424B2
BAIDU, INC. filed this Form 424B2 on 06/29/2017
Entire Document
 


Table of Contents
    For the Years Ended December 31,     For the Three Months Ended March 31,  
    2012     2013     2014     2015     2016     2016     2017  
    RMB     RMB     RMB     RMB     RMB     US$     RMB     RMB     US$  
    (in thousands)  
                                        (unaudited)     (unaudited)     (unaudited)  

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       14,930,530       14,737,778       2,141,123  

Other services

    60,383       141,705       557,103       2,344,723       6,024,249       867,672       890,042       2,153,007       312,792  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

    22,306,026       31,943,924       49,052,318       66,381,729       70,549,364       10,161,222       15,820,572       16,890,785       2,453,915  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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     (7,563,184     (9,233,256     (1,341,419

Selling, general and administrative

    (2,501,336     (5,173,533     (10,382,142     (17,076,383     (15,070,586     (2,170,616     (3,945,944     (2,817,058     (409,266

Research and development

    (2,304,825     (4,106,832     (6,980,962     (10,175,762     (10,150,753     (1,462,013     (2,100,707     (2,834,825     (411,847
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

    (11,254,706     (20,752,204     (36,248,554     (54,710,175     (60,500,284     (8,713,854     (13,609,835     (14,885,139     (2,162,532
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

    11,051,320       11,191,720       12,803,764       11,671,554       10,049,080       1,447,368       2,210,737       2,005,646       291,383  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest income

    866,465       1,308,542       1,992,818       2,362,632       2,341,631       337,265       596,120       648,773       94,255  

Interest expense

    (107,857     (447,084     (628,571     (1,041,394     (1,157,562     (166,724     (268,389     (323,366     (46,979

Income (loss) from equity method investments

    (294,229     22,578       (19,943     3,867       (1,025,727     (147,735     (117,092     (76,128     (11,060

Other income (loss), net, including exchange gains or losses

    449,738       140,951       336,338       24,909,964       4,301,785       619,586       231,953       (79,558     (11,558
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

    11,965,437       12,216,707       14,484,406       37,906,623       14,509,207       2,089,760       2,653,329       2,175,367       316,041  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income taxes

    (1,574,159     (1,828,930     (2,231,172     (5,474,377     (2,913,594     (419,645     (674,750     (405,053     (58,847

Net income

    10,391,278       10,387,777       12,253,234       32,432,246       11,595,613       1,670,115       1,978,579       1,770,314       257,194  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Less: Net loss attributable to noncontrolling interests

    (64,750     (162,880     (943,698     (1,231,927     (36,656     (5,280     (8,252     (6,357     (924
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to Baidu, Inc.

    10,456,028       10,550,657       13,196,932       33,664,173       11,632,269       1,675,395       1,986,831       1,776,671       258,118  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

S-16