6-K
BAIDU, INC. filed this Form 6-K on 10/27/2017
Entire Document
 


Baidu, Inc.

Condensed Consolidated Statements of Income

 

     Three Months Ended  
     September 30,     June 30,     September 30,  

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

   2016     2017     2017  
     Unaudited     Unaudited     Unaudited  

Revenues:

      

Online marketing services

     16,490       17,883       20,108  

Other services

     1,763       2,991       3,381  
  

 

 

   

 

 

   

 

 

 

Total revenues

     18,253       20,874       23,489  
  

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

      

Cost of revenues (note 1, 2)

     (9,256     (10,582     (11,801

Selling, general and administrative (note 2)

     (3,596     (2,934     (3,746

Research and development (note 2)

     (2,614     (3,148     (3,242
  

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (15,466     (16,664     (18,789
  

 

 

   

 

 

   

 

 

 

Operating profit

     2,787       4,210       4,700  
  

 

 

   

 

 

   

 

 

 

Other income:

      

Interest income

     627       712       876  

Interest expense

     (320     (334     (557

Foreign exchange income(loss), net

     20       (139     (130

Loss from equity method investments

     (248     (118     (73

Other income, net

     1,272       643       4,229  
  

 

 

   

 

 

   

 

 

 

Total other income

     1,351       764       4,345  
  

 

 

   

 

 

   

 

 

 

Income before income taxes

     4,138       4,974       9,045  
  

 

 

   

 

 

   

 

 

 

Income taxes

     (1,045     (564     (1,097

Net income

     3,093       4,410       7,948  
  

 

 

   

 

 

   

 

 

 

Less: net loss attributable to noncontrolling interests

     (9     (5     (1

Net income attributable to Baidu

     3,102       4,415       7,949  
  

 

 

   

 

 

   

 

 

 

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

      

Net income attributable to Baidu -Basic

     85.27       113.58       242.48  

Net income attributable to Baidu -Diluted

     85.06       113.11       240.49  

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

      

Net income attributable to Baidu -Basic

     8.53       11.36       24.25  

Net income attributable to Baidu -Diluted

     8.51       11.31       24.05  

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

      

Basic

     34,678,734       34,678,268       34,703,924  

Diluted

     34,764,579       34,824,387       34,991,177  

(1) Cost of revenues are detailed as follows:

      

Sales tax and surcharges

     (1,221     (1,509     (1,700

Traffic acquisition costs

     (2,594     (2,478     (2,476

Bandwidth costs

     (1,241     (1,382     (1,440

Depreciation costs

     (802     (828     (852

Operational costs

     (1,159     (1,225     (1,383

Content costs

     (2,211     (3,112     (3,897

Share-based compensation expenses

     (28     (48     (53
  

 

 

   

 

 

   

 

 

 

Total cost of revenues

     (9,256     (10,582     (11,801
  

 

 

   

 

 

   

 

 

 

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

      

Cost of revenues

     (28     (48     (53

Selling, general and administrative

     (117     (236     (252

Research and development

     (273     (512     (536
  

 

 

   

 

 

   

 

 

 

Total share-based compensation expenses

     (418     (796     (841