Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenue, net $ 3,337 $ 2,920
Type of revenue us-gaap:RetailMember us-gaap:RetailMember
Operating costs and expenses:    
Cost of retail sales (exclusive of depreciation shown separately below) $ 2,195 $ 1,933
Type of cost of retail sales us-gaap:RetailMember us-gaap:RetailMember
Operating expense $ 206 $ 193
Selling, general and administrative, including stock-based compensation (note 2) 435 421
Depreciation and amortization 128 142
Total operating costs and expenses 2,964 2,689
Operating income (loss) 373 231
Other income (expense):    
Interest expense (117) (97)
Share of earnings (loss) of affiliates, net (32) (36)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 41 (138)
Other, net 13 13
Total other income (expense) (95) (258)
Earnings (loss) before income taxes 278 (27)
Income tax (expense) benefit (54) 18
Net earnings (loss) 224 (9)
Less net earnings (loss) attributable to the noncontrolling interests 18 11
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders $ 206 $ (20)
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): $ 0.50 $ (0.05)
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): $ 0.49 $ (0.05)