Exhibit 99.1

Qurate Retail, Inc.

Reconciliation of Qurate Retail, Inc. ("Qurate Retail") Net Assets and

Net Earnings to Liberty Interactive LLC ("Liberty LLC") Net Assets and Net Earnings

March 31, 2018

(unaudited)

amounts in millions

 

 

 

 

 

 

 

 

 

 

 

Qurate Retail Net Assets

    

$

5,968

 

Reconciling items:

 

 

 

 

zulily net assets

 

 

(1,738)

 

HSNi net assets (1)

 

 

(1,919)

 

Equity investment in HSNi held by Liberty LLC (1)

 

 

197

 

Tax sharing agreement with GCI Liberty, Inc.

 

 

191

 

Liberty LLC Net Assets

 

$

2,699

 

 

 

 

 

 

Qurate Retail Net Earnings

 

$

397

 

Reconciling items:

 

 

 

 

zulily net (earnings) loss

 

 

17

 

HSNi net (earnings) loss (1)

 

 

(4)

 

GCI Liberty, Inc. tax sharing expense

 

 

(7)

 

Liberty LLC Net Earnings

 

$

403

 

 

 

 

 

 

 

 

(1)

On December 29, 2017, Qurate Retail acquired the approximate remaining 62% of HSNi it did not already own. Liberty LLC continues to hold 38% of HSNi and accounts for its ownership in HSNi as an equity method investment.