Financial Ratios
Kohls Ratio Accounts Receivable Turnover Days Sales Outstanding (DSO) Inventory Turnover Days Sales On-hand (DOH) Accounts Payable Turnover Days Payable Outstanding (DPO) Cash Conversion Cycle Formula Sales/Avg. AR Avg. AR/(Sales/365) Cost of Goods Sold/Avg. Inventory Avg. Inventory/(CGS/365) CGS/Avg. AP Avg. AP/(CGS/365) DSO+DOH-DPO Return on Assets Profitability for ROA Asset Turnover Operating Income/Avg. Assets Operating Income/Sales Sales/Avg. Assets Return on Equity Profitability for ROE Asset Turnover Leverage Consolidated Net Income/Avg. Equity NI/Sales Sales/Avg. Assets Avg. Assets/Avg. Equity CONSOLIDATEDBALANCESHEETS-USD ($) $ in Millions Jan. 30, 2021 Feb. 01, 2020 $ 2,271 2,590 974 5,835 6,689 2,398 415 15,337 $ 723 3,537 389 4,649 7,352 2,391 163 14,555 1,476 1,270 1,206 1,281 Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets Currentliabilities: Accounts payable Accrued liabilities Current portion of: Finance lease and financing obligations Operating leases Total current liabilities Long-term debt Finance lease and financing obligations Operating leases Deferred income taxes Other long-term liabilities Shareholders' equity: Common stock - 377 and 375 million shares issued Paid-in capital Treasury stock, at cost, 219 and 219 million shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 115 161 3,022 2,451 1,387 2,625 302 354 124 158 2,769 1,856 1,367 2,619 260 234 4 3,319 (11,595) 13,468 5,196 $ 15,337 4 3,272 (11,571) 13,745 5,450 $ 14,555 Jan. 30, 2021 $ 15,955 $ 10,360 12 Months Ended Feb. 01, 2020 $ 19,974 $ 12,140 Feb. 02, 2019 $ 20,229 $ 12,199 $5,021 874 $5,705 917 113 $5,601 964 104 CONSOLIDATED STATEMENTS OF OPERATIONS- USD ($) $ in Millions 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 $ 4.88 $4.84 Kohls Ratio Accounts Receivable Turnover Days Sales Outstanding (DSO) Inventory Turnover Days Sales On-hand (DOH) Accounts Payable Turnover Days Payable Outstanding (DPO) Cash Conversion Cycle Formula Sales/Avg. AR Avg. AR/(Sales/365) Cost of Goods Sold/Avg. Inventory Avg. Inventory/(CGS/365) CGS/Avg. AP Avg. AP/(CGS/365) DSO+DOH-DPO Return on Assets Profitability for ROA Asset Turnover Operating Income/Avg. Assets Operating Income/Sales Sales/Avg. Assets Return on Equity Profitability for ROE Asset Turnover Leverage Consolidated Net Income/Avg. Equity NI/Sales Sales/Avg. Assets Avg. Assets/Avg. Equity CONSOLIDATEDBALANCESHEETS-USD ($) $ in Millions Jan. 30, 2021 Feb. 01, 2020 $ 2,271 2,590 974 5,835 6,689 2,398 415 15,337 $ 723 3,537 389 4,649 7,352 2,391 163 14,555 1,476 1,270 1,206 1,281 Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets Currentliabilities: Accounts payable Accrued liabilities Current portion of: Finance lease and financing obligations Operating leases Total current liabilities Long-term debt Finance lease and financing obligations Operating leases Deferred income taxes Other long-term liabilities Shareholders' equity: Common stock - 377 and 375 million shares issued Paid-in capital Treasury stock, at cost, 219 and 219 million shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 115 161 3,022 2,451 1,387 2,625 302 354 124 158 2,769 1,856 1,367 2,619 260 234 4 3,319 (11,595) 13,468 5,196 $ 15,337 4 3,272 (11,571) 13,745 5,450 $ 14,555 Jan. 30, 2021 $ 15,955 $ 10,360 12 Months Ended Feb. 01, 2020 $ 19,974 $ 12,140 Feb. 02, 2019 $ 20,229 $ 12,199 $5,021 874 $5,705 917 113 $5,601 964 104 CONSOLIDATED STATEMENTS OF OPERATIONS- USD ($) $ in Millions 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 $ 4.88 $4.84
