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Quarterly report pursuant to Section 13 or 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)
 3 Months Ended
Mar. 31, 2012
Investments In Affiliates Accounted For Using The Equity Method Ìý
Schedule Of Equity Ownership And Carrying Amount
The following table includes Liberty's carrying amount and percentage ownership of the more significant investments in affiliates at MarchÌý31, 2012 and the carrying amount at DecemberÌý31, 2011:

Ìý
MarchÌý31, 2012
Ìý
DecemberÌý31, 2011
Ìý
Percentage
ownership
Ìý
Market
value (level 1)
Ìý
Carrying
amount
Ìý
Carrying
amount
Ìý
Ìý
Ìý
dollars in millions
Expedia, Inc. (a)
27
%
Ìý
$
1,157

Ìý
$
616

Ìý
621

TripAdvisor, Inc. (b)
26
%
Ìý
1,235

Ìý
197

Ìý
184

HSN, Inc.
34
%
Ìý
761

Ìý
229

Ìý
217

Other
various

Ìý
N/A

Ìý
110

Ìý
113

Ìý
Ìý

Ìý
Ìý

Ìý
$
1,152

Ìý
1,135

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates
The following table presents Liberty's share of earnings (losses) of affiliates:
Ìý
Three months
ended
Ìý
March 31,
Ìý
2012
Ìý
2011
Ìý
amounts in millions
Expedia (1)
$
(2
)
Ìý
13

TripAdvisor, Inc. (1)
11

Ìý
—

HSN, Inc.
15

Ìý
13

Other
(13
)
Ìý
(6
)
Ìý
$
11

Ìý
20

Expedia Consolidated Balance Sheets
Ìý
MarchÌý31, 2012
Ìý
DecemberÌý31, 2011
Ìý
amounts in millions
Current assets
$
2,585

Ìý
2,274

Property and equipment, net
344

Ìý
320

Goodwill
2,889

Ìý
2,877

Intangible assets
739

Ìý
744

Other assets
261

Ìý
290

Total assets
$
6,818

Ìý
6,505

Current liabilities
$
3,002

Ìý
2,553

Deferred income taxes
288

Ìý
280

Long-term debt
1,249

Ìý
1,249

Other liabilities
123

Ìý
118

Noncontrolling interest
107

Ìý
105

Equity
2,049

Ìý
2,200

Total liabilities and equity
$
6,818

Ìý
6,505

Expedia Consolidated Statement Of Operations
Ìý
Three months ended
Ìý
March 31,
Ìý
2012
Ìý
2011
Ìý
amounts in millions
Revenue
$
816

Ìý
728

Cost of revenue
(200
)
Ìý
(176
)
Gross profit
616

Ìý
552

Selling, general and administrative expenses
(564
)
Ìý
(509
)
Amortization
(3
)
Ìý
(6
)
Restructuring charges and other
—

Ìý
(2
)
Operating income
49

Ìý
35

Interest expense
(21
)
Ìý
(23
)
Other income (expense), net
(1
)
Ìý
(3
)
Income tax (expense) benefit
(5
)
Ìý
(3
)
Income from continuing operations
22

Ìý
6

Earnings (loss) from discontinued operations
(24
)
Ìý
46

Net earnings (loss)
(2
)
Ìý
52

Less net earnings (loss) attributable to noncontrolling interests
(1
)
Ìý
—

Net earnings (loss) attributable to Expedia,ÌýInc.Ìýshareholders
$
(3
)
Ìý
52