Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.5.0.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Total revenue, net $ 2,412 $ 2,153 $ 7,485 $ 6,619
Operating costs and expenses:        
Cost of sales 1,575 1,358 4,822 4,182
Operating expenses 165 160 512 486
Selling, general and administrative, including stock-based compensation 290 238 892 720
Depreciation and amortization 225 150 663 479
Total operating costs and expenses 2,255 1,906 6,889 5,867
Operating income (loss) 157 247 596 752
Other income (expense):        
Interest expense (92) (88) (277) (273)
Share of earnings (losses) of affiliates, net 18 31 (3) 121
Realized and unrealized gains (losses) on financial instruments, net 606 70 942 98
Gains (losses) on transactions, net   (1) 9 110
Other, net (8) 25 118 11
Total other income (expense) 524 37 789 67
Earnings (loss) before income taxes 681 284 1,385 819
Income tax (expense) benefit (203) (86) (441) (211)
Net earnings (loss) 478 198 944 608
Less net earnings (losses) attributable to the noncontrolling interests 9 8 28 33
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders 469 190 916 575
QVC Group Common Stock        
Revenue:        
Total revenue, net 2,303 2,007 7,094 5,943
Operating costs and expenses:        
Cost of sales 1,504 1,266 4,577 3,721
Operating expenses 152 144 462 424
Selling, general and administrative, including stock-based compensation 261 192 786 571
Depreciation and amortization 219 141 642 442
Total operating costs and expenses 2,136 1,743 6,467 5,158
Operating income (loss) 167 264 627 785
Other income (expense):        
Interest expense (73) (70) (220) (215)
Share of earnings (losses) of affiliates, net 8 13 38 46
Realized and unrealized gains (losses) on financial instruments, net (6) 30 (2) 28
Other, net 6 14 31 (9)
Total other income (expense) (65) (13) (153) (150)
Earnings (loss) before income taxes 102 251 474 635
Income tax (expense) benefit (32) (89) (161) (193)
Net earnings (loss) 70 162 313 442
Less net earnings (losses) attributable to the noncontrolling interests 9 8 28 25
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 61 $ 154 $ 285 $ 417
Earnings (Loss) Per Common Share        
Earnings Per Share, Basic $ 0.13 $ 0.33 $ 0.59 $ 0.89
Earnings Per Share, Diluted $ 0.13 $ 0.33 $ 0.59 $ 0.88
Liberty Ventures common stock        
Revenue:        
Total revenue, net $ 109 $ 146 $ 391 $ 676
Operating costs and expenses:        
Cost of sales 71 92 245 461
Operating expenses 13 16 50 62
Selling, general and administrative, including stock-based compensation 29 46 106 149
Depreciation and amortization 6 9 21 37
Total operating costs and expenses 119 163 422 709
Operating income (loss) (10) (17) (31) (33)
Other income (expense):        
Interest expense (19) (18) (57) (58)
Share of earnings (losses) of affiliates, net 10 18 (41) 75
Realized and unrealized gains (losses) on financial instruments, net 612 40 944 70
Gains (losses) on transactions, net   (1) 9 110
Other, net (14) 11 87 20
Total other income (expense) 589 50 942 217
Earnings (loss) before income taxes 579 33 911 184
Income tax (expense) benefit (171) 3 (280) (18)
Net earnings (loss) 408 36 631 166
Less net earnings (losses) attributable to the noncontrolling interests       8
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 408 $ 36 $ 631 $ 158
Earnings (Loss) Per Common Share        
Earnings Per Share, Basic $ 2.87 $ 0.26 $ 4.44 $ 1.12
Earnings Per Share, Diluted $ 2.83 $ 0.25 $ 4.38 $ 1.10