Cash flow Baidu, Inc.

Equities

BIDU

US0567521085

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2025-02-07 pm EST			After market 07:00:05 pm
89.32 ^USD	+0.57%		90.44	+1.25%

Feb. 05	Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading	MT
Feb. 03	Baidu Smart Cloud Qianfan Offers DeepSeek Models	MT

15998159255.ymmgObNpkjLrju_o6eTuw5L7lCwPBHEONd9mebfPyRs.uTjEbIQ4ywff44WHv726rOSZ3EZqbiRPGLgJAIKDo3aNK5hu5ALoXKLAmA

Published financial data: BAIDU, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	78.09B	72.84B	80.7B	74.71B	81.2B
Interest And Invest. Income (Rev)	-	-	-	-	-
Other Revenues, Total	29.32B	34.23B	43.8B	48.96B	53.4B
Total Revenues	107B	107B	124B	124B	135B
Cost of Goods Sold, Total	62.85B	54B	64.15B	63.93B	65.03B
Gross Profit	44.56B	53.07B	60.35B	59.74B	69.57B
Selling General & Admin Expenses, Total	19.91B	18.06B	24.72B	20.51B	23.52B
R&D Expenses	18.35B	19.51B	24.94B	23.32B	24.19B
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	38.26B	37.58B	49.66B	43.83B	47.71B
Operating Income	6.31B	15.5B	10.68B	15.91B	21.86B
Interest Expense, Total	-2.96B	-3.1B	-3.42B	-2.91B	-3.25B
Interest And Investment Income	6.06B	5.36B	5.55B	6.24B	8.01B
Net Interest Expenses	3.1B	2.26B	2.13B	3.33B	4.76B
Income (Loss) On Equity Invest.	-1.25B	-2.25B	-932M	-1.91B	-3.8B
Currency Exchange Gains (Loss)	-33M	-660M	100M	-1.48B	595M
Other Non Operating Income (Expenses)	1.22B	-4.3B	162M	1.16B	2.5B
EBT, Excl. Unusual Items	9.34B	10.54B	12.14B	17.01B	25.91B
Gain (Loss) On Sale Of Investments	-8.88B	13.71B	-1.2B	-6.9B	-712M
Gain (Loss) On Sale Of Assets	-801M	-	-	-	-
Asset Writedown	-	-1.16B	-167M	-1M	-
EBT, Incl. Unusual Items	-340M	23.09B	10.78B	10.11B	25.2B
Income Tax Expense	1.95B	4.06B	3.19B	2.58B	3.65B
Earnings From Continuing Operations	-2.29B	19.03B	7.59B	7.53B	21.55B
Net Income to Company	-2.29B	19.03B	7.59B	7.53B	21.55B
Minority Interest	4.34B	3.45B	2.64B	25M	-1.23B
Net Income - (IS)	2.06B	22.47B	10.23B	7.56B	20.32B
Preferred Dividend and Other Adjustments	77M	88M	350M	591M	717M
Net Income to Common Incl Extra Items	1.98B	22.38B	9.88B	6.97B	19.6B
Net Income to Common Excl. Extra Items	1.98B	22.38B	9.88B	6.97B	19.6B
Per Share Items
Net EPS - Basic	5.68	65.55	28.65	20.04	55.85
Basic EPS - Continuing Operations	5.68	65.55	28.65	20.04	55.85
Basic Weighted Average Shares Outstanding	348M	342M	345M	348M	351M
Net EPS - Diluted	5.6	64.96	28.08	19.84	55.14
Diluted EPS - Continuing Operations	5.6	64.96	28.08	19.84	55.14
Diluted Weighted Average Shares Outstanding	349M	344M	352M	351M	355M
Normalized Basic EPS	29.24	29.38	29.66	30.65	42.64
Normalized Diluted EPS	29.2	29.12	29.07	30.35	42.18
American Depositary Receipts Ratio (ADR)	8	8	8	8	8
Supplemental Items
EBITDA	25.47B	33.28B	26.81B	30.38B	36.54B
