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

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2011

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Certain combined financial information for LMC, which is included in earnings (loss) from discontinued operations, is as follows:



	Three months ended September 30,				Nine months ended September 30,
	2011			2010	2011	2010
	amounts in millions
Revenue	$	497		570	2,008	1,554
Earnings (loss) before income taxes	$	(74	)	130	628	407

A summary of certain asset and liability amounts for LMC as of the respective dates are as follows:



	September 23, 2011		December 31, 2010
Assets	amounts in millions
Cash and cash equivalents	$	2,075	1,826
Investments in available-for-sale securities and other cost investments including $1,115 and $1,219 million pledged as collateral for share borrowing arrangements	$	2,847	3,441

Liabilities
Financial instruments	$	1,125	1,230
Deferred income tax liabilities	$	428	214
Debt	$	791	855

Discontinued Operations Earnings Per Share [Table Text Block]

The per share impact from discontinued operations is as follows:



	Three months ended				Nine months ended
	September 30,				September 30,
	2011			2010	2011	2010
Basic earnings (losses) from discontinued operations attributable to Liberty shareholders per common share (note 4):
Series A and Series B Liberty Capital common stock	$	(1.11	)	0.51	2.48	(0.28	)
Series A and Series B Liberty Starz common stock	$	1.14		0.96	3.47	3.32
Series A and Series B Liberty Interactive common stock	$	—		—	—	0.19
Diluted earnings (losses) from discontinued operations attributable to Liberty shareholders per common share (note 4):
Series A and Series B Liberty Capital common stock	$	(1.11	)	0.49	2.42	(0.28	)
Series A and Series B Liberty Starz common stock	$	1.09		0.92	3.34	3.19
Series A and Series B Liberty Interactive common stock	$	—		—	—	0.18

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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