Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow Income Statement For Fiscal Years Ended ($ millions) 2008 2007 2006 Sales Credit card revenues Total revenues Cost of sales Selling, general and administrative expenses Credit card expenses Depreciation and amortization Earnings before interest and income taxes Net interest expense Earnings before income taxes Provisions for income taxes Net earnings 61,471$57,878 $51,271 1,8961,612 1,349 63,367 59,490 52,620 41,895 39,399 34,927 11,185 776 1,6591,496 1,409 5,272 5,069 4,323 463 4,625 4,4973,860 1,7761,710 1,452 $2,849 2,787 $2,408 13,704 12,819 837 707 647 572