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Earnings Per Share ("EPS") | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share ("EPS") | 18. EARNINGS PER SHARE (“EPS”) A reconciliation of net income attributable to Baidu, Inc. in the interim condensed consolidated statements of comprehensive income to the numerator for the computation of basic and diluted earnings per share for the six-month periods ended June 30, 2019 and 2020 is as follows:
|  | For the six months ended |
|  | June 30, 2019 |  |  | June 30, 2020 |  |  | June 30, 2020 |
|  | RMB |  |  | RMB |  |  | US$ |
|  | (In millions) |
|  | (unaudited) |
Net income attributable to Baidu, Inc. |  |  | 2,085 |  |  |  | 3,620 |  |  |  | 513 |
Accretion of the redeemable noncontrolling interests |  |  | (35 | ) |  |  | (46 | ) |  |  | (8 | )
Numerator for basic EPS computation |  |  | 2,050 |  |  |  | 3,574 |  |  |  | 505 |
Impact of investees’ diluted earnings per share |  |  | (44 | ) |  |  | — |  |  |  | — |
Numerator for diluted EPS computation |  |  | 2,006 |  |  |  | 3,574 |  |  |  | 505 |
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 six-month periods ended June 30, 2019 and 2020:
|  | For the six months ended |
|  | June 30, 2019 |  |  | June 30, 2020 |
|  | Class A |  |  | Class B |  |  | Class A |  |  | Class A |  |  | Class B |  |  | Class B |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |  |  | RMB |  |  | US$ |
|  | (In millions, except for number of shares, per share and per ADS data) |
|  | (unaudited) |
Earnings per share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net income available to ordinary shareholders |  |  | 1,628 |  |  |  | 422 |  |  |  | 2,828 |  |  |  | 400 |  |  |  | 746 |  |  |  | 105 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 27,780,546 |  |  |  | 7,201,254 |  |  |  | 27,282,775 |  |  |  | 27,282,775 |  |  |  | 7,194,935 |  |  |  | 7,194,935 |
Denominator used for earnings per share |  |  | 27,780,546 |  |  |  | 7,201,254 |  |  |  | 27,282,775 |  |  |  | 27,282,775 |  |  |  | 7,194,935 |  |  |  | 7,194,935 |
Earnings per share—basic |  |  | 58.60 |  |  |  | 58.60 |  |  |  | 103.66 |  |  |  | 14.67 |  |  |  | 103.66 |  |  |  | 14.67 |
Earnings per share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net income available to ordinary shareholders |  |  | 1,594 |  |  |  | 412 |  |  |  | 2,831 |  |  |  | 400 |  |  |  | 743 |  |  |  | 105 |
Reallocation of net income available to ordinary shareholders as a result of conversion of Class B to Class A shares |  |  | 412 |  |  |  | — |  |  |  | 743 |  |  |  | 105 |  |  |  | — |  |  |  | — |
Allocation of net income available to ordinary shareholders |  |  | 2,006 |  |  |  | 412 |  |  |  | 3,574 |  |  |  | 505 |  |  |  | 743 |  |  |  | 105 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average ordinary shares outstanding |  |  | 27,780,546 |  |  |  | 7,201,254 |  |  |  | 27,282,775 |  |  |  | 27,282,775 |  |  |  | 7,194,935 |  |  |  | 7,194,935 |
Conversion of Class B to Class A ordinary shares |  |  | 7,201,254 |  |  |  | — |  |  |  | 7,194,935 |  |  |  | 7,194,935 |  |  |  | — |  |  |  | — |
Share-based awards |  |  | 73,895 |  |  |  | — |  |  |  | 154,070 |  |  |  | 154,070 |  |  |  | — |  |  |  | — |
Denominator used for earnings per share |  |  | 35,055,695 |  |  |  | 7,201,254 |  |  |  | 34,631,780 |  |  |  | 34,631,780 |  |  |  | 7,194,935 |  |  |  | 7,194,935 |
Earnings per share—diluted |  |  | 57.22 |  |  |  | 57.22 |  |  |  | 103.20 |  |  |  | 14.61 |  |  |  | 103.20 |  |  |  | 14.61 |
Earnings per ADS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator used for earnings per ADS—basic |  |  | 277,805,460 |  |  |  |  |  |  |  | 272,827,750 |  |  |  | 272,827,750 |  |  |  |  |  |  |  |  |
Denominator used for earnings per ADS—diluted |  |  | 350,556,950 |  |  |  |  |  |  |  | 346,317,800 |  |  |  | 346,317,800 |  |  |  |  |  |  |  |  |
Earnings per ADS—basic |  |  | 5.86 |  |  |  |  |  |  |  | 10.37 |  |  |  | 1.47 |  |  |  |  |  |  |  |  |
Earnings per ADS—diluted |  |  | 5.72 |  |  |  |  |  |  |  | 10.32 |  |  |  | 1.46 |  |  |  |  |  |  |  |  |
The Company did not include certain stock options and restricted shares and the effect of convertible senior notes in the computation of diluted earnings per share for the six-month periods ended June 30, 2019 and 2020 because those stock options , restricted shares and convertible senior notes were anti-dilutive for earnings per share for the respective periods.

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