6-K
BAIDU, INC. filed this Form 6-K on 02/24/2017
Entire Document
 


Baidu, Inc.

Condensed Consolidated Statements of Income

 

     Three Months Ended     Twelve Months Ended  
     December 31,     September 30,     December 31,     December 31,     December 31,  

(In RMB thousands except for share, per share (or ADS) information)

   2015     2016     2016     2015     2016  
     Unaudited     Unaudited     Unaudited     audited     Unaudited  

Revenues:

          

Online marketing services

     17,610,379       16,490,040       16,165,751       64,037,006       64,525,115  

Other services

     1,088,415       1,762,719       2,046,634       2,344,723       6,024,249  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

     18,698,794       18,252,759       18,212,385       66,381,729       70,549,364  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

          

Cost of revenues (note 1, 2)

     (8,149,327     (9,256,370     (9,721,570     (27,458,030     (35,278,945

Selling, general and administrative (note 2)

     (4,527,813     (3,595,985     (3,334,168     (17,076,383     (15,070,586

Research and development (note 2)

     (2,486,778     (2,613,573     (2,971,521     (10,175,762     (10,150,753
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (15,163,918     (15,465,928     (16,027,259     (54,710,175     (60,500,284
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     3,534,876       2,786,831       2,185,126       11,671,554       10,049,080  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other income:

          

Interest income

     572,725       627,308       631,346       2,362,632       2,341,631  

Interest expense

     (299,372     (319,899     (294,193     (1,041,394     (1,157,562

Foreign exchange income, net

     106,007       20,361       310,206       181,802       508,312  

Income(loss) from equity method investments

     23,119       (248,460     (105,642     3,867       (1,025,727

Other income, net

     24,294,280       1,271,932       1,795,684       24,728,162       3,793,473  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total other income

     24,696,759       1,351,242       2,337,401       26,235,069       4,460,127  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     28,231,635       4,138,073       4,522,527       37,906,623       14,509,207  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income taxes

     (3,579,909     (1,045,184     (400,937     (5,474,377     (2,913,594

Net income

     24,651,726       3,092,889       4,121,590       32,432,246       11,595,613  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Less: net loss attributable to noncontrolling interests

     (60,085     (9,441     (7,695     (1,231,927     (36,656

Net income attributable to Baidu

     24,711,811       3,102,330       4,129,285       33,664,173       11,632,269  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share for Class A and Class B ordinary shares:

          

Net income attributable to Baidu -Basic

     711.02       85.27       114.32       954.56       319.47  

Net income attributable to Baidu -Diluted

     709.15       85.06       113.98       951.49       318.62  

Earnings per ADS (1 Class A ordinary share equals 10 ADSs):

          

Net income attributable to Baidu -Basic

     71.10       8.53       11.43       95.46       31.95  

Net income attributable to Baidu -Diluted

     70.92       8.51       11.40       95.15       31.86  

Weighted average number of Class A and Class B ordinary shares outstanding:

          

Basic

     34,588,703       34,678,734       34,712,363       34,921,782       34,665,238  

Diluted

     34,679,673       34,764,579       34,816,049       35,034,470       34,757,086  

(1) Cost of revenues are detailed as follows:

          

Sales tax and surcharges

     (1,259,925     (1,220,377     (1,238,965     (4,644,357     (4,718,468

Traffic acquisition costs

     (2,616,319     (2,594,452     (2,636,455     (8,860,861     (10,372,516

Bandwidth costs

     (1,000,957     (1,240,986     (1,235,400     (3,716,747     (4,716,416

Depreciation costs

     (692,046     (802,257     (811,529     (2,559,623     (3,074,893

Operational costs

     (1,181,667     (1,158,554     (1,186,252     (3,881,609     (4,429,713

Content costs

     (1,381,875     (2,211,373     (2,570,729     (3,745,063     (7,863,585

Share-based compensation expenses

     (16,538     (28,371     (42,240     (49,770     (103,354
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total cost of revenues

     (8,149,327     (9,256,370     (9,721,570     (27,458,030     (35,278,945
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(2) Includes share-based compensation expenses as follows:

          

Cost of revenues

     (16,538     (28,371     (42,240     (49,770     (103,354

Selling, general and administrative

     (100,353     (116,646     (113,709     (486,760     (429,234

Research and development

     (224,129     (273,045     (475,984     (850,588     (1,227,400
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation expenses

     (341,020     (418,062     (631,933     (1,387,118     (1,759,988