QVC Group Balance Sheet (2009-2025) | QVCGA

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Assets
Current Assets
Cash & Equivalents	4.61B	3.91B	4.28B	1.96B	5.22B	4.11B	1.20B	1.35B	1.24B	1.31B	2.66B	0.85B	0.79B	1.79B	1.79B	2.29B	1.37B	1.45B	0.70B	0.90B	1.16B	1.24B	1.61B	2.31B	2.35B	2.59B	2.55B	2.45B	2.74B	0.51B	0.51B	0.82B	0.82B	0.91B	0.90B	0.90B	1.05B	0.66B	0.53B	0.65B	0.51B	0.52B	0.60B	0.67B	0.56B	0.95B	1.04B	0.81B	0.74B	0.95B	0.80B	0.59B	0.61B	0.56B	0.62B	1.27B	1.29B	1.48B	1.10B	1.12B	1.10B	1.21B	0.87B	0.91B	0.83B	0.90B	1.82B
Short-term Investments		1.82B	1.04B	0.75B	0.34B	-0.06B	-0.06B	0.51B	0.65B	0.72B						0.19B		0.51B	0.55B	0.41B	0.68B	0.66B	0.67B	0.89B	0.86B	0.84B	0.91B	0.91B	0.60B							2.36B	0.61B	0.65B	0.38B		0.10B
Cash & Current Investments	4.61B	5.73B	5.32B	2.71B	5.56B	4.04B	1.14B	1.86B	1.89B	2.03B	2.66B	0.85B	0.79B	1.79B	1.79B	2.48B	1.37B	1.96B	1.25B	1.31B	1.84B	1.90B	2.27B	3.19B	3.21B	3.43B	3.45B	3.36B	3.34B	0.51B	0.51B	0.82B	0.82B	0.91B	0.90B	3.27B	1.67B	1.30B	0.91B	0.65B	0.61B	0.52B	0.60B	0.67B	0.56B	0.95B	1.04B	0.81B	0.74B	0.95B	0.80B	0.59B	0.61B	0.56B	0.62B	1.27B	1.29B	1.48B	1.10B	1.12B	1.10B	1.21B	0.87B	0.91B	0.83B	0.90B	1.82B
Receivables - Net		1.30B	1.23B	1.52B	1.29B	1.33B	0.80B	0.89B	0.89B	0.92B	0.65B	1.05B	0.73B	0.66B	0.71B	1.20B	0.97B	0.91B	0.95B	1.15B	1.04B	0.97B	0.80B	1.23B	0.87B	0.86B	0.93B	1.44B	1.09B	0.91B	0.85B	1.31B	0.97B	0.89B	0.94B	1.73B	1.27B	1.10B	1.19B	1.83B	1.46B	1.29B	1.26B	1.85B	1.44B	1.32B	1.14B	1.64B	1.25B	1.20B	1.19B	1.68B	1.31B	1.14B	1.03B	1.39B	1.06B	0.93B	0.95B	1.31B	0.98B	0.90B	0.88B	1.14B	0.84B	0.82B	0.84B
Receivables - Other																																								-0.11B	0.11B	0.08B	-0.09B	-0.10B	-0.09B	-0.10B	-0.12B	-0.13B	-0.12B	-0.12B	-0.12B	0.13B	0.14B	0.07B	0.04B	0.04B	-0.01B
Receivables		1.30B	1.23B	1.52B	1.29B	1.33B	0.80B	0.89B	0.89B	0.92B	0.65B	1.05B	0.73B	0.66B	0.71B	1.20B	0.97B	0.91B	0.95B	1.15B	1.04B	0.97B	0.80B	1.23B	0.87B	0.86B	0.93B	1.44B	1.09B	0.91B	0.85B	1.31B	0.97B	0.89B	0.94B	1.73B	1.27B	1.10B	1.19B	1.72B	1.58B	1.38B	1.18B	1.76B	1.35B	1.23B	1.02B	1.51B	1.12B	1.08B	1.06B	1.81B	1.45B	1.21B	1.06B	1.43B	1.05B	0.93B	0.95B	1.31B	0.98B	0.90B	0.88B	1.14B	0.84B	0.82B	0.84B
