Baidu, Inc. (BIDU) · 20 Years of Financial statements

Income Statement

Revenue

5

14

5

107

239

123

469

1,201

2,304

3,580

5,277

7,902

10,223

10,152

13,035

14,861

15,425

16,404

19,570

18,489

COGS

3

4

3

31

88

36

169

326

619

1,035

1,895

3,042

4,229

5,077

6,619

7,518

9,025

8,450

10,110

9,558

Gross Profit

2

10

2

76

150

87

299

875

1,685

2,545

3,382

4,860

5,994

5,075

6,417

7,342

6,399

7,954

9,460

8,931

Gross Profit Ratio

48.97%

71.91%

44.21%

70.70%

63.00%

70.70%

63.87%

72.85%

73.13%

71.09%

64.09%

61.50%

58.64%

49.99%

49.22%

49.41%

41.49%

48.49%

48.34%

48.30%

Operating Expenses

4

9

3

42

76

48

139

274

481

771

1,533

2,797

4,197

3,629

4,005

5,086

5,494

5,757

7,807

6,552

R&D Expenses

1

10

19

12

42

109

212

370

678

1,125

1,567

1,461

1,987

2,292

2,634

2,989

3,920

3,486

Selling, G&A Exp.

3

7

3

32

56

37

97

165

269

401

855

1,673

2,630

2,169

2,018

2,794

2,859

2,767

3,886

3,067

General and Admin. Exp.

- -

3

- -

106

192

336

396

382

- -

Selling and Marketing Exp.

- -

296

663

1,337

2,234

1,786

- -

Other Expenses

0

1

- -

COGS and Expenses

6

13

6

74

164

84

308

600

1,100

1,806

3,428

5,840

8,425

8,706

10,623

12,604

14,519

14,207

17,917

16,111

Interest Income

- -

5

7

6

7

10

53

139

216

321

364

337

485

647

870

821

873

934

Interest Expense

- -

0

5

7

6

7

10

53

17

74

101

160

167

248

274

425

475

538

435

Depreciation and Amortization

1

9

25

10

41

67

141

243

438

640

903

1,198

1,806

2,352

3,179

3,480

3,546

- -

EBITDA

(0)

3

(0)

55

116

63

219

693

1,438

2,191

2,552

3,225

7,090

3,458

5,327

7,321

4,179

8,020

6,193

1,951

EBITDA ratio

(9.86)%

19.09%

(9.05)%

50.95%

48.51%

50.95%

46.67%

57.73%

62.40%

61.21%

48.36%

40.81%

69.36%

34.06%

40.87%

49.26%

27.09%

48.89%

31.64%

10.55%

Operating Income

(1)

1

(1)

34

75

39

161

601

1,204

1,774

1,849

2,063

1,797

1,446

2,412

2,257

906

2,197

1,653

2,379

Operating Income ratio

(22.91)%

9.37%

(22.91)%

31.38%

31.37%

31.38%

34.29%

50.02%

52.25%

49.54%

35.04%

26.10%

17.58%

14.24%

18.50%

15.18%

5.87%

13.39%

8.45%

12.87%

Total Other Income Exp.(Gains)

0

6

9

7

10

16

37

147

164

269

4,040

642

859

1,714

(955)

1,341

41

(867)

Income Before Tax

(1)

2

(1)

40

84

45

171

616

1,241

1,920

2,013

2,332

5,838

2,088

3,271

3,970

(49)

3,537

1,694

1,512

Income Before Tax ratio

(21.89)%

10.63%

(21.90)%

36.93%

35.32%

36.93%

36.40%

51.31%

53.85%

53.64%

38.15%

29.51%

57.10%

20.57%

25.10%

26.72%

(0.32)%

21.56%

8.66%

8.18%

Income Tax Expense (Gain)

- -

0

- -

2

(2)

2

17

81

189

253

302

359

843

419

460

689

280

623

501

385

Net Income

(1)

1

(1)

