Qurate Retail, Inc. (QRTEA) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Total revenues	2,649	2,953	2,883	4,059	3,144	3,504	3,337	4,452
Revenue growth	-10.3%	-15.7%	-13.6%	-8.8%	-7.1%	2.4%	14.3%	6.7%
Cost of goods sold	193	198	196	248	204	217	206	262
Gross profit	2,456	2,755	2,687	3,811	2,940	3,287	3,131	4,190
Gross margin	92.7%	93.3%	93.2%	93.9%	93.5%	93.8%	93.8%	94.1%
Selling, general and administrative [+]	466	461	445	552	458	485	435	562
General and administrative				552				562
Other selling, general and administrative
Equity in earnings			-1	-16	-24	-22	-32	-60
Other operating expenses	1,520	1,742	2,006	2,748	2,069	2,240	2,195	2,963
EBITDA [+]	470	552	235	495	389	540	469	605
EBITDA growth	-14.9%	2.2%	-49.9%	-18.2%	-24.5%	3.6%	39.2%	14.8%
EBITDA margin	17.7%	18.7%	8.2%	12.2%	12.4%	15.4%	14.1%	13.6%
Depreciation	26	56	48	50	45	44	46	46
EBITA	444	496	187	445	344	496	423	559
EBITA margin	16.8%	16.8%	6.5%	11.0%	10.9%	14.2%	12.7%	12.6%
Amortization of intangibles	78	78	82	91	94	85	82	89
EBIT [+]	366	418	105	354	250	411	341	470
EBIT growth	-12.4%	1.7%	-69.2%	-24.7%	-33.2%	9.0%	74.9%	24.3%
EBIT margin	13.8%	14.2%	3.6%	8.7%	8.0%	11.7%	10.2%	10.6%
Non-recurring items				363
Interest expense	123	119	117	112	121	118	117	118
Interest expense	123	119	117	112	121	118	117	118
Other income (expense), net [+]	-58	42	83	22	41	-4	54	11
Gain (loss) on sale of assets	-64
Gain (loss) on investments	-33	7	30	-2	41	19	41	17
Gain (loss) on debt retirement	29	-6
Other	10	41	53	4		-23	13	33
Pre-tax income	185	341	71	-99	170	289	278	363
Income taxes	66	120	58	104	20	39	54	-314
Tax rate	35.7%	35.2%	81.7%		11.8%	13.5%	19.4%
Minority interest	12	18	12	12	23	28	18	19
Net income	107	203	1	-215	127	222	206	658
Net margin	4.0%	6.9%	0.0%	-5.3%	4.0%	6.3%	6.2%	14.8%

Basic EPS [+]	$0.28	$0.53	$0.00	($0.53)	$0.31	$0.54	$0.50	$1.58
Growth	-48.2%	-1.6%	-99.5%	-133.7%	-61.2%	2.6%	-1142.5%	375.6%
Diluted EPS [+]	$0.28	$0.53	$0.00	($0.52)	$0.31	$0.52	$0.49	$1.56
Growth	-48.2%	1.3%	-99.5%	-133.1%	-62.0%	-0.3%	-1117.8%	370.0%

Shares outstanding (basic) [+]	388	381	379	403	404	410	411	416
Growth	1.8%	-7.1%	-7.8%	-3.1%	-3.1%	-1.7%	-1.2%	-1.9%
Shares outstanding (diluted) [+]	389	382	384	415	416	423	422	421
Growth	1.8%	-9.7%	-9.0%	-1.4%	-1.2%	1.2%	1.2%	-0.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.