Baidu, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.03B | $10.16B | $10.25B | $7.91B | $5.28B | $3.58B | $2.30B | $1.20B |
| Cost of Revenue | $6.62B | $5.08B | $4.24B | $3.04B | $1.90B | $1.04B | $619.2M | $325.7M |
| Gross Profit | $6.42B | $5.08B | $6.01B | $4.86B | $3.38B | $2.55B | $1.68B | $873.6M |
| Gross Margin | 49.2% | 50.0% | 58.6% | 61.5% | 64.1% | 71.1% | 73.1% | 72.8% |
| Operating Expenses | ||||||||
| Research & Development | $1.99B | $1.46B | $1.57B | $1.13B | $678.4M | $370.0M | $212.0M | $108.8M |
| SG&A Expense | $2.02B | $2.17B | $2.64B | $1.67B | $854.6M | $401.5M | $269.0M | $165.0M |
| Operating Income | $2.41B | $1.45B | $1.80B | $2.06B | $1.85B | $1.77B | $1.20B | $599.8M |
| Operating Margin | 18.5% | 14.2% | 17.6% | 26.1% | 35.0% | 49.5% | 52.2% | 50.0% |
| Interest Expense | $248.0M | $166.7M | $160.8M | $101.3M | $73.9M | — | — | — |
| Pretax Income | $3.27B | $2.09B | $5.85B | $2.33B | $2.01B | $1.92B | $1.24B | — |
| Income Tax Expense | $460.0M | $419.6M | $845.1M | $359.6M | $302.1M | $252.7M | $188.9M | $81.2M |
| Net Income | $2.81B | $1.68B | $5.20B | $2.13B | $1.74B | $1.68B | $1.05B | $534.1M |
| Net Margin | 21.6% | 16.5% | 50.7% | 26.9% | 32.9% | 46.9% | 45.7% | 44.5% |
| EPS (Basic) | — | — | — | — | — | — | — | $15.35 |
| EPS (Diluted) | — | — | — | — | — | — | — | $15.30 |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | 34.8M |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | 34.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |