Qurate Retail, Inc. (QRTEA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues [+]	12,106	14,044	14,177	13,458	14,070	10,404	10,647	9,989
Products								9,989
Revenue growth	-13.8%	-0.9%	5.3%	-4.3%	35.2%	-2.3%	6.6%	-4.9%
Cost of goods sold [+]	835	875	867	844	970	659	7,615	7,092
Cost of product sales							6,908	6,393
Gross profit	11,271	13,169	13,310	12,614	13,100	9,745	3,032	2,897
Gross margin	93.1%	93.8%	93.9%	93.7%	93.1%	93.7%	28.5%	29.0%
Selling, general and administrative	1,945	1,930	1,885	1,758	1,897	1,188	1,190	1,078
Equity in earnings	-1	-94	-156	-160	-162	-200	-68	-178
Other operating expenses	8,325	9,252	9,291	8,899	9,209	6,789
EBITDA [+]	1,000	1,893	1,978	1,797	1,832	1,568	1,774	1,641
EBITDA growth	-47.2%	-4.3%	10.1%	-1.9%	16.8%	-11.6%	8.1%	-10.7%
EBITDA margin	8.3%	13.5%	14.0%	13.4%	13.0%	15.1%	16.7%	16.4%
Depreciation	158	185	199	220	211	176	171	153
EBITA	842	1,708	1,779	1,577	1,621	1,392	1,603	1,488
EBITA margin	7.0%	12.2%	12.5%	11.7%	11.5%	13.4%	15.1%	14.9%
Amortization of intangibles	323	352	363	386	426	549	703	550
EBIT [+]	519	1,356	1,416	1,191	1,195	843	900	938
EBIT growth	-61.7%	-4.2%	18.9%	-0.3%	41.8%	-6.3%	-4.1%	-19.8%
EBIT margin	4.3%	9.7%	10.0%	8.8%	8.5%	8.1%	8.5%	9.4%
Non-recurring items [+]	2,561	363		1,167	33
Asset impairment	3,081	363		1,167	33
Loss (gain) on sale of assets	-520
Interest expense	456	468	408	374	381	355	363	360
Interest expense	456	468	408	374	381	355	363	360
Other income (expense), net [+]	190	113	43	-272	102	562	554	238
Gain (loss) on sale of assets		10	224	-1	1	410	9	110
Gain (loss) on investments	41	99	-110	-251	76	145	414
Other	70	-6	-32	6	-7	7	131	14
Pre-tax income	-2,308	638	1,051	-622	883	1,050	1,091	816
Income taxes	224	217	-203	-217	60	-985	316	185
Tax rate		34.0%		34.9%	6.8%		29.0%	22.7%
Minority interest	62	81	58	51	48	46	39	42
Earnings from continuing ops	-2,594	340	1,196	-456	775	1,989	736	589
Earnings from discontinued ops					141	452	499	280
Net income	-2,594	340	1,196	-456	916	2,441	1,235	869
Net margin	-21.4%	2.4%	8.4%	-3.4%	6.5%	23.5%	11.6%	8.7%

Basic EPS [+]	($6.83)	$0.84	$2.88	($1.08)	$1.68	$4.47	$1.55	$0.95
Growth	-909.1%	-70.7%	-367.3%	-164.1%	-62.5%	189.1%	62.0%
Diluted EPS [+]	($6.77)	$0.82	$2.84	($1.08)	$1.67	$4.44	$1.53	$0.94
Growth	-926.7%	-71.2%	-364.1%	-164.5%	-62.5%	190.2%	62.1%

Shares outstanding (basic) [+]	380	403	416	424	462	445	476	617
Growth	-5.7%	-3.1%	-1.9%	-8.2%	3.8%	-6.5%	-22.9%
Shares outstanding (diluted) [+]	383	415	421	424	465	448	481	624
Growth	-7.7%	-1.4%	-0.7%	-8.8%	3.8%	-6.9%	-22.9%

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