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QURATE RETAIL, INC.

(QRTEA)
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QURATE RETAIL, INC. : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

11/05/2021 | 03:29pm EST

Item 2.02. Results of Operations and Financial Condition.

On November 4, 2021, Qurate Retail, Inc. (the "Company") issued a press release (the "Earnings Release") setting forth information, including financial information, which is intended to supplement the financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission (the "SEC") on November 4, 2021.

This Item 2.02 and the Earnings Release attached hereto as Exhibit 99.1, insofar as they disclose historical information regarding the Company's results of operations or financial condition for the quarter ended September 30, 2021, are being furnished to the SEC.

Item 7.01. Regulation FD Disclosure.

On November 4, 2021, the Company announced that its Board of Directors declared the regular quarterly cash dividend payable to holders of its 8.0% Series A Cumulative Redeemable Preferred Stock (the "Preferred Stock"). The per share amount of the quarterly cash dividend will be $2.00, payable in cash on December 15, 2021 to stockholders of record of the Preferred Stock at the close of business on November 30, 2021.

On November 4, 2021, the Company also announced that its Board of Directors declared a special cash dividend in the amount of $1.25 per common share, for an aggregate dividend of approximately $495 million based on shares outstanding as of October 31, 2021 (to be updated for actual shares outstanding as of the record date), payable in cash on November 22, 2021 to stockholders of record of the Company's Series A and Series B common stock at the close of business on November 15, 2021.

On November 5, 2021, the Company announced certain key dates, including the ex-dividend date established by Nasdaq, with respect to the Company's upcoming special dividend of cash to holders of shares of its Series A and Series B common stock. These dates apply only to the Company's special dividend of cash to holders of its Series A and Series B common stock, and not its previously announced regular quarterly cash dividend payable to holders of the Preferred Stock.

This Current Report on Form 8-K and the press releases attached hereto as Exhibit 99.2, Exhibit 99.3 and Exhibit 99.4 are being furnished to the Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed "filed" for any purpose.

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits





Exhibit No.     Description
99.1              Earnings Release, dated November 4, 2021.
99.2              Press Release, dated November 4, 2021, regarding the quarterly
                cash dividend.
99.3              Press Release, dated November 4, 2021, regarding the special
                cash dividend.
99.4              Press Release, dated November 5, 2021, regarding the key dates
                for the special cash dividend.
104             Cover Page Interactive Data File (formatted as Inline XBRL and
                contained in Exhibit 101)






                                       2

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Financials (USD)
Sales 2021 14 307 M - -
Net income 2021 762 M - -
Net Debt 2021 - - -
P/E ratio 2021 4,34x
Yield 2021 7,56%
Capitalization 3 158 M 3 158 M -
Capi. / Sales 2021 0,22x
Capi. / Sales 2022 0,22x
Nbr of Employees 26 508
Free-Float 89,2%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 7,96 $
Average target price 9,82 $
Spread / Average Target 23,3%
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Managers and Directors
David L. Rawlinson President, Chief Executive Officer & Director
Brian J. Wendling Chief Financial Officer, Senior VP & Controller
Gregory Ben Maffei Executive Chairman
Renee L. Wilm Chief Legal & Administrative Officer
Malcolm Ian Grant Gilchrist Independent Director
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