Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2017 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Ìý
|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
JuneÌý30, 2017Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Assets
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash and cash equivalents
|
Ìý
|
$
|
420
|
Ìý
|
485
|
Ìý
|
905
|
Ìý
|
|
Trade and other receivables, net
|
Ìý
|
Ìý
|
854
|
Ìý
|
37
|
Ìý
|
891
|
Ìý
|
|
Inventory, net
|
Ìý
|
Ìý
|
1,096
|
Ìý
|
Ìý—
|
Ìý
|
1,096
|
Ìý
|
|
Other current assets
|
Ìý
|
Ìý
|
85
|
Ìý
|
Ìý1
|
Ìý
|
86
|
Ìý
|
|
Total current assets
|
Ìý
|
Ìý
|
2,455
|
Ìý
|
523
|
Ìý
|
2,978
|
Ìý
|
|
Investments in available-for-sale securities and other cost investments (note 2)
|
Ìý
|
Ìý
|
Ìý3
|
Ìý
|
2,344
|
Ìý
|
2,347
|
Ìý
|
|
Investments in affiliates, accounted for using the equity method (note 3)
|
Ìý
|
Ìý
|
231
|
Ìý
|
415
|
Ìý
|
646
|
Ìý
|
|
Investment in Liberty Broadband measured at fair value (note 3)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
3,703
|
Ìý
|
3,703
|
Ìý
|
|
Property and equipment, net
|
Ìý
|
Ìý
|
1,115
|
Ìý
|
Ìý1
|
Ìý
|
1,116
|
Ìý
|
|
Intangible assets not subject to amortization
|
Ìý
|
Ìý
|
9,376
|
Ìý
|
29
|
Ìý
|
9,405
|
Ìý
|
|
Intangible assets subject to amortization, net
|
Ìý
|
Ìý
|
743
|
Ìý
|
Ìý4
|
Ìý
|
747
|
Ìý
|
|
Other assets, at cost, net of accumulated amortization
|
Ìý
|
Ìý
|
30
|
Ìý
|
Ìý1
|
Ìý
|
31
|
Ìý
|
|
Total assets
|
Ìý
|
$
|
13,953
|
Ìý
|
7,020
|
Ìý
|
20,973
|
Ìý
|
|
Liabilities and Equity
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Intergroup payable (receivable) (note 7)
|
Ìý
|
$
|
66
|
Ìý
|
(66)
|
Ìý
|
Ìý—
|
Ìý
|
|
Accounts payable
|
Ìý
|
Ìý
|
714
|
Ìý
|
Ìý—
|
Ìý
|
714
|
Ìý
|
|
Accrued liabilities
|
Ìý
|
Ìý
|
577
|
Ìý
|
26
|
Ìý
|
603
|
Ìý
|
|
Current portion of debt (note 4)
|
Ìý
|
Ìý
|
16
|
Ìý
|
945
|
Ìý
|
961
|
Ìý
|
|
Other current liabilities
|
Ìý
|
Ìý
|
189
|
Ìý
|
Ìý3
|
Ìý
|
192
|
Ìý
|
|
Total current liabilities
|
Ìý
|
Ìý
|
1,562
|
Ìý
|
908
|
Ìý
|
2,470
|
Ìý
|
|
Long-term debt (note 4)
|
Ìý
|
Ìý
|
6,081
|
Ìý
|
854
|
Ìý
|
6,935
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
|
Ìý
|
1,058
|
Ìý
|
2,862
|
Ìý
|
3,920
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
145
|
Ìý
|
Ìý4
|
Ìý
|
149
|
Ìý
|
|
Total liabilities
|
Ìý
|
Ìý
|
8,846
|
Ìý
|
4,628
|
Ìý
|
13,474
|
Ìý
|
|
Equity/Attributed net assets (liabilities)
|
Ìý
|
Ìý
|
5,005
|
Ìý
|
2,401
|
Ìý
|
7,406
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
102
|
Ìý
|
(9)
|
Ìý
|
93
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
13,953
|
Ìý
|
7,020
|
Ìý
|
20,973
|
Ìý
|
Ìý
|
| Condensed Income Statement |
STATEMENT OF OPERATIONS INFORMATION
Six months ended JuneÌý30, 2017
(unaudited)
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
QVC
|
Ìý
|
Ventures
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
4,669
|
Ìý
|
10
|
Ìý
|
4,679
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
2,999
|
Ìý
|
Ìý—
|
Ìý
|
2,999
|
Ìý
|
|
Operating, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
296
|
Ìý
|
Ìý5
|
Ìý
|
301
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
471
|
Ìý
|
27
|
Ìý
|
498
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
412
|
Ìý
|
Ìý2
|
Ìý
|
414
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
4,178
|
Ìý
|
34
|
Ìý
|
4,212
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
491
|
Ìý
|
(24)
|
Ìý
|
467
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(149)
|
Ìý
|
(30)
|
Ìý
|
(179)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
20
|
Ìý
|
(56)
|
Ìý
|
(36)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
818
|
Ìý
|
817
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(10)
|
Ìý
|
Ìý4
|
Ìý
|
(6)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(140)
|
Ìý
|
736
|
Ìý
|
596
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
351
|
Ìý
|
712
|
Ìý
|
1,063