39

86

44

154

535

1,055

1,678

1,738

2,124

5,184

1,674

2,813

4,006

295

3,443

1,608

1,130

Net Income Ratio

(21.89)%

10.22%

(21.90)%

36.02%

36.06%

36.02%

32.77%

44.54%

45.78%

46.88%

32.93%

26.88%

50.71%

16.49%

21.58%

26.96%

1.92%

20.99%

8.21%

6.11%

EPS

(0.01)

0.01

(0.01)

0.12

0.25

0.45

0.63

1.54

3.02

4.79

4.95

6.03

14.70

4.60

8.11

11.43

0.82

10.28

4.50

2.99

EPS Diluted

(0.01)

0.01

(0.01)

0.11

0.25

0.44

0.63

1.53

3.02

4.79

4.94

6.01

14.65

4.58

8.06

11.34

0.80

9.95

4.41

2.97

Weighted Avg. Shares Outs.

102

110

102

333

339

342

346

348

349

350

351

349

347

349

348

335

345

348

Weighted Avg. Shares Outs. Dil.

102

281

102

345

347

348

349

350

352

350

348

350

352

349

346

352

351

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

8

24

112

146

186

348

617

1,181

656

1,907

1,601

2,232

1,534

1,568

1,704

4,016

4,802

5,482

5,793

7,947

Short-Term Investments

- -

11

33

44

56

57

1,597

3,307

4,747

7,059

8,927

11,360

16,558

16,219

16,216

19,365

22,518

18,065

Cash & Short-Term Investments

8

24

112

157

219

392

673

1,238

2,253

5,214

6,348

9,291

10,461

12,928

18,262

20,235

21,018

24,847

28,311

26,012

Net Receivables

0

1

3

4

14

17

32

65

119

201

501

701

988

959

4,456

1,323

1,647

1,775

2,331

2,566

Inventory

- -

232

- -

Other Current Assets

0

1

2

3

9

4

30

146

150

259

615

599

468

517

977

1,109

1,466

2,659

3,243

Total Current Assets

8

26

116

164

236

418

709

1,332

2,518

5,565

7,108

10,607

12,048

14,355

23,235

22,535

23,775

28,088

33,533

31,821

PP&E

1

4

12

25

93

116

146

246

436

624

887

1,402

1,637

1,625

1,917

2,601

3,682

4,184

5,516

5,134

Goodwill

- -

1

6

7

9

10

384

622

2,786

2,806

2,371

2,208

2,429

2,693

2,621

3,408

3,554

3,360

Intangible Assets

- -

2

6

19

18

148

255

600

576

514

557

840

1,334

1,133

2,300

3,128

3,154

Goodwill and Intangible Assets

- -

2

3

12

26

27

532

877

3,386

3,382

2,884

2,765

3,270

4,027

3,753

5,708

6,681

6,514

Investments

- -

0

- -

2

44

117

129

105

464

5,846

6,575

8,651

11,690

9,967

11,679

10,585

11,799

Tax Assets

- -

0

1

2

4

5

8

9

16

42

155

158

235

338

315

256

373

318

Other Non-Current Assets

- -

0

10

13

4

12

22

98

126

225

159

200

711

1,383

2,045

1,776

1,055

3,053

2,864

Total Non-Current Assets

1

6

25

50

127

159

193

344

1,191

1,765

4,618

5,449

10,721

11,834

15,456

20,701

19,494

22,883

26,208

26,629

Other Assets

- -

Total Assets

9

32

141

214

364

577

902

1,676

3,709

7,330

11,727

16,055

22,769

26,189

38,691

43,236

43,269

50,971

59,741

58,450

Accounts Payable

- -

72

611

1,216

2,089

2,716

4,123

4,230

5,141

4,696

- -

6,506

5,683

Short-Term Debt

- -

30

354

64

373

173

2,382

1,192

1,453

1,559

2,690

2,757

3,492

Tax Payable

- -

1

5

8

12

22

45

- -

68

71

101

51

114

349

340

447

579

696

- -

Deferred Revenue

1

10

19

37

62

95

173

266

391

616

1,082

1,368

1,361

1,419

1,563

1,828

2,080

2,318

1,972

Other Current Liabilities

1

6

15

41

50

88

170

333

(102)

