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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)

 

Condensed Statements of Comprehensive Loss

 

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

Operating costs and expenses:

        

Selling, general and administrative

     (12,379     (4,364     (6,058     (931
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

        

Share of losses of subsidiaries, VIEs and VIEs’ subsidiaries

     (2,552,979     (2,991,812     (3,963,264     (609,143

Interest income

     4,721       23,759       101,851       15,654  

Interest expenses

     (92     (13     (116,989     (17,981

Foreign exchange (loss)/gain, net

     (14,383     (102,066     247,528       38,044  

Other income, net

     —         474       —         —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

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

 

 

   

 

 

   

 

 

   

 

 

 

Accretion of redeemable convertible preferred shares

     (2,342,385     (4,874,739     5,073,140       779,727  

Extinguishment and reissuance of Series B preferred shares

     —         —         (363,279     (55,835
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to ordinary shareholders

     (4,917,497     (7,948,761     972,929       149,535  
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income

        

Foreign currency translation adjustments

     151,062       195,255       (264,774     (40,695

Unrealized gains/(losses) on available-for-sale debt securities

     —         2,978       (1,470     (226
  

 

 

   

 

 

   

 

 

   

 

 

 

Total other comprehensive income/(loss), net of tax

     151,062       198,233       (266,244     (40,921
  

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive loss

     (2,424,050     (2,875,789     (4,003,176     (615,278
  

 

 

   

 

 

   

 

 

   

 

 

 

Condensed Statements of Cash Flows

 

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

Net cash (used in)/provided by operating activities

     (54,273     15,882       55,245       8,491  

Net cash provided by/(used for) investing activities

     1,006,149       (859,698     (10,468,969     (1,609,051

Net cash provided by financing activities

     —         —         10,528,236       1,618,160  

Effect of exchange rate changes on cash and cash equivalents

     471       2,324       (217,839     (33,481
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase/(decrease) in cash and cash equivalents

     952,347       (841,492     (103,327     (15,881

Cash and cash equivalents at the beginning of the year

     88,362       1,040,709       199,217       30,619  

Cash and cash equivalents at the end of the year

     1,040,709       199,217       95,890       14,738  
  

 

 

   

 

 

   

 

 

   

 

 

 

Basis of presentation

For the presentation of the parent company only condensed financial information, the Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323,

 

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