OTC: QVCCQ
QVC INCCIK 0001254699 · SIC 5961 · Catalog & Mail-Order Houses
Certain statements in this Annual Report on Form 10-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business, product and marketing strategies, including the outcome and effects of the Chapter 11… About this business →
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Latest financial statements
From 10-Q filed Aug 4, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q2 ended Jun 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 1,765 | 1,984 |
| Gross profit | 601.0 | 703.0 |
| Operating expenses: | ||
| Operating expenses | 135.0 | 154.0 |
| Depreciation and amortization | 71.0 | 98.0 |
| Impairment charges | — | 1,465 |
| Total operating expenses | 1,703 | 4,256 |
| Operating income | 62.0 | (2,272) |
| Interest expense | 15.0 | 66.0 |
| Other income/(expense), net | (65.0) | (72.0) |
| Income before income taxes | (3.0) | (2,344) |
| Income tax expense/(benefit) | 18.0 | (190.0) |
| Net income | (31.0) | (2,165) |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 1,496 | |
| Accounts receivable, net | 669.0 | 1,016 |
| Inventories | 805.0 | 832.0 |
| Prepaid expenses and other current assets | 650.0 | 219.0 |
| Other current assets | 1,019 | |
| Total current assets | 3,143 | 3,563 |
| Property, plant and equipment, net | 288.0 | 316.0 |
| Operating lease right-of-use assets, net | 450.0 | 461.0 |
| Finite-lived intangible assets, net | 246.0 | 315.0 |
| Goodwill | 777.0 | 800.0 |
| Deferred income taxes and other assets | 80.0 | 54.0 |
| Other long-term assets | 1,207 | 2,947 |
| TOTAL ASSETS | 6,191 | 8,456 |
| Current liabilities: | ||
| Current portion of long-term debt | 1.0 | 5,023 |
| Current portion of operating lease liabilities | 27.0 | |
| Accrued liabilities | 538.0 | 727.0 |
| Other current liabilities | 440.0 | 689.0 |
| Total current liabilities | 979.0 | 6,466 |
| Long-term debt | — | 1.0 |
| Operating lease liabilities | 450.0 | 460.0 |
| Deferred income taxes and other liabilities | 171.0 | 173.0 |
| Other long-term liabilities | 5,162 | |
| Total liabilities | 6,762 | 7,188 |
| Shareholders' equity: | ||
| Common stock | — | — |
| Capital in excess of stated value | 9,462 | 11,205 |
| Accumulated other comprehensive income (loss) | (303.0) | (262.0) |
| Retained earnings (deficit) | (9,804) | (9,748) |
| Total shareholders' equity | (645.0) | 1,195 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 6,191 | 8,456 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Six months ended Jun 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 56.0 | 98.0 |
| Investing Activities: | ||
| Net cash from investing activities | (67.0) | (158.0) |
| Financing Activities: | ||
| Net cash from financing activities | (23.0) | 78.0 |
| Effect of exchange rate changes | (11.0) | 27.0 |
| Net increase/(decrease) in cash | (45.0) | 45.0 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About QVC INC
Source: Item 1 (Business) from the 10-K filed April 15, 2026. Description as filed by the company with the SEC.
Item 1. Business
* * * * *
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this Annual Report on Form 10-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business, product and marketing strategies, including the outcome and effects of the Chapter 11 Cases (as defined below) (including our ability to successfully emerge from the process and the timing thereof); our WIN strategy; capital expenditures, revenue growth; statements regarding the recoverability of our goodwill and other long-lived assets; our projected sources and uses of cash; repayment of debt; economic and macroeconomic trends; and the anticipated impact of certain contingent liabilities related to legal and tax proceedings and other matters arising in the ordinary course of business. You can identify some of the forward-looking statements by the use of forward-looking words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “should,” “may” and other similar expressions, although not all forward-looking statements contain these identifying words. In particular, statements under Item 1. “Business,”