424B5
BAIDU, INC. filed this Form 424B5 on 06/26/2017
Entire Document
 


Table of Contents
     As of December 31,     As of March 31,  
     2012      2013      2014      2015      2016     2017  
     RMB      RMB      RMB      RMB      RMB     US$     RMB      US$  
     (In thousands)  
           (unaudited)      (unaudited)  

Consolidated Balance Sheets Data:

 

                  

Cash and cash equivalents

     11,880,632        9,691,797        13,852,725        9,959,932        10,898,463       1,569,705       14,565,758        2,116,131  

Restricted cash

     395,029        259,533        413,010        95,997        317,521       45,733       114,605        16,650  

Short-term investments

     20,604,223        27,481,642        42,698,831        57,969,242        71,195,629 (1)      10,254,304 (1)      76,112,428        11,057,710  

Total assets

     45,668,890        70,357,365        99,118,062        147,853,308        181,997,391       26,213,076       205,137,754        29,802,672  

Short-term loans

     —          —          93,000        100,000        1,115,000       160,593       1,055,679        153,370  

Long-term loans, current portion

     2,170,978        343,625        2,167,405        974,820        3,468,296       499,539       3,446,583        500,724  

Long-term loans

     356,589        2,112,359        1,860,000        3,239,676        6,822,109       982,588       6,783,230        985,476  

Capital lease obligations, current

     32,502        44,907        57,346        46,088        8,416       1,212       637        93  

Capital lease obligations, non-current

     44,479        40,999        50,079        8,435        348       50       348        51  

Notes payable, current portion

     —          —          —          —          5,203,315       749,433       5,169,828        751,079  

Notes payable

     9,336,686        15,116,990        21,556,782        30,702,116        27,648,477       3,982,209       27,472,249        3,991,203  

Convertible notes payable

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

Total liabilities

     18,453,765        30,320,538        45,065,679        63,637,592        84,254,996       12,135,243       105,435,314        15,317,775  

Total Baidu, Inc. shareholders’ equity

     26,055,229        37,796,492        51,072,424        80,255,663        92,273,542       13,290,154       94,114,388        13,673,058  

 

(1) The amount of short-term investments as of December 31, 2016 was revised to RMB71,195,629 (US$10,254,304) due to reclassification in the three months ended March 31, 2017.

 

    For the Years Ended December 31,     For the Three Months Ended
March 31,
 
    2012     2013     2014     2015     2016     2016     2017  
    RMB     RMB     RMB     RMB     RMB     US$     RMB     RMB     US$  
    (in thousands)  
                                        (unaudited)     (unaudited)     (unaudited)  

Consolidated Cash Flow Data:

 

               

Net cash generated from operating activities

    11,995,994       13,792,971       17,937,175       19,771,122       22,258,297       3,205,861       4,931,093       4,703,606       683,346  

Net cash used in investing activities

    (13,749,080     (23,062,940     (22,467,774     (31,621,128     (35,910,759     (5,172,225     (2,665,149     (21,485,187     (3,121,395

Net cash generated from financing activities

    9,517,865       7,281,682       8,611,960       7,778,032       14,446,680       2,080,755       402,828       20,475,915       2,974,766  

Net increase (decrease) in cash and cash equivalents

    7,753,150       (2,188,835     4,160,928       (3,892,793     938,531       135,176       2,633,312       3,667,295       532,789  

Non-GAAP Measure:

 

               

Adjusted EBITDA(2)

    12,697,605       13,818,547       16,755,048       16,660,034       15,792,040       2,274,527       3,457,263       3,626,349       526,840  

 

S-17