Qurate Retail, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

Condensed Consolidated Statements Of Operations (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Net retail sales	$ 2,214us-gaap_SalesRevenueGoodsNet	$ 2,434us-gaap_SalesRevenueGoodsNet
Operating costs and expenses:
Cost of sales	1,415	1,556
Operating expense	191us-gaap_OperatingCostsAndExpenses	213us-gaap_OperatingCostsAndExpenses
Selling, general and administrative, including stock-based compensation	204	256
Depreciation and amortization	168us-gaap_DepreciationAndAmortization	163us-gaap_DepreciationAndAmortization
Total operating costs and expenses	1,978us-gaap_CostsAndExpenses	2,188us-gaap_CostsAndExpenses
Operating income (loss)	236us-gaap_OperatingIncomeLoss	246us-gaap_OperatingIncomeLoss
Other income (expense):
Interest expense	(95)us-gaap_InterestExpense	(95)us-gaap_InterestExpense
Share of earnings (losses)ffiliates, net	3	(2)
Realized and unrealized gains (losses) on financial instruments, net	(4)us-gaap_UnrealizedGainLossOnSecurities	(25)us-gaap_UnrealizedGainLossOnSecurities
Other, net	15us-gaap_OtherNonoperatingIncomeExpense	7us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense)	(81)us-gaap_NonoperatingIncomeExpense	(115)us-gaap_NonoperatingIncomeExpense
Earnings (loss) from continuing operations before income taxes	155	131
Income tax (expense) benefit	(3)us-gaap_IncomeTaxExpenseBenefit	(40)us-gaap_IncomeTaxExpenseBenefit
Earnings (loss) from continuing operations	152	91
Earnings (loss) from discontinued operations, net of taxes		19
Net earnings (loss)	152us-gaap_ProfitLoss	110us-gaap_ProfitLoss
Less net earnings (losses) attributable to the noncontrolling interests	9	28
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders	143us-gaap_NetIncomeLoss	82us-gaap_NetIncomeLoss
Liberty Interactive common stock
Revenue:
Net retail sales	1,938	2,434
Operating costs and expenses:
Cost of sales	1,221	1,556
Operating expense	169	213
Selling, general and administrative, including stock-based compensation	159	253
Depreciation and amortization	152	162
Total operating costs and expenses	1,701	2,184
Operating income (loss)	237	250
Other income (expense):
Interest expense	(75)	(76)
Share of earnings (losses)ffiliates, net	24	21
Realized and unrealized gains (losses) on financial instruments, net	(10)	1
Other, net	8	1
Total other income (expense)	(53)	(53)
Earnings (loss) from continuing operations before income taxes	184	197
Income tax (expense) benefit	(24)	(73)
Earnings (loss) from continuing operations	160	124
Earnings (loss) from discontinued operations, net of taxes		(4)
Net earnings (loss)	160	120
Less net earnings (losses) attributable to the noncontrolling interests	9	10
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders	151	110
Earnings (Loss) Per Common Share
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.32	$ 0.23
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.31	$ 0.23
Earnings Per Share, Basic	$ 0.32	$ 0.22
Earnings Per Share, Diluted	$ 0.31	$ 0.22
Liberty Ventures common stock
Revenue:
Net retail sales	276
Operating costs and expenses:
Cost of sales	194
Operating expense	22
Selling, general and administrative, including stock-based compensation	45	3
Depreciation and amortization	16	1
Total operating costs and expenses	277	4
Operating income (loss)	(1)	(4)
Other income (expense):
Interest expense	(20)	(19)
Share of earnings (losses)ffiliates, net	(21)	(23)
Realized and unrealized gains (losses) on financial instruments, net	6	(26)
Other, net	7	6
Total other income (expense)	(28)	(62)
Earnings (loss) from continuing operations before income taxes	(29)	(66)
Income tax (expense) benefit	21	33
Earnings (loss) from continuing operations	(8)	(33)
Earnings (loss) from discontinued operations, net of taxes		23
Net earnings (loss)	(8)	(10)
Less net earnings (losses) attributable to the noncontrolling interests		18
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders	$ (8)	$ (28)
Earnings (Loss) Per Common Share
Income (Loss) from Continuing Operations, Per Basic Share	$ (0.06)	$ (0.45)
Income (Loss) from Continuing Operations, Per Diluted Share	$ (0.06)	$ (0.45)
Earnings Per Share, Basic	$ (0.06)	$ (0.38)
Earnings Per Share, Diluted	$ (0.06)	$ (0.38)