EXHIBIT 99.1

<Page>
EXHIBIT 99.1

ATTRIBUTED FINANCIAL INFORMATION FOR TRACKING STOCK GROUPS

Our Liberty Interactive common stock is intended to reflect the separate
performance of our Interactive Group which is comprised of our businesses
engaged in video and on-line commerce, including our subsidiaries, QVC, Inc.,
Provide Commerce, Inc., BuySeasons, Inc. and Backcountry.com, Inc. and our
interests in IAC/InterActiveCorp and Expedia, Inc. Our Liberty Capital common
stock is intended to reflect the separate performance of our Capital Group which
is comprised of all of our assets and businesses not attributed to the
Interactive Group.

The following tables present our assets, liabilities, revenue, expenses and
cash flows as of and for the six months ended June 30, 2007 and 2006. 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 should be read in conjunction with our unaudited condensed
consolidated financial statements for the three and six months ended June 30,
2007 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, 2006.

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

1
<Page>
SUMMARY ATTRIBUTED FINANCIAL DATA

INTERACTIVE GROUP

<Table>
<Caption>
JUNE 30, DECEMBER 31,
2007 2006
--------- -------------
AMOUNTS IN MILLIONS
<S> <C> <C>
SUMMARY BALANCE SHEET DATA:
Current assets.............................................. $ 2,683 2,984
Cost investments............................................ $ 2,606 2,572
Equity investments.......................................... $ 1,279 1,358
Total assets................................................ $19,552 19,820
Long-term debt, including current portion................... $ 6,841 6,383
Deferred income tax liabilities............................. $ 2,961 3,057
Attributed net assets....................................... $ 8,315 8,561
</Table>

<Table>
<Caption>
THREE MONTHS SIX MONTHS
ENDED ENDED
JUNE 30, JUNE 30,
------------------- -------------------
2007 2006 2007 2006
-------- -------- -------- --------
AMOUNTS IN MILLIONS
<S> <C> <C> <C> <C>
SUMMARY OPERATIONS DATA:
Revenue..................................................... $ 1,791 1,715 3,562 3,323
Cost of sales............................................... (1,112) (1,054) (2,222) (2,054)
Operating expenses.......................................... (148) (141) (292) (273)
Selling, general and administrative expenses(1)............. (147) (152) (295) (290)
Depreciation and amortization............................... (137) (125) (262) (245)
------- ------ ------ ------
Operating income........................................ 247 243 491 461
Interest expense............................................ (105) (97) (219) (190)
Other income, net........................................... 48 36 76 70
Income tax expense.......................................... (81) (46) (141) (122)
Minority interests in earnings of subsidiaries.............. (7) (10) (14) (18)
------- ------ ------ ------
Earnings before cumulative effect of accounting change.... 102 126 193 201
Cumulative effect of accounting change, net of taxes........ -- -- -- (87)
------- ------ ------ ------
Net earnings............................................ $ 102 126 193 114
======= ====== ====== ======
</Table>

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

(1) Includes stock-based compensation of $9 million and $17 million for the
three months ended June 30, 2007 and 2006, respectively; and $22 million and
$44 million for the six months ended June 30, 2007 and 2006, respectively.

2
<Page>
SUMMARY ATTRIBUTED FINANCIAL DATA

CAPITAL GROUP

<Table>
<Caption>
JUNE 30, DECEMBER 31,
2007 2006
--------- -------------
AMOUNTS IN MILLIONS
<S> <C> <C>
SUMMARY BALANCE SHEET DATA:
Current assets.............................................. $ 3,532 3,776
Cost investments............................................ $17,571 19,050
Equity investments.......................................... $ 517 484
Total assets................................................ $28,138 27,849
Long-term debt, including current portion................... $ 5,024 2,640
Deferred income tax liabilities............................. $ 6,014 6,604
Attributed net assets....................................... $12,709 13,072
</Table>

