| Performance Measures By Segment |
Performance Measures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended
September 30, |
|
2012 |
|
2011 |
|
Revenue |
|
Adjusted
OIBDA
|
|
Revenue |
|
Adjusted
OIBDA
|
|
amounts in millions |
QVC |
$ |
5,824 |
|
|
1,225 |
|
|
5,619 |
|
|
1,154 |
|
E-commerce |
1,051 |
|
|
61 |
|
|
918 |
|
|
74 |
|
Expedia, Inc. |
3,055 |
|
|
623 |
|
|
2,662 |
|
|
561 |
|
Corporate and other |
— |
|
|
(20 |
) |
|
— |
|
|
(23 |
) |
Total |
9,930 |
|
|
1,889 |
|
|
9,199 |
|
|
1,766 |
|
Eliminate equity method affiliates |
(3,055 |
) |
|
(623 |
) |
|
(2,662 |
) |
|
(561 |
) |
Consolidated |
$ |
6,875 |
|
|
1,266 |
|
|
6,537 |
|
|
1,205 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
2012 |
|
2011 |
|
Revenue |
|
Adjusted
OIBDA
|
|
Revenue |
|
Adjusted
OIBDA
|
|
amounts in millions |
QVC |
$ |
1,918 |
|
|
397 |
|
|
1,886 |
|
|
373 |
|
E-commerce |
278 |
|
|
4 |
|
|
247 |
|
|
9 |
|
Expedia, Inc. |
1,199 |
|
|
298 |
|
|
1,021 |
|
|
279 |
|
Corporate and other |
— |
|
|
(8 |
) |
|
— |
|
|
(5 |
) |
Total |
3,395 |
|
|
691 |
|
|
3,154 |
|
|
656 |
|
Eliminate equity method affiliates |
(1,199 |
) |
|
(298 |
) |
|
(1,021 |
) |
|
(279 |
) |
Consolidated |
$ |
2,196 |
|
|
393 |
|
|
2,133 |
|
|
377 |
|
|
| Other Information By Segment |
Other Information
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2012 |
|
Total
assets
|
|
Investments
in
affiliates
|
|
Capital
expenditures
|
|
amounts in millions |
QVC |
$ |
13,051 |
|
|
53 |
|
|
165 |
|
E-commerce |
1,533 |
|
|
11 |
|
|
72 |
|
Expedia, Inc. |
7,508 |
|
|
— |
|
|
— |
|
Corporate and other |
3,959 |
|
|
1,245 |
|
|
— |
|
Total |
26,051 |
|
|
1,309 |
|
|
237 |
|
Eliminate equity method affiliates |
(7,508 |
) |
|
— |
|
|
— |
|
Consolidated |
$ |
18,543 |
|
|
1,309 |
|
|
237 |
|
|
| Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes |
The following table provides a reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
Nine months ended
September 30, |
|
2012 |
|
2011 |
|
2012 |
|
2011 |
|
amounts in millions |
Consolidated segment Adjusted OIBDA |
$ |
393 |
|
|
377 |
|
|
1,266 |
|
|
1,205 |
|
Stock-based compensation |
(18 |
) |
|
(2 |
) |
|
(53 |
) |
|
(32 |
) |
Impairment of goodwill |
(39 |
) |
|
— |
|
|
(39 |
) |
|
— |
|
Depreciation and amortization |
(147 |
) |
|
(151 |
) |
|
(437 |
) |
|
(448 |
) |
Interest expense |
(111 |
) |
|
(105 |
) |
|
(324 |
) |
|
(326 |
) |
Share of earnings (loss) of affiliates, net |
43 |
|
|
62 |
|
|
89 |
|
|
119 |
|
Realized and unrealized gains (losses) on financial instruments, net |
(160 |
) |
|
(91 |
) |
|
(338 |
) |
|
(61 |
) |
Gains (losses) on dispositions, net |
— |
|
|
— |
|
|
288 |
|
|
— |
|
Other, net |
(2 |
) |
|
(9 |
) |
|
31 |
|
|
12 |
|
Earnings (loss) from continuing operations before income taxes |
$ |
(41 |
) |
|
81 |
|
|
483 |
|
|
469 |
|
|