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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Net retail sales $ 2,495 $ 2,400 $ 4,942 $ 4,834
Other revenue 323 247 604 477
Total revenue 2,818 2,647 5,546 5,311
Operating costs and expenses:        
Cost of sales (exclusive of depreciation shown separately below) 1,568 1,521 3,134 3,074
Operating, including stock-based compensation 270 243 535 487
Selling, general and administrative, including stock-based compensation 447 362 836 728
Goodwill and Intangible Asset Impairment 7 0 7 0
Depreciation and amortization 237 237 469 467
Total operating costs and expenses 2,529 2,363 4,981 4,756
Operating income (loss) 289 284 565 555
Other income (expense):        
Interest expense (100) (90) (199) (201)
Share of earnings 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)
Total other income (expense) (134) (91) (252) (324)
Earnings (loss) before income taxes 155 193 313 231
Income tax expense (49) (43) (97) (28)
Net earnings (loss) 106 150 216 203
Less net earnings (losses) attributable to the noncontrolling interests 29 30 57 56
Net earnings (loss) attributable to Liberty Media Corporation shareholders 77 120 159 147
Liberty Ventures
        
Earnings (Loss) Per Common Share        
Earnings Per Share, Basic $ (0.38) $ 0.15 $ (0.77) $ (0.77)
Earnings Per Share, Diluted $ (0.38) $ 0.15 $ (0.77) $ (0.77)
Liberty Interactive
        
Earnings (Loss) Per Common Share        
Earnings Per Share, Basic $ 0.22 $ 0.21 $ 0.44 $ 0.39
Earnings Per Share, Diluted $ 0.21 $ 0.21 $ 0.43 $ 0.38
Interactive Group
        
Revenue:        
Net retail sales 2,495 2,400 4,942 4,834
Other revenue 0 0 0 0
Total revenue 2,495 2,400 4,942 4,834
Operating costs and expenses:        
Cost of sales (exclusive of depreciation shown separately below) 1,568 1,521 3,134 3,074
Operating, including stock-based compensation 219 207 436 415
Selling, general and administrative, including stock-based compensation 280 246 537 506
Goodwill and Intangible Asset Impairment     7  
Depreciation and amortization 166 158 329 311
Total operating costs and expenses 2,240 2,132 4,443 4,306
Operating income (loss) 255 268 499 528
Other income (expense):        
Interest expense (79) (70) (156) (154)
Share of earnings of affiliates, net 7 4 28 20
Realized and unrealized gains (losses) on financial instruments, net 6 4 7 17
Other, net (1) (15) 0 (55)
Total other income (expense) (67) (77) (121) (172)
Earnings (loss) before income taxes     378 356
Income tax expense (74) (69) (144) (127)
Net earnings (loss) 114 122 234 229
Less net earnings (losses) attributable to the noncontrolling interests 9 13 19 25
Net earnings (loss) attributable to Liberty Media Corporation shareholders 105 109 215 204
Ventures Group
        
Revenue:        
Net retail sales 0 0 0 0
Other revenue 323 247 604 477
Total revenue 323 247 604 477
Operating costs and expenses:        
Cost of sales (exclusive of depreciation shown separately below) 0 0 0 0
Operating, including stock-based compensation 51 36 99 72
Selling, general and administrative, including stock-based compensation 167 116 299 222
Goodwill and Intangible Asset Impairment     0  
Depreciation and amortization 71 79 140 156
Total operating costs and expenses 289 231 538 450
Operating income (loss) 34 16 66 27
Other income (expense):        
Interest expense (21) (20) (43) (47)
Share of earnings of affiliates, net (3) 3 (26) (24)
Realized and unrealized gains (losses) on financial instruments, net (47) 5 (73) (81)
Other, net 4 (2) 11 0
Total other income (expense) (67) (14) (131) (152)
Earnings (loss) before income taxes     (65) (125)
Income tax expense 25 26 47 99
Net earnings (loss) (8) 28 (18) (26)
Less net earnings (losses) attributable to the noncontrolling interests 20 17 38 31
Net earnings (loss) attributable to Liberty Media Corporation shareholders (28) 11 (56) (57)
Liberty Interactive
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders     215  
Ventures Group
        
Other income (expense):        
Net earnings (loss) attributable to Liberty Media Corporation shareholders     $ (56)