years ended December 31,

2020

2019

2018

Qurate Retail

    

    

    

 

Net earnings (loss) from continuing operations

$

1,204

(456)

674

Net earnings (loss) from discontinued operations

$

NA

NA

NA

Liberty Ventures

Net earnings (loss) from continuing operations

$

NA

NA

101

Net earnings (loss) from discontinued operations

$

NA

NA

141

Schedule of weighted average number of shares outstanding

Years ended December 31,

 

    

2020

    

2019

    

2018

 

number of shares in millions

 

Basic WASO

416

424

462

Potentially dilutive shares

5

3

Diluted WASO

421

424

465