Based on the information provided if Target were to issue bonds, would you purchase them at a premium or discount? Explain your response
Consolidated Statements of Cash Flows 2014 (1,836) 2.449 2,129 millions) Operating activities Net eanings/ (loss) 2016 2015 2,737 $ 3,363 $ from discontnued operations, oet of tax 42 3,321 Net earnings from continuing operations Adjustments to reconcile net eamings to cash provided by operations 2,669 Depreciation and amortization 2,298 2,213 Share-based compensation expe Deferred income taxes 41 Loss on debt extingulshment 422 285 Noncash (gains)/Jlosses and other, net Changes in operating accounts: 36 227 (115) Other assets Accounts payable and accrued 5,329 5,254 5,157 Cash provided by operating activities-continuing operations sh 5,436 5,958 4.465 Cash provided by operations nvesting activities 1547)1.485 (1.786) Expenditures for property and equipment 1,875 Proceeds from sale of businesses Cash paid for acquisitions, net of cash assumed Other investments 24 106 28 (1.473) provided by investing activitiescontinuing operabons (321 1473) Cash ded by investing a Financing activities Change in commercial paper, net Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises 1,977 1,993 1,348) (3,706)(3.483)(26) (1,362) (1,205) 300 630) 1,836 373 1,024) 1,515 221 Cash required for tinancing activities Net (decrease)/ increase in cash and cash equivalents (5.497 (1,534) 2,512 4,046 $ 2,210 Cash and cash equivalents at end of period Supplemental information 871 251 999 $ Interest paid, net of capitalized interest Income taxes paid / (refunded) Property and equipment acquired through capital lease 604 $ 12 126 1.514 238 Includes cash of our discontinued operations of $25 milion at February 1.2014. Consolidated Statements of Cash Flows 2014 (1,836) 2.449 2,129 millions) Operating activities Net eanings/ (loss) 2016 2015 2,737 $ 3,363 $ from discontnued operations, oet of tax 42 3,321 Net earnings from continuing operations Adjustments to reconcile net eamings to cash provided by operations 2,669 Depreciation and amortization 2,298 2,213 Share-based compensation expe Deferred income taxes 41 Loss on debt extingulshment 422 285 Noncash (gains)/Jlosses and other, net Changes in operating accounts: 36 227 (115) Other assets Accounts payable and accrued 5,329 5,254 5,157 Cash provided by operating activities-continuing operations sh 5,436 5,958 4.465 Cash provided by operations nvesting activities 1547)1.485 (1.786) Expenditures for property and equipment 1,875 Proceeds from sale of businesses Cash paid for acquisitions, net of cash assumed Other investments 24 106 28 (1.473) provided by investing activitiescontinuing operabons (321 1473) Cash ded by investing a Financing activities Change in commercial paper, net Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises 1,977 1,993 1,348) (3,706)(3.483)(26) (1,362) (1,205) 300 630) 1,836 373 1,024) 1,515 221 Cash required for tinancing activities Net (decrease)/ increase in cash and cash equivalents (5.497 (1,534) 2,512 4,046 $ 2,210 Cash and cash equivalents at end of period Supplemental information 871 251 999 $ Interest paid, net of capitalized interest Income taxes paid / (refunded) Property and equipment acquired through capital lease 604 $ 12 126 1.514 238 Includes cash of our discontinued operations of $25 milion at February 1.2014
