Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v2.4.0.8
Condensed Consolidated Statements Of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Net retail sales $ 2,400,000,000 $ 2,365,000,000 $ 4,834,000,000 $ 4,679,000,000
Other revenue 247,000,000 0 477,000,000 0
Total revenue 2,647,000,000 2,365,000,000 5,311,000,000 4,679,000,000
Cost of sales (exclusive of depreciation shown separately below) 1,521,000,000 1,488,000,000 3,074,000,000 2,954,000,000
Operating costs and expenses:        
Operating 243,000,000 199,000,000 487,000,000 407,000,000
Selling, general and administrative, including stock-based compensation (note 4) 362,000,000 241,000,000 728,000,000 480,000,000
Depreciation and amortization 237,000,000 147,000,000 467,000,000 290,000,000
Total operating costs and expenses 2,363,000,000 2,075,000,000 4,756,000,000 4,131,000,000
Operating income (loss) 284,000,000 290,000,000 555,000,000 548,000,000
Other income (expense):        
Interest expense (90,000,000) (107,000,000) (201,000,000) (213,000,000)
Share of earnings of affiliates, net (note 8) 7,000,000 35,000,000 (4,000,000) 46,000,000
Realized and unrealized gains on financial instruments, net (note 6) 9,000,000 (160,000,000) (64,000,000) (178,000,000)
Gains (losses) on dispositions, net (note 8) (2,000,000) 288,000,000 (2,000,000) 288,000,000
Other, net (15,000,000) 30,000,000 (53,000,000) 33,000,000
Total other income (expense) (91,000,000) 86,000,000 (324,000,000) (24,000,000)
Earnings (loss) from continuing operations before income taxes 193,000,000 376,000,000 231,000,000 524,000,000
Income tax expense (43,000,000) (127,000,000) (28,000,000) (170,000,000)
Net earnings (loss) 150,000,000 249,000,000 203,000,000 354,000,000
Less net earnings (losses) attributable to the noncontrolling interests 30,000,000 15,000,000 56,000,000 29,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders 120,000,000 234,000,000 147,000,000 325,000,000
Ventures Group [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders 11,000,000      
Segment, Liberty Interactive [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders   234,000,000   325,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share   0.42   0.58
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share   0.42   0.57
Liberty Ventures [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders     (57,000,000)  
Liberty Interactive [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders     204,000,000  
Interactive Group [Member]
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders 109,000,000      
Liberty Interactive [Member]
        
Other income (expense):        
Share of earnings of affiliates, net (note 8)     20,000,000 20,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share     0.39  
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share     0.38  
Liberty Ventures [Member]
        
Other income (expense):        
Share of earnings of affiliates, net (note 8)     (24,000,000) 26,000,000
Earnings (Loss) Per Common Share        
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share     (1.54)  
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share     (1.54)  
Liberty Ventures [Member]
        
Earnings (Loss) Per Common Share        
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share 0.30      
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share 0.30      
Liberty Interactive [Member]
        
Earnings (Loss) Per Common Share        
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share 0.21      
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share 0.21      
Interactive Group [Member]
        
Revenue:        
Net retail sales 2,400,000,000 2,365,000,000 4,834,000,000 4,679,000,000
Other revenue 0 0 0 0
Total revenue 2,400,000,000 2,365,000,000 4,834,000,000 4,679,000,000
Cost of sales (exclusive of depreciation shown separately below) 1,521,000,000 1,488,000,000 3,074,000,000 2,954,000,000
Operating costs and expenses:        
Operating 207,000,000 199,000,000 415,000,000 407,000,000
Selling, general and administrative, including stock-based compensation (note 4) 246,000,000 241,000,000 506,000,000 479,000,000
Depreciation and amortization 158,000,000 147,000,000 311,000,000 290,000,000
Total operating costs and expenses 2,132,000,000 2,075,000,000 4,306,000,000 4,130,000,000
Operating income (loss) 268,000,000 290,000,000 528,000,000 549,000,000
Other income (expense):        
Interest expense (70,000,000) (80,000,000) (154,000,000) (157,000,000)
Share of earnings of affiliates, net (note 8) 4,000,000 7,000,000 20,000,000 20,000,000
Realized and unrealized gains on financial instruments, net (note 6) 4,000,000 11,000,000 17,000,000 25,000,000
Gains (losses) on dispositions, net (note 8)   0 (1,000,000) 0
Other, net (14,000,000) (7,000,000) (54,000,000) (4,000,000)
Total other income (expense) (77,000,000) (69,000,000) (172,000,000) (116,000,000)
Earnings (loss) before income taxes 191,000,000 221,000,000 356,000,000 433,000,000
Income tax expense (69,000,000) (82,000,000) (127,000,000) (161,000,000)
Net earnings (loss) 122,000,000 139,000,000 229,000,000 272,000,000
Less net earnings (losses) attributable to the noncontrolling interests 13,000,000 15,000,000 25,000,000 29,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders 109,000,000 124,000,000 204,000,000 243,000,000
Ventures Group [Member]
        
Revenue:        
Net retail sales 0 0 0 0
Other revenue 247,000,000 0 477,000,000 0
Total revenue 247,000,000 0 477,000,000 0
Cost of sales (exclusive of depreciation shown separately below) 0 0 0 0
Operating costs and expenses:        
Operating 36,000,000 0 72,000,000 0
Selling, general and administrative, including stock-based compensation (note 4) 116,000,000 0 222,000,000 1,000,000
Depreciation and amortization 79,000,000 0 156,000,000 0
Total operating costs and expenses 231,000,000 0 450,000,000 1,000,000
Operating income (loss) 16,000,000 0 27,000,000 (1,000,000)
Other income (expense):        
Interest expense (20,000,000) (27,000,000) (47,000,000) (56,000,000)
Share of earnings of affiliates, net (note 8) 3,000,000 28,000,000 (24,000,000) 26,000,000
Realized and unrealized gains on financial instruments, net (note 6) 5,000,000 (171,000,000) (81,000,000) (203,000,000)
Gains (losses) on dispositions, net (note 8)   288,000,000 (1,000,000) 288,000,000
Other, net (1,000,000) 37,000,000 1,000,000 37,000,000
Total other income (expense) (14,000,000) 155,000,000 (152,000,000) 92,000,000
Earnings (loss) before income taxes 2,000,000 155,000,000 (125,000,000) 91,000,000
Income tax expense 26,000,000 (45,000,000) 99,000,000 (9,000,000)
Net earnings (loss) 28,000,000 110,000,000 (26,000,000) 82,000,000
Less net earnings (losses) attributable to the noncontrolling interests 17,000,000 0 31,000,000 0
Net earnings (loss) attributable to Liberty Media Corporation shareholders $ 11,000,000 $ 110,000,000 $ (57,000,000) $ 82,000,000