iQIYI, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations ($117.8m) $2.0b $790.6m ($204.0m)
Net Income (Loss) Attributable to Parent ($3.1b) ($3.7b) ($1.3b) ($1.5b) ($1.1b) ($968.1m) ($19.7m) $271.2m $104.7m ($29.5m)
Net Income (Loss) Available to Common Stockholders, Basic ($3.1b) $972.9m ($1.4b) ($1.5b) ($1.1b) ($971.3m) ($19.7m) $271.2m $104.7m ($29.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($3.7b) ($1.3b) ($1.5b) ($1.1b) ($958.6m) ($17.1m) $275.0m $108.3m ($29.2m)
Net Income (Loss) Attributable to Noncontrolling Interest $0 $7.1m $6.7m $4.8m $9.6m $2.7m $3.8m $3.6m $324k
Amortization $25.4m $25.7m $25.3m $13.1m $10.8m
Amortization of Debt Issuance Costs $9.5m $41.2m $38.1m $33.7m
Amortization of Intangible Assets $102.2m $112.9m $50.4m $68.9m $317.6m $162.2m $177.0m $179.4m $95.6m $75.6m
Depreciation $348.9m $45.4m $68.4m $73.6m $62.8m $48.9m $38.8m $20.3m $19.8m
Depreciation of fixed assets $306.5m $348.9m $312.1m $476.1m $480.4m $400.2m $337.4m $275.2m $147.9m $138.3m
Amortization of licensed copyrights $4.0b $7.5b $12.1b $12.7b $11.9b $10.1b $7.8b $7.1b $7.5b $6.1b
Amortization and impairment of produced content $574.5m $811.4m $2.3b $3.0b $4.5b $6.1b $5.4b $6.5b $5.9b $6.9b
Amortization Cash Flow $13.3b $13.8b $13.5b $13.1b
Amortization Of Intangibles $13.3b $13.8b $13.5b $13.1b
Depreciation Amortization Depletion $13.7b $14.1b $13.6b $13.3b
Deferred Income Tax Expense (Benefit) $478k ($12.2m) ($6.6m) ($11.1m) ($6.4m) $2.9m $4.4m ($142k) ($3.3m) $395k
Deferred Income Tax $30.1m ($1.0m) ($24.4m) $2.8m
Deferred Tax $30.1m ($1.0m) ($24.4m) $2.8m
Share-based Payment Arrangement, Noncash Expense $233.4m $80.9m $155.8m $210.0m $191.3m $117.6m $89.7m $74.6m $57.7m
Share-based Payment Arrangement, Expense $233.4m $80.9m $155.8m $210.0m $191.3m $117.6m $89.7m $74.6m $57.7m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $24.3m $11.2m $26.4m $66.5m $39.5m $20.1m $5.4m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0
Share-based compensation $62.4m $233.4m $556.2m $1.1b $1.4b $1.2b $811.4m $636.7m $544.4m $403.4m
Fair value change and impairment of long-term investments $32.9m ($189.6m) $162.3m $33.9m $82.4m $823.8m $340.0m $176.2m $71.9m
Asset Impairment Charge $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($4.6m) ($609k) ($1.9m) $3.2m $4.0m $5.1m $2.3m $2.7m $852k
Income (Loss) from Equity Method Investments ($263k) ($2.5m) ($22.3m) ($34.4m) ($70.0m) ($30.9m) ($7.2m) $2.4m ($626k)
Income Tax Expense (Benefit) ($7.6m) $11.5m $7.4m $3.6m $15.2m $12.2m $11.3m $8.4m $20.7m
Interest Expense Nonoperating $145.5m $130.1m
Other Nonoperating Income (Expense) $2.5m $28.0m ($15.7m) $22.5m $14.1m ($46.3m) $10.2m ($12.3m) $6.4m
Share of losses/(gains) from equity method investments $100k $263k $17.0m $155.1m $224.5m $446.3m $213.4m $51.2m ($17.8m) $4.4m
Earnings (Loss)es From Equity Investments $213.4m $51.2m ($17.8m) $4.4m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $512.1m $79.1m $116.5m ($1.4m) ($101.2m) ($45.3m) ($27.2m) ($958k) $50.1m
Accretion Expense $112.5m $3.5m $49.7m $97.0m $21.2m $46.8m $42.6m $37.3m
Equity Securities, FV-NI, Gain (Loss) $1.0m $5.8m $14.8m $4.5m ($567k) $2.9m $4.2m
Equity Securities, FV-NI, Realized Gain (Loss) $0 $0 $0 $0 $0 $0 $2.9m $1.4m
Equity Securities, FV-NI, Unrealized Gain (Loss) $27.6m $1.0m $5.8m $14.8m $4.5m ($567k) $0 $2.8m
Foreign Currency Transaction Gain (Loss), before Tax $400.7m ($141.2m) ($27.3m) $6.6m $8.6m ($24.3m) ($14.8m) ($13.3m) $35.2m
Foreign Currency Transaction Gain (Loss), Unrealized $333.6m ($136.8m) ($22.3m) $7.9m ($2.4m) ($15.6m) ($3.9m) ($4.8m) $35.2m
Goodwill $3.3b $565.5m $558.5m $595.9m $610.2m $554.7m $538.2m $523.5m $546.4m
Investment Income, Interest $83.1m $31.1m $57.8m $24.1m $18.6m $10.1m $36.3m $37.2m $47.8m
Marketable Securities, Unrealized Gain (Loss) $3.6m
Nonoperating Income (Expense) $208.5m ($98.3m) ($138.9m) ($144.6m) ($240.5m) ($195.2m) ($134.8m) ($131.5m) ($41.3m)
Proceeds from Contributions from Parent $0 $24.8m $0 $0
Proceeds from Stock Options Exercised $0 $9.7m $21.1m $30.1m $28.2m $7.5m $9.8m $5.6m $50k
Provision/(reversal) of credit losses $7.2m $56.0m $107.2m $58.0m $265.5m ($45.2m) ($25.9m) $30.2m ($13.3m) $22.3m
Unrealized foreign exchange loss/(gain) $180.6m ($333.6m) $940.5m $155.1m ($51.8m) $15.5m $107.6m $28.0m $35.3m ($245.9m)
Gain on disposal of fixed assets $1.2m $4.6m $4.2m $13.3m ($21.0m) ($25.6m) ($34.9m) ($16.4m) ($19.5m) ($6.0m)
Loss/(gain) on disposal of subsidiaries or business $0 $0 ($44.9m) ($367.7m) ($89.6m) $22.3m $0
Accretion on convertible senior notes and others $0 $112.5m $23.9m $346.3m $501.0m $618.4m $146.1m $332.0m $311.2m $260.7m
Barter transaction revenue ($382.5m) ($762.7m) ($1.1b) ($682.9m) ($1.4b) ($1.2b) ($876.1m) ($417.6m) ($901.6m) ($449.8m)
Other non-cash expense/(income) $29.0m ($2.5m) $20.1m $37.8m ($67.8m) ($46.4m) ($23.2m) ($227.4m) ($59.3m) $35.3m
Accounts receivable ($322.8m) ($512.1m) ($544.0m) ($810.8m) $8.8m $644.9m $312.8m $193.3m $7.0m ($350.3m)
Amounts due from related parties ($57.9m) $56.7m ($155.4m) $45.7m $144.4m ($56.0m) ($49.4m) ($280.0m) ($14.5m) $26.8m
Licensed copyrights $0 $0 ($10.5b) ($9.7b) ($6.1b) ($6.4b) ($6.5b) ($4.9b)
Produced content ($872.4m) ($2.0b) ($4.5b) ($3.6b) ($6.7b) ($10.5b) ($7.4b) ($6.9b) ($7.2b) ($6.8b)
Prepayments and other assets ($173.4m) ($549.3m) ($735.2m) ($854.9m) $1.2b $96.0m $222.4m ($34.9m) $699.3m ($1.4b)
Accounts payable $1.1b $1.1b $583.1m ($655.0m) ($605.4m) $1.4b $2.9b ($288.1m) $704.0m $322.2m
Amounts due to related parties $19.1m ($184.9m) $435.9m $461.0m $77.0m $658.2m $204.8m $37.8m $256.6m $460.2m
Customer advances and deferred revenue $456.8m $836.9m $467.0m $880.8m $429.5m $39.6m $750.8m $141.1m $30.5m ($243.2m)
Accrued expenses and other liabilities $389.0m $646.8m $808.3m $73.9m ($580.6m) ($216.1m) ($615.5m) $173.6m $76.2m $4.5m
