Microsoft Excel LibreOffice Calc

Pfizer Inc. (PFE)


Analysis of Revenues

Difficulty: Advanced


Revenue Recognition Accounting Policy

Pfizer records revenues from product sales when there is a transfer of control of the product from Pfizer to the customer. Pfizer determines transfer of control based on when the product is shipped or delivered and title passes to the customer.

Source: 10-K (filing date: 2019-02-28).


Revenues as Reported

Pfizer Inc., Income Statement, Revenues

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Pfizer Innovative Health (IH) 33,426  31,422  29,197  26,757  24,005 
Pfizer Essential Health (EH) 20,221  21,124  23,627  22,094  25,402 
Reportable segments 53,647  52,546  52,824  48,851  49,407 
Certain significant items —  —  —  —  198 
Revenues 53,647  52,546  52,824  48,851  49,605 

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-29), 10-K (filing date: 2015-02-27).

Item Description The company
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). Pfizer Inc.’s revenues declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.