Information About Qurate Retail's Operating Segments (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| Information About Qurate Retail's Operating Segments |
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| Schedule of disaggregation of revenue |
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Three months ended |
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September 30, 2022 |
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QxH |
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QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
621 |
|
208 |
|
53 |
|
283 |
|
1,165 |
|
Apparel |
|
|
330 |
|
100 |
|
79 |
|
44 |
|
553 |
|
Beauty |
|
|
252 |
|
129 |
|
9 |
|
— |
|
390 |
|
Accessories |
|
|
190 |
|
49 |
|
47 |
|
— |
|
286 |
|
Electronics |
|
|
152 |
|
20 |
|
2 |
|
— |
|
174 |
|
Jewelry |
|
|
73 |
|
45 |
|
6 |
|
— |
|
124 |
|
Other revenue |
|
|
45 |
|
3 |
|
4 |
|
— |
|
52 |
|
Total Revenue |
|
$ |
1,663 |
|
554 |
|
200 |
|
327 |
|
2,744 |
|
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Nine months ended |
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September 30, 2022 |
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|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
1,950 |
|
729 |
|
167 |
|
825 |
|
3,671 |
|
Apparel |
|
|
982 |
|
334 |
|
265 |
|
140 |
|
1,721 |
|
Beauty |
|
|
766 |
|
419 |
|
30 |
|
— |
|
1,215 |
|
Accessories |
|
|
633 |
|
162 |
|
145 |
|
— |
|
940 |
|
Electronics |
|
|
411 |
|
71 |
|
5 |
|
— |
|
487 |
|
Jewelry |
|
|
231 |
|
139 |
|
23 |
|
— |
|
393 |
|
Other revenue |
|
|
128 |
|
8 |
|
17 |
|
— |
|
153 |
|
Total Revenue |
|
$ |
5,101 |
|
1,862 |
|
652 |
|
965 |
|
8,580 |
|
|
|
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|
Three months ended |
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|
September 30, 2021 |
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|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
Home |
|
$ |
679 |
|
272 |
|
93 |
|
258 |
|
1,302 |
Apparel |
|
|
336 |
|
119 |
|
132 |
|
46 |
|
633 |
Beauty |
|
|
279 |
|
164 |
|
15 |
|
— |
|
458 |
Accessories |
|
|
210 |
|
62 |
|
66 |
|
— |
|
338 |
Electronics |
|
|
171 |
|
24 |
|
3 |
|
— |
|
198 |
Jewelry |
|
|
95 |
|
55 |
|
11 |
|
— |
|
161 |
Other revenue |
|
|
43 |
|
3 |
|
8 |
|
— |
|
54 |
Total Revenue |
|
$ |
1,813 |
|
699 |
|
328 |
|
304 |
|
3,144 |
|
|
|
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|
Nine months ended |
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|
|
September 30, 2021 |
|
|
|
|
QxH |
|
QVC Int'l |
|
Zulily |
|
Corp and other |
|
Total |
|
|
|
in millions |
|
Home |
|
$ |
2,229 |
|
905 |
|
336 |
|
748 |
|
4,218 |
|
Apparel |
|
|
985 |
|
372 |
|
429 |
|
133 |
|
1,919 |
|
Beauty |
|
|
859 |
|
521 |
|
50 |
|
— |
|
1,430 |
|
Accessories |
|
|
720 |
|
199 |
|
218 |
|
— |
|
1,137 |
|
Electronics |
|
|
539 |
|
89 |
|
10 |
|
— |
|
638 |
|
Jewelry |
|
|
269 |
|
169 |
|
37 |
|
— |
|
475 |
|
Other revenue |
|
|
137 |
|
9 |
|
22 |
|
— |
|
168 |
|
Total Revenue |
|
$ |
5,738 |
|
2,264 |
|
1,102 |
|
881 |
|
9,985 |
|
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| Performance Measures |
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Three months ended September 30, |
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Nine months ended September 30, |
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2022 |
|
2021 |
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|
2022 |
|
2021 |
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amounts in millions |
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|
|
|
|
|
QxH |
|
$ |
143 |
|
325 |
|
|
600 |
|
1,065 |
|
QVC International |
|
|
62 |
|
115 |
|
|
261 |
|
402 |
|
Zulily |
|
|
(25) |
|
(17) |
|
|
(61) |
|
(2) |
|
Corporate and other |
|
|
5 |
|
9 |
|
|
67 |
|
65 |
|
Consolidated Qurate Retail |
|
$ |
185 |
|
432 |
|
|
867 |
|
1,530 |
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| Other Information By Segment |
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|
September 30, 2022 |
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Total assets |
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Capital expenditures |
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|
|
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amounts in millions |
|
QxH |
|
$ |
8,929 |
|
116 |
|
QVC International |
|
|
1,767 |
|
19 |
|
Zulily |
|
|
228 |
|
10 |
|
Corporate and other |
|
|
872 |
|
26 |
|
Consolidated Qurate Retail |
|
$ |
11,796 |
|
171 |
|
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| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
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Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
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amounts in millions |
|
Adjusted OIBDA |
|
$ |
185 |
|
432 |
|
867 |
|
1,530 |
|
Stock-based compensation |
|
|
(15) |
|
(19) |
|
(46) |
|
(54) |
|
Depreciation and amortization |
|
|
(107) |
|
(139) |
|
(371) |
|
(396) |
|
Restructuring and fire related costs, net of recoveries (including Rocky Mount inventory losses, see note 8) |
|
|
134 |
|
— |
|
28 |
|
— |
|
Impairment of intangible assets |
|
|
(3,081) |
|
|
|
(3,081) |
|
|
|
Gains (losses) on sales of fixed assets, net |
|
|
277 |
|
— |
|
520 |
|
— |
|
Operating income (loss) |
|
$ |
(2,607) |
|
274 |
|
(2,083) |
|
1,080 |
|
Interest expense |
|
|
(107) |
|
(121) |
|
(343) |
|
(356) |
|
Share of earnings (loss) of affiliates, net |
|
|
— |
|
(24) |
|
(1) |
|
(78) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(8) |
|
41 |
|
29 |
|
101 |
|
Tax sharing income (expense) with Liberty Broadband |
|
|
36 |
|
(3) |
|
78 |
|
(16) |
|
Other, net |
|
|
37 |
|
3 |
|
83 |
|
6 |
|
Earnings (loss) before income taxes |
|
$ |
(2,649) |
|
170 |
|
(2,237) |
|
737 |
|
|