EXHIBIT 99.1 UNAUDITED ATTRIBUTED FINANCIAL INFORMATION FOR TRACKING STOCK GROUPS On May 9, 2006, we completed a restructuring and recapitalization pursuant to which we issued two new tracking stocks, one ("Liberty Interactive Stock") intended to reflect the separate performance of our businesses engaged in video and on-line commerce, including our subsidiaries, QVC, Inc., Provide Commerce, Inc. and BuySeasons, Inc. and our interests in IAC/InterActiveCorp and Expedia, Inc., the second ("Liberty Capital Stock") intended to reflect the separate performance of all of our assets and businesses not attributed to the Interactive Group. Each share of our existing Series A and Series B common stock was exchanged for .25 of a share of the same series of Liberty Interactive Stock and .05 of a share of the same series of Liberty Capital Stock. The following tables present our assets, liabilities, revenue, expenses and cash flows as of and for the years ended December 31, 2006, 2005 and 2004. The tables further present our assets, liabilities, revenue, expenses and cash flows that are attributed to the Interactive Group and the Capital Group, respectively. The financial information should be read in conjunction with our audited financial statements for the years ended December 31, 2006, 2005 and 2004 included in this Annual Report on Form 10-K. The attributed financial information presented in the tables has been prepared assuming the restructuring had been completed as of January 1, 2004. Notwithstanding the following attribution of assets, liabilities, revenue, expenses and cash flows to the Interactive Group and the Capital Group, the restructuring does not affect the ownership or the respective legal title to our assets or responsibility for our liabilities. We and our subsidiaries each continue to be responsible for our respective liabilities. Holders of Liberty Interactive Stock and Liberty Capital Stock are holders of our common stock and continue to be subject to risks associated with an investment in our company and all of our businesses, assets and liabilities. The issuance of Liberty Interactive Stock and Liberty Capital Stock does not affect the rights of our creditors. SUMMARY ATTRIBUTED FINANCIAL DATA INTERACTIVE GROUP

DECEMBER 31, ------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) SUMMARY BALANCE SHEET DATA: Current assets.............................................. $ 2,984 2,729 2,423 Cost investments............................................ $ 2,572 2,084 3,844 Equity investments.......................................... $ 1,358 1,229 78 Total assets................................................ $19,820 18,351 18,977 Long-term debt, including current portion................... $ 6,383 5,327 6,253 Deferred income tax liabilities, noncurrent................. $ 3,115 3,104 3,465 Attributed net assts........................................ $ 8,561 8,231 7,782

YEARS ENDED DECEMBER 31, ------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) SUMMARY OPERATIONS DATA: Revenue..................................................... $7,326 6,501 5,687 Cost of goods sold.......................................... (4,565) (4,112) (3,594) Operating expenses.......................................... (596) (570) (497) Selling, general and administrative expenses(1)............. (544) (454) (411) Depreciation and amortization............................... (491) (449) (437) ------ ------ ------ Operating income........................................ 1,130 916 748 Interest expense............................................ (417) (374) (385) Other income, net........................................... 130 29 11 Income tax expense.......................................... (210) (225) (162) Minority interests in earnings of subsidiaries.............. (35) (48) (25) ------ ------ ------ Earnings before cumulative effect of accounting change.... 598 298 187 Cumulative effect of accounting change, net of taxes........ (87) -- -- ------ ------ ------ Net earnings............................................ $ 511 298 187 ====== ====== ======

- ------------------------ (1) Includes stock-based compensation of $59 million, $52 million and $39 million for the years ended December 31, 2006, 2005 and 2004, respectively. 2 SUMMARY ATTRIBUTED FINANCIAL DATA CAPITAL GROUP

DECEMBER 31, ------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) SUMMARY BALANCE SHEET DATA: Current assets.............................................. $ 3,776 2,984 2,152 Cost investments............................................ $19,050 16,405 17,990 Equity investments.......................................... $ 484 679 706 Total assets................................................ $27,849 23,750 31,320 Long-term debt, including current portion................... $ 2,640 2,422 2,323 Deferred income tax liabilities, noncurrent................. $ 6,669 5,592 6,280 Attributed net assets....................................... $13,072 10,889 16,804

YEARS ENDED DECEMBER 31, ------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) SUMMARY OPERATIONS DATA: Revenue..................................................... $1,287 1,145 1,056 Operating expenses.......................................... (930) (827) (663) Selling, general and administrative expenses(1)............. (262) (194) (285) Litigation settlement....................................... -- -- 42 Depreciation and amortization............................... (91) (96) (110) Impairment of long-lived assets............................. (113) -- -- ------ ----- ------ Operating income (loss)................................. (109) 28 40 Interest expense............................................ (263) (252) (234) Realized and unrealized gains (losses) on derivative instruments, net.......................................... (299) 274 (1,267) Gain (losses) on dispositions, net.......................... 607 (401) 1,404 Nontemporary declines in fair value of investments.......... (4) (449) (129) Other income, net........................................... 213 111 98 Income tax benefit (expense)................................ (42) 351 3 Minority interests in losses (earnings) of subsidiaries..... 8 (3) 3 ------ ----- ------ Earnings (loss) from continuing operations.............. 111 (341) (82) Earnings (loss) from discontinued operations, net of taxes..................................................... 220 10 (59) Cumulative effect of accounting change, net of taxes........ (2) -- -- ------ ----- ------ Net earnings (loss)..................................... $ 329 (331) (141) ====== ===== ======

