CVS Health Corp. (CVS)
Analysis of Revenues
Revenue Recognition Accounting Policy
The following is a discussion of CVS Health’s revenue recognition policies by segment under the new revenue recognition accounting standard. The new revenue recognition accounting standard does not relate to contracts within the scope of Accounting Standards Codification 944 Financial Services - Insurance. As a result, the majority of revenues within the Health Care Benefits segment and certain revenues within the Pharmacy Services segment are not within the scope of the new accounting standard.
Source: 10-K (filing date: 2019-02-28).
Revenues as Reported
CVS Health Corp., Income Statement, Revenues
US$ in millions
|12 months ended||Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Health Care Benefits||5,504||—||—||—||—|
|Net revenues||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).||CVS Health Corp.’s net revenues increased from 2016 to 2017 and from 2017 to 2018.|