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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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,
		2013				2014				2015				2015
		RMB				RMB				RMB				US$
		(In thousands)
PRC			13,815,469				17,783,174				16,877,599				2,605,452
Non-PRC			(1,598,762	)			(3,298,768	)			21,029,024				3,246,322
			12,216,707				14,484,406				37,906,623				5,851,774

Components of Income Tax

Income taxes consist of:

		For the years ended December 31,
		2013				2014				2015				2015
		RMB				RMB				RMB				US$
		(In thousands)
Current income tax			2,006,980				2,942,173				3,213,638				496,100
Income tax refund due to reduced tax rate			(508,686	)			(17,553	)			—				—
Adjustments of deferred tax assets due to reduced tax rates			21,573				28,146				79,947				12,342
Deferred income tax (benefit) expense			309,063				(721,594	)			2,180,792				336,656
			1,828,930				2,231,172				5,474,377				845,098

Reconciliation of Effective Income Tax Provision of Tax Computed By Applying Statutory Income Tax Rate to Pre-Tax Income

The reconciliation of the actual income taxes 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,
		2013				2014				2015				2015
		RMB				RMB				RMB				US$
		(In thousands, except for per share data)
Expected taxation at PRC statutory tax rate			3,046,254				3,587,693				9,476,656				1,462,944
Effect of differing tax rates in different jurisdictions			312,938				676,663				(5,253,700	)			(811,032	)
Non-taxable income			(69,673	)			(12,504	)			(65,411	)			(10,098	)
Non-deductible expenses			168,735				123,245				165,264				25,512
Research and development super-deduction			(318,652	)			(538,305	)			(767,858	)			(118,537	)
Effect of PRC preferential tax rates and tax holiday			(2,152,806	)			(1,897,184	)			(1,547,392	)			(238,876	)
Effect of tax rate changes on deferred taxes			21,573				28,146				79,947				12,342
Over-accrued EIT for previous years			(32,982	)			(153,121	)			(248,673	)			(38,388	)
PRC withholding tax			560,243				—				2,470,733				381,415
Addition to valuation allowance			293,300				416,539				1,164,811				179,816
Taxation for the year			1,828,930				2,231,172				5,474,377				845,098
Effective tax rate			15.01%				15.41%				14.44%				14.44%
Effect of preferential tax rates inside the PRC on basic earnings per Class A and Class B ordinary share			61.53				53.61				44.31				6.84

Tax Effects of Temporary Differences that Gave Rise to Deferred Tax Balances

The tax effects of temporary differences that gave rise to the deferred tax balances at December 31, 2014 and 2015 are as follows:

		As of December 31,
		2014				2015				2015
		RMB				RMB				US$
		(In thousands)
Deferred tax assets:
Provision for doubtful receivables			23,179				120,612				18,619
Accrued expenses, payroll and others			1,084,113				1,745,810				269,506
Fixed assets depreciation			38,157				19,659				3,035
Net operating loss carry-forward			930,456				1,320,496				203,850
Less: valuation allowance			(1,131,826	)			(2,198,403	)			(339,375	)
Deferred tax assets, net			944,079				1,008,174				155,635

		As of December 31,
		2014				2015				2015
		RMB				RMB				US$
		(In thousands)
Long-lived assets arising from acquisitions			549,485				359,531				55,502
Withholding tax on PRC subsidiaries’ undistributed earnings			594,336				592,719				91,500
Withholding tax on capital gains derived from PRC			—				2,489,040				384,243
Deferred tax liabilities			1,143,821				3,441,290				531,245

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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

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-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

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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

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-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

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
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