QVC INC
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 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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Financial Statements (unaudited)I-1 Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| (in millions, except share amounts) | 2026 | 2025 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,310 | 1,496 |
| Trade and other receivables, net of allowance for credit losses of $73 million and $76 million, respectively | 750 | 1,016 |
| Inventories | 860 | 832 |
| Other current assets | 261 | 219 |
| Total current assets | 3,181 | 3,563 |
| Property and equipment, net of accumulated depreciation of $897 million and $897 million, respectively | 299 | 316 |
| Intangible assets not subject to amortization (note 3): | ||
| Goodwill | 782 | 800 |
| Tradenames | 1,190 | 1,190 |
| Intangible assets subject to amortization, net (note 3) | 279 | 315 |
| Operating lease right-of-use assets | 451 | 461 |
| Note receivable - related party (note 1) | 1,740 | 1,740 |
| Other noncurrent assets | 51 | 54 |
| Assets held for sale noncurrent (note 5) | 17 | 17 |
| Total assets | $7,990 | 8,456 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $443 | 664 |
| Accrued liabilities | 570 | 727 |
| Current debt (note 4) | 5,024 | 5,023 |
| Other current liabilities | 50 | 52 |
| Total current liabilities | 6,087 | 6,466 |
| Long-term debt (note 4) | 1 | 1 |
| Deferred income tax liabilities | 163 | 173 |
| Operating lease liabilities | 451 | 460 |
| Other liabilities | 76 | 88 |
| Total liabilities | 6,778 | 7,188 |
| Equity: | ||
| Stockholder's equity: | ||
| Common stock, $0.01 par value, 1 authorized share | — | — |
| Additional paid-in capital | 11,205 | 11,205 |
| Accumulated deficit | (9,773) | (9,748) |
| Accumulated other comprehensive earnings (loss) | (293) | (262) |
| Total stockholder's equity | 1,139 | 1,195 |
| Noncontrolling interest in equity of subsidiary | 73 | 73 |
| Total equity | 1,212 | 1,268 |
| Commitments and contingencies (note 5) | ||
| Total liabilities and equity | $7,990 | 8,456 |
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