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Microsoft Excel LibreOffice Calc

Celgene Corp. (CELG)


Analysis of Revenues

Difficulty: Advanced


Revenue Recognition Accounting Policy

Revenue from the sale of products is recognized in a manner that depicts the transfer of those promised goods to customers in an amount that reflects the consideration to which Celgene expects to be entitled in exchange for these good or services. To achieve this core principle, Celgene follows a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations and recognizing revenue when, or as, Celgene satisfies a performance obligation. In addition, Celgene recognizes revenue from other product sales and royalties based on licensees’ sales of the products or products using Celgene’s technologies. Celgene does not consider royalty revenue to be a material source of the consolidated revenue.

Celgene records gross-to-net sales accruals for government rebates, chargebacks, distributor services fees, other rebates and administrative fees, sales returns and allowances and sales discounts.

Source: 10-K (filing date: 2019-02-26).


Revenues as Reported

Celgene Corp., Income Statement, Revenues

USD $ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
REVLIMID® hidden hidden hidden hidden hidden
POMALYST®/IMNOVID® hidden hidden hidden hidden hidden
OTEZLA® hidden hidden hidden hidden hidden
ABRAXANE® hidden hidden hidden hidden hidden
IDHIFA® hidden hidden hidden hidden hidden
VIDAZA® hidden hidden hidden hidden hidden
Azacitidine for injection hidden hidden hidden hidden hidden
THALOMID® hidden hidden hidden hidden hidden
ISTODAX® hidden hidden hidden hidden hidden
Other hidden hidden hidden hidden hidden
Net product sales hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-20).

Item Description The company
Net product sales Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Celgene Corp.’s net product sales increased from 2016 to 2017 and from 2017 to 2018.