Company profile

Ticker
QVCN
Exchange
Employees
Incorporated in
Fiscal year end
SEC CIK

Calendar

10 May 19
18 Jun 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 2.5B 3.56B 2.57B 2.56B
Net income 176M 278M 170M 233M
Net profit margin 7.04% 7.82% 6.62% 9.12%
Operating income 326M 461M 305M 390M
Net change in cash -104M 155M -97M 137M
Cash on hand 439M 543M 388M 485M
Cost of revenue
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 11.28B 8.77B 8.68B 8.74B
Net income 882M 901M 604M 628M
Net profit margin 7.82% 10.27% 6.96% 7.18%
Operating income 1.51B 1.31B 1.2B 1.28B
Net change in cash 261M -2M -43M -20M
Cash on hand 543M 282M 284M 327M
Cost of revenue 5.6B 5.54B 5.53B

Financial data from QVC earnings reports

Financial report summary

?
Competition
Evine LiveBidz.comHsn
Management Discussion
  • QVC's consolidated net revenue decreased 3.9% for the three months ended March 31, 2019 as compared to the corresponding period in the prior year. The three month decrease in net revenue is primarily due to a 3.1% decrease in units sold, $36 million in unfavorable foreign exchange rates across all markets and a slight decrease in average selling price per unit ("ASP"), which was partially offset by a $22 million decrease in estimated product returns, primarily driven by the decrease in sales volume at QxH.
  • During the three months ended March 31, 2019 and 2018, the changes in revenue and expenses were affected by changes in the exchange rates for the U.K. Pound Sterling, the Euro and the Japanese Yen. In the event the U.S. Dollar strengthens against these foreign currencies in the future, QVC's revenue and operating cash flow will be negatively affected.
  • In discussing our operating results, the term currency exchange rates refers to the currency exchange rates we use to convert the operating results for all countries where the functional currency is not the U.S. Dollar. We calculate the effect of changes in currency exchange rates as the difference between current period activity translated using the prior period's currency exchange rates. Throughout our discussion, we refer to the results of this calculation as the impact of currency exchange rate fluctuations. When we refer to constant currency operating results, this means operating results without the impact of the currency exchange rate fluctuations. The disclosure of constant currency amounts or results permits investors to understand better QVC’s underlying performance without the effects of currency exchange rate fluctuations.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: accuracy, addressing, alleviate, Amazon, apparent, AST, bank, began, CBI, Committee, curate, curated, defeated, detail, Deutschland, device, discerning, draft, Easy, En, enhance, Enhancement, Espanol, evidence, Fire, forward, GP, highly, Holding, House, HSNi, inappropriate, Internationally, ITGC, Label, leadership, leave, led, meant, Merger, model, monitor, monitoring, Nevada, NLG, notification, occurrence, oversight, package, placement, plan, PLCC, power, QxH, relationship, reliability, remediate, remediation, removing, repeatable, review, reviewing, Roanoke, scheduled, set, shown, Similar, slight, social, space, storytelling, structure, successful, Supplemental, talent, terminate, terminated, termination, thirteen, traditional, training, unclear, underway, user, utilizing, validate, Ventana, Virginia, wholly, Wisconsin
Removed: adjustment, affiliation, agent, amounted, apply, attributing, award, buying, clarity, code, collectibility, commitment, community, comparison, complement, complementary, complex, created, deduction, depreciable, determinable, diversity, employment, enacted, ending, enrichment, entertainment, entitled, expire, extension, filed, freight, fulfill, gain, guarantor, identification, immigration, impairment, inclusion, initially, integrated, invoked, licensing, Lisbon, listed, love, lowering, medical, modification, monthly, multimedia, negotiate, noncash, November, objective, offer, open, people, practice, preeminent, processed, qualitative, reborrowed, reclassification, reclassified, recognition, requiring, reserve, retained, Scope, shop, show, step, stream, submitted, Treaty, update, uplink, window

Proxies

No filings