$QRTEA
Qurate Retail, Inc.

2020 Q2 Form 10-Q Financial Statement

#000155837020010193 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4 2019 Q2
Revenue $3.422B $4.173B $3.111B
YoY Change 10.0% -4.64% -3.77%
Cost Of Revenue $2.217B $2.854B $1.996B
YoY Change 11.07% -3.48% -2.63%
Gross Profit $1.205B $1.319B $1.115B
YoY Change 8.07% -7.05% -5.75%
Gross Profit Margin 35.21% 31.61% 35.84%
Selling, General & Admin $447.0M $485.0M $424.0M
YoY Change 5.42% -10.19% -0.93%
% of Gross Profit 37.1% 36.77% 38.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $144.0M $149.0M $158.0M
YoY Change -8.86% 0.68% -0.63%
% of Gross Profit 11.95% 11.3% 14.17%
Operating Expenses $447.0M $885.0M $424.0M
YoY Change 5.42% -6.94% -0.93%
Operating Profit $405.0M $287.0M $336.0M
YoY Change 20.54% -34.02% -6.15%
Interest Expense $95.00M -$160.0M $93.00M
YoY Change 2.15% -12.09% -3.13%
% of Operating Profit 23.46% -55.75% 27.68%
Other Income/Expense, Net -$112.0M -$1.000M -$236.0M
YoY Change -52.54% -103.03% 107.02%
Pretax Income $293.0M $125.0M $100.0M
YoY Change 193.0% -56.45% -59.02%
Income Tax $59.00M -$29.00M -$30.00M
% Of Pretax Income 20.14% -23.2% -30.0%
Net Earnings $220.0M $154.0M $118.0M
YoY Change 86.44% -46.34% -36.9%
Net Earnings / Revenue 6.43% 3.69% 3.79%
Basic Earnings Per Share $0.53 $0.28
Diluted Earnings Per Share $0.53 $339.8K $0.28
COMMON SHARES
Basic Shares Outstanding 417.0M 428.0M
Diluted Shares Outstanding 418.0M 428.0M

Balance Sheet

Concept 2020 Q2 2019 Q4 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $948.0M $673.0M $519.0M
YoY Change 82.66% 3.06% -21.0%
Cash & Equivalents $948.0M $673.0M $519.0M
Short-Term Investments
Other Short-Term Assets $618.0M $434.0M $203.0M
YoY Change 204.43% 93.75% 1.5%
Inventory $1.304B $1.413B $1.516B
Prepaid Expenses
Receivables $1.324B $1.854B $1.295B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.194B $4.576B $3.533B
YoY Change 18.71% 9.32% 1.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.292B $1.351B $1.339B
YoY Change -3.51% 2.19% 2.76%
Goodwill $6.574B $6.576B $7.021B
YoY Change -6.37% -6.28%
Intangibles $3.168B $3.168B $3.895B
YoY Change -18.66% -18.66%
Long-Term Investments $115.0M $126.0M $162.0M
YoY Change -29.01% -6.67% -80.34%
Other Assets $568.0M $679.0M $765.0M
YoY Change -25.75% 154.31% 507.14%
Total Long-Term Assets $12.50B $12.73B $14.19B
YoY Change -11.88% -6.78% -1.19%
TOTAL ASSETS
Total Short-Term Assets $4.194B $4.576B $3.533B
Total Long-Term Assets $12.50B $12.73B $14.19B
Total Assets $16.70B $17.31B $17.72B
YoY Change -5.78% -3.0% -0.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $936.0M $1.091B $861.0M
YoY Change 8.71% -9.39% -6.92%
Accrued Expenses $1.146B $1.173B $949.0M
YoY Change 20.76% -0.76% 2.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.452B $1.575B $1.195B
YoY Change 21.51% 11.7% -17.13%
Total Short-Term Liabilities $3.750B $4.001B $3.172B
YoY Change 18.22% 1.27% -8.3%
LONG-TERM LIABILITIES
Long-Term Debt $5.189B $5.855B $6.283B
YoY Change -17.41% -1.81% 0.48%
Other Long-Term Liabilities $726.0M $761.0M $725.0M
YoY Change 0.14% 194.96% 222.22%
Total Long-Term Liabilities $5.915B $6.616B $7.008B
YoY Change -15.6% 6.35% 8.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.750B $4.001B $3.172B
Total Long-Term Liabilities $5.915B $6.616B $7.008B
Total Liabilities $11.41B $12.33B $12.08B
YoY Change -5.54% 1.95% -0.51%
SHAREHOLDERS EQUITY
Retained Earnings $5.091B $4.891B $5.583B
YoY Change -8.81% -13.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.157B $4.840B $5.523B
YoY Change
Total Liabilities & Shareholders Equity $16.70B $17.31B $17.72B
YoY Change -5.78% -3.0% -0.61%

Cashflow Statement

Concept 2020 Q2 2019 Q4 2019 Q2
OPERATING ACTIVITIES
Net Income $220.0M $154.0M $118.0M
YoY Change 86.44% -46.34% -36.9%
Depreciation, Depletion And Amortization $144.0M $149.0M $158.0M
YoY Change -8.86% 0.68% -0.63%
Cash From Operating Activities $1.026B $373.0M $437.0M
YoY Change 134.78% 34.66% 3.31%
INVESTING ACTIVITIES
Capital Expenditures -$63.00M -$76.00M -$106.0M
YoY Change -40.57% -26.21% 107.84%
Acquisitions
YoY Change
Other Investing Activities -$29.00M -$38.00M -$95.00M
YoY Change -69.47% -116.24% 43.94%
Cash From Investing Activities -$92.00M -$114.0M -$201.0M
YoY Change -54.23% -187.02% 71.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -544.0M -193.0M -229.0M
YoY Change 137.55% -33.68% -67.05%
NET CHANGE
Cash From Operating Activities 1.026B 373.0M 437.0M
Cash From Investing Activities -92.00M -114.0M -201.0M
Cash From Financing Activities -544.0M -193.0M -229.0M
Net Change In Cash 390.0M 66.00M 7.000M
YoY Change 5471.43% -43.59% -101.8%
FREE CASH FLOW
Cash From Operating Activities $1.026B $373.0M $437.0M
Capital Expenditures -$63.00M -$76.00M -$106.0M
Free Cash Flow $1.089B $449.0M $543.0M
YoY Change 100.55% 18.16% 14.56%

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