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 March 31, 2014, revenue and expenses for the three months ended March 31, 2014 and 2013 and cash flows for the three months ended March 31, 2014 and 2013. The tables further present our assets, liabilities, revenue, expenses and cash flows that are attributed to the Interactive Group and the Ventures Group, respectively. 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, 2014 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, 2014
 
December 31, 2013
 
amounts in millions
Summary balance sheet data:
 
 
 
Cash and cash equivalents
$
682

 
598

Trade and other receivables, net
$
885

 
1,150

Inventory
$
1,213

 
1,135

Investments in affiliates, accounted for using the equity method
$
362

 
343

Total assets
$
14,580

 
14,862

Long-term debt
$
5,251

 
5,044

Deferred income tax liabilities
$
1,151

 
1,208

Net assets attributable to the Interactive Group shareholders
$
6,306

 
6,378


 
Three months ended
 
March 31,
 
2014
 
2013
 
amounts in millions
Summary operations data:
 
 
 
Revenue
2,447

 
2,434

Cost of sales
(1,566
)
 
(1,553
)
Operating expenses
(217
)
 
(208
)
Selling, general and administrative expenses (1)
(257
)
 
(260
)
Depreciation and amortization
(163
)
 
(153
)
Operating income (loss)
244

 
260

Interest expense
(77
)
 
(84
)
Share of earnings (losses) of affiliates, net
21

 
16

Realized and unrealized gains (losses) on financial instruments, net
1

 
13

Other income (expense), net
1

 
(40
)
Income tax benefit (expense)
(70
)
 
(58
)
Net earnings (loss)
120

 
107

Less net earnings (loss) attributable to noncontrolling interests
10

 
12

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
110

 
95

______________________________________________
(1)
Includes stock-based compensation of $24 million for each of the three months ended March 31, 2014 and 2013.

2

SUMMARY ATTRIBUTED FINANCIAL DATA (Continued)
Ventures Group
 
March 31, 2014
 
December 31, 2013
 
amounts in millions
Summary balance sheet data:
 
 
 
Cash and cash equivalents
$
802

 
658

Investments in available-for-sale securities and other cost investments
$
1,466

 
1,497

Investments in affiliates, accounted for using the equity method
$
882

 
894

Total assets
$
10,241

 
9,984

Long-term debt, including current portion
$
2,304

 
2,301

Deferred income tax liabilities, including current portion
$
2,736

 
2,731

Net assets attributable to the Ventures Group shareholders
$
527

 
558

Noncontrolling interests in equity of subsidiaries
$
4,421

 
4,375

 
 
Three months ended
 
March 31,
 
2014
 
2013
 
amounts in millions
Summary operations data:
 
 
 
Revenue
$
281

 
230

Operating expenses (1)
(48
)
 
(36
)
Selling, general and administrative expenses (1)
(132
)
 
(106
)
Depreciation and amortization
(69
)
 
(77
)
Operating income (loss)
32

 
11

Interest expense
(22
)
 
(27
)
Share of earnings (losses) of affiliates, net
(23
)
 
(27
)
Realized and unrealized gains (losses) on financial instruments, net
(26
)
 
(86
)
Other, net
7

 
2

Income tax benefit (expense)
22

 
73

Net earnings (loss)
(10
)
 
(54
)
Less net earnings (loss) attributable to noncontrolling interests
18

 
14

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
(28
)
 
(68
)
______________________________________________
(1)
Included in the Ventures Group statements of operations are the following amounts of stock-based compensation:
 
Three months ended
March 31,
 
2014
 
2013
 
amounts in millions
Operating expenses
$
7

 
8

Selling, general and administrative expenses
11

 
10

 
$
18

 
18




3

BALANCE SHEET INFORMATION
March 31, 2014
(unaudited)
 
Attributed (note 1)
 
 
 
 
 
Interactive
Group
 
Ventures Group
 
Inter-group
eliminations
 
Consolidated
Liberty
 
amounts in millions
Assets
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
682

 
802

 
—

 
1,484

Trade and other receivables, net
885

 
155

 
—

 
1,040

Inventory, net
1,213

 
—

 
—

 
1,213

Short term marketable securities
—

 
682

 
—

 
682

Other current assets
248

 
21

 
(159
)
 
110

Total current assets
3,028

 
1,660

 
(159
)
 
4,529

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

 
1,466

 
—

 
1,470

Investments in affiliates, accounted for using the equity method (note 3)
362

 
882

 
—

 
1,244

Property and equipment, net
1,203

 
69

 
—

 
1,272

Intangible assets not subject to amortization, net
8,393

 
5,290

 
—

 
13,683

Intangible assets subject to amortization, net
1,498

 
854

 
—

 
2,352

Other assets, at cost, net of accumulated amortization
92

 
20

 
—

 
112

Total assets
$
14,580

 
10,241

 
(159
)
 
