Information About Liberty's Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Information About Liberty's Operating Segments |
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| Performance Measures By Segment |
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Years ended December 31,
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2016
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2015
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2014
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Adjusted
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Adjusted
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Adjusted
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Revenue
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OIBDA
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Revenue
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OIBDA
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Revenue
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OIBDA
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amounts in millions
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QVC Group
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QVC
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$
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8,682
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1,840
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8,743
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1,894
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8,801
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1,910
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zulily
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1,547
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112
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426
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21
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NA
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NA
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Corporate and other (1)
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—
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(16)
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—
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(28)
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1,227
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29
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Inter-segment eliminations
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(10)
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—
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—
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—
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—
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—
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Total QVC Group
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10,219
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1,936
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9,169
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1,887
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10,028
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1,939
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Ventures Group
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Corporate and other (1)
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428
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3
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820
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59
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471
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26
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Total Ventures Group
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428
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3
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820
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59
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471
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26
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Consolidated Liberty
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$
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10,647
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1,939
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9,989
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1,946
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10,499
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1,965
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(1)
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As discussed in note 2, on October 3, 2014, Liberty completed the reattribution from the QVC Group (formerly referred to as the Interactive Group, prior to the reattribution), to the Ventures Group its Digital Commerce businesses. The reattribution of the Digital Commerce businesses is presented on a prospective basis from the date of the reattribution in Liberty’s consolidated financial statements, with October 1, 2014 used as a proxy for the date of the reattribution. Accordingly, Revenue and Adjusted OIBDA attributable to the Digital Commerce businesses are included in the QVC Group for the period through September 30, 2014 and are included in the Ventures Group for the period beginning October 1, 2014.
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| Other Information By Segment |
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December 31, 2016
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December 31, 2015
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Investments
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Investment
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Investments
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Total
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in
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in Liberty
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Capital
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Total
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in
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Capital
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assets
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affiliates
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Broadband
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expenditures
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assets
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affiliates
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expenditures
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amounts in millions
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QVC Group
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QVC
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$
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11,545
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40
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—
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179
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12,058
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43
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215
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zulily
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2,461
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—
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—
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27
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2,741
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—
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3
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Corporate and other
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351
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184
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—
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—
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342
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165
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—
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Total QVC Group
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14,357
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224
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—
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206
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15,141
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208
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218
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Ventures Group
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Corporate and other
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5,998
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357
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3,161
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27
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6,039
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506
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40
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Total Ventures Group
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5,998
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357
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3,161
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27
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6,039
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506
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40
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Consolidated Liberty
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$
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20,355
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581
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3,161
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233
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21,180
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714
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258
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| Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes |
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Years ended December 31,
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2016
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2015
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2014
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amounts in millions
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Consolidated segment Adjusted OIBDA
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$
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1,939
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1,946
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1,965
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Stock-based compensation
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(97)
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(127)
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(108)
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Depreciation and amortization
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(874)
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(703)
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(669)
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Operating income
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968
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1,116
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1,188
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Interest expense
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(363)
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(360)
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(387)
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Share of earnings (loss) of affiliates, net
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(68)
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(178)
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(19)
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Realized and unrealized gains (losses) on financial instruments, net
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1,175
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114
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(57)
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Gains (losses) on transactions, net
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9
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110
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74
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Other, net
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131
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14
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(24)
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Earnings (loss) from continuing operations before income taxes
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$
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1,852
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816
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775
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| Schedule of Revenue by geographic area |
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Years ended December 31,
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2016
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2015
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2014
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amounts in millions
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United States
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$
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7,979
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7,412
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7,617
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Japan
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900
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811
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912
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Germany
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866
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850
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1,003
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Other foreign countries
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902
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916
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967
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$
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10,647
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9,989
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10,499
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| Schedule of Long-lived Assets by Geographic Area |
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December 31,
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2016
|
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2015
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amounts in millions
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United States
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$
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694
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637
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Japan
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145
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156
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Germany
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154
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173
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Other foreign countries
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138
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174
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$
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1,131
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1,140
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