- ------------------------ (1) Includes stock-based compensation of $8 million, zero and $59 million for the years ended December 31, 2006, 2005 and 2004, respectively. 3 BALANCE SHEET INFORMATION DECEMBER 31, 2006 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP ELIMINATIONS LIBERTY ----------- -------- ------------ ------------ (AMOUNTS IN MILLIONS) ASSETS Current assets: Cash and cash equivalents........................ $ 946 2,153 -- 3,099 Trade and other receivables, net................. 977 299 -- 1,276 Inventory, net................................... 831 -- -- 831 Derivative instruments (note 2).................. 12 227 -- 239 Current deferred tax assets...................... 159 -- (31) 128 Other current assets............................. 59 585 -- 644 Assets of discontinued operations................ -- 512 -- 512 ------- ------ --- ------ Total current assets........................... 2,984 3,776 (31) 6,729 ------- ------ --- ------ Investments in available-for-sale securities and other cost investments........................... 2,572 19,050 -- 21,622 Long-term derivative instruments (note 2).......... 2 1,338 -- 1,340 Investments in affiliates, accounted for using the equity method.................................... 1,358 484 -- 1,842 Property and equipment, net........................ 912 234 -- 1,146 Goodwill........................................... 5,755 1,833 -- 7,588 Trademarks......................................... 2,450 21 -- 2,471 Intangible assets subject to amortization, net..... 3,756 154 -- 3,910 Other assets, at cost, net of accumulated amortization..................................... 31 959 -- 990 ------- ------ --- ------ Total assets................................... $19,820 27,849 (31) 47,638 ======= ====== === ====== LIABILITIES AND EQUITY Current liabilities: Accounts payable................................. $ 475 33 -- 508 Accrued interest................................. 136 78 -- 214 Other accrued liabilities........................ 663 372 -- 1,035 Intergroup payable/receivable.................... 81 (81) -- -- Derivative instruments (note 2).................. -- 1,484 -- 1,484 Current portion of debt (note 3)................. 11 103 -- 114 Current deferred tax liabilities................. -- 31 (31) -- Other current liabilities........................ 91 22 -- 113 Liabilities of discontinued operations........... -- 101 -- 101 ------- ------ --- ------ Total current liabilities...................... 1,457 2,143 (31) 3,569 ------- ------ --- ------ Long-term debt (note 3)............................ 6,372 2,537 -- 8,909 Long-term derivative instruments (note 2).......... 9 1,697 -- 1,706 Deferred income tax liabilities (note 6)........... 3,115 6,669 -- 9,784 Other liabilities.................................. 210 1,537 -- 1,747 ------- ------ --- ------ Total liabilities.............................. 11,163 14,583 (31) 25,715 Minority interests in equity of subsidiaries....... 96 194 -- 290 Equity/Attributed net assets....................... 8,561 13,072 -- 21,633 ------- ------ --- ------ Total liabilities and equity................... $19,820 27,849 (31) 47,638 ======= ====== === ======

4 BALANCE SHEET INFORMATION DECEMBER 31, 2005 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP ELIMINATIONS LIBERTY ----------- -------- ------------ ------------ (AMOUNTS IN MILLIONS) ASSETS Current assets: Cash and cash equivalents........................ $ 945 951 -- 1,896 Trade and other receivables, net................. 837 222 -- 1,059 Inventory, net................................... 719 -- -- 719 Derivative instruments (note 2).................. 17 644 -- 661 Current deferred tax assets...................... 182 -- (136) 46 Other current assets............................. 29 651 -- 680 Assets of discontinued operations................ -- 516 -- 516 ------- ------ ---- ------ Total current assets........................... 2,729 2,984 (136) 5,577 ------- ------ ---- ------ Investments in available-for-sale securities and other cost investments........................... 2,084 16,405 -- 18,489 Long-term derivative instruments (note 2).......... 17 1,106 -- 1,123 Investments in affiliates, accounted for using the equity method.................................... 1,229 679 -- 1,908 Property and equipment, net........................ 746 200 -- 946 Goodwill........................................... 5,273 1,536 -- 6,809 Trademarks......................................... 2,385 -- -- 2,385 Intangible assets subject to amortization, net..... 3,867 108 -- 3,975 Other assets, at cost, net of accumulated amortization..................................... 21 732 -- 753 ------- ------ ---- ------ Total assets................................... $18,351 23,750 (136) 41,965 ======= ====== ==== ====== LIABILITIES AND EQUITY Current liabilities: Accounts payable................................. $ 466 26 -- 492 Accrued liabilities.............................. 681 126 -- 807 Intergroup payable/receivable.................... 95 (95) -- -- Accrued stock-based compensation................. -- 133 -- 133 Derivative instruments (note 2).................. 12 1,927 -- 1,939 Current portion of debt (note 3)................. 1,377 2 -- 1,379 Current deferred tax liabilities................. -- 296 (136) 160 Other current liabilities........................ 36 284 -- 320 Liabilities of discontinued operations........... -- 114 -- 114 ------- ------ ---- ------ Total current liabilities...................... 2,667 2,813 (136) 5,344 ------- ------ ---- ------ Long-term debt (note 3)............................ 3,950 2,420 -- 6,370 Long-term derivative instruments (note 2).......... -- 1,087 -- 1,087 Deferred income tax liabilities (note 6)........... 3,104 5,592 -- 8,696 Other liabilities.................................. 239 819 -- 1,058 ------- ------ ---- ------ Total liabilities.............................. 9,960 12,731 (136) 22,555 Minority interests in equity of subsidiaries....... 160 130 -- 290 Equity/Attributed net assets....................... 8,231 10,889 -- 19,120 ------- ------ ---- ------ Total liabilities and equity................... $18,351 23,750 (136) 41,965 ======= ====== ==== ======