24,662

Liabilities and Equity
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
Intergroup payable (receivable) (note 7)
$
50

 
(50
)
 
—

 
—

Accounts payable
650

 
74

 
—

 
724

Accrued liabilities
651

 
95

 
—

 
746

Current portion of debt (note 4)
36

 
947

 
—

 
983

Deferred tax liabilities
—

 
1,056

 
(159
)
 
897

Other current liabilities
176

 
60

 
—

 
236

Total current liabilities
1,563

 
2,182

 
(159
)
 
3,586

Long-term debt (note 4)
5,251

 
1,357

 
—

 
6,608

Deferred income tax liabilities
1,151

 
1,680

 
—

 
2,831

Other liabilities
197

 
74

 
—

 
271

Total liabilities
8,162

 
5,293

 
(159
)
 
13,296

Equity/Attributed net assets (liabilities)
6,306

 
527

 
—

 
6,833

Noncontrolling interests in equity of subsidiaries
112

 
4,421

 
—

 
4,533

Total liabilities and equity
$
14,580

 
10,241

 
(159
)
 
24,662


4

STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2014
(unaudited)
 
 
 
 
 
 
 
 
 
 
 
 

 
Attributed (note 1)
 
 
 
Interactive Group
 
Ventures Group
 
Consolidated Liberty
 
amounts in millions
Revenue:
 
 
 
 
 
Net retail sales
$
2,447

 
—

 
2,447

Other revenue
—

 
281

 
281

Total revenue
2,447

 
281

 
2,728

Operating costs and expenses:
 
 
 
 
 
Cost of sales
1,566

 
—

 
1,566

Operating, including stock-based compensation (note 5)
217

 
48

 
265

Selling, general and administrative, including stock-based compensation (note 5)
257

 
132

 
389

Depreciation and amortization
163

 
69

 
232

 
2,203

 
249

 
2,452

Operating income (loss)
244

 
32

 
276

Other income (expense):
 
 
 
 
 
Interest expense
(77
)
 
(22
)
 
(99
)
Share of earnings (losses) of affiliates, net (note 3)
21

 
(23
)
 
(2
)
Realized and unrealized gains (losses) on financial instruments, net
1

 
(26
)
 
(25
)
Other, net
1

 
7

 
8

 
(54
)
 
(64
)
 
(118
)
Earnings (loss) before income taxes
190

 
(32
)
 
158

Income tax benefit (expense)
(70
)
 
22

 
(48
)
Net earnings (loss)
120

 
(10
)
 
110

Less net earnings (loss) attributable to noncontrolling interests
10

 
18

 
28

Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
$
110

 
(28
)
 
82



5

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
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) from continuing operations 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



6

STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2014
(unaudited)
 
Attributed (note 1)
 
 
 
Interactive
Group
 
Ventures Group
 
Consolidated
Liberty
 
amounts in millions
Cash flows from operating activities:
 
 
 
 
 
Net earnings (loss)
$
120

 
(10
)
 
110

Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
 
 
 
Depreciation and amortization
163

 
69

 
232

Stock-based compensation
24

 
18

 
42

Cash payments for stock based compensation
(3
)
 
(1
)
 
(4
)
Excess tax benefit from stock-based compensation
(8
)
 
(11
)
 
(19
)
Share of losses (earnings) of affiliates, net
(21
)
 
23

 
2

Cash receipts from return on equity investments
5

 
5

 
10

Realized and unrealized gains (losses) on financial instruments, net
(1
)
 
26

 
25

Deferred income tax (benefit) expense
(49
)
 
2

 
(47
)
Other, net
1

 
—

 
1

Intergroup tax allocation
50

 
(50
)
 
—

Intergroup tax payment
(225
)
 
225

 
—

Changes in operating assets and liabilities
 
 
 
 
 
Current and other assets
178

 
(33
)
 
145

Payables and other current liabilities
(59
)
 
88

 
29

Net cash provided (used) by operating activities
175

 
351

 
526

Cash flows from investing activities:
 
 
 
 
 
Cash proceeds from dispositions
—

 
25

 
25

Investments in and loans to cost and equity investees
—

 
(18
)
 
(18
)
Capital expended for property and equipment
(41
)
 
(47
)
 
(88
)
Purchases of short-term and other marketable securities
—

 
(310
)
 
(310
)
Sales of short term and other marketable securities
—

 
165

 
165

Other investing activities, net
(10
)
 
