v2.4.0.6
Equity-Method Investments (Tables)
 3 Months Ended
Mar. 31, 2013
Equity Method Investments Summarized Financial Information

LivingSocial’s summarized condensed financial information, as provided to us by LivingSocial, is as follows (in millions):

 

     Three Months
Ended March 31,		  
     2013     2012  

Statement of Operations:

     

Revenue

    $ 135      $ 110   

Operating expense

      179        201   
  

 

 

    

 

 

  

Operating loss

      (44 )      (91 ) 

Net income (loss) (1)

    $ (50 )    $ 156   

 

(1) The difference between the operating loss and net income for the three months ended March 31, 2012 is primarily due to non-operating, non-cash gains on previously held equity positions in companies that LivingSocial acquired during Q1 2012.