Other non-current liabilities ($2.3m) $6.1m $101.8m $190.4m $2.9m $31.6m $1.0b ($17.9m) ($370.0m) ($189.1m)
Acquisition of fixed assets ($399.9m) ($1.0b) ($611.9m) ($740.2m) ($240.8m) ($261.5m) ($174.3m) ($37.0m) ($79.3m) ($95.8m)
Acquisition of intangible assets ($42.1m) ($110.3m) ($387.5m) ($127.5m) ($145.0m) ($139.2m) ($95.5m) ($67.9m) ($93.7m) ($28.8m)
Proceeds from disposal of long-term investments $0 $3.0m $40.0m $0 $20.1m $109.8m $61.0m $99.4m
Film investments made as passive investor ($31.8m) ($11.1m) ($2.9m) ($3.2m) $0 ($21.9m) ($59.6m) ($17.6m) ($14.4m) ($5.1m)
Proceeds from film investments as passive investor $5.5m $31.1m $6.2m $27.4m $1.6m $3.6m $30.2m $20.7m $13.5m $16.1m
Loans provided to related parties ($2.3b) ($41.4m) $0 $0 ($1.0m) $0 ($1.5b) ($2.3b) ($812.6m)
Purchases of held-to-maturity debt securities ($1.8b) ($6.6b) ($8.5b) ($3.4b) ($6.4b) ($727.9m) $0 ($510.0m) ($67.4m)
Maturities of held-to-maturity debt securities $0 $1.8b $0 $9.9b $5.2b $8.5b $769.8m $0 $510.0m $33.5m
Purchases of available-for-sale debt securities ($4.5b) ($13.8b) ($26.1b) ($14.5b) ($11.8b) ($13.6b) ($3.7b) ($1.9b) ($438.0m) ($430.0m)
Maturities of available-for-sale debt securities $3.8b $13.7b $21.2b $14.8b $11.4b $13.5b $4.3b $1.8b $443.0m $1.1b
Repayments from loans from related parties ($688.2m) ($6.7b) $0 $0 $0 $0 ($650.0m) $0 $0
Proceeds from short-term loans $100.0m $299.4m $3.4b $2.7b $3.6b $4.4b $4.3b $4.6b $5.0b $2.6b
Repayments of short-term loans $0 ($100.0m) ($639.9m) ($3.2b) ($3.2b) ($3.3b) ($5.0b) ($4.4b) ($4.7b) ($3.9b)
Proceeds from long-term loans $0 $299.0m $453.8m $945.7m $0 $0 $0 $100.0m $1.1b $3.4b
Repayments of long-term loans ($5.0m) ($99.1m) ($167.8m) ($709.2m) ($880.9m) $0 $0 ($15.5m) ($547.2m)
Proceeds from issuance of convertible senior notes, net of issuance costs $0 $2.1b $0 $0 $5.2b $632.4m $3.4b $4.4b $0 $2.5b
Repayments or redemption of convertible senior notes $0 $0 ($4.8b) $0 ($11.7b) ($2.9b) ($2.8b)
Proceeds from issuance of ordinary shares in the follow-on offering, net of issuance costs $0 $0 $4.5b $500.4m $0 $3.4b $0 $0
Proceeds from issuance of ordinary shares to third parties upon private placement $0 $0 $1.2b $0 $0
Proceeds from issuance of Class B ordinary shares to Baidu upon private placement $0 $0 $634.5m $0 $0
Proceeds from exercise of share options $0 $0 $66.6m $147.0m $196.6m $180.0m $51.9m $69.8m $41.1m $347k
Finance lease payments $0 $0 ($397k) ($9.0m) ($14.5m) ($38.1m) ($27.7m) ($18.3m) $0
Acquisition of fixed assets included in accounts payable $107.7m $150.4m $259.9m $84.6m $30.3m $68.1m $3.8m $6.9m $95.6m $138.8m
Beginning Cash Position $3.1b $7.9b $5.3b $3.6b
Cash Flow From Continuing Financing Activities $4.5b ($4.3b) ($1.4b) $1.1b
Cash Flow From Continuing Investing Activities $266.0m ($1.7b) ($2.4b) ($327.4m)
Change In Account Payable ($2.9b) ($288.1m) $704.0m $322.2m
Change In Accrued Expense ($615.5m) $173.6m $76.2m $4.5m
Change In Other Current Assets ($6.1b) ($6.4b) ($6.5b) ($4.9b)
