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


Table of Contents

BAIDU, INC.

NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

13. CONTINGENCIES

Litigation

The Group was involved in certain cases pending in various PRC and Brazilian courts as of March 31, 2017. These cases include copyright infringement cases, unfair competition cases, and defamation cases, among others. Adverse results in these lawsuits may include awards of damages and may also result in, or even compel, a change in the Company’s business practices, which could result in a loss of revenue or otherwise harm the business of the Company.

For many proceedings, the Company is currently unable to estimate the reasonably possible loss or a range of reasonably possible losses as the proceedings are in the early stages, and/or there is a lack of clear or consistent interpretation of laws specific to the industry-specific complaints among different jurisdictions. As a result, there is considerable uncertainty regarding the timing or ultimate resolution of such matters, which includes eventual loss, fine, penalty or business impact, if any, and therefore, an estimate for the reasonably possible loss or a range of reasonably possible losses cannot be made. However, the Company believes that such matters, individually and in the aggregate, when finally resolved, are not reasonably likely to have a material adverse effect on the Company’s consolidated results of operations, financial position and cash flows. With respect to the limited number of proceedings for which the Company was able to estimate the reasonably possible losses or the range of reasonably possible losses, such estimated loss amounts were insignificant.

 

14. EARNINGS PER SHARE (“EPS”)

A reconciliation of net income attributable to Baidu, Inc. in the unaudited interim condensed consolidated statements of comprehensive income to the numerator for the computation of basic and diluted earnings per share for the three-month periods ended March 31, 2016 and 2017 is as follows:

 

     For the three months ended  
     March 31,
2016
     March 31,
2017
     March 31,
2017
 
     RMB      RMB      US$  
     (In thousands)  
     (unaudited)  

Net income attributable to Baidu, Inc.

     1,986,831        1,776,671        258,118  

Accretion of the redeemable non-controlling interests

     (120,371      (162,435      (23,599
  

 

 

    

 

 

    

 

 

 

Numerator for EPS computation

     1,866,460        1,614,236        234,519  
  

 

 

    

 

 

    

 

 

 

 

 

F-31