Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.7.0.1
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Total revenue, net $ 2,327 $ 2,510
Operating costs and expenses:    
Cost of sales 1,505 1,626
Operating expenses 151 170
Selling, general and administrative, including stock-based compensation 250 308
Depreciation and amortization 208 217
Total operating costs and expenses 2,114 2,321
Operating income (loss) 213 189
Other income (expense):    
Interest expense (90) (93)
Share of earnings (losses) of affiliates, net (27) 3
Realized and unrealized gains (losses) on financial instruments, net 701 (7)
Other, net 1 38
Total other income (expense) 585 (59)
Total 798 130
Income tax (expense) benefit (279) (38)
Earnings (loss) from continuing operations 519 92
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest   (16)
Net earnings (loss) 519 76
Less net earnings (losses) attributable to the noncontrolling interests 12 8
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders 507 68
QVC Group Common Stock    
Revenue:    
Total revenue, net 2,323 2,367
Operating costs and expenses:    
Cost of sales 1,505 1,535
Operating expenses 148 153
Selling, general and administrative, including stock-based compensation 237 264
Depreciation and amortization 207 209
Total operating costs and expenses 2,097 2,161
Operating income (loss) 226 206
Other income (expense):    
Interest expense (75) (76)
Share of earnings (losses) of affiliates, net 14 21
Realized and unrealized gains (losses) on financial instruments, net (1) (1)
Other, net (2) 5
Total other income (expense) (64) (51)
Total 162 155
Income tax (expense) benefit (59) (53)
Earnings (loss) from continuing operations   102
Net earnings (loss) 103 102
Less net earnings (losses) attributable to the noncontrolling interests 12 8
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 91 $ 94
Earnings (Loss) Per Common Share    
Income (Loss) from Continuing Operations, Per Basic Share $ 0.20 $ 0.19
Income (Loss) from Continuing Operations, Per Diluted Share 0.20 0.19
Earnings Per Share, Basic 0.20 0.19
Earnings Per Share, Diluted $ 0.20 $ 0.19
Liberty Ventures common stock    
Revenue:    
Total revenue, net $ 4 $ 143
Operating costs and expenses:    
Cost of sales   91
Operating expenses 3 17
Selling, general and administrative, including stock-based compensation 13 44
Depreciation and amortization 1 8
Total operating costs and expenses 17 160
Operating income (loss) (13) (17)
Other income (expense):    
Interest expense (15) (17)
Share of earnings (losses) of affiliates, net (41) (18)
Realized and unrealized gains (losses) on financial instruments, net 702 (6)
Other, net 3 33
Total other income (expense) 649 (8)
Total 636 (25)
Income tax (expense) benefit (220) 15
Earnings (loss) from continuing operations   (10)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest   (16)
Net earnings (loss) 416 (26)
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 416 $ (26)
Earnings (Loss) Per Common Share    
Income (Loss) from Continuing Operations, Per Basic Share $ 4.89 $ (0.07)
Income (Loss) from Continuing Operations, Per Diluted Share 4.84 (0.07)
Earnings Per Share, Basic 4.89 (0.18)
Earnings Per Share, Diluted $ 4.84 $ (0.18)