Annual report pursuant to Section 13 and 15(d)

Basis of Presentation (Details)

v2.4.0.6
Basis of Presentation (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 11, 2012
Revenue, Net $ 3,179 $ 2,196 $ 2,365 $ 2,314 $ 3,079 $ 2,133 $ 2,245 $ 2,159 $ 10,054 $ 9,616 $ 8,932  
Current assets 5,258       3,120       5,258 3,120    
Fair value of ownerhsip interest held prior to transaction (1,004)       0       (1,004) 0 0 1,004
Controlling interest acquired                       300
Noncontrolling interest                       4,341
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net                       5,645
Cash and cash equivalents                       411
Receivables                       116
Other assets                       233
Goodwill                       3,649
Intangible assets subject to amortization                       1,195
Debt                       (417)
Other liabilities assumed                       (151)
Deferred tax liabilities                       (1,191)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangibles                       5,645
Investments in equity method affiliates 851       1,135       851 1,135    
Intangibles subject to amortization 3,117       2,209       3,117 2,209    
Other assets 95       78       95 78    
Total assets 26,255       17,339       26,255 17,339    
Long-term debt 7,884       6,039       7,884 6,039    
Noncontrolling interests in equity of subsidiaries 4,489       134       4,489 134    
Equity 7,562       6,493       7,562 6,493    
Operating Income (Loss) 371 189 290 258 408 224 288 213 1,108 1,133 1,108  
Income Tax Expense (Benefit)                 394 352 128  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 1,591 965 1,937  
Net Income (Loss) Attributable to Noncontrolling Interest                 61 53 45  
Net Income (Loss) Attributable to Parent                 1,530 912 1,892  
Pro Forma [Member]
                        
Revenue, Net                 10,781 10,253 9,417  
Current assets         3,398         3,398    
Investments in equity method affiliates         951         951    
Intangibles not subject to amortization         13,945         13,945    
Intangibles subject to amortization         3,404         3,404    
Other assets         2,426         2,426    
Total assets         24,124         24,124    
Long-term debt         5,230         5,230    
Other liabilities         7,211         7,211    
Noncontrolling interests in equity of subsidiaries         4,479         4,479    
Equity         7,204         7,204    
Operating Income (Loss)                 1,230 1,177 1,055  
Income Tax Expense (Benefit)                 (415) (359) (107)  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 877 623 802  
Net Income (Loss) Attributable to Noncontrolling Interest                 126 81 18  
Segment, Liberty Capital [Member] | Pro Forma [Member]
                        
Net Income (Loss) Attributable to Parent                   10 28  
Segment, Liberty Starz [Member] | Pro Forma [Member]
                        
Net Income (Loss) Attributable to Parent                   0 0  
Segment, Liberty Interactive [Member] | Pro Forma [Member]
                        
Net Income (Loss) Attributable to Parent                 304 532 756  
Interactive Group [Member]
                        
Revenue, Net                 10,018 9,616 8,932  
Investments in equity method affiliates 304 [1]       230 [1]       304 [1] 230 [1]    
Total assets 15,115       15,424       15,115 15,424    
Long-term debt 4,542       3,596       4,542 3,596    
Operating Income (Loss)                 1,124      
Income Tax Expense (Benefit)                 (352)      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 529 958 1,973  
Net Income (Loss) Attributable to Noncontrolling Interest                 63      
Net Income (Loss) Attributable to Parent 174 38             466      
Income (Loss) from Continuing Operations, Per Basic Share                 $ 0.39      
Income (Loss) from Continuing Operations, Per Diluted Share                 $ 0.38      
Interactive Group [Member] | Pro Forma [Member]
                        
Net Income (Loss) Attributable to Parent                 212      
Income (Loss) from Continuing Operations, Per Basic Share                 $ 0.39      
Income (Loss) from Continuing Operations, Per Diluted Share                 $ 0.38      
Ventures Group [Member]
                        
Revenue, Net                 36 0 0  
Investments in equity method affiliates 547       905       547 905    
Total assets 11,296       2,070       11,296 2,070    
Long-term debt 3,342       2,443       3,342 2,443    
Operating Income (Loss)                 (16)      
Income Tax Expense (Benefit)                 (42)      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 1,062 7 (36)  
Net Income (Loss) Attributable to Noncontrolling Interest                 (2)      
Net Income (Loss) Attributable to Parent 1,072 (48)             1,064      
Income (Loss) from Continuing Operations, Per Basic Share                 $ 31.03      
Income (Loss) from Continuing Operations, Per Diluted Share                 $ 31.03      
Ventures Group [Member] | Pro Forma [Member]
                        
