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


Table of Contents

BAIDU, INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands of Renminbi (“RMB”), and in thousands of U.S. Dollars (“US$”))

 

     For the three months ended  
     March 31,
2016
    March 31,
2017
    March 31,
2017
 
     RMB     RMB     US$  
     Unaudited     Unaudited     Unaudited  

Cash flows from operating activities:

      

Net income

     1,978,579       1,770,314       257,194  

Adjustments to reconcile net income to net cash generated from operating activities:

      

Depreciation of fixed assets and computer parts

     795,589       922,056       133,957  

Gain on disposal of fixed assets

     (31,551     (11,948     (1,736

Amortization of intangible assets and licensed copyrights

     1,005,444       1,747,116       253,823  

Deferred income tax, net

     (292,604     (330,761     (48,053

Share-based compensation

     309,062       630,811       91,645  

Provision for doubtful accounts

     31,497       64,159       9,321  

Investment income

     (675,013     (847,484     (123,123

Assets impairment

     4,673       122,988       17,868  

Loss from equity method investments

     117,092       76,128       11,060  

Other non-cash expenses

     7,771       131,542       19,111  

Changes in operating assets and liabilities, net of effects of acquisitions and disposals:

      

Restricted cash

     (133,890     202,916       29,480  

Accounts receivable

     364,917       592,965       86,147  

Other assets

     (273,375     (25,151     (3,654

Amounts due from related parties

     1,874,433       27,663       4,019  

Customer advances and deposits

     (271,822     (385,686     (56,033

Accounts payable and accrued liabilities

     504,034       54,221       7,877  

Deferred revenue

     265,311       28,160       4,091  

Deferred income

     (2,534     292       42  

Amounts due to related parties

     (646,520     (66,695     (9,690
  

 

 

   

 

 

   

 

 

 

Net cash generated from operating activities

     4,931,093       4,703,606       683,346  
  

 

 

   

 

 

   

 

 

 

Cash flows from investing activities:

      

Acquisition of fixed assets

     (825,565     (1,167,598     (169,630

Acquisition of computer parts

     (3,018     (2,562     (372

Proceeds from disposal of fixed assets

     27,513       27,999       4,068  

Acquisition of business, net of cash acquired

     —         (471,169     (68,452

Acquisition of intangible assets

     (840,125     (2,996,738     (435,370

Purchases of held-to-maturity investments

     (6,885,000     (13,900,000     (2,019,410

Sales and maturities of held-to-maturity investments

     9,689,163       8,913,371       1,294,946  

Purchases of available-for-sale investments

     (39,942,063     (53,360,372     (7,752,262

Sales and maturities of available-for-sale investments

     36,904,411       54,090,136       7,858,283  

Purchases of trading investments

     —         (11,407,884     (1,657,352

Sales and maturities of trading investments

     —         3,286,329       477,442  

Purchases of other long-term investments

     (614,602     (642,886     (93,399

Sales of other long-term investments

     12,998       —         —    

Disposal of subsidiaries and business

     —         200,000       29,056  

Micro loan origination and disbursement

     (378,670     (7,731,160     (1,123,193

Principal payments received on micro loans

     189,809       3,677,347       534,250  

Net cash used in investing activities

     (2,665,149     (21,485,187     (3,121,395
  

 

 

   

 

 

   

 

 

 

 

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