QVC INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
QVCG$8.08+7.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
December 31, 2023 and 2022
| (in millions, except share amount) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $307 | 357 |
| Restricted cash | 15 | 10 |
| Accounts receivable, less allowance for credit losses of $101 at December 31, 2023 and $102 at December 31, 2022 (note 3) | 1,295 | 1,362 |
| Inventories | 860 | 1,035 |
| Prepaid expenses and other current assets | 162 | 144 |
| Total current assets | 2,639 | 2,908 |
| Property and equipment, net of accumulated depreciation of $908 at December 31, 2023 and $929 at December 31, 2022 (note 4) | 427 | 472 |
| Operating lease right-of-use assets (note 8) | 510 | 419 |
| Television distribution rights, net (note 5) | 83 | 72 |
| Goodwill (note 6) | 3,151 | 3,470 |
| Other intangible assets, net (note 6) | 3,111 | 3,184 |
| Note receivable - related party (note 13) | 1,740 | 1,740 |
| Other noncurrent assets | 54 | 68 |
| Assets held for sale noncurrent (note 8) | 5 | 71 |
| Total assets | $11,720 | 12,404 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Current portion of debt and finance lease obligations (note 7) | $424 | 216 |
| Accounts payable-trade | 838 | 832 |
| Accrued liabilities | 938 | 911 |
| Other current liabilities | 51 | 57 |
| Total current liabilities | 2,251 | 2,016 |
| Long-term portion of debt and finance lease obligations (note 7) | 3,911 | 4,721 |
| Deferred income taxes (note 11) | 621 | 577 |
| Long-term operating lease liabilities | 488 | 377 |
| Other long-term liabilities | 112 | 141 |
| Total liabilities | 7,383 | 7,832 |
| Commitments and contingencies (note 12) | ||
| Equity: | ||
| QVC, Inc. stockholder's equity: | ||
| Common stock, $0.01 par value, 1 authorized share | — | — |
| Additional paid-in capital | 10,901 | 10,869 |
| Accumulated deficit | (6,361) | (6,080) |
| Accumulated other comprehensive loss | (290) | (312) |
| Total QVC, Inc. stockholder's equity | 4,250 | 4,477 |
| Noncontrolling interest | 87 | 95 |
| Total equity | 4,337 | 4,572 |
| Total liabilities and equity | $11,720 | 12,404 |
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