Inventory		0.94B	1.11B	0.98B	1.01B	0.96B	1.11B	1.07B	1.12B	1.10B	1.21B	1.07B	1.12B	1.10B	1.25B	1.11B	1.12B	1.13B	1.33B	1.12B	1.21B	1.18B	1.28B	1.05B	1.12B	1.03B	1.23B	1.00B	1.08B	1.09B	1.19B	0.97B	1.05B	1.10B	1.20B	1.41B	1.51B	1.51B	1.73B	1.47B	1.56B	1.52B	1.67B	1.41B	1.43B	1.30B	1.48B	1.30B	1.37B	1.43B	1.74B	1.62B	1.77B	1.74B	1.74B	1.35B	1.33B	1.17B	1.23B	1.04B	1.13B	1.12B	1.30B	1.06B	1.18B	1.19B	1.19B
Current Deferred Tax Assets		-0.17B	-0.20B	-0.28B	-0.06B
Prepaid Assets		0.15B	0.18B	0.13B	0.19B	0.56B	0.73B	0.09B	0.13B	0.12B	0.18B	0.15B	0.11B	0.09B	0.10B	0.10B	0.57B	0.12B	0.15B	0.18B	0.11B	0.11B	0.09B	0.07B	0.07B	0.08B	0.07B	0.07B	0.09B	0.20B	0.15B	0.07B	0.08B	0.09B	0.08B	0.12B	0.21B	0.20B	0.20B	0.22B	0.18B	0.20B	0.29B	0.43B	0.32B	0.62B	0.70B	0.47B	0.48B	0.47B	0.42B	0.23B	0.24B	0.23B	0.19B	0.21B	0.18B	0.17B	0.18B	0.21B	0.17B	0.19B	0.17B	0.19B	0.17B	0.19B	0.21B
Current Assets	0.23B	8.63B	8.39B	8.73B	8.56B	7.46B	6.68B	6.55B	7.08B	7.11B	2.93B	3.12B	2.76B	2.64B	0.78B	5.26B	4.03B	4.11B	0.77B	4.43B	4.53B	4.76B	0.86B	5.55B	5.27B	5.40B	5.69B	5.88B	5.61B	2.71B	2.70B	3.17B	2.92B	2.98B	3.12B	4.17B	4.30B	3.47B	3.64B	4.19B	3.72B	3.53B	3.83B	4.58B	3.75B	4.19B	4.37B	4.57B	4.13B	4.43B	4.54B	4.45B	4.17B	3.84B	3.58B	4.28B	3.89B	3.76B	3.48B	3.68B	3.39B	3.42B	3.23B	3.30B	3.03B	3.10B	4.05B
Non-Current Assets
Land & Improvements																0.10B				0.21B				0.20B				0.20B
Property, Plant & Equipment (Net)		1.28B	1.26B	1.30B	1.28B	1.25B	1.29B	1.04B	1.27B	1.27B	1.08B	1.13B	1.15B	1.17B	0.16B	1.24B	1.19B	1.18B	0.17B	1.21B	1.27B	1.28B	0.18B	1.09B	1.04B	1.02B	1.03B	1.14B	1.20B	1.23B	1.21B	1.13B	1.12B	1.12B	1.12B	1.34B	1.36B	1.30B	1.30B	1.32B	1.30B	1.34B	1.32B	1.35B	1.32B	1.29B	1.28B	1.30B	1.22B	1.21B	1.20B	1.03B	1.03B	0.81B	0.59B	0.57B	0.56B	0.51B	0.51B	0.51B	0.50B	0.49B	0.50B	0.50B	0.48B	0.47B	0.41B
Long-Term Investments		15.06B	14.98B	4.12B	4.34B	4.07B	4.53B	1.11B	4.53B	4.24B	1.07B	1.17B	1.34B	1.38B	1.64B	1.82B	2.38B	1.36B	1.34B	1.31B	1.47B	1.27B	1.27B	1.63B	1.42B	1.52B	1.51B	1.35B	1.65B	1.77B	1.82B	1.92B	2.19B	2.35B	2.48B	0.31B	0.20B	0.18B	0.18B	0.10B		0.10B	0.10B	0.08B	0.07B	0.07B
