Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Baidu.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.12B | $134.60B | $123.67B | $124.49B | $107.07B | $107.41B | $102.28B | $84.81B | $70.55B | $66.38B |
| Cost of Revenue | $66.10B | $65.03B | $63.94B | $64.31B | $55.16B | $62.85B | $51.74B | $43.06B | $35.28B | $27.46B |
| Gross Profit | $67.02B | $69.57B | $59.74B | $60.18B | $51.92B | $44.56B | $50.53B | $41.75B | $35.27B | $38.92B |
| Gross Profit Ratio | 50.35% | 51.69% | 48.30% | 48.34% | 48.49% | 41.49% | 49.41% | 49.22% | 49.99% | 58.64% |
| Research and Development Expenses | $22.13B | $24.19B | $23.32B | $24.94B | $19.51B | $18.35B | $15.77B | $12.93B | $10.15B | $10.18B |
| General and Administrative Expenses | $- | $10.32B | $10.31B | $12.52B | $9.66B | $9.41B | $9.13B | $8.53B | $2.66B | $2.57B |
| Selling and Marketing Expenses | $- | $13.20B | $10.20B | $12.20B | $8.40B | $10.50B | $10.10B | $4.60B | $12.41B | $14.50B |
| Selling General and Administrative Expenses | $23.62B | $23.52B | $20.51B | $24.72B | $18.06B | $19.91B | $19.23B | $13.13B | $15.07B | $17.08B |
| Other Expenses | $- | $- | $-5.74B | $-1.04B | $9.40B | $-8.46B | $9.43B | $4.60B | $3.79B | $24.73B |
| Operating Expenses | $45.75B | $47.71B | $43.83B | $49.66B | $37.58B | $38.26B | $35.00B | $26.06B | $25.22B | $27.25B |
| Cost and Expenses | $111.86B | $112.74B | $107.76B | $113.97B | $92.73B | $101.11B | $86.75B | $69.12B | $60.50B | $54.71B |
| Interest Income | $7.96B | $8.01B | $6.25B | $5.55B | $5.36B | $6.06B | $4.45B | $3.15B | $2.34B | $2.36B |
| Interest Expense | $2.82B | $3.25B | $2.91B | $3.42B | $3.10B | $2.96B | $1.88B | $1.61B | $1.16B | $1.04B |
| Depreciation and Amortization | $14.68B | $14.68B | $20.08B | $22.56B | $22.71B | $22.14B | $16.19B | $11.75B | $8.33B | $5.86B |
| EBITDA | $35.95B | $36.53B | $14.51B | $14.10B | $14.34B | $24.76B | $29.33B | $29.34B | $18.38B | $38.77B |
| EBITDA Ratio | 27.00% | 27.14% | 11.73% | 11.33% | 13.39% | 23.05% | 28.68% | 34.59% | 26.05% | 58.40% |
| Operating Income | $21.27B | $21.86B | $-5.58B | $-8.46B | $-8.37B | $-19.48B | $15.53B | $15.69B | $10.05B | $11.67B |
| Operating Income Ratio | 15.98% | 16.24% | -4.51% | -6.80% | -7.82% | -18.14% | 15.18% | 18.50% | 14.24% | 17.58% |
| Total Other Income Expenses Net | $7.35B | $3.34B | $15.69B | $19.24B | $8.75B | $-6.65B | $11.79B | $5.59B | $4.46B | $26.23B |
| Income Before Tax | $28.62B | $25.20B | $10.11B | $10.78B | $23.09B | $-340.00M | $27.32B | $21.28B | $14.51B | $37.91B |
| Income Before Tax Ratio | 21.50% | 18.72% | 8.18% | 8.66% | 21.56% | -0.32% | 26.72% | 25.10% | 20.57% | 57.10% |
| Income Tax Expense | $4.45B | $3.65B | $2.58B | $3.19B | $4.06B | $1.95B | $4.74B | $3.00B | $2.91B | $5.47B |
| Net Income | $23.76B | $20.32B | $7.56B | $7.59B | $22.47B | $-2.29B | $27.57B | $18.30B | $11.63B | $33.66B |
| Net Income Ratio | 17.85% | 15.09% | 6.11% | 6.10% | 20.99% | -2.13% | 26.96% | 21.58% | 16.49% | 50.71% |
| EPS | $64.00 | $9.51 | $2.91 | $4.32 | $9.21 | $0.81 | $11.64 | $7.60 | $4.67 | $14.72 |
