BIDU Q1 2016 Earnings Report — Baidu, Inc. Revenue & Financial Results | Market Cap Arena

Baidu, Inc.BIDU

Q1 2016 Earnings

Reported March 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$2.3B	—	—	—	—
Op. Income	$323M	—	—	—	—
Gross Margin	52.2%	—	—	—	—
Net Margin	12.6%	—	—	—	—
EPS (Diluted)	$0.78	—	—	—	—
Free Cash Flow	$599M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.2B
R&D Expenses	$307M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$576M
Other Expenses	$0
Operating Expenses	$883M
Cost & Expenses	$2.0B
OPERATING INCOME	$323M
Interest Income	$87M
Interest Expense	$39M
Other Income/Expenses	$65M
INCOME BEFORE TAX	$387M
Income Tax Expense	$98M
Net Income from Continuing Ops	$289M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$290M
Net Income Deductions	$18M
BOTTOM LINE NET INCOME	$272M
D&A	$263M
EBIT	$426M
EBITDA	$689M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.2B
R&D Expenses	$307M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$576M
Other Expenses	$0
Operating Expenses	$883M
Cost & Expenses	$2.0B
OPERATING INCOME	$323M
Interest Income	$87M
Interest Expense	$39M
Other Income/Expenses	$65M
INCOME BEFORE TAX	$387M
Income Tax Expense	$98M
Net Income from Continuing Ops	$289M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$290M
Net Income Deductions	$18M
BOTTOM LINE NET INCOME	$272M
D&A	$263M
EBIT	$426M
EBITDA	$689M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$290M
Depreciation & Amortization	$263M
Stock-Based Compensation	$45M
Deferred Income Tax	$0
Other Non-Cash Items	-$51M
Change in Working Capital	$173M
OPERATING CASH FLOW	$720M
Capital Expenditure	-$121M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$268M
NET CASH FROM INVESTING	-$389M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$61M
NET CASH FROM FINANCING	$59M
FREE CASH FLOW	$599M
Net Change in Cash	$384M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$8.6B
Net Receivables	$526M
Inventory	$0
Other Current Assets	$678M
TOTAL CURRENT ASSETS	$11.6B
PP&E (Net)	$1.5B
Goodwill	$2.2B
Intangible Assets	$499M
Long-Term Investments	$5.6B
Tax Assets	$185M
Other Non-Current Assets	$245M
TOTAL NON-CURRENT ASSETS	$10.3B
TOTAL ASSETS	$21.9B
Account Payables	$2.7B
Short-Term Debt	$167M
Deferred Revenue	$926M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$4.9B
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$498M
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$5.4B
TOTAL LIABILITIES	$9.3B
Common Stock	$2.2K
Additional Paid-In Capital	$984M
Retained Earnings	$11.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$141M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.0B
Minority Interest	$591M
TOTAL EQUITY	$12.6B
TOTAL LIABILITIES & EQUITY	$21.9B
Total Debt	$5.1B
Net Debt	$3.3B