<PAGE> 1
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
FORM 10-Q/A
(AMENDMENT NO. 1)
(MARK ONE)
/ X / QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 1994
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM ______________ TO _________________
COMMISSION FILE NO. 0-14999
------------------------
QVC, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
<TABLE>
<S> <C>
DELAWARE 23-2414041
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
</TABLE>
1365 ENTERPRISE DRIVE, WEST CHESTER, PA 19380
(Address of principal executive offices) (Zip Code)
(610) 701-1000
(Registrant's telephone number, including area code)
------------------------
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to such filing
requirements for the past 90 days. Yes X No .
--- ----
The number of shares outstanding of the registrant's Common Stock (net of
shares held in treasury), as of October 31, 1994, was:
Common Stock ($.01 par value) -- 40,906,497 shares
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE> 2
Item 6 (Exhibits and Reports on Form 8-K) of Registrant's Quarterly Report
on Form 10-Q for the fiscal quarter ended October 31, 1994, is hereby amended
and restated in its entirety as follows:
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
a. Exhibits.
27. Financial Data Schedule.
99. Stipulation and Agreement of Compromise and Settlement in In re
Home Shopping Network, Inc. Shareholders Litigation, 7547 Corp., et
al. v. Liberty Media Corporation, et al., and Gerda Bartnik,
et al. v. Home Shopping Network, Inc., et al., filed on November
18, 1994, with the Delaware Court of Chancery and the United States
District Court for the District of Delaware (without exhibits).
b. Reports on Form 8-K.
During the fiscal quarter ended October 31, 1994, no Current Reports on
Form 8-K were filed.
2
<PAGE> 3
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE REGISTRANT HAS DULY CAUSED THE REPORT TO BE SIGNED ON
ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
QVC, INC.
By: /s/ NEAL S. GRABELL
------------------------------------
Neal S. Grabell
Senior Vice President
Dated: January 31, 1995
<PAGE> 4
INDEX OF EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
- ----------- ------------------------------------------------------------------------------
<C> <S>
27. Financial Data Schedule.
99. Stipulation and Agreement of Compromise and Settlement in In re Home Shopping
Network, Inc. Shareholders Litigation, 7547 Corp., et al. v. Liberty Media
Corporation, et al., and Gerda Bartnik, et al. v. Home Shopping Network, Inc.,
et al., filed on November 18, 1994, with the Delaware Court of Chancery and
the United States District Court for the District of Delaware (without
exhibits), filed on December 15, 1994, as Exhibit 99 to the Company's
Quarterly Report on Form 10-Q for the quarter ended October 31, 1994, is
incorporated by reference herein.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
EXHIBIT 27
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JAN-31-1995
<PERIOD-START> FEB-01-1994
<PERIOD-END> OCT-31-1994
<CASH> 80,790
<SECURITIES> 0
<RECEIVABLES> 193,540
<ALLOWANCES> 67,671
<INVENTORY> 198,012
<CURRENT-ASSETS> 537,328
<PP&E> 89,739
<DEPRECIATION> 39,526
<TOTAL-ASSETS> 1,009,357
<CURRENT-LIABILITIES> 398,245
<BONDS> 6,599
<COMMON> 409
0
50
<OTHER-SE> 604,054
<TOTAL-LIABILITY-AND-EQUITY> 1,009,357
<SALES> 964,185
<TOTAL-REVENUES> 964,185
<CGS> 588,292
<TOTAL-COSTS> 588,292
<OTHER-EXPENSES> 276,628
<LOSS-PROVISION> 13,778
<INTEREST-EXPENSE> 1,046
<INCOME-PRETAX> 84,441
<INCOME-TAX> 46,185
<INCOME-CONTINUING> 38,256
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 38,256
<EPS-PRIMARY> .78
<EPS-DILUTED> .78
</TABLE>
