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, Celebrate Interactive Holdings, Inc., CommerceHub 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 Inc. and Time Warner Cable Inc.
The following tables present our assets and liabilities as of June 30, 2013, revenue and expenses for the three and six months ended June 30, 2013 and 2012, and cash flows for the six months ended June 30, 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 and six months ended June 30, 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
 
June 30, 2013
 
December 31, 2012
 
amounts in millions
Summary balance sheet data:
 
 
 
Cash and cash equivalents
$
591

 
699

Trade and other receivables, net
$
731

 
1,095

Inventory
$
1,129

 
1,106

Investments in affiliates, accounted for using the equity method
$
322

 
304

Total assets
$
14,359

 
15,115

Long-term debt
$
4,701

 
4,277

Deferred income tax liabilities
$
1,194

 
1,318

Attributed net assets
$
6,664

 
7,011


 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
 
amounts in millions
Summary operations data:
 
 
 
 
 
 
 
Revenue
$
2,400

 
2,365

 
4,834

 
4,679

Cost of sales
(1,521
)
 
(1,488
)
 
(3,074
)
 
(2,954
)
Operating expenses
(207
)
 
(199
)
 
(415
)
 
(407
)
Selling, general and administrative expenses (1)
(246
)
 
(241
)
 
(506
)
 
(479
)
Depreciation and amortization
(158
)
 
(147
)
 
(311
)
 
(290
)
Operating income (loss)
268

 
290

 
528

 
549

Interest expense
(70
)
 
(80
)
 
(154
)
 
(157
)
Share of earnings (losses) of affiliates, net
4

 
7

 
20

 
20

Realized and unrealized gains (losses) on financial instruments, net
4

 
11

 
17

 
25

Gains on disposition, net
(1
)
 
—

 
(1
)
 
—

Other income (expense), net
(14
)
 
(7
)
 
(54
)
 
(4
)
Income tax benefit (expense)
(69
)
 
(82
)
 
(127
)
 
(161
)
Net earnings (loss)
122

 
139

 
229

 
272

Less net earnings (loss) attributable to noncontrolling interests
13

 
15

 
25

 
29

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
109

 
124

 
204

 
243

______________________________________________
(1)
Includes stock-based compensation of $29 million and $18 million for the three months ended June 30, 2013 and 2012, respectively, and $53 million and $35 million for the six months ended June 30, 2013 and 2012, respectively.

2

SUMMARY ATTRIBUTED FINANCIAL DATA (Continued)
Ventures Group
 
June 30, 2013
 
December 31, 2012
 
amounts in millions
Summary balance sheet data:
 
 
 
Cash and cash equivalents
$
857

 
1,961

Investments in available-for-sale securities and other cost investments
$
1,361

 
1,815

Investments in affiliates, accounted for using the equity method
$
561

 
547

Long-term debt, including current portion
$
2,264

 
3,342

Deferred income tax liabilities, including current portion
$
2,782

 
2,959

Attributed net assets
$
479

 
551

 
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
 
amounts in millions
Summary operations data:
 
 
 
 
 
 
 
Revenue
$
247

 
—

 
477

 
—

Operating expenses (1)
(36
)
 
—

 
(72
)
 
—

Selling, general and administrative expenses (1)
(116
)
 
—

 
(222
)
 
(1
)
Depreciation and amortization
(79
)
 
—

 
(156
)
 
—

Operating income (loss)
16

 
—

 
27

 
(1
)
Interest expense
(20
)
 
(27
)
 
(47
)
 
(56
)
Share of earnings (losses) of affiliates, net
3

 
28

 
(24
)
 
26

Realized and unrealized gains (losses) on financial instruments, net
5

 
(171
)
 
(81
)
 
(203
)
Gains (losses) on dispositions, net
(1
)
 
288

 
(1
)
 
288

Other, net
(1
)
 
37

 
1

 
37

Income tax benefit (expense)
26

 
(45
)
 
99

 
(9
)
Net earnings (loss)
28

 
110

 
(26
)
 
82

Less net earnings (loss) attributable to noncontrolling interests
17

 
—

 
31

 
—

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
11

 
110

 
(57
)
 
82

______________________________________________
(1)
Included in the Ventures Group statements of operations are the following amounts of stock-based compensation:
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2013
 
2012
 
2013
 
2012
 
amounts in millions
Operating expenses
$
5

 
—

 
13

 
—

Selling, general and administrative expenses
10

 
—

 
20

 
—

 
$
15

 
—

 
33

 
—




3

BALANCE SHEET INFORMATION
June 30, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
 
 
Interactive
Group
 
Ventures Group
 
Inter-group
eliminations
 
Consolidated
Liberty
 
amounts in millions
Assets
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
591

 
857

 
—

 
1,448

Trade and other receivables, net
731

 
178

 
—

 
909

Inventory, net
1,129

 
—

 
—

 
1,129

Short term marketable securities
—

 
508

 
—

 
508

Other current assets
238

 
28

 
(151
)
 
115

Total current assets
2,689

 
1,571

 
(151
)
 
4,109

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

 
1,361

 


 
1,365

Investments in affiliates, accounted for using the equity method (note 3)
322

 
561

 
—

 
883

Property and equipment, net
1,156

 
19

 
—

 
1,175

Intangible assets not subject to amortization, net
8,358

 
5,517

 
—

 
13,875

Intangible assets subject to amortization, net
1,746

 
1,033

 
—

 
2,779

Other assets, at cost, net of accumulated amortization
84

 
15

 
—

 
99

Total assets
$
14,359

 
10,077

 
(151
)
 
24,285

Liabilities and Equity
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
Intergroup payable (receivable) (note 7)
$
63

 
(63
)
 
—

 
—

Accounts payable
533

 
26

 
—

 
559

Accrued liabilities
682

 
116

 
—

 
798

Current portion of debt (note 4)
23

 
1,006

 
—

 
1,029

Deferred tax liabilities
5

 
987

 
(151
)
 
841

Other current liabilities
159

 
47

 
—

 
206

Total current liabilities
1,465

 
2,119

 
(151
)
 
3,433

Long-term debt (note 4)
4,701

 
1,258

 
—

 
5,959

Deferred income tax liabilities
1,194

 
1,795

 
—

 
2,989

Other liabilities
205

 
34

 
—

 
239

Total liabilities
7,565

 
5,206

 
(151
)
 
12,620

Equity/Attributed net assets (liabilities)
6,664

 
479

 
—

 
7,143

Noncontrolling interests in equity of subsidiaries
130

 
4,392

 
—

 
4,522

Total liabilities and equity
$
14,359

 
10,077

 
(151
)
 
24,285


4

STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
2,400

 
—

 
2,400

Other revenue
—

 
247

 
247

Total revenue
2,400

 
247

 
2,647

Operating costs and expenses:
 
 
 
 
 
Cost of sales
1,521

 
—

 
1,521

Operating, including stock-based compensation (note 5)
207

 
36

 
243

Selling, general and administrative, including stock-based compensation (note 5)
246

 
116

 
362

Depreciation and amortization
158

 
79

 
237

 
2,132

 
231

 
2,363

Operating income (loss)
268

 
16

 
284

Other income (expense):
 
 
 
 
 
Interest expense
(70
)
 
(20
)
 
(90
)
Share of earnings (losses) of affiliates, net (note 3)
4

 
3

 
7

Realized and unrealized gains (losses) on financial instruments, net
4

 
5

 
9

Gains (losses) on transactions, net
(1
)
 
(1
)
 
(2
)
Other, net
(14
)
 
(1
)
 
(15
)
 
(77
)
 
(14
)
 
(91
)
Earnings (loss) before income taxes
191

 
2

 
193

Income tax benefit (expense)
(69
)
 
26

 
(43
)
Net earnings (loss)
122

 
28

 
150

Less net earnings (loss) attributable to noncontrolling interests
13

 
17

 
30

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
109

 
11

 
120


5

STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2012
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
2,365

 
—

 
2,365

Other revenue
—

 
—

 
—

Total revenue
2,365

 
—

 
2,365

Operating costs and expenses:
 
 
 
 
 
Cost of sales
1,488

 
—

 
1,488

Operating
199

 
—

 
199

Selling, general and administrative, including stock-based compensation (note 5)
241

 
—

 
241

Depreciation and amortization
147

 
—

 
147

 
2,075

 
—

 
2,075

Operating income (loss)
290

 
—

 
290

Other income (expense):
 

 
 

 
 
Interest expense
(80
)
 
(27
)
 
(107
)
Share of earnings (losses) of affiliates, net (note 3)
7

 
28

 
35

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

 
(171
)
 
(160
)
Gains (losses) on transactions, net
—

 
288

 
288

Other, net
(7
)
 
37

 
30

 
(69
)
 
155

 
86

Earnings (loss) from continuing operations before income taxes
221

 
155

 
376

Income tax benefit (expense)
(82
)
 
(45
)
 
(127
)
Net earnings (loss)
139

 
110

 
249

Less net earnings (loss) attributable to noncontrolling interests
15

 
—

 
15

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
124

 
110

 
234


6

STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
4,834

 
—

 
4,834

Other revenue
—

 
477

 
477

Total revenue
4,834

 
477

 
5,311

Operating costs and expenses:
 
 
 
 
 
Cost of sales
3,074

 
—

 
3,074

Operating, including stock-based compensation (note 5)
415

 
72

 
487

Selling, general and administrative, including stock-based compensation (note 5)
506

 
222

 
728

Depreciation and amortization
311

 
156

 
467

 
4,306

 
450

 
4,756

Operating income (loss)
528

 
27

 
555

Other income (expense):
 
 
 
 
 
Interest expense
(154
)
 
(47
)
 
(201
)
Share of earnings (losses) of affiliates, net (note 3)
20

 
(24
)
 
(4
)
Realized and unrealized gains (losses) on financial instruments, net
17

 
(81
)
 
(64
)
Gains (losses) on transactions, net
(1
)
 
(1
)
 
(2
)
Other, net
(54
)
 
1

 
(53
)
 
(172
)
 
(152
)
 
(324
)
Earnings (loss) before income taxes
356

 
(125
)
 
231

Income tax benefit (expense)
(127
)
 
99

 
(28
)
Net earnings (loss)
229

 
(26
)
 
203

Less net earnings (loss) attributable to noncontrolling interests
25

 
31

 
56

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
204

 
$
(57
)
 
147



7

STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2012
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
4,679

 
—

 
4,679

Other revenue
—

 
—

 
—

Total revenue
4,679

 
—

 
4,679

Operating costs and expenses:
 
 
 
 
 
Cost of sales
2,954

 
—

 
2,954

Operating
407

 
—

 
407

Selling, general and administrative, including stock-based compensation (note 5)
479

 
1

 
480

Depreciation and amortization
290

 
—

 
290

 
4,130

 
1

 
4,131

Operating income (loss)
549

 
(1
)
 
548

Other income (expense):
 

 
 

 
 
Interest expense
(157
)
 
(56
)
 
(213
)
Share of earnings (losses) of affiliates, net (note 3)
20

 
26

 
46

Realized and unrealized gains (losses) on financial instruments, net
25

 
(203
)
 
(178
)
Gains (losses) on transactions, net
—

 
288

 
288

Other, net
(4
)
 
37

 
33

 
(116
)
 
92

 
(24
)
Earnings (loss) from continuing operations before income taxes
433

 
91

 
524

Income tax benefit (expense)
(161
)
 
(9
)
 
(170
)
Net earnings (loss)
272

 
82

 
354

Less net earnings (loss) attributable to noncontrolling interests
29

 
—

 
29

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
243

 
82

 
325



8

STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2013
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive
Group
 
Ventures Group
 
Consolidated
Liberty
 
amounts in millions
Cash flows from operating activities:
 
 
 
 
 
Net earnings (loss)
$
229

 
(26
)
 
203

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
 
 
Depreciation and amortization
311

 
156

 
467

Stock-based compensation
53

 
33

 
86

Cash payments for stock based compensation
(4
)
 
(1
)
 
(5
)
Share of losses (earnings) of affiliates, net
(20
)
 
24

 
4

Cash receipts from return on equity investments
7

 
8

 
15

Realized and unrealized gains (losses) on financial instruments, net
(17
)
 
81

 
64

(Gains) losses on disposition of assets, net
1

 
1

 
2

Deferred income tax (benefit) expense
(86
)
 
(181
)
 
(267
)
Other, net
39

 
(25
)
 
14

Intergroup tax allocation
(94
)
 
94

 
—

Changes in operating assets and liabilities
 
 
 
 
 
Current and other assets
322

 
(74
)
 
248

Payables and other current liabilities
(359
)
 
(26
)
 
(385
)
Net cash provided (used) by operating activities
382

 
64

 
446

Cash flows from investing activities:
 
 
 
 
 
Cash proceeds from dispositions
—

 
1,136

 
1,136

Investments in and loans to cost and equity investees
—

 
(51
)
 
(51
)
Capital expended for property and equipment
(111
)
 
(25
)
 
(136
)
Purchases of short-term and other marketable securities
—

 
(1,116
)
 
(1,116
)
Sales of short term and other marketable securities
2

 
442

 
444

Other investing activities, net
(7
)
 
(35
)
 
(42
)
Net cash provided (used) by investing activities
(116
)
 
351

 
235

Cash flows from financing activities:
 
 
 
 
 
Borrowings of debt
2,246

 
848

 
3,094

Repayments of debt
(2,055
)
 
(2,342
)
 
(4,397
)
Intergroup receipts (payments), net
2

 
(2
)
 
—

Shares repurchased by subsidiary
—

 
(42
)
 
(42
)
Shares issued by subsidiary
—

 
19

 
19

Repurchases of Liberty common stock
(499
)
 
—

 
(499
)
Other financing activities, net
(39
)
 
—

 
(39
)
Net cash provided (used) by financing activities
(345
)
 
(1,519
)
 
(1,864
)
Effect of foreign currency rates on cash
(29
)
 
—

 
(29
)
Net increase (decrease) in cash and cash equivalents
(108
)
 
(1,104
)
 
(1,212
)
Cash and cash equivalents at beginning of period
699

 
1,961

 
2,660

Cash and cash equivalents at end period
$
591

 
857

 
1,448


9

STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2012
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive
Group
 
Ventures Group
 
Consolidated
Liberty
 
amounts in millions
Cash flows from operating activities:
 
 
 
 
 
Net earnings (loss)
$
272

 
82

 
354

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
 
 
Depreciation and amortization
290

 
—

 
290

Stock-based compensation
35

 
—

 
35

Cash payments for stock based compensation
(2
)
 
—

 
(2
)
Share of losses (earnings) of affiliates, net
(20
)
 
(26
)
 
(46
)
Cash receipts from return on equity investments
5

 
8

 
13

Realized and unrealized gains (losses) on financial instruments, net
(25
)
 
203

 
178

(Gains) losses on disposition of assets, net
—

 
(288
)
 
(288
)
Deferred income tax (benefit) expense
(66
)
 
92

 
26

Other, net
9

 
(34
)
 
(25
)
Intergroup tax allocation
83

 
(83
)
 
—

Changes in operating assets and liabilities
 
 
 
 
 
Current and other assets
357

 
—

 
357

Payables and other current liabilities
(167
)
 
5

 
(162
)
Net cash provided (used) by operating activities
771

 
(41
)
 
730

Cash flows from investing activities:
 
 
 
 
 
Cash proceeds from dispositions
—

 
348

 
348

Investments in and loans to cost and equity investees
(11
)
 
(97
)
 
(108
)
Capital expended for property and equipment
(151
)
 
—

 
(151
)
Purchases of short-term and other marketable securities
—

 
—

 
—

Sales of short term and other marketable securities
46

 
—

 
46

Other investing activities, net
(41
)
 
1

 
(40
)
Net cash provided (used) by investing activities
(157
)
 
252

 
95

Cash flows from financing activities:
 
 
 
 
 
Borrowings of debt
666

 
—

 
666

Repayments of debt
(761
)
 
(112
)
 
(873
)
Intergroup receipts (payments), net
99

 
(99
)
 