<Table>
<Caption>
THREE MONTHS SIX MONTHS
ENDED ENDED
JUNE 30, JUNE 30,
------------------- -------------------
2007 2006 2007 2006
-------- -------- -------- --------
AMOUNTS IN MILLIONS
<S> <C> <C> <C> <C>
SUMMARY OPERATIONS DATA:
Revenue..................................................... $ 402 310 754 603
Operating expenses.......................................... (286) (220) (526) (433)
Selling, general and administrative expenses(1)............. (101) (55) (182) (108)
Depreciation and amortization............................... (35) (21) (61) (42)
----- ---- ----- ----
Operating income (loss)................................. (20) 14 (15) 20
Interest expense............................................ (40) (63) (76) (118)
Realized and unrealized gains (losses) on financial
instruments, net.......................................... (247) 365 95 152
Gain on dispositions, net................................... 617 303 623 327
Other income, net........................................... 45 30 103 84
Income tax benefit (expense)................................ 453 (294) 311 (118)
Minority interests in losses (earnings) of subsidiaries..... (8) 1 (5) 3
----- ---- ----- ----
Earnings from continuing operations....................... 800 356 1,036 350
Earnings (loss) from discontinued operations, net of
taxes..................................................... 107 (4) 149 (10)
Cumulative effect of accounting change, net of taxes........ -- -- -- (2)
----- ---- ----- ----
Net earnings............................................ $ 907 352 1,185 338
===== ==== ===== ====
</Table>

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

(1) Includes stock-based compensation of $9 million and $4 million for the three
months ended June 30, 2007 and 2006, respectively; and $18 million and
$7 million for the six months ended June 30, 2007 and 2006, respectively.

3
<Page>
BALANCE SHEET INFORMATION

JUNE 30, 2007

(UNAUDITED)

<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........................ $ 806 2,388 -- 3,194
Trade and other receivables, net................. 840 343 -- 1,183
Inventory, net................................... 862 -- -- 862
Program rights................................... -- 564 -- 564
Financial instruments (note 2)................... -- 174 -- 174
Current deferred tax assets...................... 116 -- (116) --
Other current assets............................. 59 63 -- 122
------- ------ ---- ------
Total current assets........................... 2,683 3,532 (116) 6,099
------- ------ ---- ------
Investments in available-for-sale securities and
other cost investments........................... 2,606 17,571 -- 20,177
Long-term financial instruments (note 2)........... 28 1,063 -- 1,091
Investments in affiliates, accounted for using the
equity method.................................... 1,279 517 -- 1,796
Investment in special purpose entity............... -- 750 -- 750
Property and equipment, net........................ 1,012 285 -- 1,297
Goodwill........................................... 5,831 2,068 -- 7,899
Trademarks......................................... 2,470 21 -- 2,491
Intangible assets subject to amortization, net..... 3,600 398 -- 3,998
Other assets, at cost, net of accumulated
amortization..................................... 43 1,933 -- 1,976
------- ------ ---- ------
Total assets................................... $19,552 28,138 (116) 47,574
======= ====== ==== ======
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable................................. $ 408 26 -- 434
Accrued interest................................. 98 43 -- 141
Other accrued liabilities........................ 540 461 -- 1,001
Intergroup payable (receivable).................. 5 (5) -- --
Financial instruments (note 2)................... -- 1,365 -- 1,365
Current portion of debt (note 3)................. 22 198 -- 220
Current deferred tax liabilities................. -- 293 (116) 177
Other current liabilities........................ 49 55 -- 104
------- ------ ---- ------
Total current liabilities...................... 1,122 2,436 (116) 3,442
------- ------ ---- ------
Long-term debt (note 3)............................ 6,819 4,826 -- 11,645
Long-term financial instruments (note 2)........... -- 131 -- 131
Deferred income tax liabilities (note 5)........... 2,961 6,014 -- 8,975
Other liabilities.................................. 252 1,213 -- 1,465
------- ------ ---- ------
Total liabilities.............................. 11,154 14,620 (116) 25,658
Minority interests in equity of subsidiaries....... 83 809 -- 892
Equity/Attributed net assets....................... 8,315 12,709 -- 21,024
------- ------ ---- ------
Total liabilities and equity................... $19,552 28,138 (116) 47,574
======= ====== ==== ======
</Table>

4
<Page>
STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION

THREE MONTHS ENDED JUNE 30, 2007

(UNAUDITED)

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
-----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- --------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net retail sales.......................................... $1,791 -- 1,791
Communications and programming services................... -- 402 402
------ ---- -----
1,791 402 2,193
------ ---- -----
Operating costs and expenses:
Cost of sales............................................. 1,112 -- 1,112
Operating................................................. 148 286 434
Selling, general and administrative (including stock-based
compensation of $9 million and $9 million for
Interactive Group and Capital Group, respectively
(notes 1 and 4)......................................... 147 101 248
Depreciation and amortization............................. 137 35 172
------ ---- -----
1,544 422 1,966
------ ---- -----
Operating income (loss)................................. 247 (20) 227

Other income (expense):
Interest expense.......................................... (105) (40) (145)
Dividend and interest income.............................. 12 52 64
Share of earnings (losses) of affiliates, net............. 24 (8) 16
Realized and unrealized losses on financial instruments,
net..................................................... (4) (247) (251)
Gains on dispositions, net................................ 12 617 629
Other, net................................................ 4 1 5
------ ---- -----
(57) 375 318
------ ---- -----
Earnings from continuing operations before income taxes
and minority interests................................ 190 355 545
Income tax benefit (expense) (note 5)....................... (81) 453 372
Minority interests in earnings of subsidiaries.............. (7) (8) (15)
------ ---- -----
Earnings from continuing operations..................... 102 800 902
Earnings from discontinued operations, net of taxes......... -- 107 107
------ ---- -----
Net earnings............................................ $ 102 907 1,009
------ ---- -----
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments.................. 9 2 11
Unrealized holding losses arising during the period....... (50) (272) (322)
Recognition of previously unrealized gains on
available-for-sale securities, net...................... -- (392) (392)
------ ---- -----
Other comprehensive loss.............................. (41) (662) (703)
------ ---- -----
Comprehensive earnings.............................. $ 61 245 306
====== ==== =====
</Table>

5
<Page>
STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION

THREE MONTHS ENDED JUNE 30, 2006

(UNAUDITED)

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
-----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- --------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net retail sales.......................................... $1,715 -- 1,715
Communications and programming services................... -- 310 310
------ ---- -----
1,715 310 2,025
------ ---- -----
Operating costs and expenses:
Cost of sales............................................. 1,054 -- 1,054
Operating................................................. 141 220 361
Selling, general and administrative (including stock-based
compensation of $17 million and $4 million for
Interactive Group and Capital Group, respectively)
(notes 1 and 4)......................................... 152 55 207
Depreciation and amortization............................. 125 21 146
------ ---- -----
1,472 296 1,768
------ ---- -----
Operating income........................................ 243 14 257

Other income (expense):
Interest expense.......................................... (97) (63) (160)
Dividend and interest income.............................. 10 29 39
Share of earnings of affiliates, net...................... 17 4 21
Realized and unrealized gains (losses) on financial
instruments, net........................................ (3) 365 362
Gains on dispositions of assets, net...................... -- 303 303
Other, net................................................ 12 (3) 9
------ ---- -----
(61) 635 574
------ ---- -----
Earnings from continuing operations before income taxes
and minority interests................................ 182 649 831
Income tax expense (note 5)................................. (46) (294) (340)
Minority interests in losses (earnings) of subsidiaries..... (10) 1 (9)
------ ---- -----
Earnings from continuing operations..................... 126 356 482

Loss from discontinued operations, net of taxes............. -- (4) (4)
------ ---- -----
Net earnings............................................ $ 126 352 478
------ ---- -----
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments.................. 58 -- 58
Unrealized holding gains (losses) arising during the
period.................................................. (141) 582 441
Other comprehensive earnings from discontinued
operations.............................................. -- 1 1
------ ---- -----
Other comprehensive earnings (loss)................... (83) 583 500
------ ---- -----
Comprehensive earnings.............................. $ 43 935 978
====== ==== =====
</Table>

6
<Page>
STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION

SIX MONTHS ENDED JUNE 30, 2007

(UNAUDITED)

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
-----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- --------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net retail sales.......................................... $3,562 -- 3,562
Communications and programming services................... -- 754 754
------ ----- -----
3,562 754 4,316
------ ----- -----
Operating costs and expenses:
Cost of sales............................................. 2,222 -- 2,222
Operating................................................. 292 526 818
Selling, general and administrative (including stock-based
compensation of $22 million and $18 million for
Interactive Group and Capital Group, respectively
(notes 1 and 4)......................................... 295 182 477
Depreciation and amortization............................. 262 61 323
------ ----- -----
3,071 769 3,840
------ ----- -----
Operating income (loss)................................. 491 (15) 476

Other income (expense):
Interest expense.......................................... (219) (76) (295)
Dividend and interest income.............................. 23 116 139
Share of earnings (losses) of affiliates, net............. 39 (14) 25
Realized and unrealized gains (losses) on financial
instruments, net........................................ (2) 95 93
Gains on dispositions, net................................ 12 623 635
Other, net................................................ 4 1 5
------ ----- -----
(143) 745 602
------ ----- -----
Earnings from continuing operations before income taxes
and minority interests................................ 348 730 1,078
Income tax benefit (expense) (note 5)....................... (141) 311 170
Minority interests in earnings of subsidiaries.............. (14) (5) (19)
------ ----- -----
Earnings from continuing operations..................... 193 1,036 1,229
Earnings from discontinued operations, net of taxes......... -- 149 149
------ ----- -----
Net earnings............................................ $ 193 1,185 1,378
------ ----- -----
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments.................. 21 1 22
Unrealized holding losses arising during the period....... (33) (14) (47)
Recognition of previously unrealized gains on
available-for-sale securities, net...................... -- (396) (396)
------ ----- -----
Other comprehensive loss.............................. (12) (409) (421)
------ ----- -----
Comprehensive earnings.............................. $ 181 776 957
====== ===== =====
</Table>

7
<Page>
STATEMENT OF OPERATIONS AND COMPREHENSIVE EARNINGS INFORMATION

SIX MONTHS ENDED JUNE 30, 2006

(UNAUDITED)

<Table>
<Caption>
ATTRIBUTED (NOTE 1)
-----------------------
INTERACTIVE CAPITAL CONSOLIDATED
GROUP GROUP LIBERTY
----------- --------- ------------
AMOUNTS IN MILLIONS
<S> <C> <C> <C>
Revenue:
Net retail sales.......................................... $3,323 -- 3,323
Communications and programming services................... -- 603 603
------ ----- -----
3,323 603 3,926
------ ----- -----
Operating costs and expenses:
Cost of sales............................................. 2,054 -- 2,054
Operating................................................. 273 433 706
Selling, general and administrative (including stock-based
compensation of $44 million and $7 million for
Interactive Group and Capital Group, respectively)
(notes 1 and 4)......................................... 290 108 398
Depreciation and amortization............................. 245 42 287
------ ----- -----
2,862 583 3,445
------ ----- -----
Operating income........................................ 461 20 481

Other income (expense):
Interest expense.......................................... (190) (118) (308)
Dividend and interest income.............................. 19 76 95
Share of earnings of affiliates, net...................... 21 8 29
Realized and unrealized gains on financial instruments,
net..................................................... 17 152 169
Gains on dispositions of assets, net...................... -- 327 327
Other, net................................................ 13 -- 13
------ ----- -----
(120) 445 325
------ ----- -----
Earnings from continuing operations before income taxes
and minority interests................................ 341 465 806
Income tax expense (note 5)................................. (122) (118) (240)
Minority interests in losses (earnings) of subsidiaries..... (18) 3 (15)
------ ----- -----
Earnings from continuing operations..................... 201 350 551

Loss from discontinued operations, net of taxes............. -- (10) (10)
Cumulative effect of accounting change, net of taxes........ (87) (2) (89)
------ ----- -----
Net earnings............................................ $ 114 338 452
------ ----- -----
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments.................. 78 -- 78
Unrealized holding gains (losses) arising during the
period.................................................. (81) 983 902
Recognition of previously unrealized gains on
available-for-sale securities, net...................... -- (15) (15)
Other comprehensive earnings from discontinued
operations.............................................. -- 1 1
------ ----- -----
Other comprehensive earnings (loss)................... (3) 969 966
------ ----- -----
Comprehensive earnings.............................. $ 111 1,307 1,418
====== ===== =====
</Table>

8
<Page>
STATEMENT OF CASH FLOWS INFORMATION

SIX MONTHS ENDED JUNE 30, 2007

(UNAUDITED)

