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

June 30, 2018

(unaudited)

amounts in millions

 

 

 

 

 

 

 

 

 

 

 

Qurate Retail Net Assets

    

$

5,801

 

Reconciling items:

 

 

 

 

zulily net assets

 

 

(1,726)

 

HSNi net assets (1)

 

 

(1,937)

 

Equity investment in HSNi held by Liberty LLC (1)

 

 

203

 

Tax sharing agreement with GCI Liberty, Inc.

 

 

111

 

Liberty LLC Net Assets

 

$

2,452

 

 

 

 

 

 

Qurate Retail Net Earnings

 

$

595

 

Reconciling items:

 

 

 

 

zulily net (earnings) loss

 

 

32

 

HSNi net (earnings) loss (1)

 

 

(16)

 

GCI Liberty, Inc. tax sharing expense

 

 

(27)

 

Liberty LLC Net Earnings

 

$

584

 

 

 

 

 

 

 

 

(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.