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Annual report pursuant to Section 13 and 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v2.4.0.6
Investments In Affiliates Accounted For Using The Equity Method (Tables)
12 Months Ended
Dec. 31, 2011
Investments In Affiliates Accounted For Using The Equity Method Ìý
Schedule Of Equity Ownership And Carrying Amount
Ìý
DecemberÌý31, 2011
Ìý
DecemberÌý31,
2010

Ìý
Percentage
ownership
Ìý
Market
value
Ìý
Carrying
amount
Ìý
Carrying
amount
Ìý
Ìý
Ìý
dollars in millions
Expedia, Inc. (1)(2)
26
%
Ìý
$
1,004

Ìý
$
621

Ìý
710

TripAdvisor, Inc. (1)
26
%
Ìý
$
873

Ìý
184

Ìý
—

HSN,Inc.
34
%
Ìý
$
726

Ìý
217

Ìý
133

Other
various

Ìý
N/A

Ìý
113

Ìý
106

Ìý
Ìý

Ìý
Ìý

Ìý
$
1,135

Ìý
949

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
Ìý
Ìý
Years ended December 31,
Ìý
Ìý
2011
Ìý
2010
Ìý
2009
Ìý
amounts in millions
Expedia, Inc. (1)
Ìý
$
119

Ìý
103

Ìý
72

TripAdvisor, Inc. (1)
Ìý
—

Ìý
—

Ìý
—

HSN,Inc.
Ìý
38

Ìý
31

Ìý
(37
)
Other
Ìý
(17
)
Ìý
(22
)
Ìý
(11
)
Ìý
Ìý
$
140

Ìý
112

Ìý
24

Expedia Consolidated Balance Sheets
Ìý
DecemberÌý31, 2011
Ìý
DecemberÌý31,
2010
Ìý
amounts in millions
Current assets
$
2,275

Ìý
1,708

Property and equipment, net
320

Ìý
246

Goodwill
2,877

Ìý
2,865

Intangible assets
744

Ìý
747

Assets of discontinued operations, noncurrent
—

Ìý
865

Other assets
289

Ìý
226

Total assets
$
6,505

Ìý
6,657

Current liabilities
$
2,553

Ìý
1,896

Deferred income taxes
280

Ìý
264

Long-term debt
1,249

Ìý
1,249

Liabilities of discontinued operations, noncurrent
—

Ìý
396

Other liabilities
118

Ìý
115

Noncontrolling interest
105

Ìý
64

Equity
2,200

Ìý
2,673

Total liabilities and equity
$
6,505

Ìý
6,657

Expedia Consolidated Statement Of Operations
Ìý
Years ended December 31,
Ìý
2011
Ìý
2010
Ìý
2009
Ìý
amounts in millions
Revenue
$
3,449

Ìý
3,034

Ìý
2,743

Cost of revenue
(761
)
Ìý
(685
)
Ìý
(603
)
Gross profit
2,688

Ìý
2,349

Ìý
2,140

Selling, general and administrative expenses
(2,186
)
Ìý
(1,825
)
Ìý
(1,684
)
Amortization
(22
)
Ìý
(23
)
Ìý
(24
)
Restructuring charges and other
—

Ìý
—

Ìý
(34
)
Operating income
480

Ìý
501

Ìý
398

Interest expense
(91
)
Ìý
(66
)
Ìý
(49
)
Other income (expense), net
13

Ìý
(10
)
Ìý
(29
)
Income tax (expense) benefit
(76
)
Ìý
(120
)
Ìý
(101
)
Income (loss) from continuing operations
326

Ìý
305

Ìý
219

Discontinued operations, net of tax
148

Ìý
120

Ìý
85

Net earnings (loss)
474

Ìý
425

Ìý
304

Less net earnings (loss) attributable to noncontrolling interests
(2
)
Ìý
(4
)
Ìý
(4
)
Net earnings (loss) attributable to Expedia,ÌýInc.Ìý
$
472

Ìý
421

Ìý
300