Goodwill		6.44B	6.47B	5.89B	6.19B	6.16B	6.23B	5.98B	6.34B	6.35B	5.99B	5.98B	6.00B	5.99B	0.01B	5.91B	9.51B	9.52B	0.01B	5.87B	9.34B	9.44B	0.01B	5.40B	5.36B	5.27B	5.27B	6.11B	6.20B	6.20B	6.18B	6.05B	6.08B	6.10B	6.12B	7.08B	7.09B	7.05B	7.01B	7.02B	7.01B	7.02B	6.56B	6.58B	6.56B	6.57B	6.60B	6.64B	6.60B	6.61B	6.59B	6.34B	6.31B	6.25B	3.43B	3.50B	3.51B	3.48B	3.46B	3.16B	3.14B	3.13B	3.17B	2.22B	2.24B	0.83B	0.82B
Intangibles		3.29B	3.24B	6.03B	2.92B	2.82B	2.76B	2.60B	2.68B	2.59B	2.52B	2.52B	2.52B	2.52B	0.27B	4.32B	4.35B	4.35B	0.27B	2.51B	4.34B	4.35B	0.26B	5.53B	2.49B	2.45B	2.45B	6.29B	3.32B	3.32B	3.32B	3.30B	3.30B	3.30B	3.30B	3.93B	3.92B	3.92B	3.92B	5.37B	3.90B	3.90B	3.31B	5.43B	3.17B	3.17B	3.17B	5.58B	3.17B	3.17B	3.17B	5.58B	3.04B	3.04B	2.72B	5.44B	2.72B	2.70B	2.70B	4.61B	2.70B	2.70B	2.70B	2.12B	2.12B	1.19B	1.19B
Goodwill & Intangibles		9.73B	9.71B	11.92B	9.11B	8.98B	9.00B	8.58B	9.02B	8.94B	8.51B	8.50B	8.52B	8.51B	0.28B	10.23B	13.86B	13.88B	0.28B	8.38B	13.68B	13.79B	0.27B	10.94B	7.84B	7.72B	7.72B	12.40B	9.52B	9.52B	9.51B	9.35B	9.38B	9.40B	9.43B	11.01B	11.02B	10.98B	10.93B	12.39B	10.91B	10.92B	9.87B	12.00B	9.73B	9.74B	9.77B	12.22B	9.77B	9.78B	9.76B	11.92B	9.35B	9.29B	6.15B	8.95B	6.23B	6.18B	6.16B	7.77B	5.84B	5.82B	5.87B	4.34B	4.36B	2.02B	2.01B
Long-Term Deferred Tax				1.20B	0.01B				0.26B	0.24B
Other Non-Current Assets		1.70B	1.68B	1.54B	1.54B	1.42B	1.42B	3.16B	0.84B	0.87B	0.08B	0.08B	0.08B	0.07B	0.01B	0.10B	0.11B	0.10B	0.01B	6.44B	0.11B	0.12B	0.01B	0.02B	0.07B	0.06B	0.06B	0.93B	0.04B	0.06B	0.06B	0.03B	0.04B	0.03B	0.03B	3.63B	0.05B	0.13B	0.14B	0.27B	0.66B	0.77B	0.84B	0.68B	0.76B	0.57B	0.57B	0.55B	0.61B	0.65B	0.67B	0.25B	0.56B	0.62B	0.83B	0.31B	0.23B	0.15B	0.15B	0.15B	0.14B	0.14B	0.12B	0.10B	0.11B	0.11B	0.11B
Non-Current Assets	-0.23B	34.29B	34.48B	19.90B	19.89B	19.39B	19.91B	20.05B	19.39B	19.47B	14.10B	14.22B	14.38B	14.39B	0.44B	21.00B	21.32B	20.18B	0.45B	1.21B	20.13B	19.96B	0.47B	1.09B	12.73B	12.74B	12.59B	15.30B	15.35B	17.98B	18.34B	17.19B	17.84B	18.00B	18.33B	19.96B	14.41B	14.36B	14.03B	13.65B	14.08B	14.19B	13.15B	12.73B	12.76B	12.50B	12.42B	12.43B	12.44B	12.48B	12.42B	11.75B	11.64B	11.39B	8.22B	0.57B	8.31B	8.04B	7.95B	0.51B	7.59B	7.52B	7.54B	0.50B	5.96B	3.60B	3.51B
