Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v3.7.0.1
Investments In Affiliates Accounted For Using The Equity Method (Tables)
6 Months Ended
Jun. 30, 2017
Schedule Of Equity Ownership And Carrying Amount

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

June 30, 2017

 

2016

 

 

    

Percentage

    

Fair value

    

Carrying

    

Carrying

 

 

 

ownership

 

(Level 1)

 

amount

 

amount

 

 

 

 

 

dollar amounts in millions

 

QVC Group

 

 

 

 

 

 

 

 

 

 

 

HSN

 

38

%  

$

639

 

$

193

 

184

 

Other

 

various

 

 

NA

 

 

38

 

40

 

Total QVC Group

 

 

 

 

 

 

 

231

 

224

 

Ventures Group

 

 

 

 

 

 

 

 

 

 

 

FTD

 

37

%  

 

204

 

 

213

 

216

 

Other

 

various

 

 

NA

 

 

202

 

141

 

Total Ventures Group

 

 

 

 

 

 

 

415

 

357

 

Consolidated Liberty

 

 

 

 

 

 

$

646

 

581

 

 

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  June 30,

 

Six months ended June 30,

 

 

    

2017

    

2016

    

2017

    

2016

 

 

 

amounts in millions

 

QVC Group

 

 

 

 

 

 

 

 

 

 

HSN

 

$

 7

 

10

 

23

 

32

 

Other

 

 

(1)

 

(1)

 

(3)

 

(2)

 

Total QVC Group

 

 

 6

 

 9

 

20

 

30

 

Ventures Group

 

 

 

 

 

 

 

 

 

 

FTD

 

 

 —

 

 2

 

(5)

 

(1)

 

Other

 

 

(15)

 

(13)

 

(51)

 

(28)

 

Total Ventures Group

 

 

(15)

 

(11)

 

(56)

 

(29)

 

Consolidated Liberty

 

$

(9)

 

(2)

 

(36)

 

 1

 

 

Liberty Broadband  
Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

June 30, 2017

 

December 31, 2016

 

 

 

amounts in millions

 

Current assets

 

$

253

 

258

 

Investment in Charter, accounted for using the equity method

 

 

9,336

 

9,315

 

Other assets

 

 

14

 

18

 

Total assets

 

 

9,603

 

9,591

 

Long-term debt, including current portion

 

 

599

 

599

 

Deferred income taxes

 

 

505

 

505

 

Other liabilities

 

 

21

 

14

 

Equity

 

 

8,478

 

8,473

 

Total liabilities and shareholders’ equity

 

$

9,603

 

9,591

 

 

Consolidated Statement Of Operations

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

June 30,

 

June 30,

 

2017

 

2016

 

2017

 

2016

 

 

amounts in millions

 

amounts in millions

Revenue

$

 3

 

 3

 

 6

 

 7

 

Operating expenses, net

 

10

 

14

 

20

 

27

 

Operating income (loss)

 

(7)

 

(11)

 

(14)

 

(20)

 

Share of earnings (losses) of affiliates

 

11

 

621

 

30

 

551

 

Realized and unrealized gains (losses) on financial instruments, net

 

 1

 

48

 

 2

 

93

 

Gain (loss) on dilution of investment in affiliate

 

(7)

 

778

 

(38)

 

776

 

Other income (expense), net

 

(4)

 

(1)

 

(8)

 

(1)

 

Income tax benefit (expense)

 

 3

 

(545)

 

11

 

(531)

 

Net earnings (loss)

$

(3)

 

890

 

(17)

 

868