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SEC Filings

6-K
PHOENIX NEW MEDIA LTD filed this Form 6-K on 03/12/2018
Entire Document
 

 

Phoenix New Media Limited

Condensed Consolidated Balance Sheets

(Amounts in thousands)

 

 

 

December 31,

 

December 31,

 

December 31,

 

 

 

2016

 

2017

 

2017

 

 

 

RMB

 

RMB

 

US$

 

 

 

Audited*

 

Unaudited

 

Unaudited

 

ASSETS

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

 

202,694

 

362,862

 

55,771

 

Term deposits and short term investments

 

781,298

 

737,657

 

113,376

 

Restricted cash

 

354,602

 

336,700

 

51,750

 

Accounts receivable, net

 

405,033

 

458,744

 

70,508

 

Amounts due from related parties

 

156,260

 

187,214

 

28,774

 

Prepayment and other current assets

 

64,069

 

57,458

 

8,831

 

Convertible debts from a related party

 

104,429

 

102,631

 

15,774

 

Total current assets

 

2,068,385

 

2,243,266

 

344,784

 

Non-current assets:

 

 

 

 

 

 

 

Property and equipment, net

 

72,087

 

64,454

 

9,906

 

Intangible assets, net

 

9,475

 

6,712

 

1,032

 

Available-for-sale investments

 

939,432

 

1,196,330

 

183,873

 

Equity investments, net

 

8,809

 

15,342

 

2,358

 

Deferred tax assets**

 

54,307

 

60,460

 

9,293

 

Other non-current assets

 

16,047

 

12,544

 

1,927

 

Total non-current assets

 

1,100,157

 

1,355,842

 

208,389

 

Total assets

 

3,168,542

 

3,599,108

 

553,173

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Short-term loans

 

358,602

 

330,000

 

50,720

 

Accounts payable

 

260,902

 

262,657

 

40,371

 

Amounts due to related parties

 

18,720

 

14,140

 

2,173

 

Advances from customers

 

27,825

 

65,196

 

10,020

 

Taxes payable

 

75,652

 

92,214

 

14,173

 

Salary and welfare payable

 

130,329

 

134,471

 

20,668

 

Accrued expenses and other current liabilities

 

111,049

 

173,253

 

26,628

 

Total current liabilities

 

983,079

 

1,071,931

 

164,753

 

Non-current liabilities:

 

 

 

 

 

 

 

Deferred tax liabilities

 

1,312

 

1,312

 

202

 

Long-term liabilities

 

21,723

 

24,714

 

3,798

 

Total non-current liabilities

 

23,035

 

26,026

 

4,000

 

Total liabilities

 

1,006,114

 

1,097,957

 

168,753

 

Shareholders’ equity:

 

 

 

 

 

 

 

Phoenix New Media Limited shareholders’equity:

 

 

 

 

 

 

 

Class A ordinary shares

 

16,843

 

17,180

 

2,641

 

Class B ordinary shares

 

22,053

 

22,053

 

3,389

 

Additional paid-in capital

 

1,555,511

 

1,587,575

 

244,006

 

Statutory reserves

 

77,946

 

81,237

 

12,486

 

Retained earnings

 

195,069

 

229,250

 

35,235

 

Accumulated other comprehensive income

 

298,346

 

570,244

 

87,645

 

Total Phoenix New Media Limited shareholders’ equity

 

2,165,768

 

2,507,539

 

385,402

 

Noncontrolling interests

 

(3,340

)

(6,388

)

(982

)

Total shareholders’ equity

 

2,162,428

 

2,501,151

 

384,420

 

Total liabilities and shareholders’ equity

 

3,168,542

 

3,599,108

 

553,173

 

 


*Derived from audited financial statements included in the Company’s Form 20-F dated April 28, 2017.

 

** In 2017, the Company adopted the guidance of ASU 2015-17 issued by FASB in November 2015, which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. Pursuant to the guidance, the Company retrospectively reclassified RMB54.3 million of deferred tax assets from current assets to noncurrent assets in the balance sheets as of December 31, 2016.

 

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