EBITA	19.85B	27.51B	20.93B	23.9B	29.14B
EBIT	6.31B	15.5B	10.68B	15.91B	21.86B
EBITDAR	28.6B	36.71B	30.49B	34.3B	40.58B
Total Revenues (As Reported)	107B	107B	124B	124B	135B
Effective Tax Rate - (Ratio)	-572.94	17.6	29.57	25.49	14.48
Total Current Taxes	3.56B	4.67B	3.64B	3.16B	3.81B
Total Deferred Taxes	-696M	115M	-449M	-117M	-163M
Normalized Net Income	10.18B	10.03B	10.23B	10.66B	14.96B
Interest on Long-Term Debt	-	799M	1.1B	799M	936M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	10.5B	8.4B	12.2B	10.2B	13.2B
Selling and Marketing Expenses	10.5B	8.4B	12.2B	10.2B	13.2B
Research And Development Expense From Footnotes	18.35B	19.51B	24.94B	23.32B	24.19B
Net Rental Expense, Total	3.13B	3.43B	3.68B	3.92B	4.05B
Imputed Operating Lease Interest Expense	1.07B	1.09B	1.16B	1B	1.2B
Imputed Operating Lease Depreciation	2.06B	2.34B	2.52B	2.92B	2.85B
Stock-Based Comp., COGS (Total)	327M	360M	399M	409M	590M
Stock-Based Comp., R&D Exp. (Total)	3.53B	4.47B	4.82B	4.63B	4.08B
Stock-Based Comp., SG&A Exp. (Total)	1.77B	1.9B	1.84B	1.75B	1.68B
Total Stock-Based Compensation	5.63B	6.73B	7.06B	6.79B	6.34B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	33.44B	35.78B	36.85B	53.16B	25.23B
Short Term Investments	114B	127B	144B	121B	169B
Total Cash And Short Term Investments	147B	163B	180B	174B	194B
Accounts Receivable, Total	11.13B	11.59B	14.83B	21.14B	16.62B
Other Receivables	-	-	-	-	-
Notes Receivable	345M	-	-	-	1.4B
Total Receivables	11.47B	11.59B	14.83B	21.14B	18.02B
Inventory	-	-	1.48B	1.23B	1.4B
Prepaid Expenses	955M	1.11B	615M	582M	728M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	996M	758M	10.82B	11.33B	11.5B
Other Current Assets, Total	4.99B	7.26B	5.11B	4.2B	4.32B
Total Current Assets	166B	183B	213B	213B	230B
Gross Property Plant And Equipment	45.72B	52.11B	64.42B	66.62B	74.71B
Accumulated Depreciation	-20.08B	-24.8B	-29.33B	-32.29B	-35.9B
Net Property Plant And Equipment	25.64B	27.31B	35.09B	34.34B	38.81B
Long-term Investments	69.41B	76.23B	67.33B	78.93B	72.62B
Goodwill	18.25B	22.25B	22.6B	22.48B	22.59B
Other Intangibles, Total	7.89B	8.46B	8.95B	8.1B	7.85B
Accounts Receivable Long-Term	3.39B	3.4B	3.4B	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	2.19B	1.67B	2.37B	2.13B	2.1B
Deferred Charges Long-Term	4.36B	6.56B	10.95B	13B	13.38B
Other Long-Term Assets, Total	4.62B	3.49B	16.02B	19.16B	19.16B
Total Assets	301B	333B	380B	391B	407B
Liabilities
Accounts Payable, Total	2.74B	3.62B	3.12B	2.86B	1.97B
Accrued Expenses, Total	14.13B	14.28B	17.17B	15.16B	16.17B
Short-term Borrowings	2.62B	3.02B	4.17B	5.34B	10.26B
Current Portion of Long-Term Debt	5.96B	12.18B	10.51B	15.21B	8.83B
Current Portion of Leases	2.28B	2.37B	2.86B	2.81B	3.11B
Current Income Taxes Payable	3.12B	3.78B	4.43B	3.64B	2.69B
