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Additional Information - Condensed Financial Statements of the Company | 12 Months Ended
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Dec. 31, 2016
Additional Information - Condensed Financial Statements of the Company [Abstract] |
Additional Information - Condensed Financial Statements of the Company | 2 6. Additional Information - Condensed Financial Statements of the Company The condensed financial statements of Phoenix New Media Limited have been prepared in accordance with SEC Regulation S-X Rule 5-04 and Rule 12-04. The Company records its investments in subsidiaries and VIEs under the equity method of accounting. Such investments are presented on the balance sheets as “Investments using equity accounting”, and the profit of subsidiaries and VIEs is presented as “Share of profit of investments using equity accounting, including impairments and disposal gain” in the statement of comprehensive income. As of December 31, 2015 and 2016, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those, if any, which have been separately disclosed in the consolidated financial statements. Phoenix New Media Limited Condensed Financial Information of the Company Balance Sheets (Amounts in thousands, except for number of shares and per share data)
|  | As of December 31, |
|  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | US$ |
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents |  | 14,022 |  | 32,731 |  | 4,714 |
Term deposits and short term investments |  | 83,854 |  | — |  | — |
Amounts due from related parties |  | 30 |  | 50,343 |  | 7,251 |
Amounts due from subsidiaries and VIEs |  | 216,451 |  | 228,050 |  | 32,846 |
Prepayments and other current assets |  | 1,991 |  | 1,565 |  | 225 |
Convertible loans due from a related party |  | — |  | 104,429 |  | 15,041 |
Total current assets |  | 316,348 |  | 417,118 |  | 60,077 |
Non-current assets: |  |  |  |  |  |  |
Investments using equity accounting |  | 1,189,213 |  | 1,251,578 |  | 180,266 |
Available-for-sale investments |  | 513,994 |  | 939,432 |  | 135,306 |
Total non-current assets |  | 1,703,207 |  | 2,191,010 |  | 315,572 |
Total assets |  | 2,019,555 |  | 2,608,128 |  | 375,649 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Amounts due to related parties |  | 3,326 |  | 4,609 |  | 664 |
Amounts due to subsidiaries and VIEs |  | 205,268 |  | 435,724 |  | 62,757 |
Accrued expenses and other current liabilities |  | 5,326 |  | 2,027 |  | 292 |
Total current liabilities |  | 213,920 |  | 442,360 |  | 63,713 |
Total liabilities |  | 213,920 |  | 442,360 |  | 63,713 |
Shareholders’ equity: |  |  |  |  |  |  |
Class A ordinary shares (US$0.01 par value, 680,000,000 shares authorized; 253,250,854 and 254,909,790 shares issued and outstanding as of December 31, 2015 and 2016, respectively) |  | 16,733 |  | 16,843 |  | 2,426 |
Class B ordinary shares (US$0.01 par value, 320,000,000 shares authorized; 317,325,360 and 317,325,360 shares issued and outstanding as of December 31, 2015 and 2016, respectively) |  | 22,053 |  | 22,053 |  | 3,176 |
Additional paid-in capital |  | 1,551,104 |  | 1,555,511 |  | 224,040 |
Statutory reserves |  | 70,311 |  | 77,946 |  | 11,227 |
Retained earnings |  | 122,093 |  | 195,069 |  | 28,096 |
Accumulated other comprehensive income |  | 23,341 |  | 298,346 |  | 42,971 |
Total shareholders’ equity |  | 1,805,635 |  | 2,165,768 |  | 311,936 |
Total liabilities and shareholders’ equity |  | 2,019,555 |  | 2,608,128 |  | 375,649 |
Phoenix New Media Limited Condensed Financial Information of the Company Statements of Comprehensive Income (Amounts in thousands)
|  | For the Years Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Operating expenses: |  |  |  |  |  |  |  |  |
General and administrative expenses |  | (9,131 | ) | (10,783 | ) | (8,649 | ) | (1,246 | )
Total operating expenses |  | (9,131 | ) | (10,783 | ) | (8,649 | ) | (1,246 | )
Loss from operations |  | (9,131 | ) | (10,783 | ) | (8,649 | ) | (1,246 | )
Other income: |  |  |  |  |  |  |  |  |
Interest income |  | 19,187 |  | 4,625 |  | 10,016 |  | 1,443 |
Foreign currency exchange (loss)/gain |  | (6,792 | ) | (4,948 | ) | 2,512 |  | 362 |
Gain on disposal of an equity investment and acquisition of available-for-sale investments |  | — |  | 4,643 |  | — |  | — |
Others, net |  | 1,359 |  | 6,242 |  | 2,476 |  | 356 |
Share of profit of investments using equity accounting, including impairments and disposal gain |  | 258,468 |  | 73,805 |  | 74,256 |  | 10,694 |
Net income |  | 263,091 |  | 73,584 |  | 80,611 |  | 11,609 |
Other comprehensive income |  | 44,786 |  | 38,682 |  | 275,005 |  | 39,609 |
Comprehensive income |  | 307,877 |  | 112,266 |  | 355,616 |  | 51,218 |
Phoenix New Media Limited Condensed Financial Information of the Company Statements of Cash Flows (Amounts in thousands)
|  | For the Years Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by/(used in) operating activities |  | 27,590 |  | (8,754 | ) | (2,323 | ) | (335 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Placement of term deposits and short term investments |  | (335,493 | ) | (83,854 | ) | — |  | — |
Maturity of term deposits and short term investments |  | 386,427 |  | — |  | 83,854 |  | 12,077 |
Investments in available-for-sale investments |  | (36,810 | ) | (352,008 | ) | — |  | — |
Issuance of convertible loans to a related party |  | — |  | — |  | (228,280 | ) | (32,879 | )
Loans provided to a related party |  | — |  | — |  | (45,865 | ) | (6,606 | )
Investments in investments using equity accounting |  | (69,365 | ) | (35,757 | ) | (3,554 | ) | (512 | )
Net cash used in investing activities |  | (55,241 | ) | (471,619 | ) | (193,845 | ) | (27,920 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Borrowings from subsidiaries an VIEs |  | 13,867 |  | 212,435 |  | 212,441 |  | 30,598 |
Proceeds from exercise of stock options |  | 8,756 |  | 6,944 |  | 2,436 |  | 351 |
Repurchase of ordinary shares |  | (242,500 | ) | (66,417 | ) | — |  | — |
Net cash (used in)/provided by financing activities |  | (219,877 | ) | 152,962 |  | 214,877 |  | 30,949 |
Net (decrease)/increase in cash and cash equivalents |  | (247,528 | ) | (327,411 | ) | 18,709 |  | 2,694 |
Cash and cash equivalents at the beginning of the year |  | 588,961 |  | 341,433 |  | 14,022 |  | 2,020 |
Cash and cash equivalents at the end of the year |  | 341,433 |  | 14,022 |  | 32,731 |  | 4,714 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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