BIDU Q2 2016 Earnings Report — Baidu, Inc. Revenue & Financial Results | Market Cap Arena

Baidu, Inc.BIDU

Q2 2016 Earnings

Reported June 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$2.7B	$2.3B	—	15.4%	—
Op. Income	$418M	$323M	—	29.6%	—
Gross Margin	52.2%	52.2%	—	-0.0pp	—
Net Margin	13.2%	12.6%	—	0.7pp	—
EPS (Diluted)	$1.02	$0.78	—	29.9%	—
Free Cash Flow	$0	$599M	—	-100.0%	—

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.4B
R&D Expenses	$360M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$612M
Other Expenses	$0
Operating Expenses	$972M
Cost & Expenses	$2.2B
OPERATING INCOME	$418M
Interest Income	$71M
Interest Expense	$40M
Other Income/Expenses	$48M
INCOME BEFORE TAX	$466M
Income Tax Expense	$116M
Net Income from Continuing Ops	$351M
Net Income from Discontinued Ops	$0
Other Adjustments	$64.9K
NET INCOME	$352M
Net Income Deductions	$25.8K
BOTTOM LINE NET INCOME	$352M
D&A	$213M
EBIT	$507M
EBITDA	$720M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.4B
R&D Expenses	$360M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$612M
Other Expenses	$0
Operating Expenses	$972M
Cost & Expenses	$2.2B
OPERATING INCOME	$418M
Interest Income	$71M
Interest Expense	$40M
Other Income/Expenses	$48M
INCOME BEFORE TAX	$466M
Income Tax Expense	$116M
Net Income from Continuing Ops	$351M
Net Income from Discontinued Ops	$0
Other Adjustments	$64.9K
NET INCOME	$352M
Net Income Deductions	$25.8K
BOTTOM LINE NET INCOME	$352M
D&A	$213M
EBIT	$507M
EBITDA	$720M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$352M
Depreciation & Amortization	$0
Stock-Based Compensation	$59M
Deferred Income Tax	$0
Other Non-Cash Items	-$411M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$8.8B
Net Receivables	$617M
Inventory	$0
Other Current Assets	$711M
TOTAL CURRENT ASSETS	$12.4B
PP&E (Net)	$1.6B
Goodwill	$2.2B
Intangible Assets	$509M
Long-Term Investments	$5.9B
Tax Assets	$165M
Other Non-Current Assets	$363M
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$23.2B
Account Payables	$2.8B
Short-Term Debt	$171M
Deferred Revenue	$978M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$5.5B
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$507M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$6.1B
TOTAL LIABILITIES	$10.1B
Common Stock	$2.2K
Additional Paid-In Capital	$1.0B
Retained Earnings	$11.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$150M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.4B
Minority Interest	$693M
TOTAL EQUITY	$13.1B
TOTAL LIABILITIES & EQUITY	$23.2B
Total Debt	$5.7B
Net Debt	$3.4B