Income Statement QVC Group B OTC Markets

Stocks

QRTEB

US74915M7048

Market Closed - OTC Markets 17:30:18 11/05/2026 +04			5-day change	1st Jan Change
1.000 ^USD	+96.08%		+614.29%	-96.00%

08-11	QVC Group Inc.(NasdaqGS:QVCG) added to NASDAQ Composite Index	CI
08-04	Tranche Update on QVC Group Inc.'s Equity Buyback Plan announced on August 8, 2014.	CI

9059c3a7bdd20c371330b4.Fb2ZaBLp1DprYHlhXPSiQWtyMQc67Za5xWum-SKsiJI.fMjQKk2svWMPMj8xFrrjdB8UQXdjmM-MriHNn2OV-vlD8qkkdaC3DCZNSQ

Published financial data: QVC GROUP B

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	14.04B	12.11B	10.92B	10.04B	9.23B
Total Revenues	14.04B	12.11B	10.92B	10.04B	9.23B
Cost of Goods Sold, Total	9.23B	8.42B	7.23B	6.52B	6.06B
Gross Profit	4.81B	3.69B	3.68B	3.51B	3.17B
Selling General & Admin Expenses, Total	2.8B	2.78B	2.66B	2.44B	2.41B
Depreciation & Amortization - (IS)	537M	481M	407M	383M	353M
Other Operating Expenses	-	-	90M	-	-
Other Operating Expenses, Total	3.34B	3.26B	3.16B	2.82B	2.76B
Operating Income	1.47B	428M	524M	688M	402M
Interest Expense, Total	-468M	-456M	-451M	-468M	-496M
Interest And Investment Income	-	-	52M	50M	50M
Net Interest Expenses	-468M	-456M	-399M	-418M	-446M
Income (Loss) On Equity Invest.	-94M	-1M	-	-	-
Other Non Operating Income (Expenses)	36M	177M	-49M	-42M	-34M
EBT, Excl. Unusual Items	945M	148M	76M	228M	-78M
Restructuring Charges	-	-37M	-18M	-18M	-98M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-233M	-2.76B	-326M	-902M	-1.48B
Gain (Loss) On Sale Of Investments	77M	13M	-22M	-22M	-5M
Gain (Loss) On Sale Of Assets	-	520M	66M	1M	5M
Asset Writedown	-130M	-320M	-	-578M	-930M
Insurance Settlements	-	280M	280M	-	-
Other Unusual Items	-21M	-151M	10M	-	-
EBT, Incl. Unusual Items	638M	-2.31B	66M	-1.29B	-2.58B
Income Tax Expense	217M	224M	160M	-41M	-185M
Earnings From Continuing Operations	421M	-2.53B	-94M	-1.25B	-2.4B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	421M	-2.53B	-94M	-1.25B	-2.4B
Minority Interest	-81M	-62M	-51M	-40M	-41M
Net Income - (IS)	340M	-2.59B	-145M	-1.29B	-2.44B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	340M	-2.59B	-145M	-1.29B	-2.44B
Net Income to Common Excl. Extra Items	340M	-2.59B	-145M	-1.29B	-2.44B
Per Share Items
Net EPS - Basic	42.18	-341.32	-18.73	-162.88	-302.94
Basic EPS - Continuing Operations	42.18	-341.32	-18.73	-162.88	-302.94
Basic Weighted Average Shares Outstanding	8.06M	7.6M	7.74M	7.92M	8.05M
Net EPS - Diluted	41	-341.5	-18.73	-163	-302.97
Diluted EPS - Continuing Operations	41	-341.5	-18.73	-163	-302.97
Diluted Weighted Average Shares Outstanding	8.3M	7.6M	7.76M	7.92M	8.05M
Normalized Basic EPS	63.23	4.01	-0.45	12.94	-11.15
