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


Table of Contents

BAIDU, INC.

NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

     As of December 31,
2016
     As of March 31,
2017
 
     RMB      RMB      US$  
     (In thousands)  
            (unaudited)  

Non-current

        

Fixed assets, net

     1,437,596        1,340,585        194,762  

Long-term investments, net

     4,615,850        4,620,562        671,281  

Others

     3,833,368        4,682,785        680,321  
  

 

 

    

 

 

    

 

 

 
     9,886,814        10,643,932        1,546,364  
  

 

 

    

 

 

    

 

 

 

Total

     26,733,277        26,979,250        3,919,580  
  

 

 

    

 

 

    

 

 

 

Third-party liabilities

        

Current

        

Accounts payable and accrued liabilities

     12,695,344        13,175,963        1,914,221  

Customer advances and deposits

     1,653,538        1,608,200        233,641  

Others

     6,565,707        5,750,953        835,506  
  

 

 

    

 

 

    

 

 

 
     20,914,589        20,535,116        2,983,368  

Non-current

     1,107,864        1,152,302        167,408  
  

 

 

    

 

 

    

 

 

 

Total

     22,022,453        21,687,418        3,150,776  
  

 

 

    

 

 

    

 

 

 

Inter-company liabilities *

        

Inter-company payable to subsidiaries for technology consulting and service fees

     2,096,020        2,331,867        338,777  

Others

     2,729,302        2,866,941        416,513  
  

 

 

    

 

 

    

 

 

 

Total

     4,825,322        5,198,808        755,290  
  

 

 

    

 

 

    

 

 

 

 

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

(In thousands)

(unaudited)

 
    

Total revenues

     4,517,197        6,409,453        931,173  

Net income (loss)

     (945,328      506,862        73,638  

Net cash provided by operating activities

     398,688        945,468        137,359  

Net cash used in investing activities

     (32,359      (1,150,297      (167,117

Net cash provided by financing activities

     71,760        (305,613      (44,400

 

  * Inter-company liabilities represent payable balances of each VIE due to its Primary Beneficiary. Amounts payable to other non-VIE subsidiaries within the Group were included in third-party liabilities.

As of March 31, 2017, there was no pledge or collateralization of the VIEs’ assets other than aforementioned equity pledge agreements. The amount of the net assets of the VIEs amounted to RMB93.02 million (US$13.51 million) as of March 31, 2017. The creditors of the VIEs’ third-party liabilities did not have recourse to the general credit of the Primary Beneficiaries in the normal course of business. The Company did not provide or intend to provide financial or other supports not previously contractually required to the VIEs during the periods presented.

 

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