$QRTEA
Qurate Retail Inc

2022 Q2 Form 10-Q Financial Statement

#000155837022012400 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $2.953B $4.059B $3.504B
YoY Change -15.72% -8.83% 2.4%
Cost Of Revenue $1.963B $2.727B $2.240B
YoY Change -12.37% -7.96% 1.04%
Gross Profit $990.0M $1.332B $1.264B
YoY Change -21.68% -10.54% 4.9%
Gross Profit Margin 33.53% 32.82% 36.07%
Selling, General & Admin $461.0M $552.0M $485.0M
YoY Change -4.95% -1.78% 8.5%
% of Gross Profit 46.57% 41.44% 38.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $134.0M $141.0M $129.0M
YoY Change 3.88% 4.44% -10.42%
% of Gross Profit 13.54% 10.59% 10.21%
Operating Expenses $461.0M $941.0M $485.0M
YoY Change -4.95% -1.88% 8.5%
Operating Profit $418.0M $391.0M $433.0M
YoY Change -3.46% -26.23% 6.91%
Interest Expense $119.0M -$130.0M $118.0M
YoY Change 0.85% -19.25% 24.21%
% of Operating Profit 28.47% -33.25% 27.25%
Other Income/Expense, Net -$77.00M $14.00M -$144.0M
YoY Change -46.53% -275.0% 28.57%
Pretax Income $341.0M -$99.00M $289.0M
YoY Change 17.99% -127.27% -1.37%
Income Tax $120.0M $104.0M $39.00M
% Of Pretax Income 35.19% 13.49%
Net Earnings $203.0M -$215.0M $222.0M
YoY Change -8.56% -132.28% 0.91%
Net Earnings / Revenue 6.87% -5.3% 6.34%
Basic Earnings Per Share $0.53 $0.54
Diluted Earnings Per Share $0.53 -$554.1K $0.52
COMMON SHARES
Basic Shares Outstanding 381.0M 410.0M
Diluted Shares Outstanding 382.0M 423.0M

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $561.0M $587.0M $950.0M
YoY Change -40.95% -27.17% 0.21%
Cash & Equivalents $561.0M $587.0M $950.0M
Short-Term Investments
Other Short-Term Assets $226.0M $235.0M $465.0M
YoY Change -51.4% -50.32% -24.76%
Inventory $1.737B $1.623B $1.428B
Prepaid Expenses
Receivables $1.142B $1.679B $1.199B
Other Receivables $175.0M $324.0M $385.0M
Total Short-Term Assets $3.841B $4.448B $4.427B
YoY Change -13.24% -2.56% 5.56%
LONG-TERM ASSETS
Property, Plant & Equipment $813.0M $1.030B $1.205B
YoY Change -32.53% -20.77% -6.73%
Goodwill $6.250B $6.339B $6.607B
YoY Change -5.4% -4.5% 0.5%
Intangibles $3.038B $3.038B $3.168B
YoY Change -4.1% -4.1% 0.0%
Long-Term Investments
YoY Change
Other Assets $621.0M $602.0M $651.0M
YoY Change -4.61% 9.65% 14.61%
Total Long-Term Assets $11.39B $11.75B $12.48B
YoY Change -8.74% -5.47% -0.19%
TOTAL ASSETS
Total Short-Term Assets $3.841B $4.448B $4.427B
Total Long-Term Assets $11.39B $11.75B $12.48B
Total Assets $15.23B $16.20B $16.91B
YoY Change -9.92% -4.69% 1.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.043B $1.429B $1.156B
YoY Change -9.78% 9.5% 23.5%
Accrued Expenses $1.020B $1.236B $1.123B
YoY Change -9.17% -12.83% -2.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.109B $1.315B $1.922B
YoY Change -42.3% -24.86% 32.37%
Total Short-Term Liabilities $3.374B $4.224B $4.402B
YoY Change -23.35% -10.2% 17.39%
LONG-TERM LIABILITIES
Long-Term Debt $5.360B $5.674B $5.266B
YoY Change 1.79% 9.41% 1.48%
Other Long-Term Liabilities $582.0M $707.0M $722.0M
YoY Change -19.39% -7.94% -0.55%
Total Long-Term Liabilities $5.942B $6.381B $5.988B
YoY Change -0.77% 7.17% 1.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.374B $4.224B $4.402B
Total Long-Term Liabilities $5.942B $6.381B $5.988B
Total Liabilities $12.04B $13.22B $12.99B
YoY Change -7.36% -0.38% 13.87%
SHAREHOLDERS EQUITY
Retained Earnings $3.134B $2.925B $3.787B
YoY Change -17.24% -16.95% -25.61%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.072B $2.850B $3.771B
YoY Change
Total Liabilities & Shareholders Equity $15.23B $16.20B $16.91B
YoY Change -9.92% -4.69% 1.25%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $203.0M -$215.0M $222.0M
YoY Change -8.56% -132.28% 0.91%
Depreciation, Depletion And Amortization $134.0M $141.0M $129.0M
YoY Change 3.88% 4.44% -10.42%
Cash From Operating Activities $121.0M $510.0M $549.0M
YoY Change -77.96% -15.0% -46.49%
INVESTING ACTIVITIES
Capital Expenditures -$58.00M -$75.00M -$63.00M
YoY Change -7.94% -18.48% 0.0%
Acquisitions
YoY Change
Other Investing Activities $311.0M $57.00M -$136.0M
YoY Change -328.68% -229.55% 368.97%
Cash From Investing Activities $253.0M -$18.00M -$199.0M
YoY Change -227.14% -86.76% 116.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -395.0M -695.0M -141.0M
YoY Change 180.14% -3.07% -74.08%
NET CHANGE
Cash From Operating Activities 121.0M 510.0M 549.0M
Cash From Investing Activities 253.0M -18.00M -199.0M
Cash From Financing Activities -395.0M -695.0M -141.0M
Net Change In Cash -21.00M -203.0M 209.0M
YoY Change -110.05% -19.76% -46.41%
FREE CASH FLOW
Cash From Operating Activities $121.0M $510.0M $549.0M
Capital Expenditures -$58.00M -$75.00M -$63.00M
Free Cash Flow $179.0M $585.0M $612.0M
YoY Change -70.75% -15.46% -43.8%

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us-gaap Other Nonoperating Income Expense
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88000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
341000000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
289000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
412000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
567000000

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