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Excerpt about revenue recognitina taken from Tesla's 1 0 - K for the fiseal year that ended on December 3 1 , 2 0 1
Excerpt about revenue recognitina taken from Tesla's for the fiseal year that ended on
December
Energy Gieneration and Storage Sales
Energy generation and storage sales revenue consists of the sale of solar energy systems and energy
storage systems to residential, smallcommercial, largecommercial, and utilitygrade customers
Sales of solar energy systems to residential and smallscale commercial customers consist of the
engineering, design, and installation of the system. Poost installation, residential and smallscale
energy generation data. Residential and smallscale conmercial customers pay the full purchase
price of the solar energy system upfront. Revenoe for the design and installation obligation is
recognized when control transfers, which is when we install the system. Revenue for the monitoring service is recognized ratably over the warranty period of the solar energy system.
For largeconmencial and utilitygrade solar energy system and energy stonge system sales, which
For largecommercial and utilitygrade solar energy system and energy stonge system sales, which consist of the engineering. design, and installation of the system, customers make milestone
consist of the engineening, design, and installation of the system, customers make milestone
payments that are consistemt with contractspecific phases of a projest. Revenve from such
incurred as a percentage of total estimated contract costs.
In instances where there are multiple performance obligations in a single contract, we allocate the
consideration to the varioas obligations in the contract based on the relative standalone selling
prise method.
As part of our solar energy system and energy storage system contracts, we may provide the
customer with performance gurantees that warrant that the underlying system will meet or exceed
the minimum cnerzy peneration or retention requirements specified in the contrast. In eertain
instmees, we may receive a bonas payment if the system performs above a specified level.
Conversely, if a solar energy system or energy storage system does not meet the performance
garantee requirements, we may be required to pay damages. These guarantees represent a form
reporting period as additional performance data becomes available. Such estimates are incladed in
reported revenoe only to the extent that it is probable a significant reversal of revenue will not
oscur.
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Excerpt about revenue recogaition taken from Best Buy's K for the fiscal year that ended
on January
Revenue Recognition
We generate revenue from the sale of products and services. Revenue is reoognized when control
of the promised goods or services is transferred to our custonsers, in an amount that reflects the
transaction price consideration that we expect to receive in exchange for those goods or services.
Our revenue exeludes sales and usagebased taxes collested and is reported net of sales refunds.
which includes an estimate of future returns and contract cancellations based on hisionical refund
rates, with a corresponding reduction to cost of sales. We defer the revenae associated with any
unsatisfied performance obligation until the obligation is satisfied, ie when control of a prodact
Best Buy Guf Cards
We sell Best Bay gift cards to our customers in our retail stores, online and through select thind
parties. Our gift cards do not expire. We recognize revenae from gift cards athen the card is
not expected to be redeensed breakage We estimate breakage based on historical patterns and
other factors, such as laws and regulations applicable to each jurisdiction. Gift card breakage
income was $ million, $ million and $ million in fiscal fiscal and fiscal
respectively.
Excerpt about receivables taken from Best Buy's for the fiscal year that ended on
January
Receivables
Receivables consist primarily of ansounts due from vendors for various vendor funding programs.
banks for customer credit card and debit card transactions, online markeplace partnerships and
mobile phone network operators for device sales and conmissibes. Resivables are stated at their
carrying values, net of a reserve for expected credit woses, which is primanily based on historical
collection trends. Our allowances for uncollectible recervables were $ million and $ million as of January and Janury respectively. We had $ million and $ million
of writeoffs in fiscal and fiscal respectively.
Excerpt about inventories taken from Chevron's for the fiscal year that ended on
December
Inventories
Crude oil, products and chemicals invemtories are g
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