QVC INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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, 2024 and 2023
| (in millions, except share amount) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $297 | 307 |
| Restricted cash | 18 | 15 |
| Accounts receivable, less allowance for credit losses of $89 at December 31, 2024 and $101 at December 31, 2023 (note 3) | 1,134 | 1,295 |
| Inventories | 901 | 860 |
| Prepaid expenses and other current assets | 154 | 162 |
| Total current assets | 2,504 | 2,639 |
| Property and equipment, net of accumulated depreciation of $891 at December 31, 2024 and $908 at December 31, 2023 (note 4) | 410 | 427 |
| Operating lease right-of-use assets (note 8) | 482 | 510 |
| Television distribution rights, net (note 5) | 46 | 83 |
| Goodwill (note 6) | 2,204 | 3,151 |
| Other intangible assets, net (note 6) | 2,459 | 3,111 |
| Note receivable - related party (note 13) | 1,740 | 1,740 |
| Other noncurrent assets | 44 | 54 |
| Assets held for sale noncurrent (note 8) | — | 5 |
| Total assets | $9,889 | 11,720 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Current portion of debt and finance lease obligations (note 7) | $585 | 424 |
| Accounts payable-trade | 722 | 838 |
| Accrued liabilities | 874 | 938 |
| Other current liabilities | 52 | 51 |
| Total current liabilities | 2,233 | 2,251 |
| Long-term portion of debt and finance lease obligations (note 7) | 3,313 | 3,911 |
| Long-term operating lease liabilities (note 8) | 475 | 488 |
| Deferred income taxes (note 11) | 394 | 621 |
| Other long-term liabilities | 105 | 112 |
| Total liabilities | 6,520 | 7,383 |
| Commitments and contingencies (note 12) | ||
| Equity: | ||
| QVC, Inc. stockholder's equity: | ||
| Common stock, $0.01 par value, 1 authorized share | — | — |
| Additional paid-in capital | 11,201 | 10,901 |
| Accumulated deficit | (7,538) | (6,361) |
| Accumulated other comprehensive loss | (370) | (290) |
| Total QVC, Inc. stockholder's equity | 3,293 | 4,250 |
| Noncontrolling interest | 76 | 87 |
| Total equity | 3,369 | 4,337 |
| Total liabilities and equity | $9,889 | 11,720 |
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