Baidu Inc ADR (BIDU) financial statements: income statement, balance sheet and cash flow
Baidu Inc ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Baidu Inc ADR reported revenue of $129.1B (-3.0% year on year) and net income of $5.6B (-76.5% year on year).
Income statement
Baidu Inc ADR income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$129.1B
$133.1B
$134.6B
$123.7B
Cost of revenue
$72.4B
$66.1B
$65.0B
$63.9B
Selling, general and administrative
$25.8B
$23.6B
$23.5B
$20.5B
Research and development
$20.4B
$22.1B
$24.2B
$23.3B
Impairment of long-lived assets
$16.2B
—
—
—
Total costs and expenses
$134.9B
$111.9B
$112.7B
$107.8B
Operating income (loss)
($5.8B)
$21.3B
$21.9B
$15.9B
Interest income
$8.6B
$8.0B
$8.0B
$6.2B
Interest expense
($2.8B)
($2.8B)
($3.2B)
($2.9B)
Foreign exchange gain (loss), net
($2.2B)
$1.1B
$595.0M
($1.5B)
Share of earnings (losses) from equity method investments
$3.2B
($691.0M)
($3.8B)
($1.9B)
Others, net
$5.8B
$1.8B
$1.8B
($5.7B)
Total other income, net
$12.5B
$7.4B
$3.3B
($5.8B)
Income before income taxes
$6.7B
$28.6B
$25.2B
$10.1B
Income tax expense
$1.3B
$4.4B
$3.6B
$2.6B
Net income
$5.5B
$24.2B
$21.5B
$7.5B
Less: net income (loss) attributable to noncontrolling interests
($132.0M)
$415.0M
$1.2B
($25.0M)
Net income attributable to Baidu, Inc.
$5.6B
$23.8B
$20.3B
$7.6B
Basic
$3.42
$16.62
$13.96
$5.00
Diluted
$2.94
$16.48
$13.78
$4.96
Basic
4.9B
5.1B
5.1B
5.0B
Diluted
5.5B
5.6B
5.7B
5.6B
Foreign currency translation adjustments
$624.0M
($766.0M)
($913.0M)
($751.0M)
Unrealized gains (losses) on available-for-sale investments, net of reclassification
($96.0M)
$174.0M
($201.0M)
($392.0M)
Unrealized losses on derivatives
($511.0M)
($387.0M)
($422.0M)
$1.3B
Other comprehensive income (loss), net of tax
$17.0M
($979.0M)
($1.5B)
$123.0M
Comprehensive income
$5.5B
$23.2B
$20.0B
$7.7B
Less: comprehensive income (loss) attributable to noncontrolling interests
($268.0M)
$344.0M
$1.1B
($456.0M)
Comprehensive income attributable to Baidu, Inc.
$5.7B
$22.9B
$18.9B
$8.1B
Baidu Inc ADR income statement, quarters
Line item
Jun 30, 2020 · YTD
Sep 30, 2018 · YTD
Total revenues
$48.6B
$75.1B
Cost of revenues
$27.8B
$36.1B
Selling, general and administrative
$8.3B
$13.3B
Research and development
$9.3B
$11.2B
Total operating costs and expenses
$45.4B
$60.7B
Operating (loss) profit
$3.2B
$14.4B
Interest income
$2.8B
$3.0B
Interest expense
($1.6B)
($1.3B)
Foreign exchange loss, net
($43.0M)
($72.0M)
Loss from equity method investments
($1.6B)
$311.0M
Others, net
($265.0M)
$10.0B
Total other income (loss), net
($677.0M)
$11.9B
Income before income taxes
$2.5B
$26.3B
Income taxes
$1.4B
$4.3B
Net income (loss)
$1.1B
$22.0B
Less: net loss attributable to noncontrolling interests
($2.5B)
($3.5B)
Net income attributable to Baidu, Inc.
$3.6B
$25.5B
Basic
$207.32
$1453.74
Diluted
$206.40
$1440.60
Basic
61.8M
62.6M
Diluted
69.3M
70.4M
Foreign currency translation adjustments
($11.0M)
$159.0M
Unrealized gains (losses) on available-for-sale investments, net of reclassification
($162.0M)
$317.0M
Other comprehensive income (loss), net of tax
($173.0M)
$476.0M
Comprehensive income
$937.0M
$22.5B
Less: comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests
($2.4B)
($2.5B)
Comprehensive income attributable to Baidu, Inc.
