º¬Ð߲ݴ«Ã½.
Reconciliation of º¬Ð߲ݴ«Ã½. ("º¬Ð߲ݴ«Ã½") Net Assets and
Net Earnings to Liberty Interactive LLC ("Liberty LLC") Net Assets and Net Earnings
June 30, 2018
(unaudited)
amounts in millions
|
|
|
|
|
Qurate Retail Net Assets |
|
$ |
5,801 |
|
Reconciling items: |
|
|
|
|
zulily net assets |
|
|
(1,726) |
|
HSNi net assets (1) |
|
|
(1,937) |
|
Equity investment in HSNi held by Liberty LLC (1) |
|
|
203 |
|
Tax sharing agreement with GCI Liberty, Inc. |
|
|
111 |
|
Liberty LLC Net Assets |
|
$ |
2,452 |
|
|
|
|
|
|
º¬Ð߲ݴ«Ã½ Net Earnings |
|
$ |
595 |
|
Reconciling items: |
|
|
|
|
zulily net (earnings) loss |
|
|
32 |
|
HSNi net (earnings) loss (1) |
|
|
(16) |
|
GCI Liberty, Inc. tax sharing expense |
|
|
(27) |
|
Liberty LLC Net Earnings |
|
$ |
584 |
|
|
|
|
|
|
(1) |
On December 29, 2017, Qurate Retail acquired the approximate remaining 62% of HSNi it did not already own. Liberty LLC continues to hold 38% of HSNi and accounts for its ownership in HSNi as an equity method investment. |