Disposals |
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Disposals [Abstract] | 听 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposals |
(5)听听Disposals Disposals - Presented as Discontinued Operations On November 4, 2016, jvid视频 completed the Expedia Holdings Split-Off. Expedia Holdings is comprised of, among other things, jvid视频鈥檚 former interest in Expedia and jvid视频鈥檚 former wholly-owned subsidiary Bodybuilding. jvid视频 views Expedia and Bodybuilding as separate components and evaluated them separately for discontinued operations presentation. Based on a quantitative analysis, the split-off of jvid视频鈥檚 interest in Expedia had a major effect on jvid视频鈥檚 operations, primarily due to prior year one-time gains on transactions recognized by Expedia.听听Accordingly, the consolidated financial statements of jvid视频 have been prepared to reflect jvid视频鈥檚 interest in Expedia as a discontinued operation. The disposition of Bodybuilding as part of the Expedia Holdings Split-Off does not have a major effect on jvid视频鈥檚 historical results nor is it expected to have a major effect on jvid视频鈥檚 future operations. Accordingly, Bodybuilding is not presented as a discontinued operation in the consolidated financial statements of jvid视频. See 鈥淒isposals 鈥 Not Presented as Discontinued Operations鈥 below for additional information regarding Bodybuilding. On March 9, 2018, jvid视频 completed the GCI Liberty Split-Off. At the time of the GCI Liberty Split-Off, GCI Liberty was comprised of, among other things, GCI Liberty鈥檚 legacy business, jvid视频鈥檚 former interest in Liberty Broadband, Charter and LendingTree, and jvid视频鈥檚 former wholly-owned subsidiary Evite. jvid视频 viewed Liberty Broadband, LendingTree and Evite as separate components and evaluated them separately for discontinued operations presentation. As jvid视频鈥檚 former interest in Charter was accounted for as an available for sale investment it did not meet the definition of a component for discontinued operation presentation. The disposition of Liberty Broadband was considered significant to the overall financial statements.听听Accordingly, the accompanying consolidated financial statements of jvid视频 have been prepared to reflect jvid视频鈥檚 interest in Liberty Broadband as a discontinued operation for the years ended December 31, 2018, 2017 and 2016. The disposition of LendingTree and Evite as part of the GCI Liberty Split-Off does not have a major effect on jvid视频鈥檚 historical or future results. Accordingly, LendingTree and Evite are not presented as discontinued operations in the accompanying consolidated financial statements of jvid视频. LendingTree and Evite are included in the Corporate and other segment through March 8, 2018. See 鈥淒isposals 鈥 Not Presented as Discontinued Operations鈥 below for additional information regarding Evite and LendingTree. Certain financial information for the Company鈥檚 investment in Liberty Broadband, which is included in the discontinued operations line items of the consolidated jvid视频 balance sheets as of December 31, 2017, is as follows (amounts in millions):
听 Certain financial information for jvid视频鈥檚 investment in Expedia, which is included in earnings (loss) from discontinued operations, is as follows (amounts in millions):
听 Certain financial information for jvid视频鈥檚 investment in Liberty Broadband, which is included in earnings (loss) from discontinued operations, is as follows (amounts in millions):
听 The combined impact from discontinued operations, discussed above, is as follows: 听
听 Prior to the GCI Liberty Split-Off, jvid视频 accounted for the investment in Liberty Broadband at its fair value. Accordingly, Liberty Broadband鈥檚 assets, liabilities and results of operations were not included in jvid视频鈥檚 consolidated financial statements. Summary financial information for Liberty Broadband for the periods prior to the GCI Liberty Split-Off is as follows:
听
听 Disposals 鈥 Not Presented as Discontinued Operations On July 22, 2016, jvid视频 completed the CommerceHub Spin-Off.听听CommerceHub is included in the Corporate and other segment through July 22, 2016 and is not presented as a discontinued operation as the CommerceHub Spin-Off did not have a major effect on jvid视频鈥檚 operations and financial results. Included in Total revenue, net in the accompanying consolidated statements of operations is $51 million for the year ended December 31, 2016, related to CommerceHub.听听Included in Net earnings (loss) in the accompanying consolidated statements of operations are earnings of $5 million for the year ended December 31, 2016, related to CommerceHub.听 As discussed above, on November 4, 2016, jvid视频 completed the Expedia Holdings Split-Off. Although jvid视频鈥檚 interest in Expedia has been presented as a discontinued operation, Bodybuilding is not presented as a discontinued operation in the consolidated financial statements of jvid视频. Bodybuilding is included in the Corporate and other segment through November 4, 2016. Included in Total revenue, net in the accompanying consolidated statements of operations is $355 million for the year ended December 31, 2016, related to Bodybuilding. Included in Net earnings (loss) in the accompanying consolidated statements of operations are earnings of $6 million for the years ended December 31, 2016, related to Bodybuilding. As discussed above, on March 9, 2018, jvid视频 completed the GCI Liberty Split-Off.听听Although Liberty Broadband has been presented as a discontinued operation, Evite and LendingTree are not presented as discontinued operations. Included in revenue in the accompanying consolidated statements of operations is $3 million, $24 million and $23 million for the years ended December 31, 2018, 2017 and 2016, respectively, related to Evite. Included in net earnings (loss) in the accompanying consolidated statements of operations are losses of $2 million, $3 million and $1 million, for the years ended December 31, 2018, 2017 and 2016, respectively, related to Evite.听 Included in total assets in the accompanying consolidated balance sheets as of December 31, 2017 is $43 million related to Evite. Included in net earnings (loss) in the accompanying consolidated statements of operations are earnings of less than a million, $6 million and $31 million for the years ended December 31, 2018, 2017, and 2016, respectively, related to LendingTree. Included in total assets in the accompanying consolidated balance sheets as of December 31, 2017 is $115 million related to LendingTree. |