Unearned Revenue Current, Total	11.59B	12.78B	13.8B	13.19B	14.93B
Other Current Liabilities	14.94B	16.36B	18.43B	21.43B	18.49B
Total Current Liabilities	57.38B	68.38B	74.49B	79.63B	76.45B
Long-Term Debt	58.19B	60.34B	68.4B	63.18B	57.36B
Long-Term Leases	4.49B	4.69B	5.57B	4.81B	5.04B
Unearned Revenue Non Current	1.03B	783M	352M	490M	681M
Deferred Tax Liability Non Current	3.27B	3.07B	3.29B	2.9B	2.72B
Other Non Current Liabilities	4.14B	3.6B	3.99B	2.16B	1.9B
Total Liabilities	129B	141B	156B	153B	144B
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	38.71B	47.21B	73.89B	79.86B	87.1B
Retained Earnings	126B	135B	145B	148B	161B
Treasury Stock	-	-	-7.58B	-5.26B	-3.82B
Comprehensive Income and Other	-1.38B	199M	-8M	546M	-895M
Total Common Equity	164B	183B	211B	223B	244B
Minority Interest	9.22B	9.15B	12.49B	14.33B	18.98B
Total Equity	173B	192B	224B	238B	263B
Total Liabilities And Equity	301B	333B	380B	391B	407B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	346M	335M	346M	350M	351M
ECS Total Common Shares Outstanding	346M	335M	346M	350M	351M
Book Value / Share	473.06	545.54	611.96	639.29	694.79
Tangible Book Value	137B	152B	180B	193B	213B
Tangible Book Value Per Share	397.49	453.85	520.65	551.83	607.99
Total Debt	73.53B	82.59B	91.51B	91.35B	84.6B
Net Debt	-73.62B	-80.03B	-88.96B	-83.02B	-110B
Debt Equivalent Oper. Leases	25.07B	27.42B	29.4B	31.39B	32.38B
Minority Interest, Total (Incl. Fin. Div)	9.22B	9.15B	12.49B	14.33B	18.98B
Equity Method Investments, Total	27.1B	24.07B	24.81B	25.94B	20.79B
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	4.63B	4.7B	4.92B	5.12B	5.15B
Machinery, Total	30.74B	34.32B	42.42B	46.16B	53.67B
Full Time Employees	37.78K	41K	45.5K	41.3K	39.8K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	928M	1.32B	2.07B	2.55B	3.18B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.06B	22.47B	10.23B	7.56B	20.32B
Depreciation & Amortization - CF	5.62B	5.77B	5.88B	6.48B	7.39B
Amortization of Goodwill and Intangible Assets - (CF)	13.55B	12.02B	10.24B	7.99B	7.29B
Depreciation & Amortization, Total	19.16B	17.79B	16.13B	14.46B	14.68B
Amortization of Deferred Charges, Total - (CF)	2.98B	4.12B	5.96B	5.29B	6.3B
(Gain) Loss From Sale Of Asset	578M	-	-126M	-926M	-193M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	910M
Asset Writedown & Restructuring Costs	10.71B	3.73B	4.92B	3.39B	482M
(Income) Loss On Equity Investments - (CF)	1.25B	2.25B	932M	1.91B	3.8B
Stock-Based Compensation (CF)	5.63B	6.73B	7.06B	6.79B	6.34B
Provision and Write-off of Bad Debts	429M	679M	989M	701M	693M
Other Operating Activities, Total	-7.65B	-15.36B	-7.27B	3.75B	-3.64B
Change In Accounts Receivable	-1.78B	-1.66B	-2.14B	-2.37B	216M
Change In Accounts Payable	-1.65B	208M	7.14B	-1.45B	-858M
