Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.4.0.3
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Total revenue, net $ 2,510 $ 2,214
Operating costs and expenses:    
Cost of sales 1,626 1,415
Operating expenses 170 160
Selling, general and administrative, including stock-based compensation 308 235
Depreciation and amortization 217 168
Total operating costs and expenses 2,321 1,978
Operating income (loss) 189 236
Other income (expense):    
Interest expense (93) (95)
Share of earnings (losses) of affiliates, net (21) 3
Realized and unrealized gains (losses) on financial instruments, net (7) (4)
Other, net 34 15
Total other income (expense) (87) (81)
Earnings (loss) before income taxes 102 155
Income tax (expense) benefit (31) (3)
Net earnings (loss) 71 152
Less net earnings (losses) attributable to the noncontrolling interests 8 9
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders 63 143
QVC Group Common Stock    
Revenue:    
Total revenue, net 2,367 1,938
Operating costs and expenses:    
Cost of sales 1,535 1,221
Operating expenses 153 138
Selling, general and administrative, including stock-based compensation 264 190
Depreciation and amortization 209 152
Total operating costs and expenses 2,161 1,701
Operating income (loss) 206 237
Other income (expense):    
Interest expense (76) (75)
Share of earnings (losses) of affiliates, net 21 24
Realized and unrealized gains (losses) on financial instruments, net (1) (10)
Other, net 5 8
Total other income (expense) (51) (53)
Earnings (loss) before income taxes 155 184
Income tax (expense) benefit (57) (24)
Net earnings (loss) 98 160
Less net earnings (losses) attributable to the noncontrolling interests 8 9
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 90 $ 151
Earnings (Loss) Per Common Share    
Earnings Per Share, Basic $ 0.19 $ 0.32
Earnings Per Share, Diluted $ 0.18 $ 0.31
Liberty Ventures common stock    
Revenue:    
Total revenue, net $ 143 $ 276
Operating costs and expenses:    
Cost of sales 91 194
Operating expenses 17 22
Selling, general and administrative, including stock-based compensation 44 45
Depreciation and amortization 8 16
Total operating costs and expenses 160 277
Operating income (loss) (17) (1)
Other income (expense):    
Interest expense (17) (20)
Share of earnings (losses) of affiliates, net (42) (21)
Realized and unrealized gains (losses) on financial instruments, net (6) 6
Other, net 29 7
Total other income (expense) (36) (28)
Earnings (loss) before income taxes (53) (29)
Income tax (expense) benefit 26 21
Net earnings (loss) (27) (8)
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ (27) $ (8)
Earnings (Loss) Per Common Share    
Earnings Per Share, Basic $ (0.19) $ (0.06)
Earnings Per Share, Diluted $ (0.19) $ (0.06)