Liberty Interactive Corporation
Reconciliation of Liberty Interactive Corporation ("LINT") Net Assets and
Net Earnings to Liberty Interactive LLC ("LINT LLC") Net Assets and Net Earnings
December 31, 2017
(unaudited)
amounts in millions
|
LINT Net Assets |
|
$ |
10,083 |
|
|
Reconciling items: |
|
|
|
|
|
zulily net assets |
|
|
(1,474) |
|
|
HSNi net assets (1) |
|
|
(1,928) |
|
|
Equity investment in HSNi held by LINT LLC (1) |
|
|
197 |
|
|
LINT LLC Net Assets |
|
$ |
6,878 |
|
|
|
|
|
|
|
|
LINT Net Earnings |
|
$ |
2,487 |
|
|
Reconciling items: |
|
|
|
|
|
zulily net (earnings) loss |
|
|
(65) |
|
|
HSNi net (earnings) loss (1) |
|
|
29 |
|
|
Gain on HSNi transaction |
|
|
(410) |
|
|
LINT net (earnings) loss |
|
|
2 |
|
|
Equity investment in HSNi held by LINT LLC (1) |
|
|
(15) |
|
|
LINT LLC Net Earnings |
|
$ |
2,028 |
|
|
(1) |
On December 29, 2017, LINT acquired the approximate remaining 62% of HSNi it did not already own. LINT LLC continues to hold 38% of HSNi and accounts for its ownership in HSNi as an equity method investment. |