Organization (Tables)

12 Months Ended

Dec. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Major Subsidiaries, VIEs and VIEs' Subsidiaries

As of December 31, 2021, the Company’s major subsidiaries, VIEs and VIEs’ subsidiaries are as follows:

	Place of Incorporation	Date of Establishment/Acquisition	Effective interest held
Subsidiaries:
Beijing QIYI Century Science & Technology Co., Ltd. (“Beijing QIYI Century”)	PRC	March 8, 2010		100	%
iQIYI HK Limited (“iQIYI HK”, formerly known as Qiyi.com HK Limited)	Hong Kong	April 14, 2011		100	%
iQIYI Media Limited	Cayman	May 26, 2017		100	%
iQIYI Film Group HK Limited	Hong Kong	June 12, 2017		100	%
Beijing iQIYI Interactive Technology Co., Ltd.	PRC	January 31, 2019		100	%
iQIYI International Singapore Pte, Ltd.	Singapore	February 11, 2020		100	%

VIEs and VIEs’ subsidiaries:
Beijing iQIYI Science & Technology Co., Ltd. (“Beijing iQIYI”, formerly known as Beijing Xinlian Xinde Advertisement Media Co., Ltd.)	PRC	Acquired on November 23, 2011	Nil
Shanghai iQIYI Culture Media Co., Ltd. (“Shanghai iQIYI”)	PRC	December 19, 2012	Nil
Shanghai Zhong Yuan Network Co., Ltd. (“Shanghai Zhong Yuan”)	PRC	Acquired on May 11, 2013	Nil
Chengdu Skymoons Interactive Network Game Co., Ltd. (“Skymoons Interactive”)	PRC	Acquired on July 17, 2018	Nil
Hainan iQIYI Culture Media Co., Ltd.	PRC	February 17, 2017	Nil

Schedule of VIEs and VIEs' Subsidiaries Included in Consolidated Balance Sheets and Statements of Comprehensive Loss

The carrying amounts of the assets, liabilities and the results of operations of the VIEs and VIEs’ subsidiaries included in the Company’s consolidated balance sheets and statements of comprehensive loss are as follows:

	As of December 31,
	2020		2021		2021
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		855,749		950,267		149,118
Short-term investments		825,352		595,754		93,487
Accounts receivable, net		2,928,385		2,613,546		410,122
Licensed copyrights, net		764,904		669,672		105,086
Prepayments and other assets		2,968,839		3,027,691		475,111
Total current assets		8,343,229		7,856,930		1,232,924
Non-current assets:
Fixed assets, net		726,986		726,115		113,943
Long-term investments		2,217,776		1,987,678		311,910
Licensed copyrights, net		992,549		2,288,848		359,170
Produced content, net		6,129,754		10,425,514		1,635,991
Operating lease assets		755,309		697,965		109,526
Goodwill		2,412,989		2,412,989		378,651
Others		1,078,362		919,713		144,323
Total non-current assets		14,313,725		19,458,822		3,053,514
Total assets		22,656,954		27,315,752		4,286,438
LIABILITIES
Third-party liabilities
Current liabilities:
Accounts payable		3,718,306		5,068,907		795,422
Customer advances and deferred revenue		3,407,352		3,370,582		528,918
Short-term loans		1,129,442		2,292,899		359,806
Long-term loans, current portion (i)		909,034		—		—
Operating lease liabilities, current portion		101,866		108,059		16,957
Accrued expenses and other liabilities		2,861,963		3,101,273		486,657
Total current liabilities		12,127,963		13,941,720		2,187,760
Non-current liabilities:
Operating lease liabilities		637,381		579,844		90,990
Other non-current liabilities		511,314		339,238		53,234
Total non-current liabilities		1,148,695		919,082		144,224
Amounts due to the Company and its subsidiaries		16,558,843		20,835,196		3,269,497
Total liabilities		29,835,501		35,695,998		5,601,481

	For the year ended December 31,
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Total revenues		26,887,129			27,412,800			28,947,480			4,542,491
Net loss		(3,341,662	)		(1,360,562	)		(1,688,711	)		(264,996	)
Net cash provided by operating activities		2,494,045			980,975			160,904			25,249
Net cash used for investing activities		(3,409,845	)		(625,675	)		(540,018	)		(84,741	)
Net cash provided by/(used for) financing activities		1,180,387			(380,298	)		515,423			80,881

(i) In accordance with the arrangement as described in Note 13, the Group consolidates the securitization vehicles as it is a VIE for which the Group considers itself the primary beneficiary given the Group has the power to govern the activities that most significantly impact its economic performance and is obligated to absorb losses that could potentially be significant to the VIE. As of December 31, 2020 and 2021, RMB527,000 and RMB708,195 (US$111,131) of the loan is repayable within one year and is included in “Long-term loans, current portion” and “Short-term loans”, respectively, in the carrying amounts of the liabilities of the VIEs and VIEs' subsidiaries.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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