Baidu Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	38,620	24,832	25,231	53,156	36,850	35,782
Short-Term Investments	86,195	102,911	169,056	121,218	143,617	126,839
Cash & Short-Term Investments	124,815	127,743	194,287	174,374	180,467	162,621
Cash Growth	-6.02%	-34.25%	11.42%	-3.38%	10.97%	10.51%
Accounts Receivable	12,522	14,280	16,620	21,135	14,829	11,589
Receivables	12,522	14,280	16,620	21,135	14,829	11,589
Inventory	-	5,989	1,396	1,227	1,477	618
Prepaid Expenses	-	570	728	582	615	491
Restricted Cash	369	11,697	11,503	11,330	10,821	758
Other Current Assets	20,588	8,570	5,721	4,202	5,106	7,265
Total Current Assets	158,294	168,849	230,255	212,850	213,315	183,342
Property, Plant & Equipment	33,822	41,000	38,811	34,338	35,092	27,312
Long-Term Investments	158,453	140,256	72,623	78,926	67,332	76,233
Goodwill	37,637	22,586	22,586	22,477	22,605	22,248
Other Intangible Assets	9,548	7,702	7,848	8,095	8,947	8,457
Long-Term Accounts Receivable	-	-	-	-	-	3,398
Long-Term Deferred Tax Assets	5,260	2,193	2,100	2,129	2,372	1,674
Long-Term Deferred Charges	14,298	14,695	13,377	13,002	10,951	6,556
Other Long-Term Assets	26,760	30,499	19,159	19,156	19,420	3,488
Total Assets	444,072	427,780	406,759	390,973	380,034	332,708
Accounts Payable	36,662	3,553	1,971	1,960	1,307	3,141
Accrued Expenses	-	15,333	16,171	15,156	17,167	14,281
Short-Term Debt	6,695	10,669	10,257	5,343	4,168	3,016
Current Portion of Long-Term Debt	20,950	8,436	8,833	15,209	10,507	12,179
Current Portion of Leases	3,326	3,303	3,108	2,809	2,862	2,366
Current Income Taxes Payable	-	3,527	2,687	3,640	4,430	3,779
Current Unearned Revenue	13,726	15,308	14,933	13,188	13,803	12,784
Other Current Liabilities	1,653	20,824	18,491	22,325	20,244	16,839
Total Current Liabilities	83,012	80,953	76,451	79,630	74,488	68,385
Long-Term Debt	62,113	51,943	57,357	63,183	68,401	60,335
Long-Term Leases	4,153	4,973	5,040	4,810	5,569	4,693
Long-Term Unearned Revenue	857	816	681	490	352	783
Long-Term Deferred Tax Liabilities	4,071	3,870	2,725	2,898	3,286	3,067
Other Long-Term Liabilities	2,267	1,613	1,897	2,157	3,986	3,602
Total Liabilities	156,473	144,168	144,151	153,168	156,082	140,865
Common Stock	264,528	-	-	-	-	-
Additional Paid-In Capital	-	91,586	87,099	79,855	73,888	47,213
Retained Earnings	-	180,073	161,240	148,341	145,160	135,284
Treasury Stock	-	-6,236	-3,818	-5,264	-7,581	-
Comprehensive Income & Other	-	-1,803	-895	546	-8	199
Total Common Equity	264,528	263,620	243,626	223,478	211,459	182,696
Minority Interest	23,071	19,992	18,982	14,327	12,493	9,147
Shareholders' Equity	287,599	283,612	262,608	237,805	223,952	191,843
Total Liabilities & Equity	444,072	427,780	406,759	390,973	380,034	332,708
Total Debt	97,237	79,324	84,595	91,354	91,507	82,589
Net Cash (Debt)	27,578	48,419	109,692	83,020	88,960	80,032
Net Cash Growth	-50.27%	-55.86%	32.13%	-6.68%	11.16%	8.71%
Net Cash Per Share	80.31	138.44	309.32	236.44	252.91	232.31
Filing Date Shares Outstanding	339.12	345.45	350.65	349.57	345.54	334.89
Total Common Shares Outstanding	339.12	345.45	350.65	349.57	345.54	334.89
Working Capital	75,282	87,896	153,804	133,220	138,827	114,957
Book Value Per Share	780.03	763.13	694.79	639.29	611.96	545.54
Tangible Book Value	217,343	233,332	213,192	192,906	179,907	151,991
Tangible Book Value Per Share	640.89	675.45	607.99	551.83	520.65	453.85
Buildings	-	5,309	5,146	5,125	4,915	4,697
Machinery	-	58,378	53,671	46,159	42,422	34,325
Construction In Progress	-	621	285	291	688	454
Leasehold Improvements	-	549	540	490	496	386

Source: S&P Global Market Intelligence. Standard template. Financial Sources.