Quarterly report pursuant to Section 13 or 15(d)

Information About Qurate Retail's Operating Segments (Tables)

v3.24.2.u1
Information About Qurate Retail's Operating Segments (Tables)
6 Months Ended
Jun. 30, 2024
Information About Qurate Retail's Operating Segments  
Schedule of disaggregation of revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

​

June 30, 2024

​

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

​

Home

​

$

596

​

221

​

234

​

—

​

1,051

​

Apparel

​

​

328

​

105

​

39

​

—

​

472

​

Beauty

​

​

239

​

141

​

—

​

—

​

380

​

Accessories

​

​

212

​

53

​

—

​

—

​

265

​

Electronics

​

​

73

​

16

​

—

​

—

​

89

​

Jewelry

​

​

73

​

39

​

—

​

—

​

112

​

Other revenue

​

​

37

​

1

​

—

​

—

​

38

​

Total Revenue

​

$

1,558

​

576

​

273

​

—

​

2,407

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended

​

​

​

June 30, 2024

​

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

​

Home

​

$

1,185

​

458

​

423

​

—

​

2,066

​

Apparel

​

​

610

​

213

​

81

​

—

​

904

​

Beauty

​

​

478

​

270

​

—

​

—

​

748

​

Accessories

​

​

413

​

101

​

—

​

—

​

514

​

Electronics

​

​

181

​

31

​

—

​

—

​

212

​

Jewelry

​

​

153

​

72

​

—

​

—

​

225

​

Other revenue

​

​

77

​

3

​

—

​

—

​

80

​

Total Revenue

​

$

3,097

​

1,148

​

504

​

—

​

4,749

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

June 30, 2023

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

Home

​

$

602

​

244

​

275

​

26

​

1,147

Apparel

​

​

340

​

111

​

41

​

43

​

535

Beauty

​

​

264

​

143

​

—

​

5

​

412

Accessories

​

​

223

​

56

​

—

​

28

​

307

Electronics

​

​

82

​

15

​

—

​

—

​

97

Jewelry

​

​

65

​

35

​

—

​

3

​

103

Other revenue

​

​

42

​

2

​

—

​

4

​

48

Total Revenue

​

$

1,618

​

606

​

316

​

109

​

2,649

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended

​

​

​

June 30, 2023

​

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

in millions

​

Home

​

$

1,237

​

481

​

489

​

76

​

2,283

​

Apparel

​

​

635

​

224

​

86

​

113

​

1,058

​

Beauty

​

​

510

​

276

​

—

​

14

​

800

​

Accessories

​

​

415

​

107

​

—

​

78

​

600

​

Electronics

​

​

192

​

32

​

—

​

2

​

226

​

Jewelry

​

​

142

​

74

​

—

​

11

​

227

​

Other revenue

​

​

88

​

4

​

—

​

7

​

99

​

Total Revenue

​

$

3,219

​

1,198

​

575

​

301

​

5,293

​

Schedule of adjusted OIBDA

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30,

​

Six months ended June 30,

​

​

​

​

2024

​

2023

​

​

2024

​

2023

​

​

​

amounts in millions

​

​

​

​

​

​

QxH

​

$

194

 

185

​

​

379

 

324

​

QVC International

​

​

77

​

77

​

​

152

​

149

​

CBI

​

 

19

 

25

​

​

25

 

29

​

Corporate and other

​

 

(8)

 

(17)

​

​

(15)

 

(53)

​

Consolidated Qurate Retail

​

$

282

 

270

​

​

541

 

449

​

Schedule of other information by segment

​

​

​

​

​

​

​

​

​

​

June 30, 2024

 

​

​

Total assets

​

Capital expenditures

 

​

​

amounts in millions

 

QxH

​

$

7,749

 

61

​

QVC International

​

​

1,748

​

20

​

CBI

​

​

586

​

13

​

Corporate and other

​

 

856

 

—

​

Consolidated Qurate Retail

​

$

10,939

 

94

​

Schedule of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) before income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Six months ended

 

​

​

June 30,

​

June 30,

 

​

    

2024

    

2023

    

2024

    

2023

 

​

​

amounts in millions

 

Adjusted OIBDA

​

$

282

 

270

 

541

 

449

​

Stock-based compensation

​

 

(3)

 

(14)

 

(19)

 

(30)

​

Depreciation and amortization

​

 

(96)

 

(104)

 

(195)

 

(204)

​

Restructuring, penalties and fire related costs, net of recoveries

​

​

(18)

​

208

​

(18)

​

208

​

Gain on sale of assets and sale leaseback transactions

​

​

—

​

6

​

1

​

119

​

Operating income (loss)

​

$

165

​

366

​

310

​

542

​

Interest expense

​

 

(119)

 

(123)

 

(236)

 

(217)

​

Interest and dividend income

​

​

15

​

14

​

27

​

25

​

Realized and unrealized gains (losses) on financial instruments, net

​

 

(10)

 

(14)

 

(17)

 

(46)

​

Loss on disposition of Zulily, net

​

​

—

​

(64)

​

—

​

(64)

​

Other, net

​

 

(4)

 

6

 

(6)

 

10

​

Earnings (loss) before income taxes

​

$

47

 

185

 

78

 

250

​

​