jvid视频. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method

锘�

Investments In Affiliates Accounted For Using The Equity Method

6 Months Ended

Jun. 30, 2011

Investments In Affiliates Accounted For Using The Equity Method

听

Investments In Affiliates Accounted For Using The Equity Method

(7)听听听听听听听 Investments in Affiliates Accounted for Using the Equity Method

Liberty has various investments accounted for using the equity method.听 The following table includes Liberty's carrying amount and percentage ownership of the more significant investments in affiliates at June 30, 2011 and the carrying amount at December 31, 2010:

听


听	听		听	December 31,听
听	听听听听听听听听听听听听听听听听听听听听听听听 June 30, 2011听听听听听听听听听听听听听听听听听听听听听听听听听			听听听听听听 2010听听听听听听听
听	听 Percentage听	听听听 Market听听	听听听 Carrying听听	听听听 Carrying听听听听听
听	听 ownership听听	听听听听 Value听听听	听听听听 amount听听听	听听听听 amount听听听听听
听	听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听 dollar amounts in millions听听听听听听听听听听听听听听听
Interactive Group	听	听	听	听
Expedia	25%	$听听听听听听听 2,007	$听听听听听听听听听听听 753	听听听听听听听听听听听听听 710
Other	various	听听听听听听听听听听听 N/A	听听听听听听听听听听听听听 265	听听听听听听听听听听听听听 239
Capital Group	听	听	听	听
SIRIUS XM	40%	$听听听听听听听 5,665	听听听听听听听听听听听听听听听听 --	听听听听听听听听听听听听听听听听听 5
Live Nation (a)	21%	$听听听听听听听听听听 449	听听听听听听听听听听听听听 371	听听听听听听听听听听听听听听听听 --
Other	various	听听听听听听听听听听听 N/A	听听听听听听听听听听听听听听听 89	听听听听听听听听听听听听听听听 86
听	听	听	$听听听听听听听听听 1,478	听听听听听听听听听听 1,040

The following table presents Liberty's share of earnings (losses) of affiliates:

听


听	听听听听听听 Three months ended		听听听听听听听听 Six months ended
听	听听听听听听听听听听听听听听听 June 30,听听听听听听听听听听听听听听听		听听听听听听听听听听听听听听听 June 30,听听听听听听听听听听听听听听
听	听听听听听听 2011听听听听	听听听听听听 2010听听听听	听听听听听听 2011听听听听	听听听听听 2010听听听听听	听
听	amounts in millions
Interactive Group	听	听	听	听	听
Expedia	$听听听听听听听听听听听听听 35	听听听听听听听听听听听听听听 28	听听听听听听听听听听听听听听 48	听听听听听听听听听听听听听听 42	听
Other	听听听听听听听听听听听听听听听听听 2	听听听听听听听听听听听听听听听 8	听听听听听听听听听听听听听听听 9	听听听听听听听听听听听听听听 17	听
Capital Group	听	听	听	听	听
SIRIUS XM	听听听听听听听听听听听听听听听听 (1)	听听听听听听听听听听听听听听听 8	听听听听听听听听听听听听听听 (8)	听听听听听听听听听听听听听听听 --	听
Live Nation (a)	听听听听听听听听听听听听听听 (22)	听听听听听听听听听听听听听听听 --	听听听听听听听听听听听听听 (45)	听听听听听听听听听听听听听听听 --	听
Other	听听听听听听听听听听听听听听听听听 1	听听听听听听听听听听听听听听 (5)	听听听听听听听听听听听听听听听 3	听听听听听听听听听听听听听 (11)	听
听	$听听听听听听听听听听听听听 15	听听听听听听听听听听听听听听 39	听听听听听听听听听听听听听听听 7	听听听听听听听听听听听听听听 48	听

听

听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听

(a)During June 2011, Liberty acquired an additional 5.5 million shares of Live Nation which increased our ownership percentage above 20% of the outstanding voting shares.听 Due to the presumption that an entity with an ownership percentage greater than 20% has significant influence and no other factors would rebut that presumption, the Company is accounting for the investment as an equity method affiliate.听 The Company has elected to record its share of earnings (loss) for Live Nation on a three-month lag due to timeliness considerations.听 Increases in ownership which result in a change to the equity method of accounting generally require retroactive recognition of an investment's share of earnings (loss) in prior periods.听 Due to the relative insignificance of our share of losses for Live Nation in previous periods, both quantitatively and qualitatively, the Company has recorded such amounts in the current year.听 Approximately $12 million of the losses recorded for the six months ended June 30, 2011 relate to the prior year.

