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Earnings Per Share ("EPS") | 12 Months Ended
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Dec. 31, 2013
Earnings Per Share [Abstract] |
Earnings Per Share ("EPS") |
17. | EARNINGS PER SHARE (“EPS”)
A reconciliation of net income attributable to Baidu, Inc. in the consolidated statements of comprehensive income to the numerator for the computation of basic and diluted per share for the years ended December 31, 2011, 2012 and 2013 is as follows:
|  | For the years ended December 31, |
|  | 2011 |  |  | 2012 |  |  | 2013 |  |  | 2013 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (In thousands) |
Net income attributable to Baidu, Inc. |  |  | 6,638,637 |  |  |  | 10,456,028 |  |  |  | 10,518,966 |  |  |  | 1,737,609 |
Adjustments to the carrying amount of redeemable noncontrolling interests |  |  | — |  |  |  | (22,143 | ) |  |  | (31,799 | ) |  |  | (5,253 | )
Numerator for EPS computation |  |  | 6,638,637 |  |  |  | 10,433,885 |  |  |  | 10,487,167 |  |  |  | 1,732,356 |
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.
|  | For the years ended December 31, |
|  | 2011 |  |  | 2012 |  |  | 2013 |
|  | Class A |  |  | Class B |  |  | Class A |  |  | Class B |  |  | Class A |  |  | Class A |  |  | Class B |  |  | Class B |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |  |  | RMB |  |  | US$ |
|  | (In thousands, except for number of shares, per share and per ADS data) |
Earnings per share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net income attributable to Baidu, Inc. |  |  | 5,153,755 |  |  |  | 1,484,882 |  |  |  | 8,106,219 |  |  |  | 2,327,666 |  |  |  | 8,175,647 |  |  |  | 1,350,520 |  |  |  | 2,311,520 |  |  |  | 381,836 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 27,086,098 |  |  |  | 7,803,952 |  |  |  | 27,145,208 |  |  |  | 7,794,630 |  |  |  | 27,274,769 |  |  |  | 27,274,769 |  |  |  | 7,711,459 |  |  |  | 7,711,459 |
Denominator used for earnings per share |  |  | 27,086,098 |  |  |  | 7,803,952 |  |  |  | 27,145,208 |  |  |  | 7,794,630 |  |  |  | 27,274,769 |  |  |  | 27,274,769 |  |  |  | 7,711,459 |  |  |  | 7,711,459 |
Earnings per share – basic |  |  | 190.27 |  |  |  | 190.27 |  |  |  | 298.62 |  |  |  | 298.62 |  |  |  | 299.75 |  |  |  | 49.52 |  |  |  | 299.75 |  |  |  | 49.52 |
Earnings per share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net income attributable to Baidu, Inc. for diluted computation |  |  | 5,156,846 |  |  |  | 1,481,791 |  |  |  | 8,108,856 |  |  |  | 2,325,029 |  |  |  | 8,178,954 |  |  |  | 1,351,066 |  |  |  | 2,308,213 |  |  |  | 381,290 |
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares |  |  | 1,481,791 |  |  |  | — |  |  |  | 2,325,029 |  |  |  | — |  |  |  | 2,308,213 |  |  |  | 381,290 |  |  |  | — |  |  |  | — |
Allocation of net income attributable to Baidu, Inc. |  |  | 6,638,637 |  |  |  | 1,481,791 |  |  |  | 10,433,885 |  |  |  | 2,325,029 |  |  |  | 10,487,167 |  |  |  | 1,732,356 |  |  |  | 2,308,213 |  |  |  | 381,290 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 27,086,098 |  |  |  | 7,803,952 |  |  |  | 27,145,208 |  |  |  | 7,794,630 |  |  |  | 27,274,769 |  |  |  | 27,274,769 |  |  |  | 7,711,459 |  |  |  | 7,711,459 |
Conversion of Class B to Class A ordinary shares |  |  | 7,803,952 |  |  |  | — |  |  |  | 7,794,630 |  |  |  | — |  |  |  | 7,711,459 |  |  |  | 7,711,459 |  |  |  | — |  |  |  | — |
Share-based awards |  |  | 72,781 |  |  |  | — |  |  |  | 39,621 |  |  |  | — |  |  |  | 50,118 |  |  |  | 50,118 |  |  |  | — |  |  |  | — |
Denominator used for earnings per share |  |  | 34,962,831 |  |  |  | 7,803,952 |  |  |  | 34,979,459 |  |  |  | 7,794,630 |  |  |  | 35,036,346 |  |  |  | 35,036,346 |  |  |  | 7,711,459 |  |  |  | 7,711,459 |
Earnings per share – diluted |  |  | 189.88 |  |  |  | 189.88 |  |  |  | 298.29 |  |  |  | 298.29 |  |  |  | 299.32 |  |  |  | 49.44 |  |  |  | 299.32 |  |  |  | 49.44 |
Earnings per ADS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator used for earnings per ADS – basic |  |  | 270,860,980 |  |  |  |  |  |  |  | 271,452,080 |  |  |  |  |  |  |  | 272,747,690 |  |  |  | 272,747,690 |  |  |  |  |  |  |  |  |
Denominator used for earnings per ADS –diluted |  |  | 349,628,310 |  |  |  |  |  |  |  | 349,794,590 |  |  |  |  |  |  |  | 350,363,460 |  |  |  | 350,363,460 |  |  |  |  |  |  |  |  |
Earnings per ADS – basic |  |  | 19.03 |  |  |  |  |  |  |  | 29.86 |  |  |  |  |  |  |  | 29.98 |  |  |  | 4.95 |  |  |  |  |  |  |  |  |
Earnings per ADS – diluted |  |  | 18.99 |  |  |  |  |  |  |  | 29.83 |  |  |  |  |  |  |  | 29.93 |  |  |  | 4.94 |  |  |  |  |  |  |  |  |
The Company did not include certain stock options and restricted shares in the computation of diluted earnings per share for the years ended December 31, 2011, 2012 and 2013 because those stock options and restricted shares were anti-dilutive for earnings per share for the respective years.

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