$3.4B
$25.0B
Balance sheet
Baidu Inc ADR balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$24.6B
$24.8B
$25.2B
$53.2B
Restricted cash
$225.0M
$11.7B
$11.5B
$11.3B
Short-term investments, net
$90.7B
$102.6B
$168.7B
$120.8B
Accounts receivable, net of allowance of RMB3,517 and RMB5,001 (US$715) as of December 31, 2024 and 2025, respectively
$13.0B
$10.1B
$10.8B
$11.7B
Amounts due from related parties
$761.0M
$790.0M
$1.4B
$5.4B
Other current assets, net
$22.7B
$18.8B
$12.6B
$10.4B
Total current assets
$152.0B
$168.8B
$230.3B
$212.8B
Fixed assets, net
$26.3B
$30.1B
$28.0B
$24.0B
Licensed copyrights, net
$6.0B
$6.9B
$7.0B
$6.8B
Produced content, net
$14.6B
$14.7B
$13.4B
$13.0B
Intangible assets, net
$3.9B
$772.0M
$881.0M
$1.3B
Goodwill
$36.8B
$22.6B
$22.6B
$22.5B
Long-term investments, net
$44.9B
$41.7B
$48.0B
$55.3B
Long-term time deposits and held-to-maturity investments
$123.9B
$98.5B
$24.7B
$23.6B
Amounts due from related parties
$167.0M
$137.0M
$195.0M
$60.0M
Deferred tax assets, net
$4.6B
$2.2B
$2.1B
$2.1B
Operating lease right-of-use assets
$8.6B
$10.9B
$10.9B
$10.4B
Receivables related to the proposed acquisition of YY Live, net
$0
—
—
—
Other non-current assets
$27.6B
$16.8B
$19.0B
$19.1B
Total non-current assets
$297.2B
$258.9B
$176.5B
$178.1B
Total assets
$449.2B
$427.8B
$406.8B
$391.0B
Short-term loans
$7.6B
$10.7B
$10.3B
$5.3B
Accounts payable and accrued liabilities
$38.9B
$41.4B
$37.7B
$38.0B
Customer deposits and deferred revenue
$13.1B
$14.6B
$14.6B
$13.1B
Deferred income
$531.0M
$684.0M
$306.0M
$72.0M
Long-term loans, current portion
$14.8B
$168.0M
$2.0M
$0
Convertible senior notes, current portion
$1.5B
$242.0M
$2.8B
$8.3B
Notes payable, current portion
$4.6B
$8.0B
$6.0B
$6.9B
Amounts due to related parties
$2.0B
$1.8B
$1.6B
$5.1B
Operating lease liabilities
$3.5B
$3.3B
$3.1B
$2.8B
Total current liabilities
$86.3B
$81.0B
$76.5B
$79.6B
Deferred income
$198.0M
$231.0M
$200.0M
$159.0M
Deferred revenue
$723.0M
$585.0M
$481.0M
$331.0M
Amounts due to related parties
$36.0M
$56.0M
—
$99.0M
Long-term loans
$3.4B
$15.6B
$14.2B
$13.7B
Notes payable
$51.0B
$28.0B
$35.0B
$39.9B
Convertible senior notes
$6.7B
$8.4B
$8.1B
$9.6B
Deferred tax liabilities
$5.0B
$3.9B
$2.7B
$2.9B
Operating lease liabilities
$4.1B
$5.0B
$5.0B
$4.8B
Other non-current liabilities
$2.0B
$1.6B
$1.8B
$2.1B
Total non-current liabilities
$73.1B
$63.2B
$67.7B
$73.5B
Total liabilities
$159.4B
$144.2B
$144.2B
$153.2B
Redeemable noncontrolling interests
$13.2B
$9.9B
$9.5B
$8.4B
Ordinary shares, value
0
0
0
0
Additional paid-in capital
$95.0B
$91.6B
$87.1B
$79.9B
Baidu Inc ADR balance sheet, quarters
Line item
Jun 30, 2020
Sep 30, 2018
Cash and cash equivalents
$20.3B
$15.8B
Restricted cash
$1.5B
$15.0M
Short-term investments
$132.2B
$88.7B
Accounts receivable, net of allowance of RMB928 and RMB1,319 (US$187) as of December 31, 2019 and June 30, 2020, respectively
$6.7B
$5.5B
Amounts due from related parties
$1.6B
$23.3B
Other current assets, net
$9.7B
$6.7B
Total current assets
$172.0B
$140.0B
Fixed assets, net
$16.9B
$16.2B
Licensed copyrights, net
$5.7B
—
Intangible assets, net
$1.6B
$8.7B
Goodwill
$18.8B
$2.5B
Long-term investments, net
$68.6B
$80.6B
Amounts due from related parties
$3.6B
$2.0B
Deferred tax assets, net
$1.4B
$1.0B