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(128)
|
Ìý
|
(232)
|
Ìý
|
(360)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
223
|
Ìý
|
480
|
Ìý
|
703
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý—
|
Ìý
|
21
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
202
|
Ìý
|
480
|
Ìý
|
682
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Six months ended JuneÌý30, 2016
(unaudited)
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
Ìý
|
4,791
|
Ìý
|
282
|
Ìý
|
5,073
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
Ìý
|
3,073
|
Ìý
|
174
|
Ìý
|
3,247
|
Ìý
|
|
Operating, including stock-based compensation
|
Ìý
|
Ìý
|
Ìý
|
310
|
Ìý
|
37
|
Ìý
|
347
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
Ìý
|
525
|
Ìý
|
77
|
Ìý
|
602
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
Ìý
|
423
|
Ìý
|
15
|
Ìý
|
438
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
4,331
|
Ìý
|
303
|
Ìý
|
4,634
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
Ìý
|
460
|
Ìý
|
(21)
|
Ìý
|
439
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
Ìý
|
(147)
|
Ìý
|
(38)
|
Ìý
|
(185)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
Ìý
|
30
|
Ìý
|
(29)
|
Ìý
|
Ìý1
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
332
|
Ìý
|
336
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý
|
25
|
Ìý
|
113
|
Ìý
|
138
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
(88)
|
Ìý
|
378
|
Ìý
|
290
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
Ìý
|
372
|
Ìý
|
357
|
Ìý
|
729
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
Ìý
|
(129)
|
Ìý
|
(121)
|
Ìý
|
(250)
|
Ìý
|
|
Net earnings (loss) from continuing operations
|
Ìý
|
Ìý
|
Ìý
|
243
|
Ìý
|
236
|
Ìý
|
479
|
Ìý
|
|
Net earnings (loss) from discontinued operations
|
Ìý
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(13)
|
Ìý
|
(13)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
Ìý
|
243
|
Ìý
|
223
|
Ìý
|
466
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
Ìý
|
19
|
Ìý
|
Ìý—
|
Ìý
|
19
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
Ìý
|
224
|
Ìý
|
223
|
Ìý
|
447
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýJuneÌý30, 2017Ìý
(unaudited)
Ìý
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
QVC
|
Ìý
|
Ventures
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
2,346
|
Ìý
|
Ìý6
|
Ìý
|
2,352
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
1,494
|
Ìý
|
Ìý—
|
Ìý
|
1,494
|
Ìý
|
|
Operating
|
Ìý
|
Ìý
|
148
|
Ìý
|
Ìý2
|
Ìý
|
150
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
234
|
Ìý
|
14
|
Ìý
|
248
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
205
|
Ìý
|
Ìý1
|
Ìý
|
206
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
2,081
|
Ìý
|
17
|
Ìý
|
2,098
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
265
|
Ìý
|
(11)
|
Ìý
|
254
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(74)
|
Ìý
|
(15)
|
Ìý
|
(89)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
(15)
|
Ìý
|
(9)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
116
|
Ìý
|
116
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(8)
|
Ìý
|
Ìý1
|
Ìý
|
(7)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(76)
|
Ìý
|
87
|
Ìý
|
11
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
189
|
Ìý
|
76
|
Ìý
|
265
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(69)
|
Ìý
|
(12)
|
Ìý
|
(81)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
120
|
Ìý
|
64
|
Ìý
|
184
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
|
Net earnings (loss) attributable to Liberty Interactive CorporationÌýÌýshareholders
|
Ìý
|
$
|
111
|
Ìý
|
64
|
Ìý
|
175
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýJuneÌý30, 2016Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
2,424
|
Ìý
|
139
|
Ìý
|
2,563
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
1,538
|
Ìý
|
83
|
Ìý
|
1,621
|
Ìý
|
|
Operating
|
Ìý
|
Ìý
|
157
|
Ìý
|
20
|
Ìý
|
177
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
261
|
Ìý
|
33
|
Ìý
|
294
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
214
|
Ìý
|
Ìý7
|
Ìý
|
221
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
2,170
|
Ìý
|
143
|
Ìý
|
2,313
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
254
|
Ìý
|
(4)
|
Ìý
|
250
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(71)
|
Ìý
|
(21)
|
Ìý
|
(92)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
(11)
|
Ìý
|
(2)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý5
|
Ìý
|
338
|
Ìý
|
343
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
20
|
Ìý
|
80
|
Ìý
|
100
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(37)
|
Ìý
|
386
|
Ìý
|
349
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
217
|
Ìý
|
382
|
Ìý
|
599
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(76)
|
Ìý
|
(136)
|
Ìý
|
(212)
|
Ìý
|
|
Net earnings (loss) from continuing operations
|
Ìý
|
Ìý
|
141
|
Ìý
|
246
|
Ìý
|
387
|
Ìý
|
|
Earnings (loss) from discontinued operations
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý3
|
Ìý
|
Ìý3
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
141
|
Ìý
|
249
|
Ìý
|
390
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý—
|
Ìý
|
11
|
Ìý
|
|
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
|
Ìý
|
$
|
130
|
Ìý
|
249
|
Ìý
|
379
|
Ìý
|
Ìý
|
| Condensed Cash Flow Statement |
STATEMENT OF CASH FLOWS INFORMATION
Six months endedÌýJuneÌý30, 2017Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
223
|
Ìý
|
480
|
Ìý
|
703
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
412
|
Ìý
|
Ìý2
|
Ìý
|
414
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
30
|
Ìý
|
Ìý7
|
Ìý
|
37
|
Ìý
|
|
Share of (earnings) losses of affiliates, net
|
Ìý
|
Ìý
|
(20)
|
Ìý
|
56
|
Ìý
|
36
|
Ìý
|
|
Cash receipts from return on equity investments
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý—
|
Ìý
|
14
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
(818)
|
Ìý
|
(817)
|
Ìý
|
|
Deferred income tax (benefit) expense
|
Ìý
|
Ìý
|
(78)
|
Ìý
|
341
|
Ìý
|
263
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý2
|
Ìý
|
13
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
110
|
Ìý
|
(110)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax payments (receipts)
|
Ìý
|
Ìý
|
(155)
|
Ìý
|
155
|
Ìý
|
Ìý—
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
291
|
Ìý
|
Ìý8
|
Ìý
|
299
|
Ìý
|
|
Payables and other current liabilities
|
Ìý
|
Ìý
|
(179)
|
Ìý
|
Ìý—
|
Ìý
|
(179)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
660
|
Ìý
|
123
|
Ìý
|
783
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Investment in and loans to cost and equity investees
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(118)
|
Ìý
|
(118)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(73)
|
Ìý
|
(1)
|
Ìý
|
(74)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(28)
|
Ìý
|
(1)
|
Ìý
|
(29)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(101)
|
Ìý
|
(120)
|
Ìý
|
(221)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
1,199
|
Ìý
|
Ìý—
|
Ìý
|
1,199
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(1,491)
|
Ìý
|
(6)
|
Ìý
|
(1,497)
|
Ìý
|
|
Repurchases of QVC Group common stock
|
Ìý
|
Ìý
|
(152)
|
Ìý
|
Ìý—
|
Ìý
|
(152)
|
Ìý
|
|
Withholding taxes on net settlements of stock-based compensation
|
Ìý
|
Ìý
|
(12)
|
Ìý
|
(1)
|
Ìý
|
(13)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(30)
|
Ìý
|
Ìý2
|
Ìý
|
(28)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(486)
|
Ìý
|
(5)
|
Ìý
|
(491)
|
Ìý
|
|
Effect of foreign currency rates on cash
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
82
|
Ìý
|
(2)
|
Ìý
|
80
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
338
|
Ìý
|
487
|
Ìý
|
825
|
Ìý
|
|
Cash and cash equivalents at end period
|
Ìý
|
$
|
420
|
Ìý
|
485
|
Ìý
|
905
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
