Baidu Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2022	FY 2020	FY 2019	FY 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Cash & Equivalents	24,831	64,486	36,540	34,439	29,827
Short-Term Investments	90,661	120,839	126,402	112,924	111,916
Cash & Short-Term Investments	115,492	185,325	162,942	147,363	141,743
Cash Growth	-37.68%	13.74%	10.57%	3.96%	19.05%
Accounts Receivable	12,972	11,733	8,668	7,416	6,015
Other Receivables	761	5,432	726	1,594	785
Total Trade Receivables	13,733	17,165	9,394	9,010	6,800
Other Current Assets	22,745	10,360	11,006	9,189	6,841
Total Current Assets	151,970	212,850	183,342	165,562	155,094
Net Property, Plant & Equipment	34,891	34,338	27,312	25,643	17,903
Other Intangible Assets	24,429	21,097	15,013	12,242	9,181
Goodwill	36,783	22,477	22,248	18,250	18,536
Long-Term Investments	168,780	78,926	76,233	69,410	80,454
Other Long-Term Assets	32,304	21,285	8,560	10,209	16,398
Total Assets	449,157	390,973	332,708	301,316	297,566
Accounts Payable	38,891	38,014	36,716	32,701	35,381
Short-Term Debt	7,626	5,343	3,016	2,618	3,046
Current Portion of Long-Term Debt	20,784	15,209	12,179	5,956	6,955
Current Portion of Leases	3,457	2,809	2,366	2,283	-
Unearned Revenue	13,582	13,188	12,784	11,591	9,744
Other Current Liabilities	1,988	5,067	1,324	2,231	1,727
Total Current Liabilities	86,328	79,630	68,385	57,380	56,853
Long-Term Debt	61,102	63,183	60,335	58,191	54,903
Long-Term Leases	4,108	4,810	4,693	4,486	-
Other Long-Term Liabilities	7,893	5,545	7,452	8,444	10,058
Total Long-Term Liabilities	73,103	73,538	72,480	71,121	64,961
Total Liabilities	159,431	153,168	140,865	128,501	121,814
Treasury Stock	-	-5,264	-	-	-
Additional Paid-in Capital	-	79,855	47,213	38,714	33,441
Accumulated Other Comprehensive Income	-	546	199	-1,383	210
Retained Earnings	-	148,341	135,284	126,268	129,246
Total Common Shareholders' Equity	-	223,478	182,696	163,599	162,897
Minority Interest	23,396	14,327	9,147	9,216	12,855
Shareholders' Equity	23,396	237,805	191,843	172,815	175,752
Total Liabilities & Equity	449,157	390,973	332,708	301,316	297,566
Total Debt	97,077	91,354	82,589	73,534	64,904
Net Cash (Debt)	18,415	93,971	80,353	73,829	76,839
Net Cash Growth	-80.40%	16.95%	8.84%	-3.92%	1.77%
Net Cash Per Share	53.69	267.63	233.25	211.62	218.45
Book Value	0	223,478	182,696	163,599	162,897
Book Value Per Share	-	636.46	530.32	468.93	463.10
Tangible Book Value	-61,212	179,904	145,435	133,107	135,180
Tangible Book Value Per Share	-178.46	512.36	422.16	381.53	384.31

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.