(145)

(379)

(288)

(1,347)

5,422

(237)

(291)

5,128

(567)

758

Total Current Liabilities

2

7

16

39

86

125

205

387

700

1,322

1,823

3,266

4,020

6,634

12,612

8,261

8,240

10,477

11,710

11,905

Long-Term Debt

- -

1

13

367

1,563

2,853

3,795

5,228

4,960

5,504

7,977

9,000

9,962

11,628

10,165

Deferred Revenue

- -

0

- -

1

3

30

62

6

3

4

11

198

147

120

55

73

Deferred Tax Liabilities

- -

21

46

198

184

530

516

519

596

470

517

433

Other Non-Current Liabilities

11

26

- -

1

0

- -

24

- -

73

23

19

9

6

668

595

552

627

322

Total Non-Current Liabilities

11

26

0

1

0

- -

1

14

414

1,640

3,186

4,009

5,780

5,490

6,040

9,439

10,213

11,104

12,827

10,994

Other Liabilities

0

- -

Capital Lease Obligations

- -

8

12

14

17

8

1

- -

972

1,081

1,325

1,139

Total Liabilities

13

32

16

40

87

125

206

401

1,115

2,962

5,009

7,275

9,800

12,124

18,652

17,700

18,453

21,581

24,536

22,899

Preferred Stock

- -

Common Stock

- -

0

- -

Retained Earnings

(7)

(6)

0

39

128

290

504

1,057

2,162

3,858

5,704

7,678

11,498

12,337

15,728

18,779

18,132

20,726

22,819

- -

Other Compreh. Income(Loss)

(1)

0

(1)

(4)

(11)

(16)

(17)

(18)

(13)

139

37

(124)

(257)

143

31

(199)

30

(1)

- -

Other Total Stockhold. Equity

4

5

125

139

160

179

209

236

282

336

505

585

986

1,198

1,858

4,859

5,559

7,233

10,423

- -

Total Stockholders Equity

(4)

(0)

125

174

277

453

696

1,275

2,430

4,182

6,348

8,301

12,359

13,278

17,729

23,669

23,493

27,989

33,241

33,410

Total Liab.&Stockhold. Equity

9

32

141

214

364

577

902

1,676

3,545

7,144

11,357

15,575

22,160

25,402

36,381

41,369

41,946

49,570

57,777

56,309

Minority Interest

- -

Total Liabilities & Equity

9

32

141

214

364

577

902

1,676

3,545

7,144

11,357

15,575

22,160

25,402

36,381

41,369

41,946

49,570

57,777

56,309

SEC Link

Link

Cash Flow Statement

Net Income

(1)

1

(1)

39

86

44

154

535

1,052

1,668

1,711

1,972

4,995

1,669

2,811

3,281

(329)

2,915

1,193

- -

Depreciation and Amortization

1

9

25

10

41

67

141

243

438

640

903

1,198

1,806

2,352

3,179

3,480

3,546

- -

Deferred Income Tax

- -

(1)

(0)

(2)

(11)

(10)

(9)

55

(112)

348

(2)

(116)

(111)

(100)

18

(71)

- -

Stock Based Compensation

- -

1

6

5

7

12

14

24

34

85

155

214

253

499

679

808

1,031

1,109

- -

Change in Working Capital

1

2

1

14

4

49

113

94

125

160

523

653

811

1,011

477

(960)

(2,789)

(2,938)

- -

Accounts Receivable

- -

(0)

(6)

(0)

(5)

(19)

(45)

(54)

(128)

(236)

(134)

(34)

(111)

(234)

(255)

(254)

(337)

