Analysis of Revenues
Difficulty level: Advanced
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: Walgreens Boots Alliance Inc., Annual Report
Revenues as Reported
Walgreens Boots Alliance Inc., 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: Walgreens Boots Alliance Inc. 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. | Walgreens Boots Alliance Inc.'s net sales increased from 2012 to 2013 and from 2013 to 2014. |