—

Repurchases of Liberty common stock
(637
)
 
—

 
(637
)
Other financing activities, net
(26
)
 
—

 
(26
)
Net cash provided (used) by financing activities
(659
)
 
(211
)
 
(870
)
Effect of foreign currency rates on cash
(12
)
 
—

 
(12
)
Net increase (decrease) in cash and cash equivalents
(57
)
 
—

 
(57
)
Cash and cash equivalents at beginning of period
847

 
—

 
847

Cash and cash equivalents at end period
$
790

 
—

 
790



10

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 LLC, CommerceHub 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 Inc. and Time Warner Cable Inc. 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:
 
June 30, 2013
 
December 31, 2012
 
amounts in millions
Interactive Group
 
 
 
Other
$
4

 
4

Total Interactive Group
4

 
4

Ventures Group
 
 
 
Time Warner Inc.
254

 
1,042

Time Warner Cable Inc.
615

 
531

AOL, Inc.
—

 
59

TripAdvisor AFS securities
220

 
99

Other
272

 
84

Total Ventures Group
1,361

 
1,815

Consolidated Liberty
$
1,365

 
1,819















11

(3)
The following table presents information regarding certain equity method investments:
 
 
 
 
 
 
 
Share of earnings (losses)
 
June 30, 2013
 
Three months ended
June 30,
 
Six months ended
June 30,
 
Percentage
ownership
 
Carrying
value
 
Market
value
 
 
2013
 
2012
 
2013
 
2012
 
dollar amounts in millions
Interactive Group
 
 
 
 
 
 
 
 
 
 
 
 
 
HSN, Inc.
37
%
 
$
270

 
1,075

 
11

 
9

 
31

 
24

Other
various

 
52

 
NA

 
(7
)
 
(2
)
 
(11
)
 
(4
)
Total Interactive Group
 
 
322

 
 
 
4

 
7

 
20

 
20

Ventures Group
 
 
 
 
 
 
 
 
 
 
 
 
 
Expedia, Inc.
17
%
 
438

 
1,388

 
10

 
26

 
(10
)
 
24

TripAdvisor, Inc.
NA

 
NA

 
NA

 
NA

 
12

 
NA

 
23

Other
various

 
123

 
NA

 
(7
)
 
(10
)
 
(14
)
 
(21
)
Total Ventures Group
 
 
561

 
 
 
3

 
28

 
(24
)
 
26

Consolidated Liberty
 
 
$
883

 
 
 
7

 
35

 
(4
)
 
46

(4)
Debt attributed to the Interactive Group and the Ventures Group is comprised of the following:
 
 
June 30, 2013
 
 
Outstanding
principal
 
Carrying
value
 
 
amounts in millions
Interactive Group
 
 
 
 
8.5% Senior Debentures due 2029
$
287

 
285

 
8.25% Senior Debentures due 2030
505

 
501

 
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
990

 
990

 
Other subsidiary debt
138

 
138

        Total Interactive Group debt
4,739

 
4,724

Ventures Group
 
 
 
 
4% Exchangeable Senior Debentures due 2029
469

 
318

 
3.75% Exchangeable Senior Debentures due 2030
460

 
313

 
3.5% Exchangeable Senior Debentures due 2031
367

 
310

 
0.75% Exchangeable Senior Debentures due 2043
850

 
938

 
TripAdvisor Debt Facilities
385

 
385

        Total Ventures Group debt
2,531

 
2,264

 
Total consolidated Liberty debt
$
7,270

 
6,988

 
Less current maturities
 
 
(1,029
)
 
Total long-term debt
 
 
$
5,959


(5)
Cash compensation expense for our corporate employees will be allocated between 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 were determined to be

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$7 million and $1 million for the three months ended June 30, 2013 and 2012, respectively, and $10 million and $2 million for the six months ended June 30, 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 common stock and the Liberty Ventures common 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 common stock or the approval of the holders of only Series A and Series B Liberty Ventures common 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)
The intergroup payable (receivable) is primarily attributable to an allocation of intergroup income taxes payable from the Interactive Group to the Ventures Group.


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