Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenues $ 1,905 $ 2,111
Operating costs and expenses:    
Cost of goods sold (exclusive of depreciation and amortization shown separately below) 1,271 1,373
Operating expense 154 170
Selling, general and administrative, including transaction related costs and stock-based compensation 299 320
Depreciation, Depletion and Amortization 95 92
Restructuring Costs 57 0
Gain (Loss) on Disposition of Assets 0 (1)
Costs and Expenses 1,876 1,954
Operating income (loss) 29 157
Other income (expense):    
Interest expense, net (60) (62)
Foreign currency gain (loss) (4) (1)
Nonoperating Income (Expense) (64) (63)
Earnings (loss) before income taxes (35) 94
Income tax (expense) benefit 2 (32)
Net earnings (loss) (33) 62
Less net (earnings) loss attributable to the noncontrolling interest (9) (11)
Net earnings (loss) attributable to QVC, Inc. shareholder $ (42) $ 51