Assets		42.92B	42.88B	28.63B	28.45B	26.85B	26.59B	26.60B	26.47B	26.58B	17.02B	17.34B	17.14B	17.03B	1.22B	26.25B	25.35B	24.29B	1.23B	24.68B	24.66B	24.72B	1.33B	18.60B	18.00B	18.14B	18.29B	21.18B	20.96B	20.69B	21.03B	20.36B	20.76B	20.97B	21.45B	24.12B	18.71B	17.83B	17.67B	17.84B	17.80B	17.72B	16.98B	17.30B	16.51B	16.70B	16.79B	17.00B	16.57B	16.91B	16.96B	16.20B	15.81B	15.23B	11.80B	12.57B	12.20B	11.80B	11.44B	11.37B	10.98B	10.94B	10.77B	9.24B	8.98B	6.70B	7.56B
Liabilities
Current Liabilities
Accounts Payables		0.44B	0.62B	0.60B	0.55B	0.47B	0.60B	0.63B	0.53B	0.54B	0.59B	0.60B	0.52B	0.48B	0.65B	0.72B	0.54B	0.56B	0.68B	0.61B	0.72B	0.71B	0.70B	0.73B	0.64B	0.60B	0.75B	0.76B	0.67B	0.64B	0.73B	0.79B	0.73B	0.71B	0.83B	1.15B	0.99B	0.93B	1.17B	1.20B	0.94B	0.86B	1.01B	1.09B	0.84B	0.94B	1.15B	1.30B	1.13B	1.16B	1.24B	1.43B	1.21B	1.04B	0.98B	0.98B	0.82B	0.70B	0.81B	0.90B	0.79B	0.76B	0.84B	0.78B	0.68B	0.65B	0.66B
Payables		0.44B	0.62B	0.60B	0.55B	0.47B	0.60B	0.63B	0.53B	0.54B	0.59B	0.60B	0.52B	0.48B	0.65B	0.72B	0.54B	0.56B	0.68B	0.61B	0.72B	0.71B	0.70B	0.73B	0.64B	0.60B	0.75B	0.76B	0.67B	0.64B	0.73B	0.79B	0.73B	0.71B	0.83B	1.15B	0.99B	0.93B	1.17B	1.20B	0.94B	0.86B	1.01B	1.09B	0.84B	0.94B	1.15B	1.30B	1.13B	1.16B	1.24B	1.43B	1.21B	1.04B	0.98B	0.98B	0.82B	0.70B	0.81B	0.90B	0.79B	0.76B	0.84B	0.78B	0.68B	0.65B	0.66B
Accumulated Expenses		0.81B	0.89B	1.04B	0.97B	0.91B	0.94B	0.77B	0.91B	0.88B	0.61B	0.80B	0.67B	0.68B	0.69B	0.92B	0.76B	0.80B	0.79B	0.90B	0.75B	0.80B	0.65B	0.74B	0.59B	0.61B	0.60B	0.78B	0.62B	0.63B	0.62B	0.71B	0.60B	0.60B	0.64B	1.12B	0.97B	0.93B	0.95B	1.18B	0.97B	0.95B	0.93B	1.17B	0.91B	1.15B	1.10B	1.42B	1.09B	1.12B	1.03B	1.24B	0.98B	1.02B	0.94B	1.13B	0.95B	0.84B	0.80B	0.98B	0.71B	0.79B	0.80B	0.95B	0.81B	0.82B	0.81B
Other Accumulated Expenses		0.16B	0.15B	0.22B	0.43B	0.60B	0.55B	0.23B	0.14B	0.12B	0.14B	0.13B	0.17B	0.37B	0.47B	0.30B	0.33B	0.21B	0.21B	0.15B	0.24B	0.26B	0.16B	0.34B	0.24B	0.24B	0.26B	0.33B	0.29B	0.15B	0.17B	0.16B	0.18B	0.19B	0.16B	0.17B	0.13B	0.17B	0.17B	0.15B	0.26B	0.19B	0.21B	0.18B	0.17B	0.22B	0.23B	0.23B	0.24B	0.20B	0.19B	0.24B	0.21B	0.20B	0.21B	0.16B	0.18B	0.15B	0.11B	0.10B	0.10B	0.14B	0.13B	0.13B	0.09B	0.08B	0.07B