| EPS Diluted | $65.95 | $7.62 | $2.88 | $4.23 | $9.13 | $0.80 | $11.55 | $7.55 | $4.67 | $14.67 |
| Weighted Average Shares Outstanding | 360.44M | 2.28B | 2.78B | 2.76B | 2.73B | 2.79B | 2.79B | 2.78B | 2.77B | 2.79B |
| Weighted Average Shares Outstanding Diluted | 349.75M | 2.84B | 2.81B | 2.81B | 2.76B | 2.79B | 2.81B | 2.80B | 2.78B | 2.80B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $24.83B | $25.23B | $53.16B | $36.85B | $35.78B | $33.44B | $27.64B | $11.08B | $10.90B | $9.96B |
| Short Term Investments | $102.61B | $168.67B | $120.84B | $143.24B | $126.40B | $112.92B | $111.63B | $107.73B | $78.94B | $57.97B |
| Cash and Short Term Investments | $127.44B | $193.90B | $174.00B | $180.09B | $162.18B | $146.37B | $139.26B | $118.81B | $89.84B | $67.93B |
| Net Receivables | $10.89B | $16.62B | $21.14B | $14.83B | $11.59B | $11.47B | $9.11B | $5.05B | $4.87B | $4.32B |
| Inventory | $- | $1.40B | $1.23B | $1.48B | $5.25B | $996.00M | $2.19B | $252.00M | $317.52M | $96.00M |
| Other Current Assets | $30.52B | $17.95B | $16.11B | $16.54B | $8.51B | $7.28B | $6.80B | $27.10B | $4.81B | $5.61B |
| Total Current Assets | $168.85B | $230.25B | $212.85B | $213.31B | $183.34B | $165.56B | $155.09B | $151.17B | $99.76B | $78.23B |
| Property Plant Equipment Net | $41.00B | $38.81B | $34.34B | $35.09B | $27.31B | $25.64B | $17.90B | $12.47B | $11.29B | $10.63B |
| Goodwill | $22.59B | $22.59B | $22.48B | $22.61B | $22.25B | $18.25B | $18.54B | $15.81B | $15.34B | $15.40B |
| Intangible Assets | $7.70B | $7.85B | $21.10B | $19.90B | $15.01B | $7.89B | $9.18B | $5.47B | $3.87B | $3.33B |
| Goodwill and Intangible Assets | $30.29B | $30.43B | $43.57B | $42.50B | $37.26B | $26.14B | $27.72B | $21.27B | $19.21B | $18.73B |
| Long Term Investments | $140.26B | $72.62B | $78.93B | $67.33B | $76.23B | $69.41B | $80.45B | $56.28B | $45.69B | $37.96B |
| Tax Assets | $- | $- | $2.13B | $2.37B | $1.67B | $2.19B | $2.32B | $1.53B | $1.10B | $1.01B |
| Other Non-Current Assets | $47.39B | $34.64B | $19.16B | $19.42B | $6.89B | $12.37B | $14.07B | $9.00B | $4.94B | $1.30B |
| Total Non-Current Assets | $258.93B | $176.50B | $178.12B | $166.72B | $149.37B | $135.75B | $142.47B | $100.56B | $82.24B | $69.62B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $427.78B | $406.76B | $390.97B | $380.03B | $332.71B | $301.32B | $297.57B | $251.73B | $182.00B | $147.85B |
| Account Payables | $41.44B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Debt | $22.41B | $22.20B | $23.36B | $17.54B | $17.56B | $10.86B | $10.00B | $7.75B | $9.79B | $1.12B |
| Tax Payables | $3.53B | $2.69B | $3.64B | $4.43B | $3.78B | $3.12B | $2.34B | $2.27B | $793.48M | $334.06M |
| Deferred Revenue | $- | $16.33B | $13.19B | $13.80B | $13.57B | $11.59B | $9.74B | $8.14B | $7.19B | $6.36B |
| Other Current Liabilities | $13.57B | $35.24B | $38.28B | $37.78B | $53.30B | $30.68B | $33.75B | $62.80B | $26.05B | $15.76B |
| Total Current Liabilities | $80.95B | $76.45B | $79.63B | $74.49B | $68.39B | $57.38B | $56.85B | $82.06B | $46.10B | $26.10B |
