| Financial Information for Tracking Stock Groups |
Ìý
BALANCE SHEET INFORMATION
SeptemberÌý30, 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
|
$
|
383
|
Ìý
|
512
|
Ìý
|
895
|
Ìý
|
|
Trade and other receivables, net
|
Ìý
|
Ìý
|
908
|
Ìý
|
37
|
Ìý
|
945
|
Ìý
|
|
Inventory, net
|
Ìý
|
Ìý
|
1,197
|
Ìý
|
Ìý—
|
Ìý
|
1,197
|
Ìý
|
|
Other current assets
|
Ìý
|
Ìý
|
79
|
Ìý
|
Ìý2
|
Ìý
|
81
|
Ìý
|
|
Total current assets
|
Ìý
|
Ìý
|
2,567
|
Ìý
|
551
|
Ìý
|
3,118
|
Ìý
|
|
Investments in available-for-sale securities and other cost investments (note 2)
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
2,477
|
Ìý
|
2,481
|
Ìý
|
|
Investments in affiliates, accounted for using the equity method (note 3)
|
Ìý
|
Ìý
|
236
|
Ìý
|
337
|
Ìý
|
573
|
Ìý
|
|
Investment in Liberty Broadband measured at fair value (note 3)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
4,068
|
Ìý
|
4,068
|
Ìý
|
|
Property and equipment, net
|
Ìý
|
Ìý
|
1,116
|
Ìý
|
Ìý1
|
Ìý
|
1,117
|
Ìý
|
|
Intangible assets not subject to amortization
|
Ìý
|
Ìý
|
9,396
|
Ìý
|
29
|
Ìý
|
9,425
|
Ìý
|
|
Intangible assets subject to amortization, net
|
Ìý
|
Ìý
|
631
|
Ìý
|
Ìý4
|
Ìý
|
635
|
Ìý
|
|
Other assets, at cost, net of accumulated amortization
|
Ìý
|
Ìý
|
30
|
Ìý
|
Ìý—
|
Ìý
|
30
|
Ìý
|
|
Total assets
|
Ìý
|
$
|
13,980
|
Ìý
|
7,467
|
Ìý
|
21,447
|
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
|
$
|
46
|
Ìý
|
(46)
|
Ìý
|
Ìý—
|
Ìý
|
|
Accounts payable
|
Ìý
|
Ìý
|
833
|
Ìý
|
Ìý—
|
Ìý
|
833
|
Ìý
|
|
Accrued liabilities
|
Ìý
|
Ìý
|
621
|
Ìý
|
20
|
Ìý
|
641
|
Ìý
|
|
Current portion of debt (note 4)
|
Ìý
|
Ìý
|
17
|
Ìý
|
994
|
Ìý
|
1,011
|
Ìý
|
|
Other current liabilities
|
Ìý
|
Ìý
|
158
|
Ìý
|
Ìý3
|
Ìý
|
161
|
Ìý
|
|
Total current liabilities
|
Ìý
|
Ìý
|
1,675
|
Ìý
|
971
|
Ìý
|
2,646
|
Ìý
|
|
Long-term debt (note 4)
|
Ìý
|
Ìý
|
6,158
|
Ìý
|
892
|
Ìý
|
7,050
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
|
Ìý
|
1,024
|
Ìý
|
2,991
|
Ìý
|
4,015
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
137
|
Ìý
|
40
|
Ìý
|
177
|
Ìý
|
|
Total liabilities
|
Ìý
|
Ìý
|
8,994
|
Ìý
|
4,894
|
Ìý
|
13,888
|
Ìý
|
|
Equity/Attributed net assets (liabilities)
|
Ìý
|
Ìý
|
4,871
|
Ìý
|
2,583
|
Ìý
|
7,454
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
115
|
Ìý
|
(10)
|
Ìý
|
105
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
13,980
|
Ìý
|
7,467
|
Ìý
|
21,447
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Nine months endedÌýSeptemberÌý30, 2017Ìý
(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
|
$
|
7,044
|
Ìý
|
16
|
Ìý
|
7,060
|
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
|
4,553
|
Ìý
|
Ìý—
|
Ìý
|
4,553
|
Ìý
|
|
Operating, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
452
|
Ìý
|
Ìý9
|
Ìý
|
461
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
738
|
Ìý
|
39
|
Ìý
|
777
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
592
|
Ìý
|
Ìý2
|
Ìý
|
594
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
6,335
|
Ìý
|
50
|
Ìý
|
6,385
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
709
|
Ìý
|
(34)
|
Ìý
|
675
|
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
|
(222)
|
Ìý
|
(45)
|
Ìý
|
(267)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
31
|
Ìý
|
(153)
|
Ìý
|
(122)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
1,186
|
Ìý
|
1,186
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(5)
|
Ìý
|
Ìý6
|
Ìý
|
Ìý1
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(196)
|
Ìý
|
994
|
Ìý
|
798
