Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.19.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue, net $ 3,111 $ 3,233 $ 6,196 $ 6,463
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) $ 1,996 $ 2,050 $ 4,019 $ 4,143
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 197 $ 238 $ 393 $ 466
Selling, general and administrative, including stock-based compensation and transaction related costs (note 3) 424 428 849 880
Depreciation and amortization 158 159 311 322
Total operating costs and expenses 2,775 2,875 5,572 5,811
Operating income (loss) 336 358 624 652
Other income (expense):        
Interest expense (93) (96) (189) (194)
Share of earnings (losses) of affiliates, net (23) (46) (68) (60)
Realized and unrealized gains (losses) on financial instruments, net (note 5) (113) 20 (194) 119
Other, net (7) 8 (15) 19
Total other income (expense) (236) (114) (466) (116)
Earnings (loss) from continuing operations before income taxes 100 244 158 536
Income tax (expense) benefit 30 (46) 38 (82)
Earnings (loss) from continuing operations 130 198 196 454
Earnings (loss) from discontinued operations, net of taxes       141
Net earnings (loss) 130 198 196 595
Less net earnings (loss) attributable to the noncontrolling interests 12 11 23 24
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders 118 187 173 571
Qurate Retail        
Other income (expense):        
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 118 $ 187 $ 173 $ 329
Earnings (Loss) Per Common Share        
Basic net earnings (losses) from continuing operations $ 0.28 $ 0.40 $ 0.40 $ 0.70
Diluted net earnings (losses) from continuing operations 0.28 0.40 0.40 0.69
Basic net earnings (losses) 0.28 0.40 0.40 0.70
Diluted net earnings (losses) $ 0.28 $ 0.40 $ 0.40 $ 0.69
Liberty Ventures common stock        
Other income (expense):        
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders       $ 242
Earnings (Loss) Per Common Share        
Basic net earnings (losses) from continuing operations       $ 1.17
Diluted net earnings (losses) from continuing operations       1.16
Basic net earnings (losses)       2.81
Diluted net earnings (losses)       $ 2.78