Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v2.3.0.15
Investments In Affiliates Accounted For Using The Equity Method (Tables)
 9 Months Ended
Sep. 30, 2011
Investments In Affiliates Accounted For Using The Equity Method  
Schedule Of Equity Ownership And Carrying Amount
 
September 30, 2011
 
December 31,
2010

 
Percentage
ownership
 
Market
value
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in millions
Expedia
25
%
 
$
1,782

 
$
795

 
710

Other
various

 
N/A

 
271

 
239

 
 

 
 

 
$
1,066

 
949

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
 
Three months
ended
 
Nine months
ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
 
amounts in millions
Expedia
$
56

 
43

 
104

 
85

Other
6

 
(7
)
 
15

 
8

 
$
62

 
36

 
119

 
93

Expedia Consolidated Balance Sheets
 
September 30,
2011

 
December 31,
2010

 
amounts in millions
Current assets
$
2,598

 
1,702

Property and equipment, net
341

 
277

Goodwill
3,653

 
3,642

Intangible assets
779

 
798

Other assets
306

 
232

Total assets
$
7,677

 
6,651

Current liabilities
$
2,616

 
1,889

Deferred income taxes
258

 
248

Long-term debt
1,645

 
1,645

Other liabilities
120

 
132

Noncontrolling interest
140

 
64

Equity
2,898

 
2,673

Total liabilities and equity
$
7,677

 
6,651

Expedia Consolidated Statement Of Operations
 
Nine months
ended
 
September 30,
 
2011
 
2010
 
amounts in millions
Revenue
$
2,987

 
2,540

Cost of revenue
(586
)
 
(517
)
Gross profit
2,401

 
2,023

Selling, general and administrative expenses
(1,745
)
 
(1,415
)
Amortization
(23
)
 
(25
)
Restructuring charges and other
(8
)
 
—

Operating income
625

 
583

Interest expense
(95
)
 
(68
)
Other income (expense), net
12

 
(9
)
Income tax (expense) benefit
(138
)
 
(152
)
Net earnings (loss)
404

 
354

Less net earnings (loss) attributable to noncontrolling interests
(2
)
 
(4
)
Net earnings (loss) attributable to Expedia, Inc. 
$
402

 
350