Revenue Recognition Accounting Policy

Walgreens recognizes revenue at the time the customer takes possession of the merchandise. Customer returns are immaterial. Sales taxes are not included in revenue.

Source: Walgreen Co., Annual Report

Top


Revenues as Reported

Walgreen Co., Income Statement, Revenues

USD $ in millions

 
12 months ended Aug 31, 2014 Aug 31, 2013 Aug 31, 2012 Aug 31, 2011 Aug 31, 2010 Aug 31, 2009
Retail drugstore business 76,392  72,217  71,633  72,184  67,420  63,335 
Net sales 76,392  72,217  71,633  72,184  67,420  63,335 

Source: Walgreen Co. Annual Reports

Item Description The company
Net sales Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Walgreen Co.'s net sales increased from 2012 to 2013 and from 2013 to 2014.

ADVERTISEMENT

Top