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Earnings Per Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2020

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 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

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 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