6-K
BAIDU, INC. filed this Form 6-K on 02/14/2018
Entire Document
 


Baidu, Inc.     

Condensed Consolidated Statements of Income    

 

     Three Months Ended     Twelve Months Ended  
     December 31,     September 30,     December 31,     December 31,     December 31,  

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

   2016     2017     2017     2016     2017  
     Unaudited     Unaudited     Unaudited     Audited     Unaudited  

Revenues:

          

Online marketing services

     16,166       20,108       20,418       64,525       73,146  

Other services

     2,046       3,381       3,138       6,024       11,663  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

     18,212       23,489       23,556       70,549       84,809  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating costs and expenses:

          

Cost of revenues (note 1, 2)

     (9,721     (11,801     (11,446     (35,278     (43,062

Selling, general and administrative (note 2)

     (3,334     (3,746     (3,632     (15,071     (13,128

Research and development (note 2)

     (2,972     (3,242     (3,704     (10,151     (12,928
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating costs and expenses

     (16,027     (18,789     (18,782     (60,500     (69,118
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     2,185       4,700       4,774       10,049       15,691  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other income:

          

Interest income

     631       876       917       2,342       3,154  

Interest expense

     (294     (557     (400     (1,158     (1,615

Foreign exchange income(loss), net

     310       (130     (113     508       (482

Loss from equity method investments

     (106     (73     204       (1,026     (63

Other income (loss), net

     1,796       4,229       (294     3,794       4,598  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total other income

     2,337       4,345       314       4,460       5,592  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     4,522       9,045       5,088       14,509       21,283  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income taxes

     (401     (1,097     (929     (2,913     (2,995

Net income

     4,121       7,948       4,159       11,596       18,288  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Less: net loss attributable to noncontrolling interests

     (8     (1     —         (36     (13

Net income attributable to Baidu

     4,129       7,949       4,159       11,632       18,301  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

          

Basic

     114.32       242.48       125.02       319.47       527.51  

Diluted

     113.98       240.49       123.81       318.62       524.08  

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

          

Basic

     11.43       24.25       12.50       31.95       52.75  

Diluted

     11.40       24.05       12.38       31.86       52.41  

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

          

Basic

     34,712,363       34,703,924       34,783,969       34,665,238       34,725,123  

Diluted

     34,816,049       34,991,177       35,123,903       34,757,086       34,952,391  

(1) Cost of revenues are detailed as follows:

          

Sales tax and surcharges

     (1,239     (1,700     (1,713     (4,717     (6,181

Traffic acquisition costs

     (2,636     (2,476     (2,518     (10,373     (9,657

Bandwidth costs

     (1,235     (1,440     (1,400     (4,716     (5,558

Depreciation costs

     (812     (852     (885     (3,075     (3,388

Operational costs

     (1,186     (1,383     (1,130     (4,430     (4,697

Content costs

     (2,571     (3,897     (3,754     (7,864     (13,398

Share-based compensation expenses

     (42     (53     (46     (103     (183
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total cost of revenues

     (9,721     (11,801     (11,446     (35,278     (43,062
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

          

Cost of revenues

     (42     (53     (46     (103     (183

Selling, general and administrative

     (114     (252     (298     (429     (973

Research and development

     (476     (536     (633     (1,228     (2,088
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total share-based compensation expenses

     (632     (841     (977     (1,760     (3,244