Earnings Per Share ("EPS") (Tables)

12 Months Ended

Dec. 31, 2014

Reconciliation of Net Income to Numerator for Computation of Basic and Diluted Net Income per Share

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, 2012, 2013 and 2014 is as follows:


	For the years ended December 31,
	2012			2013			2014			2014
	RMB			RMB			RMB			US$
	(In thousands)
Net income attributable to Baidu, Inc.		10,456,028			10,518,966			13,187,069			2,125,372
Accretion of the redeemable noncontrolling interests		(22,143	)		(31,799	)		(52,683	)		(8,493	)

Numerator for EPS computation		10,433,885			10,487,167			13,134,386			2,116,879

Computation of Basic and Diluted Net Income Attributable to Baidu, Inc. Per Share for Class A and Class B Ordinary Shares

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,
	2012				2013				2014
	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.		8,106,219		2,327,666		8,175,647		2,311,520		10,320,767		1,663,406		2,813,619		453,473
Denominator
Weighted average ordinary shares outstanding		27,145,208		7,794,630		27,274,769		7,711,459		27,551,463		27,551,463		7,511,003		7,511,003

Denominator used for earnings per share		27,145,208		7,794,630		27,274,769		7,711,459		27,551,463		27,551,463		7,511,003		7,511,003
Earnings per share – basic		298.62		298.62		299.75		299.75		374.60		60.37		374.60		60.37

Earnings per share – diluted:
Numerator
Allocation of net income attributable to Baidu, Inc. for diluted computation		8,108,856		2,325,029		8,178,954		2,308,213		10,331,639		1,665,158		2,802,747		451,721
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares		2,325,029		—		2,308,213		—		2,802,747		451,721		—		—

Allocation of net income attributable to Baidu, Inc.		10,433,885		2,325,029		10,487,167		2,308,213		13,134,386		2,116,879		2,802,747		451,721
Denominator
Weighted average ordinary shares outstanding		27,145,208		7,794,630		27,274,769		7,711,459		27,551,463		27,551,463		7,511,003		7,511,003
Conversion of Class B to Class A ordinary shares		7,794,630		—		7,711,459		—		7,511,003		7,511,003		—		—
Share-based awards		39,621		—		50,118		—		136,008		136,008		—		—

Denominator used for earnings per share		34,979,459		7,794,630		35,036,346		7,711,459		35,198,474		35,198,474		7,511,003		7,511,003
Earnings per share – diluted		298.29		298.29		299.32		299.32		373.15		60.14		373.15		60.14

Earnings per ADS:
Denominator used for earnings per ADS – basic		271,452,080				272,747,690				275,514,630		275,514,630
Denominator used for earnings per ADS – diluted		349,794,590				350,363,460				351,984,740		351,984,740
Earnings per ADS – basic		29.86				29.98				37.46		6.04

Earnings per ADS – diluted		29.83				29.93				37.32		6.01