Six months endedÌýJuneÌý30, 2016Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
243
|
Ìý
|
223
|
Ìý
|
466
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
(Earnings) loss from discontinued operations
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
13
|
Ìý
|
13
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
423
|
Ìý
|
15
|
Ìý
|
438
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
37
|
Ìý
|
18
|
Ìý
|
55
|
Ìý
|
|
Cash payments for stock based compensation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(91)
|
Ìý
|
(91)
|
Ìý
|
|
Share of losses (earnings) of affiliates, net
|
Ìý
|
Ìý
|
(30)
|
Ìý
|
29
|
Ìý
|
(1)
|
Ìý
|
|
Cash receipts from return on equity investments
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý2
|
Ìý
|
16
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
(332)
|
Ìý
|
(336)
|
Ìý
|
|
Deferred income tax (benefit) expense
|
Ìý
|
Ìý
|
(94)
|
Ìý
|
404
|
Ìý
|
310
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
15
|
Ìý
|
(98)
|
Ìý
|
(83)
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
274
|
Ìý
|
(274)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
(104)
|
Ìý
|
104
|
Ìý
|
Ìý—
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
369
|
Ìý
|
23
|
Ìý
|
392
|
Ìý
|
|
Payables and other current liabilities
|
Ìý
|
Ìý
|
(491)
|
Ìý
|
(17)
|
Ìý
|
(508)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
652
|
Ìý
|
19
|
Ìý
|
671
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash proceeds from dispositions
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
129
|
Ìý
|
129
|
Ìý
|
|
Investments in and loans to cost and equity investees
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(42)
|
Ìý
|
(42)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(110)
|
Ìý
|
(15)
|
Ìý
|
(125)
|
Ìý
|
|
Purchases of short term and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(264)
|
Ìý
|
(264)
|
Ìý
|
|
Sales of short term and other marketable securities
|
Ìý
|
Ìý
|
12
|
Ìý
|
1,162
|
Ìý
|
1,174
|
Ìý
|
|
Investment in Liberty Broadband
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(2,400)
|
Ìý
|
(2,400)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
Ìý1
|
Ìý
|
(1)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(100)
|
Ìý
|
(1,429)
|
Ìý
|
(1,529)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
778
|
Ìý
|
587
|
Ìý
|
1,365
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(923)
|
Ìý
|
(1,096)
|
Ìý
|
(2,019)
|
Ìý
|
|
Repurchases of QVC Group common stock
|
Ìý
|
Ìý
|
(417)
|
Ìý
|
Ìý—
|
Ìý
|
(417)
|
Ìý
|
|
Withholding taxes on net settlements of stock-based compensation
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
Ìý—
|
Ìý
|
(13)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
Ìý3
|
Ìý
|
(10)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(588)
|
Ìý
|
(506)
|
Ìý
|
(1,094)
|
Ìý
|
|
Effect of foreign currency rates on cash
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý—
|
Ìý
|
Ìý4
|
Ìý
|
|
Net cash provided (used) by discontinued operations:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash provided (used) by operating activities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
Ìý9
|
Ìý
|
|
Cash provided (used) by investing activities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Cash provided (used) by financing activities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Change in available cash held by discontinued operations
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Net cash provided (used) by discontinued operations
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
Ìý9
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
(32)
|
Ìý
|
(1,907)
|
Ìý
|
(1,939)
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
426
|
Ìý
|
2,023
|
Ìý
|
2,449
|
Ìý
|
|
Cash and cash equivalents at end period
|
Ìý
|
$
|
394
|
Ìý
|
116
|
Ìý
|
510
|
Ìý
|
Ìý
|