Baidu Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	24,831	36,529	36,734	64,486	47,671
Short-Term Investments	90,661	102,608	168,670	120,839	143,243
Cash & Short-Term Investments	115,492	139,137	205,404	185,325	190,914
Cash Growth	-16.99%	-32.26%	10.83%	-2.93%	17.17%
Accounts Receivable	12,972	10,104	10,848	11,733	9,981
Other Receivables	761	790	1,424	5,432	1,368
Total Trade Receivables	13,733	10,894	12,272	17,165	11,349
Other Current Assets	22,745	18,818	12,579	10,360	11,052
Total Current Assets	151,970	168,849	230,255	212,850	213,315
Net Property, Plant & Equipment	34,891	41,000	38,811	34,338	35,092
Other Intangible Assets	24,429	22,397	21,225	21,097	19,898
Goodwill	36,783	22,586	22,586	22,477	22,605
Long-Term Investments	168,780	140,256	72,623	78,926	67,332
Other Long-Term Assets	32,304	32,692	21,259	21,285	21,792
Total Assets	449,157	427,780	406,759	390,973	380,034
Accounts Payable	38,891	41,443	37,717	38,014	41,384
Short-Term Debt	7,626	10,669	10,257	5,343	4,168
Current Portion of Long-Term Debt	20,784	8,436	8,833	15,209	10,507
Current Portion of Leases	3,457	3,303	3,108	2,809	2,862
Unearned Revenue	13,582	15,308	14,933	13,188	13,706
Other Current Liabilities	1,988	1,794	1,603	5,067	1,764
Total Current Liabilities	86,328	80,953	76,451	79,630	74,488
Long-Term Debt	61,102	51,943	57,357	63,183	68,401
Long-Term Leases	4,108	4,973	5,040	4,810	5,569
Other Long-Term Liabilities	7,893	6,299	5,303	5,545	7,624
Total Long-Term Liabilities	73,103	63,215	67,700	73,538	81,594
Total Liabilities	159,431	144,168	144,151	153,168	156,082
Treasury Stock	-	-6,236	-3,818	-5,264	-7,581
Additional Paid-in Capital	-	91,586	87,099	79,855	73,888
Accumulated Other Comprehensive Income	-	-1,803	-895	546	-8
Retained Earnings	-	180,073	161,240	148,341	145,160
Total Common Shareholders' Equity	-	263,620	243,626	223,478	211,459
Minority Interest	23,396	19,992	18,982	14,327	12,493
Shareholders' Equity	23,396	283,612	262,608	237,805	223,952
Total Liabilities & Equity	449,157	427,780	406,759	390,973	380,034
Total Debt	97,077	79,324	84,595	91,354	91,507
Net Cash (Debt)	18,415	59,813	120,809	93,971	99,407
Net Cash Growth	-69.21%	-50.49%	28.56%	-5.47%	23.71%
Net Cash Per Share	53.69	171.02	340.67	267.63	282.61
Book Value	0	263,620	243,626	223,478	211,459
Book Value Per Share	-	753.74	687.00	636.46	601.16
Tangible Book Value	-61,212	218,637	199,815	179,904	168,956
Tangible Book Value Per Share	-178.46	625.12	563.45	512.36	480.33

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