EXHIBIT 99.1

<Page>
EXHIBIT 99.1

ATTRIBUTED FINANCIAL INFORMATION FOR TRACKING STOCK GROUPS

On May 9, 2006, we completed a restructuring and recapitalization pursuant
to which we issued two new tracking stocks, one ("Liberty Interactive Stock")
intended to reflect the separate performance of our businesses engaged in video
and on-line commerce, including our subsidiaries, QVC, Inc., Provide Commerce,
Inc. and BuySeasons, Inc. and our interests in IAC/InterActiveCorp and Expedia,
Inc., the second ("Liberty Capital Stock") intended to reflect the separate
performance of all of our assets and businesses not attributed to the
Interactive Group. Each share of our existing Series A and Series B common stock
was exchanged for .25 of a share of the same series of Liberty Interactive Stock
and .05 of a share of the same series of Liberty Capital Stock.

The following tables present our assets, liabilities, revenue, expenses and
cash flows as of and for the three and nine months ended September 30, 2006 and
2005. The tables further present our assets, liabilities, revenue, expenses and
cash flows that are attributed to the Interactive Group and the Capital Group,
respectively. The financial information is derived from our unaudited financial
statements for the nine months ended September 30, 2006 included in this
Quarterly Report on Form 10-Q. The attributed financial information presented in
the tables has been prepared assuming the restructuring had been completed as of
January 1, 2005.

Notwithstanding the following attribution of assets, liabilities, revenue,
expenses and cash flows to the Interactive Group and the Capital Group, the
restructuring does not affect the ownership or the respective legal title to our
assets or responsibility for our liabilities. We and our subsidiaries each
continue to be responsible for our respective liabilities. Holders of Liberty
Interactive common stock and Liberty Capital common stock are holders of our
common stock and continue to be subject to risks associated with an investment
in our company and all of our businesses, assets and liabilities. The issuance
of Liberty Interactive Stock and Liberty Capital Stock does not affect the
rights of our creditors or creditors of our subsidiaries.

1
<Page>
SUMMARY ATTRIBUTED FINANCIAL DATA

INTERACTIVE GROUP

Summary balance sheet data:

<Table>
<Caption>
SEPTEMBER 30, DECEMBER 31,
2006 2005
-------------- -------------
AMOUNTS IN MILLIONS
<S> <C> <C>
Current assets...................................... $ 2,819 2,716
Cost investments.................................... $ 1,991 2,084
Equity investments.................................. $ 1,341 1,229
Total assets........................................ $19,025 18,338
Long-term debt, including current portion........... $ 6,337 5,327
Deferred income tax liabilities..................... $ 3,075 3,104
Attributed net assets............................... $ 8,078 8,231
</Table>

Summary operations data:

<Table>
<Caption>
THREE MONTHS NINE MONTHS
ENDED ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------- -------------------
2006 2005 2006 2005
-------- -------- -------- --------
AMOUNTS IN MILLIONS
<S> <C> <C> <C> <C>
Revenue..................................................... $ 1,693 1,475 5,016 4,418
Cost of goods sold.......................................... (1,063) (942) (3,117) (2,778)
Operating expenses.......................................... (142) (129) (415) (388)
Selling, general and administrative expenses (1)............ (116) (109) (406) (337)
Depreciation and amortization............................... (122) (117) (367) (346)
------- ------ ------ ------
Operating income........................................ 250 178 711 569
Interest expense............................................ (108) (93) (298) (274)
Other income, net........................................... 25 29 95 5
Income tax expense.......................................... (45) (39) (167) (129)
Minority interests in earnings of subsidiaries.............. (8) (8) (26) (36)
------- ------ ------ ------
Earnings before cumulative effect of accounting change.... 114 67 315 135
Cumulative effect of accounting change, net of taxes........ -- -- (87) --
------- ------ ------ ------
Net earnings............................................ $ 114 67 228 135
======= ====== ====== ======
</Table>

- ------------------------

(1) Includes stock-based compensation of $(7) million and $10 million for the
three months ended September 30, 2006 and 2005, respectively; and $37
million and $35 million for the nine months ended September 30, 2006 and
2005, respectively.

2
<Page>
SUMMARY ATTRIBUTED FINANCIAL DATA

CAPITAL GROUP

Summary balance sheet data:

<Table>
<Caption>
SEPTEMBER 30, DECEMBER 31,
2006 2005
-------------- -------------
AMOUNTS IN MILLIONS
<S> <C> <C>
Current assets...................................... $ 3,042 2,580
Cost investments.................................... $18,271 16,413
Total assets........................................ $26,747 23,750
Long-term debt, including current portion........... $ 2,615 2,423
Deferred income tax liabilities..................... $ 6,594 5,624
Attributed net assets............................... $12,308 10,889
</Table>

Summary operations data:

<Table>
<Caption>
THREE MONTHS NINE MONTHS
ENDED ENDED
SEPTEMBER 30, SEPTEMBER 30,
------------------- -------------------
2006 2005 2006 2005
-------- -------- -------- --------
AMOUNTS IN MILLIONS
<S> <C> <C> <C> <C>
Revenue..................................................... $ 410 375 1,177 1,092
Operating expenses.......................................... (285) (270) (826) (767)
Selling, general and administrative expenses (1)............ (99) (59) (238) (186)
Depreciation and amortization............................... (47) (46) (135) (141)
----- ---- ----- -----
Operating loss.......................................... (21) -- (22) (2)
Interest expense............................................ (69) (56) (187) (170)
Realized and unrealized gains (losses) on derivative
instruments, net.......................................... (78) (346) 74 185
Gain (losses) on dispositions, net.......................... 25 1 352 (400)
Other income (expense), net................................. 51 (28) 137 31
Income tax benefit (expense)................................ 36 272 (78) 239
Minority interests in losses of subsidiaries................ 5 3 13 8
----- ---- ----- -----
Earnings (loss) from continuing operations................ (51) (154) 289 (109)
Earnings (loss) from discontinued operations, net of
taxes..................................................... -- (7) -- 27
Cumulative effect of accounting change, net of taxes........ -- -- (2) --
----- ---- ----- -----
Net earnings (loss)..................................... $ (51) (161) 287 (82)
===== ==== ===== =====
</Table>

- ------------------------

(1) Includes stock-based compensation of $3 million and $5 million for the three
months ended September 30, 2006 and 2005, respectively; and $12 million and
$(3) million for the nine months ended September 30, 2006 and 2005,
respectively.

3
<Page>
BALANCE SHEET INFORMATION
SEPTEMBER 30, 2006

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP ELIMINATIONS LIBERTY
----------- -------- ------------ ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents........................ $ 910 1,687 -- 2,597
Trade and other receivables, net................. 747 441 -- 1,188
Inventory, net................................... 905 -- -- 905
Derivative instruments (note 2).................. 16 212 -- 228
Current deferred tax assets...................... 183 -- (150) 33
Other current assets............................. 58 702 -- 760
------- ------ ------ ------
Total current assets........................... 2,819 3,042 (150) 5,711
------- ------ ------ ------
Investments in available-for-sale securities and
other cost investments (note 3).................. 1,991 18,271 -- 20,262
Long-term derivative instruments (note 2).......... -- 1,306 -- 1,306
Investments in affiliates, accounted for using the
equity method.................................... 1,341 484 -- 1,825
Property and equipment, net........................ 848 422 -- 1,270
Goodwill........................................... 5,742 2,054 -- 7,796
Trademarks......................................... 2,442 24 -- 2,466
Intangible assets subject to amortization, net..... 3,816 220 -- 4,036
Other assets, at cost, net of accumulated
amortization..................................... 26 924 -- 950
------- ------ ------ ------
Total assets................................... $19,025 26,747 (150) 45,622
======= ====== ====== ======
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable................................. $ 531 64 -- 595
Accrued liabilities.............................. 664 481 -- 1,145
Intergroup payable (receivable).................. (25) 25 -- --
Derivative instruments (note 2).................. -- 1,880 -- 1,880
Current portion of debt (note 4)................. 15 4 -- 19
Current deferred tax liabilities................. -- 150 (150) --
Other current liabilities........................ 34 140 -- 174
------- ------ ------ ------
Total current liabilities...................... 1,219 2,744 (150) 3,813
------- ------ ------ ------
Long-term debt (note 4)............................ 6,322 2,611 -- 8,933
Long-term derivative instruments (note 2).......... 11 1,136 -- 1,147
Deferred income tax liabilities (note 7)........... 3,075 6,594 -- 9,669
Other liabilities.................................. 225 1,161 -- 1,386
------- ------ ------ ------
Total liabilities.............................. 10,852 14,246 (150) 24,948
Minority interests in equity of subsidiaries....... 95 193 -- 288
Equity/Attributed net assets....................... 8,078 12,308 20,386
------- ------ ------ ------
Total liabilities and equity................... $19,025 26,747 (150) 45,622
======= ====== ====== ======
</Table>

