6-K
BAIDU, INC. filed this Form 6-K on 07/28/2017
Entire Document
 


Baidu, Inc.

Condensed Consolidated Statements of Income

 

     Three Months Ended  
     June 30,     March 31,     June 30,  

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

   2016     2017     2017  
     Unaudited     Unaudited     Unaudited  

Revenues:

      

Online marketing services

     16,939       14,738       17,883  

Other services

     1,325       2,153       2,991  
  

 

 

   

 

 

   

 

 

 

Total revenues

     18,264       16,891       20,874  
  

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

      

Cost of revenues (note 1, 2)

     (8,738     (9,233     (10,582

Selling, general and administrative (note 2)

     (4,195     (2,817     (2,934

Research and development (note 2)

     (2,465     (2,835     (3,148
  

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (15,398     (14,885     (16,664
  

 

 

   

 

 

   

 

 

 

Operating profit

     2,866       2,006       4,210  
  

 

 

   

 

 

   

 

 

 

Other income:

      

Interest income

     487       649       712  

Interest expense

     (275     (323     (334

Foreign exchange income(loss), net

     244       (101     (139

Loss from equity method investments

     (555     (76     (118

Other income, net

     429       21       643  
  

 

 

   

 

 

   

 

 

 

Total other income

     330       170       764  
  

 

 

   

 

 

   

 

 

 

Income before income taxes

     3,196       2,176       4,974  
  

 

 

   

 

 

   

 

 

 

Income taxes

     (793     (405     (564

Net income

     2,403       1,771       4,410  
  

 

 

   

 

 

   

 

 

 

Less: net loss attributable to noncontrolling interests

     (11     (6     (5

Net income attributable to Baidu

     2,414       1,777       4,415  
  

 

 

   

 

 

   

 

 

 

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

 

   

Net income attributable to Baidu -Basic

     65.87       46.47       113.58  

Net income attributable to Baidu -Diluted

     65.69       46.29       113.11  

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

 

   

Net income attributable to Baidu -Basic

     6.59       4.65       11.36  

Net income attributable to Baidu -Diluted

     6.57       4.63       11.31  

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

 

 

Basic

     34,652,134       34,734,019       34,678,268  

Diluted

     34,747,303       34,869,783       34,824,387  

(1) Cost of revenues are detailed as follows:

      

Sales tax and surcharges

     (1,212     (1,258     (1,509

Traffic acquisition costs

     (2,908     (2,185     (2,478

Bandwidth costs

     (1,152     (1,336     (1,382

Depreciation costs

     (754     (823     (828

Operational costs

     (993     (959     (1,225

Content costs

     (1,699     (2,636     (3,112

Share-based compensation expenses

     (20     (36     (48
  

 

 

   

 

 

   

 

 

 

Total cost of revenues

     (8,738     (9,233     (10,582
  

 

 

   

 

 

   

 

 

 

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

 

   

Cost of revenues

     (20     (36     (48

Selling, general and administrative

     (94     (187     (236

Research and development

     (287     (407     (512
  

 

 

   

 

 

   

 

 

 

Total share-based compensation expenses

     (401     (630     (796