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Investments (Tables)
 12 Months Ended
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