Annual report pursuant to Section 13 and 15(d)

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

v2.4.0.6
Investments In Affiliates Accounted For Using The Equity Method (Tables)
 12 Months Ended
Dec. 31, 2011
Investments In Affiliates Accounted For Using The Equity Method  
Schedule Of Equity Ownership And Carrying Amount
 
December 31, 2011
 
December 31,
2010

 
Percentage
ownership
 
Market
value
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in millions
Expedia, Inc. (1)(2)
26
%
 
$
1,004

 
$
621

 
710

TripAdvisor, Inc. (1)
26
%
 
$
873

 
184

 
—

HSN,Inc.
34
%
 
$
726

 
217

 
133

Other
various

 
N/A

 
113

 
106

 
 

 
 

 
$
1,135

 
949

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
 
 
Years ended December 31,
 
 
2011
 
2010
 
2009
 
amounts in millions
Expedia, Inc. (1)
 
$
119

 
103

 
72

TripAdvisor, Inc. (1)
 
—

 
—

 
—

HSN,Inc.
 
38

 
31

 
(37
)
Other
 
(17
)
 
(22
)
 
(11
)
 
 
$
140

 
112

 
24

Expedia Consolidated Balance Sheets
 
December 31, 2011
 
December 31,
2010
 
amounts in millions
Current assets
$
2,275

 
1,708

Property and equipment, net
320

 
246

Goodwill
2,877

 
2,865

Intangible assets
744

 
747

Assets of discontinued operations, noncurrent
—

 
865

Other assets
289

 
226

Total assets
$
6,505

 
6,657

Current liabilities
$
2,553

 
1,896

Deferred income taxes
280

 
264

Long-term debt
1,249

 
1,249

Liabilities of discontinued operations, noncurrent
—

 
396

Other liabilities
118

 
115

Noncontrolling interest
105

 
64

Equity
2,200

 
2,673

Total liabilities and equity
$
6,505

 
6,657

Expedia Consolidated Statement Of Operations
 
Years ended December 31,
 
2011
 
2010
 
2009
 
amounts in millions
Revenue
$
3,449

 
3,034

 
2,743

Cost of revenue
(761
)
 
(685
)
 
(603
)
Gross profit
2,688

 
2,349

 
2,140

Selling, general and administrative expenses
(2,186
)
 
(1,825
)
 
(1,684
)
Amortization
(22
)
 
(23
)
 
(24
)
Restructuring charges and other
—

 
—

 
(34
)
Operating income
480

 
501

 
398

Interest expense
(91
)
 
(66
)
 
(49
)
Other income (expense), net
13

 
(10
)
 
(29
)
Income tax (expense) benefit
(76
)
 
(120
)
 
(101
)
Income (loss) from continuing operations
326

 
305

 
219

Discontinued operations, net of tax
148

 
120

 
85

Net earnings (loss)
474

 
425

 
304

Less net earnings (loss) attributable to noncontrolling interests
(2
)
 
(4
)
 
(4
)
Net earnings (loss) attributable to Expedia, Inc. 
$
472

 
421

 
300