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Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share

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Earnings (Loss) Per Common Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Text Block]
Earnings (Loss) Per Common Share
Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented.
SeriesÌýA and SeriesÌýB Liberty Interactive Corporation Common Stock
The basic and diluted EPS calculation for Liberty Interactive Corporation prior to the recapitalization is based on the following number of weighted average shares outstanding. Excluded from diluted EPS, for the three and six months ended June 30, 2012, prior to the recapitalization, are 7 million potential common shares because their inclusion would be antidilutive. As discussed in more detail in note 2, Liberty Interactive Corporation common stock was recapitalized through the creation of the Liberty Interactive common stock and Liberty Ventures common stock as tracking stocks during the third quarter of 2012. Therefore, there is no Liberty Interactive Corporation common stock outstanding at JuneÌý30, 2013.
Ìý
Liberty Interactive Corporation Common Stock
Ìý
Three months ended
June 30, 2012
Ìý
Six months ended
June 30, 2012
Ìý
number of shares in millions
Basic EPS
553

Ìý
563

ÌýÌýPotentially dilutive shares
9

Ìý
9

Diluted EPS
562

Ìý
572


SeriesÌýA and SeriesÌýB Liberty Interactive Common Stock
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock became a holder of the same number of shares of Liberty Interactive common stock. Excluded from diluted EPS, for the three and six months ended June 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive.
Ìý
Liberty Interactive Common Stock
Ìý
Three months ended
June 30, 2013
Ìý
Six months ended
June 30, 2013
Ìý
number of shares in millions
Basic EPS
523

Ìý
529

ÌýÌýPotentially dilutive shares
8

Ìý
7

Diluted EPS
531

Ìý
536


SeriesÌýA and SeriesÌýB Liberty Ventures Common Stock
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock received 0.05 of a share of the corresponding series of Liberty Ventures common stock, by means of a dividend, with cash paid in lieu of fractional shares of Liberty Ventures common stock. Excluded from diluted EPS, for the three and six months ended June 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive.
Ìý
Liberty Ventures Common Stock
Ìý
Three months ended
June 30, 2013
Ìý
Six months ended
June 30, 2013
Ìý
number of shares in millions
Basic EPS
37

Ìý
37

ÌýÌýPotentially dilutive shares
—

Ìý
—

Diluted EPS
37

Ìý
37

Ventures Group [Member]
Ìý
Earnings (Loss) Per Common Share
SeriesÌýA and SeriesÌýB Liberty Ventures Common Stock
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock received 0.05 of a share of the corresponding series of Liberty Ventures common stock, by means of a dividend, with cash paid in lieu of fractional shares of Liberty Ventures common stock. Excluded from diluted EPS, for the three and six months ended June 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive.
Ìý
Liberty Ventures Common Stock
Ìý
Three months ended
June 30, 2013
Ìý
Six months ended
June 30, 2013
Ìý
number of shares in millions
Basic EPS
37

Ìý
37

ÌýÌýPotentially dilutive shares
—

Ìý
—

Diluted EPS
37

Ìý
37

Interactive Group [Member]
Ìý
Earnings (Loss) Per Common Share
SeriesÌýA and SeriesÌýB Liberty Interactive Common Stock
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock became a holder of the same number of shares of Liberty Interactive common stock. Excluded from diluted EPS, for the three and six months ended June 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive.
Ìý
Liberty Interactive Common Stock
Ìý
Three months ended
June 30, 2013
Ìý
Six months ended
June 30, 2013
Ìý
number of shares in millions
Basic EPS
523

Ìý
529

ÌýÌýPotentially dilutive shares
8

Ìý
7

Diluted EPS
531

Ìý
536