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Information º¬Ð߲ݴ«Ã½ Liberty's Operating Segments (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Information º¬Ð߲ݴ«Ã½ Liberty's Operating Segments |
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| Performance Measures By Segment |
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Years ended DecemberÌý31,
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2014
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2013
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2012
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Ìý
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ÌýÌýÌýÌý
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Ìý
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Ìý
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ÌýÌýÌýÌý
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Adjusted
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ÌýÌýÌýÌý
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ÌýÌýÌýÌý
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Adjusted
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ÌýÌýÌýÌý
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ÌýÌýÌýÌý
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Adjusted
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Revenue
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OIBDA
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Revenue
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OIBDA
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Revenue
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ÌýOIBDA
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amountsÌýinÌýmillions
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QVC Group
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Ìý
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QVC
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$
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8,801Ìý
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1,910Ìý
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8,623Ìý
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1,841Ìý
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8,516Ìý
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1,828Ìý
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Digital Commerce (1)
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1,227Ìý
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53Ìý
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1,596Ìý
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103Ìý
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1,372Ìý
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102Ìý
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Corporate and other
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Ìý—
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(24)
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—
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(20)
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Ìý—
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(27)
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Total QVC Group
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10,028Ìý
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1,939Ìý
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10,219Ìý
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1,924Ìý
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9,888Ìý
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1,903Ìý
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Ventures Group
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Digital Commerce (1)
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471Ìý
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44Ìý
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NA
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NA
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NA
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NA
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Corporate and other
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Ìý—
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(18)
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—
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(11)
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—
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(5)
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Total Ventures Group
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471Ìý
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26Ìý
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Ìý—
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(11)
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Ìý—
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(5)
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Consolidated Liberty
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$
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10,499Ìý
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1,965Ìý
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10,219Ìý
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1,913Ìý
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9,888Ìý
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1,898Ìý
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(1)
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As discussed in note 2, on October 3, 2014, Liberty completed the reattribution from the QVC Group (formerly referred to as the Interactive Group, prior to the reattribution), to the Ventures Group its Digital Commerce companies. The reattribution of the Digital Commerce companies is presented on a prospective basis from the date of the reattribution in Liberty’s consolidated financial statements, with October 1, 2014 used as a proxy for the date of the reattribution. Accordingly, Revenue and Adjusted OIBDA attributable to the Digital Commerce companies are included in the QVC Group for the period through September 30, 2014 and are included in the Ventures Group for the period beginning October 1, 2014.
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| Other Information By Segment |
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December 31, 2014
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December 31, 2013
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ÌýÌýÌýÌý
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ÌýÌýÌýÌý
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Investments
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ÌýÌýÌýÌý
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ÌýÌýÌýÌý
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ÌýÌýÌýÌý
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Investments
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ÌýÌýÌýÌý
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Total
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in
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Capital
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Total
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in
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Capital
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assets
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affiliates
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expenditures
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assets (1)
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affiliates
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expenditures
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amountsÌýinÌýmillions
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QVC Group
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QVC
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$
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12,466Ìý
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Ìý
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47Ìý
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183Ìý
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13,031Ìý
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51Ìý
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217Ìý
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Digital Commerce (1)(2)
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NA
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NA
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43Ìý
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1,218Ìý
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—
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74Ìý
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Corporate and other
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Ìý
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546Ìý
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Ìý
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328Ìý
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Ìý—
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613Ìý
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292Ìý
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—
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Total QVC Group
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13,012Ìý
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375Ìý
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226Ìý
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14,862Ìý
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343Ìý
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Ìý
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291Ìý
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Ventures Group
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Digital Commerce (2)
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Ìý
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Ìý
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693Ìý
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355Ìý
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Ìý
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15Ìý
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Ìý
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NA
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NA
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NA
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Corporate and other (1)
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Ìý
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Ìý
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5,135Ìý
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903Ìý
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Ìý
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Ìý—
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9,984Ìý
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Ìý
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894Ìý
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—
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Total Ventures Group
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5,828Ìý
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Ìý
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1,258Ìý
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15Ìý
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9,984Ìý
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894Ìý
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Ìý—
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Inter-group eliminations
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Ìý
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Ìý
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(199)
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Ìý
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Ìý—
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Ìý
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—
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Ìý
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(170)
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Ìý
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—
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Ìý
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—
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Consolidated Liberty
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$
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18,641Ìý
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Ìý
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1,633Ìý
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Ìý
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241Ìý
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Ìý
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24,676Ìý
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Ìý
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1,237Ìý
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Ìý
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291Ìý
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(1)
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Total assets of discontinued operations at December 31, 2013 are included in the table above. BuySeasons and TripAdvisor total assets are included in the Corporate and other line item in the QVC Group and Ventures Group, respectively.
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(2)
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As discussed in note 2, on October 3, 2014, Liberty completed the reattribution from the QVC Group (formerly referred to as the Interactive Group, prior to the reattribution), to the Ventures Group its Digital Commerce companies. The reattribution of the Digital Commerce companies is presented on a prospective basis from the date of the reattribution in Liberty’s consolidated financial statements, with October 1, 2014 used as a proxy for the date of the reattribution. Accordingly, total assets, investments and affiliates and capital expenditures attributable to the Digital Commerce companies are included in the QVC Group for the period through September 30, 2014 and are included in the Ventures Group for the period beginning October 1, 2014.
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| Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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YearsÌýendedÌýDecemberÌý31,
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Ìý
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Ìý
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ÌýÌýÌýÌý
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2014
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ÌýÌýÌýÌý
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2013
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ÌýÌýÌýÌý
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2012
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Ìý
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amountsÌýinÌýmillions
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Consolidated segment Adjusted OIBDA
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$
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1,965Ìý
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Ìý
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1,913Ìý
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Ìý
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1,898Ìý
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Ìý
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Stock-based compensation
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Ìý
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Ìý
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(108)
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Ìý
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(118)
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Ìý
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(91)
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Ìý
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Depreciation and amortization
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Ìý
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Ìý
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(662)
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Ìý
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(629)
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Ìý
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(591)
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Ìý
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Impairment of intangible assets
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Ìý
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Ìý
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(7)
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Ìý
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(30)
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Ìý
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(53)
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Ìý
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Interest expense
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Ìý
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Ìý
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(387)
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Ìý
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(380)
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Ìý
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(466)
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Ìý
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Share of earnings (loss) of affiliates, net
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Ìý
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Ìý
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39Ìý
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Ìý
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33Ìý
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Ìý
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47Ìý
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Ìý
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Realized and unrealized gains (losses) on financial instruments, net
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Ìý
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Ìý
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(57)
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Ìý
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(22)
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Ìý
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(351)
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Ìý
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Gains (losses) on transactions, net
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Ìý
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Ìý
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74Ìý
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Ìý
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(1)
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Ìý
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443Ìý
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Ìý
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Other, net
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Ìý
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Ìý
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(21)
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Ìý
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(29)
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Ìý
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47Ìý
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Ìý
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Earnings (loss) from continuing operations before income taxes
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$
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836Ìý
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Ìý
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737Ìý
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Ìý
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883Ìý
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Ìý
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Ìý
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| Schedule of Revenue by geographic area |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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YearsÌýendedÌýDecemberÌý31,
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Ìý
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Ìý
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ÌýÌýÌýÌý
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2014
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ÌýÌýÌýÌý
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2013
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ÌýÌýÌýÌý
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2012
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Ìý
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Ìý
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Ìý
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amountsÌýinÌýmillions
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United States
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$
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7,617Ìý
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Ìý
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7,332Ìý
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Ìý
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6,873Ìý
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Ìý
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Japan
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Ìý
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Ìý
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912Ìý
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Ìý
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1,029Ìý
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Ìý
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1,251Ìý
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Ìý
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Germany
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Ìý
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Ìý
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1,003Ìý
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Ìý
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971Ìý
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Ìý
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957Ìý
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Ìý
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Other foreign countries
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Ìý
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Ìý
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967Ìý
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Ìý
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887Ìý
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Ìý
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807Ìý
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Ìý
|
|
Ìý
|
Ìý
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$
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10,499Ìý
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Ìý
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10,219Ìý
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Ìý
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9,888Ìý
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Ìý
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Ìý
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| Schedule of Long-lived Assets by Geographic Area |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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DecemberÌý31,
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Ìý
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Ìý
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ÌýÌýÌýÌý
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2014
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ÌýÌýÌýÌý
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2013
|
Ìý
|
|
Ìý
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Ìý
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amountsÌýinÌýmillions
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Ìý
|
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United States
|
Ìý
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$
|
529Ìý
|
Ìý
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550Ìý
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Ìý
|
|
Japan
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Ìý
|
Ìý
|
176Ìý
|
Ìý
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220Ìý
|
Ìý
|
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Germany
|
Ìý
|
Ìý
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210Ìý
|
Ìý
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245Ìý
|
Ìý
|
|
Other foreign countries
|
Ìý
|
Ìý
|
178Ìý
|
Ìý
|
193Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
$
|
1,093Ìý
|
Ìý
|
1,208Ìý
|
Ìý
|
Ìý
|