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
513
|
Ìý
|
960
|
Ìý
|
1,473
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(159)
|
Ìý
|
(303)
|
Ìý
|
(462)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
354
|
Ìý
|
657
|
Ìý
|
1,011
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
33
|
Ìý
|
Ìý—
|
Ìý
|
33
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
321
|
Ìý
|
657
|
Ìý
|
978
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Nine months endedÌýSeptemberÌý30, 2016Ìý
(unaudited)
|
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
|
$
|
7,094
|
Ìý
|
391
|
Ìý
|
7,485
|
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
|
4,577
|
Ìý
|
245
|
Ìý
|
4,822
|
Ìý
|
|
Operating, including stock-based compensation
|
Ìý
|
Ìý
|
462
|
Ìý
|
50
|
Ìý
|
512
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
786
|
Ìý
|
106
|
Ìý
|
892
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
642
|
Ìý
|
21
|
Ìý
|
663
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
6,467
|
Ìý
|
422
|
Ìý
|
6,889
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
627
|
Ìý
|
(31)
|
Ìý
|
596
|
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
|
(220)
|
Ìý
|
(57)
|
Ìý
|
(277)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
38
|
Ìý
|
(59)
|
Ìý
|
(21)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
944
|
Ìý
|
942
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
31
|
Ìý
|
99
|
Ìý
|
130
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(153)
|
Ìý
|
927
|
Ìý
|
774
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
474
|
Ìý
|
896
|
Ìý
|
1,370
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(161)
|
Ìý
|
(279)
|
Ìý
|
(440)
|
Ìý
|
|
Net earnings (loss) from continuing operations
|
Ìý
|
Ìý
|
313
|
Ìý
|
617
|
Ìý
|
930
|
Ìý
|
|
Net earnings (loss) from discontinued operations
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
14
|
Ìý
|
14
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
313
|
Ìý
|
631
|
Ìý
|
944
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
28
|
Ìý
|
Ìý—
|
Ìý
|
28
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
285
|
Ìý
|
631
|
Ìý
|
916
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýSeptemberÌý30, 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
|
$
|
2,375
|
Ìý
|
Ìý6
|
Ìý
|
2,381
|
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
|
1,554
|
Ìý
|
Ìý—
|
Ìý
|
1,554
|
Ìý
|
|
Operating
|
Ìý
|
Ìý
|
156
|
Ìý
|
Ìý4
|
Ìý
|
160
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
267
|
Ìý
|
12
|
Ìý
|
279
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
180
|
Ìý
|
Ìý—
|
Ìý
|
180
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
2,157
|
Ìý
|
16
|
Ìý
|
2,173
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
218
|
Ìý
|
(10)
|
Ìý
|
208
|
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
|
(73)
|
Ìý
|
(15)
|
Ìý
|
(88)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
11
|
Ìý
|
(97)
|
Ìý
|
(86)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
368
|
Ìý
|
369
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý5
|
Ìý
|
Ìý2
|
Ìý
|
Ìý7
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(56)
|
Ìý
|
258
|
Ìý
|
202
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
162
|
Ìý
|
248
|
Ìý
|
410
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(31)
|
Ìý
|
(71)
|
Ìý
|
(102)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
131
|
Ìý
|
177
|
Ìý
|
308
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
12
|
Ìý
|
Ìý—
|
Ìý
|
12
|
Ìý
|
|
Net earnings (loss) attributable to Liberty Interactive CorporationÌýÌýshareholders
|
Ìý
|
$
|
119
|
Ìý
|
177
|
Ìý
|
296
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýSeptemberÌý30, 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
|
$
|
2,303
|
Ìý
|
109
|
Ìý
|
2,412
|
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
|
1,504
|
Ìý
|
71
|
Ìý
|
1,575
|
Ìý
|
|
Operating
|
Ìý
|
Ìý
|
152
|
Ìý
|
13
|
Ìý
|
165
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
261
|
Ìý
|
29
|
Ìý
|
290
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
219
|
Ìý
|
Ìý6
|
Ìý
|
225
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
2,136
|
Ìý
|
119
|
Ìý
|
2,255
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
167
|
Ìý
|
(10)
|
Ìý
|
157
|
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
|
(73)
|
Ìý
|
(19)
|
Ìý
|
(92)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
Ìý8
|
Ìý
|
(30)
|
Ìý
|
(22)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(6)
|
Ìý
|
612
|
Ìý
|
606
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
(14)
|
Ìý
|
(8)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(65)
|
Ìý
|
549
|
Ìý
|
484
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
102
|
Ìý
|
539
|
Ìý
|
641
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(32)
|
Ìý
|
(158)
|
Ìý
|
(190)
|
Ìý
|
|
Net earnings (loss) from continuing operations
|
Ìý
|
Ìý
|
70
|
Ìý
|
381
|
Ìý
|
451
|
Ìý
|
|
Earnings (loss) from discontinued operations
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
27
|
Ìý
|
27
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
70
|
Ìý
|
408
|
Ìý
|
478
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
|
Net earnings (loss) attributable to Liberty Interactive Corporation shareholders
|
Ìý
|
$
|
61
|
Ìý
|
408
|
Ìý
|
469
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
Nine months endedÌýSeptemberÌý30, 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
|
$
|
354
|
Ìý
|
657
|
Ìý
|
1,011
|
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
|
592
|
Ìý
|
Ìý2
|
Ìý
|
594
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
48
|
Ìý
|
11
|
Ìý
|
59
|
Ìý
|
|
Share of (earnings) losses of affiliates, net
|
Ìý
|
Ìý
|
(31)
|
Ìý
|
153
|
Ìý
|
122
|
Ìý
|
|
Cash receipts from return on equity investments
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý—
|
Ìý
|
21
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(1,186)
|
Ìý
|
(1,186)
|
Ìý
|
|
Deferred income tax (benefit) expense
|
Ìý
|
Ìý
|
(115)
|
Ìý
|
471
|
Ìý
|
356
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý1
|
Ìý
|
Ìý8
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
167
|
Ìý
|
(167)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
(231)
|
Ìý
|
231
|
Ìý
|
Ìý—
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
152
|
Ìý
|
Ìý9
|
Ìý
|
161
|
Ìý
|
|
Payables and other current liabilities
|
Ìý
|
Ìý
|
(63)
|
Ìý
|
(4)
|
Ìý
|
(67)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
901
|
Ìý
|
178
|
Ìý
|
1,079
|
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
|
(140)
|
Ìý
|
(140)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(124)
|
Ìý
|
(2)
|
Ìý
|
(126)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(35)
|
Ìý
|
(1)
|
Ìý
|
(36)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(159)
|
Ìý
|
(143)
|
Ìý
|
(302)
|
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
|
1,689
|
Ìý
|
Ìý—
|
Ìý
|
1,689
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(1,906)
|
Ìý
|
(11)
|
Ìý
|
(1,917)
|
Ìý
|
|
Repurchases of QVC Group common stock
