Exhibit 99.1


Unaudited Attributed Financial Information for Tracking Stock Groups
Our Liberty Interactive common stock is intended to reflect the separate performance of our Interactive Group which is comprised of our businesses engaged in video and on-line commerce, including our subsidiaries, QVC, Inc., Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC and Celebrate Interactive Holdings, Inc. and our interest in HSN, Inc. Our Liberty Ventures common stock is intended to reflect the separate performance of our Ventures Group which consists of all of our businesses not included in the Interactive Group including our consolidated subsidiary, TripAdvisor, Inc., and our interests in equity method investments of Expedia, Inc., Interval Leisure Group, Inc. and Tree.com, Inc. and available-for-sale securities Time Warner, Time Warner Cable and AOL.
The following tables present our assets and liabilities as of March 31, 2013 and revenue, expenses and cash flows as of and for the three months ended March 31, 2013 and 2012. The tables further present our assets, liabilities, revenue, expenses and cash flows that are attributed to the Interactive Group and the Ventures Group, respectively, as if those businesses and assets had been attributed to those respective groups at the beginning of each period, for comparative purposes. Therefore, the attributed earnings in the periods presented in the Unaudited Attributed Financial Information Statements are not the same as those reflected in the Liberty Interactive Corporation condensed consolidated financial statements. The earnings attributed to the Liberty Interactive common stock and and Liberty Ventures common stock for purposes of those financial statements only relate to the period after the Liberty Ventures stock was issued. The financial information in this Exhibit should be read in conjunction with our unaudited condensed consolidated financial statements for the three months ended March 31, 2013 included in this Quarterly Report on Form 10-Q.
Notwithstanding the following attribution of assets, liabilities, revenue, expenses and cash flows to the Interactive Group and the Ventures Group, our tracking stock structure does not affect the ownership or the respective legal title to our assets or responsibility for our liabilities. We and our subsidiaries are each responsible for our respective liabilities. Holders of Liberty Interactive common stock and Liberty Ventures common stock are holders of our common stock and are subject to risks associated with an investment in our company and all of our businesses, assets and liabilities. The issuance of Liberty Interactive common stock and Liberty Ventures common stock does not affect the rights of our creditors or creditors of our subsidiaries.

1

SUMMARY ATTRIBUTED FINANCIAL DATA
Interactive Group
 
March 31, 2013
 
December 31, 2012
 
amounts in millions
Summary balance sheet data:
 
 
 
Cash and cash equivalents
$
587

 
699

Trade and other receivables, net
$
814

 
1,095

Inventory
$
1,116

 
1,106

Investments in affiliates, accounted for using the equity method
$
319

 
304

Total assets
$
14,554

 
15,115

Long-term debt
$
4,409

 
4,277

Deferred income tax liabilities
$
1,267

 
1,318

Attributed net assets
$
6,792

 
7,011


 
Three months ended
 
March 31,
 
2013
 
2012
 
amounts in millions
Summary operations data:
 
 
 
Revenue
$
2,434

 
2,314

Cost of sales
(1,553
)
 
(1,466
)
Operating expenses
(208
)
 
(208
)
Selling, general and administrative expenses (1)
(260
)
 
(238
)
Depreciation and amortization
(153
)
 
(143
)
Operating income (loss)
260

 
259

Interest expense
(84
)
 
(77
)
Share of earnings (losses) of affiliates, net
16

 
13

Realized and unrealized gains (losses) on financial instruments, net
13

 
14

Other income (expense), net
(40
)
 
3

Income tax benefit (expense)
(58
)
 
(79
)
Net earnings (loss)
107

 
133

Less net earnings (loss) attributable to noncontrolling interests
12

 
14

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
95

 
119

______________________________________________
(1)
Includes stock-based compensation of $24 million and $17 million for the three months ended March 31, 2013 and 2012, respectively.

