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Annual report pursuant to Section 13 and 15(d)

Investments In Affiliates Accounted For Using The Equity Method (Tables)

v3.6.0.2
Investments In Affiliates Accounted For Using The Equity Method (Tables)
12 Months Ended
Dec. 31, 2016
Investments In Affiliates Accounted For Using The Equity Method Ìý
Schedule Of Equity Ownership And Carrying Amount

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,Ìý2016

Ìý

DecemberÌý31,Ìý2015

Ìý

Ìý

Ìý

Percentage

Ìý

Market

Ìý

Carrying

Ìý

Carrying

Ìý

Ìý

Ìý

ownership

Ìý

value

Ìý

amount

Ìý

amount

Ìý

Ìý

Ìý

Ìý

Ìý

dollarsÌýinÌýmillions

Ìý

QVC Group

ÌýÌýÌýÌý

Ìý

ÌýÌýÌýÌý

Ìý

Ìý

ÌýÌýÌýÌý

Ìý

Ìý

ÌýÌýÌýÌý

Ìý

Ìý

HSN (1)

Ìý

38

%

$

687

Ìý

$

184

Ìý

165

Ìý

Other

Ìý

various

Ìý

Ìý

NA

Ìý

Ìý

40

Ìý

43

Ìý

Total QVC Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

224

Ìý

208

Ìý

Ventures Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

FTD

Ìý

37

%

$

243

Ìý

Ìý

216

Ìý

267

Ìý

Other (2)

Ìý

various

Ìý

Ìý

NA

Ìý

Ìý

141

Ìý

239

Ìý

Total Ventures Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

357

Ìý

506

Ìý

Consolidated Liberty

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

$

581

Ìý

714

Ìý

Ìý

Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

YearsÌýendedÌýDecemberÌý31,

Ìý

Ìý

ÌýÌýÌýÌý

2016

ÌýÌýÌýÌý

2015

ÌýÌýÌýÌý

2014

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

QVC Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

HSN

Ìý

$

48

Ìý

64

Ìý

60

Ìý

Other

Ìý

Ìý

(6)

Ìý

(9)

Ìý

(9)

Ìý

Total QVC Group

Ìý

Ìý

42

Ìý

55

Ìý

51

Ìý

Ventures Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

FTD (3)

Ìý

Ìý

(41)

Ìý

(83)

Ìý

Ìý—

Ìý

Other (2)

Ìý

Ìý

(69)

Ìý

(150)

Ìý

(70)

Ìý

Total Ventures Group

Ìý

Ìý

(110)

Ìý

(233)

Ìý

(70)

Ìý

Consolidated Liberty

Ìý

$

(68)

Ìý

(178)

Ìý

(19)

Ìý

Ìý

(1)

HSN paid dividends of $28 million, $228 million, and $22 million during the years ended December 31, 2016, 2015 and 2014, respectively, which were recorded as reductions to the investment balances, and recorded as a cash inflow from operations in the Cash receipts from returns on equity investments line item in the consolidated statements of cash flows.ÌýÌýDividends from HSNi during the year ended December 31, 2015 included a special dividend of $10 per share from which Liberty received approximately $200 million in cash, which was recorded as a cash inflow from investing activities in the Cash receipts from returns of equity investments line item in the consolidated statements of cash flows.

(2)

The Other category for the Ventures Group is comprised of investments in LendingTree, alternative energy investments and other investments. The alternative energy investments generally operate at a loss but provide favorable tax attributes recorded through the income tax (expense) benefit line item in the consolidated statements of operations. During the year ended December 31, 2015, Liberty recorded an impairment of approximately $98 million, based on a discounted cash flow valuation (Level 3), related to one of its alternative energy investments which has underperformed operationally.

(3)

The carrying value of Liberty’s investment in FTD was impaired to the fair value (based on the closing price (Level 1)) as of December 31, 2015.