Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues $ 8,997 $ 9,449 $ 9,887
Operating costs and expenses:      
Cost of goods sold (exclusive of depreciation and amortization shown separately below) 5,905 6,273 6,846
Operating 693 739 760
Selling, general and administrative, including stock-based compensation 1,321 1,403 1,304
Depreciation 77 90 111
Amortization 274 282 290
Goodwill and Intangible Asset Impairment 1,480 326 2,600
Restructuring, penalties and fire related costs, net of (recoveries) (note 17) 18 (196) (105)
Gains on sales of assets and sale leaseback transactions (1) (113) (520)
Operating expenses 9,767 8,804 11,286
Operating (loss) income (770) 645 (1,399)
Other (expense) income:      
Losses on financial instruments 0 (1) (9)
Interest expense, net (251) (228) (228)
Foreign currency gain (loss) (9) (10) 32
Gain (loss) on extinguishment of debt 0 10 (6)
Other (expense) income (7) 0 20
Nonoperating expense (249) (229) (191)
(Loss) income before income taxes (1,019) 416 (1,590)
Income tax expense (3) (205) (220)
Net (loss) income (1,022) 211 (1,810)
Less: net income attributable to the noncontrolling interest (47) (52) (57)
Net (loss) income attributable to QVC, Inc. stockholder $ (1,069) $ 159 $ (1,867)