<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.............................................. $ 193 1,185 1,378
Adjustments to reconcile net earnings to net cash provided
by operating activities:
Earnings from discontinued operations................... -- (149) (149)
Depreciation and amortization........................... 262 61 323
Stock-based compensation................................ 22 18 40
Payments of stock-based compensation.................... (33) (2) (35)
Noncash interest expense................................ 2 4 6
Share of losses (earnings) of affiliates, net........... (39) 14 (25)
Realized and unrealized gains on financial instruments,
net................................................... 2 (95) (93)
Gains on disposition of assets, net..................... (12) (623) (635)
Minority interests in earnings of subsidiaries.......... 14 5 19
Intergroup tax payments................................. (182) 182 --
Other intergroup cash transfers, net.................... (13) 13 --
Deferred income tax expense (benefit)................... (46) (201) (247)
Other noncash charges (credits), net.................... (4) 17 13
Changes in operating assets and liabilities, net of the
effects of acquisitions:
Current assets........................................ 138 (136) 2
Payables and other current liabilities................ (79) (2) (81)
----- ------ ------
Net cash provided by operating activities........... 225 291 516
----- ------ ------
Cash flows from investing activities:
Cash proceeds from dispositions........................... 12 508 520
Net payments for settlement of financial instruments...... -- (65) (65)
Cash paid for acquisitions, net of cash acquired.......... (120) (6) (126)
Cash received in exchange transactions.................... -- 1,154 1,154
Capital expended for property and equipment............... (167) (12) (179)
Net purchases of short term investments................... -- (191) (191)
Investments in and loans to cost and equity investees..... -- (810) (810)
Net increase in restricted cash........................... -- (734) (734)
Other investing activities, net........................... (4) 23 19
----- ------ ------
Net cash used by investing activities............... (279) (133) (412)
----- ------ ------
Cash flows from financing activities:
Borrowings of debt........................................ 630 754 1,384
Repayments of debt........................................ (180) (156) (336)
Repurchases of Liberty common stock....................... (531) (1,305) (1,836)
Contribution from minority owner.......................... -- 750 750
Other financing activities, net........................... (6) 25 19
----- ------ ------
Net cash used by financing activities............... (87) 68 (19)
----- ------ ------
Effect of foreign currency rates on cash.................... 1 -- 1
----- ------ ------
Net cash provided to discontinued operations:
Cash provided by operating activities..................... -- 8 8
Cash used by investing activities......................... -- (9) (9)
Cash provided by financing activities..................... -- -- --
Change in available cash held by discontinued
operations.............................................. -- 2 2
----- ------ ------
Net cash provided by discontinued operations........ -- 1 1
----- ------ ------
Net increase (decrease) in cash and cash
equivalents....................................... (140) 227 87
Cash and cash equivalents at beginning of period.... 946 2,161 3,107
----- ------ ------
Cash and cash equivalents at end period............. $ 806 2,388 3,194
===== ====== ======
</Table>

9
<Page>
STATEMENT OF CASH FLOWS INFORMATION

SIX MONTHS ENDED JUNE 30, 2006

(UNAUDITED)