5 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION YEAR ENDED DECEMBER 31, 2006 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ (AMOUNTS IN MILLIONS) Revenue: Net retail sales.......................................... $7,326 -- 7,326 Communications and programming services................... -- 1,287 1,287 ------ ----- ----- 7,326 1,287 8,613 ------ ----- ----- Operating costs and expenses: Cost of sales............................................. 4,565 -- 4,565 Operating................................................. 596 930 1,526 Selling, general and administrative (including stock-based compensation of $59 million and $8 million for Interactive Group and Capital Group, respectively) (notes 4 and 5)......................................... 544 262 806 Depreciation and amortization............................. 491 91 582 Impairment of long-lived assets........................... -- 113 113 ------ ----- ----- 6,196 1,396 7,592 ------ ----- ----- Operating income (loss)................................. 1,130 (109) 1,021 Other income (expense): Interest expense.......................................... (417) (263) (680) Dividend and interest income.............................. 40 174 214 Share of earnings of affiliates, net...................... 47 44 91 Realized and unrealized gains (losses) on financial instruments, net........................................ 20 (299) (279) Gains on dispositions of assets, net...................... -- 607 607 Nontemporary declines in fair value of investments........ -- (4) (4) Other, net................................................ 23 (5) 18 ------ ----- ----- (287) 254 (33) ------ ----- ----- Earnings from continuing operations before income taxes and minority interests................................ 843 145 988 Income tax expense (note 6)................................. (210) (42) (252) Minority interests in losses (earnings) of subsidiaries..... (35) 8 (27) ------ ----- ----- Earnings from continuing operations..................... 598 111 709 Earnings from discontinued operations, net of taxes......... -- 220 220 Cumulative effect of accounting change, net of taxes........ (87) (2) (89) ------ ----- ----- Net earnings............................................ $ 511 329 840 ------ ----- ----- Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. 109 2 111 Unrealized holding gains arising during the period........ 351 2,254 2,605 Recognition of previously unrealized gains on available-for-sale securities, net...................... -- (185) (185) ------ ----- ----- Other comprehensive earnings.............................. 460 2,071 2,531 ------ ----- ----- Comprehensive earnings...................................... $ 971 2,400 3,371 ====== ===== =====

6 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION YEAR ENDED DECEMBER 31, 2005 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ (AMOUNTS IN MILLIONS) Revenue: Net retail sales.......................................... $6,501 -- 6,501 Communications and programming services................... -- 1,145 1,145 ------ ------ ------ 6,501 1,145 7,646 ------ ------ ------ Operating costs and expenses: Cost of sales............................................. 4,112 -- 4,112 Operating................................................. 570 827 1,397 Selling, general and administrative (including stock-based compensation of $52 million and $0 for Interactive Group and Capital Group, respectively) (notes 4 and 5)........ 454 194 648 Depreciation and amortization............................. 449 96 545 ------ ------ ------ 5,585 1,117 6,702 ------ ------ ------ Operating income........................................ 916 28 944 Other income (expense): Interest expense.......................................... (374) (252) (626) Dividend and interest income.............................. 35 108 143 Share of earnings of affiliates, net...................... 9 4 13 Realized and unrealized gains (losses) on financial instruments, net........................................ (17) 274 257 Gains (losses) on dispositions of assets, net............. 40 (401) (361) Nontemporary declines in fair value of investments........ -- (449) (449) Other, net................................................ (38) (1) (39) ------ ------ ------ (345) (717) (1,062) ------ ------ ------ Earnings (loss) from continuing operations before income taxes and minority interests.......................... 571 (689) (118) Income tax benefit (expense) (note 6)....................... (225) 351 126 Minority interests in earnings of subsidiaries.............. (48) (3) (51) ------ ------ ------ Earnings (loss) from continuing operations.............. 298 (341) (43) Earnings from discontinued operations, net of taxes......... -- 10 10 ------ ------ ------ Net earnings (loss)..................................... $ 298 (331) (33) ------ ------ ------ Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. (5) -- (5) Recognition of previously unrealized foreign currency translation losses...................................... -- 312 312 Unrealized holding losses arising during the period....... (160) (961) (1,121) Recognition of previously unrealized losses (gains) on available-for-sale securities, net...................... (13) 230 217 Reclass unrealized gain on available-for-sale security to equity method investment................................ (197) -- (197) Other comprehensive loss from discontinued operations..... -- (7) (7) ------ ------ ------ Other comprehensive loss.................................. (375) (426) (801) ------ ------ ------ Comprehensive loss.......................................... $ (77) (757) (834) ====== ====== ======

7 STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION YEAR ENDED DECEMBER 31, 2004 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ (AMOUNTS IN MILLIONS) Revenue: Net retail sales.......................................... $5,687 -- 5,687 Communications and programming services................... -- 1,056 1,056 ------ ------ ------ 5,687 1,056 6,743 ------ ------ ------ Operating costs and expenses: Cost of sales............................................. 3,594 -- 3,594 Operating................................................. 497 663 1,160 Selling, general and administrative (including stock-based compensation of $39 million and $59 million for Interactive Group and Capital Group, respectively) (notes 4 and 5)......................................... 411 285 696 Litigation settlement..................................... -- (42) (42) Depreciation and amortization............................. 437 110 547 ------ ------ ------ 4,939 1,016 5,955 ------ ------ ------ Operating income........................................ 748 40 788 Other income (expense): Interest expense.......................................... (385) (234) (619) Dividend and interest income.............................. 20 110 130 Share of earnings (losses) of affiliates, net............. (3) 18 15 Realized and unrealized losses on derivative instruments, net....................................................... (17) (1,267) (1,284) Gains on dispositions, net................................ 7 1,404 1,411 Nontemporary declines in fair value of investments........ -- (129) (129) Other, net................................................ 4 (30) (26) ------ ------ ------ (374) (128) (502) ------ ------ ------ Earnings (loss) from continuing operations before income taxes and minority interest........................... 374 (88) 286 Income tax benefit (expense) (note 6)....................... (162) 3 (159) Minority interests in losses (earnings) of subsidiaries..... (25) 3 (22) ------ ------ ------ Earnings (loss) from continuing operations.............. 187 (82) 105 Loss from discontinued operations, net of taxes............. -- (59) (59) ------ ------ ------ Net earnings (loss)..................................... $ 187 (141) 46 ------ ------ ------ Other comprehensive earnings (loss), net of taxes: Foreign currency translation adjustments.................. 20 -- 20 Unrealized holding gains (losses) arising during the period.................................................... (517) 2,007 1,490 Recognition of previously unrealized gains on available-for-sale securities, net...................... -- (486) (486) Other comprehensive loss from discontinued operations..... -- (54) (54) ------ ------ ------ Other comprehensive earnings (loss)....................... (497) 1,467 970 ------ ------ ------ Comprehensive earnings (loss)............................... $ (310) 1,326 1,016 ====== ====== ======

8 STATEMENT OF CASH FLOWS INFORMATION YEAR ENDED DECEMBER 31, 2006 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ (AMOUNTS IN MILLIONS) Cash flows from operating activities: Net earnings.............................................. $ 511 329 840 Adjustments to reconcile net earnings to net cash provided by operating activities: Earnings from discontinued operations................... -- (220) (220) Cumulative effect of accounting change.................. 87 2 89 Depreciation and amortization........................... 491 91 582 Impairment of long-lived assets......................... -- 113 113 Stock-based compensation................................ 59 8 67 Payments of stock-based compensation.................... (111) (4) (115) Noncash interest expense................................ 4 104 108 Share of earnings of affiliates, net.................... (47) (44) (91) Realized and unrealized losses (gains) on financial instruments, net....................................... (20) 299 279 Gains on disposition of assets, net..................... -- (607) (607) Nontemporary declines in fair value of investments...... -- 4 4 Minority interests in earnings (losses) of subsidiaries............................................ 35 (8) 27 Deferred income tax benefit............................. (262) (203) (465) Other noncash charges (credits), net.................... (13) 57 44 Changes in operating assets and liabilities, net of the effects of acquisitions: Current assets........................................ (219) (91) (310) Payables and other current liabilities................ 38 622 660 ------ ----- ------ Net cash provided by operating activities........... 553 452 1,005 ------ ----- ------ Cash flows from investing activities: Cash proceeds from dispositions........................... -- 1,322 1,322 Premium proceeds (payments) from origination of derivatives............................................... (5) 64 59 Net proceeds from settlement of derivatives............... -- 101 101 Cash paid for acquisitions, net of cash acquired.......... (436) (440) (876) Capital expenditures...................................... (259) (19) (278) Net sales of short term investments....................... 23 264 287 Repurchases of subsidiary common stock.................... (331) -- (331) Other investing activities, net........................... (8) (161) (169) ------ ----- ------ Net cash provided (used) by investing activities.... (1,016) 1,131 115 ------ ----- ------ Cash flows from financing activities: Borrowings of debt........................................ 3,227 2 3,229 Repayments of debt........................................ (2,188) (3) (2,191) Intergroup cash transfers, net............................ 293 (293) -- Repurchases of Liberty common stock....................... (954) -- (954) Other financing activities, net........................... 68 (88) (20) ------ ----- ------ Net cash provided (used) by financing activities.... 446 (382) 64 ------ ----- ------ Effect of foreign currency rates on cash.................... 18 -- 18 ------ ----- ------ Net cash provided to discontinued operations: Cash provided by operating activities..................... -- 62 62 Cash used by investing activities......................... -- (67) (67) Cash provided by financing activities..................... -- 6 6 Change in available cash held by discontinued operations................................................ -- -- -- ------ ----- ------ Net cash provided by discontinued operations........ -- 1 1 ------ ----- ------ Net increase in cash and cash equivalents........... 1 1,202 1,203 Cash and cash equivalents at beginning of year...... 945 951 1,896 ------ ----- ------ Cash and cash equivalents at end of year............ $ 946 2,153 3,099 ====== ===== ======

9 STATEMENT OF CASH FLOWS INFORMATION YEAR ENDED DECEMBER 31, 2005 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ (AMOUNTS IN MILLIONS) Cash flows from operating activities: Net earnings (loss)....................................... $ 298 (331) (33) Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: Earnings from discontinued operations................... -- (10) (10) Depreciation and amortization........................... 449 96 545 Stock-based compensation................................ 52 -- 52 Payments of stock-based compensation.................... -- (103) (103) Noncash interest expense................................ 3 98 101 Share of earnings of affiliates, net.................... (9) (4) (13) Realized and unrealized losses (gains) on financial instruments, net...................................... 17 (274) (257) Losses (gains) on disposition of assets, net............ (40) 401 361 Nontemporary declines in fair value of investments...... -- 449 449 Minority interests in earnings of subsidiaries.......... 48 3 51 Deferred income tax benefit............................. (188) (201) (389) Other noncash charges, net.............................. 38 3 41 Changes in operating assets and liabilities, net of the effects of acquisitions: Current assets........................................ (162) (13) (175) Payables and other current liabilities................ 248 198 446 ------ ---- ------ Net cash provided by operating activities........... 754 312 1,066 ------ ---- ------ Cash flows from investing activities: Cash proceeds from dispositions........................... 1 48 49 Premium proceeds from origination of derivatives.......... -- 473 473 Net proceeds from settlement of derivatives............... -- 461 461 Capital expenditures...................................... (153) (15) (168) Net purchases of short term investments................... -- (85) (85) Cash paid for acquisitions, net of cash acquired.......... -- (1) (1) Repurchases of subsidiary common stock.................... (85) (10) (95) Other investing activities, net........................... (19) (12) (31) ------ ---- ------ Net cash provided (used) by investing activities.... (256) 859 603 ------ ---- ------ Cash flows from financing activities: Borrowings of debt........................................ 800 61 861 Repayments of debt........................................ (1,734) (67) (1,801) Intergroup cash transfers, net............................ 548 (548) -- Other financing activities, net........................... 23 66 89 ------ ---- ------ Net cash used by financing activities............... (363) (488) (851) ------ ---- ------ Effect of foreign currency rates on cash.................... (45) -- (45) ------ ---- ------ Net cash provided to discontinued operations: Cash provided by operating activities..................... -- 75 75 Cash used by investing activities......................... -- (110) (110) Cash provided by financing activities..................... -- 11 11 Change in available cash held by discontinued operations................................................ -- (177) (177) ------ ---- ------ Net cash provided to discontinued operations........ -- (201) (201) ------ ---- ------ Net increase in cash and cash equivalents......... 90 482 572 Cash and cash equivalents at beginning of year.... 855 469 1,324 ------ ---- ------ Cash and cash equivalents at end of year.......... $ 945 951 1,896 ====== ==== ======

