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424B4
IQIYI, INC. filed this Form 424B4 on 03/29/2018
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Table of Contents

iQIYI, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2015, 2016 AND 2017

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”))

 

            Year ended December 31,  
     Note      2015     2016     2017     2017  
            RMB     RMB     RMB     US$  

Cash flows from operating activities:

           

Net loss

        (2,575,112     (3,074,022     (3,736,932     (574,357

Adjustments to reconcile net loss to net cash provided by operating activities

           

Depreciation of fixed assets

        222,195       306,495       348,921       53,628  

Amortization of intangible assets

        172,788       102,242       112,860       17,346  

Amortization of licensed copyrights

        2,293,735       4,036,121       7,491,955       1,151,492  

Amortization and impairment of produced content

        231,597       574,530       811,448       124,717  

Impairment of licensed copyrights

        —         212,219       390,235       59,978  

Impairment of long-term investments

        —         —         32,938       5,062  

Provision/(reversal) for other assets

        3,890       29,016       (2,532     (389

Unrealized foreign exchange loss/(gain)

        79,112       180,574       (333,601     (51,274

(Gain)/loss on disposal of fixed assets

        (1,808     1,166       4,594       706  

Loss on disposal of intangible assets

        4,641       —         —         —    

Interest expense on convertible notes

        —         —         112,457       17,284  

Barter transaction revenue

        (349,834     (382,478     (762,741     (117,231

Provision for doubtful accounts

        19,415       7,245       56,048       8,614  

Share-based compensation

        44,194       62,392       233,424       35,876  

Losses on equity method investments

        762       100       263       40  

Deferred income tax expense/(benefit)

        5,201       478       (12,214     (1,877

Changes in operating assets and liabilities

           

Accounts receivable

        (295,007     (322,756     (512,060     (78,702

Amounts due from related parties

        (9,015     (57,941     56,720       8,718  

Restricted cash

        9,983       —         —         —    

Produced content

        (337,945     (872,425     (1,962,221     (301,588

Prepayments and other assets

        (350,080     (173,417     (549,301     (84,426

Accounts payable

        1,040,691       1,076,988       1,050,178       161,409  

Amounts due to related parties

        19,097       19,138       (184,882     (28,416

Customer advances and deferred revenue

        219,483       456,823       836,946       128,636  

Accrued expenses and other current liabilities

        584,627       389,004       646,814       99,413  

Interest payables

        43,698       42,943       (123,618     (19,000

Other non-current liabilities

        (5,538     (2,314     6,085       935  
     

 

 

   

 

 

   

 

 

   

 

 

 

Net cash provided by operating activities

        1,070,770       2,612,121       4,011,784       616,594  
     

 

 

   

 

 

   

 

 

   

 

 

 

Cash flows from investing activities:

           

Acquisition of fixed assets

        (295,448     (399,885     (1,022,315     (157,127

Acquisition of intangible assets

        (30,609     (42,120     (110,290     (16,951

Acquisition of licensed copyrights

        (2,586,086     (5,290,838     (9,087,438     (1,396,714

Purchase of long-term investments

        (204     (163,990     (553,003     (84,995

Film investment as passive investor

        (61,028     (31,751     (11,075     (1,702

Proceeds from film investments as passive investor

        —         5,484       31,093       4,779  

 

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