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Baidu, Inc. (BIDU)
NASDAQ: BIDU · Real-Time Price · USD
95.28
-1.84 (-1.89%)
At close: Aug 31, 2026, 4:00 PM EDT
95.40
+0.12 (0.13%)
After-hours: Aug 31, 2026, 7:59 PM EDT

Baidu Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
3,4451,782-11,2327,3227,7175,1927,6325,4885,4482,5996,6815,2105,8254,953-1463,637-8851,715-16,559
Depreciation & Amortization
2,1987,9162,2862,1341,9509,5561,7641,6911,61711,0921,9531,863-14,725---16,127-
Other Amortization
-6,805---5,844---6,296---5,291---5,960-
Loss (Gain) From Sale of Assets
--11----22----193----926----126-
Asset Writedown & Restructuring Costs
-16,450---49---253---68---4,917-
Loss (Gain) From Sale of Investments
-488---630---910---3,058-----
Loss (Gain) on Equity Investments
--3,196---691---3,799---1,910---932-
Stock-Based Compensation
-3,605---4,784---6,345---6,788---7,056-
Provision & Write-off of Bad Debts
-1,984---1,074---693---701---989-
Other Operating Activities
-2,9738,83410,202-10,333-15,6682,070-5,1171,200-845-8,1098913,55915-11,9578,8854,0692,757-14,16519,914
Change in Accounts Receivable
--4,509---327---216----2,369----2,144-
Change in Accounts Payable
--1,844---2,298----858----1,450---7,141-
Change in Unearned Revenue
--1,874---513---1,918----444---593-
Change in Other Net Operating Assets
--33,821----30,650----14,343----12,495----24,281-
Operating Cash Flow
2,6702,6091,256-877-6,0012,3564,2798,3796,22010,6189,52510,6325,8407,8538,7397,7061,8724,7143,355
Operating Cash Flow Growth (YoY)
-10.74%-70.65%---77.81%-55.08%-21.19%6.51%35.21%8.99%37.97%211.97%66.59%160.48%-2.90%-54.53%--

Investing Activities

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-5,916-1,972-3,401-3,800-2,900-2,333-1,645-2,118-2,038-3,660-3,529-2,706-1,295-1,929-2,188-2,190-1,979-4,237-2,664
Cash Acquisitions
--1,188--------115----14----12,282-
Divestitures
---------15---270-----
Sale (Purchase) of Intangibles
--1,344----125----105----107----344-
Investment in Securities
--9,725---2,070----41,564---4,954----7,993-
Other Investing Activities
10,858-3,3446,397-4,7411,695-2,934-12,31816,279-1,07833,665-7,8719,594-31,354-8,49710,198-1,490-97226,903-11,308
Investing Cash Flow
4,942-18,3862,996-8,541-1,205-5,637-13,96314,161-3,116-13,236-11,4006,888-32,649-5,3238,010-3,680-2,9512,047-13,972

Financing Activities

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Total Debt Issued
-46,644---23,574---20,473---9,722---24,233-
Total Debt Repaid
--26,351----31,111----33,566----16,535----15,393-
Net Debt Issued (Repaid)
-20,293----7,537----13,093----6,813---8,840-
Issuance of Common Stock
-93---47---103---200---20,208-
Repurchase of Common Stock
--5,536----6,324----4,764----1,925----7,581-
Other Financing Activities
-1,635-13,7374,683-9,15320,49912,144-5,399-9,0772,38710,146-4,984732-2,3026,276-6,0735431,402-31,3688,611
Financing Cash Flow
-1,6351,1134,683-9,15320,499-1,670-5,399-9,0772,387-7,608-4,984732-2,302-2,262-6,0735431,402-9,9018,611

Net Cash Flow

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
-276-305-202-238-6643-80588169-395158624-105-1,4292,0401,305-187-663-68
Net Cash Flow
5,701-14,9698,733-18,80913,287-4,308-15,88813,5515,660-10,621-6,70118,876-29,216-1,16112,7165,874136-3,803-2,074

Free Cash Flow

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
-3,246637-2,145-4,677-8,901232,6346,2614,1826,9585,9967,9264,5455,9246,5515,516-107477691
Free Cash Flow Growth (YoY)
-2669.57%----99.67%-56.07%-21.01%-7.99%17.45%-8.47%43.69%-1141.93%848.05%1.40%---
Free Cash Flow Margin
-10.12%1.95%-6.88%-14.30%-27.43%0.07%7.85%18.45%13.27%19.91%17.41%23.27%14.59%17.91%20.13%18.61%-0.38%1.44%2.17%
Free Cash Flow Per Share
-9.391.85-6.33-13.71-25.780.077.5517.8611.8819.6716.8622.3712.8216.9218.7815.70-0.311.351.99
Levered Free Cash Flow
-2,78711,850-1,3412365,89516,9473,4716,765193.7518,1214,33614,297-8,22019,4493,8511,558-4,59020,041984.5
Unlevered Free Cash Flow
-2,38912,257-946.13674.136,39617,3493,8917,229672.518,6054,86914,807-7,71819,9104,3032,021-4,14620,5871,535

Additional Metrics

Fiscal Quarter
Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
-2,007---2,237---2,764---2,690---2,542-
Cash Income Tax Paid
-3,254---3,684---3,666---3,525---3,253-
Change in Working Capital
--42,048----27,512----13,067----16,758----18,691-
SEC Filings: 10-K · 10-Q