2

SUMMARY ATTRIBUTED FINANCIAL DATA (Continued)
Ventures Group
 
March 31, 2013
 
December 31, 2012
 
amounts in millions
Summary balance sheet data:
 
 
 
Cash and cash equivalents
$
783

 
1,961

Investments in available-for-sale securities and other cost investments
$
2,373

 
1,815

Investments in affiliates, accounted for using the equity method
$
551

 
547

Long-term debt, including current portion
$
3,204

 
3,342

Deferred income tax liabilities, including current portion
$
2,768

 
2,959

Attributed net assets
$
484

 
551

 
 
Three months ended
 
March 31,
 
2013
 
2012
 
amounts in millions
Summary operations data:
 
 
 
Revenue
$
230

 
—

Operating expenses (1)
(36
)
 
—

Selling, general and administrative expenses (1)
(106
)
 
(1
)
Depreciation and amortization
(77
)
 
—

Operating income (loss)
11

 
(1
)
Interest expense
(27
)
 
(29
)
Share of earnings (losses) of affiliates, net
(27
)
 
(2
)
Realized and unrealized gains (losses) on financial instruments, net
(86
)
 
(32
)
Other, net
2

 
—

Income tax benefit (expense)
73

 
36

Net earnings (loss)
(54
)
 
(28
)
Less net earnings (loss) attributable to noncontrolling interests
14

 
—

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
(68
)
 
(28
)
______________________________________________
(1)
Included in the Ventures Group statements of operations are the following amounts of stock-based compensation:
 
Three months ended March 31,
 
2013
 
2012
 
(amounts in millions)
Operating expenses
$
8

 
—

Selling, general and administrative expenses
10

 
—

 
$
18

 
—




3

BALANCE SHEET INFORMATION
March 31, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
 
 
Interactive
Group
 
Ventures Group
 
Inter-group
eliminations
 
Consolidated
Liberty
 
amounts in millions
Assets
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
587

 
783

 
—

 
1,370

Trade and other receivables, net
814

 
158

 
—

 
972

Inventory, net
1,116

 
—

 
—

 
1,116

Other current assets
238

 
493

 
(156
)
 
575

Total current assets
2,755

 
1,434

 
(156
)
 
4,033

Investments in available-for-sale securities and other cost investments (note 2)
4

 
2,373

 
—

 
2,377

Investments in affiliates, accounted for using the equity method (note 3)
319

 
551

 
—

 
870

Property and equipment, net
1,174

 
15

 
—

 
1,189

Intangible assets not subject to amortization, net
8,376

 
5,484

 
—

 
13,860

Intangible assets subject to amortization, net
1,831

 
1,085

 
—

 
2,916

Other assets, at cost, net of accumulated amortization
95

 
14

 
—

 
109

Total assets
$
14,554

 
10,956

 
(156
)
 
25,354

Liabilities and Equity
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
Intergroup payable (receivable) (note 7)
$
21

 
(21
)
 
—

 
—

Accounts payable
523

 
12

 
—

 
535

Accrued liabilities
690

 
69

 
—

 
759

Current portion of debt (note 4)
262

 
1,020

 
—

 
1,282

Deferred tax liabilities
—

 
960

 
(156
)
 
804

Other current liabilities
256

 
70

 
—

 
326

Total current liabilities
1,752

 
2,110

 
(156
)
 
3,706

Long-term debt (note 4)
4,409

 
2,184

 
—

 
6,593

Deferred income tax liabilities
1,267

 
1,808

 
—

 
3,075

Other liabilities
210

 
2

 
—

 
212

Total liabilities
7,638

 
6,104

 
(156
)
 
13,586

Equity/Attributed net assets (liabilities)
6,792

 
484

 
—

 
7,276

Noncontrolling interests in equity of subsidiaries
124

 
4,368

 
—

 
4,492

Total liabilities and equity
$
14,554

 
10,956

 
(156
)
 
25,354


4

STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
2,434

 
—

 
2,434

Other revenue
—

 
230

 
230

Total revenue
2,434

 
230

 
2,664

Operating costs and expenses:
 
 
 
 
 
Cost of sales
1,553

 
—

 
1,553

Operating, including stock-based compensation (note 5)
208

 
36

 
244

Selling, general and administrative, including stock-based compensation (note 5)
260

 
106

 
366

Depreciation and amortization
153

 
77

 
230

 
2,174

 
219

 
2,393

Operating income (loss)
260

 
11

 
271

Other income (expense):
 
 
 
 
 
Interest expense
(84
)
 
(27
)
 
(111
)
Share of earnings (losses) of affiliates, net (note 3)
16

 
(27
)
 
(11
)
Realized and unrealized gains (losses) on financial instruments, net
13

 
(86
)
 
(73
)
Other, net
(40
)
 
2

 
(38
)
 
(95
)
 
(138
)
 
(233
)
Earnings (loss) before income taxes
165

 
(127
)
 
38

Income tax benefit (expense)
(58
)
 
