Copy of Financial_Report-1Target

Copy of Financial_Report-1Target - Consolidated Statements...

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Unformatted text preview: Consolidated Statements of Operations (USD $) In Millions, except Per Share data Consolidated Statements of Operations Sales $63,435 Credit card revenues 1,922 Total revenues 65,357 Cost of sales 44,062 Selling, general and administrative expenses 13,078 Credit card expenses 1,521 Depreciation and amortization 2,023 Earnings before interest expense and income taxes 4,673 Net interest expense Nonrecourse debt collateralized by credit card receivables 97 Other interest expense 707 Interest income (3) Net interest expense 801 Earnings before income taxes 3,872 Provision for income taxes 1,384 Net earnings $2,488 Basic earnings per share (in dollars per share) $3.31 Diluted earnings per share (in dollars per share) $3.3 Weighted average common shares outstanding Basic (in shares) 752 Diluted (in shares) 754.8 12 Months Ended Jan. 30, 2010 $62,884 $61,471 2,064 1,896 64,948 63,367 44,157 42,929 12,954 12,670 1,609 837 1,826 1,659 4,402 5,272 167 133 727 535 (28) (21) 866 647 3,536 4,625 1,322 1,776 $2,214 $2,849 $2.87 $3.37 $2.86 $3.33 770.4 845.4 773.6 850.8 12 Months Ended Jan. 31, 2009 12 Months Ended Feb. 02, 2008 Consolidated Statements of Financial Position (USD $) In Millions, except Share data Assets $2,200 Credit card receivables, net of allowance of $1,016 and $1,010 6,966 Inventory 7,179 Other current assets 2,079 Total current assets 18,424 Property and equipment Land 5,793 Buildings and improvements 22,152 Fixtures and equipment 4,743 Computer hardware and software 2,575 Construction-in-progress 502 Accumulated depreciation (10,485) Property and equipment, net 25,280 Other noncurrent assets 829 Total assets 44,533 Liabilities and shareholders' investment Accounts payable 6,511 Accrued and other current liabilities 3,120 Unsecured debt and other borrowings 796 Nonrecourse debt collateralized by credit card receivables 900 Total current liabilities 11,327 Unsecured debt and other borrowings 10,643 Nonrecourse debt collateralized by credit card receivables 4,475 Deferred income taxes 835 Other noncurrent liabilities 1,906 Total noncurrent liabilities 17,859 Shareholders' investment Common stock 62 Additional paid-in capital 2,919 Retained earnings 12,947 Accumulated other comprehensive loss (581) Total shareholders' investment 15,347 Total liabilities and shareholders' investment $44,533 Common Stock, authorized shares (in shares) 6,000,000,000 Jan. 30, 2010 Cash and cash equivalents, including marketable securities of $1,617 and $302 Common stock, par value (in dollars per share) $0.08 Common Stock, shares issued (in shares) 744,644,454 Common Stock, shares outstanding (in shares) 744,644,454 Preferred stock, authorized shares (in shares) 5,000,000 Preferred stock, par value (in dollars per share) $0.01 Preferred stock, shares issued (in shares) Preferred stock, shares outstanding (in shares) $864...
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This note was uploaded on 09/10/2011 for the course ACCOUNTING IS 160 taught by Professor Taylor during the Spring '11 term at Herzing.

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Copy of Financial_Report-1Target - Consolidated Statements...

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