Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations

v2.4.0.6
Condensed Consolidated Statements Of Operations (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue:      
Net retail sales $ 10,054,000,000 $ 9,616,000,000 $ 8,932,000,000
Cost of sales 6,396,000,000 6,114,000,000 5,705,000,000
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization 6,396,000,000 6,114,000,000 5,705,000,000
Gross Profit 3,658,000,000 3,502,000,000 3,227,000,000
Operating costs and expenses:      
Operating 840,000,000 866,000,000 799,000,000
Selling, general and administrative, including stock-based compensation (note 3) 1,009,000,000 862,000,000 749,000,000
Depreciation and amortization 609,000,000 641,000,000 571,000,000
Impairment of intangible assets 92,000,000 0 0
Total operating costs and expenses 2,550,000,000 2,369,000,000 2,119,000,000
Operating income (loss) 1,108,000,000 1,133,000,000 1,108,000,000
Other income (expense):      
Interest expense (432,000,000) (427,000,000) (626,000,000)
Share of earnings of affiliates, net (note 7) 85,000,000 140,000,000 112,000,000
Realized and unrealized gains (losses) on financial instruments, net (note 5) (351,000,000) 84,000,000 62,000,000
Gains (losses) on dispositions, net 1,531,000,000 0 355,000,000
Other, net 44,000,000 9,000,000 (47,000,000)
Total other income (expense) 877,000,000 (194,000,000) (144,000,000)
Earnings from continuing operations before income taxes 1,985,000,000 939,000,000 964,000,000
Income tax expense (394,000,000) (352,000,000) (128,000,000)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 1,591,000,000 587,000,000 836,000,000
Earnings (loss) from discontinued operations, net of taxes 0 378,000,000 1,101,000,000
Net earnings (loss) 1,591,000,000 965,000,000 1,937,000,000
Less net earnings (losses) attributable to the noncontrolling interests 61,000,000 53,000,000 45,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders 1,530,000,000 912,000,000 1,892,000,000
Interactive Group [Member]
      
Revenue:      
Net retail sales   9,616,000,000 8,932,000,000
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization   6,114,000,000 5,705,000,000
Gross Profit   3,502,000,000 3,227,000,000
Operating costs and expenses:      
Operating   866,000,000 799,000,000
Selling, general and administrative, including stock-based compensation (note 3)   858,000,000 746,000,000
Depreciation and amortization   641,000,000 571,000,000
Total operating costs and expenses   2,365,000,000 2,116,000,000
Operating income (loss)   1,137,000,000 1,111,000,000
Other income (expense):      
Interest expense   317,000,000 515,000,000
Share of earnings of affiliates, net (note 7)   23,000,000 8,000,000
Realized and unrealized gains (losses) on financial instruments, net (note 5)   75,000,000 117,000,000
Gains (losses) on dispositions, net     355,000,000
Other, net   15,000,000 (44,000,000)
Total other income (expense)   (204,000,000) (79,000,000)
Earnings from continuing operations before income taxes   933,000,000 1,032,000,000
Income tax expense   353,000,000 160,000,000
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest   580,000,000 872,000,000
Earnings (loss) from discontinued operations, net of taxes   378,000,000 1,101,000,000
Net earnings (loss)   958,000,000 1,973,000,000
Less net earnings (losses) attributable to the noncontrolling interests   53,000,000 45,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders   905,000,000 1,928,000,000
Ventures Group [Member]
      