| Long Term Debt | $56.92B | $62.40B | $67.99B | $73.97B | $65.03B | $62.68B | $54.90B | $35.81B | $34.47B | $33.95B |
| Deferred Revenue Non-Current | $- | $- | $490.00M | $352.00M | $783.00M | $1.03B | $1.36B | $73.00M | $27.83M | $17.41M |
| Deferred Tax Liabilities Non-Current | $- | $- | $2.90B | $3.29B | $3.07B | $3.27B | $4.10B | $3.38B | $3.59B | $3.44B |
| Other Non-Current Liabilities | $6.30B | $5.30B | $5.54B | $7.62B | $7.45B | $8.44B | $10.06B | $3.49B | $3.68B | $3.58B |
| Total Non-Current Liabilities | $63.22B | $67.70B | $73.54B | $81.59B | $72.48B | $71.12B | $64.96B | $39.30B | $38.15B | $37.53B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $144.17B | $144.15B | $153.17B | $156.08B | $140.87B | $128.50B | $121.81B | $121.36B | $84.25B | $63.64B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $263.62B | $- | $- | $- | $- | $- | $- | $- | $15.00K | $15.00K |
| Retained Earnings | $- | $161.24B | $148.34B | $145.16B | $135.28B | $126.27B | $129.25B | $102.33B | $85.73B | $74.66B |
| Accumulated Other Comprehensive Income Loss | $- | $-895.00M | $546.00M | $-8.00M | $199.00M | $-1.38B | $210.00M | $930.00M | $-1.78B | $-806.06M |
| Other Total Stockholders Equity | $- | $83.28B | $74.59B | $66.31B | $47.21B | $38.71B | $33.44B | $12.09B | $8.32B | $6.40B |
| Total Stockholders Equity | $263.62B | $243.63B | $223.48B | $211.46B | $182.70B | $163.60B | $162.90B | $115.35B | $92.27B | $80.26B |
| Total Equity | $283.61B | $262.61B | $237.81B | $223.95B | $191.84B | $172.81B | $175.75B | $130.37B | $97.74B | $84.22B |
| Total Liabilities and Stockholders Equity | $427.78B | $406.76B | $390.97B | $380.03B | $332.71B | $301.32B | $297.57B | $251.73B | $182.00B | $147.85B |
| Minority Interest | $19.99B | $18.98B | $14.33B | $12.49B | $9.15B | $9.22B | $12.86B | $15.03B | $5.47B | $3.96B |
| Total Liabilities and Total Equity | $427.78B | $406.76B | $390.97B | $380.03B | $332.71B | $301.32B | $297.57B | $251.73B | $182.00B | $147.85B |
| Total Investments | $242.86B | $241.29B | $199.76B | $210.57B | $202.63B | $182.33B | $192.08B | $164.01B | $124.63B | $95.93B |
| Total Debt | $79.32B | $84.59B | $91.35B | $91.51B | $82.59B | $73.53B | $64.90B | $43.57B | $44.27B | $35.07B |
| Net Debt | $54.49B | $59.36B | $38.20B | $54.66B | $46.81B | $40.09B | $37.27B | $32.48B | $33.37B | $25.11B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $23.76B | $21.55B | $7.53B | $7.59B | $19.03B | $-2.29B | $22.58B | $18.29B | $11.60B | $32.43B |
| Depreciation and Amortization | $- | $21.46B | $20.08B | $22.56B | $22.71B | $22.14B | $16.19B | $11.75B | $8.33B | $5.86B |
| Deferred Income Tax | $- | $-163.00M | $-99.00M | $-449.00M | $115.00M | $-696.00M | $-761.00M | $-756.00M | $-13.56M | $2.26B |
| Stock Based Compensation | $4.78B | $6.34B | $6.79B | $7.06B | $6.73B | $5.63B | $4.68B | $3.24B | $1.76B | $1.39B |
| Change in Working Capital | $- | $-13.07B | $-16.76B | $-18.69B | $-18.21B | $-6.69B | $3.28B | $6.58B | $5.64B | $4.24B |
| Accounts Receivables | $- | $216.00M | $-2.37B | $-2.14B | $-1.66B | $-1.78B | $-1.61B | $-721.00M | $-238.20M | $-868.56M |
