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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)

 

24. ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in accumulated other comprehensive income by component, net of tax, were as follows:

 

     Foreign currency
translation
adjustment
     Unrealized gain on
available-for-sale
debt securities
     Total  
     RMB      RMB      RMB  

Balance at December 31, 2014

     10,075        —          10,075  

Net current-period other comprehensive income

     151,062        —          151,062  
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2015

     161,137        —          161,137  

Net current-period other comprehensive income

     195,255        2,978        198,233  
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2016

     356,392        2,978        359,370  

Other comprehensive (loss) income before reclassification

     (264,774      52,744        (212,030

Amounts reclassified from accumulated other comprehensive loss

     —          (54,214      (54,214
  

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive loss

     (264,774      (1,470      (266,244

Other comprehensive loss attributable to noncontrolling interests

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2017

     91,618        1,508        93,126  
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2017 in US$

     14,081        232        14,313  
  

 

 

    

 

 

    

 

 

 

The amounts reclassified out of accumulated other comprehensive income represent realized gains on the available-for-sale investments upon their maturity, which were then recorded in “Interest income” in the consolidated statements of comprehensive loss. The amounts reclassified were determined on the basis of specific identification.

 

25. SUBSEQUENT EVENTS

In January 2018, the Company and Baidu agreed to terminate the traffic acquisition service contract in exchange for Baidu paying a fee of US$27,000 to the Company. The excess of the fee received by the Company over the book value of the recorded favorable contract asset will be accounted for as a deemed contribution from the controlling shareholder.

In January 2018, the Company entered into a master business cooperation agreement with Baidu and a loan agreement whereby Baidu provided the Company with an interest-free loan of RMB650,000 (US$99,903) that will mature in January 2023.

 

F-70