73

 
15

Net earnings (loss)
107

 
(54
)
 
53

Less net earnings (loss) attributable to noncontrolling interests
12

 
14

 
26

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
95

 
(68
)
 
27


5

STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2012
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
2,314

 
—

 
2,314

Other revenue
—

 
—

 
—

Total revenue
2,314

 
—

 
2,314

Operating costs and expenses:
 
 
 
 
 
Cost of sales
1,466

 
—

 
1,466

Operating
208

 
—

 
208

Selling, general and administrative, including stock-based compensation (note 5)
238

 
1

 
239

Depreciation and amortization
143

 
—

 
143

 
2,055

 
1

 
2,056

Operating income (loss)
259

 
(1
)
 
258

Other income (expense):
 

 
 

 
 
Interest expense
(77
)
 
(29
)
 
(106
)
Share of earnings (losses) of affiliates, net (note 3)
13

 
(2
)
 
11

Realized and unrealized gains (losses) on financial instruments, net
14

 
(32
)
 
(18
)
Other, net
3

 
—

 
3

 
(47
)
 
(63
)
 
(110
)
Earnings (loss) from continuing operations before income taxes
212

 
(64
)
 
148

Income tax benefit (expense)
(79
)
 
36

 
(43
)
Net earnings (loss)
133

 
(28
)
 
105

Less net earnings (loss) attributable to noncontrolling interests
14

 
—

 
14

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
119

 
(28
)
 
91


6

STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive
Group
 
Ventures Group
 
Consolidated
Liberty
 
amounts in millions
Cash flows from operating activities:
 
 
 
 
 
Net earnings (loss)
$
107

 
(54
)
 
53

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
 
 
Depreciation and amortization
153

 
77

 
230

Stock-based compensation
24

 
18

 
42

Cash payments for stock based compensation
(2
)
 
(1
)
 
(3
)
Share of losses (earnings) of affiliates, net
(16
)
 
27

 
11

Cash receipts from return on equity investments
4

 
3

 
7

Realized and unrealized gains (losses) on financial instruments, net
(13
)
 
86

 
73

Deferred income tax (benefit) expense
(27
)
 
(192
)
 
(219
)
Other, net
11

 
—

 
11

Intergroup tax allocation
41

 
(41
)
 
—

Changes in operating assets and liabilities
 
 
 
 
 
Current and other assets
259

 
(53
)
 
206

Payables and other current liabilities
(395
)
 
76

 
(319
)
Net cash provided (used) by operating activities
146

 
(54
)
 
92

Cash flows from investing activities:
 
 
 
 
 
Cash proceeds from dispositions
—

 
37

 
37

Investments in and loans to cost and equity investees
—

 
(38
)
 
(38
)
Capital expended for property and equipment
(50
)
 
(9
)
 
(59
)
Net sales (purchases) of short term and other marketable securities
—

 
(658
)
 
(658
)
Other investing activities, net
(30
)
 
(6
)
 
(36
)
Net cash provided (used) by investing activities
(80
)
 
(674
)
 
(754
)
Cash flows from financing activities:
 
 
 
 
 
Borrowings of debt
1,383

 
4

 
1,387

Repayments of debt
(1,251
)
 
(452
)
 
(1,703
)
Intergroup receipts (payments), net
2

 
(2
)
 
—

Repurchases of Liberty common stock
(252
)
 
—

 
(252
)
Other financing activities, net
(37
)
 
—

 
(37
)
Net cash provided (used) by financing activities
(155
)
 
(450
)
 
(605
)
Effect of foreign currency rates on cash
(23
)
 
—

 
(23
)
Net increase (decrease) in cash and cash equivalents
(112
)
 
(1,178
)
 
(1,290
)
Cash and cash equivalents at beginning of period
699

 
1,961

 
2,660

Cash and cash equivalents at end period
$
587

 
783

 
1,370


7

STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2012
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive
Group
 
Ventures Group
 
Consolidated
Liberty
 
amounts in millions
Cash flows from operating activities:
 
 
 
 
 
Net earnings (loss)
$
133

 
(28
)
 
105

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
 
 
Depreciation and amortization
143

 
—

 
143

Stock-based compensation
17

 
—

 
17

Share of losses (earnings) of affiliates, net
(13
)
 
2

 
(11
)
Realized and unrealized gains (losses) on financial instruments, net
(14
)
 
32

 
18

Deferred income tax (benefit) expense
(32
)
 
