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

SELECTED CONSOLIDATED FINANCIAL DATA

The following selected consolidated statements of operations data for the years ended December 31, 2015, 2016 and 2017 and selected consolidated balance sheet data as of December 31, 2015, 2016 and 2017 have been derived from our audited consolidated financial statements included elsewhere in this prospectus. The selected consolidated balance sheet data as of December 31, 2015 has been derived from our audited consolidated financial statements for the year ended December 31, 2015, which are not included in this prospectus. We have not included financial information for the years ended December 31, 2013 and 2014, as such information cannot be provided on a stand-alone and U.S. GAAP basis without unreasonable effort or expense. You should read this Selected Consolidated Financial Data section together with our consolidated financial statements and the related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere in this prospectus. Our consolidated financial statements are prepared and presented in accordance with U.S. GAAP. Our historical results are not necessarily indicative of results expected for future periods.

 

    For the Year Ended December 31,  
    2015     2016     2017     2017  
    RMB     RMB     RMB     US$  
    (in thousands, except for share and per share data)  

Selected Consolidated Statements of Operations Data:

       

Total revenues

    5,318,584       11,237,407       17,378,350       2,671,003  

Operating costs and expenses:

       

Cost of revenues(1)

    (6,041,764     (11,436,595     (17,386,563     (2,672,266

Selling, general and administrative(1)

    (1,204,464     (1,765,824     (2,674,990 )       (411,138

Research and development(1)

    (499,957     (824,482     (1,269,806     (195,166
 

 

 

   

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

    (7,746,185     (14,026,901     (21,331,359 )       (3,278,570
 

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

    (2,427,601     (2,789,494     ( 3,953,009     (607,567

Total other (expenses)/income, net

    (136,345     (271,440     208,512       32,047  
 

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income tax

    (2,563,946     (3,060,934     (3,744,497     (575,520

Income tax (expense)/benefit

    (11,166     (13,088     7,565       1,163  
 

 

 

   

 

 

   

 

 

   

 

 

 

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)/income attributable to ordinary shareholders

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

 

 

   

 

 

   

 

 

   

 

 

 

Net (loss)/earnings per share:

       

Basic

    (14.36     (23.20     0.30       0.05  

Diluted

    (14.36     (23.20     (1.15     (0.18

Shares used in net (loss)/earnings per share computation:

       

Basic

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

Diluted

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

Pro forma net loss per share attributable to Class A and Class B ordinary shareholders (unaudited)(2):

       

Basic

        (0.89)       (0.14)  

Diluted

        (0.89)       (0.14)  

Class A ordinary shares and Class B ordinary shares used in pro forma net loss per share computation (unaudited)(2):

       

Basic

        4,071,371,737       4,071,371,737  

Diluted

        4,071,371,737       4,071,371,737  

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
 

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive loss

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

 

 

   

 

 

   

 

 

   

 

 

 

 

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