4
<Page>
STATEMENT OF OPERATIONS INFORMATION
THREE MONTHS ENDED SEPTEMBER 30, 2006

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- -------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net sales from electronic retailing....................... $1,693 -- 1,693
Communications and programming services................... -- 410 410
------ ---- -----
1,693 410 2,103
------ ---- -----
Operating costs and expenses:
Cost of sales--electronic retailing services.............. 1,063 -- 1,063
Operating................................................. 142 285 427
Selling, general and administrative (including stock-based
compensation of $(7) million and $3 million for
Interactive Group and Capital Group, respectively)
(notes 5 and 6)......................................... 116 99 215
Depreciation and amortization............................. 122 47 169
------ ---- -----
1,443 431 1,874
------ ---- -----
Operating income (loss)................................. 250 (21) 229
Other income (expense):
Interest expense.......................................... (108) (69) (177)
Dividend and interest income.............................. 10 62 72
Share of earnings (losses) of affiliates, net............. 8 (5) 3
Realized and unrealized gains (losses) on financial
instruments, net........................................ 5 (78) (73)
Gains on dispositions of assets, net...................... -- 25 25
Nontemporary declines in fair value of investments........ -- (4) (4)
Other, net................................................ 2 (2) --
------ ---- -----
(83) (71) (154)
------ ---- -----
Earnings (loss) from continuing operations before income
taxes and minority interests.......................... 167 (92) 75
Income tax benefit (expense) (note 7)....................... (45) 36 (9)
Minority interests in losses (earnings) of subsidiaries..... (8) 5 (3)
------ ---- -----
Net earnings (loss)..................................... $ 114 (51) 63
====== ==== =====
</Table>

5
<Page>
STATEMENT OF OPERATIONS INFORMATION
THREE MONTHS ENDED SEPTEMBER 30, 2005

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- -------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net sales from electronic retailing....................... $1,475 -- 1,475
Communications and programming services................... -- 375 375
------ ---- -----
1,475 375 1,850
------ ---- -----
Operating costs and expenses:
Cost of sales--electronic retailing services.............. 942 -- 942
Operating................................................. 129 270 399
Selling, general and administrative (including stock-based
compensation of $10 million and $5 million for
Interactive Group and Capital Group, respectively (notes
5 and 6)................................................ 109 59 168
Depreciation and amortization............................. 117 46 163
------ ---- -----
1,297 375 1,672
------ ---- -----
Operating income........................................ 178 -- 178
Other income (expense):
Interest expense.......................................... (93) (56) (149)
Dividend and interest income.............................. 10 46 56
Share of earnings (losses) of affiliates, net............. 7 (3) 4
Realized and unrealized gains (losses) on derivative
instruments, net........................................ 14 (346) (332)
Gains on dispositions, net................................ -- 1 1
Nontemporary declines in fair value of investments........ -- (68) (68)
Other, net................................................ (2) (3) (5)
------ ---- -----
(64) (429) (493)
------ ---- -----
Earnings (loss) from continuing operations before income
taxes and minority interests.......................... 114 (429) (315)
Income tax benefit (expense) (note 7)....................... (39) 272 233
Minority interests in losses (earnings) of subsidiaries..... (8) 3 (5)
------ ---- -----
Earnings (loss) from continuing operations.............. 67 (154) (87)
Loss from discontinued operations, net of taxes............. -- (7) (7)
------ ---- -----
Net earnings (loss)..................................... $ 67 (161) (94)
====== ==== =====
</Table>

