Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v2.4.0.6
Condensed Consolidated Statements Of Operations (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Net retail sales $ 2,196,000,000 $ 2,133,000,000 $ 6,875,000,000 $ 6,537,000,000
Cost of sales (exclusive of depreciation shown separately below) 1,407,000,000 1,364,000,000 4,361,000,000 4,139,000,000
Gross Profit 789,000,000 769,000,000 2,514,000,000 2,398,000,000
Operating costs and expenses:        
Operating 201,000,000 209,000,000 608,000,000 621,000,000
Selling, general and administrative, including stock-based compensation (note 4) 213,000,000 185,000,000 693,000,000 604,000,000
Impairment of goodwill (note 9) 39,000,000 0 39,000,000 0
Depreciation and amortization 147,000,000 151,000,000 437,000,000 448,000,000
Total operating costs and expenses 600,000,000 545,000,000 1,777,000,000 1,673,000,000
Operating income (loss) 189,000,000 224,000,000 737,000,000 725,000,000
Other income (expense):        
Interest expense (111,000,000) (105,000,000) (324,000,000) (326,000,000)
Share of earnings of affiliates, net (note 8) 43,000,000 62,000,000 89,000,000 119,000,000
Realized and unrealized gains on financial instruments, net (note 6) (160,000,000) (91,000,000) (338,000,000) (61,000,000)
Gains (losses) on dispositions, net (note 8) 0 0 288,000,000 0
Other, net (2,000,000) (9,000,000) 31,000,000 12,000,000
Total other income (expense) (230,000,000) (143,000,000) (254,000,000) (256,000,000)
Earnings (loss) from continuing operations before income taxes (41,000,000) 81,000,000 483,000,000 469,000,000
Income tax expense 15,000,000 (56,000,000) (155,000,000) (186,000,000)
Earnings (loss) from continuing operations (26,000,000) 25,000,000 328,000,000 283,000,000
Earnings (loss) from discontinued operations, net of taxes 0 (32,000,000) 0 378,000,000
Net earnings (loss) (26,000,000) (7,000,000) 328,000,000 661,000,000
Less net earnings (losses) attributable to the noncontrolling interests 15,000,000 12,000,000 44,000,000 34,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders (41,000,000) (19,000,000) 284,000,000 627,000,000
Segment, Liberty Capital [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders   (90,000,000)   211,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.00   $ 0.12
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.00   $ 0.12
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   (1.11)   2.60
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   (1.11)   2.54
Segment, Liberty Starz [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders   58,000,000   177,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.00   $ 0.00
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.00   $ 0.00
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   1.14   3.47
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   1.09   3.34
Segment, Liberty Interactive [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders (31,000,000) 13,000,000 294,000,000 239,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ (0.06) $ 0.02 $ 0.53 $ 0.40
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ (0.06) $ 0.02 $ 0.52 $ 0.40
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) (0.06) 0.02 0.53 0.40
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) (0.06) 0.02 0.52 0.40
Liberty Ventures [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders (48,000,000)   (48,000,000)  
Liberty Interactive [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders 38,000,000   38,000,000  
Liberty Interactive [Member]
        
Other income (expense):        
Share of earnings of affiliates, net (note 8) 6,000,000 6,000,000 26,000,000 18,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 0.07   $ 0.07  
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 0.07   $ 0.07  
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 0.07   0.07  
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 0.07   0.07  
Liberty Ventures [Member]
        
Other income (expense):        
Share of earnings of affiliates, net (note 8) 37,000,000 56,000,000 63,000,000 101,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ (1.66)   $ (1.66)  
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ (1.60)   $ (1.60)  
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) (1.66)   (1.66)  
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) (1.60)   (1.60)  
Interactive Group [Member]
        
Revenue:        
Net retail sales 2,196,000,000 2,133,000,000 6,875,000,000 6,537,000,000
Cost of sales (exclusive of depreciation shown separately below) 1,407,000,000 1,364,000,000 4,361,000,000 4,139,000,000
Gross Profit 789,000,000 769,000,000 2,514,000,000 2,398,000,000
Operating costs and expenses:        
Operating 201,000,000 209,000,000 608,000,000 621,000,000
Selling, general and administrative, including stock-based compensation (note 4) 209,000,000 184,000,000 688,000,000 601,000,000
Impairment of goodwill (note 9)     39,000,000  
Depreciation and amortization 147,000,000 151,000,000 437,000,000 448,000,000
Total operating costs and expenses 596,000,000 544,000,000 1,772,000,000 1,670,000,000
Operating income (loss) 193,000,000 225,000,000 742,000,000 728,000,000
Other income (expense):        
Interest expense (84,000,000) (79,000,000) (241,000,000) (247,000,000)
Share of earnings of affiliates, net (note 8) 6,000,000 6,000,000 26,000,000 18,000,000
Realized and unrealized gains on financial instruments, net (note 6) 14,000,000 12,000,000 39,000,000 57,000,000
Gains (losses) on dispositions, net (note 8)     0  
Other, net 0 (9,000,000) (4,000,000) 20,000,000
Total other income (expense) (64,000,000) (70,000,000) (180,000,000) (152,000,000)
Earnings (loss) before income taxes 129,000,000 155,000,000 562,000,000 576,000,000
Income tax expense (65,000,000) (86,000,000) (226,000,000) (231,000,000)
Earnings (loss) from continuing operations   69,000,000   345,000,000
Earnings (loss) from discontinued operations, net of taxes   (32,000,000)   378,000,000
Net earnings (loss) 64,000,000 37,000,000 336,000,000 723,000,000
Less net earnings (losses) attributable to the noncontrolling interests 15,000,000 12,000,000 44,000,000 34,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders 49,000,000 25,000,000 292,000,000 689,000,000
Ventures Group [Member]
        
Revenue:        
Net retail sales 0 0 0 0
Cost of sales (exclusive of depreciation shown separately below) 0 0 0 0
Gross Profit 0 0 0 0
Operating costs and expenses:        
Operating 0 0 0 0
Selling, general and administrative, including stock-based compensation (note 4) 4,000,000 1,000,000 5,000,000 3,000,000
Impairment of goodwill (note 9)     0  
Depreciation and amortization 0 0 0 0
Total operating costs and expenses 4,000,000 1,000,000 5,000,000 3,000,000
Operating income (loss) (4,000,000) (1,000,000) (5,000,000) (3,000,000)
Other income (expense):        
Interest expense (27,000,000) (26,000,000) (83,000,000) (79,000,000)
Share of earnings of affiliates, net (note 8) 37,000,000 56,000,000 63,000,000 101,000,000
Realized and unrealized gains on financial instruments, net (note 6) (174,000,000) (103,000,000) (377,000,000) (118,000,000)
Gains (losses) on dispositions, net (note 8)     288,000,000  
Other, net (2,000,000) 0 35,000,000 (8,000,000)
Total other income (expense) (166,000,000) (73,000,000) (74,000,000) (104,000,000)
Earnings (loss) before income taxes (170,000,000) (74,000,000) (79,000,000) (107,000,000)
Income tax expense 80,000,000 30,000,000 71,000,000 45,000,000
Earnings (loss) from continuing operations   (44,000,000)   (62,000,000)
Earnings (loss) from discontinued operations, net of taxes   0   0
Net earnings (loss) (90,000,000) (44,000,000) (8,000,000) (62,000,000)
Less net earnings (losses) attributable to the noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to Liberty Media Corporation shareholders $ (90,000,000) $ (44,000,000) $ (8,000,000) $ (62,000,000)