Sales, value of shipments, or revenue ($1,000)

{
  "id": "MLC-T-ECS-001720",
  "term": "Sales, value of shipments, or revenue ($1,000)",
  "field": "Economic statistics",
  "definition": "Sales, value of shipments, or revenue refers to all appropriate dollar volume measures including total sales, value of shipments, revenue, receipts, or business done at any time during the census year, whether or not payment was received during the census year, by domestic establishments (excluding foreign subsidiaries) within the scope of the economic census. Detailed descriptions of each are included in the sector-specific information below.\n\nData are shown in thousands of dollars ($1,000).\n\nSector-Specific Information:\n\nAccommodation and Food Services Sector\n\nIncludes sales from customers for services rendered, from the use of facilities, and from merchandise sold.\n\nExcludes carrying or other credit charges; sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency; gross revenue of departments or concessions operated by others; and commissions or revenue from the sale of government lottery tickets.\n\nAdministrative and Support and Waste Management and Remediation Services; Arts, Entertainment, and Recreation; Educational Services; Health Care and Social Assistance; Professional, Scientific, and Technical Services; and Other Services (except Public Administration)\n\nFor service establishments subject to federal income tax, this includes gross revenue from customers or clients for services provided, from the use of facilities, and from merchandise sold. For advertising agencies, travel industries, and other service establishments operating on a commission basis, revenue includes commissions, fees, and other operation income, NOT gross billings and sales. Excise taxes on gasoline, liquor, tobacco, etc., which are paid by the manufacturer or wholesaler and passed on in the cost of goods purchased by the service establishment, are also included. The establishments' share of revenue from departments, concessions, and vending and amusement machines operated by others are included. Revenue also includes amounts received from the rental and leasing of vehicles, equipment, instruments, and tools; the total value of service contracts; market value of compensation received in lieu of cash; amounts received for work subcontracted to others; and dues and assessments from members and affiliates. Revenue from services performed for foreign parent firms, subsidiaries, and branches are included. Independent artists, writers, and performers include royalties in revenue.\n\nExcludes sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency; gross revenue of departments or concessions operated by others; sales of used equipment previously rented or leased to customers; domestic intracompany transfers; proceeds from the sale of real estate (land and buildings), investments, or other assets (except inventory held for resale); income from interest, rental of real estate, dividends, contributions, and grants; revenue of foreign parent firms and subsidiaries; and other nonoperating income, such as franchise fees. Revenue does not include service receipts of manufacturers, wholesalers, retail establishments, or other businesses whose primary activity is other than services rendered (e.g, sale of merchandise to individuals or other businesses) by establishments primarily engaged in performing services and classified in the service industries. Revenue is net after deductions for refunds and allowances for merchandise returned by customers.\n\nFor service establishments exempt from federal income tax, this includes revenue from customers or clients for services provided and gross sales of merchandise, minus returns and allowances. Also included are income from interest, dividends, gross rents (including display space rentals and share of revenue from departments operated by other companies), gross contributions, gifts, grants (whether or not restricted for use in operations), royalties, dues and assessments from members and affiliates, commissions earned from the sale of merchandise owned by others (including commissions from vending machine operators), and gross revenue from fundraising activities. Revenue now includes gains or losses from the sale of real estate (land and buildings), investments, or other assets (except inventory held for resale). Revenue from taxable business activities of firms exempt from federal income tax (unrelated business income) are also included.\n\nExcludes sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency; gross revenue of departments or concessions operated by others; and amounts transferred to operating funds from capital or reserve funds.\n\nConstruction Sector\n\nIncludes the value of construction work done during the year for construction work performed by general contractors and special trade contractors. Included is new construction, additions and alterations or reconstruction, and maintenance and repair construction work. Also included is the value of any business done by the reporting establishments for themselves.\n\nSpeculative builders were instructed to include the value of buildings and other structures built or being built for sale in the current year but not sold. They were to include the costs of such construction plus normal profit. Also included is the cost of construction work done on buildings for rent or lease.\n\nEstablishments engaged in the sale and installation of such construction components as plumbing, heating, and central air-conditioning supplies and equipment; lumber and building materials; paint, glass, and wallpaper; electrical and wiring supplies; and elevators or escalators were instructed to include both the value for the installation and the receipts covering the price of the items installed.\n\nFinance and Insurance Sector\n\nIncludes revenue from all business activities, including commissions and fees from all sources, rents, net investment income, interest, dividends, royalties, and net insurance premiums earned. Revenue from leasing property marketed under operating leases is included, as well as interest earned from property marketed under capital, finance, or full payout leases. Revenue also includes the total value of service contracts and amounts received for work subcontracted to others.\n\nExcludes sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency.\n\nInformation Sector\n\nIncludes gross revenue from customers or clients for services provided, from the use of facilities, and from merchandise sold. Revenue includes royalties, license fees, and other payments from the marketing of intangible products (e.g., licensing the use of or granting reproduction rights for software, musical compositions, and other intellectual property). Revenue also includes the rental and leasing of vehicles, equipment, instruments, tools, etc.; total value of service contracts; market value of compensation received in lieu of cash; amounts received for work subcontracted to others; dues and assessments from members and affiliates; this establishment's share of revenue from departments, concessions, and vending and amusement machines operated by others. Sales to and revenue from services performed for foreign parent firms, subsidiaries, and branches are included. Revenue also includes advertising sales, and sales of goods and services marketed through sales offices. For public broadcast stations and libraries, revenue includes contributions, gifts, grants, and income from interest, rental of real estate, and dividends.