Revenue:      
Net retail sales   0 0
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization   0 0
Gross Profit   0 0
Operating costs and expenses:      
Operating   0 0
Selling, general and administrative, including stock-based compensation (note 3)   4,000,000 3,000,000
Depreciation and amortization   0 0
Total operating costs and expenses   4,000,000 3,000,000
Operating income (loss)   (4,000,000) (3,000,000)
Other income (expense):      
Interest expense   110,000,000 111,000,000
Share of earnings of affiliates, net (note 7)   117,000,000 104,000,000
Realized and unrealized gains (losses) on financial instruments, net (note 5)   9,000,000 (55,000,000)
Gains (losses) on dispositions, net     0
Other, net   (6,000,000) (3,000,000)
Total other income (expense)   10,000,000 (65,000,000)
Earnings from continuing operations before income taxes   6,000,000 (68,000,000)
Income tax expense   (1,000,000) (32,000,000)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest   7,000,000 (36,000,000)
Earnings (loss) from discontinued operations, net of taxes   0 0
Net earnings (loss)   7,000,000 (36,000,000)
Less net earnings (losses) attributable to the noncontrolling interests   0 0
Net earnings (loss) attributable to Liberty Media Corporation shareholders   7,000,000 (36,000,000)
Segment, Liberty Capital [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders   211,000,000 815,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.12 $ 0.31
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.12 $ 0.30
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   2.60 9.06
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   2.54 8.76
Segment, Liberty Starz [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders   177,000,000 206,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.00 $ 0.00
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4):   $ 0.00 $ 0.00
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   3.47 4.12
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4)   3.34 3.96
Segment, Liberty Interactive [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders 294,000,000 524,000,000 871,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 0.53 $ 0.88 $ 1.28
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 0.52 $ 0.87 $ 1.26
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 0.53 0.88 1.46
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 0.52 0.87 1.44
Interactive Group [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders 212,000,000    
Ventures Group [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders 1,024,000,000    
Ventures Group [Member]
      
Revenue:      
Net retail sales 36,000,000    
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization 0    
Gross Profit 36,000,000    
Operating costs and expenses:      
Operating 7,000,000    
Selling, general and administrative, including stock-based compensation (note 3) 32,000,000    
Depreciation and amortization 13,000,000 0 0
Impairment of intangible assets 0    
Total operating costs and expenses 52,000,000    
Operating income (loss) (16,000,000)    
Other income (expense):      
Interest expense 110,000,000    
Share of earnings of affiliates, net (note 7) 57,000,000 117,000,000 104,000,000
Realized and unrealized gains (losses) on financial instruments, net (note 5) (402,000,000)    
Gains (losses) on dispositions, net 1,531,000,000    
Other, net 44,000,000    
Total other income (expense) 1,120,000,000    
Earnings from continuing operations before income taxes 1,104,000,000    
Income tax expense 42,000,000    
Earnings (loss) from discontinued operations, net of taxes   0 0
Net earnings (loss) 1,062,000,000 7,000,000 (36,000,000)
Less net earnings (losses) attributable to the noncontrolling interests (2,000,000)    
Net earnings (loss) attributable to Liberty Media Corporation shareholders 1,064,000,000    
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 31.03    
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 31.03    
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 31.03    
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 31.03    
Interactive Group [Member]
      
Revenue:      
Net retail sales 10,018,000,000    
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization 6,396,000,000    
Gross Profit 3,622,000,000    
Operating costs and expenses:      
Operating 833,000,000    
Selling, general and administrative, including stock-based compensation (note 3) 977,000,000    
Depreciation and amortization 596,000,000 641,000,000 571,000,000
Impairment of intangible assets 92,000,000    
Total operating costs and expenses 2,498,000,000    
Operating income (loss) 1,124,000,000    
Other income (expense):      
Interest expense 322,000,000    
Share of earnings of affiliates, net (note 7) 28,000,000 23,000,000 8,000,000
Realized and unrealized gains (losses) on financial instruments, net (note 5) 51,000,000    
Gains (losses) on dispositions, net 0    
Other, net 0    
Total other income (expense) (243,000,000)    
Earnings from continuing operations before income taxes 881,000,000    
Income tax expense 352,000,000    
Earnings (loss) from discontinued operations, net of taxes   378,000,000 1,101,000,000
Net earnings (loss) 529,000,000 958,000,000 1,973,000,000
Less net earnings (losses) attributable to the noncontrolling interests 63,000,000    
Net earnings (loss) attributable to Liberty Media Corporation shareholders 466,000,000    
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 0.39    
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share (note 4): $ 0.38    
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) 0.39    
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share (note 4) $ 0.38