qrtea: the income statement

MyFinsight

For the year ending 2024-12-31, QRTEA made $10,037M in revenue. -$1,290M in net income. Net profit margin of -12.85%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2024-12-31
Total revenue, net	10,037
Operating expense	734
Depreciation and amortization	383
Restructuring, penalties and fire related costs, net of (recoveries) (note 14)	18
Gains on sale of assets and sale leaseback transactions	1
Impairment of intangible assets (note 5)	1,480
Selling, general and administrative, including stock-based compensation	1,708
Cost of goods sold (exclusive of depreciation shown separately below)	6,524
Total operating costs and expenses	10,846
Operating income (loss)	-809
Realized and unrealized gains (losses) on financial instruments, net (note 4)	-60
Tax sharing income (expense) with liberty broadband	-4
Dividend and interest income	50
Interest expense	468
Total other income (expense)	-482
Earnings (loss) before income taxes	-1,291
Income tax (expense) benefit (note 8)	-41
Net earnings (loss)	-1,250
Less net earnings (loss) attributable to the noncontrolling interests	40
Net earnings (loss) attributable to qvc group, inc. shareholders	-1,290

Basic eps	-3.26
Diluted eps	-3.26
Basic average shares	396,000,000
Diluted average shares	396,000,000