Normalized Diluted EPS	61.4	4.01	-0.45	12.94	-11.15
Payout Ratio	4.41	-0.46	-5.52	-0.31	-0.04
Supplemental Items
EBITDA	2.01B	909M	931M	1.07B	755M
EBITA	1.82B	751M	829M	981M	666M
EBIT	1.47B	428M	524M	688M	402M
EBITDAR	2.1B	1.04B	1.1B	1.23B	916M
Effective Tax Rate - (Ratio)	34.01	-9.71	242.42	3.18	7.16
Current Domestic Taxes	104M	128M	-4M	92M	-27M
Current Foreign Taxes	117M	84M	84M	78M	72M
Total Current Taxes	221M	212M	80M	170M	45M
Deferred Domestic Taxes	-2M	31M	53M	-214M	-233M
Deferred Foreign Taxes	-2M	-19M	27M	3M	3M
Total Deferred Taxes	-4M	12M	80M	-211M	-230M
Normalized Net Income	510M	30.5M	-3.5M	102M	-89.75M
Interest on Long-Term Debt	8M	3M	-	-	-
Supplemental Operating Expense Items
Advertising Expense	-	548M	509M	484M	532M
Selling and Marketing Expenses	-	548M	509M	484M	532M
Net Rental Expense, Total	96M	127M	168M	160M	161M
Imputed Operating Lease Interest Expense	41.05M	54.53M	78.3M	84.7M	86.75M
Imputed Operating Lease Depreciation	54.95M	72.47M	89.7M	75.3M	74.25M
Stock-Based Comp., SG&A Exp. (Total)	72M	60M	53M	32M	16M
Total Stock-Based Compensation	72M	60M	53M	32M	16M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	587M	1.28B	1.12B	905M	1.97B
Total Cash And Short Term Investments	587M	1.28B	1.12B	905M	1.97B
Accounts Receivable, Total	1.68B	1.26B	1.31B	1.14B	1.04B
Other Receivables	-	129M	-	-	-
Total Receivables	1.68B	1.39B	1.31B	1.14B	1.04B
Inventory	1.62B	1.35B	1.04B	1.06B	972M
Restricted Cash	9M	10M	15M	18M	61M
Other Current Assets, Total	550M	250M	194M	172M	178M
Total Current Assets	4.45B	4.28B	3.68B	3.3B	4.22B
Gross Property Plant And Equipment	2.95B	2.25B	2.11B	2.06B	1.94B
Accumulated Depreciation	-1.52B	-1.09B	-963M	-958M	-974M
Net Property Plant And Equipment	1.43B	1.16B	1.15B	1.1B	971M
Long-term Investments	-	-	-	-	-
Goodwill	6.34B	3.5B	3.16B	2.22B	800M
Other Intangibles, Total	3.78B	3.33B	3.22B	2.52B	1.53B
Other Long-Term Assets, Total	251M	310M	151M	103M	123M
Total Assets	16.25B	12.57B	11.37B	9.24B	7.64B
Liabilities
Accounts Payable, Total	1.43B	976M	895M	776M	701M
Accrued Expenses, Total	1.24B	1.13B	983M	953M	801M
Current Portion of Long-Term Debt	1.32B	828M	642M	867M	5.08B
Current Portion of Leases	84M	78M	40M	41M	38M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	160M	84M	57M	87M	59M
Total Current Liabilities	4.22B	3.1B	2.62B	2.72B	6.67B
Long-Term Debt	6.94B	6.79B	5.97B	5.37B	2.15B
Long-Term Leases	440M	520M	616M	598M	582M
Deferred Tax Liability Non Current	1.35B	1.44B	1.53B	1.31B	1.14B
Other Non Current Liabilities	267M	196M	147M	120M	106M
Total Liabilities	13.22B	12.05B	10.88B	10.13B	10.66B
Common Stock, Total	4M	4M	4M	4M	-
Additional Paid In Capital	-	53M	99M	134M	142M
