XML 106 R48.htm IDEA: XBRL DOCUMENT

Earnings Per Share ("EPS") (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation of Net Income to Numerator for Computation of Basic and Diluted 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, 2017, 2018 and 2019 is as follows:


	For the years ended December 31,
	2017		2018			2019			2019
	RMB		RMB			RMB			US$
	(In millions)
Net income attributable to Baidu, Inc.		18,301		27,573			2,057			296
Accretion of the redeemable noncontrolling interests		17		(130	)		(77	)		(11	)
Numerator for basic EPS computation		18,318		27,443			1,980			285
Impact of subsidiaries’ and investees’ diluted earnings per share		—		—			(28	)		(4	)
Numerator for diluted EPS computation		18,318		27,443			1,952			281

Computation of Basic and Diluted Earnings Per Class A and Class B Ordinary Share

The following table sets forth the computation of basic and diluted earnings per Class A and Class B ordinary share.


	For the years ended December 31,
	2017				2018				2019				2019
	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 millions, except for number of shares, per share and per ADS data)
Earnings per share – basic:
Numerator
Allocation of net income attributable to Baidu, Inc.		14,488		3,830		21,780		5,663		1,571		226		409		59
Denominator

Weighted average ordinary shares outstanding		27,464,760		7,260,363		27,697,335		7,201,254		27,633,243		27,633,243		7,201,254		7,201,254

Denominator used for basic EPS		27,464,760		7,260,363		27,697,335		7,201,254		27,633,243		27,633,243		7,201,254		7,201,254

Earnings per share – basic		527.51		527.51		786.36		786.36		56.84		8.16		56.84		8.16

Earnings per share – diluted:
Numerator
Allocation of net income attributable to Baidu, Inc. for diluted computation		14,513		3,805		21,824		5,619		1,549		223		403		58
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares		3,805		—		5,619		—		403		58		—		—

Numerator for diluted EPS calculation		18,318		3,805		27,443		5,619		1,952		281		403		58
Denominator
Weighted average ordinary shares outstanding		27,464,760		7,260,363		27,697,335		7,201,254		27,633,243		27,633,243		7,201,254		7,201,254
Conversion of Class B to Class A ordinary shares		7,260,363		—		7,201,254		—		7,201,254		7,201,254		—		—
Share-based awards		227,268		—		272,454		—		50,357		50,357		—		—

Denominator used for diluted EPS		34,952,391		7,260,363		35,171,043		7,201,254		34,884,854		34,884,854		7,201,254		7,201,254

Earnings per share – diluted		524.08		524.08		780.27		780.27		55.96		8.04		55.96		8.04

Earnings per ADS:
Denominator used for earnings per ADS – basic		274,647,600				276,973,350				276,332,430		276,332,430
Denominator used for earnings per ADS – diluted		349,523,907				351,710,430				348,848,540		348,848,540
Earnings per ADS – basic		52.75				78.64				5.68		0.82

Earnings per ADS – diluted		52.41				78.03				5.60		0.80