Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v2.4.0.8
Condensed Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Net retail sales $ 2,330 $ 2,225 $ 7,247 $ 7,026
Operating costs and expenses:        
Cost of sales (exclusive of depreciation shown separately below) 1,488 1,423 4,602 4,469
Operating 203 203 633 611
Selling, general and administrative, including stock-based compensation 234 229 768 734
Impairment of intangible assets   19 7 19
Depreciation and amortization 166 154 493 463
Total operating costs and expenses 2,091 2,028 6,503 6,296
Operating income (loss) 239 197 744 730
Other income (expense):        
Interest expense (99) (89) (292) (295)
Share of earnings (losses) of affiliates, net 36 29 38 25
Realized and unrealized gains (losses) on financial instruments, net 18 15 (48) (49)
Other, net (38) 5 (28) (36)
Total other income (expense) (83) (40) (330) (355)
Earnings (loss) before income taxes 156 157 414 375
Income tax (expense) benefit (27) (35) (107) (81)
Net earnings (loss) from continuing operations 129 122 307 294
Net earnings (loss) from discontinued operations, net of tax 10 9 48 40
Net earnings (loss) 139 131 355 334
Less net earnings (losses) attributable to the noncontrolling interests 19 18 76 74
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders 120 113 279 260
Interactive Group
        
Revenue:        
Net retail sales 2,330 2,225 7,247 7,026
Operating costs and expenses:        
Cost of sales (exclusive of depreciation shown separately below) 1,488 1,423 4,602 4,469
Operating 203 203 633 611
Selling, general and administrative, including stock-based compensation 226 224 751 719
Impairment of intangible assets     7 19
Depreciation and amortization 166 154 493 463
Total operating costs and expenses 2,083 2,023 6,486 6,281
Operating income (loss) 247 202 761 745
Other income (expense):        
Interest expense (80) (71) (235) (224)
Share of earnings (losses) of affiliates, net 13 13 41 33
Realized and unrealized gains (losses) on financial instruments, net 2 (18) 9 (1)
Other, net (46)   (46) (55)
Total other income (expense) (111) (76) (231) (247)
Earnings (loss) before income taxes 136 126 530 498
Income tax (expense) benefit (41) (38) (190) (172)
Net earnings (loss) from continuing operations 95 88 340 326
Net earnings (loss) from discontinued operations, net of tax (4) (3) (15) (12)
Net earnings (loss) 91 85 325 314
Less net earnings (losses) attributable to the noncontrolling interests 8 8 27 33
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders 83 77 298 281
Earnings (Loss) Per Common Share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.18 $ 0.16 $ 0.64 $ 0.56
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.18 $ 0.16 $ 0.63 $ 0.55
Earnings Per Share, Basic $ 0.17 $ 0.15 $ 0.61 $ 0.54
Earnings Per Share, Diluted $ 0.17 $ 0.15 $ 0.60 $ 0.53
Ventures Group
        
Operating costs and expenses:        
Selling, general and administrative, including stock-based compensation 8 5 17 15
Total operating costs and expenses 8 5 17 15
Operating income (loss) (8) (5) (17) (15)
Other income (expense):        
Interest expense (19) (18) (57) (71)
Share of earnings (losses) of affiliates, net 23 16 (3) (8)
Realized and unrealized gains (losses) on financial instruments, net 16 33 (57) (48)
Other, net 8 5 18 19
Total other income (expense) 28 36 (99) (108)
Earnings (loss) before income taxes 20 31 (116) (123)
Income tax (expense) benefit 14 3 83 91
Net earnings (loss) from continuing operations 34 34 (33) (32)
Net earnings (loss) from discontinued operations, net of tax 14 12 63 52
Net earnings (loss) 48 46 30 20
Less net earnings (losses) attributable to the noncontrolling interests 11 10 49 41
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 37 $ 36 $ (19) $ (21)
Earnings (Loss) Per Common Share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.47 $ 0.47 $ (0.45) $ (0.44)
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.46 $ 0.46 $ (0.45) $ (0.44)
Earnings Per Share, Basic $ 0.51 $ 0.50 $ (0.26) $ (0.29)
Earnings Per Share, Diluted $ 0.50 $ 0.49 $ (0.26) $ (0.29)