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To supplement our consolidated financial statements, which statements are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP EPS, free cash flow, and non-GAAP international revenues.
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Upon completion of the transaction, iQiyi will be consolidated into Baidu's financial statements. iQiyi will continue to operate as a separate brand with its existing management team.
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Consolidated statements of income, financial position and cash flows and other financial data follow.
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Why were financial statements for Alipay still being consolidated by Alibaba Group after August 2010 even though the underlying asset was transferred to another company, and therefore how reliable are its consolidated statements?
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