Change In Other Current Liabilities $1.0b ($17.9m) ($370.0m) ($189.1m)
Change In Other Working Capital ($6.6b) ($6.8b) ($7.2b) ($7.0b)
Change In Payable ($2.7b) ($250.3m) $960.6m $782.4m
Change In Payables And Accrued Expense ($3.3b) ($76.7m) $1.0b $786.9m
Change In Prepaid Assets $222.4m ($34.9m) $699.3m ($1.4b)
Change In Receivables $362.2m ($86.7m) ($7.5m) ($323.5m)
Change In Working Capital ($14.5b) ($13.4b) ($12.4b) ($13.1b)
Changes In Account Receivables $312.8m $193.3m $7.0m ($350.3m)
Changes In Cash $4.7b ($2.7b) ($1.7b) $842.8m
End Cash Position $7.9b $5.3b $3.6b $4.4b
Financing Cash Flow $4.5b ($4.3b) ($1.4b) $1.1b
Free Cash Flow ($340.3m) $3.2b $1.9b ($18.8m)
Gain Loss On Sale Of Business ($367.7m) ($89.6m) $22.3m $0
Gain Loss On Sale Of PPE ($34.9m) ($16.4m) ($19.5m) ($6.0m)
Investing Cash Flow $266.0m ($1.7b) ($2.4b) ($327.4m)
Issuance Of Capital Stock $1.8b $3.4b $0 $0
Net Business Purchase And Sale $0 $0
Net Foreign Currency Exchange Gain Loss $107.6m $28.0m $35.3m ($245.9m)
Net Intangibles Purchase And Sale ($95.5m) ($67.9m) ($93.7m) ($28.8m)
Net PPE Purchase And Sale ($174.3m) ($37.0m) ($79.3m) ($95.8m)
Operating Gains Losses ($81.6m) ($26.7m) $20.3m ($247.5m)
Other Non Cash Items ($724.1m) ($313.0m) ($649.7m) ($153.8m)
Proceeds From Stock Option Exercised $51.9m $69.8m $41.1m $347k
Provisionand Write Offof Assets $25.9m $30.2m ($13.3m) $22.3m
Purchase Of Business $0 $0
Purchase Of Intangibles ($95.5m) ($67.9m) ($93.7m) ($28.8m)
Purchase Of PPE $89.0m $106.3m $36.9m $41.0m ($174.3m) ($37.0m) ($79.3m) ($95.8m)
Stock Based Compensation $811.4m $636.7m $544.4m $403.4m
Unrealized Gain Loss On Investment Securities $823.8m $340.0m $176.2m $71.9m
Net Cash Provided by (Used in) Operating Activities $2.6b $4.0b $419.5m $561.1m ($829.3m) ($934.0m) ($10.2m) $472.1m $289.1m $15.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.0b $89.0m $106.3m $36.9m $41.0m $25.3m $5.2m $10.9m $13.7m
Payments to Acquire Businesses, Net of Cash Acquired $0 $148.1m $833k $889k $0 $0
Payments to Acquire Investments $553.0m $128.5m
Purchase of long-term investments ($164.0m) ($553.0m) ($883.4m) ($706.1m) ($1.1b) ($386.4m) ($78.3m) ($178.5m) ($37.8m) ($2.0m)
Net Investment Purchase And Sale $483.4m ($186.8m) $27.3m $721.4m
Purchase Of Investment ($4.6b) ($2.1b) ($1.0b) ($504.5m)
Sale Of Investment $5.1b $1.9b $1.0b $1.2b
Payments for (Proceeds from) Other Investing Activities ($2.5m) ($8.7m) ($7.1m) ($3.5m) ($2.3m) $16.0m
Other investing activities $0 $0 $16.2m $55.7m $49.2m $24.8m $17.1m ($111.6m)
Net Other Investing Changes $52.4m ($1.4b) ($2.3b) ($924.2m)
Net cash used for investing activities ($6.7b) ($10.7b) ($20.9b) ($11.7b) $159.3m $1.3b $266.0m ($1.7b) ($2.4b) ($327.4m)
Net Cash Provided by (Used in) Investing Activities ($10.7b) ($3.0b) ($1.7b) $24.4m $198.1m $38.6m ($245.0m) ($334.9m) ($46.8m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $13.7b $3.1b $2.1b $1.8b $2.1b $617.8m $249.2m $60.7m $154.0m
Issuance Of Debt $7.7b $9.1b $6.1b $8.5b
Long Term Debt Issuance $3.4b $4.5b $1.1b $5.9b
Net Issuance Payments Of Debt $2.7b ($7.7b) ($1.6b) $1.3b
Net Long Term Debt Issuance $3.4b ($7.9b) ($1.8b) $2.6b
Net Short Term Debt Issuance ($756.3m) $220.6m $219.8m ($1.3b)
Short Term Debt Issuance $4.3b $4.6b $5.0b $2.6b
Repayments of Long-term Debt $5.0m $14.4m
Long Term Debt Payments ($38.1m) ($12.4b) ($2.9b) ($3.4b)
Repayment Of Debt ($5.1b) ($16.8b) ($7.7b) ($7.2b)
Short Term Debt Payments ($5.0b) ($4.4b) ($4.7b) ($3.9b)
Proceeds from Issuance of Common Stock $683.1m $78.5m $0 $477.7m $0 $0
Common Stock Issuance $1.8b $3.4b $0 $0
Net Common Stock Issuance $1.8b $3.4b $0 $0
Proceeds from Noncontrolling Interests $45.5m $2.8m $15.3m $1.5m $42.1m $145k $0
Acquisition of noncontrolling interests in a subsidiary $0 $0 ($65.0m) $0 $0 ($5.1m) $0 ($26.8m) $0
Cash Dividends Paid ($27.8m) ($64.2m)
Common Stock Dividend Paid ($27.8m) ($64.2m)
Proceeds from (Payments for) Other Financing Activities ($1.0m) ($2.7m) ($3.4m)
Proceeds from other financing activities $25.0m $0 $339.0m $95.8m
Repayment for other financing activities $0 ($24.0m) ($93.0m) ($296.9m)
Net Other Financing Charges ($44.3m) ($68.5m) $196.7m ($220.6m)
Net cash provided by/(used for) financing activities $3.4b $6.6b $23.5b $7.9b $9.4b ($3.0b) $4.5b ($4.3b) ($1.4b) $1.1b
Net Cash Provided by (Used in) Financing Activities $6.6b $3.4b $1.1b $1.4b ($464.4m) $647.9m ($603.5m) ($187.7m) $152.2m
Effect of exchange rate changes on cash, cash equivalents and restricted cash $14.7m ($143.4m) $617.4m $112.3m ($91.3m) ($216.7m) $122.4m $92.0m $14.7m ($55.4m)
Effect Of Exchange Rate Changes $122.4m $92.0m $14.7m ($55.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($231.2m) $876.7m $21.4m $617.8m ($1.2b) $694.0m ($363.5m) ($231.6m) $112.6m
Net increase/(decrease) in cash, cash equivalents and restricted cash ($624.5m) ($231.2m) $6.0b $149.2m $4.0b ($7.9b) $4.8b ($2.6b) ($1.7b) $787.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $983.3m $992.5m $1.7b $482.5m $1.1b $743.8m $491.9m $626.0m
Cash, cash equivalents and restricted cash at the beginning of the year $964.2m $733.0m $6.8b $6.9b $10.9b $3.1b $7.9b $5.3b $3.6b $4.4b
Cash and cash equivalents $5.9b $10.9b $3.0b $7.1b $4.4b $3.5b $4.4b
Restricted cash $974.9m $25.2m $77.7m $13.6m $6.1m $0 $23.1m
Long-term restricted cash $0 $0 $750.0m $840.0m $60.7m $340k
Total cash and cash equivalents and restricted cash shown in the statements of cash flows $6.9b $10.9b $3.1b $7.9b $5.3b $3.6b $4.4b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported $4.8b ($2.6b) ($1.7b) $787.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities $66.7m $282.0m $6.7m $62.7m $77.1m $105.3m $76.0m $110.5m $92.9m $89.8m
Income Taxes Paid, Net $413k $22.5m $2.9m $24.6m $15.0m $17.0m $8.1m $4.9m $10.8m $14.9m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.