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Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations

v3.3.1.900
Condensed Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenue, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý $ 9,989 $ 10,499 $ 10,219
Operating costs and expenses: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Cost of sales Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 6,393 6,684 6,533
Operating expenses Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 699 756 732
Selling, general and administrative, including stock-based compensation Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 1,078 1,202 1,159
Depreciation and amortization Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 703 662 629
Impairment of intangible assets Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 7 30
Total operating costs and expenses Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 8,873 9,311 9,083
Operating income (loss) $ 364 $ 247 $ 269 $ 236 $ 444 $ 239 $ 259 $ 246 1,116 1,188 1,136
Other income (expense): Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Interest expense Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (360) (387) (380)
Share of earnings (losses)ffiliates, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (60) 39 33
Realized and unrealized gains (losses) on financial instruments, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 114 (57) (22)
Gains (losses) on transactions, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 110 74 (1)
Gain (Loss) on Sale of Previously Unissued Stock by Subsidiary or Equity Investee, Nonoperating Income Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 314 (2) 1
Other, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 19 (19) (30)
Total other income (expense) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 137 (352) (399)
Earnings (loss) from continuing operations before income taxes Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 1,253 836 737
Income tax (expense) benefit Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (342) (258) (183)
Earnings (loss) from continuing operations 303 198 258 152 271 129 87 91 911 578 554
Earnings (loss) from discontinued operations, net of taxes Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 48 26
Net earnings (loss) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 911 626 580
Less net earnings (losses) attributable to the noncontrolling interests Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 42 89 79
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 869 537 501
QVC Group Common Stock Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenue, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 9,169 10,028 10,219
Operating costs and expenses: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Cost of sales Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 5,847 6,378 6,533
Operating expenses Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 620 719 732
Selling, general and administrative, including stock-based compensation Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 875 1,075 1,140
Depreciation and amortization Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 657 643 629
Impairment of intangible assets Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 7 30
Total operating costs and expenses Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 7,999 8,822 9,064
Operating income (loss) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 1,170 1,206 1,155
Other income (expense): Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Interest expense Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (283) (312) (290)
Share of earnings (losses)ffiliates, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 55 51 48
Realized and unrealized gains (losses) on financial instruments, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 42 (22) (12)
Gains (losses) on transactions, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (1)
Gain (Loss) on Sale of Previously Unissued Stock by Subsidiary or Equity Investee, Nonoperating Income Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (2) 4
Other, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (6) (41) (58)
Total other income (expense) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (192) (326) (309)
Earnings (loss) from continuing operations before income taxes Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 978 880 846
Income tax (expense) benefit Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (304) (306) (346)
Earnings (loss) from continuing operations Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 574 500
Earnings (loss) from discontinued operations, net of taxes Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (15) (17)
Net earnings (loss) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 674 559 483
Less net earnings (losses) attributable to the noncontrolling interests Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 34 39 45
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 223 $ 154 $ 112 $ 151 $ 222 $ 83 $ 105 $ 110 $ 640 $ 520 $ 438
Earnings (Loss) Per Common Share Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Income (Loss) from Continuing Operations, Per Basic Share $ 0.45 $ 0.33 $ 0.24 $ 0.32 $ 0.47 $ 0.18 $ 0.23 $ 0.23 $ 1.35 $ 1.10 $ 0.88
Income (Loss) from Continuing Operations, Per Diluted Share 0.44 0.33 0.24 0.31 0.46 0.18 0.23 0.23 1.33 1.09 0.86
Earnings Per Share, Basic 0.45 0.33 0.24 0.32 0.47 0.17 0.22 0.22 1.35 1.07 0.85
Earnings Per Share, Diluted $ 0.44 $ 0.33 $ 0.24 $ 0.31 $ 0.46 $ 0.17 $ 0.21 $ 0.22 $ 1.33 $ 1.06 $ 0.83
Liberty Ventures common stock Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenue, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý $ 820 $ 471 Ìý
Operating costs and expenses: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Cost of sales Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 546 306 Ìý
Operating expenses Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 79 37 Ìý
Selling, general and administrative, including stock-based compensation Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 203 127 $ 19
Depreciation and amortization Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 46 19 Ìý
Total operating costs and expenses Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 874 489 19
Operating income (loss) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (54) (18) (19)
Other income (expense): Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Interest expense Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (77) (75) (90)
Share of earnings (losses)ffiliates, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (115) (12) (15)
Realized and unrealized gains (losses) on financial instruments, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 72 (35) (10)
Gains (losses) on transactions, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 110 74 Ìý
Gain (Loss) on Sale of Previously Unissued Stock by Subsidiary or Equity Investee, Nonoperating Income Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 314 Ìý (3)
Other, net Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 25 22 28
Total other income (expense) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 329 (26) (90)
Earnings (loss) from continuing operations before income taxes Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 275 (44) (109)
Income tax (expense) benefit Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (38) 48 163
Earnings (loss) from continuing operations Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 4 54
Earnings (loss) from discontinued operations, net of taxes Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 63 43
Net earnings (loss) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 237 67 97
Less net earnings (losses) attributable to the noncontrolling interests Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 8 50 34
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders $ 71 $ 36 $ 130 $ (8) $ 36 $ 37 $ (28) $ (28) $ 229 $ 17 $ 63
Earnings (Loss) Per Common Share Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Income (Loss) from Continuing Operations, Per Basic Share $ 0.50 $ 0.26 $ 0.92 $ (0.06) $ 0.28 $ 0.47 $ (0.47) $ (0.45) $ 1.61 $ 0.03 $ 0.74
Income (Loss) from Continuing Operations, Per Diluted Share 0.50 0.25 0.91 (0.06) 0.28 0.46 (0.47) (0.45) 1.60 0.03 0.73
Earnings Per Share, Basic 0.50 0.26 0.92 (0.06) 0.28 0.51 (0.38) (0.38) 1.61 0.19 0.86
Earnings Per Share, Diluted $ 0.50 $ 0.25 $ 0.91 $ (0.06) $ 0.28 $ 0.50 $ (0.38) $ (0.38) $ 1.60 $ 0.19 $ 0.85