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

Long-term loans(2)

     10,229,813        1,486,200        

Long-term notes payable(3)

     32,642,077        4,742,282        

Convertible notes payable(4)

     8,484,786        1,232,680        

Notes offered hereby

     —          —          













Total debt

     52,412,355        7,614,532        

Total shareholders’ equity(5)

     94,084,880        13,668,771        













Total capitalization(6)

     146,497,235        21,283,303        














(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.