Baidu, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 5,276,586 3,580,249 2,303,906 1,201,128
Cost of Revenue 1,894,950 1,035,030 619,143 326,159
Gross Profit 3,381,636 2,545,219 1,684,764 874,969
Operating Expenses
Research and Development 678,378 369,938 212,017 108,964
Sales, General and Admin. 854,579 401,479 268,956 165,255
Non-Recurring Items - - - -
Other - - - -
Operating Income 1,848,679 1,773,802 1,203,791 600,751
Income From Continuing Operations
Add'l Income/Expense Items 238,886 211,258 78,563 22,358
Earnings Before Interest and Tax 2,086,606 1,937,835 1,253,850 621,749
Interest Expense 73,851 17,312 13,116 5,459
Earnings Before Tax 2,012,755 1,920,523 1,240,734 616,290
Income Tax 302,108 252,662 188,888 81,338
Minority Interest (26,905) (10,393) (2,911) -
Equity Earnings Unconsolidated Subsidiary (959) (47,225) (28,505) (1,360)
Net Income Cont. Operations 1,736,593 1,631,029 1,026,252 533,591
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 1,737,552 1,678,254 1,054,756 534,951
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 1,737,552 1,678,254 1,054,756 534,951