Risk Factors Update Summary
- Our businesses are now subject to risks of adverse government regulation, which could have a material adverse effect.
- Cybersecurity incidents and breaches could lead to financial losses and damage to reputation.
- QVC's total secured debt increased from $4.364 billion in 2022 to $4.515 billion in 2023.
- Failure to comply with laws and regulations may result in significant civil penalties.
- New privacy laws enacted in various states could impact data protection and compliance efforts.
- QVC's secured indebtedness under existing notes rose from $3.912 billion to $4.057 billion.
- A settlement agreement with the CPSC resulted in a civil penalty of $16 million.
- A new Transatlantic agreement and GDPR implementation may affect data privacy and security.
- QVC's finance lease obligations increased from $2 million to $28 million in 2023.
- Legislation or regulations related to climate change could impact the company's operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1355096&owner=exclude
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