Cash flow Qurate Retail, Inc.

Equities

QRTEA

US74915M1009

Department Stores

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-06 pm EDT			5-day change	1st Jan Change
0.4985 ^USD	-4.79%		-16.93%	-43.06%

Aug. 08	Qurate Retail, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Aug. 08	Qurate Retail, Inc. Announces Executive Changes	CI

893666a733e2804fca13ca6e5dbf98.PQwvQgwhFhpAmzNVUzjlUJHtVPRsC0ZyHhaDUKc4CNA.e1pad1ZtX1MT3HQeOl6RGvy4IoccPiIZbCfXAvgLUJJbfxkBTWMgSxTpCw

Published financial data: QURATE RETAIL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	13.46B	14.18B	14.04B	12.11B	10.92B
Total Revenues	13.46B	14.18B	14.04B	12.11B	10.92B
Cost of Goods Sold, Total	8.9B	9.29B	9.23B	8.42B	7.23B
Gross Profit	4.56B	4.89B	4.81B	3.69B	3.68B
Selling General & Admin Expenses, Total	2.6B	2.75B	2.8B	2.78B	2.66B
Depreciation & Amortization - (IS)	606M	562M	537M	481M	407M
Other Operating Expenses	-	-	-	-	90M
Other Operating Expenses, Total	3.21B	3.31B	3.34B	3.26B	3.16B
Operating Income	1.35B	1.57B	1.47B	428M	524M
Interest Expense, Total	-374M	-408M	-468M	-456M	-451M
Interest And Investment Income	-	-	-	-	52M
Net Interest Expenses	-374M	-408M	-468M	-456M	-399M
Income (Loss) On Equity Invest.	-160M	-156M	-94M	-1M	-
Other Non Operating Income (Expenses)	-250M	-140M	36M	177M	-49M
EBT, Excl. Unusual Items	568M	868M	945M	148M	76M
Restructuring Charges	-	-	-	-37M	-18M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-440M	-	-233M	-2.76B	-326M
Gain (Loss) On Sale Of Investments	-22M	223M	77M	13M	-22M
Gain (Loss) On Sale Of Assets	-	-	-	520M	66M
Asset Writedown	-727M	-	-130M	-320M	-
Insurance Settlements	-	-	-	280M	280M
Other Unusual Items	-1M	-40M	-21M	-151M	10M
EBT, Incl. Unusual Items	-622M	1.05B	638M	-2.31B	66M
Income Tax Expense	-217M	-211M	217M	224M	160M
Earnings From Continuing Operations	-405M	1.26B	421M	-2.53B	-94M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-405M	1.26B	421M	-2.53B	-94M
Minority Interest	-51M	-58M	-81M	-62M	-51M
Net Income - (IS)	-456M	1.2B	340M	-2.59B	-145M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-456M	1.2B	340M	-2.59B	-145M
Net Income to Common Excl. Extra Items	-456M	1.2B	340M	-2.59B	-145M
Per Share Items
Net EPS - Basic	-1.08	2.89	0.84	-6.83	-0.37
Basic EPS - Continuing Operations	-1.08	2.89	0.84	-6.83	-0.37
Basic Weighted Average Shares Outstanding	424M	416M	403M	380M	387M
Net EPS - Diluted	-1.08	2.86	0.82	-6.83	-0.37
Diluted EPS - Continuing Operations	-1.08	2.86	0.82	-6.83	-0.37
Diluted Weighted Average Shares Outstanding	424M	421M	415M	380M	388M
Normalized Basic EPS	0.72	1.16	1.26	0.08	-0.01
Normalized Diluted EPS	0.72	1.15	1.23	0.08	-0.01
Payout Ratio	-	-	4.41	-0.46	-5.52
Supplemental Items
EBITDA	1.87B	2.13B	2.01B	909M	931M
EBITA	1.65B	1.94B	1.82B	751M	829M
EBIT	1.35B	1.57B	1.47B	428M	524M
EBITDAR	1.95B	2.22B	2.1B	1.04B	1.1B
Effective Tax Rate - (Ratio)	34.89	-20.08	34.01	-9.71	242.42
Current Domestic Taxes	-67M	40M	104M	128M	-4M
Current Foreign Taxes	93M	105M	117M	84M	84M
Total Current Taxes	26M	145M	221M	212M	80M
Deferred Domestic Taxes	-242M	-341M	-2M	31M	53M
Deferred Foreign Taxes	-1M	-15M	-2M	-19M	27M
Total Deferred Taxes	-243M	-356M	-4M	12M	80M
Normalized Net Income	304M	484M	510M	30.5M	-3.5M
Interest on Long-Term Debt	9M	8M	8M	3M	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	548M	509M
Selling and Marketing Expenses	-	-	-	548M	509M
Net Rental Expense, Total	78M	87M	96M	127M	168M
Imputed Operating Lease Interest Expense	30.35M	33.92M	41.05M	54.53M	78.3M
Imputed Operating Lease Depreciation	47.65M	53.08M	54.95M	72.47M	89.7M
Stock-Based Comp., SG&A Exp. (Total)	71M	64M	72M	60M	53M
Total Stock-Based Compensation	71M	64M	72M	60M	53M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	673M	806M	587M	1.28B	1.12B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	673M	806M	587M	1.28B	1.12B
Accounts Receivable, Total	1.85B	1.64B	1.68B	1.26B	1.31B
Other Receivables	-	-	-	129M	-
Total Receivables	1.85B	1.64B	1.68B	1.39B	1.31B
Inventory	1.41B	1.3B	1.62B	1.35B	1.04B
Restricted Cash	8M	8M	9M	10M	15M
Other Current Assets, Total	628M	810M	550M	250M	194M
Total Current Assets	4.58B	4.56B	4.45B	4.28B	3.68B
Gross Property Plant And Equipment	3.2B	3.36B	2.95B	2.25B	2.11B
Accumulated Depreciation	-1.46B	-1.69B	-1.52B	-1.09B	-963M
Net Property Plant And Equipment	1.75B	1.67B	1.43B	1.16B	1.15B
Long-term Investments	76M	-	-	-	-
Goodwill	6.58B	6.64B	6.34B	3.5B	3.16B
Other Intangibles, Total	4.12B	3.95B	3.78B	3.33B	3.22B
Other Long-Term Assets, Total	206M	178M	251M	310M	151M
Total Assets	17.3B	17B	16.25B	12.57B	11.37B
Liabilities
Accounts Payable, Total	1.09B	1.3B	1.43B	976M	895M
Accrued Expenses, Total	1.17B	1.42B	1.24B	1.13B	983M
Current Portion of Long-Term Debt	1.56B	1.75B	1.32B	828M	642M
Current Portion of Leases	82M	81M	84M	78M	40M
Current Income Taxes Payable	-	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	98M	150M	160M	84M	57M
Total Current Liabilities	4B	4.7B	4.22B	3.1B	2.62B
Long-Term Debt	5.86B	6.44B	6.94B	6.79B	5.97B
Long-Term Leases	512M	470M	440M	520M	616M
Deferred Tax Liability Non Current	1.72B	1.36B	1.35B	1.44B	1.53B
Other Non Current Liabilities	249M	298M	267M	196M	147M
Total Liabilities	12.33B	13.27B	13.22B	12.05B	10.88B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	-	-	-	53M	99M
Retained Earnings	4.89B	3.52B	2.97B	337M	196M
Comprehensive Income and Other	-55M	72M	-79M	18M	86M
Total Common Equity	4.84B	3.6B	2.89B	412M	385M
Minority Interest	132M	135M	136M	113M	104M
Total Equity	4.97B	3.73B	3.03B	525M	489M
Total Liabilities And Equity	17.3B	17B	16.25B	12.57B	11.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	416M	410M	379M	383M	392M
ECS Total Common Shares Outstanding	416M	412M	379M	383M	392M
Book Value / Share	11.64	8.74	7.63	1.08	0.98
Tangible Book Value	-5.86B	-6.99B	-7.23B	-6.42B	-6B
Tangible Book Value Per Share	-14.09	-16.98	-19.06	-16.77	-15.32
Total Debt	8.01B	8.74B	8.77B	8.22B	7.27B
Net Debt	7.33B	7.93B	8.19B	6.94B	6.14B
Debt Equivalent Oper. Leases	624M	696M	768M	1.02B	1.34B
Minority Interest, Total (Incl. Fin. Div)	132M	135M	136M	113M	104M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Others	1.56B	1.48B	1.76B	1.5B	1.16B
Land - (BS)	128M	133M	116M	73M	68M
Buildings, Total	1.2B	1.29B	998M	453M	421M
Machinery, Total	1.02B	1.24B	1.16B	1.04B	917M
Full Time Employees	25.31K	26.51K	26.74K	24.68K	20.39K
Accumulated Allowance for Doubtful Accounts (Supple)	129M	132M	107M	111M	102M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-456M	1.2B	340M	-2.59B	-145M
Depreciation & Amortization - CF	220M	199M	185M	158M	102M
