424B2
BAIDU, INC. filed this Form 424B2 on 06/29/2017
Entire Document
 


Table of Contents

CAPITALIZATION

The following table sets forth our consolidated total capitalization as of March 31, 2017 on an actual basis and on an as adjusted basis to give effect to the issuance of Notes in this offering as if the Notes were issued on that day. This table should be read in conjunction with, and is qualified in its entirety by reference to, our consolidated financial statements and the notes thereto included in this prospectus supplement.

 

     As of March 31, 2017  
     Actual      As Adjusted  
     RMB      US$      RMB      US$  
     (in thousands, unaudited)  

Short-term loans(1)

     1,055,679        153,370        1,055,679        153,370  

Long-term loans(2)

     10,229,813        1,486,200        10,229,813        1,486,200  

Long-term notes payable(3)

     32,642,077        4,742,282        32,642,077        4,742,282  

Convertible notes payable(4)

     8,484,786        1,232,680        8,484,786        1,232,680  

Notes offered hereby

     —          —          10,324,800        1,500,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total debt

     52,412,355        7,614,532        62,737,155        9,114,532  

Total shareholders’ equity(5)

     94,084,880        13,668,771        94,084,880        13,668,771  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total capitalization(6)

     146,497,235        21,283,303        156,822,035        22,783,303  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Represents loans provided by banks with original maturities of less than one year.
(2) Represents loans provided by banks with original maturities of greater than one year, including current and non-current portions.
(3) Represents our 2.250% Notes due 2017, 3.500% Notes due 2022, 3.250% Notes due 2018, 2.750% Notes due 2019, 3.000% Notes due 2020 and 4.125% Notes due 2025, including current and non-current portions.
(4) Represents convertible notes issued by iQiyi due 2018.
(5) Total shareholders’ equity includes shareholders’ equity pertaining to our shareholders plus shareholders’ equity pertaining to the non-controlling interests in our subsidiaries.
(6) Total capitalization is the sum of total debt and total shareholders’ equity. After the completion of this offering, we may incur additional debt in the regular course of our business which may materially affect our total indebtedness as provided in this table.

As of March 31, 2017, on a consolidated basis, all of our debt outstanding was unsecured. In addition, at March 31, 2017, we did not have any off-balance sheet guarantees.

 

S-26