Baidu Inc
NASDAQ:BIDU
Income Statement
Earnings Waterfall
Baidu Inc
Revenue
|
134.6B
CNY
|
Cost of Revenue
|
-65B
CNY
|
Gross Profit
|
69.6B
CNY
|
Operating Expenses
|
-47.7B
CNY
|
Operating Income
|
21.9B
CNY
|
Other Expenses
|
-2.3B
CNY
|
Net Income
|
19.6B
CNY
|
Income Statement
Baidu Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
31 945
N/A
|
35 473
+11%
|
39 898
+12%
|
44 526
+12%
|
49 052
+10%
|
52 281
+7%
|
56 870
+9%
|
61 733
+9%
|
66 382
+8%
|
69 478
+5%
|
71 167
+2%
|
71 037
0%
|
70 549
-1%
|
71 620
+2%
|
74 230
+4%
|
79 466
+7%
|
84 809
+7%
|
88 825
+5%
|
93 923
+6%
|
98 637
+5%
|
102 277
+4%
|
105 493
+3%
|
105 847
+0%
|
105 724
0%
|
107 413
+2%
|
105 835
-1%
|
105 543
0%
|
105 695
+0%
|
107 074
+1%
|
112 663
+5%
|
117 979
+5%
|
121 668
+3%
|
124 493
+2%
|
124 770
+0%
|
123 067
-1%
|
123 686
+1%
|
123 675
0%
|
126 408
+2%
|
130 817
+3%
|
132 724
+1%
|
134 598
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(11 471)
|
(13 209)
|
(15 113)
|
(17 102)
|
(18 885)
|
(20 373)
|
(22 335)
|
(24 747)
|
(27 458)
|
(29 695)
|
(31 930)
|
(33 706)
|
(35 279)
|
(36 949)
|
(38 793)
|
(41 338)
|
(43 062)
|
(43 732)
|
(45 162)
|
(47 579)
|
(51 744)
|
(56 680)
|
(60 784)
|
(62 944)
|
(62 850)
|
(62 698)
|
(59 716)
|
(56 153)
|
(38 384)
|
(55 473)
|
(58 236)
|
(61 547)
|
(54 208)
|
(64 858)
|
(64 132)
|
(64 279)
|
(56 134)
|
(63 541)
|
(64 537)
|
(64 558)
|
(65 031)
|
|
Gross Profit |
20 472
N/A
|
22 262
+9%
|
24 782
+11%
|
27 420
+11%
|
30 167
+10%
|
31 906
+6%
|
34 534
+8%
|
36 987
+7%
|
38 924
+5%
|
39 782
+2%
|
39 236
-1%
|
37 328
-5%
|
35 270
-6%
|
34 671
-2%
|
35 437
+2%
|
38 129
+8%
|
41 747
+9%
|
45 093
+8%
|
48 761
+8%
|
51 058
+5%
|
50 533
-1%
|
48 813
-3%
|
45 063
-8%
|
42 780
-5%
|
44 563
+4%
|
43 137
-3%
|
45 827
+6%
|
49 542
+8%
|
68 690
+39%
|
57 190
-17%
|
59 743
+4%
|
60 121
+1%
|
70 285
+17%
|
59 912
-15%
|
58 935
-2%
|
59 407
+1%
|
67 541
+14%
|
62 867
-7%
|
66 280
+5%
|
68 166
+3%
|
69 567
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(9 281)
|
(10 908)
|
(12 775)
|
(14 832)
|
(17 364)
|
(19 322)
|
(22 038)
|
(25 897)
|
(27 252)
|
(28 056)
|
(28 112)
|
(25 931)
|
(25 221)
|
(24 826)
|
(24 249)
|
(25 027)
|
(26 056)
|
(26 840)
|
(29 296)
|
(31 865)
|
(35 003)
|
(33 287)
|
(35 619)
|
(40 516)
|
(38 256)
|
(37 132)
|
(36 411)
|
(36 325)
|
(53 195)
|
(39 624)
|
(42 358)
|
(46 584)
|
(59 761)
|
(49 582)
|
(48 668)
|
(46 131)
|
(51 629)
|
(44 577)
|
(46 180)
|
(47 109)
|
(47 711)
|
|
Selling, General & Administrative |
(5 173)
|
(6 334)
|
(7 405)
|
(8 721)
|
(10 382)
|
(11 330)
|
(13 071)
|
(16 073)
|
(17 076)
|
(18 066)
|
(18 370)
|
(16 264)
|
(15 071)
|
(13 941)
|
(12 681)
|
(12 831)
|
(13 128)
|
(13 453)
|
(15 024)
|
(16 919)
|
(19 231)
|
(22 143)
|
(22 881)
|
(21 897)
|
(19 910)
|
(17 708)
|
(16 882)
|
(16 925)
|
(18 063)
|
(19 456)
|
(20 746)
|
(23 366)
|
(24 723)
|
(24 134)
|
(23 211)
|
(21 084)
|
(20 514)
|
(21 447)
|
(22 961)
|
(23 546)
|
(23 519)
|
|
Research & Development |
(4 108)
|
(4 574)
|
(5 369)
|
(6 110)
|
(6 981)
|
(7 991)
|
(8 967)
|
(9 825)
|
(10 176)
|
(9 991)
|
(9 743)
|
(9 667)
|
(10 151)
|
(10 886)
|
(11 569)
|
(12 197)
|
(12 928)
|
(13 387)
|
(14 272)
|
(14 946)
|
(15 772)
|
(16 644)
|
(17 345)
|
(18 119)
|
(18 346)
|
(18 623)
|
(18 728)
|
(18 599)
|
(19 513)
|
(20 168)
|
(21 612)
|
(23 218)
|
(24 938)
|
(25 448)
|
(25 457)
|
(25 047)
|
(23 315)
|
(23 130)
|
(23 219)
|
(23 563)
|
(24 192)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15 619)
|
0
|
0
|
0
|
(10 100)
|
0
|
0
|
0
|
(7 800)
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5 500
|
4 607
|
(500)
|
0
|
(801)
|
(801)
|
(801)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
11 192
N/A
|
11 356
+1%
|
12 010
+6%
|
12 592
+5%
|
12 804
+2%
|
12 585
-2%
|
12 497
-1%
|
11 089
-11%
|
11 672
+5%
|
11 728
+0%
|
11 124
-5%
|
11 399
+2%
|
10 049
-12%
|
9 844
-2%
|
11 188
+14%
|
13 101
+17%
|
15 691
+20%
|
18 253
+16%
|
19 465
+7%
|
19 193
-1%
|
15 530
-19%
|
15 526
0%
|
9 444
-39%
|
2 264
-76%
|
6 307
+179%
|
6 005
-5%
|
9 416
+57%
|
13 217
+40%
|
15 495
+17%
|
17 566
+13%
|
17 385
-1%
|
13 537
-22%
|
10 524
-22%
|
10 330
-2%
|
10 267
-1%
|
13 276
+29%
|
15 912
+20%
|
18 290
+15%
|
20 100
+10%
|
21 057
+5%
|
21 856
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
807
|
1 017
|
1 109
|
1 184
|
1 420
|
1 394
|
1 484
|
1 518
|
1 507
|
1 287
|
786
|
526
|
667
|
670
|
890
|
927
|
994
|
1 090
|
1 472
|
2 500
|
2 367
|
1 329
|
1 871
|
926
|
1 813
|
3 380
|
1 150
|
676
|
11 070
|
(1 011)
|
631
|
1 491
|
4 398
|
1 208
|
603
|
(269)
|
3 838
|
570
|
2 642
|
3 734
|
1 755
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
893
|
6 000
|
5 500
|
0
|
0
|
0
|
(9 701)
|
0
|
0
|
0
|
(3 455)
|
0
|
0
|
0
|
(4 306)
|
0
|
0
|
0
|
(3 001)
|
0
|
0
|
0
|
(815)
|
|
Total Other Income |
185
|
257
|
297
|
280
|
261
|
274
|
349
|
530
|
24 728
|
24 935
|
25 221
|
26 292
|
3 793
|
3 518
|
3 733
|
6 690
|
4 598
|
6 432
|
5 127
|
3 668
|
3 928
|
3 766
|
4 621
|
(7 832)
|
1 241
|
(11 169)
|
(9 811)
|
9 041
|
(20)
|
34 581
|
30 143
|
(1 105)
|
162
|
(27 686)
|
(24 500)
|
(6 904)
|
(6 637)
|
(813)
|
(1 667)
|
3 916
|
2 402
|
|
Pre-Tax Income |
12 185
N/A
|
12 630
+4%
|
13 416
+6%
|
14 056
+5%
|
14 484
+3%
|
14 253
-2%
|
14 330
+1%
|
13 137
-8%
|
37 907
+189%
|
37 951
+0%
|
37 132
-2%
|
38 218
+3%
|
14 509
-62%
|
14 031
-3%
|
15 810
