Baidu, Inc. (BIDU)

Baidu Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	134,598	123,675	124,493	107,074	107,413
Revenue Growth (YoY)	8.83%	-0.66%	16.27%	-0.32%	5.02%
Cost of Revenue	65,031	63,935	64,314	55,158	62,850
Gross Profit	69,567	59,740	60,179	51,916	44,563
Selling, General & Admin	23,519	20,514	24,723	18,063	19,910
Research & Development	24,192	23,315	24,938	19,513	18,346
Operating Expenses	47,711	43,829	49,661	37,576	38,256
Operating Income	21,856	15,911	10,518	14,340	6,307
Interest Expense / Income	3,248	2,913	3,421	3,103	2,960
Other Expense / Income	-5,356	2,861	-6,316	-15,299	-658
Pretax Income	23,964	10,137	13,413	26,536	4,005
Income Tax	3,649	2,578	3,187	4,064	1,948
Net Income	20,315	7,559	10,226	22,472	2,057
Net Income Growth	168.75%	-26.08%	-54.49%	992.46%	-92.54%
Shares Outstanding (Basic)	2,807	2,782	2,758	2,732	2,787
Shares Outstanding (Diluted)	2,837	2,809	2,814	2,756	2,791
Shares Change	1.00%	-0.18%	2.10%	-1.25%	-0.82%
EPS (Basic)	55.84	20.00	28.64	65.52	5.68
EPS (Diluted)	55.12	19.84	28.08	64.96	5.60
EPS Growth	177.82%	-29.34%	-56.77%	1060.00%	-92.82%
Free Cash Flow	25,425	17,884	9,226	19,116	9,878
Free Cash Flow Per Share	72.46	51.43	26.76	55.98	28.36
Gross Margin	51.69%	48.30%	48.34%	48.49%	41.49%
Operating Margin	16.24%	12.87%	8.45%	13.39%	5.87%
Profit Margin	15.09%	6.11%	8.21%	20.99%	1.92%
Free Cash Flow Margin	18.89%	14.46%	7.41%	17.85%	9.20%
Effective Tax Rate	15.23%	25.43%	23.76%	15.32%	48.64%
EBITDA	41,581	25,353	29,310	40,489	16,218
EBITDA Margin	30.89%	20.50%	23.54%	37.81%	15.10%
Depreciation & Amortization	14,369	12,303	12,476	10,850	9,253
EBIT	27,212	13,050	16,834	29,639	6,965
EBIT Margin	20.22%	10.55%	13.52%	27.68%	6.48%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).