Change in Unearned Revenues	1.48B	884M	593M	-444M	1.92B
Change in Other Net Operating Assets	-4.73B	-17.64B	-24.28B	-12.5B	-14.34B
Cash from Operations	28.46B	24.2B	20.12B	26.17B	36.62B
Capital Expenditure	-6.43B	-5.08B	-10.9B	-8.29B	-11.19B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-969M	-2.4B	-12.28B	-14M	-115M
Divestitures	-476M	-486M	-	270M	15M
Sale (Purchase) of Intangible assets	-12.69B	-247M	-344M	-107M	-105M
Investment in Marketable and Equity Securities, Total	561M	-20.24B	-7.99B	4.95B	-41.56B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	0	-	-1.47B
Other Investing Activities, Total	31M	905M	71M	-761M	4.03B
Cash from Investing	-19.97B	-27.55B	-31.44B	-3.94B	-50.4B
Short Term Debt Issued, Total	2.74B	3.56B	4.49B	6.27B	15.93B
Long-Term Debt Issued, Total	8.86B	18.5B	19.75B	3.45B	4.54B
Total Debt Issued	11.59B	22.06B	24.23B	9.72B	20.47B
Short Term Debt Repaid, Total	-3.17B	-3.22B	-3.36B	-5.08B	-11.03B
Long-Term Debt Repaid, Total	-7.08B	-6.44B	-12.03B	-11.45B	-22.54B
Total Debt Repaid	-10.25B	-9.67B	-15.39B	-16.54B	-33.57B
Issuance of Common Stock	18M	228M	20.21B	200M	103M
Repurchase of Common Stock	-4.96B	-13.05B	-7.58B	-1.92B	-4.76B
Other Financing Activities, Total	-281M	6.1B	1.93B	2.15B	3.59B
Cash from Financing	-3.87B	5.66B	23.4B	-6.39B	-14.16B
Foreign Exchange Rate Adjustments	1M	-212M	-943M	1.73B	282M
Net Change in Cash	4.61B	2.1B	11.13B	17.56B	-27.66B
Supplemental Items
Cash Interest Paid	2.45B	2.2B	2.54B	2.69B	2.76B
Cash Income Tax Paid (Refund)	4.1B	3.61B	3.25B	3.52B	3.67B
Levered Free Cash Flow	7.58B	33.04B	16.44B	19.96B	28.15B
Unlevered Free Cash Flow	9.43B	34.98B	18.58B	21.78B	30.18B
Change In Net Working Capital	3.15B	-1.99B	6B	6.31B	-492M
Net Debt Issued / Repaid	1.35B	12.39B	8.84B	-6.81B	-13.09B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.32	3.05	1.87	2.58	3.42
Return on Total Capital	1.62	3.72	2.26	3.09	4.04
Return On Equity %	-1.31	10.43	3.65	3.26	8.61
Return on Common Equity	1.21	12.93	5.01	3.2	8.39
Margin Analysis
Gross Profit Margin %	41.49	49.56	48.47	48.3	51.68
SG&A Margin	18.54	16.87	19.86	16.59	17.47
EBITDA Margin %	23.71	31.09	21.54	24.56	27.14
EBITA Margin %	18.48	25.7	16.81	19.32	21.65
EBIT Margin %	5.87	14.47	8.58	12.87	16.24
Income From Continuing Operations Margin %	-2.13	17.77	6.1	6.09	16.01
Net Income Margin %	1.92	20.99	8.21	6.11	15.09
Net Avail. For Common Margin %	1.84	20.91	7.93	5.63	14.56
Normalized Net Income Margin	9.48	9.37	8.21	8.62	11.11
Levered Free Cash Flow Margin	7.06	30.86	13.21	16.14	20.91
Unlevered Free Cash Flow Margin	8.78	32.67	14.93	17.61	22.42
Asset Turnover
Asset Turnover	0.36	0.34	0.35	0.32	0.34
Fixed Assets Turnover	4.93	4.04	3.99	3.56	3.68
Receivables Turnover (Average Receivables)	7.85	6.41	6.11	4.15	4.3