Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations

v3.8.0.1
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:                      
Total revenue, net                 $ 10,404 $ 10,647 $ 9,989
Operating costs and expenses:                      
Cost of sales                 6,789 6,908 6,393
Operating expenses                 659 707 699
Selling, general and administrative, including stock-based compensation                 1,153 1,190 1,078
Depreciation and amortization                 725 874 703
Restructuring Charges                 35    
Total operating costs and expenses                 9,361 9,679 8,873
Operating income (loss) $ 368 $ 208 $ 254 $ 213 $ 372 $ 157 $ 250 $ 189 1,043 968 1,116
Other income (expense):                      
Interest expense                 (355) (363) (360)
Share of earnings (losses) of affiliates, net                 (200) (68) (178)
Realized and unrealized gains (losses) on financial instruments, net                 618 1,175 114
Gains (losses) on transactions, net                 410 9 110
Other, net                 7 131 14
Total other income (expense)                 480 884 (300)
Earnings (loss) before income taxes                 1,523 1,852 816
Income tax (expense) benefit                 964 (598) (185)
Earnings (loss) from continuing operations 1,476 308 184 519 324 451 387 92 2,487 1,254 631
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                   20 280
Net earnings (loss)                 2,487 1,274 911
Less net earnings (losses) attributable to the noncontrolling interests                 46 39 42
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders                 2,441 1,235 869
QVC Group Common Stock                      
Revenue:                      
Total revenue, net                 10,381 10,219 9,169
Operating costs and expenses:                      
Cost of sales                 6,789 6,642 5,847
Operating expenses                 648 653 620
Selling, general and administrative, including stock-based compensation                 1,088 1,063 875
Depreciation and amortization                 721 850 657
Restructuring Charges                 35    
Total operating costs and expenses                 9,281 9,208 7,999
Operating income (loss)                 1,100 1,011 1,170
Other income (expense):                      
Interest expense                 (293) (289) (283)
Share of earnings (losses) of affiliates, net                 38 42 55
Realized and unrealized gains (losses) on financial instruments, net                   2 42
Gains (losses) on transactions, net                 409    
Other, net                 (3) 42 (6)
Total other income (expense)                 151 (203) (192)
Earnings (loss) before income taxes                 1,251 808 978
Income tax (expense) benefit                 3 (297) (304)
Earnings (loss) from continuing operations                   511 674
Net earnings (loss)                 1,254 511 674
Less net earnings (losses) attributable to the noncontrolling interests                 46 38 34
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 887 $ 119 $ 111 $ 91 $ 188 $ 61 $ 130 $ 94 $ 1,208 $ 473 $ 640
Earnings (Loss) Per Common Share                      
Income (Loss) from Continuing Operations, Per Basic Share $ 2.07 $ 0.27 $ 0.25 $ 0.20 $ 0.41 $ 0.13 $ 0.27 $ 0.19 $ 2.71 $ 0.99 $ 1.35
Income (Loss) from Continuing Operations, Per Diluted Share 2.05 0.26 0.24 0.20 0.40 0.13 0.27 0.19 2.70 0.98 1.33
Earnings Per Share, Basic 2.07 0.27 0.25 0.20 0.41 0.13 0.27 0.19 2.71 0.99 1.35
Earnings Per Share, Diluted $ 2.05 $ 0.26 $ 0.24 $ 0.20 $ 0.40 $ 0.13 $ 0.27 $ 0.19 $ 2.70 $ 0.98 $ 1.33
Liberty Ventures common stock                      
Revenue:                      
Total revenue, net                 $ 23 $ 428 $ 820
Operating costs and expenses:                      
Cost of sales                   266 546
Operating expenses                 11 54 79
Selling, general and administrative, including stock-based compensation                 65 127 203
Depreciation and amortization                 4 24 46
Total operating costs and expenses                 80 471 874
Operating income (loss)                 (57) (43) (54)
Other income (expense):                      
Interest expense                 (62) (74) (77)
Share of earnings (losses) of affiliates, net                 (238) (110) (233)
Realized and unrealized gains (losses) on financial instruments, net                 618 1,173 72
Gains (losses) on transactions, net                 1 9 110
Other, net                 10 89 20
Total other income (expense)                 329 1,087 (108)
Earnings (loss) before income taxes                 272 1,044 (162)
Income tax (expense) benefit                 961 (301) 119
Earnings (loss) from continuing operations                   743 (43)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                   20 280
Net earnings (loss)                 1,233 763 237
Less net earnings (losses) attributable to the noncontrolling interests                   1 8
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 576 $ 177 $ 64 $ 416 $ 131 $ 408 $ 249 $ (26) $ 1,233 $ 762 $ 229
Earnings (Loss) Per Common Share                      
Income (Loss) from Continuing Operations, Per Basic Share $ 6.70 $ 2.06 $ 0.75 $ 4.89 $ 1.15 $ 2.68 $ 1.73 $ (0.07) $ 14.34 $ 5.54 $ (0.36)
Income (Loss) from Continuing Operations, Per Diluted Share 6.70 2.03 0.74 4.84 1.15 2.64 1.72 (0.07) 14.17 5.49 (0.36)
Earnings Per Share, Basic 6.70 2.06 0.75 4.89 1.21 2.87 1.75 (0.18) 14.34 5.69 1.61
Earnings Per Share, Diluted $ 6.70 $ 2.03 $ 0.74 $ 4.84 $ 1.21 $ 2.83 $ 1.74 $ (0.18) $ 14.17 $ 5.64 $ 1.60