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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)

 

Diluted loss per share for each of the years presented are calculated as follows:

 

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

Diluted net loss per share calculation: Numerator:

       

Numerator for computing basic net (loss)/earnings per share

    (4,917,497     (7,948,761     102,763       15,793  

Add: Extinguishment and reissuance of Series B preferred shares

    —       —       363,279       55,835  

Deduct: Accretion of redeemable convertible preferred shares

    —       —       (5,073,140     (779,727

Add: Allocation of net income attributable to preferred shareholders

    —       —       870,166       133,742  
 

 

 

   

 

 

   

 

 

   

 

 

 

Numerator for computing diluted net loss per share

    (4,917,497     (7,948,761     (3,736,932     (574,357
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

Weighted average number of ordinary shares outstanding

    342,548,237       342,548,237       342,548,237       342,548,237  

Conversion of redeemable convertible preferred shares to ordinary shares

    —       —       2,900,599,024       2,900,599,024  
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of shares used in calculating diluted net loss per share

    342,548,237       342,548,237       3,243,147,261       3,243,147,261  
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net loss per share

    (14.36     (23.20     (1.15     (0.18
 

 

 

   

 

 

   

 

 

   

 

 

 

The unaudited pro forma loss per ordinary share is computed using the weighted-average number of ordinary shares outstanding and assumes the automatic conversion of all of the Company’s redeemable convertible preferred shares into 3,728,823,500 ordinary shares upon the closing of an IPO and all outstanding ordinary shares are re-designated into 1,231,841,032 Class A ordinary shares and 2,839,530,705 Class B ordinary shares, respectively, as if it had occurred on January 1, 2017. The Company believes the unaudited pro forma loss per share provides material information to investors, as the automatic conversion of the redeemable convertible preferred shares and the disclosure of pro forma loss per share provides an indication of loss per share that is comparable to what will be reported by the Company as a public company following the closing of an IPO.

 

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