Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

 v2.3.0.11
Condensed Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Net retail sales $ 2,245 $ 2,053 $ 4,404 $ 4,078
Communications and programming services 538 511 1,511 984
Total revenues 2,783 2,564 5,915 5,062
Operating costs and expenses:        
Cost of sales 1,398 1,284 2,775 2,578
Operating 541 558 1,137 1,014
Selling, general and administrative, including stock-based compensation (note 3) 294 271 618 617
Legal settlement     (7)  
Depreciation and amortization 168 164 338 326
Total operating costs and expenses 2,401 2,277 4,861 4,535
Operating income (loss) 382 287 1,054 527
Other income (expense):        
Interest expense (110) (174) (227) (344)
Share of earnings of affiliates, net (note 7) 15 39 7 48
Realized and unrealized gains on financial instruments, net (note 8) 143 (81) 186 86
Gains (losses) on dispositions, net   25 (2) 388
Other, net 29 2 72  
Other, net     70  
Total other income (expense) 77 (189) 36 178
Earnings from continuing operations before income taxes 459 98 1,090 705
Income tax expense (176) (57) (422) (265)
Net earnings (loss) 283 41 668 440
Less net earnings (losses) attributable to the noncontrolling interests 12 4 22 14
Net earnings attributable to Liberty Media Corporation shareholders 271 37 646 426
Segment, Liberty Capital [Member]
        
Revenue:        
Communications and programming services 135 200 716 366
Total revenues 135 200 716 366
Operating costs and expenses:        
Operating 98 196 296 301
Selling, general and administrative, including stock-based compensation (note 3) 36 66 67 181
Legal settlement     (7)  
Depreciation and amortization 15 21 31 37
Total operating costs and expenses 149 283 387 519
Operating income (loss) (14) (83) 329 (153)
Other income (expense):        
Interest expense (1) (10) (7) (33)
Intergroup interest income (expense)   (1)   1
Share of earnings of affiliates, net (note 7) (22) 3 (50) (11)
Realized and unrealized gains on financial instruments, net (note 8) 54 (88) 175 55
Gains (losses) on dispositions, net   25   24
Other, net 24 23   43
Other, net     49  
Total other income (expense) 55 (48)   79
Earnings from continuing operations before income taxes 41 (131) 496 (74)
Income tax expense (20) 46 (196) 11
Net earnings (loss) 21 (85) 300 (63)
Less net earnings (losses) attributable to the noncontrolling interests (1) (3) (1) (3)
Net earnings attributable to Liberty Media Corporation shareholders 22 (82) 301 (60)
Earnings (Loss) Per Common Share        
Basic net earnings attributable to Liberty Media Corporation shareholders per common share (note ___): $ 0.27 $ (0.86) $ 3.72 $ (0.63)
Diluted net earnings attributable to Liberty Media Corporation shareholders per common share (note ___): $ 0.27 $ (0.86) $ 3.63 $ (0.63)
Segment, Liberty Starz [Member]
        
Revenue:        
Communications and programming services 403 311 795 618
Total revenues 403 311 795 618
Operating costs and expenses:        
Operating 234 172 429 337
Selling, general and administrative, including stock-based compensation (note 3) 56 39 132 84
Depreciation and amortization 5 4 10 9
Total operating costs and expenses 295 215 571 430
Operating income (loss) 108 96 224 188
Other income (expense):        
Interest expense (2) (1) (3) (1)
Intergroup interest income (expense)       2
Realized and unrealized gains on financial instruments, net (note 8)     1 (1)
Other, net 2      
Total other income (expense)   (1)    
Earnings from continuing operations before income taxes 108 95 222 188
Income tax expense (41) (34) (102) (70)
Net earnings (loss) 67 61 120 118
Less net earnings (losses) attributable to the noncontrolling interests     1  
Net earnings attributable to Liberty Media Corporation shareholders 67 61 119 118
Earnings (Loss) Per Common Share        
Basic net earnings attributable to Liberty Media Corporation shareholders per common share (note ___): $ 1.31 $ 1.22 $ 2.33 $ 2.36
Diluted net earnings attributable to Liberty Media Corporation shareholders per common share (note ___): $ 1.26 $ 1.20 $ 2.25 $ 2.31
Segment, Liberty Interactive [Member]
        
Revenue:        
Net retail sales 2,245 2,053 4,404 4,078
Total revenues 2,245 2,053 4,404 4,078
Operating costs and expenses:        
Cost of sales 1,398 1,284 2,775 2,578
Operating 209 190 412 376
Selling, general and administrative, including stock-based compensation (note 3) 202 166 419 352
Depreciation and amortization 148 139 297 280
Total operating costs and expenses 1,957 1,779 3,903 3,586
Operating income (loss) 288 274 501 492
Other income (expense):        
Interest expense (107) (163) (217) (310)
Intergroup interest income (expense)   1   (3)
Share of earnings of affiliates, net (note 7) 37 36 57 59
Realized and unrealized gains on financial instruments, net (note 8) 89 7 10 32
Gains (losses) on dispositions, net       364
Other, net 3 (21)   (43)
Other, net     21  
Total other income (expense) 22 (140)   99
Earnings from continuing operations before income taxes 310 134 372 591
Income tax expense (115) (69) (124) (206)
Net earnings (loss) 195 65 248 385
Less net earnings (losses) attributable to the noncontrolling interests 13 7 22 17
Net earnings attributable to Liberty Media Corporation shareholders $ 182 $ 58 $ 226 $ 368
Earnings (Loss) Per Common Share        
Basic net earnings attributable to Liberty Media Corporation shareholders per common share (note ___): $ 0.30 $ 0.10 $ 0.38 $ 0.62
Diluted net earnings attributable to Liberty Media Corporation shareholders per common share (note ___): $ 0.30 $ 0.10 $ 0.37 $ 0.61