Baidu, Inc. (HKG: 9888)

Baidu Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	80,027	81,203	74,711	80,695	72,840	78,093
Other Revenue	53,925	53,395	48,964	43,798	34,234	29,320
Revenue	133,952	134,598	123,675	124,493	107,074	107,413
Revenue Growth (YoY)	0.93%	8.83%	-0.66%	16.27%	-0.32%	3.40%
Cost of Revenue	65,506	65,031	63,935	64,314	54,808	62,444
Gross Profit	68,446	69,567	59,740	60,179	52,266	44,969
Selling, General & Admin	22,796	23,519	20,514	24,723	18,063	19,910
Research & Development	22,905	24,192	23,315	24,938	19,513	18,346
Operating Expenses	45,701	47,711	43,829	49,661	37,576	38,256
Operating Income	22,745	21,856	15,911	10,518	14,690	6,713
Interest Expense	-2,955	-3,248	-2,913	-3,421	-3,103	-2,960
Interest & Investment Income	8,025	8,009	6,245	5,551	5,358	6,060
Earnings From Equity Investments	-3,262	-3,799	-1,910	-932	-2,248	-1,254
Currency Exchange Gain (Loss)	-1,051	595	-1,484	100	-660	-33
Other Non Operating Income (Expenses)	409	2,497	1,221	307	280	252
EBT Excluding Unusual Items	23,911	25,910	17,070	12,123	14,317	8,778
Gain (Loss) on Sale of Investments	261	-712	-6,958	-1,345	9,123	-7,911
Gain (Loss) on Sale of Assets	738	-	-	-	-	-801
Asset Writedown	-	-	-	-	-350	-406
Pretax Income	24,910	25,198	10,112	10,778	23,090	-340
Income Tax Expense	2,732	3,649	2,578	3,187	4,064	1,948
Earnings From Continuing Operations	22,178	21,549	7,534	7,591	19,026	-2,288
Minority Interest in Earnings	-1,011	-1,234	25	2,635	3,446	4,345
Net Income	21,167	20,315	7,559	10,226	22,472	2,057
Preferred Dividends & Other Adjustments	717	717	591	350	88	77
Net Income to Common	20,450	19,598	6,968	9,876	22,384	1,980
Net Income Growth	-6.63%	168.75%	-26.08%	-54.49%	992.46%	-92.54%
Shares Outstanding (Basic)	350	351	348	345	342	348
Shares Outstanding (Diluted)	351	355	351	352	345	349
Shares Change (YoY)	-1.00%	1.00%	-0.18%	2.10%	-1.25%	-0.82%
EPS (Basic)	58.44	55.85	20.04	28.65	65.55	5.68
EPS (Diluted)	58.20	55.14	19.84	28.08	64.96	5.60
EPS Growth	-5.84%	177.92%	-29.34%	-56.77%	1061.01%	-92.83%
Free Cash Flow	20,035	25,425	17,884	9,226	19,116	22,030
Free Cash Flow Per Share	57.04	71.70	50.93	26.23	55.49	63.15
Gross Margin	51.10%	51.69%	48.30%	48.34%	48.81%	41.87%
Operating Margin	16.98%	16.24%	12.87%	8.45%	13.72%	6.25%
Profit Margin	15.27%	14.56%	5.63%	7.93%	20.91%	1.84%
Free Cash Flow Margin	14.96%	18.89%	14.46%	7.41%	17.85%	20.51%
EBITDA	37,585	36,535	30,375	26,956	32,870	25,874
EBITDA Margin	28.06%	27.14%	24.56%	21.65%	30.70%	24.09%
D&A For EBITDA	14,840	14,679	14,464	16,438	18,180	19,161
EBIT	22,745	21,856	15,911	10,518	14,690	6,713
EBIT Margin	16.98%	16.24%	12.87%	8.45%	13.72%	6.25%
Effective Tax Rate	10.97%	14.48%	25.49%	29.57%	17.60%	-
Revenue as Reported	133,952	134,598	123,675	124,493	107,074	107,413

Source: S&P Capital IQ. Standard template. Financial Sources.