2

 
(8
)
Net cash provided (used) by investing activities
(51
)
 
(183
)
 
(234
)
Cash flows from financing activities:
 
 
 
 
 
Borrowings of debt
1,551

 
2

 
1,553

Repayments of debt
(1,347
)
 
(15
)
 
(1,362
)
Intergroup receipts (payments), net
2

 
(2
)
 
—

Repurchases of Liberty common stock
(213
)
 
—

 
(213
)
Minimum withholding taxes on net settlements of stock-based compensation
(6
)
 
(20
)
 
(26
)
Excess tax benefit from stock-based compensation
8

 
11

 
19

Other financing activities, net
(35
)
 
—

 
(35
)
Net cash provided (used) by financing activities
(40
)
 
(24
)
 
(64
)
Net increase (decrease) in cash and cash equivalents
84

 
144

 
228

Cash and cash equivalents at beginning of period
598

 
658

 
1,256

Cash and cash equivalents at end period
$
682

 
802

 
1,484


7

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
)
Excess tax benefits on stock-based compensation
(3
)
 
—

 
(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
(390
)
 
82

 
(308
)
Net cash provided (used) by operating activities
148

 
(48
)
 
100

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
)
Purchases of short-term and other marketable securities
—

 
(707
)
 
(707
)
Sales of short term and other marketable securities
—

 
49

 
49

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
)
    Excess tax benefit from stock-based compensation
3

 
—

 
3

    Minimum withholding taxes on net settlements of stock-based compensation
(5
)
 
(6
)
 
(11
)
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
(157
)
 
(456
)
 
(613
)
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



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 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:
 
March 31, 2014
 
December 31, 2013
 
amounts in millions
Interactive Group
 
 
 
Other
$
4

 
4

Total Interactive Group
4

 
4

Ventures Group
 
 
 
Time Warner Inc.
287

 
306

Time Warner Cable Inc.
750

 
741

TripAdvisor AFS securities
284

 
188

Other
145

 
262

Total Ventures Group
1,466

 
1,497

Consolidated Liberty
$
1,470

 
1,501
















9

(3)
The following table presents information regarding certain equity method investments:
 
 
 
 
 
 
 
Share of earnings (losses)
 
March 31, 2014
 
Three months ended
March 31,
 
Percentage
ownership
 
Carrying
value
 
Market
value
 
 
2014
 
2013
 
dollar amounts in millions
Interactive Group
 
 
 
 
 
 
 
 
 
HSN, Inc.
38
%
 
$
311

 
1,196

 
22

 
20

Other
various

 
51

 
NA

 
(1
)
 
(4
)
Total Interactive Group
 
 
362

 
 
 
21

 
16

Ventures Group
 
 
 
 
 
 
 
 
 
Expedia, Inc.
18
%
 
467

 
1,673

 
(6
)
 
(20
)
Other
various

 
415

 
NA

 
(17
)
 
(7
)
Total Ventures Group
 
 
882

 
 
 
(23
)
 
(27
)
Consolidated Liberty
 
 
$
1,244

 
 
 
(2
)
 
(11
)
(4)
Debt attributed to the Interactive Group and the Ventures Group is comprised of the following:
 
 
March 31, 2014
 
 
Outstanding
principal
 
Carrying
value
 
 
amounts in millions
Interactive Group
 
 
 
 
8.5% Senior Debentures due 2029
$
287

 
285

 
8.25% Senior Debentures due 2030
504

 
501

 
1% Exchangeable Senior Debentures due 2043
400

 
422

 
QVC 7.5% Senior Secured Notes due 2019
769

 
761

 
QVC 3.125% Senior Secured Notes due 2019
400

 
399

 
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 4.850% Senior Secured Notes due 2024
600

 
600

 
QVC 5.95% Senior Secured Notes due 2043
300

 
300

 
QVC Bank Credit Facilities
124

 
124

 
Other subsidiary debt
145

 
145

        Total Interactive Group debt
5,279

 
5,287

Ventures Group
 
 
 
 
4% Exchangeable Senior Debentures due 2029
439

 
284

 
3.75% Exchangeable Senior Debentures due 2030
438

 
276

 
3.5% Exchangeable Senior Debentures due 2031
359

 
316

 
0.75% Exchangeable Senior Debentures due 2043
850

 
1,067

 
TripAdvisor Debt Facilities
361

 
361

        Total Ventures Group debt
2,447

 
2,304

 
Total consolidated Liberty debt
$
7,726

 
7,591

 
Less current maturities
 
 
(983
)
 
Total long-term debt
 
 
$
6,608


(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

10

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 $2 million and $3 million for the three months ended March 31, 2014 and 2013, 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 are 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.


11