XML 26 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LEASE | 9 Months Ended
--- | ---
Sep. 30, 2017
LEASE |
LEASE | 10 LEASE Capital lease and other financing obligations The Company's capital lease and other financing obligations are summarized as follows:
|  | December 31, 2016 |  | September 30, 2017 |
|  | Capital lease obligations |  | Other financing obligations |  | Total |  | Capital lease obligations |  | Other financing obligations |  | Total |
Within 1 year |  |  | 71,300 |  |  | 22,044 |  |  | 93,344 |  |  | 124,215 |  |  | 38,977 |  |  | 163,192 |
After 1 year but within 2 years |  |  | 85,783 |  |  | 38,443 |  |  | 124,226 |  |  | 131,499 |  |  | 38,999 |  |  | 170,498 |
After 2 years but within 3 years |  |  | 92,677 |  |  | 39,548 |  |  | 132,225 |  |  | 139,230 |  |  | 41,944 |  |  | 181,174 |
After 3 years but within 4 years |  |  | 193,202 |  |  | 41,586 |  |  | 234,788 |  |  | 223,572 |  |  | 42,287 |  |  | 265,859 |
After 4 years but within 5 years |  |  | 71,501 |  |  | 42,287 |  |  | 113,788 |  |  | 116,146 |  |  | 42,287 |  |  | 158,433 |
After 5 years |  |  | 716,089 |  |  | 725,178 |  |  | 1,441,267 |  |  | 1,519,487 |  |  | 684,271 |  |  | 2,203,758 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 1,230,552 |  |  | 909,086 |  |  | 2,139,638 |  |  | 2,254,149 |  |  | 888,765 |  |  | 3,142,914 |
Less total future interest |  |  | (552,060 | ) |  | (450,670 | ) |  | (1,002,730 | ) |  | (964,102 | ) |  | (426,956 | ) |  | (1,391,058 | )
Less: estimated building costs |  |  | — |  |  | (25,356 | ) |  | (25,356 | ) |  | — |  |  | — |  |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Present value of lease and other financing obligations |  |  | 678,492 |  |  | 433,060 |  |  | 1,111,552 |  |  | 1,290,047 |  |  | 461,809 |  |  | 1,751,856 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Including: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion |  |  |  |  |  |  |  |  | 88,593 |  |  |  |  |  |  |  |  | 38,594 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current portion |  |  |  |  |  |  |  |  | 1,022,959 |  |  |  |  |  |  |  |  | 1,713,262 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The Company's capital and build-to-suit leases expire at various dates ranging from 2020 to 2037. The weighted average effective interest rate of the Company's capital and build-to-suit leases was 8.14% and 7.53% for the nine-month periods ended September 30, 2016 and 2017, respectively. During the nine months ended September 30, 2017, except for the capital leases acquired, the Company entered into the following capital lease arrangements: Shanghai 5 Lease In April 2017, the Company entered into a lease agreement for an existing building in Shanghai, China from a third party lessor (the "Shanghai 5 Lease"). Shanghai 5 Lease has a lease term of 20 years and 3 months from July 2017 to September 2037. The Company determined that the lease is a capital lease as the present value of the minimum lease payments exceeded 90% of the fair value of the leased property at the inception of the lease. Accordingly, on the lease commencement date, the Company recorded capital lease assets and capital lease obligations at an amount equal to the present value of the minimum lease payments of RMB87,206. Beijing 2 Lease In August 2017, the Company entered into an amendment agreement in respect of an existing lease of a building in Beijing, China, from a third-party lessor (the "Beijing 2 Lease"). Beijing 2 Lease was originally classified as an operating lease. As a result of the lease modification, the revised agreement was considered as a new lease pursuant to ASC 840-10-25 and was classified as a capital lease as the present value of minimum lease payments excessed 90% of the fair value of the leased assets. Accordingly, the Company recorded capital lease assets and capital lease obligations at an amount equal to the present value of the remaining minimum lease payments of RMB157,000. Operating leases The Company leases data centers, offices and other equipment that are classified as operating leases. The majority of the Company's operating leases expire at various dates though 2037. Future minimum operating lease payments as of September 30, 2017 are summarized as follow:
Twelve-months ending September 30, |  |  |  |
2018 |  |  | 131,683 |
2019 |  |  | 84,024 |
2020 |  |  | 80,381 |
2021 |  |  | 30,610 |
2022 |  |  | 26,670 |
Thereafter |  |  | 282,990 |
​ | ​ | ​ | ​ | ​
Total |  |  | 636,358 |
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
Rental expenses were approximately RMB92,438 and RMB120,116 for the nine-month periods ended September 30, 2016 and 2017, respectively. The Company did not sublease any of its operating leases for the periods presented.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration