- #239 Fortune 1000 Revenue Rank
Company Profile
Qurate Retail stands by your right to shop at home and online. The company owns and operates market-leading home shopping channel QVC, which sells an average 710 products each week across the home, apparel, beauty and accessories, jewelry, and electronics categories. QVC also sells online. Qurate Retail also runs online businesses including Zulily and online invitation site Evite. It also holds equity stakes in FTD Companies, HSN, and LendingTree, among others. Liberty Interactive acquired the long-standing rival of its QVC business, HSN Inc., for around $2.1 billion in 2017. Liberty Interactive Corp. was formed in 2011 when its predecessor restructured and split off its Liberty Capital and Liberty Starz businesses as Liberty Media which changed its name to Qurate Retail, Inc. in early 2018. The US accounts for majority of sales.
Qurate Retail, Inc.
Qurate Retail stands by your right to shop at home and online. The company owns and operates market-leading home shopping channel QVC, which sells an average 710 products each week across the home, apparel, beauty and accessories, jewelry, and electronics categories. QVC also sells online. Qurate Retail also runs online businesses including Zulily and online invitation site Evite. It also holds equity stakes in FTD Companies, HSN, and LendingTree, among others. Liberty Interactive acquired the long-standing rival of its QVC business, HSN Inc., for around $2.1 billion in 2017. Liberty Interactive Corp. was formed in 2011 when its predecessor restructured and split off its Liberty Capital and Liberty Starz businesses as Liberty Media which changed its name to Qurate Retail, Inc. in early 2018. The US accounts for majority of sales.
Financial Statements
Financial data as of December 31, 2019 (12 month period) in USD
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Cash Flow (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Net Operating Cash | $1,284 | $1,273 | $1,490 |
Net Investing Cash | -$600 | $47 | -$391 |
Net Financing Cash | -$661 | -$1,574 | -$1,036 |
Net Change in Cash | $23 | -$254 | $63 |
Cash at Beginning of Period | $660 | $912 | $836 |
Cash at End of Period | $681 | $660 | $912 |
Capital Expenditure | -$459 | -$415 | -$255 |
Assets (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Current Assets | |||
Cash and Cash Equivalents | $673 | $653 | $903 |
Accounts Receivable | $1,854 | $1,835 | $1,726 |
Inventories | $1,413 | $1,474 | $1,411 |
Other Current Assets | $636 | $224 | $125 |
Asset Summary | |||
TOTAL CURRENT ASSETS | $4,576 | $4,186 | $4,165 |
Tangible Fixed Assets | $1,351 | $1,322 | $1,341 |
Intangible Assets | $4,123 | $4,953 | $5,177 |
Total Assets | $17,305 | $17,841 | $24,122 |
Liabilities (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Current Liabilities | |||
Accounts Payable | $1,091 | $1,204 | $1,151 |
Short-Term Debt | $1,557 | $1,410 | $996 |
Other Current Liabilities | $1,353 | $1,337 | $1,294 |
Liability Summary | |||
Total Current Liabilities | $4,001 | $3,951 | $3,441 |
Long-Term Debt | $5,855 | $5,963 | $7,553 |
Other Long-Term Liabilities | $761 | $258 | $242 |
Total Liabilities | $12,333 | $12,097 | $14,039 |
Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Equity | |||
Common Stock | $4 | $4 | $5 |
Retained Earnings | $4,891 | $5,675 | $9,068 |
Equity Summary | |||
Total Equity | $4,840 | $5,624 | $9,984 |
Shares Outstanding | 415,969,885 | 439,149,401 | 478,539,835 |
Credit Reports
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Company Snapshot
Essential information for a successful call
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EMPLOYEES (This Site)
86
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EMPLOYEES (All Sites)
25,228
- ASSETS (MIL USD) 17,305
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REVENUE (MIL USD)
13,458
- TICKER SYMBOL QRTEA
- Year Started 1991
- Incorporated 2006
- FISCAL YEAR END DEC
Get in Touch with 5 Principals* and 12 Contacts
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Michael A GeorgePresident and Chief Executive Officer
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GREGORY B MAFFEIChairman of the Board
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BRIAN J WENDLINGSenior Vice President and Chief Financial Officer and Controller
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RICHARD N BAEROfficer
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