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EARNINGS PER SHARE ("EPS") | 12 Months Ended
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Dec. 31, 2011
EARNINGS PER SHARE ("EPS") |
16. | EARNINGS PER SHARE (“EPS”)
On April 28, 2010, the Company announced a change in the ratio of its American depositary shares (“ADSs”) representing Class A ordinary shares from one ADS for one share to ten ADSs for one share, effective on May 12, 2010. For Baidu’s ADS holders, this ratio change has the same effect as ten-for-one ADS split. The following table sets forth the computation of basic and diluted net income attributable to Baidu, Inc. per share for Class A and Class B ordinary shares. (Amounts in thousands of Renminbi (“RMB”), and in thousands of U.S. Dollars (“US$”), except for number of shares, per share and per ADS data)
|  | For the years ended December 31, |
|  | 2009 |  |  | 2010 |  |  | 2011 |
|  | Class A |  |  | Class B |  |  | Class A |  |  | Class B |  |  | Class A |  |  | Class A |  |  | Class B |  |  | Class B |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |  |  | RMB |  |  | US$ |
Earnings per share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net income attributable to Baidu, Inc. |  |  | 1,107,191 |  |  |  | 377,913 |  |  |  | 2,690,712 |  |  |  | 834,456 |  |  |  | 5,153,755 |  |  |  | 818,849 |  |  |  | 1,484,882 |  |  |  | 235,924 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 25,773,592 |  |  |  | 8,797,198 |  |  |  | 26,566,454 |  |  |  | 8,238,907 |  |  |  | 27,086,098 |  |  |  | 27,086,098 |  |  |  | 7,803,952 |  |  |  | 7,803,952 |
Denominator used for earnings per share |  |  | 25,773,592 |  |  |  | 8,797,198 |  |  |  | 26,566,454 |  |  |  | 8,238,907 |  |  |  | 27,086,098 |  |  |  | 27,086,098 |  |  |  | 7,803,952 |  |  |  | 7,803,952 |
Earnings per share - basic |  |  | 42.96 |  |  |  | 42.96 |  |  |  | 101.28 |  |  |  | 101.28 |  |  |  | 190.27 |  |  |  | 30.23 |  |  |  | 190.27 |  |  |  | 30.23 |
Earnings per share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net income attributable to Baidu, Inc. for diluted computation |  |  | 1,107,067 |  |  |  | 378,037 |  |  |  | 2,693,365 |  |  |  | 831,803 |  |  |  | 5,156,846 |  |  |  | 819,340 |  |  |  | 1,481,791 |  |  |  | 235,433 |
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares |  |  | 378,037 |  |  |  | — |  |  |  | 831,803 |  |  |  | — |  |  |  | 1,481,791 |  |  |  | 235,433 |  |  |  | — |  |  |  | — |
Allocation of net income attributable to Baidu, Inc. |  |  | 1,485,104 |  |  |  | 378,037 |  |  |  | 3,525,168 |  |  |  | 831,803 |  |  |  | 6,638,637 |  |  |  | 1,054,773 |  |  |  | 1,481,791 |  |  |  | 235,433 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 25,773,592 |  |  |  | 8,797,198 |  |  |  | 26,566,454 |  |  |  | 8,238,907 |  |  |  | 27,086,098 |  |  |  | 27,086,098 |  |  |  | 7,803,952 |  |  |  | 7,803,952 |
Conversion of Class B to Class A ordinary shares |  |  | 8,797,198 |  |  |  | — |  |  |  | 8,238,907 |  |  |  | — |  |  |  | 7,803,952 |  |  |  | 7,803,952 |  |  |  | — |  |  |  | — |
Share-based awards |  |  | 205,576 |  |  |  | 55,210 |  |  |  | 112,474 |  |  |  | 350 |  |  |  | 72,781 |  |  |  | 72,781 |  |  |  | — |  |  |  | — |
Denominator used for earnings per share |  |  | 34,776,366 |  |  |  | 8,852,408 |  |  |  | 34,917,835 |  |  |  | 8,239,257 |  |  |  | 34,962,831 |  |  |  | 34,962,831 |  |  |  | 7,803,952 |  |  |  | 7,803,952 |
Earnings per share - diluted |  |  | 42.70 |  |  |  | 42.70 |  |  |  | 100.96 |  |  |  | 100.96 |  |  |  | 189.88 |  |  |  | 30.17 |  |  |  | 189.88 |  |  |  | 30.17 |
Earnings per ADS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator used for earnings per ADS - basic |  |  | 257,735,920 |  |  |  | — |  |  |  | 265,664,540 |  |  |  | — |  |  |  | 270,860,980 |  |  |  | 270,860,980 |  |  |  | — |  |  |  | — |
Denominator used for earnings per ADS - diluted |  |  | 347,763,660 |  |  |  | — |  |  |  | 349,178,350 |  |  |  | — |  |  |  | 349,628,310 |  |  |  | 349,628,310 |  |  |  | — |  |  |  | — |
Earnings per ADS - basic |  |  | 4.30 |  |  |  | — |  |  |  | 10.13 |  |  |  | — |  |  |  | 19.03 |  |  |  | 3.02 |  |  |  | — |  |  |  | — |
Earnings per ADS - diluted |  |  | 4.27 |  |  |  | — |  |  |  | 10.10 |  |  |  | — |  |  |  | 18.99 |  |  |  | 3.02 |  |  |  | — |  |  |  | — |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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