6
<Page>
STATEMENT OF OPERATIONS INFORMATION
NINE MONTHS ENDED SEPTEMBER 30, 2006

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- -------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net sales from electronic retailing....................... $5,016 -- 5,016
Communications and programming services................... -- 1,177 1,177
------ ----- -----
5,016 1,177 6,193
------ ----- -----
Operating costs and expenses:
Cost of sales--electronic retailing services.............. 3,117 -- 3,117
Operating................................................. 415 826 1,241
Selling, general and administrative (including stock-based
compensation of $37 million and $12 million for
Interactive Group and Capital Group, respectively)
(notes 5 and 6)......................................... 406 238 644
Depreciation and amortization............................. 367 135 502
------ ----- -----
4,305 1,199 5,504
------ ----- -----
Operating income (loss)................................. 711 (22) 689
Other income (expense):
Interest expense.......................................... (298) (187) (485)
Dividend and interest income.............................. 29 140 169
Share of earnings of affiliates, net...................... 29 3 32
Realized and unrealized gains on financial instruments,
net..................................................... 22 74 96
Gains on dispositions of assets, net...................... -- 352 352
Nontemporary declines in fair value of investments........ -- (4) (4)
Other, net................................................ 15 (2) 13
------ ----- -----
(203) 376 173
------ ----- -----
Earnings from continuing operations before income taxes
and minority interests................................ 508 354 862
Income tax expense (note 7)................................. (167) (78) (245)
Minority interests in losses (earnings) of subsidiaries..... (26) 13 (13)
------ ----- -----
Earnings from continuing operations..................... 315 289 604
Cumulative effect of accounting change, net of taxes........ (87) (2) (89)
------ ----- -----
Net earnings............................................ $ 228 287 515
====== ===== =====
</Table>

7
<Page>
STATEMENT OF OPERATIONS INFORMATION
NINE MONTHS ENDED SEPTEMBER 30, 2005

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- -------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net sales from electronic retailing....................... $4,418 -- 4,418
Communications and programming services................... -- 1,092 1,092
------ ----- -----
4,418 1,092 5,510
------ ----- -----
Operating costs and expenses:
Cost of sales--electronic retailing services.............. 2,778 -- 2,778
Operating................................................. 388 767 1,155
Selling, general and administrative (including stock-based
compensation of $35 million and ($3) million for
Interactive Group and Capital Group, respectively (notes
5 and 6)................................................ 337 186 523
Depreciation and amortization............................. 346 141 487
------ ----- -----
3,849 1,094 4,943
------ ----- -----
Operating income (loss)................................. 569 (2) 567
Other income (expense):
Interest expense.......................................... (274) (170) (444)
Dividend and interest income.............................. 28 93 121
Share of earnings of affiliates, net...................... 5 10 15
Realized and unrealized gains (losses) on derivative
instruments, net........................................ (37) 185 148
Gains (losses) on dispositions, net....................... 40 (400) (360)
Nontemporary declines in fair value of investments........ -- (68) (68)
Other, net................................................ (31) (4) (35)
------ ----- -----
(269) (354) (623)
------ ----- -----
Earnings (loss) from continuing operations before income
taxes and minority interests.......................... 300 (356) (56)
Income tax benefit (expense) (note 7)....................... (129) 239 110
Minority interests in losses (earnings) of subsidiaries..... (36) 8 (28)
------ ----- -----
Earnings (loss) from continuing operations.............. 135 (109) 26
Earnings from discontinued operations, net of taxes......... -- 27 27
------ ----- -----
Net earnings (loss)..................................... $ 135 (82) 53
====== ===== =====
</Table>