Retained Earnings	2.97B	337M	196M	-1.09B	-3.53B
Comprehensive Income and Other	-79M	18M	86M	-15M	291M
Total Common Equity	2.89B	412M	385M	-971M	-3.1B
Minority Interest	136M	113M	104M	86M	83M
Total Equity	3.03B	525M	489M	-885M	-3.02B
Total Liabilities And Equity	16.25B	12.57B	11.37B	9.24B	7.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.59M	7.66M	7.83M	7.97M	8.09M
ECS Total Common Shares Outstanding	7.59M	7.66M	7.83M	7.97M	8.09M
Book Value / Share	381.5	53.82	49.14	-121.81	-383.4
Tangible Book Value	-7.23B	-6.42B	-6B	-5.71B	-5.43B
Tangible Book Value Per Share	-952.82	-838.51	-766.18	-716.29	-671.08
Total Debt	8.77B	8.22B	7.27B	6.88B	7.85B
Net Debt	8.19B	6.94B	6.14B	5.97B	5.88B
Debt Equivalent Oper. Leases	768M	1.02B	1.34B	1.28B	1.29B
Minority Interest, Total (Incl. Fin. Div)	136M	113M	104M	86M	83M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Others	1.76B	1.5B	1.16B	1.18B	-
Land - (BS)	116M	73M	68M	63M	45M
Buildings, Total	998M	453M	421M	452M	416M
Machinery, Total	1.16B	1.04B	917M	884M	872M
Full Time Employees	26.66K	24.6K	20.3K	18.9K	16.9K
Accumulated Allowance for Doubtful Accounts (Supple)	107M	111M	102M	91M	79M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	340M	-2.59B	-145M	-1.29B	-2.44B
Depreciation & Amortization - CF	185M	158M	102M	90M	89M
Amortization of Goodwill and Intangible Assets - (CF)	352M	323M	305M	293M	264M
Depreciation & Amortization, Total	537M	481M	407M	383M	353M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-10M	-520M	-49M	-1M	-5M
(Gain) Loss on Sale of Investments - (CF)	-77M	-13M	22M	22M	5M
Asset Writedown & Restructuring Costs	363M	3.08B	326M	1.48B	2.45B
(Income) Loss On Equity Investments - (CF)	94M	1M	-	-	-
Stock-Based Compensation (CF)	72M	60M	53M	32M	16M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	188M	-33M	195M	-132M	-50M
Change In Accounts Receivable	27M	124M	36M	144M	104M
Change In Inventories	-440M	254M	257M	-28M	112M
Change In Accounts Payable	147M	-446M	-34M	-104M	-89M
Change in Other Net Operating Assets	-16M	-201M	-149M	19M	-185M
Cash from Operations	1.22B	194M	919M	525M	274M
Capital Expenditure	-244M	-268M	-230M	-199M	-156M
Sale of Property, Plant, and Equipment	54M	704M	208M	6M	12M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-41M	-	-
Sale (Purchase) of Intangible assets	-187M	-45M	-113M	-37M	-93M
Investment in Marketable and Equity Securities, Total	-121M	6M	71M	7M	-
Other Investing Activities, Total	-3M	204M	51M	-2M	-8M
Cash from Investing	-501M	601M	-54M	-225M	-245M
Long-Term Debt Issued, Total	1.04B	3.03B	1.27B	2.01B	1.99B
Total Debt Issued	1.04B	3.03B	1.27B	2.01B	1.99B
Long-Term Debt Repaid, Total	-594M	-3.01B	-2.26B	-2.45B	-870M
Total Debt Repaid	-594M	-3.01B	-2.26B	-2.45B	-870M
Repurchase of Common Stock	-394M	-7M	-1M	-2M	-
Common Dividends Paid	-15M	-12M	-8M	-4M	-1M
Common & Preferred Stock Dividends Paid	-15M	-12M	-8M	-4M	-1M
Special Dividend Paid	-488M	-	-	-	-
Other Financing Activities, Total	-460M	-74M	-10M	-52M	-51M
Cash from Financing	-914M	-72M	-1.01B	-498M	1.06B
Foreign Exchange Rate Adjustments	-28M	-34M	-4M	-15M	17M
Net Change in Cash	-218M	689M	-149M	-213M	1.11B
Supplemental Items
Cash Interest Paid	458M	447M	471M	458M	414M
Cash Income Tax Paid (Refund)	29M	284M	107M	153M	106M
Levered Free Cash Flow	655M	440M	344M	364M	-50.75M
Unlevered Free Cash Flow	947M	724M	626M	657M	259M
Change In Net Working Capital	150M	-229M	-181M	-48M	112M
Net Debt Issued / Repaid	443M	21M	-991M	-440M	1.12B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.53	1.86	2.74	4.17	2.98
Return on Total Capital	7.58	2.61	3.97	6.26	4.64
Return On Equity %	12.45	-144.23	-18.54	631.31	122.91
Return on Common Equity	10.47	-159.04	-36.39	440.27	119.82
Margin Analysis
Gross Profit Margin %	34.27	30.47	33.76	35	34.3
SG&A Margin	19.97	22.96	24.41	24.33	26.12
EBITDA Margin %	14.3	7.51	8.53	10.67	8.18
EBITA Margin %	12.98	6.2	7.6	9.77	7.22
EBIT Margin %	10.47	3.54	4.8	6.85	4.36
Income From Continuing Operations Margin %	3	-20.92	-0.86	-12.45	-25.98
Net Income Margin %	2.42	-21.43	-1.33	-12.85	-26.42
Net Avail. For Common Margin %	2.42	-21.43	-1.33	-12.85	-26.42
Normalized Net Income Margin	3.63	0.25	-0.03	1.02	-0.97
Levered Free Cash Flow Margin	4.66	3.63	3.15	3.63	-0.55
Unlevered Free Cash Flow Margin	6.75	5.98	5.73	6.55	2.81
Asset Turnover
Asset Turnover	0.84	0.84	0.91	0.97	1.09
Fixed Assets Turnover	9.06	9.55	9.48	8.93	8.9
Receivables Turnover (Average Receivables)	8.46	8.32	8.2	8.19	8.46
Inventory Turnover (Average Inventory)	6.31	5.67	6.05	6.2	5.97
Short Term Liquidity
Current Ratio	1.05	1.38	1.41	1.21	0.63
Quick Ratio	0.54	0.86	0.93	0.75	0.45
Operating Cash Flow to Current Liabilities	0.29	0.06	0.35	0.19	0.04
Days Sales Outstanding (Average Receivables)	43.13	43.85	44.51	44.69	43.16
Days Outstanding Inventory (Average Inventory)	57.81	64.37	60.33	59.05	61.18
Average Days Payable Outstanding	52.23	53.92	49.29	46.75	45.11
Cash Conversion Cycle (Average Days)	48.71	54.31	55.55	56.98	59.23
Long Term Solvency
Total Debt/Equity	289.57	1.57K	1.49K	-777.29	-260.16
Total Debt / Total Capital	74.33	93.99	93.69	114.76	162.44
LT Debt/Equity	243.4	1.39K	1.35K	-674.69	-90.69
Long-Term Debt / Total Capital	62.48	83.63	84.9	99.62	56.62
Total Liabilities / Total Assets	81.35	95.82	95.7	109.57	139.47
EBIT / Interest Expense	3.14	0.94	1.16	1.47	0.81
