QVC INC
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
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FY2025 · Filed Apr 15, 2026
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, 2025 and 2024
| (in millions, except share amount) | 2025 | 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,496 | 297 |
| Trade and other receivables, net of allowance for credit losses of $76 and $89 million, respectively (note 4) | 1,016 | 1,134 |
| Inventories, net | 832 | 901 |
| Other current assets | 219 | 172 |
| Total current assets | 3,563 | 2,504 |
| Property and equipment, net of accumulated depreciation of $897 and $891 million, respectively (note 5) | 316 | 410 |
| Goodwill (note 6) | 800 | 2,204 |
| Tradenames | 1,190 | 2,120 |
| Intangible assets subject to amortization, net (note 6) | 315 | 385 |
| Operating lease right-of-use assets (note 8) | 461 | 482 |
| Note receivable - related party (note 13) | 1,740 | 1,740 |
| Other noncurrent assets | 54 | 44 |
| Assets held for sale noncurrent (note 12) | 17 | — |
| Total assets | $8,456 | 9,889 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Accounts payable | 664 | 722 |
| Accrued liabilities | 727 | 874 |
| Current portion of debt (note 7) | $5,023 | 585 |
| Other current liabilities | 52 | 52 |
| Total current liabilities | 6,466 | 2,233 |
| Long-term debt (note 7) | 1 | 3,313 |
| Deferred income tax liabilities (note 11) | 173 | 394 |
| Long-term operating lease liabilities (note 8) | 460 | 475 |
| Other liabilities | 88 | 105 |
| Total liabilities | 7,188 | 6,520 |
| Commitments and contingencies (note 12) | ||
| Equity: | ||
| Stockholder's equity: | ||
| Common stock, $0.01 par value, 1 authorized share | — | — |
| Additional paid-in capital | 11,205 | 11,201 |
| Accumulated deficit | (9,748) | (7,538) |
| Accumulated other comprehensive loss | (262) | (370) |
| Total stockholder's equity | 1,195 | 3,293 |
| Noncontrolling interest in equity of subsidiary | 73 | 76 |
| Total equity | 1,268 | 3,369 |
| Total liabilities and equity | $8,456 | 9,889 |
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