$QRTEA
Qurate Retail Inc

2021 Q2 Form 10-Q Financial Statement

#000155837021010758 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $3.504B $3.422B
YoY Change 2.4% 10.0%
Cost Of Revenue $2.240B $2.217B
YoY Change 1.04% 11.07%
Gross Profit $1.264B $1.205B
YoY Change 4.9% 8.07%
Gross Profit Margin 36.07% 35.21%
Selling, General & Admin $485.0M $447.0M
YoY Change 8.5% 5.42%
% of Gross Profit 38.37% 37.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.0M $144.0M
YoY Change -10.42% -8.86%
% of Gross Profit 10.21% 11.95%
Operating Expenses $485.0M $447.0M
YoY Change 8.5% 5.42%
Operating Profit $433.0M $405.0M
YoY Change 6.91% 20.54%
Interest Expense $118.0M $95.00M
YoY Change 24.21% 2.15%
% of Operating Profit 27.25% 23.46%
Other Income/Expense, Net -$144.0M -$112.0M
YoY Change 28.57% -52.54%
Pretax Income $289.0M $293.0M
YoY Change -1.37% 193.0%
Income Tax $39.00M $59.00M
% Of Pretax Income 13.49% 20.14%
Net Earnings $222.0M $220.0M
YoY Change 0.91% 86.44%
Net Earnings / Revenue 6.34% 6.43%
Basic Earnings Per Share $0.54 $0.53
Diluted Earnings Per Share $0.52 $0.53
COMMON SHARES
Basic Shares Outstanding 410.0M 417.0M
Diluted Shares Outstanding 423.0M 418.0M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $950.0M $948.0M
YoY Change 0.21% 82.66%
Cash & Equivalents $950.0M $948.0M
Short-Term Investments
Other Short-Term Assets $465.0M $618.0M
YoY Change -24.76% 204.43%
Inventory $1.428B $1.304B
Prepaid Expenses
Receivables $1.199B $1.324B
Other Receivables $385.0M $0.00
Total Short-Term Assets $4.427B $4.194B
YoY Change 5.56% 18.71%
LONG-TERM ASSETS
Property, Plant & Equipment $1.205B $1.292B
YoY Change -6.73% -3.51%
Goodwill $6.607B $6.574B
YoY Change 0.5% -6.37%
Intangibles $3.168B $3.168B
YoY Change 0.0% -18.66%
Long-Term Investments $115.0M
YoY Change -29.01%
Other Assets $651.0M $568.0M
YoY Change 14.61% -25.75%
Total Long-Term Assets $12.48B $12.50B
YoY Change -0.19% -11.88%
TOTAL ASSETS
Total Short-Term Assets $4.427B $4.194B
Total Long-Term Assets $12.48B $12.50B
Total Assets $16.91B $16.70B
YoY Change 1.25% -5.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.156B $936.0M
YoY Change 23.5% 8.71%
Accrued Expenses $1.123B $1.146B
YoY Change -2.01% 20.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.922B $1.452B
YoY Change 32.37% 21.51%
Total Short-Term Liabilities $4.402B $3.750B
YoY Change 17.39% 18.22%
LONG-TERM LIABILITIES
Long-Term Debt $5.266B $5.189B
YoY Change 1.48% -17.41%
Other Long-Term Liabilities $722.0M $726.0M
YoY Change -0.55% 0.14%
Total Long-Term Liabilities $5.988B $5.915B
YoY Change 1.23% -15.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.402B $3.750B
Total Long-Term Liabilities $5.988B $5.915B
Total Liabilities $12.99B $11.41B
YoY Change 13.87% -5.54%
SHAREHOLDERS EQUITY
Retained Earnings $3.787B $5.091B
YoY Change -25.61% -8.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.771B $5.157B
YoY Change
Total Liabilities & Shareholders Equity $16.91B $16.70B
YoY Change 1.25% -5.78%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $222.0M $220.0M
YoY Change 0.91% 86.44%
Depreciation, Depletion And Amortization $129.0M $144.0M
YoY Change -10.42% -8.86%
Cash From Operating Activities $549.0M $1.026B
YoY Change -46.49% 134.78%
INVESTING ACTIVITIES
Capital Expenditures -$63.00M -$63.00M
YoY Change 0.0% -40.57%
Acquisitions
YoY Change
Other Investing Activities -$136.0M -$29.00M
YoY Change 368.97% -69.47%
Cash From Investing Activities -$199.0M -$92.00M
YoY Change 116.3% -54.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -141.0M -544.0M
YoY Change -74.08% 137.55%
NET CHANGE
Cash From Operating Activities 549.0M 1.026B
Cash From Investing Activities -199.0M -92.00M
Cash From Financing Activities -141.0M -544.0M
Net Change In Cash 209.0M 390.0M
YoY Change -46.41% 5471.43%
FREE CASH FLOW
Cash From Operating Activities $549.0M $1.026B
Capital Expenditures -$63.00M -$63.00M
Free Cash Flow $612.0M $1.089B
YoY Change -43.8% 100.55%

Facts In Submission

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dei Entity Registrant Name
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QURATE RETAIL, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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dei Entity Address City Or Town
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dei Entity Address State Or Province
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