8
<Page>
STATEMENT OF CASH FLOWS INFORMATION
NINE MONTHS ENDED SEPTEMBER 30, 2006

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- -------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Cash flows from operating activities:
Net earnings.............................................. $ 228 287 515
Adjustments to reconcile net earnings to net cash provided
by operating activities:
Cumulative effect of accounting change.................. 87 2 89
Depreciation and amortization........................... 367 135 502
Stock-based compensation................................ 37 12 49
Payments of stock-based compensation.................... (105) (4) (109)
Noncash interest expense................................ 3 78 81
Share of earnings of affiliates, net.................... (29) (3) (32)
Realized and unrealized gains on financial instruments,
net................................................... (22) (74) (96)
Gains on disposition of assets, net..................... -- (352) (352)
Nontemporary declines in fair value of investments...... -- 4 4
Minority interests in earnings (losses) of
subsidiaries.......................................... 26 (13) 13
Deferred income tax expense (benefit)................... (112) 13 (99)
Other noncash charges (credits), net.................... (13) 44 31
Changes in operating assets and liabilities, net of the
effects of acquisitions:
Current assets........................................ (66) (149) (215)
Payables and other current liabilities................ (164) 430 266
------ ----- ------
Net cash provided by operating activities........... 237 410 647
------ ----- ------
Cash flows from investing activities:
Cash proceeds from dispositions........................... -- 925 925
Net proceeds from settlement of derivatives............... -- 330 330
Cash paid for acquisitions, net of cash acquired.......... (436) (430) (866)
Capital expended for property and equipment............... (170) (64) (234)
Net sales (purchases) of short term investments........... 23 (11) 12
Investments in and loans to cost and equity investees..... (5) (173) (178)
Repurchases of subsidiary common stock.................... (314) (3) (317)
Other investing activities, net........................... (9) 67 58
------ ----- ------
Net cash provided (used) by investing activities.... (911) 641 (270)
------ ----- ------
Cash flows from financing activities:
Borrowings of debt........................................ 2,376 1 2,377
Repayments of debt........................................ (1,381) (2) (1,383)
Repurchases of Liberty common stock....................... (731) -- (731)
Intergroup cash transfers, net............................ 293 (293) --
Other financing activities, net........................... 71 (71) --
------ ----- ------
Net cash provided (used) by financing activities.... 628 (365) 263
------ ----- ------
Effect of foreign currency rates on cash.................... 11 -- 11
------ ----- ------
Net increase (decrease) in cash and cash
equivalents....................................... (35) 686 651
Cash and cash equivalents at beginning of period.... 945 1,001 1,946
------ ----- ------
Cash and cash equivalents at end period............. $ 910 1,687 2,597
====== ===== ======
</Table>

9
<Page>
STATEMENT OF CASH FLOWS INFORMATION
NINE MONTHS ENDED SEPTEMBER 30, 2005

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- -------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Cash flows from operating activities:
Net earnings (loss)....................................... $ 135 (82) 53
Adjustments to reconcile net earnings (loss) to net cash
provided by operating activities:
Earnings from discontinued operations................... -- (27) (27)
Depreciation and amortization........................... 346 141 487
Stock compensation...................................... 35 (3) 32
Payments of stock compensation.......................... -- (96) (96)
Noncash interest expense................................ 2 73 75
Share of earnings of affiliates, net.................... (5) (10) (15)
Realized and unrealized losses (gains) on derivative
instruments, net...................................... 37 (185) (148)
Losses (gains) on disposition of assets, net............ (40) 400 360
Nontemporary declines in fair value of investments...... -- 68 68
Minority interests in earnings (losses) of
subsidiaries.......................................... 36 (8) 28
Deferred income tax benefit............................. (133) (171) (304)
Other noncash charges, net.............................. 32 54 86
Changes in operating assets and liabilities, net of the
effect of acquisitions and dispositions:
Current assets........................................ (3) (104) (107)
Payables and other current liabilities................ (9) 112 103
------- ---- ------
Net cash provided by operating activities........... 433 162 595
------- ---- ------
Cash flows from investing activities:
Cash proceeds from dispositions........................... -- 54 54
Premium proceeds from origination of derivatives.......... -- 437 437
Net proceeds from settlement of derivatives............... -- 318 318
Cash paid for acquisitions, net of cash acquired.......... -- (5) (5)
Capital expended for property and equipment............... (93) (65) (158)
Net purchases of short term investments................... -- (73) (73)
Repurchases of subsidiary common stock.................... (52) (10) (62)
Other investing activities, net........................... (3) (4) (7)
------- ---- ------
Net cash provided (used) by investing activities.... (148) 652 504
------- ---- ------
Cash flows from financing activities:
Borrowings of debt........................................ 800 61 861
Repayments of debt........................................ (1,399) (60) (1,459)
Intergroup cash transfers, net............................ 463 (463) --
Other financing activities, net........................... (10) 72 62
------- ---- ------
Net cash used by financing activities............... (146) (390) (536)
------- ---- ------
Effect of foreign currency rates on cash.................... (35) -- (35)
------- ---- ------
Net cash provided to discontinued operations:
Cash provided by operating activities..................... -- 31 31
Cash used by investing activities......................... -- (47) (47)
Cash provided by financing activities..................... -- -- --
Change in available cash held by discontinued
operations.............................................. -- (190) (190)
------- ---- ------
Net cash provided to discontinued operations........ -- (206) (206)
------- ---- ------
Net increase in cash and cash equivalents......... 104 218 322
Cash and cash equivalents at beginning of
period.......................................... 855 532 1,387
------- ---- ------
Cash and cash equivalents at end of period........ $ 959 750 1,709
======= ==== ======
</Table>

