QVC INC
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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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.
Sep 30, 2025 · Filed Nov 5, 2025
QVCG$8.03-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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I-1 Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| (in millions, except share amounts) | 2025 | 2024 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,328 | 297 |
| Trade and other receivables, net of allowance for credit losses of $71 million and $89 million, respectively | 829 | 1,134 |
| Inventories | 1,018 | 901 |
| Other current assets | 186 | 172 |
| Total current assets | 3,361 | 2,504 |
| Property and equipment, net of accumulated depreciation of $916 million and $891 million, respectively | 321 | 410 |
| Intangible assets not subject to amortization (note 3): | ||
| Goodwill | 808 | 2,204 |
| Tradenames | 1,190 | 2,120 |
| Intangible assets subject to amortization, net (note 3) | 361 | 385 |
| Operating lease right-of-use assets | 468 | 482 |
| Note receivable - related party (note 1) | 1,740 | 1,740 |
| Other noncurrent assets | 58 | 44 |
| Assets held for sale noncurrent (note 5) | 22 | — |
| Total assets | $8,329 | 9,889 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $612 | 722 |
| Accrued liabilities | 660 | 874 |
| Current debt (note 4) | 1 | 585 |
| Other current liabilities | 49 | 52 |
| Total current liabilities | 1,322 | 2,233 |
| Long-term debt (note 4) | 5,022 | 3,313 |
| Deferred income tax liabilities | 178 | 394 |
| Operating lease liabilities | 466 | 475 |
| Other liabilities | 86 | 105 |
| Total liabilities | 7,074 | 6,520 |
| Equity: | ||
| Stockholder's equity: | ||
| Common stock, $0.01 par value, 1 authorized share | — | — |
| Additional paid-in capital | 11,205 | 11,201 |
| Accumulated deficit | (9,785) | (7,538) |
| Accumulated other comprehensive earnings (loss) | (251) | (370) |
| Total stockholder's equity | 1,169 | 3,293 |
| Noncontrolling interest in equity of subsidiary | 86 | 76 |
| Total equity | 1,255 | 3,369 |
| Commitments and contingencies (note 5) | ||
| Total liabilities and equity | $8,329 | 9,889 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.