Operating lease right-of-use assets
$7.4B
—
Other non-current assets
$8.4B
$9.7B
Total non-current assets
$132.4B
$135.4B
Total assets
$304.5B
$275.3B
Short-term loans
$3.6B
$1.2B
Accounts payable and accrued liabilities
$32.0B
$33.7B
Customer deposits and deferred revenue
$11.6B
—
Deferred income
$507.0M
$519.0M
Long-term loans, current portion
$7.5B
$10.0M
Notes payable, current portion
$0
$6.9B
Amounts due to related parties
$2.9B
$873.0M
Operating lease liabilities
$2.4B
—
Total current liabilities
$60.4B
$52.6B
Deferred income
$44.0M
$7.0M
Deferred revenue
$756.0M
$1.8B
Amounts due to related parties
$3.9B
$3.0B
Long-term loans
$887.0M
$1.0B
Notes payable
$45.7B
$34.1B
Convertible senior notes
$12.7B
—
Deferred tax liabilities
$3.5B
$4.0B
Operating lease liabilities
$4.4B
—
Other non-current liabilities
$394.0M
$28.0M
Total non-current liabilities
$72.2B
$49.9B
Total liabilities
$132.7B
$102.5B
Redeemable noncontrolling interests
$1.2B
$0
Additional paid-in capital
$41.8B
$32.1B
Retained earnings
$124.4B
$18.5B
Accumulated other comprehensive loss
($1.6B)
$399.0M
Total Baidu, Inc. shareholders' equity
$164.5B
$159.7B
Noncontrolling interests
$6.1B
$1.9B
Total equity
$170.6B
$172.8B
Cash flow statement
Baidu Inc ADR cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$5.5B
$24.2B
$21.5B
$7.5B
Depreciation of fixed assets and computer parts
$7.7B
$6.8B
$7.4B
$6.5B
Amortization and impairment of intangible assets
$555.0M
$295.0M
$430.0M
$467.0M
Impairment of long-lived assets
$16.2B
—
—
—
Deferred income tax, net
($1.3B)
$1.0B
($163.0M)
($99.0M)
Share-based compensation
$3.6B
$4.8B
$6.3B
$6.8B
Allowance for credit losses
$2.0B
$1.1B
$693.0M
$701.0M
Investment and interest income
($7.5B)
($2.6B)
($3.8B)
$4.0B
Amortization of licensed copyrights
$6.1B
$7.5B
$7.1B
—
Amortization and impairment of produced content
$6.9B
$5.9B
$6.5B
$5.4B
Impairment of long-term investments and other assets excluding long-lived assets
$488.0M
—
—
—
Share of losses (earnings) from equity method investments
($3.2B)
$691.0M
$3.8B
$1.9B
Gain on disposal of fixed assets
($11.0M)
($44.0M)
($36.0M)
($58.0M)
Barter transaction revenue
($450.0M)
($902.0M)
($418.0M)
($876.0M)
Accretion on convertible senior notes and others
$261.0M
$311.0M
$332.0M
$146.0M
Other non-cash expenses (income)
$2.1B
($958.0M)
($864.0M)
$598.0M
Accounts receivable
($4.5B)
$327.0M
$216.0M
($2.4B)
Amounts due from related parties
$6.0M
($220.0M)
($196.0M)
$264.0M
Licensed copyrights
($4.9B)
($6.5B)
($6.4B)
($6.1B)
Produced content
($6.7B)
($7.2B)
($6.9B)
($7.4B)
Other assets
($22.4B)
($16.8B)
($691.0M)
$965.0M
Customer deposits and deferred revenue
($1.8B)
$103.0M
$1.6B
($460.0M)
Accounts payable and accrued liabilities and other non-current liabilities
($1.8B)
$2.3B
($858.0M)
($1.4B)
Deferred income
($99.0M)
$410.0M
$273.0M
$16.0M
Amounts due to related parties
$157.0M
$92.0M
($147.0M)
($189.0M)
Net cash provided by/ (used in) operating activities
($3.0B)
$21.2B
$36.6B
$26.2B
Acquisition of fixed assets
($12.1B)
($8.1B)
($11.2B)
($8.3B)
Acquisition of businesses, net of cash acquired
($1.2B)
—
($115.0M)
($14.0M)
Acquisition of intangible assets
($1.3B)
($125.0M)
($105.0M)
($107.0M)
Purchases of time deposits and held-to-maturity investments
($160.7B)
($225.9B)
($198.7B)