10
<Page>
NOTES TO ATTRIBUTED FINANCIAL INFORMATION

(1) The assets attributed to our Interactive Group as of September 30, 2006
include our 100% interests in QVC, Inc., Provide Commerce, Inc. and
BuySeasons, Inc., our approximate 22% interest in IAC/InterActiveCorp and our
approximate 20% interests in GSI Commerce, Inc. and Expedia, which we account
for as equity affiliates. Accordingly, the accompanying attributed financial
information for the Interactive Group includes our investments in
IAC/InterActiveCorp, Expedia and GSI, as well as the assets, liabilities,
revenue, expenses and cash flows of QVC, Provide and BuySeasons. We have also
attributed certain of our debt obligations (and related interest expense) to the
Interactive Group based upon a number of factors, including the cash flow
available to the Interactive Group and its ability to pay debt service and our
assessment of the optimal capitalization for the Interactive Group. The specific
debt obligations attributed to each of the Interactive Group and the Capital
Group are described in note 4 below. In addition, we have allocated certain
corporate general and administrative expenses between the Interactive Group and
the Capital Group as described in note 5 below.

The Interactive Group will focus on video and on-line commerce businesses.
Accordingly, we expect that businesses that we may acquire in the future that we
believe are complementary to this strategy will also be attributed to the
Interactive Group.

The Capital Group consists of all of our businesses not included in the
Interactive Group, including our consolidated subsidiaries Starz Entertainment,
LLC, FUN Technologies, Inc., TruePosition, Inc., Starz Media, LLC, On Command
Corporation and OpenTV Corp. and our cost and equity investments in GSN, LLC,
WildBlue Communications, Inc. and others. Accordingly, the accompanying
attributed financial information for the Capital Group includes these
investments and the assets, liabilities, revenue, expenses and cash flows of
these consolidated subsidiaries. In addition, we have attributed to the Capital
Group all of our notes and debentures (and related interest expense) that have
not been attributed to the Interactive Group. See note 4 below for the debt
obligations attributed to the Capital Group.

Any businesses that we may acquire in the future that are not attributed to
the Interactive Group will be attributed to the Capital Group.

While we believe the allocation methodology described above is reasonable
and fair to each group, we may elect to change the allocation methodology in the
future. In the event we elect to transfer assets or businesses from one group to
the other, such transfer would be made on a fair value basis and would be
accounted for as a short-term loan unless our board of directors determines to
account for it as a long-term loan or through an inter-group interest.

(2) Derivative instruments attributed to the Interactive Group are comprised
of total return bond swaps and interest rate swaps that are related to the
parent company debt attributed to the Interactive Group.

(3) The carrying value and unrealized holding gains as of September 30, 2006
of cost investments attributed to the Interactive Group are presented below:

<Table>
<Caption>
UNREALIZED
CARRYING HOLDING
VALUE GAINS
-------- ----------
AMOUNTS IN MILLIONS
<S> <C> <C>
IAC/InterActiveCorp...................................... $1,991 426
====== ===
</Table>

11
<Page>
NOTES TO ATTRIBUTED FINANCIAL INFORMATION

(4) Debt attributed to the Interactive Group and the Capital Group is
comprised of the following:

<Table>
<Caption>
SEPTEMBER 30, 2006
----------------------
OUTSTANDING CARRYING
PRINCIPAL VALUE
----------- --------
AMOUNTS IN MILLIONS
<S> <C> <C>
Interactive Group
7.875% Senior Notes due 2009.......................... $ 670 667
7.75% Senior Notes due 2009........................... 234 234
5.7% Senior Notes due 2013............................ 802 800
8.5% Senior Debentures due 2029....................... 500 495
8.25% Senior Debentures due 2030...................... 902 895
QVC bank credit facility.............................. 3,175 3,175
Other subsidiary debt................................. 71 71
------- -----
Total Interactive Group debt........................ 6,354 6,337
------- -----
Capital Group
4% Senior Exchangeable Debentures due 2029............ 869 254
3.75% Senior Exchangeable Debentures due 2030......... 810 233
3.5% Senior Exchangeable Debentures due 2031.......... 600 237
3.25% Senior Exchangeable Debentures due 2031......... 551 118
0.75% Senior Exchangeable Debentures due 2023......... 1,750 1,615
Subsidiary debt....................................... 158 158
------- -----
Total Capital Group debt............................ 4,738 2,615
------- -----
Total debt.............................................. $11,092 8,952
======= =====
</Table>

