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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, 2012
Investments In Affiliates Accounted For Using The Equity Method Ìý
Schedule Of Equity Ownership And Carrying Amount
Ìý
DecemberÌý31, 2012
Ìý
DecemberÌý31, 2011
Ìý
Percentage
ownership
Ìý
Market
value
Ìý
Carrying
amount
Ìý
Carrying
amount
Ìý
Ìý
Ìý
dollars in millions
Interactive Group
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
HSN
37
%
Ìý
$
1,102

Ìý
$
242

Ìý
217

Other
various

Ìý
N/A

Ìý
$
62

Ìý
13

Total Interactive Group
Ìý

Ìý
Ìý

Ìý
$
304

Ìý
230

Ventures Group
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Expedia (1)(2)(3)
17
%
Ìý
$
1,389

Ìý
$
431

Ìý
621

TripAdvisor (1)(4)
N/A

Ìý
N/A

Ìý
N/A

Ìý
184

Other
various

Ìý
N/A

Ìý
116

Ìý
100

Total Ventures Group
Ìý
Ìý
Ìý
Ìý
547

Ìý
905

Consolidated Liberty
Ìý
Ìý
Ìý
Ìý
$
851

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
Ìý
Years ended December 31,
Ìý
Ìý
2012
Ìý
2011
Ìý
2010
Ìý
amounts in millions
Interactive Group
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
HSN
Ìý
$
40

Ìý
38

Ìý
31

Other
Ìý
(12
)
Ìý
(15
)
Ìý
(23
)
Total Interactive Group
Ìý
28

Ìý
23

Ìý
8

Ventures Group
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Expedia, Inc. (1)(2)(3)
Ìý
67

Ìý
119

Ìý
103

TripAdvisor (1)(4)
Ìý
38

Ìý
—

Ìý
—

Other
Ìý
(48
)
Ìý
(2
)
Ìý
1

Total Ventures Group
Ìý
57

Ìý
117

Ìý
104

Consolidated Liberty
Ìý
$
85

Ìý
140

Ìý
112

Expedia Consolidated Balance Sheets
Expedia Consolidated Balance Sheets
Ìý
DecemberÌý31, 2012
Ìý
December 31, 2011
Ìý
amounts in millions
Current assets
$
2,615

Ìý
2,275

Property and equipment, net
409

Ìý
320

Goodwill
3,016

Ìý
2,877

Intangible assets
821

Ìý
744

Other assets
224

Ìý
289

Total assets
$
7,085

Ìý
6,505

Current liabilities
$
2,982

Ìý
2,553

Deferred income taxes
324

Ìý
280

Long-term debt
1,249

Ìý
1,249

Other liabilities
141

Ìý
118

Noncontrolling interest
109

Ìý
105

Equity
2,280

Ìý
2,200

Total liabilities and equity
$
7,085

Ìý
6,505

Expedia Consolidated Statement Of Operations
Expedia Consolidated Statements of Operations
Ìý
Years ended December 31,
Ìý
2012
Ìý
2011
Ìý
2010
Ìý
amounts in millions
Revenue
$
4,030

Ìý
3,449

Ìý
3,034

Cost of revenue
(899
)
Ìý
(761
)
Ìý
(685
)
Gross profit
3,131

Ìý
2,688

Ìý
2,349

Selling, general and administrative expenses
(2,551
)
Ìý
(2,186
)
Ìý
(1,825
)
Amortization
(32
)
Ìý
(22
)
Ìý
(23
)
Restructuring charges and other
(116
)
Ìý
—

Ìý
—

Operating income
432

Ìý
480

Ìý
501

Interest expense
(88
)
Ìý
(91
)
Ìý
(66
)
Other income (expense), net
6

Ìý
13

Ìý
(10
)
Income tax (expense) benefit
(47
)
Ìý
(76
)
Ìý
(120
)
Income (loss) from continuing operations
303

Ìý
326

Ìý
305

Discontinued operations, net of tax
(23
)
Ìý
148

Ìý
120

Net earnings (loss)
280

Ìý
474

Ìý
425

Less net earnings (loss) attributable to noncontrolling interests
—

Ìý
(2
)
Ìý
(4
)
Net earnings (loss) attributable to Expedia,ÌýInc.Ìý
$
280

Ìý
472

Ìý
421