Information About Qurate Retail's Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2021 |
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| Information About Qurate Retail's Operating Segments |
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| Schedule of disaggregation of revenue |
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Three months ended |
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September 30, 2021 |
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QxH |
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QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
679 |
|
272 |
|
93 |
|
258 |
|
1,302 |
|
Apparel |
|
|
336 |
|
119 |
|
132 |
|
46 |
|
633 |
|
Beauty |
|
|
279 |
|
164 |
|
15 |
|
— |
|
458 |
|
Accessories |
|
|
210 |
|
62 |
|
66 |
|
— |
|
338 |
|
Electronics |
|
|
171 |
|
24 |
|
3 |
|
— |
|
198 |
|
Jewelry |
|
|
95 |
|
55 |
|
11 |
|
— |
|
161 |
|
Other revenue |
|
|
43 |
|
3 |
|
8 |
|
— |
|
54 |
|
Total Revenue |
|
$ |
1,813 |
|
699 |
|
328 |
|
304 |
|
3,144 |
|
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Nine months ended |
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September 30, 2021 |
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|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
2,229 |
|
905 |
|
336 |
|
748 |
|
4,218 |
|
Apparel |
|
|
985 |
|
372 |
|
429 |
|
133 |
|
1,919 |
|
Beauty |
|
|
859 |
|
521 |
|
50 |
|
— |
|
1,430 |
|
Accessories |
|
|
720 |
|
199 |
|
218 |
|
— |
|
1,137 |
|
Electronics |
|
|
539 |
|
89 |
|
10 |
|
— |
|
638 |
|
Jewelry |
|
|
269 |
|
169 |
|
37 |
|
— |
|
475 |
|
Other revenue |
|
|
137 |
|
9 |
|
22 |
|
— |
|
168 |
|
Total Revenue |
|
$ |
5,738 |
|
2,264 |
|
1,102 |
|
881 |
|
9,985 |
|
|
|
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|
|
|
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|
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|
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|
Three months ended |
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|
September 30, 2020 |
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
Home |
|
$ |
819 |
|
286 |
|
115 |
|
248 |
|
1,468 |
Apparel |
|
|
312 |
|
115 |
|
147 |
|
37 |
|
611 |
Beauty |
|
|
297 |
|
168 |
|
17 |
|
— |
|
482 |
Accessories |
|
|
219 |
|
67 |
|
94 |
|
— |
|
380 |
Electronics |
|
|
197 |
|
25 |
|
3 |
|
— |
|
225 |
Jewelry |
|
|
93 |
|
59 |
|
12 |
|
— |
|
164 |
Other revenue |
|
|
43 |
|
3 |
|
7 |
|
— |
|
53 |
Total Revenue |
|
$ |
1,980 |
|
723 |
|
395 |
|
285 |
|
3,383 |
|
|
|
|
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|
Nine months ended |
|
|
|
September 30, 2020 |
|
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
2,303 |
|
829 |
|
326 |
|
631 |
|
4,089 |
|
Apparel |
|
|
913 |
|
316 |
|
411 |
|
108 |
|
1,748 |
|
Beauty |
|
|
910 |
|
499 |
|
50 |
|
— |
|
1,459 |
|
Accessories |
|
|
676 |
|
188 |
|
281 |
|
— |
|
1,145 |
|
Electronics |
|
|
588 |
|
78 |
|
10 |
|
— |
|
676 |
|
Jewelry |
|
|
273 |
|
155 |
|
34 |
|
— |
|
462 |
|
Other revenue |
|
|
119 |
|
6 |
|
21 |
|
— |
|
146 |
|
Total Revenue |
|
$ |
5,782 |
|
2,071 |
|
1,133 |
|
739 |
|
9,725 |
|
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| Performance Measures |
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Three months ended September 30, |
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Nine months ended September 30, |
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|
2021 |
|
2020 |
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|
2021 |
|
2020 |
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amounts in millions |
|
|
|
|
|
|
QxH |
|
$ |
325 |
|
380 |
|
|
1,065 |
|
1,061 |
|
QVC International |
|
|
115 |
|
132 |
|
|
402 |
|
348 |
|
Zulily |
|
|
(17) |
|
27 |
|
|
(2) |
|
74 |
|
Corporate and other |
|
|
9 |
|
27 |
|
|
65 |
|
32 |
|
Consolidated Qurate Retail |
|
$ |
432 |
|
566 |
|
|
1,530 |
|
1,515 |
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| Other Information By Segment |
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|
September 30, 2021 |
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Total assets |
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Capital expenditures |
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|
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amounts in millions |
|
QxH |
|
$ |
12,356 |
|
124 |
|
QVC International |
|
|
2,267 |
|
21 |
|
Zulily |
|
|
1,010 |
|
17 |
|
Corporate and other |
|
|
1,327 |
|
7 |
|
Consolidated Qurate Retail |
|
$ |
16,960 |
|
169 |
|
|
| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
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|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
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|
amounts in millions |
|
Adjusted OIBDA |
|
$ |
432 |
|
566 |
|
1,530 |
|
1,515 |
|
Stock-based compensation |
|
|
(19) |
|
(19) |
|
(54) |
|
(46) |
|
Depreciation and amortization |
|
|
(139) |
|
(141) |
|
(396) |
|
(427) |
|
Operating income (loss) |
|
$ |
274 |
|
406 |
|
1,080 |
|
1,042 |
|
Interest expense |
|
|
(121) |
|
(98) |
|
(356) |
|
(290) |
|
Share of earnings (loss) of affiliates, net |
|
|
(24) |
|
(32) |
|
(78) |
|
(96) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
41 |
|
(12) |
|
101 |
|
(127) |
|
Gains (losses) on transactions, net |
|
|
— |
|
223 |
|
— |
|
224 |
|
Other, net |
|
|
— |
|
(65) |
|
(10) |
|
(65) |
|
Earnings (loss) before income taxes |
|
$ |
170 |
|
422 |
|
737 |
|
688 |
|
|