QVC Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-3,648	-1,250	-94	-2,532	421	1,254
Depreciation & Amortization	403	383	407	481	537	562
Stock-Based Compensation	25	32	53	60	72	64
Other Adjustments	2,360	1,325	379	2,454	477	-252
Change in Receivables	37	144	36	124	27	232
Changes in Inventories	116	-28	257	254	-440	133
Changes in Accounts Payable	-180	-104	-34	-446	147	185
Changes in Accrued Expenses	-122	-48	-217	-303	-92	237
Changes in Other Operating Activities	47	67	68	102	76	39
Operating Cash Flow	242	525	919	194	1,225	2,455
Operating Cash Flow Growth	-61.59%	-42.87%	373.71%	-84.16%	-50.10%	91.20%
Capital Expenditures	-165	-199	-230	-268	-244	-257
Sale of Property, Plant & Equipment	-	6	208	704	54	-
Purchases of Intangible Assets	-66	-	-113	-45	-187	-56
Purchases of Investments	-	-	-	-	-202	-119
Proceeds from Sale of Investments	3.5	7	71	13	81	271
Other Investing Activities	-10.5	-39	10	197	-3	-
Investing Cash Flow	-279	-225	-54	601	-501	-161
Long-Term Debt Issued	2,105	2,014	1,267	3,029	1,037	1,300
Long-Term Debt Repaid	-1,073	-2,454	-2,258	-3,008	-594	-2,079
Net Long-Term Debt Issued (Repaid)	1,032	-440	-991	21	443	-779
Repurchase of Common Stock	-	-2	-1	-7	-394	-77
Net Common Stock Issued (Repurchased)	-	-2	-1	-7	-394	-77
Common Dividends Paid	-1.5	-4	-8	-12	-503	-1,251
Other Financing Activities	-38.5	-52	-10	-74	-460	-74
Financing Cash Flow	1,006	-498	-1,010	-72	-914	-2,181
Effect of Exchange Rate Changes on Cash and Cash Equivalents	5	-15	-4	-34	-28	20
Net Cash Flow	974	-213	-149	689	-218	133
Free Cash Flow	77	326	689	-74	981	2,198
Free Cash Flow Growth	-76.38%	-52.69%	-	-	-55.37%	129.20%
FCF Margin	0.81%	3.25%	6.31%	-0.61%	6.99%	15.50%
Free Cash Flow Per Share	0.71	41.16	88.79	-9.66	118.19	261.05
Levered Free Cash Flow	-2,557	-1,659	-885	-2,753	767	1,316
Unlevered Free Cash Flow	-3,114	-712.31	-589.3	-2,419	701.28	2,775

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.