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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Total revenue, net $ 2,352 $ 2,563 $ 4,679 $ 5,073
Operating costs and expenses:        
Cost of sales 1,494 1,621 2,999 3,247
Operating expenses 150 177 301 347
Selling, general and administrative, including stock-based compensation 248 294 498 602
Depreciation and amortization 206 221 414 438
Total operating costs and expenses 2,098 2,313 4,212 4,634
Operating income (loss) 254 250 467 439
Other income (expense):        
Interest expense (89) (92) (179) (185)
Share of earnings (losses) of affiliates, net (9) (2) (36) 1
Realized and unrealized gains (losses) on financial instruments, net 116 343 817 336
Other, net (7) 100 (6) 138
Total other income (expense) 11 349 596 290
Earnings (loss) before income taxes 265 599 1,063 729
Income tax (expense) benefit (81) (212) (360) (250)
Earnings (loss) from continuing operations 184 387 703 479
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest   3   (13)
Net earnings (loss) 184 390 703 466
Less net earnings (losses) attributable to the noncontrolling interests 9 11 21 19
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders 175 379 682 447
QVC Group Common Stock        
Revenue:        
Total revenue, net 2,346 2,424 4,669 4,791
Operating costs and expenses:        
Cost of sales 1,494 1,538 2,999 3,073
Operating expenses 148 157 296 310
Selling, general and administrative, including stock-based compensation 234 261 471 525
Depreciation and amortization 205 214 412 423
Total operating costs and expenses 2,081 2,170 4,178 4,331
Operating income (loss) 265 254 491 460
Other income (expense):        
Interest expense (74) (71) (149) (147)
Share of earnings (losses) of affiliates, net 6 9 20 30
Realized and unrealized gains (losses) on financial instruments, net   5 (1) 4
Other, net (8) 20 (10) 25
Total other income (expense) (76) (37) (140) (88)
Earnings (loss) before income taxes 189 217 351 372
Income tax (expense) benefit (69) (76) (128) (129)
Earnings (loss) from continuing operations   141   243
Net earnings (loss) 120 141 223 243
Less net earnings (losses) attributable to the noncontrolling interests 9 11 21 19
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 111 $ 130 $ 202 $ 224
Earnings (Loss) Per Common Share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.25 $ 0.27 $ 0.45 $ 0.46
Income (Loss) from Continuing Operations, Per Diluted Share 0.24 0.27 0.44 0.46
Earnings Per Share, Basic 0.25 0.27 0.45 0.46
Earnings Per Share, Diluted $ 0.24 $ 0.27 $ 0.44 $ 0.46
Liberty Ventures common stock        
Revenue:        
Total revenue, net $ 6 $ 139 $ 10 $ 282
Operating costs and expenses:        
Cost of sales   83   174
Operating expenses 2 20 5 37
Selling, general and administrative, including stock-based compensation 14 33 27 77
Depreciation and amortization 1 7 2 15
Total operating costs and expenses 17 143 34 303
Operating income (loss) (11) (4) (24) (21)
Other income (expense):        
Interest expense (15) (21) (30) (38)
Share of earnings (losses) of affiliates, net (15) (11) (56) (29)
Realized and unrealized gains (losses) on financial instruments, net 116 338 818 332
Other, net 1 80 4 113
Total other income (expense) 87 386 736 378
Earnings (loss) before income taxes 76 382 712 357
Income tax (expense) benefit (12) (136) (232) (121)
Earnings (loss) from continuing operations   246   236
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest   3   (13)
Net earnings (loss) 64 249 480 223
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 64 $ 249 $ 480 $ 223
Earnings (Loss) Per Common Share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.75 $ 1.73 $ 5.65 $ 1.66
Income (Loss) from Continuing Operations, Per Diluted Share 0.74 1.72 5.58 1.65
Earnings Per Share, Basic 0.75 1.75 5.65 1.57
Earnings Per Share, Diluted $ 0.74 $ 1.74 $ 5.58 $ 1.56