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

iQIYI, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

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

except for number of shares (or ADS) and per share (or ADS) data)

 

The carrying amounts of the assets, liabilities and the results of operations of the VIEs and VIEs’ subsidiaries included in the Company’s consolidated balance sheets and statements of comprehensive loss are as follows:

 

     As of December 31,  
     2016      2017      2017  
     RMB      RMB      US$  

ASSETS

        

Current assets:

        

Cash and cash equivalents

     718,946        539,383        82,902  

Short-term investments

     201,925        407,169        62,581  

Accounts receivable, net

     1,704,246        2,161,893        332,277  

Others

     876,448        1,242,651        190,992  
  

 

 

    

 

 

    

 

 

 

Total current assets

     3,501,565        4,351,096        668,752  
  

 

 

    

 

 

    

 

 

 

Non-current assets:

        

Fixed assets, net

     283,908        821,156        126,209  

Long-term investments

     183,764        567,887        87,283  

Others

     4,070,375        6,333,338        973,416  
  

 

 

    

 

 

    

 

 

 

Total non-current assets

     4,538,047        7,722,381        1,186,908  
  

 

 

    

 

 

    

 

 

 

Total assets

     8,039,612        12,073,477        1,855,660  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Current liabilities:

        

Accounts payable

     3,053,168        4,275,803        657,179  

Customer advances and deferred revenue

     796,255        1,633,197        251,018  

Accrued expenses and other liabilities

     1,712,955        2,333,864        358,708  

Amounts due to the Company and its subsidiaries

     3,385,212        6,077,542        934,101  

Others

     1,325,157        77,673        11,938  
  

 

 

    

 

 

    

 

 

 

Total current liabilities

     10,272,747        14,398,079        2,212,944  

Total non-current liabilities

     5,705        286,854        44,089  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     10,278,452        14,684,933        2,257,033  
  

 

 

    

 

 

    

 

 

 

 

     For the year ended December 31,  
     2015      2016      2017      2017  
     RMB      RMB      RMB      US$  

Total revenues

     4,999,561        10,756,372        16,389,778        2,519,063  

Net loss

     (1,915,923      (2,026,863      (609,387      (93,661

Net cash provided by operating activities

     1,350,651        1,645,352        5,356,540        823,285  

Net cash used for investing activities

     (1,148,425      (2,389,511      (4,687,804      (720,502

Net cash provided by/(used in) financing activities

     —          1,001,766        (848,300      (130,381

The revenue-producing assets that are held by the VIEs and VIEs’ subsidiaries comprise mainly of operating licenses, intangible assets, licensed copyrights, produced content and fixed assets. The VIEs and VIEs’ subsidiaries contributed an aggregate of 94%, 96% and 94% of the Group’s consolidated revenues for the years

 

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