Amortization of Goodwill and Intangible Assets - (CF)	301M	363M	352M	323M	305M
Depreciation & Amortization, Total	521M	562M	537M	481M	407M
Amortization of Deferred Charges, Total - (CF)	85M	-	-	-	-
(Gain) Loss From Sale Of Asset	1M	-	-10M	-520M	-49M
(Gain) Loss on Sale of Investments - (CF)	22M	-223M	-77M	-13M	22M
Asset Writedown & Restructuring Costs	1.17B	-	363M	3.08B	326M
(Income) Loss On Equity Investments - (CF)	160M	156M	94M	1M	-
Stock-Based Compensation (CF)	71M	64M	72M	60M	53M
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	50M	-134M	188M	-33M	195M
Change In Accounts Receivable	-	232M	27M	124M	36M
Change In Inventories	-	133M	-440M	254M	257M
Change In Accounts Payable	-396M	185M	147M	-446M	-34M
Change in Other Net Operating Assets	59M	276M	-16M	-201M	-149M
Cash from Operations	1.28B	2.46B	1.22B	194M	919M
Capital Expenditure	-325M	-257M	-244M	-268M	-230M
Sale of Property, Plant, and Equipment	-	-	54M	704M	208M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-41M
Sale (Purchase) of Intangible assets	-134M	-56M	-187M	-45M	-113M
Investment in Marketable and Equity Securities, Total	-141M	152M	-121M	6M	71M
Other Investing Activities, Total	-	-	-3M	204M	51M
Cash from Investing	-600M	-161M	-501M	601M	-54M
Long-Term Debt Issued, Total	3.16B	1.3B	1.04B	3.03B	1.27B
Total Debt Issued	3.16B	1.3B	1.04B	3.03B	1.27B
Long-Term Debt Repaid, Total	-3.27B	-2.08B	-594M	-3.01B	-2.26B
Total Debt Repaid	-3.27B	-2.08B	-594M	-3.01B	-2.26B
Repurchase of Common Stock	-399M	-77M	-394M	-7M	-1M
Common Dividends Paid	-	-	-15M	-12M	-8M
Common & Preferred Stock Dividends Paid	-	-	-15M	-12M	-8M
Special Dividend Paid	-	-1.25B	-488M	-	-
Other Financing Activities, Total	-149M	-74M	-460M	-74M	-10M
Cash from Financing	-661M	-2.18B	-914M	-72M	-1.01B
Foreign Exchange Rate Adjustments	-2M	20M	-28M	-34M	-4M
Net Change in Cash	21M	133M	-218M	689M	-149M
Supplemental Items
Cash Interest Paid	360M	392M	458M	447M	471M
Cash Income Tax Paid (Refund)	175M	116M	29M	284M	107M
Levered Free Cash Flow	280M	1.7B	655M	440M	344M
Unlevered Free Cash Flow	514M	1.95B	947M	724M	626M
Change In Net Working Capital	549M	-655M	150M	-229M	-181M
Net Debt Issued / Repaid	-113M	-779M	443M	21M	-991M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.81	5.73	5.53	1.86	2.74
Return on Total Capital	6.48	7.72	7.58	2.61	3.97
Return On Equity %	-7.56	28.99	12.45	-144.23	-18.54
Return on Common Equity	-8.72	28.54	10.47	-159.04	-36.39
Margin Analysis
Gross Profit Margin %	33.88	34.46	34.27	30.47	33.76
SG&A Margin	19.33	19.41	19.97	22.96	24.41
EBITDA Margin %	13.92	15.05	14.3	7.51	8.53
EBITA Margin %	12.28	13.65	12.98	6.2	7.6
EBIT Margin %	10.05	11.09	10.47	3.54	4.8
Income From Continuing Operations Margin %	-3.01	8.9	3	-20.92	-0.86
Net Income Margin %	-3.39	8.49	2.42	-21.43	-1.33
Net Avail. For Common Margin %	-3.39	8.49	2.42	-21.43	-1.33
Normalized Net Income Margin	2.26	3.42	3.63	0.25	-0.03
Levered Free Cash Flow Margin	2.08	11.96	4.66	3.63	3.15
Unlevered Free Cash Flow Margin	3.82	13.76	6.75	5.98	5.73
Asset Turnover
Asset Turnover	0.77	0.83	0.84	0.84	0.91
Fixed Assets Turnover	8.77	8.29	9.06	9.55	9.48
Receivables Turnover (Average Receivables)	7.3	8.12	8.46	8.32	8.2
Inventory Turnover (Average Inventory)	6.16	6.85	6.31