10 STATEMENT OF CASH FLOWS INFORMATION YEAR ENDED DECEMBER 31, 2004 (UNAUDITED)

ATTRIBUTED (NOTE 1) ---------------------- INTERACTIVE CAPITAL CONSOLIDATED GROUP GROUP LIBERTY ----------- -------- ------------ (AMOUNTS IN MILLIONS) Cash flows from operating activities: Net earnings (loss)....................................... $187 (141) 46 Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: Loss from discontinued operations....................... -- 59 59 Depreciation and amortization........................... 437 110 547 Stock compensation...................................... 39 59 98 Payments of stock compensation.......................... -- (10) (10) Noncash interest expense................................ 3 93 96 Share of losses (earnings) of affiliates, net........... 3 (18) (15) Nontemporary decline in fair value of investments....... -- 129 129 Realized and unrealized losses on derivative instruments, net...................................... 17 1,267 1,284 Gains on disposition of assets, net..................... (7) (1,404) (1,411) Minority interests in earnings (losses) of subsidiaries............................................ 25 (3) 22 Deferred income tax benefit............................. (187) (7) (194) Other noncash charges (credits), net.................... (4) 24 20 Changes in operating assets and liabilities, net of the effect of acquisitions and dispositions: Current assets........................................ (181) (351) (532) Payables and other current liabilities................ 114 533 647 ---- ------ ------ Net cash provided by operating activities........... 446 340 786 ---- ------ ------ Cash flows from investing activities: Cash proceeds from dispositions........................... 7 472 479 Premium proceeds from origination of derivatives.......... -- 193 193 Net proceeds from settlement of derivatives............... -- 322 322 Investments in and loans to cost and equity investees..... (8) (952) (960) Cash paid for acquisitions, net of cash acquired.......... (92) 1 (91) Capital expenditures...................................... (121) (7) (128) Net sales of short term investments....................... -- 263 263 Repurchases of subsidiary common stock.................... (168) (3) (171) Other investing activities, net........................... (20) 123 103 ---- ------ ------ Net cash provided (used) by investing activities.... (402) 412 10 ---- ------ ------ Cash flows from financing activities: Repayments of debt........................................ (961) (45) (1,006) Intergroup cash transfers, net............................ 718 (718) -- Purchases of Liberty Series A common stock................ -- (547) (547) Other financing activities, net........................... 87 (59) 28 ---- ------ ------ Net cash used by financing activities............... (156) (1,369) (1,525) ---- ------ ------ Effect of foreign currency rates on cash.................... 3 -- 3 ---- ------ ------ Net cash provided to discontinued operations: Cash provided by operating activities..................... -- 260 260 Cash used by investing activities......................... -- (289) (289) Cash provided by financing activities..................... -- 1,005 1,005 Change in available cash held by discontinued operations................................................ -- (1,839) (1,839) ---- ------ ------ Net cash provided to discontinued operations........ -- (863) (863) ---- ------ ------ Net decrease in cash and cash equivalents......... (109) (1,480) (1,589) Cash and cash equivalents at beginning of year.... 964 1,949 2,913 ---- ------ ------ Cash and cash equivalents at end of year.......... $855 469 1,324 ==== ====== ======

11 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (UNAUDITED) (1) The assets attributed to our Interactive Group as of December 31, 2006 include our 100% interests in QVC, Inc., Provide Commerce, Inc. and BuySeasons, Inc., our ownership interest in IAC/ InterActiveCorp, which we account for as an available-for-sale security, and our interests in Expedia and GSI Commerce, Inc., which we account for as equity affiliates. Accordingly, the accompanying attributed financial information for the Interactive Group includes our investments in IAC/InterActiveCorp, Expedia and GSI, as well as the assets, liabilities, revenue, expenses and cash flows of QVC, Provide and BuySeasons. We have also attributed certain of our debt obligations (and related interest expense) to the Interactive Group based upon a number of factors, including the cash flow available to the Interactive Group and its ability to pay debt service and our assessment of the optimal capitalization for the Interactive Group. The specific debt obligations attributed to each of the Interactive Group and the Capital Group are described in note 3 below. In addition, we have allocated certain corporate general and administrative expenses between the Interactive Group and the Capital Group as described in note 4 below. The Interactive Group focuses on video and on-line commerce businesses. Accordingly, we expect that businesses that we may acquire in the future that we believe are complementary to this strategy will also be attributed to the Interactive Group. The Capital Group consists of all of our businesses not included in the Interactive Group, including our consolidated subsidiaries Starz Entertainment, LLC, Starz Media, LLC, FUN Technologies, Inc., and TruePosition, Inc., and our cost and equity investments in GSN, LLC, WildBlue Communications, Inc. and others. Accordingly, the accompanying attributed financial information for the Capital Group includes these investments and the assets, liabilities, revenue, expenses and cash flows of these consolidated subsidiaries. In addition, we have attributed to the Capital Group all of our notes and debentures (and related interest expense) that have not been attributed to the Interactive Group. See note 3 below for the debt obligations attributed to the Capital Group. Any businesses that we may acquire in the future that are not attributed to the Interactive Group will be attributed to the Capital Group. While we believe the allocation methodology described above is reasonable and fair to each group, we may elect to change the allocation methodology in the future. In the event we elect to transfer assets or businesses from one group to the other, such transfer would be made on a fair value basis and would be accounted for as a short-term loan unless our board of directors determines to account for it as a long-term loan or through an inter-group interest. (2) Derivative instruments attributed to the Interactive Group are comprised of total return bond swaps and interest rate swaps that are related to the corporate debt attributed to the Interactive Group. 12 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) (3) Debt attributed to the Interactive Group and the Capital Group is comprised of the following:

DECEMBER 31, 2006 ---------------------- OUTSTANDING CARRYING PRINCIPAL VALUE ----------- -------- (AMOUNTS IN MILLIONS) Interactive Group 7.875% Senior Notes due 2009.............................. $ 670 667 7.75% Senior Notes due 2009............................... 234 234 5.7% Senior Notes due 2013................................ 802 800 8.5% Senior Debentures due 2029........................... 500 495 8.25% Senior Debentures due 2030.......................... 902 895 QVC bank credit facilities................................ 3,225 3,225 Other subsidiary debt..................................... 67 67 ------- ----- Total Interactive Group debt............................ 6,400 6,383 ------- ----- Capital Group 4% Senior Exchangeable Debentures due 2029................ 869 254 3.75% Senior Exchangeable Debentures due 2030............. 810 234 3.5% Senior Exchangeable Debentures due 2031.............. 600 238 3.25% Senior Exchangeable Debentures due 2031............. 551 119 0.75% Senior Exchangeable Debentures due 2023............. 1,750 1,637 Subsidiary debt........................................... 158 158 ------- ----- Total Capital Group debt................................ 4,738 2,640 ------- ----- Total debt.................................................. $11,138 9,023 ======= =====

(4) Cash compensation expense for our corporate employees has been allocated between the Interactive Group and the Capital Group based on the estimated percentage of time spent providing services for each group. Stock-based compensation expense for our corporate employees has been allocated between the Interactive Group and the Capital Group based on the compensation derived from the equity awards for the respective tracking stock. Other general and administrative expenses are charged directly to the groups whenever possible and are otherwise allocated based on estimated usage or some other reasonably determined methodology. Amounts allocated from the Capital Group to the Interactive Group for the years ended December 31, 2006, 2005 and 2004 were $13 million, $5 million and $11 million, respectively. While we believe that this allocation method is reasonable and fair to each group, we may elect to change the allocation methodology or percentages used to allocate general and administrative expenses in the future. (5) Prior to January 1, 2006, we accounted for compensation expense related to stock options and stock appreciation rights pursuant to the recognition and measurement provisions of Accounting Principles Board Opinion No. 25, "ACCOUNTING FOR STOCK ISSUED TO EMPLOYEES" ("APB Opinion No. 25"). Compensation was recognized based upon the percentage of the options that were vested and the difference between the market price of the underlying common stock and the exercise price of the options at the balance sheet date. The following tables illustrate the effect on earnings (loss) from continuing operations if we had applied the fair value recognition provisions of Statement of Financial Accounting Standards No. 123, "ACCOUNTING FOR STOCK-BASED COMPENSATION," ("Statement 123") to our options. Compensation expense for SARs and options with tandem SARs 13 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) is the same under APB Optinion No. 25 and Statement 123. Accordingly, no pro forma adjustment for such awards is included in the following table. INTERACTIVE GROUP

YEARS ENDED DECEMBER 31, ------------------- 2005 2004 -------- -------- (AMOUNTS IN MILLIONS) Earnings from continuing operations......................... $298 187 Add stock-based compensation as determined under the intrinsic value method, net of taxes.................... 1 1 Deduct stock-based compensation as determined under the fair value method, net of taxes......................... (24) (21) ---- --- Pro forma earnings from continuing operations............... $275 167 ==== ===

CAPITAL GROUP

YEARS ENDED DECEMBER 31, ------------------- 2005 2004 -------- -------- (AMOUNTS IN MILLIONS) Loss from continuing operations............................. $(341) (82) Add stock-based compensation as determined under the intrinsic value method, net of taxes.................... 1 1 Deduct stock-based compensation as determined under the fair value method, net of taxes......................... (18) (20) ----- ---- Pro forma loss from continuing operations................... $(358) (101) ===== ====

(6) We have accounted for income taxes for the Interactive Group and the Capital Group in the accompanying attributed financial information in a manner similar to a stand-alone company basis. To the extent this methodology differs from our tax sharing policy, differences have been reflected in the attributed net assets of the groups. 14 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) The Interactive Group's income tax benefit (expense) consists of:

YEARS ENDED DECEMBER 31, ------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) Current: Federal................................................... $(305) (259) (240) State and local........................................... (57) (69) (62) Foreign................................................... (110) (85) (47) ----- ---- ---- (472) (413) (349) ----- ---- ---- Deferred: Federal................................................... 197 150 137 State and local........................................... 62 40 42 Foreign................................................... 3 (2) 8 ----- ---- ---- 262 188 187 ----- ---- ---- Income tax expense.......................................... $(210) (225) (162) ===== ==== ====

The Interactive Group's income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following:

