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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes

Income (loss) before income taxes consists of:

		For the years ended December 31,
		2015				2016				2017				2017
		RMB				RMB				RMB				US$
		(In millions)
PRC			16,878				18,194				22,088				3,394
Non-PRC			21,029				(3,685	)			(805	)			(124	)
			37,907				14,509				21,283				3,270

Components of Income Tax

Income taxes consist of:

		For the years ended December 31,
		2015				2016				2017				2017
		RMB				RMB				RMB				US$
		(In millions)
Current income tax			3,214				3,462				4,224				649
Income tax refund due to reduced tax rate			—				(535	)			(473	)			(73	)
Adjustments of deferred tax assets due to change in tax rates			80				(13	)			7				1
Deferred income tax (benefit) expense			2,181				(1	)			(763	)			(117	)
			5,475				2,913				2,995				460

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,
		2015				2016				2017				2017
		RMB				RMB				RMB				US$
		(In millions, except for per share data)
Expected taxation at PRC statutory tax rate			9,477				3,627				5,321				818
Effect of differing tax rates in different jurisdictions			(5,254	)			736				854				131
Non-taxable income			(65	)			(73	)			(913	)			(140	)
Non-deductible expenses			165				115				653				99
Research and development super-deduction			(768	)			(726	)			(905	)			(139	)
Effect of PRC preferential tax rates and tax holiday			(1,547	)			(1,851	)			(2,095	)			(322	)
Effect of tax rate changes on deferred taxes			80				(13	)			7				1
Over-accrued EIT for previous years			(249	)			(520	)			(579	)			(89	)
PRC withholding tax			2,471				283				101				16
Addition to valuation allowance			1,165				1,335				551				85
Taxation for the year			5,475				2,913				2,995				460
Effective tax rate			14.44	%			20.08	%			14.07	%			14.07	%
Effect of preferential tax rates inside the PRC on basic earnings per Class A and Class B ordinary share			44.31				53.41				60.33				9.27

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, 2016 and 2017 are as follows:

		As of December 31,
		2016				2017				2017
		RMB				RMB				US$
		(In millions)
Deferred tax assets:
Provision for doubtful receivables			138				287				44
Accrued expenses, payroll and others			2,715				2,849				438
Fixed assets depreciation			26				53				8
Net operating loss carry-forward			1,727				1,061				163
Less: valuation allowance			(3,506	)			(2,718	)			(418	)
Deferred tax assets, net			1,100				1,532				235

		As of December 31,
		2016				2017				2017
		RMB				RMB				US$
		(In millions)
Deferred tax liabilities:
Long-lived assets arising from acquisitions			248				133				20
Withholding tax on PRC subsidiaries’ undistributed earnings			633				586				91
Withholding tax on capital gains derived from PRC			2,708				2,656				408
			3,589				3,375				519

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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.

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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=84230637&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

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=84230637&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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