| Inventory | $- | $- | $- | $-24.28B | $-17.64B | $-4.73B | $-50.00M | $1.13B | $1.50B | $-2.22B |
| Accounts Payables | $2.30B | $-858.00M | $-1.45B | $7.14B | $208.00M | $-1.65B | $4.09B | $5.10B | $3.71B | $7.18B |
| Other Working Capital | $-29.92B | $-12.43B | $-12.94B | $593.00M | $884.00M | $1.48B | $848.00M | $1.06B | $662.37M | $143.28M |
| Other Non Cash Items | $-7.31B | $494.00M | $8.62B | $2.06B | $-6.18B | $10.37B | $-10.00B | $-6.22B | $-5.05B | $-26.76B |
| Net Cash Provided by Operating Activities | $21.23B | $36.62B | $26.17B | $20.12B | $24.20B | $28.46B | $35.97B | $32.88B | $22.26B | $19.42B |
| Investments in Property Plant and Equipment | $-8.13B | $-11.19B | $-8.39B | $-11.24B | $-5.33B | $-19.12B | $-22.36B | $-13.95B | $-10.51B | $-7.77B |
| Acquisitions Net | $- | $-115.00M | $256.00M | $-12.28B | $-2.88B | $-1.45B | $3.60B | $892.00M | $274.71M | $-3.87B |
| Purchases of Investments | $- | $-203.48B | $-185.15B | $-200.50B | $-296.67B | $-344.68B | $-338.04B | $-316.44B | $-242.95B | $-182.30B |
| Sales Maturities of Investments | $- | $161.92B | $190.10B | $192.50B | $276.43B | $345.24B | $316.37B | $276.03B | $221.58B | $162.64B |
| Other Investing Activities | $-421.00M | $2.47B | $-761.00M | $71.00M | $905.00M | $31.00M | $5.97B | $-23.46B | $-4.30B | $41.50M |
| Net Cash Used for Investing Activities | $-8.55B | $-50.40B | $-3.94B | $-31.44B | $-27.55B | $-19.97B | $-34.46B | $-76.94B | $-35.91B | $-31.27B |
| Debt Repayment | $-7.54B | $-18.00B | $-8.00B | $8.84B | $12.39B | $1.34B | $20.73B | $23.59B | $6.85B | $10.35B |
| Common Stock Issued | $- | $3.46B | $1.23B | $20.56B | $4.66B | $401.00M | $15.69B | $4.05B | $661.00M | $3.53B |
| Common Stock Repurchased | $-6.32B | $-4.76B | $-1.93B | $-7.58B | $-13.05B | $-4.96B | $-3.31B | $-1.72B | $- | $-6.38B |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $-35.90B | $- | $-12.89B |
| Other Financing Activities | $102.00M | $5.14B | $2.31B | $1.58B | $1.67B | $-654.00M | $-18.02B | $54.55B | $6.94B | $13.17B |
| Net Cash Used Provided by Financing Activities | $-13.76B | $-14.16B | $-6.39B | $23.40B | $5.67B | $-3.87B | $15.08B | $44.56B | $14.45B | $7.78B |
| Effect of Forex Changes on Cash | $95.00M | $282.00M | $1.73B | $-943.00M | $-212.00M | $1.00M | $1.90B | $-316.00M | $144.31M | $179.18M |
| Net Change in Cash | $-985.00M | $-27.66B | $17.57B | $11.13B | $2.10B | $4.61B | $18.49B | $186.00M | $938.53M | $-3.89B |
| Cash at End of Period | $36.59B | $37.57B | $65.24B | $47.67B | $36.54B | $34.44B | $29.83B | $11.08B | $10.90B | $9.96B |
| Cash at Beginning of Period | $37.57B | $65.24B | $47.67B | $36.54B | $34.44B | $29.83B | $11.34B | $10.90B | $9.96B | $13.85B |
| Operating Cash Flow | $21.23B | $36.62B | $26.17B | $20.12B | $24.20B | $28.46B | $35.97B | $32.88B | $22.26B | $19.42B |
| Capital Expenditure | $-8.13B | $-11.29B | $-8.39B | $-11.24B | $-5.33B | $-19.12B | $-22.36B | $-13.95B | $-10.51B | $-7.77B |
| Free Cash Flow | $13.10B | $25.32B | $17.78B | $8.88B | $18.87B | $9.34B | $13.61B | $18.93B | $11.75B | $11.65B |