$QRTEA
Qurate Retail, Inc.

2021 Q3 Form 10-Q Financial Statement

#000155837021014623 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $3.144B $4.452B $3.383B
YoY Change -7.06% 6.69% 9.52%
Cost Of Revenue $2.069B $2.963B $2.178B
YoY Change -5.0% 3.82% 7.5%
Gross Profit $1.075B $1.489B $1.205B
YoY Change -10.79% 12.89% 13.36%
Gross Profit Margin 34.19% 33.45% 35.62%
Selling, General & Admin $458.0M $562.0M $455.0M
YoY Change 0.66% 15.88% 7.31%
% of Gross Profit 42.6% 37.74% 37.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $139.0M $135.0M $141.0M
YoY Change -1.42% -9.4% -3.42%
% of Gross Profit 12.93% 9.07% 11.7%
Operating Expenses $458.0M $959.0M $455.0M
YoY Change 0.66% 8.36% 7.31%
Operating Profit $274.0M $530.0M $406.0M
YoY Change -32.51% 84.67% -155.85%
Interest Expense $121.0M -$161.0M $98.00M
YoY Change 23.47% 0.63% 5.38%
% of Operating Profit 44.16% -30.38% 24.14%
Other Income/Expense, Net -$104.0M -$8.000M $16.00M
YoY Change -750.0% 700.0% -108.99%
Pretax Income $170.0M $363.0M $422.0M
YoY Change -59.72% 190.4% -146.63%
Income Tax $20.00M -$322.0M $70.00M
% Of Pretax Income 11.76% -88.71% 16.59%
Net Earnings $127.0M $666.0M $338.0M
YoY Change -62.43% 332.47% -143.9%
Net Earnings / Revenue 4.04% 14.96% 9.99%
Basic Earnings Per Share $0.31 $0.81
Diluted Earnings Per Share $0.31 $1.571M $0.80
COMMON SHARES
Basic Shares Outstanding 404.0M 417.0M
Diluted Shares Outstanding 416.0M 421.0M

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $798.0M $806.0M $1.044B
YoY Change -23.56% 19.76% 72.56%
Cash & Equivalents $798.0M $806.0M $1.044B
Short-Term Investments
Other Short-Term Assets $418.0M $473.0M $702.0M
YoY Change -40.46% 8.99% 142.07%
Inventory $1.742B $1.301B $1.481B
Prepaid Expenses
Receivables $1.185B $1.640B $1.142B
Other Receivables $394.0M $345.0M $0.00
Total Short-Term Assets $4.537B $4.565B $4.369B
YoY Change 3.85% -0.24% 14.1%
LONG-TERM ASSETS
Property, Plant & Equipment $1.196B $1.300B $1.282B
YoY Change -6.71% -3.77% -2.95%
Goodwill $6.592B $6.638B $6.601B
YoY Change -0.14% 0.94% 0.64%
Intangibles $3.168B $3.168B $3.168B
YoY Change 0.0% 0.0% -4.43%
Long-Term Investments $52.00M
YoY Change -66.45%
Other Assets $673.0M $549.0M $573.0M
YoY Change 17.45% -19.15% -32.19%
Total Long-Term Assets $12.42B $12.43B $12.42B
YoY Change 0.0% -2.32% -5.53%
TOTAL ASSETS
Total Short-Term Assets $4.537B $4.565B $4.369B
Total Long-Term Assets $12.42B $12.43B $12.42B
Total Assets $16.96B $17.00B $16.79B
YoY Change 1.0% -1.77% -1.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.238B $1.305B $1.147B
YoY Change 7.93% 19.62% 13.23%
Accrued Expenses $1.034B $1.418B $1.101B
YoY Change -6.09% 20.89% 18.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.983B $1.750B $1.682B
YoY Change 17.9% 11.11% 37.87%
Total Short-Term Liabilities $4.445B $4.704B $4.156B
YoY Change 6.95% 17.57% 24.02%
LONG-TERM LIABILITIES
Long-Term Debt $5.311B $5.186B $5.184B
YoY Change 2.45% -11.43% -18.21%
Other Long-Term Liabilities $712.0M $768.0M $753.0M
YoY Change -5.44% 0.92% -1.44%
Total Long-Term Liabilities $6.023B $5.954B $5.937B
YoY Change 1.45% -10.01% -16.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.445B $4.704B $4.156B
Total Long-Term Liabilities $6.023B $5.954B $5.937B
Total Liabilities $13.05B $13.27B $13.09B
YoY Change -0.3% 7.57% 7.17%
SHAREHOLDERS EQUITY
Retained Earnings $3.822B $3.522B $3.531B
YoY Change 8.24% -27.99% -25.41%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.766B $3.598B $3.578B
YoY Change
Total Liabilities & Shareholders Equity $16.96B $17.00B $16.79B
YoY Change 1.0% -1.77% -1.1%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $127.0M $666.0M $338.0M
YoY Change -62.43% 332.47% -143.9%
Depreciation, Depletion And Amortization $139.0M $135.0M $141.0M
YoY Change -1.42% -9.4% -3.42%
Cash From Operating Activities $13.00M $600.0M $657.0M
YoY Change -98.02% 60.86% 107.26%
INVESTING ACTIVITIES
Capital Expenditures -$59.00M -$92.00M -$57.00M
YoY Change 3.51% 21.05% -30.49%
Acquisitions
YoY Change
Other Investing Activities -$45.00M -$44.00M $198.0M
YoY Change -122.73% 15.79% -635.14%
Cash From Investing Activities -$104.0M -$136.0M $141.0M
YoY Change -173.76% 19.3% -218.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -55.00M -717.0M -710.0M
YoY Change -92.25% 271.5% 557.41%
NET CHANGE
Cash From Operating Activities 13.00M 600.0M 657.0M
Cash From Investing Activities -104.0M -136.0M 141.0M
Cash From Financing Activities -55.00M -717.0M -710.0M
Net Change In Cash -146.0M -253.0M 88.00M
YoY Change -265.91% -483.33% -2.22%
FREE CASH FLOW
Cash From Operating Activities $13.00M $600.0M $657.0M
Capital Expenditures -$59.00M -$92.00M -$57.00M
Free Cash Flow $72.00M $692.0M $714.0M
YoY Change -89.92% 54.12% 78.95%

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