v3.26.1
Condensed Consolidated Statements of Cash Flows
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities:      
Net earnings (loss) $ (21) $ (37) $ (2,187)
Adjustments to reconcile net earnings (loss) to net cash provided (used) by operating activities:      
Depreciation and amortization 71 145 193
Lease expense, Noncash   49  
Debtor Reorganization Items, Other Expense (Income)   27 0
(Gain) loss on sale of assets   (10) 0
Deferred income tax expense (benefit)   (1) (230)
Impairment of intangible assets (note 4) 0 0 930
Impairment of goodwill 0 0 1,465
Stock-based compensation   0 8
Other, net   (10) 12
Change in operating assets and liabilities      
Decrease (increase) in trade and other receivables   344 315
Decrease (increase) in inventories   22 (85)
Decrease (increase) in other assets   (33) 31
(Decrease) increase in accounts payable   (270) (157)
(Decrease) increase in accrued and other liabilities   (170) (248)
Net cash provided (used) by operating activities   56 98
Cash flows from investing activities:      
Capital expenditures   (65) (63)
Expenditures for television distribution rights   (15) (88)
Proceeds from sale of fixed assets   12 0
Payment for (Proceeds from) Other Investing Activity   1 (7)
Net cash provided (used) by investing activities   (67) (158)
Cash flows from financing activities:      
Dividends paid to noncontrolling interest   (16) (22)
Borrowings of debt   0 1,011
Repayments of debt   0 (867)
Proceeds from (Payment for) Other Financing Activity   (7) (2)
Net cash provided (used) by financing activities   (23) 78
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash   (11) 27
Net increase (decrease) in cash, cash equivalents and restricted cash   (45) 45
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,512 1,512 360
Cash and cash equivalents 1,019 1,019  
Restricted Cash and Cash Equivalent, Current $ 493 493  
Qurate      
Cash flows from financing activities:      
Dividends paid to QVC Group, Inc.   $ 0 $ (42)