QVC Group Inc. (QVCGP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 244M | 4M | 86M | -60M | 212M | 20M | 267M | 26M | 317M | 134M | 452M | 16M | 231M | 21M | 121M | -179M | 510M | 13M | 549M | 153M |
| Operating CF Margin % | 9.11% | 0.18% | 3.85% | -2.85% | 7.2% | 0.85% | 11.09% | 1.11% | 10.09% | 5.41% | 17.06% | 0.61% | 6.55% | 0.77% | 4.1% | -6.21% | 12.56% | 0.41% | 15.67% | 4.58% |
| Operating CF Growth % | 15.09% | -80% | -67.79% | -330.77% | -33.12% | -85.07% | -40.93% | 62.5% | 37.23% | 538.1% | 273.55% | 108.94% | -54.71% | 61.54% | -77.96% | -216.99% | -15% | -98.02% | -46.49% | -11.05% |
| Net Income | -25M | -73M | -2.21B | -91M | -1.27B | -15M | 32M | 8M | -258M | 12M | 119M | 33M | -30M | -2.74B | 221M | 13M | -203M | 150M | 250M | 224M |
| Depreciation & Amortization | 88M | 103M | 105M | 102M | 93M | 95M | 96M | 99M | 98M | 105M | 104M | 100M | 110M | 107M | 134M | 130M | 141M | 139M | 129M | 128M |
| Stock-Based Compensation | 1M | 7M | 4M | 4M | 10M | 3M | 3M | 16M | 13M | 10M | 14M | 16M | 14M | 15M | 16M | 15M | 18M | 19M | 19M | 16M |
| Deferred Taxes | 4M | 5M | -234M | -5M | -125M | -26M | -58M | -2M | 18M | 37M | 27M | -2M | -33M | -11M | 27M | 29M | 31M | -25M | -12M | 2M |
| Other Non-Cash Items | 100M | -1M | 2.43B | 20M | 1.48B | 41M | 12M | 10M | 354M | 14M | 47M | -52M | 20M | 2.71B | -230M | -54M | 489M | -9M | 4M | -3M |
| Working Capital Changes | 76M | -37M | -7M | -90M | 32M | -78M | 182M | -105M | 92M | -44M | 141M | -79M | 150M | -60M | -47M | -312M | 34M | -261M | 159M | -214M |
| Change in Receivables | -200M | -23M | 31M | 296M | -267M | 16M | 82M | 313M | -342M | -25M | 109M | 294M | -359M | 63M | 55M | 365M | -412M | 10M | 47M | 382M |
| Change in Inventory | 217M | 1M | 9M | -115M | 221M | -165M | 10M | -94M | 194M | -68M | 106M | 25M | 417M | -24M | 16M | -155M | 13M | -320M | -52M | -81M |
| Change in Payables | 46M | 14M | -40M | -109M | -45M | 63M | -21M | -101M | 69M | 117M | -53M | -167M | -28M | -54M | -153M | -211M | 195M | 88M | 29M | -165M |
| Cash from Investing | -42M | -36M | -89M | -78M | -76M | -51M | -67M | -31M | -72M | -54M | -40M | 112M | -103M | 467M | 253M | -16M | -18M | -104M | -199M | -180M |
| Capital Expenditures | -57M | -32M | -83M | -77M | -76M | -53M | -65M | -42M | -81M | -50M | -120M | -92M | -106M | -91M | -71M | -45M | -78M | -73M | -177M | -103M |
| CapEx % of Revenue | 2.13% | 1.45% | 3.71% | 3.66% | 2.58% | 2.26% | 2.7% | 1.79% | 2.58% | 2.02% | 4.53% | 3.48% | 3.01% | 3.32% | 2.4% | 1.56% | 1.92% | 2.32% | 5.05% | 3.09% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6M | -7M | -28M | 0 | 0 | 0 | 7M | -7M | -25M | -38M | -21M | -118M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 15M | -4M | -6M | -1M | 0 | 1M | -2M | 5M | 15M | 3M | 38M | 215M | 2M | 558M | 317M | 24M | 14M | -1M | -1M | 157M |
| Cash from Financing | -28M | 974M | 63M | 55M | -86M | -327M | -83M | -2M | -234M | -450M | -204M | -122M | 499M | -405M | -395M | 229M | -695M | -55M | -141M | -23M |
| Debt Issued (Net) | -2M | 975M | 74M | 69M | -86M | -298M | -71M | 15M | -235M | -438M | -192M | -126M | 529M | -397M | -376M | 265M | 333M | 38M | 1M | 71M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -149M | -111M | -64M | -41M |
| Dividends Paid | 0 | 0 | 0 | -1M | 0 | 0 | 0 | -4M | 0 | -1M | 0 | -7M | -1M | -1M | 0 | -10M | -489M | -1M | 0 | -13M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -149M | -111M | -64M | -41M |
| Other Financing | -26M | -1M | -11M | -13M | 0 | -29M | -12M | -13M | 1M | -11M | -12M | 11M | -29M | -7M | -19M | -26M | -390M | 19M | -78M | -40M |
| Net Change in Cash | 169M | 937M | 75M | -71M | 33M | -335M | 108M | -19M | 24M | -380M | 197M | 10M | 652M | 63M | -47M | 21M | -211M | -151M | 211M | -67M |
| Free Cash Flow | 187M | -28M | 3M | -137M | 136M | -33M | 202M | -16M | 236M | 84M | 332M | -76M | 125M | -70M | 50M | -224M | 432M | -60M | 372M | 50M |
| FCF Margin % | 6.99% | -1.27% | 0.13% | -6.51% | 4.62% | -1.41% | 8.39% | -0.68% | 7.51% | 3.39% | 12.53% | -2.87% | 3.55% | -2.55% | 1.69% | -7.77% | 10.64% | -1.91% | 10.62% | 1.5% |
| FCF Growth % | 37.5% | 15.15% | -98.51% | -756.25% | -42.37% | -139.29% | -39.16% | 78.95% | 88.8% | 220% | 564% | 66.07% | -71.06% | -16.67% | -86.56% | -548% | -12.37% | -110.54% | -61.01% | -60.32% |
| FCF per Share | 23.13 | -3.47 | 0.37 | -17.13 | 17.45 | -4.17 | 25.51 | -2.04 | 30.33 | 10.80 | 42.67 | -9.90 | 16.40 | -9.19 | 6.54 | -29.17 | 55.53 | -7.21 | 43.97 | 5.92 |
| FCF Conversion (FCF/Net Income) | -6.59x | -0.05x | -0.04x | 0.60x | -0.16x | -0.87x | 13.35x | -26.00x | -1.16x | 134.00x | 4.22x | 0.80x | -4.53x | -0.01x | 0.60x | -179.00x | -2.37x | 0.10x | 2.47x | 0.74x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |