QVC, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|
| Revenue | $8.77B | $8.68B | $8.74B | $8.80B | $8.62B | $8.52B | $8.27B |
| Cost of Revenue | $5.60B | $5.54B | $5.53B | $5.55B | $5.47B | $5.42B | $5.28B |
| Gross Profit | $3.17B | $3.14B | $3.22B | $3.25B | $3.16B | $3.10B | $2.99B |
| Gross Margin | 36.2% | 36.2% | 36.8% | 37.0% | 36.6% | 36.4% | 36.2% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $744.0M | $728.0M | $745.0M | $770.0M | $745.0M | $588.0M | $535.0M |
| Operating Income | $1.31B | $1.20B | $1.28B | $1.28B | $1.25B | $1.27B | $1.14B |
| Operating Margin | 14.9% | 13.9% | 14.6% | 14.5% | 14.4% | 14.9% | 13.8% |
| Interest Expense | — | — | — | — | $214.0M | $233.0M | $229.0M |
| Pretax Income | $1.09B | $1.03B | $1.05B | $987.0M | $986.0M | $1.08B | $954.0M |
| Income Tax Expense | $139.0M | $385.0M | $389.0M | $354.0M | $353.0M | $394.0M | $342.0M |
| Net Income | $901.0M | $604.0M | $628.0M | $594.0M | $588.0M | $624.0M | $560.0M |
| Net Margin | 10.3% | 7.0% | 7.2% | 6.7% | 6.8% | 7.3% | 6.8% |
| EPS (Basic) | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 1 | 1 | 1 | 1 | 1 | — | — |
| Shares Outstanding (Diluted) | 1 | 1 | 1 | 1 | 1 | — | — |
| Dividends Per Share | — | — | — | — | — | — | — |