<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.............................................. $ 114 338 452
Adjustments to reconcile net earnings to net cash provided
by operating activities:
Loss from discontinued operations....................... -- 10 10
Cumulative effect of accounting change.................. 87 2 89
Depreciation and amortization........................... 245 42 287
Stock compensation...................................... 44 7 51
Payments of stock-based compensation.................... (1) -- (1)
Noncash interest expense................................ 1 52 53
Share of earnings of affiliates, net.................... (21) (8) (29)
Realized and unrealized gains on financial instruments,
net................................................... (17) (152) (169)
Gains on disposition of assets, net..................... -- (327) (327)
Minority interests in earnings (losses) of
subsidiaries.......................................... 18 (3) 15
Deferred income tax expense (benefit)................... (83) 154 71
Other noncash charges (credits), net.................... (13) 31 18
Changes in operating assets and liabilities, net of the
effect of acquisitions and dispositions:
Current assets........................................ 89 (60) 29
Payables and other current liabilities................ (190) 135 (55)
----- ----- -----
Net cash provided by operating activities........... 273 221 494
----- ----- -----
Cash flows from investing activities:
Cash proceeds from dispositions........................... -- 920 920
Net proceeds (payments) from settlement of financial
instruments............................................. -- 200 200
Cash paid for acquisitions, net of cash acquired.......... (431) (170) (601)
Capital expended for property and equipment............... (99) (5) (104)
Net sales of short term investments....................... 23 (28) (5)
Repurchases of subsidiary common stock.................... (159) -- (159)
Investments in and loans to investees..................... (2) (138) (140)
Other investing activities, net........................... (9) 9 --
----- ----- -----
Net cash provided (used) by investing activities.... (677) 788 111
----- ----- -----
Cash flows from financing activities:
Borrowings of debt........................................ 400 -- 400
Repayments of debt........................................ (4) (2) (6)
Repurchases of Liberty common stock....................... (341) -- (341)
Intergroup cash transfers, net............................ 236 (236) --
Other financing activities, net........................... 77 (40) 37
----- ----- -----
Net cash provided (used) by financing activities.... 368 (278) 90
----- ----- -----
Effect of foreign currency rates on cash.................... 16 -- 16
----- ----- -----
Net cash provided to discontinued operations:
Cash provided by operating activities..................... -- 33 33
Cash used by investing activities......................... -- (42) (42)
Cash provided by financing activities..................... -- 3 3
Change in available cash held by discontinued
operations.............................................. -- 2 2
----- ----- -----
Net cash provided to discontinued operations........ -- (4) (4)
----- ----- -----
Net increase (decrease) in cash and cash
equivalents....................................... (20) 727 707
Cash and cash equivalents at beginning of period.... 945 951 1,896
----- ----- -----
Cash and cash equivalents at end of period.......... $ 925 1,678 2,603
===== ===== =====
</Table>

10
<Page>
NOTES TO ATTRIBUTED FINANCIAL INFORMATION

(UNAUDITED)

(1) The assets attributed to our Interactive Group as of June 30, 2007 include
our consolidated subsidiaries QVC, Inc., Provide Commerce, Inc.,
BuySeasons, Inc. and Backcountry.com, Inc., and our interests in
IAC/InterActiveCorp, GSI Commerce, Inc. and Expedia, Inc. 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,
BuySeasons and Backcountry. 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 3 below. In addition, we have allocated certain
corporate general and administrative expenses between the Interactive Group
and the Capital Group as described in note 4 below.

The Interactive Group focuses 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, Starz Media, LLC, FUN Technologies, Inc., the Atlanta
Braves, Leisure Arts, Inc., TruePosition, Inc. and WFRV and WJMN Television
Station, Inc. 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 3 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) Financial instruments attributed to the Interactive Group are comprised of
QVC's interest rate swap agreements and total return bond swaps that are
related to the parent company debt attributed to the Interactive Group.

11
<Page>
NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED)

(UNAUDITED)

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

<Table>
<Caption>
JUNE 30, 2007
----------------------
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........................... 233 234
5.7% Senior Notes due 2013............................ 802 801
8.5% Senior Debentures due 2029....................... 500 495
8.25% Senior Debentures due 2030...................... 902 895
QVC bank credit facilities............................ 3,675 3,675
Other subsidiary debt................................. 74 74
------- ------
Total Interactive Group debt........................ 6,856 6,841
------- ------
Capital Group
0.75% Senior Exchangeable Debentures due 2023......... 1,750 2,148
4% Senior Exchangeable Debentures due 2029............ 869 578
3.75% Senior Exchangeable Debentures due 2030......... 810 470
3.5% Senior Exchangeable Debentures due 2031.......... 503 504
3.25% Senior Exchangeable Debentures due 2031......... 551 471
Liberty bank facility................................. 750 750
Subsidiary debt....................................... 103 103
------- ------
Total Capital Group debt............................ 5,336 5,024
------- ------
Total debt.............................................. $12,192 11,865
======= ======
</Table>

(4) 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 six months ended June 30,
2007 and 2006 were $8 million and $7 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.

(5) 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.

(6) 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

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<Page>
NOTES TO ATTRIBUTED FINANCIAL INFORMATION (CONTINUED)

(UNAUDITED)

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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