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Investments (Tables) | 12 Months Ended
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Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Equity Method Investments | The carrying amount of the Ctrip investment in excess of the Company’s proportionate interest in Ctrip is recognized as equity method goodwill, intangible assets and related deferred income tax expenses.
|  | RMB |  |  | US$ |
|  | (In thousands) |
Carrying value of investment in Ctrip |  |  | 26,662,337 |  |  |  | 4,115,956 |
Proportionate share of net assets of Ctrip |  |  | (8,550,531 | ) |  |  | (1,319,975 | )
Excess of carrying value of investment over proportionate share of net assets |  |  | 18,111,806 |  |  |  | 2,795,981 |
The excess carrying value has been primarily assigned to: |  |  |  |  |  |  |  |
Goodwill |  |  | 15,563,126 |  |  |  | 2,402,533 |
Intangible assets |  |  | 2,845,081 |  |  |  | 439,205 |
Deferred income taxes |  |  | (283,187 | ) |  |  | (43,716 | )
Property, plant and equipment |  |  | 52,323 |  |  |  | 8,077 |
Land use rights |  |  | 13,487 |  |  |  | 2,082 |
Equity investments |  |  | (79,024 | ) |  |  | (12,200 | )
Total |  |  | 18,111,806 |  |  |  | 2,795,981 |
The following tables set forth the summarized financial information of Ctrip:
|  | As of September 30,* |
|  | 2014 |  |  | 2015 |  |  | 2015 |
|  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Current assets |  |  | 16,194,113 |  |  |  | 25,750,458 |  |  |  | 3,975,186 |
Non-current assets |  |  | 12,073,373 |  |  |  | 23,500,517 |  |  |  | 3,627,855 |
Current liabilities |  |  | 10,253,664 |  |  |  | 18,873,779 |  |  |  | 2,913,609 |
Non-current liabilities |  |  | 8,051,191 |  |  |  | 17,492,002 |  |  |  | 2,700,300 |
Noncontrolling interests |  |  | 536,042 |  |  |  | 1,063,306 |  |  |  | 164,146 |
|  | For the six months ended September 30,* |  |  | For the twelve months ended September 30,* |
|  | 2013 |  |  | 2014 |  |  | 2015 |  |  | 2015 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Total revenues |  |  | 2,960,637 |  |  |  | 7,280,123 |  |  |  | 10,484,967 |  |  |  | 1,618,600 |
Gross profit |  |  | 2,097,599 |  |  |  | 4,962,670 |  |  |  | 7,072,995 |  |  |  | 1,091,882 |
Income (loss) from operations |  |  | 495,482 |  |  |  | 433,052 |  |  |  | (115,056 | ) |  |  | (17,762 | )
Net income |  |  | 540,651 |  |  |  | 625,520 |  |  |  | 2,052,526 |  |  |  | 316,855 |
Net income attributable to the investees |  |  | 583,369 |  |  |  | 728,644 |  |  |  | 2,207,503 |  |  |  | 340,780 |
* | The Company adopted an one-quarter lag in reporting its share of equity income in Ctrip
Retrospective Effects of Applying Equity Method of Accounting to Consolidated Statements of Balance Sheets and Consolidated Statements of Comprehensive Income | The retrospective effects of applying the equity method of accounting to the consolidated statements of balance sheets and the consolidated statements of comprehensive income are as follows:
|  | As of December 31, 2014 |
|  | As originally reported |  |  | As adjusted for retrospective application |
|  | RMB |  |  | RMB |
|  | (In thousands) |
Short-term investments |  |  | 43,818,037 |  |  |  | 42,698,831 |
Long-term investments, net |  |  | 2,878,922 |  |  |  | 3,544,923 |
Additional paid-in capital |  |  | 3,633,919 |  |  |  | 3,650,601 |
Retained earnings |  |  | 47,659,772 |  |  |  | 47,701,326 |
Accumulated other comprehensive income (loss) |  |  | 231,923 |  |  |  | (279,518 | )
|  | For the year ended December 31, 2013 |  |  | For the year ended December 31, 2014 |
|  | As originally reported |  |  | As adjusted for retrospective application |  |  | As originally reported |  |  | As adjusted for retrospective application |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
|  | (In thousands) |
Income (loss) from equity method investments |  |  | (5,806 | ) |  |  | 22,578 |  |  |  | (26,952 | ) |  |  | (19,943 | )
Other, net |  |  | 186,023 |  |  |  | 189,330 |  |  |  | 257,704 |  |  |  | 260,558 |
Net income |  |  | 10,356,086 |  |  |  | 10,387,777 |  |  |  | 12,243,371 |  |  |  | 12,253,234 |
Investments Classified as Held-to-Maturity Securities and Available-for-Sale Securities | The short-term held-to-maturity debt investments as well as the short-term available-for-sale investments will mature within one year; whereas the long-term held-to-maturity debt investments as well as the long-term available-for-sale debt investments will mature after one year through five years.
|  | As of December 31, 2014 |
|  | Cost or amortized cost |  |  | Gross unrecognized holding gains |  |  | Gross unrecognized holding losses |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
| RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
|  | (In thousands) |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate investments |  |  | 38,159,394 |  |  |  | 104,718 |  |  |  | (15,389 | ) |  |  |  |  |  |  |  |  |  |  | 38,248,723 |
Adjustable-rate investments |  |  | 60,290 |  |  |  | — |  |  |  | (771 | ) |  |  |  |  |  |  |  |  |  |  | 59,519 |
Available-for-sale investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate debt investments |  |  | 2,854,682 |  |  |  |  |  |  |  |  |  |  |  | 10,414 |  |  |  |  |  |  |  | 2,865,096 |
Adjustable-rate debt investments |  |  | 1,568,812 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (269 | ) |  |  | 1,568,543 |
Equity investments |  |  | 42,137 |  |  |  |  |  |  |  |  |  |  |  | 3,371 |  |  |  |  |  |  |  | 45,508 |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate investments |  |  | 545,930 |  |  |  | — |  |  |  | (14,612 | ) |  |  |  |  |  |  |  |  |  |  | 531,318 |
Available-for-sale investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt investment |  |  | 272,680 |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | 272,680 |
Equity investment |  |  | 124,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,079 | ) |  |  | 115,921 |
|  | As of December 31, 2015 |
|  | Cost or amortized cost |  |  | Gross unrecognized holding gains |  |  | Gross unrecognized holding losses |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |  |  | Fair value |
| RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate investments |  |  | 36,942,840 |  |  |  | 197,848 |  |  |  | (6,592 | ) |  |  |  |  |  |  |  |  |  |  | 37,134,096 |  |  |  | 5,732,517 |
Available-for-sale investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate debt investments |  |  | 6,872,077 |  |  |  |  |  |  |  |  |  |  |  | 86,322 |  |  |  |  |  |  |  | 6,958,399 |  |  |  | 1,074,192 |
Adjustable-rate debt investments |  |  | 13,137,500 |  |  |  |  |  |  |  |  |  |  |  | 187,885 |  |  |  |  |  |  |  | 13,325,385 |  |  |  | 2,057,085 |
Equity investment |  |  | 600,543 |  |  |  |  |  |  |  |  |  |  |  | 142,075 |  |  |  |  |  |  |  | 742,618 |  |  |  | 114,640 |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held-to-maturity investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate investments |  |  | 1,838,953 |  |  |  |  |  |  |  | (32,507 | ) |  |  |  |  |  |  |  |  |  |  | 1,806,446 |  |  |  | 278,867 |
Available-for-sale investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity investments |  |  | 322,269 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (45,304 | ) |  |  | 276,965 |  |  |  | 42,756 |

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