Short term Debt		3.31B	3.02B	1.00B	1.20B	1.07B	1.25B	0.49B	1.29B	1.26B	1.21B	1.19B	1.26B	1.49B	1.55B	1.64B	1.28B	1.03B	1.37B	0.91B	0.98B	1.05B	0.97B	0.95B	0.94B	0.92B	0.89B	1.23B	2.60B	1.79B	0.90B	0.88B			1.01B	1.00B	1.85B	1.44B	1.47B	1.41B	1.49B	1.18B	1.20B	1.56B	0.89B	1.45B	1.68B	1.75B	1.77B	1.92B	1.98B	1.31B	1.90B	1.11B	0.60B	0.83B	0.32B	0.71B	0.73B	0.64B	0.94B	0.86B	0.87B	0.87B	0.24B	0.09B	0.08B
Current Deferred Revenue				0.14B				0.35B	0.25B	0.21B
Curent Deferred Tax Liability		1.50B	1.42B	1.25B	1.25B	1.32B	1.23B	0.15B	0.84B	0.91B	0.85B	0.85B	0.85B	0.84B	0.79B	0.91B	0.80B	0.84B	0.94B	0.93B	0.90B	0.98B	1.00B	0.97B	0.99B	1.04B	1.07B
Total Current Liabilities		7.30B	7.39B	6.18B	5.47B	5.17B	5.05B	4.74B	5.11B	5.10B	3.45B	3.57B	3.49B	3.86B	0.41B	4.49B	3.71B	3.43B	0.41B	3.76B	3.59B	3.80B	0.47B	2.77B	3.40B	3.41B	3.58B	3.10B	4.19B	3.21B	2.42B	2.53B	2.42B	2.47B	2.65B	3.44B	3.94B	3.46B	3.77B	3.95B	3.66B	3.17B	3.35B	4.00B	2.81B	3.75B	4.16B	4.70B	4.22B	4.40B	4.45B	4.22B	4.31B	3.37B	2.73B	3.10B	2.26B	2.40B	2.46B	2.62B	2.54B	2.54B	2.65B	2.72B	1.82B	1.64B	1.62B
Non-Current Liabilities
Non-Current Debt		9.52B	9.07B	7.84B	8.03B	7.36B	7.04B	5.97B	6.16B	5.96B	4.84B	4.85B	4.92B	4.56B	0.24B	6.25B	6.59B	5.96B	0.23B	6.11B	6.61B	6.62B	0.22B	7.06B	6.98B	7.07B	6.96B	7.48B	6.27B	6.44B	7.25B	7.17B	7.01B	6.93B	7.05B	7.55B	6.39B	6.25B	5.88B	5.96B	5.96B	6.28B	6.34B	5.86B	6.16B	5.19B	5.18B	5.19B	5.26B	5.27B	5.31B	5.67B	5.19B	5.36B	5.30B	5.53B	5.80B	5.27B	4.83B	4.70B	4.55B	4.48B	4.18B	4.10B	4.76B	4.83B	5.81B
Non-Current Deffered Revenue				1.04B				0.86B	0.54B	0.55B
Preferred Stock Liabilities																																															1.25B	1.25B	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B	1.27B
Minority Interest		0.10B	0.12B	0.13B	0.12B	0.12B	0.11B	0.13B	0.08B	0.10B	0.12B	0.13B	0.11B	0.13B	0.15B	4.49B	4.49B	4.52B	4.51B	4.50B	4.53B	4.59B	0.12B	0.11B	0.10B	0.09B	0.10B	0.09B	0.08B	0.10B	0.11B	0.09B	0.09B	0.09B	0.10B	0.10B	0.11B	0.11B	0.12B	0.12B	0.11B	0.12B	0.13B	0.13B	0.13B	0.13B	0.13B	0.14B	0.13B	0.14B	0.15B	0.14B	0.13B	0.12B	0.11B	0.11B	0.11B	0.11B	0.10B	0.10B	0.10B	0.09B	0.08B	0.09B	0.09B	0.09B	0.10B
Liabilities from Discontinued Operations								2.38B												1.19B			0.06B					0.28B								0.30B
