$QRTEA
Qurate Retail, Inc.

2020 Q3 Form 10-Q Financial Statement

#000155837020012923 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $3.383B $4.173B $3.089B
YoY Change 9.52% -4.64% -4.39%
Cost Of Revenue $2.178B $2.854B $2.026B
YoY Change 7.5% -3.48% -3.94%
Gross Profit $1.205B $1.319B $1.063B
YoY Change 13.36% -7.05% -5.26%
Gross Profit Margin 35.62% 31.61% 34.41%
Selling, General & Admin $455.0M $485.0M $424.0M
YoY Change 7.31% -10.19% -11.11%
% of Gross Profit 37.76% 36.77% 39.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $141.0M $149.0M $146.0M
YoY Change -3.42% 0.68% -12.57%
% of Gross Profit 11.7% 11.3% 13.73%
Operating Expenses $455.0M $885.0M $424.0M
YoY Change 7.31% -6.94% -11.11%
Operating Profit $406.0M $287.0M -$727.0M
YoY Change -155.85% -34.02% -406.75%
Interest Expense $98.00M -$160.0M $93.00M
YoY Change 5.38% -12.09% -1.06%
% of Operating Profit 24.14% -55.75%
Other Income/Expense, Net $16.00M -$1.000M -$178.0M
YoY Change -108.99% -103.03% 17.11%
Pretax Income $422.0M $125.0M -$905.0M
YoY Change -146.63% -56.45% -1164.71%
Income Tax $70.00M -$29.00M -$150.0M
% Of Pretax Income 16.59% -23.2%
Net Earnings $338.0M $154.0M -$770.0M
YoY Change -143.9% -46.34% -1169.44%
Net Earnings / Revenue 9.99% 3.69% -24.93%
Basic Earnings Per Share $0.81 -$1.85
Diluted Earnings Per Share $0.80 $339.8K -$1.85
COMMON SHARES
Basic Shares Outstanding 417.0M 417.0M
Diluted Shares Outstanding 421.0M 418.0M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.044B $673.0M $605.0M
YoY Change 72.56% 3.06% 13.72%
Cash & Equivalents $1.044B $673.0M $605.0M
Short-Term Investments
Other Short-Term Assets $702.0M $434.0M $290.0M
YoY Change 142.07% 93.75% 46.46%
Inventory $1.481B $1.413B $1.674B
Prepaid Expenses
Receivables $1.142B $1.854B $1.260B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.369B $4.576B $3.829B
YoY Change 14.1% 9.32% 5.11%
LONG-TERM ASSETS
Property, Plant & Equipment $1.282B $1.351B $1.321B
YoY Change -2.95% 2.19% 1.62%
Goodwill $6.601B $6.576B $6.559B
YoY Change 0.64% -6.28%
Intangibles $3.168B $3.168B $3.315B
YoY Change -4.43% -18.66%
Long-Term Investments $52.00M $126.0M $155.0M
YoY Change -66.45% -6.67% -72.02%
Other Assets $573.0M $679.0M $845.0M
YoY Change -32.19% 154.31% 503.57%
Total Long-Term Assets $12.42B $12.73B $13.15B
YoY Change -5.53% -6.78% -6.27%
TOTAL ASSETS
Total Short-Term Assets $4.369B $4.576B $3.829B
Total Long-Term Assets $12.42B $12.73B $13.15B
Total Assets $16.79B $17.31B $16.98B
YoY Change -1.1% -3.0% -3.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.147B $1.091B $1.013B
YoY Change 13.23% -9.39% -13.12%
Accrued Expenses $1.101B $1.173B $927.0M
YoY Change 18.77% -0.76% -2.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.682B $1.575B $1.220B
YoY Change 37.87% 11.7% -17.12%
Total Short-Term Liabilities $4.156B $4.001B $3.351B
YoY Change 24.02% 1.27% -11.07%
LONG-TERM LIABILITIES
Long-Term Debt $5.184B $5.855B $6.338B
YoY Change -18.21% -1.81% 7.7%
Other Long-Term Liabilities $753.0M $761.0M $764.0M
YoY Change -1.44% 194.96% 199.61%
Total Long-Term Liabilities $5.937B $6.616B $7.102B
YoY Change -16.4% 6.35% 15.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.156B $4.001B $3.351B
Total Long-Term Liabilities $5.937B $6.616B $7.102B
Total Liabilities $13.09B $12.33B $12.21B
YoY Change 7.17% 1.95% 1.44%
SHAREHOLDERS EQUITY
Retained Earnings $3.531B $4.891B $4.734B
YoY Change -25.41% -13.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.578B $4.840B $4.643B
YoY Change
Total Liabilities & Shareholders Equity $16.79B $17.31B $16.98B
YoY Change -1.1% -3.0% -3.93%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $338.0M $154.0M -$770.0M
YoY Change -143.9% -46.34% -1169.44%
Depreciation, Depletion And Amortization $141.0M $149.0M $146.0M
YoY Change -3.42% 0.68% -12.57%
Cash From Operating Activities $657.0M $373.0M $317.0M
YoY Change 107.26% 34.66% 11.23%
INVESTING ACTIVITIES
Capital Expenditures -$57.00M -$76.00M -$82.00M
YoY Change -30.49% -26.21% 10.81%
Acquisitions
YoY Change
Other Investing Activities $198.0M -$38.00M -$37.00M
YoY Change -635.14% -116.24% -118.88%
Cash From Investing Activities $141.0M -$114.0M -$119.0M
YoY Change -218.49% -187.02% -197.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -710.0M -193.0M -108.0M
YoY Change 557.41% -33.68% -79.51%
NET CHANGE
Cash From Operating Activities 657.0M 373.0M 317.0M
Cash From Investing Activities 141.0M -114.0M -119.0M
Cash From Financing Activities -710.0M -193.0M -108.0M
Net Change In Cash 88.00M 66.00M 90.00M
YoY Change -2.22% -43.59% -175.0%
FREE CASH FLOW
Cash From Operating Activities $657.0M $373.0M $317.0M
Capital Expenditures -$57.00M -$76.00M -$82.00M
Free Cash Flow $714.0M $449.0M $399.0M
YoY Change 78.95% 18.16% 11.14%

Facts In Submission

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