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$BIDU
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Consolidated Balance Sheets

In millions of CNY, except per-share amounts
Q4 FY2025
As of Dec 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q4 FY2020
As of Dec 31, 2020
Q4 FY2019
As of Dec 31, 2019
Q4 FY2018
As of Dec 31, 2018
Q4 FY2017
As of Dec 31, 2017
Q4 FY2016
As of Dec 31, 2016
Q4 FY2015
As of Dec 31, 2015
Q4 FY2014
As of Dec 31, 2014
Q4 FY2013
As of Dec 31, 2013
Q4 FY2012
As of Dec 31, 2012
Q4 FY2011
As of Dec 31, 2011
Q4 FY2010
As of Dec 31, 2010
Q4 FY2009
As of Dec 31, 2009
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash
Short-term investments, net
Accounts receivable, net of allowance of RMB3,517 and RMB5,001 (US$715) as of December 31, 2024 and 2025, respectively
Amounts due from related parties
Related Party
Total amounts due from related parties
Other current assets, net
Total current assets
Non-current assets:
Fixed assets, net
Licensed copyrights, net
Produced content, net
Intangible assets, net
Goodwill
Long-term investments, net
Long-term time deposits and held-to-maturity investments
Amounts due from related parties
Deferred tax assets, net
Operating lease right-of-use assets
Prepayments and receivables related to the proposed acquisition of YY Live, net
Receivables related to the proposed acquisition of YY Live, net
Other non-current assets
Total non-current assets
Total assets
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiaries of RMB39,711 and RMB37,165 (US$5,315) as of December 31, 2024 and 2025, respectively):
Short-term loans
Accounts payable and accrued liabilities
Customer deposits and deferred revenue
Deferred income
Long-term loans, current portion
Convertible senior notes, current portion
Notes payable, current portion
Amounts due to related parties
Related Party
Total amounts due to related parties
Operating lease liabilities
Total current liabilities
Non-current liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiaries of RMB7,352 and RMB8,242 (US$1,179) as of December 31, 2024 and 2025, respectively):
Deferred income
Deferred revenue
Amounts due to related parties
Long-term loans
Notes payable
Convertible senior notes
Deferred tax liabilities
Operating lease liabilities
Other non-current liabilities
Related Party
Total other non-current liabilities
Total non-current liabilities
Total liabilities
Redeemable noncontrolling interests
Equity
Ordinary shares, value
Class A Ordinary Shares
Class B Ordinary Shares
Additional paid-in capital
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Total Baidu, Inc. shareholders' equity
Noncontrolling interests
Total equity
Total liabilities, redeemable noncontrolling interests and equity

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