Non-Current Deferred Tax Liability		4.19B	4.25B	2.67B	2.71B	2.58B	2.76B	3.19B	2.48B	2.46B	1.87B	2.05B	2.03B	2.08B	0.08B	4.50B	3.08B	2.99B	0.09B	2.00B	2.83B	2.71B	0.08B	2.82B	1.74B	1.74B	1.73B	3.22B	3.45B	3.76B	3.88B	3.64B	3.91B	3.92B	4.01B	2.50B	2.09B	2.09B	2.01B	1.93B	1.89B	1.90B	1.76B	1.72B	1.72B	1.75B	1.74B	1.36B	1.35B	1.34B	1.32B	1.35B	1.39B	1.46B	1.45B	1.44B	1.47B	1.48B	1.51B	1.53B	1.50B	1.47B	1.44B	1.31B	1.32B	1.13B	1.14B
Operating Leases																																																				0.30B				0.52B	0.58B	0.54B	0.54B	0.61B	0.62B	0.61B	0.61B	0.60B	0.59B	0.59B	0.59B
Other Non-Current Liabilities		1.64B	1.68B	0.53B	1.68B	1.51B	1.48B	0.18B	0.46B	1.25B	0.20B	0.25B	0.20B	0.22B	0.01B	0.26B	0.21B	0.24B	0.01B	0.19B	0.27B	0.33B	0.01B	0.17B	0.18B	0.20B	0.22B	0.22B	0.29B	0.29B	0.18B	0.16B	0.16B	0.15B	0.18B	0.24B	0.33B	0.23B	0.26B	0.26B	0.74B	0.72B	0.76B	0.76B	0.72B	0.73B	0.75B	0.77B	0.72B	0.72B	0.71B	0.40B	0.65B	0.58B	0.70B	0.20B	0.13B	0.12B	0.13B	0.15B	0.14B	0.14B	0.13B	0.12B	0.11B	0.12B	0.10B
Total Non-Current Liabilities		21.17B	20.91B	17.86B	16.21B	15.11B	14.85B	14.98B	14.37B	13.36B	10.23B	10.46B	10.44B	10.50B	12.25B	13.94B	13.37B	12.38B	12.80B	13.05B	13.03B	13.13B	12.06B	12.65B	12.12B	12.21B	12.27B	14.08B	13.91B	13.41B	13.55B	13.34B	13.35B	13.32B	13.71B	13.80B	12.41B	11.80B	11.66B	11.84B	11.50B	11.36B	11.45B	11.57B	10.69B	10.69B	12.33B	12.50B	12.09B	12.27B	12.33B	12.81B	12.16B	11.46B	10.75B	11.85B	11.38B	10.96B	10.62B	10.73B	10.49B	10.38B	10.16B	10.01B	9.76B	9.47B	10.43B
Total Liabilities		22.82B	22.59B	18.39B	17.89B	16.62B	16.33B	15.16B	14.83B	14.62B	10.43B	10.71B	10.64B	10.72B	12.26B	14.20B	13.59B	12.62B	12.81B	13.24B	13.30B	13.47B	12.08B	12.82B	12.30B	12.41B	12.48B	14.30B	14.21B	13.70B	13.73B	13.49B	13.51B	13.47B	13.89B	14.04B	12.75B	12.03B	11.92B	12.10B	12.23B	12.08B	12.21B	12.33B	11.41B	11.41B	13.09B	13.27B	12.81B	12.99B	13.05B	13.22B	12.80B	12.04B	11.45B	12.05B	11.51B	11.07B	10.74B	10.88B	10.63B	10.52B	10.29B	10.13B	9.87B	9.59B	10.54B
Shareholder's Equity
Total Debt		12.84B	12.08B	8.84B	9.23B	8.44B	8.29B	6.46B	7.45B	7.22B	6.05B	6.04B	6.18B	6.05B	1.79B	7.88B	7.88B	6.99B	1.60B	7.01B	7.59B	7.67B	1.19B	8.01B	7.92B	7.98B	7.86B	8.71B	8.88B	8.23B	8.15B	8.04B	7.01B	6.93B	8.06B	8.55B	8.24B	7.70B	7.36B	7.37B	7.44B	7.46B	7.54B	7.41B	7.04B	6.64B	6.87B	6.94B	7.03B	7.19B	7.29B	6.99B	7.09B	6.47B	5.91B	6.35B	6.12B	5.98B	5.57B	5.34B	5.49B	5.34B	5.06B	4.97B	5.00B	4.92B	5.89B