+13%
|
20 717
+31%
|
21 283
+3%
|
25 776
+21%
|
26 958
+5%
|
31 362
+16%
|
27 325
-13%
|
20 621
-25%
|
15 936
-23%
|
(4 642)
N/A
|
(340)
+93%
|
(1 784)
-425%
|
755
N/A
|
22 934
+2 938%
|
23 090
+1%
|
51 136
+121%
|
48 159
-6%
|
13 923
-71%
|
10 778
-23%
|
(16 148)
N/A
|
(13 630)
+16%
|
6 103
N/A
|
10 112
+66%
|
18 047
+78%
|
21 075
+17%
|
28 707
+36%
|
25 198
-12%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 829)
|
(1 870)
|
(1 963)
|
(2 032)
|
(2 231)
|
(2 342)
|
(2 499)
|
(2 433)
|
(5 474)
|
(5 609)
|
(5 639)
|
(6 093)
|
(2 914)
|
(2 644)
|
(2 415)
|
(2 467)
|
(2 995)
|
(3 710)
|
(4 232)
|
(5 188)
|
(4 743)
|
(3 917)
|
(3 247)
|
(2 128)
|
(1 948)
|
(1 852)
|
(2 658)
|
(3 342)
|
(4 064)
|
(5 400)
|
(6 375)
|
(2 918)
|
(3 187)
|
(2 044)
|
128
|
(2 619)
|
(2 578)
|
(3 380)
|
(4 625)
|
(4 999)
|
(3 649)
|
|
Income from Continuing Operations |
10 355
|
10 758
|
11 452
|
12 024
|
12 253
|
11 911
|
11 830
|
10 703
|
32 432
|
32 343
|
31 495
|
32 127
|
11 596
|
11 388
|
13 395
|
18 250
|
18 288
|
22 066
|
22 726
|
26 174
|
22 582
|
16 704
|
12 689
|
(6 770)
|
(2 288)
|
(3 636)
|
(1 903)
|
19 592
|
19 026
|
45 736
|
41 784
|
11 005
|
7 591
|
(18 192)
|
(13 502)
|
3 484
|
7 534
|
14 667
|
16 450
|
23 708
|
21 549
|
|
Income to Minority Interest |
132
|
221
|
430
|
686
|
891
|
1 147
|
1 343
|
1 435
|
903
|
530
|
130
|
(241)
|
(521)
|
(524)
|
(530)
|
(538)
|
30
|
1 170
|
2 497
|
3 496
|
4 861
|
3 718
|
3 743
|
4 433
|
4 268
|
5 984
|
5 372
|
3 928
|
3 358
|
2 260
|
2 096
|
2 638
|
2 285
|
1 530
|
1 060
|
487
|
(566)
|
(989)
|
(1 199)
|
(1 630)
|
(1 951)
|
|
Net Income (Common) |
10 487
N/A
|
10 979
+5%
|
11 882
+8%
|
12 710
+7%
|
13 144
+3%
|
13 058
-1%
|
13 173
+1%
|
12 138
-8%
|
33 335
+175%
|
32 873
-1%
|
31 625
-4%
|
31 886
+1%
|
11 074
-65%
|
10 864
-2%
|
12 865
+18%
|
17 712
+38%
|
18 318
+3%
|
23 235
+27%
|
25 222
+9%
|
29 669
+18%
|
27 443
-8%
|
20 422
-26%
|
16 432
-20%
|
(2 337)
N/A
|
1 980
N/A
|
2 348
+19%
|
3 469
+48%
|
23 520
+578%
|
22 384
-5%
|
47 996
+114%
|
43 880
-9%
|
13 643
-69%
|
9 876
-28%
|
(16 662)
N/A
|
(12 442)
+25%
|
3 971
N/A
|
6 968
+75%
|
13 678
+96%
|
15 251
+12%
|
22 078
+45%
|
19 598
-11%
|
|
EPS (Diluted) |
3.74
N/A
|
3.91
+5%
|
4.23
+8%
|
4.52
+7%
|
4.67
+3%
|
4.64
-1%
|
4.68
+1%
|
4.34
-7%
|
11.89
+174%
|
11.84
0%
|
11.36
-4%
|
11.46
+1%
|
3.98
-65%
|
3.91
-2%
|
4.62
+18%
|
6.34
+37%
|
6.55
+3%
|
8.26
+26%
|
8.95
+8%
|
10.54
+18%
|
9.75
-7%
|
7.3
-25%
|
5.85
-20%
|
-0.85
N/A
|
0.7
N/A
|
0.83
+19%
|
1.25
+51%
|
8.56
+585%
|
8.12
-5%
|
17.28
+113%
|
15.77
-9%
|
4.93
-69%
|
3.51
-29%
|
-6.02
N/A
|
-4.42
+27%
|
1.42
N/A
|
2.48
+75%
|
4.82
+94%
|
5.37
+11%
|
7.77
+45%
|
6.91
-11%
|