($173.9B)
Maturities of time deposits and held-to-maturity investments
$155.7B
$224.2B
$152.9B
$178.8B
Purchases of available-for-sale debt investments
($151.4B)
($79.0B)
($3.3B)
($7.6B)
Sales and maturities of available-for-sale debt investments
$146.8B
$74.4B
$2.2B
$9.3B
Purchases of trading investments
($3.4B)
—
—
—
Purchases of equity investments
($646.0M)
($795.0M)
($1.5B)
($3.6B)
Proceeds from disposal of equity investments
$3.9B
$6.7B
$6.9B
$2.0B
Loans provided to third parties
($813.0M)
($2.4B)
($1.5B)
$0
Loans provided to related parties
($100.0M)
($38.0M)
($1.0M)
($859.0M)
Return of equity method investments
$29.0M
$2.5B
—
—
Other investing activities
$107.0M
($28.0M)
$89.0M
$98.0M
Net cash used in investing activities
($25.1B)
($8.6B)
($50.4B)
($3.9B)
Proceeds from short-term loans
$12.0B
$22.5B
$15.9B
$6.3B
Repayments of short-term loans
($15.0B)
($22.0B)
($11.0B)
($5.1B)
Proceeds from long-term loans
$3.5B
$1.1B
$130.0M
$0
Repayments of long-term loans
($547.0M)
($6.2B)
($7.3B)
($11.5B)
Baidu Inc ADR cash flow statement, quarters
Line item
Jun 30, 2020 · YTD
Sep 30, 2018 · YTD
Net income
$1.1B
$22.0B
Depreciation of fixed assets and computer parts
$2.8B
$2.6B
Amortization of intangible assets
$293.0M
$9.2B
Deferred income tax, net
$683.0M
$504.0M
Share-based compensation
$3.3B
$3.1B
Provision for doubtful accounts
$396.0M
$507.0M
Investment and interest income
($2.7B)
($6.1B)
Amortization and impairment of licensed copyrights
$6.8B
—
Amortization and impairment of produced content
$2.2B
—
Impairment of other assets
$2.9B
$1.0B
Loss from equity method investments
$1.6B
($311.0M)
Barter transaction revenue
($939.0M)
($824.0M)
Other non-cash expenses
$341.0M
($64.0M)
Other operating activities
($12.0M)
—
Accounts receivable
$482.0M
($428.0M)
Amounts due from related parties
($240.0M)
$16.0M
Licensed copyrights, net
($5.6B)
—
Produced content
($2.3B)
—
Other assets
($156.0M)
($926.0M)
Customer deposits and deferred revenue
$157.0M
—
Accounts payable and accrued liabilities
($1.1B)
$1.4B
Deferred income
$5.0M
($87.0M)
Amounts due to related parties
$264.0M
$972.0M
Net cash generated from operating activities
$10.4B
$27.0B
Acquisition of fixed assets
($1.4B)
($5.7B)
Acquisition of businesses, net of cash acquired
($693.0M)
($1.2B)
Acquisition of licensed copyrights
$0
—
Acquisition of intangible assets excluding licensed copyrights
($150.0M)
—
Purchases of held-to-maturity investments
($65.0B)
($20.0B)
Maturities of held-to-maturity investments
$48.5B
$36.5B
Purchases of available-for-sale investments
($91.6B)
($187.6B)
Sales and maturities of available-for-sale investments
$89.9B
$169.0B
Purchases of other long-term investments
($2.0B)
($6.8B)
Proceeds from disposal of long-term investments
$2.0B
$2.5B
Disposal of subsidiary's shares
-49.0M
-5.4B
Repayment of loans provided to related parties
$100.0M
—
Other investing activities
$12.0M
—
Net cash used in investing activities
($20.4B)
($22.9B)
Proceeds from short-term loans
$2.2B
$1.5B
Repayments of short-term loans
($1.2B)
($650.0M)
Repayments of long-term loans
($296.0M)
($94.0M)
Proceeds from issuance of long-term notes, net of issuance costs
$7.0B
—
Repayment of long-term notes
($5.4B)
($6.8B)
Proceeds from issuance of convertible notes, net of issuance costs