Common Equity		20.11B	20.28B	10.24B	10.55B	10.23B	10.26B	11.44B	11.64B	11.96B	6.60B	6.63B	6.50B	6.31B	0.47B	12.05B	11.77B	11.66B	0.48B	11.44B	11.37B	11.26B	0.55B	5.78B	5.71B	5.73B	5.80B	6.88B	6.75B	6.99B	7.30B	6.86B	7.25B	7.50B	7.56B	10.08B	5.97B	5.80B	5.76B	5.74B	5.56B	5.64B	4.77B	4.97B	5.10B	5.29B	3.71B	3.69B	3.76B	3.91B	3.91B	2.99B	3.01B	3.19B	0.35B	0.53B	0.69B	0.73B	0.69B	0.49B	0.35B	0.42B	0.48B	-0.97B	-0.98B	-2.98B	-3.07B
Shareholder's Equity		20.11B	20.28B	10.24B	10.55B	10.23B	10.26B	11.44B	11.64B	11.96B	6.60B	6.63B	6.50B	6.31B	0.47B	12.05B	11.77B	11.66B	0.48B	11.44B	11.37B	11.26B	0.55B	5.78B	5.71B	5.73B	5.80B	6.88B	6.75B	6.99B	7.30B	6.86B	7.25B	7.50B	7.56B	10.08B	5.97B	5.80B	5.76B	5.74B	5.56B	5.64B	4.77B	4.97B	5.10B	5.29B	3.71B	3.69B	3.76B	3.91B	3.91B	2.99B	3.01B	3.19B	0.35B	0.53B	0.69B	0.73B	0.69B	0.49B	0.35B	0.42B	0.48B	-0.97B	-0.98B	-2.98B	-3.07B
Liabilities and Shareholders Equity		42.92B	42.88B	28.63B	28.45B	26.85B	26.59B	26.60B	26.47B	26.58B	17.02B	17.34B	17.14B	17.03B	1.22B	26.25B	25.35B	24.29B	1.23B	24.68B	24.66B	24.72B	1.33B	18.60B	18.00B	18.14B	18.29B	21.18B	20.96B	20.69B	21.03B	20.36B	20.76B	20.97B	21.45B	24.12B	18.71B	17.83B	17.67B	17.84B	17.80B	17.72B	16.98B	17.30B	16.51B	16.70B	16.79B	17.00B	16.57B	16.91B	16.96B	16.20B	15.81B	15.23B	11.80B	12.57B	12.20B	11.80B	11.44B	11.37B	10.98B	10.94B	10.77B	9.24B	8.98B	6.70B	7.56B
Retained Earnings		-5.27B	-5.41B	0.35B	1.24B	1.28B	1.46B	0.23B	3.13B	3.39B	3.37B	0.15B	3.75B	3.98B	3.94B	0.15B	5.21B	5.33B	5.44B	0.10B	5.77B	5.84B	5.50B	-0.09B	5.81B	5.82B	5.89B	-0.21B	6.69B	7.07B	7.38B	-0.27B	7.40B	7.57B	7.61B	-0.13B	5.85B	5.78B	5.75B	5.67B	5.53B	5.58B	4.73B	4.89B	4.87B	5.09B	3.53B	-0.04B	3.68B	3.79B	3.82B	2.92B	2.97B	3.13B	0.39B	0.34B	0.36B	0.47B	0.47B	0.20B	0.20B	0.21B	0.19B	-1.09B	-1.19B	-3.42B	-3.50B
Treasury Shares				0.00B				0.02B				0.00B				0.00B	0.99B	0.00B	0.00B	0.00B	0.00B	0.00B		0.00B				0.00B				0.00B				0.01B				0.00B				0.01B				0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.01B	0.01B	0.01B	0.01B	0.00B	0.15B	0.00B	0.00B

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QVC Group Balance Sheet (2009-2025) | QVCGA

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