QVC Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,972	905	1,121	1,275	587
Cash & Short-Term Investments	1,972	905	1,121	1,275	587
Cash Growth	117.90%	-19.27%	-12.08%	117.21%	-27.17%
Accounts Receivable	1,040	1,143	1,308	1,354	1,644
Other Receivables	-	-	-	40	35
Receivables	1,040	1,143	1,308	1,394	1,679
Inventory	972	1,061	1,044	1,346	1,623
Restricted Cash	61	18	15	10	9
Other Current Assets	178	172	194	250	550
Total Current Assets	4,223	3,299	3,682	4,275	4,448
Property, Plant & Equipment	971	1,102	1,147	1,155	1,381
Goodwill	800	2,217	3,164	3,501	6,339
Other Intangible Assets	1,526	2,522	3,224	3,330	3,783
Other Long-Term Assets	123	103	151	310	251
Total Assets	7,643	9,243	11,368	12,571	16,202
Accounts Payable	701	776	895	976	1,429
Accrued Expenses	801	953	983	1,133	1,236
Current Portion of Long-Term Debt	5,075	867	642	828	1,315
Current Portion of Leases	38	41	40	78	84
Other Current Liabilities	59	87	57	84	160
Total Current Liabilities	6,674	2,724	2,617	3,099	4,224
Long-Term Debt	2,154	5,373	5,968	6,791	6,935
Long-Term Leases	582	598	616	520	440
Long-Term Deferred Tax Liabilities	1,144	1,313	1,531	1,440	1,350
Other Long-Term Liabilities	106	120	147	196	267
Total Liabilities	10,660	10,128	10,879	12,046	13,216
Common Stock	-	-	4	4	4
Additional Paid-In Capital	142	138	99	53	-
Retained Earnings	-3,533	-1,094	196	337	2,925
Comprehensive Income & Other	291	-15	86	18	-79
Total Common Equity	-3,100	-971	385	412	2,850
Minority Interest	83	86	104	113	136
Shareholders' Equity	-3,017	-885	489	525	2,986
Total Liabilities & Equity	7,643	9,243	11,368	12,571	16,202
Total Debt	7,849	6,879	7,266	8,217	8,774
Net Cash (Debt)	-5,877	-5,974	-6,145	-6,942	-8,187
Net Cash Per Share	-729.97	-754.29	-794.44	-913.42	-986.39
Filing Date Shares Outstanding	8.09	7.97	7.83	7.66	7.59
Total Common Shares Outstanding	8.09	7.97	7.83	7.66	7.59
Working Capital	-2,451	575	1,065	1,176	224
Book Value Per Share	-383.40	-121.81	49.14	53.82	375.70
Tangible Book Value	-5,426	-5,710	-6,003	-6,419	-7,272
Tangible Book Value Per Share	-671.08	-716.29	-766.18	-838.51	-958.62
Land	45	63	68	73	116
Buildings	416	452	421	453	998
Machinery	872	894	917	1,041	1,155
Construction In Progress	42	51	59	77	55

Source: S&P Global Market Intelligence. Standard template. Financial Sources.