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


Table of Contents
    As of December 31,  
    2012     2013     2014     2015     2016  
    RMB     RMB     RMB     RMB     RMB     US$  
    (In thousands)  

Consolidated Balance Sheets Data:

           

Cash and cash equivalents

    11,880,632       9,691,797       13,852,725       9,959,932       10,898,463       1,569,705  

Restricted cash

    395,029       259,533       413,010       95,997       317,521       45,733  

Short-term investments

    20,604,223       27,481,642       42,698,831       57,969,242       78,943,065       11,370,166  

Goodwill

    3,877,564       16,864,350       17,418,895       15,395,573       15,342,096       2,209,721  

Long-term investments, net

    803,499       1,259,473       3,544,923       37,958,591       45,690,363       6,580,781  

Total assets

    45,668,890       70,357,365       99,118,062       147,853,308       181,997,391       26,213,076  

Total liabilities

    18,453,765       30,320,538       45,065,679       63,637,592       84,254,996       12,135,243  

Total Baidu, Inc. shareholders’ equity

    26,055,229       37,796,492       51,072,424       80,255,663       92,273,542       13,290,154  

Total equity

    26,181,842       40,036,827       52,157,881       80,267,837       92,250,419       13,286,824  

Exchange Rate Information

Our business is primarily conducted in China and almost all of our revenues are denominated in RMB. However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars using the then current exchange rates, for the convenience of the readers. The conversion of RMB into U.S. dollars in this annual report is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB in this annual report were made at a rate of RMB6.9430 to US$1.00, the exchange rate in effect as of December 30, 2016. We make no representation that any RMB or U.S. dollar amounts could have been, or could be, converted into U.S. dollars or RMB, as the case may be, at any particular rate, or at all. The PRC government imposes control over its foreign currency reserves in part through direct regulation of the conversion of RMB into foreign exchange and through restrictions on foreign trade. On March 24, 2017, the noon buying rate was RMB6.8803 to US$1.00.

The following table sets forth information concerning exchange rates between the RMB and the U.S. dollar for the periods indicated.

 

     Exchange Rate  

Period

   Period-End      Average      Low      High  
     (RMB per U.S. Dollar)  

2012

     6.2301        6.2990        6.3879        6.2221  

2013

     6.0537        6.1412        6.2438        6.0537  

2014

     6.2046        6.1704        6.2591        6.0402  

2015

     6.4778        6.2869        6.4896        6.1870  

2016

     6.9430        6.6549        6.9580        6.4480  

September

     6.6685        6.6702        6.6790        6.6600  

October

     6.7735        6.7303        6.7819        6.6685  

November

     6.8837        6.8402        6.9195        6.7534  

December

     6.9430        6.9198        6.9580        6.8771  

2017

           

January

     6.8768        6.8907        6.9575        6.8360  

February

     6.8665        6.8694        6.8821        6.8517  

March (through March 24, 2017)

     6.8803        6.8976        6.9132        6.8785  

 

Source: Federal Reserve Statistical Release

 

(1)

Annual averages are calculated using the average of month-end rates of the relevant year. Monthly averages are calculated using the average of the daily rates during the relevant period.

 

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