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Information About Liberty's Operating Segments (Tables)
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12 Months Ended |
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Dec. 31, 2014
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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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2014
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2013
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2012
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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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8,801
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1,910
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8,623
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1,841
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8,516
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1,828
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Digital Commerce (1)
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1,227
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53
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1,596
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103
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1,372
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102
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Corporate and other
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—
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(24)
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—
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(20)
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—
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(27)
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Total QVC Group
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10,028
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1,939
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10,219
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1,924
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9,888
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1,903
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Ventures Group
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Digital Commerce (1)
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471
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44
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NA
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NA
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NA
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NA
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Corporate and other
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—
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(18)
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—
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(11)
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—
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(5)
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Total Ventures Group
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471
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26
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—
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(11)
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—
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(5)
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Consolidated Liberty
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$
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10,499
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1,965
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10,219
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1,913
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9,888
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1,898
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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 companies. The reattribution of the Digital Commerce companies 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 companies 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, 2014
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December 31, 2013
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Investments
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Investments
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Total
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in
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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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expenditures
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assets (1)
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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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12,466
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47
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183
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13,031
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51
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217
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Digital Commerce (1)(2)
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NA
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NA
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43
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1,218
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—
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74
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Corporate and other
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546
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328
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—
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613
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292
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—
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Total QVC Group
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13,012
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375
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226
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14,862
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343
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291
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Ventures Group
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Digital Commerce (2)
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693
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355
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15
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NA
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NA
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NA
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Corporate and other (1)
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5,135
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903
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—
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9,984
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894
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—
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Total Ventures Group
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5,828
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1,258
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15
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9,984
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894
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—
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Inter-group eliminations
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(199)
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—
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—
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(170)
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—
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—
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Consolidated Liberty
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$
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18,641
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1,633
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241
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24,676
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1,237
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291
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(1)
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Total assets of discontinued operations at December 31, 2013 are included in the table above. BuySeasons and TripAdvisor total assets are included in the Corporate and other line item in the QVC Group and Ventures Group, respectively.
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(2)
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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 companies. The reattribution of the Digital Commerce companies 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, total assets, investments and affiliates and capital expenditures attributable to the Digital Commerce companies 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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| 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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2014
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2013
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2012
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amounts in millions
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Consolidated segment Adjusted OIBDA
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$
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1,965
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1,913
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1,898
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Stock-based compensation
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(108)
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(118)
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(91)
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Depreciation and amortization
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(662)
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(629)
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(591)
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Impairment of intangible assets
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(7)
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(30)
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(53)
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Interest expense
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(387)
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(380)
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(466)
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Share of earnings (loss) of affiliates, net
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39
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33
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47
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Realized and unrealized gains (losses) on financial instruments, net
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(57)
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(22)
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(351)
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Gains (losses) on transactions, net
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74
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(1)
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443
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Other, net
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(21)
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(29)
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47
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Earnings (loss) from continuing operations before income taxes
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$
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836
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737
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883
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| Schedule of Revenue by geographic area |
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Years ended December 31,
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2014
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2013
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2012
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amounts in millions
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United States
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$
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7,617
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7,332
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6,873
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Japan
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912
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1,029
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1,251
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Germany
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1,003
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971
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957
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Other foreign countries
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967
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887
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807
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$
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10,499
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10,219
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9,888
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| Schedule of Long-lived Assets by Geographic Area |
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December 31,
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2014
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2013
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amounts in millions
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United States
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$
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529
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550
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Japan
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176
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220
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Germany
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210
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245
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Other foreign countries
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178
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193
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$
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1,093
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1,208
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