\n\nExcludes gross revenue collected on behalf of others; sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency; gross revenue of departments or concessions operated by others. Also excluded are sales of used equipment previously rented or leased to customers; proceeds from the sale of real estate (land and buildings), investments, or other assets (except inventory held for resale); contributions, gifts, grants, and income from interest, rental of real estate, and dividends, EXCEPT for public broadcast stations and libraries; domestic intracompany transfers; revenue of foreign parent firms and subsidiaries; and other nonoperating income (e.g., franchise fees).\n\nManagement of Companies and Enterprises Sector\n\nIncludes gross revenue from services provided, from the use of facilities, and from merchandise sold. Revenue also includes income from interest, rental of real estate, or dividends; contributions, gifts, and grants of not-for-profit organizations exempt from federal income tax; revenue from services performed for foreign parent firms, subsidiaries, branches, etc; the establishments' share of revenue from departments, concessions, and vending and amusement machines operated by others; revenue from the rental and leasing of vehicles, equipment, instruments, and tools; the total value or service contracts; market value of compensation received in lieu of cash; amounts received for work subcontracted to others; franchise sales and fees, license fees, and royalties; and gains and losses from the sale of real estate (land and bulidings), investments, or other assets (except inventory held for resale).\n\nExcludes sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency; gross revenue of departments or concessions operated by others; domestic intracompany transfers; and revenue of foreign parent firms and subsidiaries.\n\nManufacturing and Mining Sectors\n\nIncludes the net selling values (exclusive of freight and excise taxes) of all products shipped including installation and repair, sales of scrap, and sales of products bought and sold without further processing. Included are all products physically shipped by the establishments, whether sold, transferred to other plants of the same firm, or shipped on consignments. For products transferred to other establishments of the same firm, or prepared on a custom or toll basis, firms were requested to report the estimated value, not merely the cost of producing the product. In the case of multiunit firms, the mineral operation was requested to report the value of products transferred to the other establishments of the same firm at full economic or commercial value, including not only the direct cost of production but also a reasonable proportion of \"all other costs\" (including firm overhead) profit.\n\nReal Estate and Rental and Leasing Sector\n\nIncludes revenue from all business activities, including commissions and fees from all sources, rents, net investment income, interest, dividends, and royalties. Revenue from leasing property marketed under operating leases is included. Revenue also includes the total value of service contracts, amounts received for work subcontracted to others, and rents from real property sublet to others.\n\nExcludes sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency.\n\nRetail Trade Sector\n\nIncludes merchandise sold for cash and credit at retail and wholesale by establishments primarily engaged in retail trade; amounts received from customers for layaway purchases; revenue from rental of vehicles, equipment, instruments, tools, etc.; revenue for delivery, installation, maintenance, repair, alteration, storage, and other services; the total value of service contracts; gasoline, liquor, tobacco, and other excise taxes which are paid by the manufacturer or wholesaler and passed on to the retailer; and shipping and handling receipts. Also included are non-retail merchandise sales by establishments primarily engaged in retail trade to industrial users and to retailers.\n\nSales are net after deductions for refunds and allowances for merchandise returned by customers. Trade-in allowances are not deducted from sales.\n\nExcludes carrying or other credit charges; sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency; gross revenue of departments or concessions operated by others; and commissions or revenue from the sale of government lottery tickets. Also excluded are retail sales made by manufacturers, wholesalers, service establishments, or other businesses whose primary activity is other than retail trade.\n\nTransportation and Warehousing and Utilities Sectors\n\nIncludes revenue from all business activities.\n\nExcludes sales and other taxes collected from customers and paid directly to a local, state, or federal tax agency.\n\nWholesale Trade Sector\n\nIncludes merchandise sold for cash and credit by establishments primarily engaged in wholesale trade; receipts for delivery, installation, maintenance, repair, alteration, storage, and other services; the gross selling value of goods the establishment sold or purchased on a commission, brokerage, consignment, or agency basis for others; the actual value of trade-ins taken as partial payment for other merchandise; sales to foreign subsidiaries and affiliates and to the establishment's Foreign Sales Corporations (FSCs); receipts from rental or leasing of merchandise; gasoline, liquor, and tobacco excise taxes which are paid by the manufacturer and included in the cost of the goods purchased; liquor and tobacco stamps, taxes, and licenses sold; fees received for the arrangement of the foreign sale of goods which never entered the United States or its Foreign Trade Zones; shipping and handling receipts; the value of transfers (billings) to the firm's own retail service stations, retail fuel oil dealers, and retail liquefied petroleum (LP) gas dealers; and the value of transfers (billings) of farm products to other establishments in the firm.\n\nExcludes carrying or other credit charges; sales and other taxes collected from customers and paid directly to a federal, state, or local tax agency; nonoperating income from such sources as investments, rental or sale of real estate, and interest; commissions received from selling and buying goods (unless the goods never entered the United States); foreign sales of products that are not owned by establishments in the United States; refunds or allowances for returned merchandise; and transfers (billings) to other establishments in the firm, except those made by petroleum bulk plants to the firm's own retail service stations, retail fuel oil dealers, and retail liquefied petroleum (LP) gas dealers and those made by establishments selling farm products.\n\nSales shown for agents and brokers represent the value of the goods involved in the transactions rather than the commissions received or earnings.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/sales-value-of-shipments-or-revenue-1000/"
}