424B5
BAIDU, INC. filed this Form 424B5 on 06/26/2017
Entire Document
 


Table of Contents

BAIDU, INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Amounts in thousands of Renminbi (“RMB”), and in thousands of U.S. Dollars (“US$”), except for number of shares and per share (or ADS) data)

 

     For the three months ended  
     March 31,
2016
    March 31,
2017
    March 31,
2017
 
     RMB     RMB     US$  
     Unaudited     Unaudited     Unaudited  

Revenues:

      

Online marketing services

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

Others

     890,042       2,153,007       312,792  
  

 

 

   

 

 

   

 

 

 

Total revenues

     15,820,572       16,890,785       2,453,915  
  

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

      

Cost of revenues

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

Selling, general and administrative

     (3,945,944     (2,817,058     (409,266

Research and development

     (2,100,707     (2,834,825     (411,847
  

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (13,609,835     (14,885,139     (2,162,532
  

 

 

   

 

 

   

 

 

 

Operating profit

     2,210,737       2,005,646       291,383  
  

 

 

   

 

 

   

 

 

 

Other income:

      

Interest income

     596,120       648,773       94,255  

Interest expense

     (268,389     (323,366     (46,979

Foreign exchange loss, net

     (66,166     (101,396     (14,731

Loss from equity method investments

     (117,092     (76,128     (11,060

Others, net

     298,119       21,838       3,173  
  

 

 

   

 

 

   

 

 

 

Total other income, net

     442,592       169,721       24,658  
  

 

 

   

 

 

   

 

 

 

Income before income taxes

     2,653,329       2,175,367       316,041  
  

 

 

   

 

 

   

 

 

 

Income taxes

     (674,750     (405,053     (58,847

Net income

     1,978,579       1,770,314       257,194  
  

 

 

   

 

 

   

 

 

 

Net loss attributable to noncontrolling interests

     8,252       6,357       924  

Net income attributable to Baidu, Inc.

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

 

 

   

 

 

   

 

 

 

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

      

Basic

     53.95       46.47       6.75  

Diluted

     53.82       46.29       6.73  

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

      

Basic

     5.40       4.65       0.68  

Diluted

     5.38       4.63       0.67  

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

      

Basic

     34,599,297       34,734,019       34,734,019  

Diluted

     34,681,988       34,869,783       34,869,783  

Other comprehensive income (loss), net of tax

      

Foreign currency translation adjustment

     (12,813     168,670       24,505  

Unrealized gains (losses) on available-for-sale investments, net of reclassification

     (168,622     116,737       16,960  
  

 

 

   

 

 

   

 

 

 

Other comprehensive (loss) income, net of tax

     (181,435     285,407       41,465  
  

 

 

   

 

 

   

 

 

 

Comprehensive income

     1,797,144       2,055,721       298,659  
  

 

 

   

 

 

   

 

 

 

Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests

     28,666       43,291       6,289  
  

 

 

   

 

 

   

 

 

 

Comprehensive income attributable to Baidu, Inc.

     1,825,810       2,099,012       304,948  
  

 

 

   

 

 

   

 

 

 

The accompanying notes are an integral part of the unaudited interim condensed consolidated financial statements.

 

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