- -

Inventory

- -

Accounts Payable

- -

125

331

810

1,106

534

784

595

(237)

32

1,123

- -

Other Working Capital

- -

1

9

10

(2)

37

18

(49)

129

171

210

22

95

164

123

212

135

93

- -

Other Non-Cash Items

1

2

- -

(0)

(1)

(0)

1

(5)

(1)

(136)

(170)

(289)

(4,120)

(727)

(956)

(1,453)

1,488

(946)

323

3,912

Cash Provided by Operating Activities

2

7

2

67

128

65

256

713

1,300

1,925

2,279

2,890

2,991

3,203

5,054

5,226

4,087

3,707

3,163

3,912

CAPEX

(1)

(3)

(1)

(19)

(80)

(24)

(70)

(148)

(372)

(412)

(608)

(1,030)

(1,197)

(1,512)

(2,144)

(3,249)

(2,746)

(817)

(1,767)

- -

Acquisitions Net

- -

(1)

- -

(6)

(2)

(6)

- -

(309)

(132)

(2,224)

(53)

(597)

40

137

524

(208)

(442)

(1,931)

- -

Purchases of Investments

- -

(11)

(16)

- -

(112)

(440)

(1,821)

(5,329)

(13,995)

(21,776)

(28,075)

(34,960)

(48,637)

(49,118)

(49,496)

(45,450)

(31,518)

- -

Sales/Maturities of Investments

- -

85

404

238

3,664

12,970

19,236

25,046

31,885

42,426

45,969

49,577

42,349

30,261

- -

Other Investing Activities

(0)

(5)

(2)

(6)

(3)

(2)

(75)

(35)

(147)

(249)

(382)

(1,525)

(5,009)

(1,095)

(1,818)

101

(43)

(590)

Cash Used for Investing Activities

(1)

(5)

(1)

(38)

(98)

(31)

(97)

(185)

(2,264)

(2,207)

(3,853)

(3,620)

(4,816)

(5,168)

(11,825)

(5,007)

(2,868)

(4,221)

(4,943)

(590)

Debt Repayment

- -

(47)

(368)

(68)

(357)

(437)

(1,821)

(3,113)

(1,471)

(1,481)

(2,420)

- -

Common Stock Issued

0

15

- -

16

231

298

543

95

622

2,280

58

714

3,232

- -

Common Stock Repurchased

- -

(10)

- -

(982)

- -

(265)

(481)

(712)

(2,000)

(1,192)

- -

Dividends Paid

- -

(54)

- -

Other Financing Activities

- -

0

4

6

5

19

385

1,558

1,383

1,212

1,993

2,421

8,313

3,506

1,570

3,634

4,058

(955)

Cash Used/Provided by Financing Activities

0

15

0

4

6

5

(5)

19

385

1,528

1,246

1,387

1,198

2,079

6,848

2,191

(556)

868

3,678

(955)

Effect of Forex Changes on Cash

- -

(4)

(7)

(4)

(6)

(1)

(2)

(33)

13

28

21

(49)

276

0

(32)

(148)

258

Net Change In Cash

1

17

1

30

29

35

148

546

(581)

1,244

(362)

670

(599)

135

29

2,687

662

322

1,750

2,626

Cash at the End of Period

8

24

8

146

185

167

346

1,181

656

1,907

1,601

2,232

1,534

1,568

1,704

4,334

4,945

5,598

7,494

9,753

Cash at the Beginning of Period

7

8

7

115

156

132

198

634

1,237

662

1,963

1,561

2,133

1,433

1,675

1,647

4,283

5,276

5,744

7,127

Free Cash Flow

1

4

1

48

40

186

565

927

1,513

1,670

1,859

1,794

1,691

2,909

1,977

1,341

2,891

1,396

3,912

SEC Link

Link

Forex Rate

0.12

0.13

0.14

0.15

0.16

0.17

0.16

0.15

0.14

0.15

0.14

0.15

0.16

0.15

Powered by AI

Baidu, Inc.

135.20