BIDU Q4 2016 Earnings Report — Baidu, Inc. Revenue & Financial Results | Market Cap Arena

Baidu, Inc.BIDU

Q4 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$2.7B	$2.7B	—	-0.2%	—
Op. Income	$319M	$407M	—	-21.6%	—
Gross Margin	46.6%	49.3%	—	-2.7pp	—
Net Margin	22.7%	17.0%	—	5.7pp	—
EPS (Diluted)	$1.96	$1.31	—	50.0%	—
Free Cash Flow	$0	$0	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.2B
R&D Expenses	$434M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$487M
Other Expenses	$0
Operating Expenses	$920M
Cost & Expenses	$2.3B
OPERATING INCOME	$319M
Interest Income	$92M
Interest Expense	$43M
Other Income/Expenses	$341M
INCOME BEFORE TAX	$660M
Income Tax Expense	$59M
Net Income from Continuing Ops	$602M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$603M
Net Income Deductions	$81M
BOTTOM LINE NET INCOME	$521M
D&A	$304M
EBIT	$703M
EBITDA	$1.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.2B
R&D Expenses	$434M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$487M
Other Expenses	$0
Operating Expenses	$920M
Cost & Expenses	$2.3B
OPERATING INCOME	$319M
Interest Income	$92M
Interest Expense	$43M
Other Income/Expenses	$341M
INCOME BEFORE TAX	$660M
Income Tax Expense	$59M
Net Income from Continuing Ops	$602M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$603M
Net Income Deductions	$81M
BOTTOM LINE NET INCOME	$521M
D&A	$304M
EBIT	$703M
EBITDA	$1.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$603M
Depreciation & Amortization	$0
Stock-Based Compensation	$92M
Deferred Income Tax	$0
Other Non-Cash Items	-$695M
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	$1.6B
Short-Term Investments	$11.5B
Net Receivables	$710M
Inventory	$0
Other Current Assets	$511M
TOTAL CURRENT ASSETS	$14.6B
PP&E (Net)	$1.6B
Goodwill	$2.2B
Intangible Assets	$565M
Long-Term Investments	$6.7B
Tax Assets	$161M
Other Non-Current Assets	$721M
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$26.6B
Account Payables	$0
Short-Term Debt	$1.4B
Deferred Revenue	$1.4B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$5.0B
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$524M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$12.3B
Common Stock	$2.2K
Additional Paid-In Capital	$1.2B
Retained Earnings	$12.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$260M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.5B
Minority Interest	$798M
TOTAL EQUITY	$14.3B
TOTAL LIABILITIES & EQUITY	$26.6B
Total Debt	$6.5B
Net Debt	$4.9B