YEARS ENDED DECEMBER 31, ------------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) Computed expected tax expense............................... $(283) (183) (122) Change in estimated foreign and state tax rates............. 132 28 -- State and local income taxes, net of federal income taxes... (23) (25) (24) Foreign taxes, net of foreign tax credits................... (20) (29) (6) Change in valuation allowance affecting tax expense......... (14) 2 1 Minority interest........................................... (12) (12) (6) Disqualifying disposition of incentive stock options not deductible for book purposes.............................. 14 -- -- Other, net.................................................. (4) (6) (5) ----- ---- ---- Income tax expense........................................ $(210) (225) (162) ===== ==== ====

15 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) The tax effects of temporary differences that give rise to significant portions of the Interactive Group's deferred tax assets and deferred tax liabilities are presented below:

DECEMBER 31, ------------------- 2006 2005 -------- -------- (AMOUNTS IN MILLIONS) Deferred tax assets: Net operating and capital loss carryforwards.............. $ 35 6 Accrued stock compensation................................ 23 33 Other future deductible amounts........................... 213 160 ------ ----- Deferred tax assets..................................... 271 199 Valuation allowance....................................... (19) (6) ------ ----- Net deferred tax assets................................. 252 193 ------ ----- Deferred tax liabilities: Investments............................................... 884 618 Intangible assets......................................... 2,238 2,418 Other..................................................... 86 79 ------ ----- Deferred tax liabilities................................ 3,208 3,115 ------ ----- Net deferred tax liabilities................................ $2,956 2,922 ====== =====

The Capital Group's income tax benefit (expense) consists of:

YEARS ENDED DECEMBER 31, ------------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) Current: Federal................................................... $(208) 159 62 State and local........................................... (35) (6) 1 Foreign................................................... (2) (3) (67) ----- --- --- (245) 150 (4) ----- --- --- Deferred: Federal................................................... 165 69 (14) State and local........................................... 37 132 21 Foreign................................................... 1 -- -- ----- --- --- 203 201 7 ----- --- --- Income tax benefit (expense)................................ $ (42) 351 3 ===== === ===

16 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) The Capital Group's income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following:

YEARS ENDED DECEMBER 31, ------------------------------------ 2006 2005 2004 -------- -------- -------- (AMOUNTS IN MILLIONS) Computed expected tax benefit (expense)..................... $(53) 242 30 State and local income taxes, net of federal income taxes... (11) 32 20 Foreign taxes............................................... -- (2) (41) Change in valuation allowance affecting tax expense......... 90 (42) (4) Change in estimated foreign and state tax rates............. (2) 119 2 Impairment of goodwill not deductible for tax purposes...... (39) -- -- Disposition of nondeductible goodwill in sales transaction............................................... (43) -- -- Dividends received deduction................................ 12 12 -- Other, net.................................................. 4 (10) (4) ---- --- --- Income tax benefit (expense)................................ $(42) 351 3 ==== === ===

The tax effects of temporary differences that give rise to significant portions of the Capital Group's deferred tax assets and deferred tax liabilities are presented below:

DECEMBER 31, ------------------------- 2006 2005 -------- -------- (AMOUNTS IN MILLIONS) Deferred tax assets: Net operating and capital loss carryforwards.............. $ 435 507 Accrued stock compensation................................ 56 57 Other future deductible amounts........................... 272 239 ------ ----- Deferred tax assets..................................... 763 803 Valuation allowance....................................... (74) (149) ------ ----- Net deferred tax assets................................. 689 654 ------ ----- Deferred tax liabilities: Investments............................................... 6,001 5,430 Intangible assets......................................... 124 105 Discount on exchangeable debentures....................... 981 1,006 Other..................................................... 283 10 ------ ----- Deferred tax liabilities................................ 7,389 6,551 ------ ----- Net deferred tax liabilities................................ $6,700 5,897 ====== =====

(7) The Liberty Interactive Stock and the Liberty Capital Stock have voting and conversion rights under our amended charter. Following is a summary of those rights. Holders of Series A common stock of each group are entitled to one vote per share, and holders of Series B common stock of each group are entitled to ten votes per share. Holders of Series C common stock of each group, if issued, will be entitled to 1/100th of a vote per share in certain limited cases and will otherwise not be entitled to vote. In general, holders of Series A and Series B common stock vote as a single class. In certain limited circumstances, the board may elect to seek the approval of the holders of 17 NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED) (UNAUDITED) only Series A and Series B Liberty Interactive Stock or the approval of the holders of only Series A and Series B Liberty Capital Stock. At the option of the holder, each share of Series B common stock will be convertible into one share of Series A common stock of the same group. At the discretion of our board, Liberty Interactive Stock may be converted into Liberty Capital Stock at any time following the first anniversary of the restructuring. In addition, following certain group dispositions and subject to certain limitations, Liberty Capital Stock may be converted into Liberty Interactive Stock, and Liberty Interactive Stock may be converted into Liberty Capital Stock. 18