Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Ìý
|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
JuneÌý30, 2016Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Inter-group
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Eliminations
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Assets
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash and cash equivalents
|
Ìý
|
$
|
394
|
Ìý
|
116
|
Ìý
|
Ìý—
|
Ìý
|
510
|
Ìý
|
|
Trade and other receivables, net
|
Ìý
|
Ìý
|
861
|
Ìý
|
52
|
Ìý
|
(1)
|
Ìý
|
912
|
Ìý
|
|
Inventory, net
|
Ìý
|
Ìý
|
1,043
|
Ìý
|
45
|
Ìý
|
Ìý—
|
Ìý
|
1,088
|
Ìý
|
|
Other current assets
|
Ìý
|
Ìý
|
190
|
Ìý
|
14
|
Ìý
|
Ìý—
|
Ìý
|
204
|
Ìý
|
|
Total current assets
|
Ìý
|
Ìý
|
2,488
|
Ìý
|
227
|
Ìý
|
(1)
|
Ìý
|
2,714
|
Ìý
|
|
Investments in available-for-sale securities and other cost investments (note 2)
|
Ìý
|
Ìý
|
4
|
Ìý
|
1,766
|
Ìý
|
Ìý—
|
Ìý
|
1,770
|
Ìý
|
|
Investments in affiliates, accounted for using the equity method
(note 3)
|
Ìý
|
Ìý
|
225
|
Ìý
|
1,300
|
Ìý
|
Ìý—
|
Ìý
|
1,525
|
Ìý
|
|
Investment in Liberty Broadband measured at fair value (note 3)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
2,561
|
Ìý
|
Ìý—
|
Ìý
|
2,561
|
Ìý
|
|
Property and equipment, net
|
Ìý
|
Ìý
|
1,194
|
Ìý
|
36
|
Ìý
|
Ìý—
|
Ìý
|
1,230
|
Ìý
|
|
Intangible assets not subject to amortization
|
Ìý
|
Ìý
|
9,396
|
Ìý
|
128
|
Ìý
|
Ìý—
|
Ìý
|
9,524
|
Ìý
|
|
Intangible assets subject to amortization, net
|
Ìý
|
Ìý
|
1,274
|
Ìý
|
39
|
Ìý
|
Ìý—
|
Ìý
|
1,313
|
Ìý
|
|
Other assets, at cost, net of accumulated amortization
|
Ìý
|
Ìý
|
49
|
Ìý
|
7
|
Ìý
|
Ìý—
|
Ìý
|
56
|
Ìý
|
|
Total assets
|
Ìý
|
$
|
14,630
|
Ìý
|
6,064
|
Ìý
|
(1)
|
Ìý
|
20,693
|
Ìý
|
|
Liabilities and Equity
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Intergroup payable (receivable) (note 7)
|
Ìý
|
$
|
221
|
Ìý
|
(221)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Accounts payable
|
Ìý
|
Ìý
|
622
|
Ìý
|
19
|
Ìý
|
Ìý—
|
Ìý
|
641
|
Ìý
|
|
Accrued liabilities
|
Ìý
|
Ìý
|
586
|
Ìý
|
48
|
Ìý
|
Ìý—
|
Ìý
|
634
|
Ìý
|
|
Current portion of debt (note 4)
|
Ìý
|
Ìý
|
356
|
Ìý
|
1,431
|
Ìý
|
Ìý—
|
Ìý
|
1,787
|
Ìý
|
|
Other current liabilities
|
Ìý
|
Ìý
|
126
|
Ìý
|
27
|
Ìý
|
(1)
|
Ìý
|
152
|
Ìý
|
|
Total current liabilities
|
Ìý
|
Ìý
|
1,911
|
Ìý
|
1,304
|
Ìý
|
(1)
|
Ìý
|
3,214
|
Ìý
|
|
Long-term debt (note 4)
|
Ìý
|
Ìý
|
6,042
|
Ìý
|
398
|
Ìý
|
Ìý—
|
Ìý
|
6,440
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
|
Ìý
|
1,226
|
Ìý
|
2,531
|
Ìý
|
Ìý—
|
Ìý
|
3,757
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
273
|
Ìý
|
15
|
Ìý
|
Ìý—
|
Ìý
|
288
|
Ìý
|
|
Total liabilities
|
Ìý
|
Ìý
|
9,452
|
Ìý
|
4,248
|
Ìý
|
(1)
|
Ìý
|
13,699
|
Ìý
|
|
Equity/Attributed net assets (liabilities)
|
Ìý
|
Ìý
|
5,066
|
Ìý
|
1,826
|
Ìý
|
Ìý—
|
Ìý
|
6,892
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
112
|
Ìý
|
(10)
|
Ìý
|
Ìý—
|
Ìý
|
102
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
14,630
|
Ìý
|
6,064
|
Ìý
|
(1)
|
Ìý
|
20,693
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
| Condensed Income Statement |
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýJuneÌý30, 2016Ìý
(unaudited)
Ìý
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
QVC
|
Ìý
|
Ventures
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
2,424
|
Ìý
|
139
|
Ìý
|
2,563
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
1,538
|
Ìý
|
83
|
Ìý
|
1,621
|
Ìý
|
|
Operating
|
Ìý
|
Ìý
|
157
|
Ìý
|
20
|
Ìý
|
177
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
261
|
Ìý
|
33
|
Ìý
|
294
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
214
|
Ìý
|
7
|
Ìý
|
221
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
2,170
|
Ìý
|
143
|
Ìý
|
2,313
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
254
|
Ìý
|
(4)
|
Ìý
|
250
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(71)
|
Ìý
|
(21)
|
Ìý
|
(92)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
9
|
Ìý
|
(9)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
5
|
Ìý
|
338
|
Ìý
|
343
|
Ìý
|
|
Gains (losses) on dispositions, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
2
|
Ìý
|
2
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
20
|
Ìý
|
79
|
Ìý
|
99
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(37)
|
Ìý
|
389
|
Ìý
|
352
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
217
|
Ìý
|
385
|
Ìý
|
602
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(79)
|
Ìý
|
(136)
|
Ìý
|
(215)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
138
|
Ìý
|
249
|
Ìý
|
387
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý—
|
Ìý
|
11
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
127
|
Ìý
|
249
|
Ìý
|
376
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýJuneÌý30, 2015Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
1,998
|
Ìý
|
254
|
Ìý
|
2,252
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
1,234
|
Ìý
|
175
|
Ìý
|
1,409
|
Ìý
|
|
Operating
|
Ìý
|
Ìý
|
142
|
Ìý
|
24
|
Ìý
|
166
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
189
|
Ìý
|
58
|
Ìý
|
247
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
149
|
Ìý
|
12
|
Ìý
|
161
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
1,714
|
Ìý
|
269
|
Ìý
|
1,983
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
284
|
Ìý
|
(15)
|
Ìý
|
269
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(70)
|
Ìý
|
(20)
|
Ìý
|
(90)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
9
|
Ìý
|
78
|
Ìý
|
87
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
8
|
Ìý
|
24
|
Ìý
|
32
|
Ìý
|
|
Gains (losses) on dispositions, net (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
111
|
Ìý
|
111
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(31)
|
Ìý
|
2
|
Ìý
|
(29)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(84)
|
Ìý
|
195
|
Ìý
|
111
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
200
|
Ìý
|
180
|
Ìý
|
380
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(80)
|
Ìý
|
(42)
|
Ìý
|
(122)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
120
|
Ìý
|
138
|
Ìý
|
258
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
8
|
Ìý
|
8
|
Ìý
|
16
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
112
|
Ìý
|
130
|
Ìý
|
242
|
Ìý
|
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Six months endedÌýJuneÌý30, 2016Ìý
(unaudited)
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
QVC
|
Ìý
|
Ventures
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
4,791
|
Ìý
|
282
|
Ìý
|
5,073
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
3,073
|
Ìý
|
174
|
Ìý
|
3,247
|
Ìý
|
|
Operating, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
310
|
Ìý
|
37
|
Ìý
|
347
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
525
|
Ìý
|
77
|
Ìý
|
602
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
423
|
Ìý
|
15
|
Ìý
|
438
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
4,331
|
Ìý
|
303
|
Ìý
|
4,634
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
460
|
Ìý
|
(21)
|
Ìý
|
439
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(147)
|
Ìý
|
(38)
|
Ìý
|
(185)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
30
|
Ìý
|
(51)
|
Ìý
|
(21)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
4
|
Ìý
|
332
|
Ìý
|
336
|
Ìý
|
|
Gains (losses) on dispositions, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
9
|
Ìý
|
9
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
25
|
Ìý
|
101
|
Ìý
|
126
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(88)
|
Ìý
|
353
|
Ìý
|
265
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
372
|
Ìý
|
332
|
Ìý
|
704
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(136)
|
Ìý
|
(110)
|
Ìý
|
(246)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
236
|
Ìý
|
222
|
Ìý
|
458
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
19
|
Ìý
|
Ìý—
|
Ìý
|
19
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
217
|
Ìý
|
222
|
Ìý
|
439
|
Ìý
|
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Six months ended JuneÌý30, 2015Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Total revenue, net
|
Ìý
|
$
|
3,936
|
Ìý
|
530
|
Ìý
|
4,466
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Operating costs and expenses:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of sales
|
Ìý
|
Ìý
|
2,455
|
Ìý
|
369
|
Ìý
|
2,824
|
Ìý
|
|
Operating, including stock-based compensation
|
Ìý
|
Ìý
|
280
|
Ìý
|
46
|
Ìý
|
326
|
Ìý
|
|
Selling, general and administrative, including stock-based compensation (note 5)
|
Ìý
|
Ìý
|
379
|
Ìý
|
103
|
Ìý
|
482
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
301
|
Ìý
|
28
|
Ìý
|
329
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
3,415
|
Ìý
|
546
|
Ìý
|
3,961
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
521
|
Ìý
|
(16)
|
Ìý
|
505
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(145)
|
Ìý
|
(40)
|
Ìý
|
(185)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net (note 3)
|
Ìý
|
Ìý
|
33
|
Ìý
|
57
|
Ìý
|
90
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
30
|
Ìý
|
28
|
Ìý
|
|
Gains (losses) on dispositions, net (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
111
|
Ìý
|
111
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(23)
|
Ìý
|
9
|
Ìý
|
(14)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(137)
|
Ìý
|
167
|
Ìý
|
30
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
384
|
Ìý
|
151
|
Ìý
|
535
|
Ìý
|
|
Income tax benefit (expense)
|
Ìý
|
Ìý
|
(104)
|
Ìý
|
(21)
|
Ìý
|
(125)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
280
|
Ìý
|
130
|
Ìý
|
410
|
Ìý
|
|
Less net earnings (loss) attributable to noncontrolling interests
|
Ìý
|
Ìý
|
17
|
Ìý
|
8
|
Ìý
|
25
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
263
|
Ìý
|
122
|
Ìý
|
385
|
Ìý
|
Ìý
|
| Condensed Cash Flow Statement |
STATEMENT OF CASH FLOWS INFORMATION
Six months endedÌýJuneÌý30, 2016Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
CASH FLOWS FROM OPERATING ACTIVITIES:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
236
|
Ìý
|
222
|
Ìý
|
458
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
423
|
Ìý
|
15
|
Ìý
|
438
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
37
|
Ìý
|
18
|
Ìý
|
55
|
Ìý
|
|
Cash payments for stock based compensation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(91)
|
Ìý
|
(91)
|
Ìý
|
|
Excess tax benefit from stock based compensation
|
Ìý
|
Ìý
|
(7)
|
Ìý
|
(1)
|
Ìý
|
(8)
|
Ìý
|
|
Share of (earnings) losses of affiliates, net
|
Ìý
|
Ìý
|
(30)
|
Ìý
|
51
|
Ìý
|
21
|
Ìý
|
|
Cash receipts from return on equity investments
|
Ìý
|
Ìý
|
14
|
Ìý
|
13
|
Ìý
|
27
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
(332)
|
Ìý
|
(336)
|
Ìý
|
|
(Gains) losses on dispositions
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(9)
|
Ìý
|
(9)
|
Ìý
|
|
Deferred income tax (benefit) expense
|
Ìý
|
Ìý
|
(94)
|
Ìý
|
390
|
Ìý
|
296
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
22
|
Ìý
|
(85)
|
Ìý
|
(63)
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
274
|
Ìý
|
(274)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
(104)
|
Ìý
|
104
|
Ìý
|
Ìý—
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
369
|
Ìý
|
23
|
Ìý
|
392
|
Ìý
|
|
Payables and other current liabilities
|
Ìý
|
Ìý
|
(491)
|
Ìý
|
(17)
|
Ìý
|
(508)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
645
|
Ìý
|
27
|
Ìý
|
672
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash proceeds from dispositions
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
129
|
Ìý
|
129
|
Ìý
|
|
Investments in and loans to cost and equity investees
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(42)
|
Ìý
|
(42)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(110)
|
Ìý
|
(15)
|
Ìý
|
(125)
|
Ìý
|
|
Purchases of short term and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(264)
|
Ìý
|
(264)
|
Ìý
|
|
Sales of short term and other marketable securities
|
Ìý
|
Ìý
|
12
|
Ìý
|
1,162
|
Ìý
|
1,174
|
Ìý
|
|
Investment in Liberty Broadband
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(2,400)
|
Ìý
|
(2,400)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
1
|
Ìý
|
(1)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(100)
|
Ìý
|
(1,429)
|
Ìý
|
(1,529)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
778
|
Ìý
|
587
|
Ìý
|
1,365
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(923)
|
Ìý
|
(1,096)
|
Ìý
|
(2,019)
|
Ìý
|
|
Repurchases of QVC Group common stock
|
Ìý
|
Ìý
|
(417)
|
Ìý
|
Ìý—
|
Ìý
|
(417)
|
Ìý
|
|
Minimum withholding taxes on net settlements of stock-based compensation
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
Ìý—
|
Ìý
|
(13)
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
7
|
Ìý
|
1
|
Ìý
|
8
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
3
|
Ìý
|
(10)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(581)
|
Ìý
|
(505)
|
Ìý
|
(1,086)
|
Ìý
|
|
Effect of foreign currency rates on cash
|
Ìý
|
Ìý
|
4
|
Ìý
|
Ìý—
|
Ìý
|
4
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
(32)
|
Ìý
|
(1,907)
|
Ìý
|
(1,939)
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
426
|
Ìý
|
2,023
|
Ìý
|
2,449
|
Ìý
|
|
Cash and cash equivalents at end period
|
Ìý
|
$
|
394
|
Ìý
|
116
|
Ìý
|
510
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
Six months endedÌýJuneÌý30, 2015Ìý
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
QVC
|
ÌýÌýÌýÌý
|
Ventures
|
ÌýÌýÌýÌý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
CASHÌýFLOWSÌýFROMÌýOPERATINGÌýACTIVITIES:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
280
|
Ìý
|
130
|
Ìý
|
410
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
301
|
Ìý
|
28
|
Ìý
|
329
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
24
|
Ìý
|
20
|
Ìý
|
44
|
Ìý
|
|
Cash payments for stock based compensation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(10)
|
Ìý
|
(10)
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
(14)
|
Ìý
|
(2)
|
Ìý
|
(16)
|
Ìý
|
|
Share of losses (earnings) of affiliates, net
|
Ìý
|
Ìý
|
(33)
|
Ìý
|
(57)
|
Ìý
|
(90)
|
Ìý
|
|
Cash receipts from return on equity investments
|
Ìý
|
Ìý
|
14
|
Ìý
|
13
|
Ìý
|
27
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
2
|
Ìý
|
(30)
|
Ìý
|
(28)
|
Ìý
|
|
(Gains) losses on dispositions
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(111)
|
Ìý
|
(111)
|
Ìý
|
|
Deferred income tax (benefit) expense
|
Ìý
|
Ìý
|
(91)
|
Ìý
|
61
|
Ìý
|
(30)
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
25
|
Ìý
|
7
|
Ìý
|
32
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
43
|
Ìý
|
(43)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
(55)
|
Ìý
|
55
|
Ìý
|
Ìý—
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
283
|
Ìý
|
4
|
Ìý
|
287
|
Ìý
|
|
Payables and other current liabilities
|
Ìý
|
Ìý
|
(208)
|
Ìý
|
(38)
|
Ìý
|
(246)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
571
|
Ìý
|
27
|
Ìý
|
598
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash paid for acquisitions
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(20)
|
Ìý
|
(20)
|
Ìý
|
|
Cash proceeds from dispositions
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
271
|
Ìý
|
271
|
Ìý
|
|
Investments in and loans to cost and equity investees
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
(96)
|
Ìý
|
(98)
|
Ìý
|
|
Cash receipts from returns of equity investments
|
Ìý
|
Ìý
|
200
|
Ìý
|
Ìý—
|
Ìý
|
200
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(80)
|
Ìý
|
(24)
|
Ìý
|
(104)
|
Ìý
|
|
Purchases of short term and other marketable securities
|
Ìý
|
Ìý
|
(80)
|
Ìý
|
(546)
|
Ìý
|
(626)
|
Ìý
|
|
Sales of short term and other marketable securities
|
Ìý
|
Ìý
|
93
|
Ìý
|
584
|
Ìý
|
677
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(47)
|
Ìý
|
Ìý—
|
Ìý
|
(47)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
84
|
Ìý
|
169
|
Ìý
|
253
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
1,098
|
Ìý
|
369
|
Ìý
|
1,467
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(1,288)
|
Ìý
|
(340)
|
Ìý
|
(1,628)
|
Ìý
|
|
Repurchases of QVC Group common stock
|
Ìý
|
Ìý
|
(377)
|
Ìý
|
Ìý—
|
Ìý
|
(377)
|
Ìý
|
|
Minimum withholding taxes on net settlements of stock-based compensation
|
Ìý
|
Ìý
|
(14)
|
Ìý
|
1
|
Ìý
|
(13)
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
14
|
Ìý
|
2
|
Ìý
|
16
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
(20)
|
Ìý
|
(24)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(571)
|
Ìý
|
12
|
Ìý
|
(559)
|
Ìý
|
|
Effect of foreign currency rates on cash
|
Ìý
|
Ìý
|
(9)
|
Ìý
|
Ìý—
|
Ìý
|
(9)
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
75
|
Ìý
|
208
|
Ìý
|
283
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
422
|
Ìý
|
1,884
|
Ìý
|
2,306
|
Ìý
|
|
Cash and cash equivalents at end period
|
Ìý
|
$
|
497
|
Ìý
|
2,092
|
Ìý
|
2,589
|
Ìý
|
Ìý
|