Net Income (Loss) Attributable to Parent                 235      
Income (Loss) from Continuing Operations, Per Basic Share                 $ 7.12      
Income (Loss) from Continuing Operations, Per Diluted Share                 $ 7.12      
TripAdvisor, Inc. [Member] | Ventures Group [Member]
                        
Investments in equity method affiliates         184 [2]         184 [2]    
TripAdvisor, Inc. [Member]
                        
Tradenames                       1,800
TripAdvisor, Inc. [Member] | Ventures Group [Member]
                        
Revenue, Net                 36 0 0  
Investments in equity method affiliates 0       0       0 0    
Total assets 7,377       0       7,377 0    
TripAdvisor, Inc. [Member]
                        
Purchase of shares in equity method investee 4.8                      
ownership percentage acquired                       4.00%
Controlling interest acquired                       300
Ownership Interest In Investee                       22.00%
Business Acquisition, Percentage of Voting Interests Acquired                       57.00%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 800                      
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners                       78.00%
Segment, Liberty Starz [Member]
                        
Net Income (Loss) Attributable to Parent         0 58 67 52   177 206  
Income (Loss) from Continuing Operations, Per Basic Share         $ 0.00 $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ 0.00  
Income (Loss) from Continuing Operations, Per Diluted Share         $ 0.00 $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ 0.00  
Segment, Liberty Starz [Member] | Pro Forma [Member]
                        
Income (Loss) from Continuing Operations, Per Basic Share                   $ 0.00 $ 0.00  
Income (Loss) from Continuing Operations, Per Diluted Share                   $ 0.00 $ 0.00  
Segment, Liberty Capital [Member]
                        
Net Income (Loss) Attributable to Parent         0 (90) 8 293   211 815  
Income (Loss) from Continuing Operations, Per Basic Share         $ 0.00 $ 0.00 $ 0.00 $ 0.12   $ 0.12 $ 0.31  
Income (Loss) from Continuing Operations, Per Diluted Share         $ 0.00 $ 0.00 $ 0.00 $ 0.12   $ 0.12 $ 0.30  
Segment, Liberty Capital [Member] | Pro Forma [Member]
                        
Income (Loss) from Continuing Operations, Per Basic Share                   $ 0.12 $ 0.31  
Income (Loss) from Continuing Operations, Per Diluted Share                   $ 0.12 $ 0.30  
Segment, Liberty Interactive [Member]
                        
Net Income (Loss) Attributable to Parent   $ (31) $ 234 $ 91 $ 285 $ 13 $ 182 $ 44 $ 294 $ 524 $ 871  
Income (Loss) from Continuing Operations, Per Basic Share         $ 0.49 $ 0.02 $ 0.30 $ 0.07 $ 0.53 $ 0.88 $ 1.28  
Income (Loss) from Continuing Operations, Per Diluted Share         $ 0.48 $ 0.02 $ 0.30 $ 0.07 $ 0.52 $ 0.87 $ 1.26  
Segment, Liberty Interactive [Member] | Pro Forma [Member]
                        
Income (Loss) from Continuing Operations, Per Basic Share                 $ 0.54 $ 0.89 $ 1.27  
Income (Loss) from Continuing Operations, Per Diluted Share                 $ 0.54 $ 0.88 $ 1.25  
[1] During the years ended December 31, 2012 and 2011, Expedia, Inc. paid dividends aggregating $23 million and $19 million, respectively, which were recorded as reductions to the investment balance.
[2] In May 2012, Liberty sold approximately 8.5 million shares of TripAdvisor for cash proceeds of $338 million. The sale resulted in a $288 million gain recorded in gain (losses) on transactions, net, based on the average cost, in the statement of operations. On December 11, 2012, we acquired approximately 4.8 million additional shares of common stock of TripAdvisor (an additional 4% equity ownership interest), for $300 million, and obtained voting control of TripAdvisor, see note 1 for additional details of the fourth quarter transaction with TripAdvisor.