Annual report pursuant to Section 13 and 15(d)

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

v2.4.0.6
Investments In Affiliates Accounted For Using The Equity Method (Tables)
 12 Months Ended
Dec. 31, 2012
Investments In Affiliates Accounted For Using The Equity Method  
Schedule Of Equity Ownership And Carrying Amount
 
December 31, 2012
 
December 31, 2011
 
Percentage
ownership
 
Market
value
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in millions
Interactive Group
 
 
 
 
 
 
 
HSN
37
%
 
$
1,102

 
$
242

 
217

Other
various

 
N/A

 
$
62

 
13

Total Interactive Group
 

 
 

 
$
304

 
230

Ventures Group
 
 
 
 
 
 
 
Expedia (1)(2)(3)
17
%
 
$
1,389

 
$
431

 
621

TripAdvisor (1)(4)
N/A

 
N/A

 
N/A

 
184

Other
various

 
N/A

 
116

 
100

Total Ventures Group
 
 
 
 
547

 
905

Consolidated Liberty
 
 
 
 
$
851

 
1,135

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents Liberty's share of earnings (losses) of affiliates:
 
 
Years ended December 31,
 
 
2012
 
2011
 
2010
 
amounts in millions
Interactive Group
 
 
 
 
 
 
HSN
 
$
40

 
38

 
31

Other
 
(12
)
 
(15
)
 
(23
)
Total Interactive Group
 
28

 
23

 
8

Ventures Group
 
 
 
 
 
 
Expedia, Inc. (1)(2)(3)
 
67

 
119

 
103

TripAdvisor (1)(4)
 
38

 
—

 
—

Other
 
(48
)
 
(2
)
 
1

Total Ventures Group
 
57

 
117

 
104

Consolidated Liberty
 
$
85

 
140

 
112

Expedia Consolidated Balance Sheets
Expedia Consolidated Balance Sheets
 
December 31, 2012
 
December 31, 2011
 
amounts in millions
Current assets
$
2,615

 
2,275

Property and equipment, net
409

 
320

Goodwill
3,016

 
2,877

Intangible assets
821

 
744

Other assets
224

 
289

Total assets
$
7,085

 
6,505

Current liabilities
$
2,982

 
2,553

Deferred income taxes
324

 
280

Long-term debt
1,249

 
1,249

Other liabilities
141

 
118

Noncontrolling interest
109

 
105

Equity
2,280

 
2,200

Total liabilities and equity
$
7,085

 
6,505

Expedia Consolidated Statement Of Operations
Expedia Consolidated Statements of Operations
 
Years ended December 31,
 
2012
 
2011
 
2010
 
amounts in millions
Revenue
$
4,030

 
3,449

 
3,034

Cost of revenue
(899
)
 
(761
)
 
(685
)
Gross profit
3,131

 
2,688

 
2,349

Selling, general and administrative expenses
(2,551
)
 
(2,186
)
 
(1,825
)
Amortization
(32
)
 
(22
)
 
(23
)
Restructuring charges and other
(116
)
 
—

 
—

Operating income
432

 
480

 
501

Interest expense
(88
)
 
(91
)
 
(66
)
Other income (expense), net
6

 
13

 
(10
)
Income tax (expense) benefit
(47
)
 
(76
)
 
(120
)
Income (loss) from continuing operations
303

 
326

 
305

Discontinued operations, net of tax
(23
)
 
148

 
120

Net earnings (loss)
280

 
474

 
425

Less net earnings (loss) attributable to noncontrolling interests
—

 
(2
)
 
(4
)
Net earnings (loss) attributable to Expedia, Inc. 
$
280

 
472

 
421