• E) Financial Statement Analysis.
• Kohl's Corporation
• Create/Predict Three years of projected income statements starting with the most recent year after the companys last issued report. Use the income statement to make the prediction
• • Projections should be based on research performed on your company and its industry. Use historical, trend, ratio data and current and future economic projections as well as information from the companys MD&A to aid in preparing projections.
  • Clearly state your assumptions in a text box at the bottom of each tab. Cite sources for assumptions based on research.
• The statements should be consistent, reasonable, and accurate

Table of Contents KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS 2019 2018 2020 15,0315 924 15,955 10,360 18,885 $ 1,089 19,974 12,140 19.167 1,062 20,229 12,199 5,021 874 5,705 917 113 5,601 964 104 (Dollars in Millions, Except per Share Data) Net sales Other revenue Total revenue Cost of merchandise sold Operating expenses: Selling, general, and administrative Depreciation and amortization Impairments, store closing, and other costs (Gain) on sale of real estate Operating (loss) income Interest expense, net Gain) loss on extinguishment of debt (Loss) income before income taxes (Benefit) provision for income taxes Net (loss) income Net (loss) income per share: Basic Diluted 89 (127) (262) 284 1,099 207 (9) 901 210 691 1,361 256 63 1,042 241 801 (546) (383) (163) $ (1.06) $ (1.06) $ 4.39 $ 4.37 s 4.88 4.84 See accompanying Notes to Consolidated Financial Statements Table of Contents KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS 2019 2018 2020 15,0315 924 15,955 10,360 18,885 $ 1,089 19,974 12,140 19.167 1,062 20,229 12,199 5,021 874 5,705 917 113 5,601 964 104 (Dollars in Millions, Except per Share Data) Net sales Other revenue Total revenue Cost of merchandise sold Operating expenses: Selling, general, and administrative Depreciation and amortization Impairments, store closing, and other costs (Gain) on sale of real estate Operating (loss) income Interest expense, net Gain) loss on extinguishment of debt (Loss) income before income taxes (Benefit) provision for income taxes Net (loss) income Net (loss) income per share: Basic Diluted 89 (127) (262) 284 1,099 207 (9) 901 210 691 1,361 256 63 1,042 241 801 (546) (383) (163) $ (1.06) $ (1.06) $ 4.39 $ 4.37 s 4.88 4.84 See accompanying Notes to Consolidated Financial Statements