Estée Lauder Cos. Inc. (EL)
Analysis of Revenues
High level of difficulty
Accounting Policy on Revenue Recognition
During the first quarter of fiscal 2019, Estée Lauder adopted the new revenue accounting standard, Accounting Standards Codification Topic 606 – Revenue from Contracts with Customers (“ASC 606”).
Source: 10-K (filing date: 2019-08-23).
Revenues as Reported
Estée Lauder Cos. Inc., Income Statement, Revenues
US$ in millions
Based on: 10-K (filing date: 2019-08-23), 10-K (filing date: 2018-08-24), 10-K (filing date: 2017-08-25), 10-K (filing date: 2016-08-24), 10-K (filing date: 2015-08-20), 10-K (filing date: 2014-08-20).
|Net 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).||Estée Lauder Cos. Inc.’s net sales increased from 2017 to 2018 and from 2018 to 2019.|