Baidu, Inc. (BIDU)

Baidu Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	20,315	7,559	10,226	22,472	2,057
Depreciation & Amortization	14,369	12,303	12,476	10,850	9,253
Share-Based Compensation	6,345	6,788	7,056	6,728	5,626
Other Operating Activities	-4,414	-480	-9,636	-15,850	11,522
Operating Cash Flow	36,615	26,170	20,122	24,200	28,458
Operating Cash Flow Growth	39.91%	30.06%	-16.85%	-14.96%	-20.88%
Capital Expenditures	-11,190	-8,286	-10,896	-5,084	-18,580
Acquisitions	-1,572	256	-13,092	-2,887	-1,445
Change in Investments	-37,619	4,095	-7,183	-19,327	585
Other Investing Activities	-16	-9	-273	-254	-534
Investing Cash Flow	-50,397	-3,944	-31,444	-27,552	-19,974
Share Issuance / Repurchase	-4,661	-1,725	12,627	-12,826	-4,940
Debt Issued / Paid	-13,093	-6,813	8,840	12,390	1,338
Other Financing Activities	3,592	2,148	1,929	6,101	-271
Financing Cash Flow	-14,162	-6,390	23,396	5,665	-3,873
Exchange Rate Effect	282	1,729	-943	-212	1
Net Cash Flow	-27,662	17,565	11,131	2,101	4,612
Free Cash Flow	25,425	17,884	9,226	19,116	9,878
Free Cash Flow Growth	42.17%	93.84%	-51.74%	93.52%	-29.84%
Free Cash Flow Margin	18.89%	14.46%	7.41%	17.85%	9.20%
Free Cash Flow Per Share	72.46	51.43	26.76	55.98	28.36

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