EBITDA / Interest Expense	4.5	2.27	2.44	2.63	1.85
(EBITDA - Capex) / Interest Expense	3.97	1.68	1.93	2.21	1.53
Total Debt / EBITDA	4.17	7.93	6.61	5.59	8.57
Net Debt / EBITDA	3.89	6.7	5.59	4.85	6.42
Total Debt / (EBITDA - Capex)	4.72	10.7	8.36	6.67	10.33
Net Debt / (EBITDA - Capex)	4.4	9.04	7.07	5.79	7.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.94	-13.8	-9.84	-8.04	-8.04
Gross Profit, 1 Yr. Growth %	-1.49	-23.35	-2.62	-4.67	-9.88
EBITDA, 1 Yr. Growth %	-5.9	-54.73	-20.5	15.04	-29.51
EBITA, 1 Yr. Growth %	-5.79	-58.8	-18.16	18.34	-32.11
EBIT, 1 Yr. Growth %	-6.42	-70.9	-24.06	31.3	-41.57
Earnings From Cont. Operations, 1 Yr. Growth %	-66.64	-701.43	-96.29	1.23K	91.84
Net Income, 1 Yr. Growth %	-71.76	-862.94	-94.41	789.66	89.07
Normalized Net Income, 1 Yr. Growth %	5.19	-94.06	-101.8	3.63K	-187.56
Diluted EPS Before Extra, 1 Yr. Growth %	-71.33	-932.93	-94.51	770.08	85.87
Accounts Receivable, 1 Yr. Growth %	2.38	-23.05	-3.4	-12.61	-9.01
Inventory, 1 Yr. Growth %	24.75	-17.07	-22.44	1.63	-8.39
Net Property, Plant and Equip., 1 Yr. Growth %	-14.54	-16.36	-0.69	-3.92	-11.89
Total Assets, 1 Yr. Growth %	-4.41	-22.41	-9.57	-18.69	-17.31
Tangible Book Value, 1 Yr. Growth %	3.45	-11.73	-6.48	-4.88	-4.97
Common Equity, 1 Yr. Growth %	-19.57	-85.54	-6.55	-352.21	219.26
Cash From Operations, 1 Yr. Growth %	-50.1	-84.16	373.71	-42.87	-47.81
Capital Expenditures, 1 Yr. Growth %	-5.06	9.84	-14.18	-13.48	-21.61
Levered Free Cash Flow, 1 Yr. Growth %	-61.38	-32.89	-43.04	6.07	-113.92
Unlevered Free Cash Flow, 1 Yr. Growth %	-51.43	-23.53	-29.58	5.04	-60.54
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.15	-7.59	-11.84	-8.95	-8.04
Gross Profit, 2 Yr. CAGR %	2.75	-13.11	-12.5	-2.41	-7.31
EBITDA, 2 Yr. CAGR %	1.27	-34.73	-31.55	-0.23	-9.95
EBITA, 2 Yr. CAGR %	2.42	-37.7	-32.17	3.37	-10.26
EBIT, 2 Yr. CAGR %	4.31	-47.82	-39.89	7.53	-12.41
Earnings From Cont. Operations, 2 Yr. CAGR %	1.96	42.1	-52.75	-29.74	405.08
Net Income, 2 Yr. CAGR %	-13.65	47.27	-34.7	-29.48	310.13
Normalized Net Income, 2 Yr. CAGR %	29.48	-74.94	-91.6	-12.82	471.28
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.86	55.08	-32.4	-30.91	302.02
Accounts Receivable, 2 Yr. CAGR %	-4.84	-12.17	-10.8	-8.12	-10.83
Inventory, 2 Yr. CAGR %	7.17	1.71	-19.8	-11.22	-3.51
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.62	-16.86	-8.87	-2.32	-7.99
Total Assets, 2 Yr. CAGR %	-3.1	-14	-16.24	-14.25	-18
Tangible Book Value, 2 Yr. CAGR %	11.07	-4.15	-9.14	-5.68	-4.93
Common Equity, 2 Yr. CAGR %	-22.67	-66.16	-63.25	53.52	183.76
Cash From Operations, 2 Yr. CAGR %	-2.32	-71.89	-13.39	64.5	-45.4
Capital Expenditures, 2 Yr. CAGR %	-13.35	2.12	-2.91	-13.83	-17.64
Levered Free Cash Flow, 2 Yr. CAGR %	52.86	-49.09	-26.83	-18.13	-61.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	35.76	-39.05	-18.18	-10.97	-35.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.06	-3.47	-8.35	-10.59	-8.64
Gross Profit, 3 Yr. CAGR %	-0.33	-6.82	-8.97	-9.96	-4.97
EBITDA, 3 Yr. CAGR %	-0.94	-22.57	-24.16	-18.62	-11.14
EBITA, 3 Yr. CAGR %	-0.58	-24.4	-24.61	-18.35	-10.14
EBIT, 3 Yr. CAGR %	0.97	-31.85	-30.66	-22	-12.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-20.02	84.22	-57.84	43.73	-1.8
Net Income, 3 Yr. CAGR %	-28.13	78.51	-50.51	55.97	-2.03
Normalized Net Income, 3 Yr. CAGR %	2.54	-53.53	-80.69	-40.9	-12.7
Diluted EPS Before Extra, 3 Yr. CAGR %	-10.58	84.93	-49.09	58.42	-3.91
Accounts Receivable, 3 Yr. CAGR %	-2.92	-11.96	-7.26	-11.41	-8.42
Inventory, 3 Yr. CAGR %	3.26	-1.61	-7.07	-13.21	-10.28
Net Property, Plant and Equip., 3 Yr. CAGR %	2.6	-12.9	-11.79	-7.25	-5.62
Total Assets, 3 Yr. CAGR %	-3.07	-10.11	-12.55	-17.06	-15.28
Tangible Book Value, 3 Yr. CAGR %	4.43	3.09	-4.93	-7.74	-5.45
Common Equity, 3 Yr. CAGR %	-19.87	-56.01	-52.52	-30.16	95.95
Cash From Operations, 3 Yr. CAGR %	-1.27	-46.74	-27.93	-24.61	12.2
Capital Expenditures, 3 Yr. CAGR %	-3.91	-6.23	-3.63	-6.57	-16.5
Levered Free Cash Flow, 3 Yr. CAGR %	-6.06	16.18	-41.26	-17.18	-54.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.69	12.12	-31.55	-11.07	-32.12
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.69	3.08	-4.95	-5.7	-8.23
Gross Profit, 5 Yr. CAGR %	5.18	0.41	-5.39	-5.08	-8.31
EBITDA, 5 Yr. CAGR %	2.88	-12.12	-14.74	-11.37	-18.76
EBITA, 5 Yr. CAGR %	3.02	-13.58	-14.88	-10.81	-19.21
EBIT, 5 Yr. CAGR %	8.73	-17.23	-18.18	-12.64	-23.87
Earnings From Cont. Operations, 5 Yr. CAGR %	-11.49	4.47	-35.2	25.28	13.84
Net Income, 5 Yr. CAGR %	-22.74	1.22	-30.83	23.12	15.32
Normalized Net Income, 5 Yr. CAGR %	21.93	-23.99	-62.51	-19.54	-28.66
Diluted EPS Before Extra, 5 Yr. CAGR %	70.2	32.21	-20.05	24.73	16.36
Accounts Receivable, 5 Yr. CAGR %	5.12	-6.03	-6.55	-9.22	-8.71
Inventory, 5 Yr. CAGR %	10.89	-0.94	-6.67	-5.57	-5.66
Net Property, Plant and Equip., 5 Yr. CAGR %	4.77	-2.94	-2.8	-8.81	-10.29
Total Assets, 5 Yr. CAGR %	-4.41	-12.22	-8.62	-11.79	-14.77
Tangible Book Value, 5 Yr. CAGR %	15.04	23.05	-1.11	-0.51	-4.93
Common Equity, 5 Yr. CAGR %	-15.64	-47.14	-41.51	-27.48	-2.94
Cash From Operations, 5 Yr. CAGR %	-3.45	-33.48	-6.31	-16.38	-35.5
Capital Expenditures, 5 Yr. CAGR %	0.93	5.61	-3.51	-9.34	-9.5
Levered Free Cash Flow, 5 Yr. CAGR %	-9.39	-13.9	-15.34	5.4	-50.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.12	-8.84	-9.46	5.03	-33.21