6-K
BAIDU, INC. filed this Form 6-K on 04/28/2017
Entire Document
 


Baidu, Inc.
Condensed Consolidated Statements of Income

 

     Three Months Ended  
     March 31,     December 31,     March 31,  

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

   2016     2016     2017  
     Unaudited     Unaudited     Unaudited  

Revenues:

      

Online marketing services

     14,930,530       16,165,751       14,737,778  

Other services

     890,042       2,046,634       2,153,007  
  

 

 

   

 

 

   

 

 

 

Total revenues

     15,820,572       18,212,385       16,890,785  
  

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

      

Cost of revenues (note 1, 2)

     (7,563,184     (9,721,570     (9,233,256

Selling, general and administrative (note 2)

     (3,945,944     (3,334,168     (2,817,058

Research and development (note 2)

     (2,100,707     (2,971,521     (2,834,825
  

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (13,609,835     (16,027,259     (14,885,139
  

 

 

   

 

 

   

 

 

 

Operating profit

     2,210,737       2,185,126       2,005,646  
  

 

 

   

 

 

   

 

 

 

Other income:

      

Interest income

     596,120       631,346       648,773  

Interest expense

     (268,389     (294,193     (323,366

Foreign exchange income(loss), net

     (66,166     310,206       (101,396

Loss from equity method investments

     (117,092     (105,642     (76,128

Other income, net

     298,119       1,795,684       21,838  
  

 

 

   

 

 

   

 

 

 

Total other income

     442,592       2,337,401       169,721  
  

 

 

   

 

 

   

 

 

 

Income before income taxes

     2,653,329       4,522,527       2,175,367  
  

 

 

   

 

 

   

 

 

 

Income taxes

     (674,750     (400,937     (405,053

Net income

     1,978,579       4,121,590       1,770,314  
  

 

 

   

 

 

   

 

 

 

Less: net loss attributable to noncontrolling interests

     (8,252     (7,695     (6,357

Net income attributable to Baidu

     1,986,831       4,129,285       1,776,671  
  

 

 

   

 

 

   

 

 

 

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

 

   

Net income attributable to Baidu -Basic

     53.95       114.32       46.47  

Net income attributable to Baidu -Diluted

     53.82       113.98       46.29  

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

 

   

Net income attributable to Baidu -Basic

     5.40       11.43       4.65  

Net income attributable to Baidu -Diluted

     5.38       11.40       4.63  

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

 

 

Basic

     34,599,297       34,712,363       34,734,019  

Diluted

     34,681,988       34,816,049       34,869,783  

(1) Cost of revenues are detailed as follows:

      

Sales tax and surcharges

     (1,047,564     (1,238,965     (1,258,508

Traffic acquisition costs

     (2,233,208     (2,636,455     (2,185,304

Bandwidth costs

     (1,088,038     (1,235,400     (1,335,515

Depreciation costs

     (707,332     (811,529     (823,010

Operational costs

     (1,092,153     (1,186,252     (958,704

Content costs

     (1,382,468     (2,570,729     (2,635,864

Share-based compensation expenses

     (12,421     (42,240     (36,351
  

 

 

   

 

 

   

 

 

 

Total cost of revenues

     (7,563,184     (9,721,570     (9,233,256
  

 

 

   

 

 

   

 

 

 

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

 

   

Cost of revenues

     (12,421     (42,240     (36,351

Selling, general and administrative

     (105,036     (113,709     (187,355

Research and development

     (191,605     (475,984     (407,105
  

 

 

   

 

 

   

 

 

 

Total share-based compensation expenses

     (309,062     (631,933     (630,811