QVC Group Balance Sheet

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
Cash & Equivalents	1,817	905	1,121	1,275	587	806
Cash & Short-Term Investments	1,817	905	1,121	1,275	587	806
Cash Growth	108.13%	-19.27%	-12.08%	117.21%	-27.17%	19.76%
Accounts Receivable	840	1,143	1,308	1,354	1,644	1,640
Other Receivables	-	-	-	40	35	-
Receivables	840	1,143	1,308	1,394	1,679	1,640
Inventory	1,190	1,061	1,044	1,346	1,623	1,301
Restricted Cash	47	18	15	10	9	8
Other Current Assets	159	172	194	250	550	810
Total Current Assets	4,053	3,299	3,682	4,275	4,448	4,565
Property, Plant & Equipment	985	1,102	1,147	1,155	1,381	1,671
Goodwill	821	2,217	3,164	3,501	6,339	6,638
Other Intangible Assets	1,570	2,522	3,224	3,330	3,783	3,947
Other Long-Term Assets	131	103	151	310	251	178
Total Assets	7,560	9,243	11,368	12,571	16,202	16,999
Accounts Payable	660	776	895	976	1,429	1,305
Accrued Expenses	815	953	983	1,133	1,236	1,418
Current Portion of Long-Term Debt	82	867	642	828	1,315	1,750
Current Portion of Leases	-	41	40	78	84	81
Other Current Liabilities	68	87	57	84	160	150
Total Current Liabilities	1,625	2,724	2,617	3,099	4,224	4,704
Long-Term Debt	7,083	5,373	5,968	6,791	6,935	6,435
Long-Term Leases	586	598	616	520	440	470
Long-Term Deferred Tax Liabilities	1,138	1,313	1,531	1,440	1,350	1,359
Other Long-Term Liabilities	103	120	147	196	267	298
Total Liabilities	10,535	10,128	10,879	12,046	13,216	13,266
Common Stock	-	4	4	4	4	4
Additional Paid-In Capital	141	134	99	53	-	-
Retained Earnings	-3,496	-1,094	196	337	2,925	3,522
Comprehensive Income & Other	283	-15	86	18	-79	72
Total Common Equity	-3,072	-971	385	412	2,850	3,598
Minority Interest	97	86	104	113	136	135
Shareholders' Equity	-2,975	-885	489	525	2,986	3,733
Total Liabilities & Equity	7,560	9,243	11,368	12,571	16,202	16,999
Total Debt	7,751	6,879	7,266	8,217	8,774	8,736
Net Cash (Debt)	-5,934	-5,974	-6,145	-6,942	-8,187	-7,930
Net Cash Per Share	-744.38	-754.29	-791.88	-913.42	-986.39	-941.81
Filing Date Shares Outstanding	8.07	7.97	7.83	7.66	7.59	8.21
Total Common Shares Outstanding	8.07	7.97	7.83	7.66	7.59	8.23
Working Capital	2,428	575	1,065	1,176	224	-139
Book Value Per Share	-380.74	-121.81	49.14	53.82	375.70	437.15
Tangible Book Value	-5,463	-5,710	-6,003	-6,419	-7,272	-6,987
Tangible Book Value Per Share	-677.08	-716.29	-766.18	-838.51	-958.62	-848.90
Land	-	63	68	73	116	133
Buildings	-	452	421	453	998	1,291
Machinery	-	884	917	1,041	1,155	1,243
Construction In Progress	-	51	59	77	55	44

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