Paying users zone. Data is covered by hidden.

  • Get to Eli Lilly & Co. for $19.99, or

  • get to entire website for at least 3 months from $49.99.


Visa Mastercard Maestro American Express Discover JCB    PayPal

Microsoft Excel LibreOffice Calc

Eli Lilly & Co. (LLY)


Analysis of Revenues

Difficulty: Advanced


Revenue Recognition Accounting Policy

Revenue from sales of products is recognized at the point where the customer obtains control of the goods and Lilly satisfies the performance obligation, which generally is at the time Lilly ships the product to the customer. Payment terms differ by jurisdiction and customer, but payment terms in most of Lilly’s major jurisdictions typically range from 30 to 75 days from date of shipment. Revenue for the product sales has not been adjusted for the effects of a financing component as Lilly expects, at contract inception, that the period between when Lilly transfers control of the product and when Lilly receives payment will be one year or less. Any exceptions are either not material or Lilly collects interest for payments made after the due date. Provisions for rebates and discounts, and returns are established in the same period the related sales are recognized. Lilly generally ships product shortly after orders are received; therefore, Lilly generally only has a few days of orders received but not yet shipped at the end of any reporting period. Shipping and handling activities are considered to be fulfillment activities and are not considered to be a separate performance obligation. Lilly excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are imposed on the sales of product and collected from a customer.

Source: 10-K (filing date: 2019-02-19).


Revenues as Reported

Eli Lilly & Co., Income Statement, Revenues

USD $ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Endocrinology hidden hidden hidden hidden hidden
Oncology hidden hidden hidden hidden hidden
Cardiovascular hidden hidden hidden hidden hidden
Neuroscience hidden hidden hidden hidden hidden
Immunology hidden hidden hidden hidden hidden
Other human pharmaceutical products hidden hidden hidden hidden hidden
Human pharmaceutical products hidden hidden hidden hidden hidden
Animal health products hidden hidden hidden hidden hidden
Revenue hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19).

Item Description The company
Revenue 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). Eli Lilly & Co.’s revenue increased from 2016 to 2017 and from 2017 to 2018.