Performance Measures By Segment |
Performance Measures
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Ìý |
Three months ended June 30, |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
amounts in millions |
Interactive Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
QVC |
$ |
2,014 |
|
Ìý |
439 |
|
Ìý |
1,961 |
|
Ìý |
434 |
|
E-commerce |
481 |
|
Ìý |
19 |
|
Ìý |
439 |
|
Ìý |
26 |
|
Corporate and other |
— |
|
Ìý |
(6 |
) |
Ìý |
— |
|
Ìý |
(5 |
) |
Total Interactive Group |
2,495 |
|
Ìý |
452 |
|
Ìý |
2,400 |
|
Ìý |
455 |
|
Ventures Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TripAdvisor, Inc. |
323 |
|
Ìý |
129 |
|
Ìý |
247 |
|
Ìý |
113 |
|
Corporate and other |
— |
|
Ìý |
(5 |
) |
Ìý |
— |
|
Ìý |
(3 |
) |
Total Ventures Group |
323 |
|
Ìý |
124 |
|
Ìý |
247 |
|
Ìý |
110 |
|
Consolidated Liberty |
$ |
2,818 |
|
Ìý |
576 |
|
Ìý |
2,647 |
|
Ìý |
565 |
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|
|
|
|
Ìý |
Six months ended June 30, |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
amounts in millions |
Interactive Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
QVC |
$ |
4,000 |
|
Ìý |
851 |
|
Ìý |
3,935 |
|
Ìý |
838 |
|
E-commerce |
942 |
|
Ìý |
42 |
|
Ìý |
899 |
|
Ìý |
65 |
|
Corporate and other |
— |
|
Ìý |
(10 |
) |
Ìý |
— |
|
Ìý |
(11 |
) |
Total Interactive Group |
4,942 |
|
Ìý |
883 |
|
Ìý |
4,834 |
|
Ìý |
892 |
|
Ventures Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TripAdvisor, Inc. |
604 |
|
Ìý |
251 |
|
Ìý |
477 |
|
Ìý |
222 |
|
Corporate and other |
— |
|
Ìý |
(8 |
) |
Ìý |
— |
|
Ìý |
(6 |
) |
Total Ventures Group |
604 |
|
Ìý |
243 |
|
Ìý |
477 |
|
Ìý |
216 |
|
Consolidated Liberty |
$ |
5,546 |
|
Ìý |
1,126 |
|
Ìý |
5,311 |
|
Ìý |
1,108 |
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|
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|
Ìý |
Six months ended June 30, |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
amounts in millions |
Interactive Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
QVC |
$ |
4,000 |
|
Ìý |
851 |
|
Ìý |
3,935 |
|
Ìý |
838 |
|
E-commerce |
942 |
|
Ìý |
42 |
|
Ìý |
899 |
|
Ìý |
65 |
|
Corporate and other |
— |
|
Ìý |
(10 |
) |
Ìý |
— |
|
Ìý |
(11 |
) |
Total Interactive Group |
4,942 |
|
Ìý |
883 |
|
Ìý |
4,834 |
|
Ìý |
892 |
|
Ventures Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TripAdvisor, Inc. |
604 |
|
Ìý |
251 |
|
Ìý |
477 |
|
Ìý |
222 |
|
Corporate and other |
— |
|
Ìý |
(8 |
) |
Ìý |
— |
|
Ìý |
(6 |
) |
Total Ventures Group |
604 |
|
Ìý |
243 |
|
Ìý |
477 |
|
Ìý |
216 |
|
Consolidated Liberty |
$ |
5,546 |
|
Ìý |
1,126 |
|
Ìý |
5,311 |
|
Ìý |
1,108 |
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|
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|
Ìý |
Three months ended June 30, |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
Revenue |
Ìý |
Adjusted
OIBDA
|
Ìý |
amounts in millions |