听

Expedia

Summarized unaudited financial information for Expedia is as follows:

听


听听听听听听听听 Expedia Consolidated Balance Sheets	听				听
听	听听听 June 30,听听听听听		December 31,
听	听听听听听听 2011听听听听听听听		听听听听听听 2010听听听听听	听
听	amounts in millions				听
听	听	听			听
Current assets	$听听听听听听听听听听听听 2,954	听听听听听听听听听听听 1,702			听
Property and equipment, net	听听听听听听听听听听听听听听听听 318	听听听听听听听听听听听听听 277			听
Goodwill	听听听听听听听听听听听听听 3,679	听听听听听听听听听听听 3,642			听
Intangible assets	听听听听听听听听听听听听听听听听 793	听听听听听听听听听听听听听 798			听
Other assets	听听听听听听听听听听听听听听听听 301	听听听听听听听听听听听听听 232			听
听听听听听 Total assets	$听听听听听听听听听听听听 8,045	听听听听听听听听听听听 6,651			听
听	听	听			听
Current liabilities	$听听听听听听听听听听听听 2,998	听听听听听听听听听听听 1,889			听
Deferred income taxes	听听听听听听听听听听听听听听听听 266	听听听听听听听听听听听听听 248			听
Long-term debt	听听听听听听听听听听听听听 1,645	听听听听听听听听听听听 1,645			听
Other liabilities	听听听听听听听听听听听听听听听听 122	听听听听听听听听听听听听听 132			听
Noncontrolling interest	听听听听听听听听听听听听听听听听 134	听听听听听听听听听听听听听听听 64			听
Equity	听听听听听听听听听听听听听 2,880	听听听听听听听听听听听 2,673			听
听听听听听 Total liabilities and equity	$听听听听听听听听听听听听 8,045	听听听听听听听听听听听 6,651			听

听


听听听听听听听听听 Expedia Consolidated Statements of Operations	听
听	听听听听听听听听听 Six months ended听听听听听听听
听	听听听听听听听听听听听听听听听听 June 30,听听听听听听听听听听听听听听
听	听听听听听听 2011听听听听	听听听听听 2010听听听听听
听	amounts in millions
听	听	听
听听听听听听听听听听听听听听 Revenue	$听听听听听听听听 1,846	听听听听听听听听 1,552
听听听听听听听听听听听听听听 Cost of revenue	听听听听听听听听听听听听 (376)	听听听听听听听听听听 (327)
听听听听听听听听听听听听听听听听听听听听 Gross profit	听听听听听听听听听听 1,470	听听听听听听听听 1,225
听听听听听听听听听听听听听听 Selling, general and administrative expenses	听听听听听听听听听 (1,116)	听听听听听听听听听听 (902)
听听听听听听听听听听听听听听 Amortization	听听听听听听听听听听听听听 (15)	听听听听听听听听听听听听 (17)
听听听听听听听听听听听听听听 Restructuring charges and other	听听听听听听听听听听听听听听听 (4)	听听听听听听听听听听听听听听 --
听听听听听听听听听听听听听听听听听听听听 Operating income	听听听听听听听听听听听听听 335	听听听听听听听听听听听 306
听	听	听
听听听听听听听听听听听听听听 Interest expense	听听听听听听听听听听听听听 (62)	听听听听听听听听听听听听 (41)
听听听听听听听听听听听听听听 Other income (expense), net	听听听听听听听听听听听听听听听 (3)	听听听听听听听听听听听听听听听 3
听听听听听听听听听听听听听听 Income tax expense	听听听听听听听听听听听听听 (77)	听听听听听听听听听听听听 (92)
听听听听听听听听听听听听听听听听听听听听 Net earnings	听听听听听听听听听听听听听 193	听听听听听听听听听听听 176
听听听听听听听听听 Net earnings attributable to noncontrolling interests	听听听听听听听听听听听听听听听 (1)	听听听听听听听听听听听听听听 (2)
听听听听听听听听听 Net earnings attributable to Expedia, Inc.	$听听听听听听听听听听听 192	听听听听听听听听听听听 174

Sirius XM Radio Inc.

听

Based on Liberty's voting rights and its conclusion that the SIRIUS XM Preferred Stock is in-substance common stock, Liberty accounts for its investment in the SIRIUS XM Preferred Stock using the equity method of accounting.听 Liberty has elected to record its share of earnings (loss) for SIRIUS XM on a three-month lag due to timeliness considerations.听 As of March 31, 2011 and 2010 SIRIUS XM had total assets of $7,229 million and $7,740 million, respectively, and total liabilities of $6,930 million and $7,588 million, respectively.听 SIRIUS XM's net income attributable to common shareholders was $78 million and $42 million for the three months ended March 31, 2011 and 2010.

听

As of June 30, 2011, the SIRIUS XM Preferred Stock had a market value of $5,665 million based on the value of the common stock into which it is convertible.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References + Details