20-F
BAIDU, INC. filed this Form 20-F on 03/31/2017
Entire Document
 


Table of Contents
     For the Years Ended December 31,  
     2012     2013     2014     2015     2016  
     RMB     RMB     RMB     RMB     RMB     US$  
     (In thousands except per share and per ADS data)  

Consolidated Statements of Comprehensive Income Data

            

Revenues:

            

Online marketing services

     22,245,643       31,802,219       48,495,215       64,037,006       64,525,115       9,293,550  

Others

     60,383       141,705       557,103       2,344,723       6,024,249       867,672  

Total revenues

     22,306,026       31,943,924       49,052,318       66,381,729       70,549,364       10,161,222  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

            

Cost of revenues

     (6,448,545     (11,471,839     (18,885,450     (27,458,030     (35,278,945     (5,081,225

Selling, general and
administrative

     (2,501,336     (5,173,533     (10,382,142     (17,076,383     (15,070,586     (2,170,616

Research and development

     (2,304,825     (4,106,832     (6,980,962     (10,175,762     (10,150,753     (1,462,013
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (11,254,706     (20,752,204     (36,248,554     (54,710,175     (60,500,284     (8,713,854
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     11,051,320       11,191,720       12,803,764       11,671,554       10,049,080       1,447,368  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest income

     866,465       1,308,542       1,992,818       2,362,632       2,341,631       337,265  

Interest expense

     (107,857     (447,084     (628,571     (1,041,394     (1,157,562     (166,724

Income (loss) from equity method investments

     (294,229     22,578       (19,943     3,867       (1,025,727     (147,735

Other income, net, including exchange gains or losses

     449,738       140,951       336,338       24,909,964       4,301,785       619,586  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     11,965,437       12,216,707       14,484,406       37,906,623       14,509,207       2,089,760  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income taxes

     (1,574,159     (1,828,930     (2,231,172     (5,474,377     (2,913,594     (419,645

Net income

     10,391,278       10,387,777       12,253,234       32,432,246       11,595,613       1,670,115  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Less: Net loss attributable to non-controlling interests

     (64,750     (162,880     (943,698     (1,231,927     (36,656     (5,280
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to Baidu, Inc.

     10,456,028       10,550,657       13,196,932       33,664,173       11,632,269       1,675,395  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share for Class A and Class B ordinary shares(1)

            

Basic

     298.62       300.66       374.88       954.56       319.47       46.01  

Diluted

     298.29       300.23       373.43       951.49       318.62       45.89  

Earnings per ADS (1 Class A ordinary share is represented by 10 ADSs)

            

Basic

     29.86       30.07       37.49       95.46       31.95       4.60  

Diluted

     29.83       30.02       37.34       95.15       31.86       4.59  

 

(1)

As holders of Class A and Class B ordinary shares have the same dividend right and the same participation right in our undistributed earnings, the basic and diluted net income per Class A ordinary share and Class B ordinary share are the same for all the periods presented during which there were two classes of ordinary shares. The weighted average number of ordinary shares represents the sum of the weighted average number of Class A and Class B ordinary shares. Please see “Earnings Per Share” under Note 17 to our audited consolidated financial statements included in this annual report for additional information regarding the computation of the per share amounts and the weighted average numbers of Class A and Class B ordinary shares.

 

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