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Net Revenues
12 Months Ended
Dec. 31, 2019
Net Revenues  
Net Revenues

(24)    Net Revenues

Net revenues are mainly generated from the sale of goods.

The distribution of net consolidated revenues for 2019, 2018 and 2017 by segment is as follows:

 

 

 

 

 

 

 

 

 

Thousands of Euros

 

    

31/12/2019

    

31/12/2018

    

31/12/2017

Bioscience

 

3,993,462

 

3,516,704

 

3,429,785

Diagnostic

 

733,604

 

702,265

 

732,369

Hospital

 

134,441

 

119,454

 

105,649

Bio supplies

 

266,540

 

167,004

 

66,791

Others

 

22,820

 

22,451

 

18,263

Intersegments

 

(52,176)

 

(41,154)

 

(34,784)

 

 

5,098,691

 

4,486,724

 

4,318,073

 

The geographical distribution of net consolidated revenues is as follows:

 

 

 

 

 

 

 

 

 

 

Thousands of Euros

 

    

31/12/2019

    

31/12/2018

    

31/12/2017

USA and Canada

 

3,390,811

 

2,974,429

 

2,896,505

Spain

 

268,287

 

264,913

 

242,894

European Union

 

588,375

 

535,361

 

444,089

Rest of the world

 

851,218

 

712,021

 

734,585

Consolidated

 

5,098,691

 

4,486,724

 

4,318,073

 

Details of discounts and other reductions in gross income are as follows:

 

 

 

 

 

 

 

 

 

 

Thousands of Euros

 

    

31/12/2019

    

31/12/2018

    

31/12/2017

Gross sales

 

6,429,762

 

5,588,257

 

5,322,618

Chargebacks

 

(1,119,540)

 

(923,023)

 

(826,775)

Cash discounts

 

(70,340)

 

(62,518)

 

(57,512)

Volume rebates

 

(56,426)

 

(46,922)

 

(43,274)

Medicare and Medicaid

 

(50,442)

 

(40,343)

 

(41,722)

Other discounts

 

(34,323)

 

(28,727)

 

(35,262)

Net sales

 

5,098,691

 

4,486,724

 

4,318,073

 

Movement in discounts and other reductions in gross income during 2017 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousands of Euros

 

 

    

    

    

Cash

    

Volume

    

Medicare /

    

Other

    

    

 

 

 

Chargebacks

 

discounts

 

rebates

 

Medicaid

 

discounts

 

Total

 

Balance at 31 December 2016

 

87,249

 

6,632

 

26,507

 

21,757

 

4,442

 

146,587

 

Current estimate related to sales made in current and prior year

 

826,775

 

57,512

 

43,274

 

41,722

 

35,262

 

1,004,545

(1)

(Actual returns or credits in current period related to sales made in current period)

 

(795,449)

 

(52,270)

 

(28,976)

 

(28,198)

 

(26,072)

 

(930,965)

(2)

(Actual returns or credits in current period related to sales made in prior periods)

 

31

 

(6,024)

 

(20,210)

 

(16,659)

 

(2,864)

 

(45,726)

(3)

Translation differences

 

(12,716)

 

(736)

 

(2,604)

 

(2,418)

 

(625)

 

(19,099)

 

Balance at 31 December 2017

 

105,890

 

5,114

 

17,991

 

16,204

 

10,143

 

155,342

 

 

Movement in discounts and other reductions to gross income during 2018 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousands of Euros

 

 

    

    

    

Cash

    

Volume

    

Medicare /

    

Other

    

    

 

 

 

Chargebacks

 

discounts

 

rebates

 

Medicaid

 

discounts

 

Total

 

Balance at 31 December 2017

 

105,890

 

5,114

 

17,991

 

16,204

 

10,143

 

155,342

 

Current estimate related to sales made in current and prior year

 

923,023

 

62,518

 

46,922

 

40,343

 

28,727

 

1,101,533

(1)

(Actual returns or credits in current period related to sales made in current period)

 

(957,695)

 

(56,568)

 

(24,648)

 

(21,324)

 

(26,493)

 

(1,086,728)

(2)

(Actual returns or credits in current period related to sales made in prior periods)

 

 —

 

(4,909)

 

(16,384)

 

(13,232)

 

(3,781)

 

(38,306)

(3)

Translation differences

 

3,957

 

286

 

916

 

950

 

241

 

6,350

 

Balance at 31 December 2018

 

75,175

 

6,441

 

24,797

 

22,941

 

8,837

 

138,191

 

 

Movement in discounts and other reductions to gross income during 2019 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousands of Euros

 

 

    

    

    

Cash

    

Volume

    

Medicare /

    

Other

    

    

 

 

 

Chargebacks

 

discounts

 

rebates

 

Medicaid

 

discounts

 

Total

 

Balance at 31 December 2018

 

75,175

 

6,441

 

24,797

 

22,941

 

8,837

 

138,191

 

Current estimate related to sales made in current and prior year

 

1,119,540

 

70,340

 

56,426

 

50,442

 

34,323

 

1,331,071

(1)

(Actual returns or credits in current period related to sales made in current period)

 

(1,104,493)

 

(64,523)

 

(28,014)

 

(34,486)

 

(22,490)

 

(1,254,006)

(2)

(Actual returns or credits in current period related to sales made in prior periods)

 

275

 

(6,385)

 

(25,050)

 

(20,375)

 

(5,652)

 

(57,187)

(3)

Translation differences

 

(9)

 

24

 

546

 

389

 

52

 

1,003

 

Balance at 31 December 2019

 

90,488

 

5,897

 

28,705

 

18,911

 

15,070

 

159,072

 


(1)

Net impact in income statement: estimate for the current year plus prior years’ adjustments. Adjustments made during the year corresponding to prior years’ estimates have not been significant.

(2)

Amounts credited and posted against provisions for current period

(3)

Amounts credited and posted against provisions for prior period