Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v2.4.0.8
Investments In Affiliates Accounted For Using The Equity Method (Tables)
 9 Months Ended
Sep. 30, 2013
Investments In Affiliates Accounted For Using The Equity Method  
Schedule Of Equity Ownership And Carrying Amount
Liberty has various investments accounted for using the equity method. The following table includes Liberty's carrying amount, fair value, and percentage ownership of the more significant investments in affiliates at September 30, 2013 and the carrying amount at December 31, 2012:
 
September 30, 2013
 
December 31, 2012
 
Percentage
ownership
 
Fair value (Level 1)
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in millions
Interactive Group
 
 
 
 
 
 
 
    HSN, Inc.
38
%
 
$
1,073

 
$
283

 
242

    Other
various

 
NA

 
52

 
62

        Total Interactive Group
 
 
 
 
335

 
304

Ventures Group
 
 
 
 
 
 
 
    Expedia, Inc. (1)
17
%
 
1,196

 
465

 
431

    Other (2)
various

 
NA

 
425

 
116

        Total Ventures Group
 
 
 
 
890

 
547

Consolidated Liberty
 

 
 

 
$
1,225

 
851

(1)
Liberty's 22% owned consolidated subsidiary TripAdvisor, Inc. earned revenue of approximately $56 million and $171 million for the three and nine months ended September 30, 2013, respectively, and $57 million and $164 million for the three and nine months ended September 30, 2012, respectively, from Expedia, Inc. (TripAdvisor's former parent).
Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents Liberty's share of earnings (losses) of affiliates:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2013
 
2012
 
2013
 
2012
 
amounts in millions
Interactive Group
 
 
 
 
 
 
 
    HSN, Inc.
$
15

 
10

 
46

 
34

    Other
(2
)
 
(4
)
 
(13
)
 
(8
)
        Total Interactive Group
13

 
6

 
33

 
26

Ventures Group
 
 
 
 
 
 
 
    Expedia, Inc.
27

 
41

 
17

 
65

    TripAdvisor, Inc. (1)
NA

 
10

 
NA

 
33

    Other
(11
)
 
(14
)
 
(25
)
 
(35
)
        Total Ventures Group
16

 
37

 
(8
)
 
63

Consolidated Liberty
$
29

 
43

 
25

 
89

(1)
On December 11, 2012, we acquired approximately 4.8 million additional shares of common stock of TripAdvisor (an additional 4% equity ownership interest), for $300 million, and obtained voting control of TripAdvisor. Following the date of this transaction, TripAdvisor is accounted for as a consolidated subsidiary. See note 1 for additional details of this transaction.