Information About Qurate Retail's Operating Segments (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Information About Qurate Retail's Operating Segments |
|
| Performance Measures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
amounts in millions |
|
QxH |
|
$ |
6,995 |
|
746 |
|
7,359 |
|
750 |
|
8,277 |
|
1,439 |
|
QVC International |
|
|
2,454 |
|
325 |
|
2,528 |
|
358 |
|
3,077 |
|
562 |
|
CBI |
|
|
1,165 |
|
67 |
|
1,313 |
|
78 |
|
1,238 |
|
137 |
|
Corporate and other |
|
|
301 |
|
(64) |
|
906 |
|
(122) |
|
1,453 |
|
(58) |
|
Inter-segment eliminations |
|
|
— |
|
— |
|
— |
|
— |
|
(1) |
|
— |
|
Consolidated Qurate Retail |
|
$ |
10,915 |
|
1,074 |
|
12,106 |
|
1,064 |
|
14,044 |
|
2,080 |
|
|
| Other Information By Segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
Capital |
|
Total |
|
Capital |
|
|
|
assets |
|
expenditures |
|
assets |
|
expenditures |
|
|
|
|
amounts in millions |
|
QxH |
|
$ |
8,088 |
|
128 |
|
8,731 |
|
178 |
|
QVC International |
|
|
1,892 |
|
54 |
|
1,933 |
|
38 |
|
CBI |
|
|
566 |
|
45 |
|
558 |
|
39 |
|
Corporate and other |
|
|
822 |
|
3 |
|
1,349 |
|
13 |
|
Consolidated Qurate Retail |
|
$ |
11,368 |
|
230 |
|
12,571 |
|
268 |
|
|
| Reconciliation Of Segment Adjusted OIBDA To Operating income (loss) and Earnings (Loss) From Continuing Operations Before Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
Consolidated segment Adjusted OIBDA |
|
$ |
1,074 |
|
1,064 |
|
2,080 |
|
Stock-based compensation |
|
|
(53) |
|
(60) |
|
(72) |
|
Depreciation and amortization |
|
|
(407) |
|
(481) |
|
(537) |
|
Restructuring, penalties and fire related (costs), net of recoveries |
|
|
189 |
|
(3) |
|
(21) |
|
Gains on sale of assets and sale leaseback transactions |
|
|
113 |
|
520 |
|
— |
|
Impairment of intangible assets |
|
|
(326) |
|
(3,081) |
|
(363) |
|
Operating income |
|
|
590 |
|
(2,041) |
|
1,087 |
|
Interest expense |
|
|
(451) |
|
(456) |
|
(468) |
|
Interest and dividend income |
|
|
52 |
|
10 |
|
5 |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(61) |
|
55 |
|
98 |
|
Loss on disposition of Zulily, net |
|
|
(64) |
|
— |
|
— |
|
Tax sharing income (expense) with Liberty Broadband |
|
|
(11) |
|
79 |
|
10 |
|
Other, net |
|
|
11 |
|
45 |
|
(94) |
|
Earnings (loss) from continuing operations before income taxes |
|
$ |
66 |
|
(2,308) |
|
638 |
|
|
| Schedule of Revenue by geographic area |
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
United States |
|
$ |
8,442 |
|
9,514 |
|
10,864 |
|
Japan |
|
|
945 |
|
1,017 |
|
1,167 |
|
Germany |
|
|
788 |
|
813 |
|
1,027 |
|
Other foreign countries |
|
|
740 |
|
762 |
|
986 |
|
|
|
$ |
10,915 |
|
12,106 |
|
14,044 |
|
|
| Schedule of Long-lived Assets by Geographic Area |
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2023 |
|
2022 |
|
|
|
|
amounts in millions |
|
U.S. |
|
$ |
348 |
|
378 |
|
Japan |
|
|
91 |
|
104 |
|
Germany |
|
|
19 |
|
36 |
|
Other foreign countries |
|
|
54 |
|
52 |
|
|
|
$ |
512 |
|
570 |
|
|