Interactive Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
QVC |
$ |
2,014 |
|
Ìý |
439 |
|
Ìý |
1,961 |
|
Ìý |
434 |
|
E-commerce |
481 |
|
Ìý |
19 |
|
Ìý |
439 |
|
Ìý |
26 |
|
Corporate and other |
— |
|
Ìý |
(6 |
) |
Ìý |
— |
|
Ìý |
(5 |
) |
Total Interactive Group |
2,495 |
|
Ìý |
452 |
|
Ìý |
2,400 |
|
Ìý |
455 |
|
Ventures Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TripAdvisor, Inc. |
323 |
|
Ìý |
129 |
|
Ìý |
247 |
|
Ìý |
113 |
|
Corporate and other |
— |
|
Ìý |
(5 |
) |
Ìý |
— |
|
Ìý |
(3 |
) |
Total Ventures Group |
323 |
|
Ìý |
124 |
|
Ìý |
247 |
|
Ìý |
110 |
|
Consolidated Liberty |
$ |
2,818 |
|
Ìý |
576 |
|
Ìý |
2,647 |
|
Ìý |
565 |
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Other Information By Segment |
Other Information
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|
Ìý |
JuneÌý30, 2014 |
Ìý |
Total
assets
|
Ìý |
Investments
in
affiliates
|
Ìý |
Capital
expenditures
|
Ìý |
amounts in millions |
Interactive Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
QVC |
$ |
12,648 |
|
Ìý |
50 |
|
Ìý |
57 |
|
E-commerce |
1,233 |
|
Ìý |
— |
|
Ìý |
30 |
|
Corporate and other |
465 |
|
Ìý |
313 |
|
Ìý |
— |
|
Total Interactive Group |
14,346 |
|
Ìý |
363 |
|
Ìý |
87 |
|
Ventures Group |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
TripAdvisor |
7,321 |
|
Ìý |
— |
|
Ìý |
42 |
|
Corporate and other |
3,214 |
|
Ìý |
873 |
|
Ìý |
— |
|
Total Ventures Group |
10,535 |
|
Ìý |
873 |
|
Ìý |
42 |
|
Inter-group eliminations |
(159 |
) |
Ìý |
— |
|
Ìý |
— |
|
Consolidated Liberty |
$ |
24,722 |
|
Ìý |
1,236 |
|
Ìý |
129 |
|
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Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes |
The following table provides a reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes:
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|
|
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|
Ìý |
Three months ended June 30, |
Ìý |
Six months ended June 30, |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
amounts in millions |
Consolidated segment Adjusted OIBDA |
$ |
576 |
|
Ìý |
565 |
|
Ìý |
1,126 |
|
Ìý |
1,108 |
|
ÌýÌýStock-based compensation |
(43 |
) |
Ìý |
(44 |
) |
Ìý |
(85 |
) |
Ìý |
(86 |
) |
Impairment of intangible assets |
(7 |
) |
Ìý |
— |
|
Ìý |
(7 |
) |
Ìý |
— |
|
ÌýÌýDepreciation and amortization |
(237 |
) |
Ìý |
(237 |
) |
Ìý |
(469 |
) |
Ìý |
(467 |
) |
ÌýÌýInterest expense |
(100 |
) |
Ìý |
(90 |
) |
Ìý |
(199 |
) |
Ìý |
(201 |
) |
ÌýÌýShare of earnings (loss) of affiliates, net |
4 |
|
Ìý |
7 |
|
Ìý |
2 |
|
Ìý |
(4 |
) |
ÌýÌýRealized and unrealized gains (losses) on financial instruments, net |
(41 |
) |
Ìý |
9 |
|
Ìý |
(66 |
) |
Ìý |
(64 |
) |
ÌýÌýOther, net |
3 |
|
Ìý |
(17 |
) |
Ìý |
11 |
|
Ìý |
(55 |
) |
Earnings (loss) before income taxes |
$ |
155 |
|
Ìý |
193 |
|
Ìý |
313 |
|
Ìý |
231 |
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|