Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations

v3.6.0.2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:                      
Total revenue, net                 $ 10,647 $ 9,989 $ 10,499
Operating costs and expenses:                      
Cost of sales                 6,908 6,393 6,684
Operating expenses                 707 699 756
Selling, general and administrative, including stock-based compensation                 1,190 1,078 1,202
Depreciation and amortization                 874 703 669
Total operating costs and expenses                 9,679 8,873 9,311
Operating income (loss) $ 372 $ 157 $ 250 $ 189 $ 364 $ 247 $ 269 $ 236 968 1,116 1,188
Other income (expense):                      
Interest expense                 (363) (360) (387)
Share of earnings (losses) of affiliates, net                 (68) (178) (19)
Realized and unrealized gains (losses) on financial instruments, net                 1,175 114 (57)
Gains (losses) on transactions, net                 9 110 74
Gain (Loss) on Sale of Previously Unissued Stock by Subsidiary or Equity Investee, Nonoperating Income                 65    
Other, net                 131 14 (24)
Total other income (expense)                 884 (300) (413)
Total                 1,852 816 775
Income tax (expense) benefit                 (598) (185) (237)
Earnings (loss) from continuing operations 324 451 387 92 108 166 209 148 1,254 631 538
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 20 280 88
Net earnings (loss)                 1,274 911 626
Less net earnings (losses) attributable to the noncontrolling interests                 39 42 89
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders                 1,235 869 537
QVC Group Common Stock                      
Revenue:                      
Total revenue, net                 10,219 9,169 10,028
Operating costs and expenses:                      
Cost of sales                 6,642 5,847 6,378
Operating expenses                 653 620 719
Selling, general and administrative, including stock-based compensation                 1,063 875 1,075
Depreciation and amortization                 850 657 650
Total operating costs and expenses                 9,208 7,999 8,822
Operating income (loss)                 1,011 1,170 1,206
Other income (expense):                      
Interest expense                 (289) (283) (312)
Share of earnings (losses) of affiliates, net                 42 55 51
Realized and unrealized gains (losses) on financial instruments, net                 2 42 (22)
Other, net                 42 (6) (43)
Total other income (expense)                 (203) (192) (326)
Total                 808 978 880
Income tax (expense) benefit                 (297) (304) (306)
Earnings (loss) from continuing operations                 511 674 574
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                   0 (15)
Net earnings (loss)                 511 674 559
Less net earnings (losses) attributable to the noncontrolling interests                 38 34 39
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 188 $ 61 $ 130 $ 94 $ 223 $ 154 $ 112 $ 151 $ 473 $ 640 $ 520
Earnings (Loss) Per Common Share                      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.41 $ 0.13 $ 0.27 $ 0.19 $ 0.45 $ 0.33 $ 0.24 $ 0.32 $ 0.99 $ 1.35 $ 1.10
Income (Loss) from Continuing Operations, Per Diluted Share 0.40 0.13 0.27 0.19 0.44 0.33 0.24 0.31 0.98 1.33 1.09
Earnings Per Share, Basic 0.41 0.13 0.27 0.19 0.45 0.33 0.24 0.32 0.99 1.35 1.07
Earnings Per Share, Diluted $ 0.40 $ 0.13 $ 0.27 $ 0.19 $ 0.44 $ 0.33 $ 0.24 $ 0.31 $ 0.98 $ 1.33 $ 1.06
Liberty Ventures common stock                      
Revenue:                      
Total revenue, net                 $ 428 $ 820 $ 471
Operating costs and expenses:                      
Cost of sales                 266 546 306
Operating expenses                 54 79 37
Selling, general and administrative, including stock-based compensation                 127 203 127
Depreciation and amortization                 24 46 19
Total operating costs and expenses                 471 874 489
Operating income (loss)                 (43) (54) (18)
Other income (expense):                      
Interest expense                 (74) (77) (75)
Share of earnings (losses) of affiliates, net                 (110) (233) (70)
Realized and unrealized gains (losses) on financial instruments, net                 1,173 72 (35)
Gains (losses) on transactions, net                 9 110 74
Other, net                 89 20 19
Total other income (expense)                 1,087 (108) (87)
Total                 1,044 (162) (105)
Income tax (expense) benefit                 (301) 119 69
Earnings (loss) from continuing operations                 743 (43) (36)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 20 280 103
Net earnings (loss)                 763 237 67
Less net earnings (losses) attributable to the noncontrolling interests                 1 8 50
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 131 $ 408 $ 249 $ (26) $ 71 $ 36 $ 130 $ (8) $ 762 $ 229 $ 17
Earnings (Loss) Per Common Share                      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.15 $ 2.68 $ 1.73 $ (0.07) $ (0.87) $ 0.03 $ 0.57 $ (0.09) $ 5.54 $ (0.36) $ (0.43)
Income (Loss) from Continuing Operations, Per Diluted Share 1.15 2.64 1.72 (0.07) (0.87) 0.03 0.57 (0.09) 5.49 (0.36) (0.43)
Earnings Per Share, Basic 1.21 2.87 1.75 (0.18) 0.50 0.26 0.92 (0.06) 5.69 1.61 0.19
Earnings Per Share, Diluted $ 1.21 $ 2.83 $ 1.74 $ (0.18) $ 0.50 $ 0.25 $ 0.91 $ (0.06) $ 5.64 $ 1.60 $ 0.19