QVC Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,684	1,972	905	1,121	1,275	587
Cash & Short-Term Investments	1,684	1,972	905	1,121	1,275	587
Cash Growth	102.16%	117.90%	-19.27%	-12.08%	117.21%	-27.17%
Accounts Receivable	776	1,040	1,143	1,308	1,354	1,644
Other Receivables	-	-	-	-	40	35
Receivables	776	1,040	1,143	1,308	1,394	1,679
Inventory	1,004	972	1,061	1,044	1,346	1,623
Restricted Cash	107	61	18	15	10	9
Other Current Assets	177	178	172	194	250	550
Total Current Assets	3,748	4,223	3,299	3,682	4,275	4,448
Property, Plant & Equipment	941	971	1,102	1,147	1,155	1,381
Goodwill	782	800	2,217	3,164	3,501	6,339
Other Intangible Assets	1,488	1,526	2,522	3,224	3,330	3,783
Other Long-Term Assets	116	123	103	151	310	251
Total Assets	7,075	7,643	9,243	11,368	12,571	16,202
Accounts Payable	481	701	776	895	976	1,429
Accrued Expenses	629	801	953	983	1,133	1,236
Current Portion of Long-Term Debt	5,060	5,075	867	642	828	1,315
Current Portion of Leases	-	38	41	40	78	84
Other Current Liabilities	88	59	87	57	84	160
Total Current Liabilities	6,258	6,674	2,724	2,617	3,099	4,224
Long-Term Debt	2,186	2,154	5,373	5,968	6,791	6,935
Long-Term Leases	570	582	598	616	520	440
Long-Term Deferred Tax Liabilities	1,120	1,144	1,313	1,531	1,440	1,350
Other Long-Term Liabilities	95	106	120	147	196	267
Total Liabilities	10,229	10,660	10,128	10,879	12,046	13,216
Common Stock	-	-	-	4	4	4
Additional Paid-In Capital	142	142	138	99	53	-
Retained Earnings	-3,580	-3,533	-1,094	196	337	2,925
Comprehensive Income & Other	203	291	-15	86	18	-79
Total Common Equity	-3,235	-3,100	-971	385	412	2,850
Minority Interest	81	83	86	104	113	136
Shareholders' Equity	-3,154	-3,017	-885	489	525	2,986
Total Liabilities & Equity	7,075	7,643	9,243	11,368	12,571	16,202
Total Debt	7,816	7,849	6,879	7,266	8,217	8,774
Net Cash (Debt)	-6,132	-5,877	-5,974	-6,145	-6,942	-8,187
Net Cash Per Share	-759.47	-729.97	-754.29	-794.44	-913.42	-986.39
Filing Date Shares Outstanding	8.09	8.09	7.97	7.83	7.66	7.59
Total Common Shares Outstanding	8.09	8.09	7.97	7.83	7.66	7.59
Working Capital	-2,510	-2,451	575	1,065	1,176	224
Book Value Per Share	-399.67	-383.40	-121.81	49.14	53.82	375.70
Tangible Book Value	-5,505	-5,426	-5,710	-6,003	-6,419	-7,272
Tangible Book Value Per Share	-680.12	-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