(5) Cash compensation expense for our corporate employees has been allocated
between the Interactive Group and the Capital Group based on the estimated
percentage of time spent providing services for each group. Stock-based
compensation expense for our corporate employees has been allocated between the
Interactive Group and the Capital Group based on the compensation derived from
the equity awards for the respective tracking stock. Other general and
administrative expenses are charged directly to the groups whenever possible and
are otherwise allocated based on estimated usage or some other reasonably
determined methodology. Amounts allocated from the Capital Group to the
Interactive Group for the nine months ended September 30, 2006 and 2005 were $10
million and $3 million, respectively. While we believe that this allocation
method is reasonable and fair to each group, we may elect to change the
allocation methodology or percentages used to allocate general and
administrative expenses in the future.

(6) Prior to January 1, 2006, we accounted for compensation expense related
to stock options and stock appreciation rights pursuant to the recognition and
measurement provisions of Accounting Principles Board Opinion No. 25,
"ACCOUNTING FOR STOCK ISSUED TO EMPLOYEES" ("APB Opinion No. 25"). Compensation
was recognized based upon the percentage of the options that were vested and the
difference between the market price of the underlying common stock and the
exercise price of the options at the balance sheet date. The following tables
for the three and nine months ended September 30, 2005 illustrate the effect on
earnings from continuing operations if we had applied the fair value recognition
provisions of Statement of Financial Accounting Standards No. 123, "ACCOUNTING
FOR STOCK-BASED COMPENSATION," ("Statement 123") to our options. Compensation
expense for SARs and options

12
<Page>
NOTES TO ATTRIBUTED FINANCIAL INFORMATION

with tandem SARs is the same under APB Opinion No. 25 and Statement 123.
Accordingly, no pro forma adjustment for such awards is included in the
following table.

<Table>
<Caption>
THREE MONTHS NINE MONTHS
ENDED ENDED
SEPTEMBER 30, SEPTEMBER 30,
2005 2005
-------------- --------------
AMOUNTS IN MILLIONS
<S> <C> <C>
Interactive Group
Earnings from continuing operations, as
reported....................................... $ 67 135
Add stock-based compensation as determined
under the intrinsic value method, net of
taxes........................................ -- 1
Deduct stock-based compensation as determined
under the fair value method, net of taxes.... (11) (18)
----- ----
Pro forma earnings from continuing operations.... $ 56 118
===== ====
Capital Group
Loss from continuing operations, as reported..... $(154) (109)
Add stock-based compensation as determined
under the intrinsic value method, net of
taxes........................................ 1 2
Deduct stock-based compensation as determined
under the fair value method, net of taxes.... (18) (28)
----- ----
Pro forma loss from continuing operations........ $(171) (135)
===== ====
</Table>

(7) We have accounted for income taxes for the Interactive Group and the
Capital Group in the accompanying attributed financial information in a manner
similar to a stand-alone company basis. To the extent this methodology differs
from our tax sharing policy, differences have been reflected in the attributed
net assets of the groups.

(8) The Liberty Interactive Stock and the Liberty Capital Stock have voting
and conversion rights under our amended charter. Following is a summary of those
rights. Holders of Series A common stock of each group are entitled to one vote
per share and holders of Series B common stock of each group are entitled to ten
votes per share. Holders of Series C common stock of each group, if issued, will
be entitled to 1/100th of a vote per share in certain limited cases and will
otherwise not be entitled to vote. In general, holders of Series A and Series B
common stock vote as a single class. In certain limited circumstances, the board
may elect to seek the approval of the holders of only Series A and Series B
Liberty Interactive Stock or the approval of the holders of only Series A and
Series B Liberty Capital Stock.

At the option of the holder, each share of Series B common stock is
convertible into one share of Series A common stock of the same group. At the
discretion of our board, Liberty Interactive Stock may be converted into Liberty
Capital Stock at any time following the first anniversary of the restructuring.
In addition, following certain group dispositions and subject to certain
limitations, Liberty Capital Stock may be converted into Liberty Interactive
Stock, and Liberty Interactive Stock may be converted into Liberty Capital
Stock.

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