8

 
(24
)
Other, net
2

 
3

 
5

Intergroup tax allocation
44

 
(44
)
 
—

Changes in operating assets and liabilities
 
 
 
 
 
Current and other assets
268

 
—

 
268

Payables and other current liabilities
(170
)
 
(21
)
 
(191
)
Net cash provided (used) by operating activities
378

 
(48
)
 
330

Cash flows from investing activities:
 
 
 
 
 
Investments in and loans to cost and equity investees
—

 
(45
)
 
(45
)
Capital expended for property and equipment
(68
)
 
—

 
(68
)
Net sales (purchases) of short term and other marketable securities
38

 
—

 
38

Other investing activities, net
(17
)
 
1

 
(16
)
Net cash provided (used) by investing activities
(47
)
 
(44
)
 
(91
)
Cash flows from financing activities:
 
 
 
 
 
Borrowings of debt
245

 
—

 
245

Repayments of debt
(272
)
 
(2
)
 
(274
)
Intergroup receipts (payments), net
(94
)
 
94

 
—

Repurchases of Liberty common stock
(228
)
 
—

 
(228
)
Other financing activities, net
(27
)
 
—

 
(27
)
Net cash provided (used) by financing activities
(376
)
 
92

 
(284
)
Effect of foreign currency rates on cash
(8
)
 
—

 
(8
)
Net increase (decrease) in cash and cash equivalents
(53
)
 
—

 
(53
)
Cash and cash equivalents at beginning of period
847

 
—

 
847

Cash and cash equivalents at end period
$
794

 
—

 
794



8

Notes to Attributed Financial Information
(unaudited)
(1)
The Interactive Group is comprised of our consolidated subsidiaries QVC, Inc., Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC and Celebrate Interactive Holdings, Inc. and our interest in HSN, Inc. Accordingly, the accompanying attributed financial information for the Interactive Group includes the foregoing investments, as well as the assets, liabilities, revenue, expenses and cash flows of those consolidated subsidiaries. We have also attributed certain of our debt obligations (and related interest expense) to the Interactive Group based upon a number of factors, including the cash flow available to the Interactive Group and its ability to pay debt service and our assessment of the optimal capitalization for the Interactive Group. The specific debt obligations attributed to each of the Interactive Group and the Ventures Group are described in note 4 below. In addition, we have allocated certain corporate general and administrative expenses among the Interactive Group and the Ventures Group as described in note 5 below.

The Interactive Group focuses on video and on-line commerce businesses. Accordingly, we expect that businesses that we may acquire in the future that we believe are complementary to this strategy will also be attributed to the Interactive Group.

The Ventures Group consists of all of our businesses not included in the Interactive Group including our consolidated subsidiary TripAdvisor, Inc. and our interests in equity method investments of Expedia, Inc., Interval Leisure Group, Inc. and Tree.com, Inc. and available-for-sale securities Time Warner, Time Warner Cable and AOL. Accordingly, the accompanying attributed financial information for the Ventures Group includes these investments. In addition, we have attributed to the Ventures Group all of our senior exchangeable debentures (and related interest expense). See note 4 below for the debt obligations attributed to the Ventures Group.

Any businesses that we may acquire in the future that we do not attribute to the Interactive Group will be attributed to the Ventures Group.

(2)
Investments in available-for-sale securities, including non-strategic securities, and other cost investments are summarized as follows:
 
March 31, 2013
 
December 31, 2012
 
amounts in millions
Interactive Group
 
 
 
Other
$
4

 
4

Total Interactive Group
4

 
4

Ventures Group
 
 
 
Time Warner Inc.
1,255

 
1,042

Time Warner Cable Inc.
525

 
531

AOL
76

 
59

TripAdvisor
191

 
99

Other
326

 
84

Total Ventures Group
2,373

 
1,815

Consolidated Liberty
$
2,377

 
1,819















9

(3)
The following table presents information regarding certain equity method investments:
 
 
 
 
 
 
 
Share of earnings (losses)
 
March 31, 2013
 
Three months ended
March 31,
 
Percentage
ownership
 
Carrying
value
 
Market
value
 
 
2013
 
2012
 
dollar amounts in millions
Interactive Group
 
 
 
 
 
 
 
 
 
HSN, Inc.
37
%
 
$
261

 
1,098

 
20

 
15

Other
various

 
58

 
N/A

 
(4
)
 
(2
)
Total Interactive Group
 
 
319

 
 
