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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)

 

7. LICENSED COPYRIGHTS, NET

 

     As of December 31, 2016  
     Gross carrying value      Accumulated amortization      Net carrying value  
     RMB      RMB      RMB  

Licensed copyrights

        

—Broadcasting rights

     7,771,286        (4,877,319      2,893,967  

—Sublicensing rights

     677,371        (628,170      49,201  
  

 

 

    

 

 

    

 

 

 
     8,448,657        (5,505,489      2,943,168  
  

 

 

    

 

 

    

 

 

 

Less: current portion:

        

—Broadcasting rights

     2,981,330        (2,534,088      447,242  

—Sublicensing rights

     677,371        (628,170      49,201  
  

 

 

    

 

 

    

 

 

 
     3,658,701        (3,162,258      496,443  
  

 

 

    

 

 

    

 

 

 

Licensed copyrights—non current

        

—Broadcasting rights

     4,789,956        (2,343,231      2,446,725  

—Sublicensing rights

     —          —          —    
  

 

 

    

 

 

    

 

 

 
     4,789,956        (2,343,231      2,446,725  
  

 

 

    

 

 

    

 

 

 

 

     As of December 31, 2017  
     Gross carrying value      Accumulated amortization      Net carrying value  
     RMB      RMB      RMB      US$  

Licensed copyrights

           

—Broadcasting rights

     14,570,030        (9,211,779      5,358,251        823,549  

—Sublicensing rights

     1,599,154        (1,580,455      18,699        2,874  
  

 

 

    

 

 

    

 

 

    

 

 

 
     16,169,184        (10,792,234      5,376,950        826,423  
  

 

 

    

 

 

    

 

 

    

 

 

 

Less: current portion:

           

—Broadcasting rights

     5,185,503        (4,385,335      800,168        122,984  

—Sublicensing rights

     1,599,154        (1,580,455      18,699        2,874  
  

 

 

    

 

 

    

 

 

    

 

 

 
     6,784,657        (5,965,790      818,867        125,858  
  

 

 

    

 

 

    

 

 

    

 

 

 

Licensed copyrights—non current

        

—Broadcasting rights

     9,384,527        (4,826,444      4,558,083        700,565  

—Sublicensing rights

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 
     9,384,527        (4,826,444      4,558,083        700,565  
  

 

 

    

 

 

    

 

 

    

 

 

 

The licensed copyrights have weighted-average useful lives of 2.2 years, 3.5 years and 2.5 years for the years ended December 31, 2015, 2016 and 2017, respectively. The Group recognized impairment charges on licensed copyrights of nil, RMB212,219 and RMB390,235 (US$59,978) for the years ended December 31, 2015, 2016 and 2017, respectively.

 

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