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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Income (Loss) Before Income Taxes | The Company had minimal operations in jurisdictions other than the PRC. Income (loss) before income taxes consists of:
|  | For the years ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |  |  | 2014 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
PRC |  |  | 12,537,331 |  |  |  | 13,815,469 |  |  |  | 17,783,174 |  |  |  | 2,866,128 |
Non-PRC |  |  | (571,894 | ) |  |  | (1,630,453 | ) |  |  | (3,308,631 | ) |  |  | (533,254 | )
|  |  | 11,965,437 |  |  |  | 12,185,016 |  |  |  | 14,474,543 |  |  |  | 2,332,874 |
Components of Income Tax | Income taxes consist of:
|  | For the years ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |  |  | 2014 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Current income tax |  |  | 1,888,378 |  |  |  | 2,006,980 |  |  |  | 2,942,173 |  |  |  | 474,192 |
Income tax refund due to reduced tax rate |  |  | (255,189 | ) |  |  | (508,686 | ) |  |  | (17,553 | ) |  |  | (2,829 | )
Adjustments of deferred tax assets due to reduced tax rates |  |  | — |  |  |  | 21,573 |  |  |  | 28,146 |  |  |  | 4,536 |
Deferred income tax (benefit) expense |  |  | (59,030 | ) |  |  | 309,063 |  |  |  | (721,594 | ) |  |  | (116,300 | )
|  |  | 1,574,159 |  |  |  | 1,828,930 |  |  |  | 2,231,172 |  |  |  | 359,599 |
Reconciliation of Effective Income Tax Provision of Tax Computed By Applying Statutory Income Tax Rate to Pre-Tax Income | The reconciliation of the effective income tax provision to the amount of tax computed by applying the aforementioned statutory income tax rate to pre-tax income is as follows:
|  | For the years ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |  |  | 2014 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands, except for per share data) |
Expected taxation at PRC EIT statutory rate |  |  | 2,991,359 |  |  |  | 3,046,254 |  |  |  | 3,587,693 |  |  |  | 578,231 |
Effect of differing tax rates in different jurisdictions |  |  | 138,931 |  |  |  | 312,938 |  |  |  | 676,663 |  |  |  | 109,058 |
Permanent differences – non-taxable income |  |  | (58,157 | ) |  |  | (69,673 | ) |  |  | (12,504 | ) |  |  | (2,015 | )
Permanent differences – non-deductible expenses |  |  | 58,201 |  |  |  | 168,735 |  |  |  | 123,245 |  |  |  | 19,864 |
Tax incentives relating to research and development expenditures |  |  | (154,977 | ) |  |  | (318,652 | ) |  |  | (538,305 | ) |  |  | (86,759 | )
Effect of preferential tax rates inside the PRC |  |  | (1,489,331 | ) |  |  | (2,152,806 | ) |  |  | (1,897,184 | ) |  |  | (305,771 | )
Effect of tax rate changes on deferred taxes |  |  | — |  |  |  | 21,573 |  |  |  | 28,146 |  |  |  | 4,536 |
Over-accrued EIT for previous years |  |  | (15,084 | ) |  |  | (32,982 | ) |  |  | (153,121 | ) |  |  | (24,679 | )
Withholding tax on PRC subsidiaries’ undistributed earnings |  |  | — |  |  |  | 560,243 |  |  |  | — |  |  |  | — |
Addition to valuation allowance |  |  | 103,217 |  |  |  | 293,300 |  |  |  | 416,539 |  |  |  | 67,134 |
Taxation for the year |  |  | 1,574,159 |  |  |  | 1,828,930 |  |  |  | 2,231,172 |  |  |  | 359,599 |
Effective tax rate |  |  | 13.16 | % |  |  | 15.01 | % |  |  | 15.41 | % |  |  | 15.41 | %
Effect of preferential tax rates inside the PRC on basic earnings per Class A and Class B ordinary share |  |  | 42.63 |  |  |  | 61.53 |  |  |  | 53.61 |  |  |  | 8.64 |
Tax Effects of Temporary Differences that Give Rise to Deferred Tax Balances | The tax effects of temporary differences that give rise to the deferred tax balances at December 31, 2013 and 2014 are as follows:
|  | As of December 31, |
|  | 2013 |  |  | 2014 |  |  | 2014 |
|  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Deferred tax assets, current: |  |  |  |  |  |  |  |  |  |  |  |
Provision for doubtful receivables |  |  | 10,670 |  |  |  | 23,179 |  |  |  | 3,736 |
Net operating loss carry-forward |  |  | — |  |  |  | 24,666 |  |  |  | 3,975 |
Accrued expenses, payroll and others |  |  | 316,092 |  |  |  | 777,478 |  |  |  | 125,307 |
Less: valuation allowance |  |  | (39,918 | ) |  |  | (140,371 | ) |  |  | (22,624 | )
Current deferred tax assets, net |  |  | 286,844 |  |  |  | 684,952 |  |  |  | 110,394 |
Deferred tax assets, non-current: |  |  |  |  |  |  |  |  |  |  |  |
Fixed assets depreciation |  |  | 28,755 |  |  |  | 38,157 |  |  |  | 6,150 |
Net operating loss carry-forward |  |  | 580,963 |  |  |  | 905,790 |  |  |  | 145,987 |
Advertising expenses and others |  |  | 163,591 |  |  |  | 306,635 |  |  |  | 49,420 |
Less: valuation allowance |  |  | (675,369 | ) |  |  | (991,455 | ) |  |  | (159,793 | )
Non-current deferred tax assets, net |  |  | 97,940 |  |  |  | 259,127 |  |  |  | 41,764 |
|  | As of December 31, |
|  | 2013 |  |  | 2014 |  |  | 2014 |
|  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Long-lived assets arising from acquisitions |  |  | 619,550 |  |  |  | 549,485 |  |  |  | 88,561 |
Withholding tax on PRC subsidiaries’ undistributed earnings |  |  | 580,720 |  |  |  | 594,336 |  |  |  | 95,789 |
Deferred tax liabilities |  |  | 1,200,270 |  |  |  | 1,143,821 |  |  |  | 184,350 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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