 
16

 
13

Ventures Group
 
 
 
 
 
 
 
 
 
Expedia, Inc.
17
%
 
430

 
1,385

 
(20
)
 
(2
)
TripAdvisor, Inc.
NA

 
NA

 
NA

 
NA

 
11

Other
various

 
121

 
N/A

 
(7
)
 
(11
)
Total Ventures Group
 
 
551

 
 
 
(27
)
 
(2
)
Consolidated Liberty
 
 
$
870

 
 
 
(11
)
 
11

(4)
Debt attributed to the Interactive Group and the Ventures Group is comprised of the following:
 
 
March 31, 2013
 
 
Outstanding
principal
 
Carrying
value
 
 
amounts in millions
Interactive Group
 
 
 
 
5.7% Senior Notes due May 2013
$
241

 
240

 
8.5% Senior Debentures due 2029
287

 
285

 
8.25% Senior Debentures due 2030
504

 
501

 
QVC 7.125% Senior Secured Notes due 2017
376

 
376

 
QVC 7.5% Senior Secured Notes due 2019
769

 
760

 
QVC 7.375% Senior Secured Notes due 2020
500

 
500

 
QVC 5.125% Senior Secured Notes due 2022
500

 
500

 
QVC 4.375% Senior Secured Notes due 2023
750

 
750

 
QVC 5.95% Senior Secured Notes due 2043
300

 
300

 
QVC Bank Credit Facilities
328

 
328

 
Other subsidiary debt
131

 
131

        Total Interactive Group debt
4,686

 
4,671

Ventures Group
 
 
 
 
3.125% Exchangeable Senior Debentures due 2023
1,128

 
1,854

 
4% Exchangeable Senior Debentures due 2029
469

 
335

 
3.75% Exchangeable Senior Debentures due 2030
460

 
307

 
3.5% Exchangeable Senior Debentures due 2031
368

 
317

 
TripAdvisor Debt Facilities
391

 
391

        Total Ventures Group debt
2,816

 
3,204

 
Total consolidated Liberty debt
$
7,502

 
7,875

 
Less current maturities
 
 
(1,282
)
 
Total long-term debt
 
 
$
6,593



10

(5)
Cash compensation expense for our corporate employees will be allocated among the Interactive Group and the Ventures Group based on the estimated percentage of time spent providing services for each group. On a semi-annual basis estimated time spent will be determined through an interview process and a review of personnel duties unless transactions significantly change the composition of companies and investments in either respective group which would require a more timely reevaluation of estimated time spent. Other general and administrative expenses will be charged directly to the groups whenever possible and are otherwise allocated based on estimated usage or some other reasonably determined methodology. Amounts allocated from the Interactive Group to the Ventures Group was determined to be $3 million and $1 million for the three months ended March 31, 2013 and 2012, respectively. We note that stock compensation related to each tracking stock group is determined based on actual options outstanding for each respective tracking stock group.

While we believe that this allocation method is reasonable and fair to each group, we may elect to change the allocation methodology or percentages used to allocate general and administrative expenses in the future.
(6)
The Liberty Interactive Stock and the Liberty Ventures Stock have voting and conversion rights under our restated charter. Following is a summary of those rights. Holders of Series A common stock of each group is entitled to one vote per share, and holders of Series B common stock of each group are entitled to ten votes per share. Holders of Series C common stock of each group, if issued, are entitled to 1/100th of a vote per share in certain limited cases and will otherwise not be entitled to vote. In general, holders of Series A and Series B common stock will vote as a single class. In certain limited circumstances, the board may elect to seek the approval of the holders of only Series A and Series B Liberty Interactive Stock or the approval of the holders of only Series A and Series B Liberty Ventures Stock.

At the option of the holder, each share of Series B common stock will be convertible into one share of Series A common stock of the same group. At the discretion of our board, the common stock related to one group may be converted into common stock of the same series that is related to the other group.
(7)
At March 31, 2013, the intergroup payable/(receivable) balance includes an intergroup loan of approximately $68 million. The Ventures group acquired $68 million principal amount of the 5.7% Senior Notes due 2013, on the open market, which are attributed to the Interactive group and has been extinguished on a consolidated basis. The intergroup loan carries an interest rate that is equal to the effective yield on the 5.7% Senior Notes at the time of purchase. The intergroup payable/(receivable) is partially offset by an allocation of intergroup income taxes payable from the Interactive Group to the Ventures Group.


11