Quarterly report pursuant to Section 13 or 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)
 3 Months Ended
Mar. 31, 2012
Investments In Affiliates Accounted For Using The Equity Method  
Schedule Of Equity Ownership And Carrying Amount
The following table includes Liberty's carrying amount and percentage ownership of the more significant investments in affiliates at March 31, 2012 and the carrying amount at December 31, 2011:

 
March 31, 2012
 
December 31, 2011
 
Percentage
ownership
 
Market
value (level 1)
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in millions
Expedia, Inc. (a)
27
%
 
$
1,157

 
$
616

 
621

TripAdvisor, Inc. (b)
26
%
 
1,235

 
197

 
184

HSN, Inc.
34
%
 
761

 
229

 
217

Other
various

 
N/A

 
110

 
113

 
 

 
 

 
$
1,152

 
1,135

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents Liberty's share of earnings (losses) of affiliates:
 
Three months
ended
 
March 31,
 
2012
 
2011
 
amounts in millions
Expedia (1)
$
(2
)
 
13

TripAdvisor, Inc. (1)
11

 
—

HSN, Inc.
15

 
13

Other
(13
)
 
(6
)
 
$
11

 
20

Expedia Consolidated Balance Sheets
 
March 31, 2012
 
December 31, 2011
 
amounts in millions
Current assets
$
2,585

 
2,274

Property and equipment, net
344

 
320

Goodwill
2,889

 
2,877

Intangible assets
739

 
744

Other assets
261

 
290

Total assets
$
6,818

 
6,505

Current liabilities
$
3,002

 
2,553

Deferred income taxes
288

 
280

Long-term debt
1,249

 
1,249

Other liabilities
123

 
118

Noncontrolling interest
107

 
105

Equity
2,049

 
2,200

Total liabilities and equity
$
6,818

 
6,505

Expedia Consolidated Statement Of Operations
 
Three months ended
 
March 31,
 
2012
 
2011
 
amounts in millions
Revenue
$
816

 
728

Cost of revenue
(200
)
 
(176
)
Gross profit
616

 
552

Selling, general and administrative expenses
(564
)
 
(509
)
Amortization
(3
)
 
(6
)
Restructuring charges and other
—

 
(2
)
Operating income
49

 
35

Interest expense
(21
)
 
(23
)
Other income (expense), net
(1
)
 
(3
)
Income tax (expense) benefit
(5
)
 
(3
)
Income from continuing operations
22

 
6

Earnings (loss) from discontinued operations
(24
)
 
46

Net earnings (loss)
(2
)
 
52

Less net earnings (loss) attributable to noncontrolling interests
(1
)
 
—

Net earnings (loss) attributable to Expedia, Inc. shareholders
$
(3
)
 
52