| Performance Measures By Segment |
Performance Measures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
2014 |
|
2013 |
|
Revenue |
|
Adjusted
OIBDA
|
|
Revenue |
|
Adjusted
OIBDA
|
|
amounts in millions |
Interactive Group |
|
|
|
|
|
|
|
QVC |
$ |
2,014 |
|
|
439 |
|
|
1,961 |
|
|
434 |
|
E-commerce |
481 |
|
|
19 |
|
|
439 |
|
|
26 |
|
Corporate and other |
— |
|
|
(6 |
) |
|
— |
|
|
(5 |
) |
Total Interactive Group |
2,495 |
|
|
452 |
|
|
2,400 |
|
|
455 |
|
Ventures Group |
|
|
|
|
|
|
|
TripAdvisor, Inc. |
323 |
|
|
129 |
|
|
247 |
|
|
113 |
|
Corporate and other |
— |
|
|
(5 |
) |
|
— |
|
|
(3 |
) |
Total Ventures Group |
323 |
|
|
124 |
|
|
247 |
|
|
110 |
|
Consolidated Liberty |
$ |
2,818 |
|
|
576 |
|
|
2,647 |
|
|
565 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, |
|
2014 |
|
2013 |
|
Revenue |
|
Adjusted
OIBDA
|
|
Revenue |
|
Adjusted
OIBDA
|
|
amounts in millions |
Interactive Group |
|
|
|
|
|
|
|
QVC |
$ |
4,000 |
|
|
851 |
|
|
3,935 |
|
|
838 |
|
E-commerce |
942 |
|
|
42 |
|
|
899 |
|
|
65 |
|
Corporate and other |
— |
|
|
(10 |
) |
|
— |
|
|
(11 |
) |
Total Interactive Group |
4,942 |
|
|
883 |
|
|
4,834 |
|
|
892 |
|
Ventures Group |
|
|
|
|
|
|
|
TripAdvisor, Inc. |
604 |
|
|
251 |
|
|
477 |
|
|
222 |
|
Corporate and other |
— |
|
|
(8 |
) |
|
— |
|
|
(6 |
) |
Total Ventures Group |
604 |
|
|
243 |
|
|
477 |
|
|
216 |
|
Consolidated Liberty |
$ |
5,546 |
|
|
1,126 |
|
|
5,311 |
|
|
1,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, |
|
2014 |
|
2013 |
|
Revenue |
|
Adjusted
OIBDA
|
|
Revenue |
|
Adjusted
OIBDA
|
|
amounts in millions |
Interactive Group |
|
|
|
|
|
|
|
QVC |
$ |
4,000 |
|
|
851 |
|
|
3,935 |
|
|
838 |
|
E-commerce |
942 |
|
|
42 |
|
|
899 |
|
|
65 |
|
Corporate and other |
— |
|
|
(10 |
) |
|
— |
|
|
(11 |
) |
Total Interactive Group |
4,942 |
|
|
883 |
|
|
4,834 |
|
|
892 |
|
Ventures Group |
|
|
|
|
|
|
|
TripAdvisor, Inc. |
604 |
|
|
251 |
|
|
477 |
|
|
222 |
|
Corporate and other |
— |
|
|
(8 |
) |
|
— |
|
|
(6 |
) |
Total Ventures Group |
604 |
|
|
243 |
|
|
477 |
|
|
216 |
|
Consolidated Liberty |
$ |
5,546 |
|
|
1,126 |
|
|
5,311 |
|
|
1,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
2014 |
|
2013 |
|
Revenue |
|
Adjusted
OIBDA
|
|
Revenue |
|
Adjusted
OIBDA
|
|
amounts in millions |
Interactive Group |
|
|
|
|
|
|
|
QVC |
$ |
2,014 |
|
|
439 |
|
|
1,961 |
|
|
434 |
|
E-commerce |
481 |
|
|
19 |
|
|
439 |
|
|
26 |
|
Corporate and other |
— |
|
|
(6 |
) |
|
— |
|
|
(5 |
) |
Total Interactive Group |
2,495 |
|
|
452 |
|
|
2,400 |
|
|
455 |
|
Ventures Group |
|
|
|
|
|
|
|
TripAdvisor, Inc. |
323 |
|
|
129 |
|
|
247 |
|
|
113 |
|
Corporate and other |
— |
|
|
(5 |
) |
|
— |
|
|
(3 |
) |
Total Ventures Group |
323 |
|
|
124 |
|
|
247 |
|
|
110 |
|
Consolidated Liberty |
$ |
2,818 |
|
|
576 |
|
|
2,647 |
|
|
565 |
|
|
| Other Information By Segment |
Other Information
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2014 |
|
Total
assets
|
|
Investments
in
affiliates
|
|
Capital
expenditures
|
|
amounts in millions |
Interactive Group |
|
|
|
|
|
QVC |
$ |
12,648 |
|
|
50 |
|
|
57 |
|
E-commerce |
1,233 |
|
|
— |
|
|
30 |
|
Corporate and other |
465 |
|
|
313 |
|
|
— |
|
Total Interactive Group |
14,346 |
|
|
363 |
|
|
87 |
|
Ventures Group |
|
|
|
|
|
TripAdvisor |
7,321 |
|
|
— |
|
|
42 |
|
Corporate and other |
3,214 |
|
|
873 |
|
|
— |
|
Total Ventures Group |
10,535 |
|
|
873 |
|
|
42 |
|
Inter-group eliminations |
(159 |
) |
|
— |
|
|
— |
|
Consolidated Liberty |
$ |
24,722 |
|
|
1,236 |
|
|
129 |
|
|
| 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) before income taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
June 30, |
|
Six months ended
June 30, |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
|
amounts in millions |
Consolidated segment Adjusted OIBDA |
$ |
576 |
|
|
565 |
|
|
1,126 |
|
|
1,108 |
|
Stock-based compensation |
(43 |
) |
|
(44 |
) |
|
(85 |
) |
|
(86 |
) |
Impairment of intangible assets |
(7 |
) |
|
— |
|
|
(7 |
) |
|
— |
|
Depreciation and amortization |
(237 |
) |
|
(237 |
) |
|
(469 |
) |
|
(467 |
) |
Interest expense |
(100 |
) |
|
(90 |
) |
|
(199 |
) |
|
(201 |
) |
Share of earnings (loss) of affiliates, net |
4 |
|
|
7 |
|
|
2 |
|
|
(4 |
) |
Realized and unrealized gains (losses) on financial instruments, net |
(41 |
) |
|
9 |
|
|
(66 |
) |
|
(64 |
) |
Other, net |
3 |
|
|
(17 |
) |
|
11 |
|
|
(55 |
) |
Earnings (loss) before income taxes |
$ |
155 |
|
|
193 |
|
|
313 |
|
|
231 |
|
|