Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.8
Consolidated Statements Of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue:      
Net retail sales $ 10,307,000,000 $ 10,018,000,000 $ 9,616,000,000
Total revenue 11,252,000,000 10,054,000,000 9,616,000,000
Service and other revenue 945,000,000 36,000,000 0
Cost of sales 6,602,000,000 6,396,000,000 6,114,000,000
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization 6,602,000,000 6,396,000,000 6,114,000,000
Operating costs and expenses:      
Operating 1,029,000,000 840,000,000 866,000,000
Selling, general and administrative, including stock-based compensation 1,525,000,000 1,009,000,000 862,000,000
Depreciation and amortization 943,000,000 609,000,000 641,000,000
Impairment of intangible assets 33,000,000 92,000,000 0
Total operating costs and expenses 10,132,000,000 8,946,000,000 8,483,000,000
Operating income (loss) 1,120,000,000 1,108,000,000 1,133,000,000
Other income (expense):      
Interest expense (373,000,000) (432,000,000) (427,000,000)
Share of earnings of affiliates, net 33,000,000 85,000,000 140,000,000
Realized and unrealized gains (losses) on financial instruments, net (22,000,000) (351,000,000) 84,000,000
Gains (losses) on dispositions, net (2,000,000) 1,531,000,000 0
Other, net (46,000,000) 44,000,000 9,000,000
Total other income (expense) (410,000,000) 877,000,000 (194,000,000)
Earnings from continuing operations before income taxes 710,000,000 1,985,000,000 939,000,000
Income tax expense (130,000,000) (394,000,000) (352,000,000)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 580,000,000 1,591,000,000 587,000,000
Earnings (loss) from discontinued operations, net of taxes 0 0 378,000,000
Net earnings (loss) 580,000,000 1,591,000,000 965,000,000
Less net earnings (losses) attributable to the noncontrolling interests 79,000,000 61,000,000 53,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders 501,000,000 1,530,000,000 912,000,000
Segment, Liberty Capital [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders     211,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share:     $ 0.12
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share:     $ 0.12
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share     2.60
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share     2.54
Segment, Liberty Starz [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders     177,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share     3.47
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share     3.34
Segment, Liberty Interactive [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders   294,000,000 524,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share:   $ 0.53 $ 0.88
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share:   $ 0.52 $ 0.87
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share   0.53 0.88
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share   0.52 0.87
Interactive Group [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders 438,000,000 212,000,000  
Ventures Group [Member]
      
Other income (expense):      
Net earnings (loss) attributable to Liberty Media Corporation shareholders 63,000,000 1,024,000,000  
Ventures Group [Member]
      
Revenue:      
Net retail sales 0 0 0
Total revenue 945,000,000 36,000,000 0
Service and other revenue 945,000,000 36,000,000 0
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization 0 0 0
Operating costs and expenses:      
Operating 153,000,000 7,000,000 0
Selling, general and administrative, including stock-based compensation 492,000,000 32,000,000 4,000,000
Depreciation and amortization 311,000,000 13,000,000 0
Impairment of intangible assets 0 0  
Total operating costs and expenses 956,000,000 52,000,000 4,000,000
Operating income (loss) (11,000,000) (16,000,000) (4,000,000)
Other income (expense):      
Interest expense 81,000,000 110,000,000 110,000,000
Share of earnings of affiliates, net (15,000,000) 57,000,000 117,000,000
Share of earnings (losses) of affiliates, net (10,000,000) (402,000,000)  
Realized and unrealized gains (losses) on financial instruments, net (10,000,000) (402,000,000) 9,000,000
Gains (losses) on dispositions, net (1,000,000) 1,531,000,000  
Other, net 7,000,000 44,000,000 (6,000,000)
Total other income (expense) (100,000,000) 1,120,000,000 10,000,000
Earnings from continuing operations before income taxes (111,000,000) 1,104,000,000 6,000,000
Income tax expense (208,000,000) 42,000,000 (1,000,000)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest   1,062,000,000 7,000,000
Earnings (loss) from discontinued operations, net of taxes   0 0
Net earnings (loss) 97,000,000 1,062,000,000 7,000,000
Less net earnings (losses) attributable to the noncontrolling interests 34,000,000 (2,000,000) 0
Net earnings (loss) attributable to Liberty Media Corporation shareholders 63,000,000 1,064,000,000 7,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share: $ 1.70 $ 31.03  
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share: $ 1.70 $ 31.03  
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share 1.70    
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share 1.70 31.03  
Interactive Group [Member]
      
Revenue:      
Net retail sales 10,307,000,000 10,018,000,000 9,616,000,000
Total revenue 10,307,000,000 10,018,000,000 9,616,000,000
Service and other revenue 0 0 0
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization 6,602,000,000 6,396,000,000 6,114,000,000
Operating costs and expenses:      
Operating 876,000,000 833,000,000 866,000,000
Selling, general and administrative, including stock-based compensation 1,033,000,000 977,000,000 858,000,000
Depreciation and amortization 632,000,000 596,000,000 641,000,000
Impairment of intangible assets 33,000,000 92,000,000  
Total operating costs and expenses 9,176,000,000 8,894,000,000 8,479,000,000
Operating income (loss) 1,131,000,000 1,124,000,000 1,137,000,000
Other income (expense):      
Interest expense 292,000,000 322,000,000 317,000,000
Share of earnings of affiliates, net 48,000,000 28,000,000 23,000,000
Share of earnings (losses) of affiliates, net (12,000,000) 51,000,000  
Realized and unrealized gains (losses) on financial instruments, net (12,000,000) 51,000,000 75,000,000
Gains (losses) on dispositions, net (1,000,000) 0  
Other, net (53,000,000) 0 15,000,000
Total other income (expense) (310,000,000) (243,000,000) (204,000,000)
Earnings from continuing operations before income taxes 821,000,000 881,000,000 933,000,000
Income tax expense 338,000,000 352,000,000 353,000,000
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest   529,000,000 580,000,000
Earnings (loss) from discontinued operations, net of taxes   0 378,000,000
Net earnings (loss) 483,000,000 529,000,000 958,000,000
Less net earnings (losses) attributable to the noncontrolling interests 45,000,000 63,000,000 53,000,000
Net earnings (loss) attributable to Liberty Media Corporation shareholders 438,000,000 466,000,000 905,000,000
Earnings (Loss) Per Common Share      
Basic net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share: $ 0.84 $ 0.39  
Diluted net earnings (loss) from continuing operations attributable to Liberty Media Corporation shareholders per common share: $ 0.83 $ 0.38  
Basic net earnings (loss) attributable to Liberty Interactive shareholders per common share 0.84    
Diluted net earnings (loss) attributable to Liberty Interactive shareholders per common share $ 0.83 $ 0.38