|
Ìý
|
Ìý
|
(452)
|
Ìý
|
Ìý—
|
Ìý
|
(452)
|
Ìý
|
|
Withholding taxes on net settlements of stock-based compensation
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
(1)
|
Ìý
|
(14)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(28)
|
Ìý
|
Ìý2
|
Ìý
|
(26)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(710)
|
Ìý
|
(10)
|
Ìý
|
(720)
|
Ìý
|
|
Effect of foreign currency rates on cash
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý—
|
Ìý
|
13
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
45
|
Ìý
|
25
|
Ìý
|
70
|
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
|
$
|
383
|
Ìý
|
512
|
Ìý
|
895
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
Nine months endedÌýSeptemberÌý30, 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
|
$
|
313
|
Ìý
|
631
|
Ìý
|
944
|
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
|
(14)
|
Ìý
|
(14)
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
642
|
Ìý
|
21
|
Ìý
|
663
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
57
|
Ìý
|
18
|
Ìý
|
75
|
Ìý
|
|
Cash payments for stock based compensation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(92)
|
Ìý
|
(92)
|
Ìý
|
|
Share of losses (earnings) of affiliates, net
|
Ìý
|
Ìý
|
(38)
|
Ìý
|
59
|
Ìý
|
21
|
Ìý
|
|
Cash receipts from return on equity investments
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý3
|
Ìý
|
24
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
(944)
|
Ìý
|
(942)
|
Ìý
|
|
Deferred income tax (benefit) expense
|
Ìý
|
Ìý
|
(167)
|
Ìý
|
589
|
Ìý
|
422
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
31
|
Ìý
|
(77)
|
Ìý
|
(46)
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
301
|
Ìý
|
(301)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
(224)
|
Ìý
|
224
|
Ìý
|
Ìý—
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
312
|
Ìý
|
37
|
Ìý
|
349
|
Ìý
|
|
Payables and other current liabilities
|
Ìý
|
Ìý
|
(357)
|
Ìý
|
(27)
|
Ìý
|
(384)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
893
|
Ìý
|
127
|
Ìý
|
1,020
|
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
|
350
|
Ìý
|
350
|
Ìý
|
|
Investments in and loans to cost and equity investees
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(67)
|
Ìý
|
(67)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(158)
|
Ìý
|
(19)
|
Ìý
|
(177)
|
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
|
(11)
|
Ìý
|
(3)
|
Ìý
|
(14)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(157)
|
Ìý
|
(1,241)
|
Ìý
|
(1,398)
|
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
|
1,143
|
Ìý
|
1,545
|
Ìý
|
2,688
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(1,340)
|
Ìý
|
(2,289)
|
Ìý
|
(3,629)
|
Ìý
|
|
Repurchases of QVC Group common stock
|
Ìý
|
Ìý
|
(603)
|
Ìý
|
Ìý—
|
Ìý
|
(603)
|
Ìý
|
|
Withholding taxes on net settlements of stock-based compensation
|
Ìý
|
Ìý
|
(15)
|
Ìý
|
(1)
|
Ìý
|
(16)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(6)
|
Ìý
|
(22)
|
Ìý
|
(28)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(821)
|
Ìý
|
(767)
|
Ìý
|
(1,588)
|
Ìý
|
|
Effect of foreign currency rates on cash
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý—
|
Ìý
|
Ìý7
|
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
|
15
|
Ìý
|
15
|
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
|
15
|
Ìý
|
15
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
(78)
|
Ìý
|
(1,866)
|
Ìý
|
(1,944)
|
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
|
$
|
348
|
Ìý
|
157
|
Ìý
|
505
|
Ìý
|
Ìý
|