For the years 2021 and 2020 for Target Corporation.
Common size analysis Ratio Analysis Current Ratio: Total current assets/Total current liabilities 2020: 2021: "The change from 2020 to 2021 is not favorable. Cash Ratio: Cash and cash equivalents/Total current liabilities 2020 2021: -The change from 2020 to 2021 isnot favorable. Acid-test ratio: (Cash including cash equivalents + Short-term investments + Net surrent receivables)(Total current Liabilities) 2020 . 2021: MThe change from 2020 to 2021 isinot favorable: Working capital: current assets-current liabilities 2020: 2021: "The change from 2020 to 2021 isinot favorable. Inventory Turnover: cost of goods sold/average merchandise inventory (AMi) 2020: 2021: "The change from 2020 to 2021 isinot favorable. Rate on return of common stockholders' equity: (preferred dividends)(average common stockholders' equity) ACSE 2020: 2021: The change from 2020 to 2021 isinot favorable. Debt Ratio: Total liabilitiesitotal assets 2020: 2021: 'The change from 2020 to 2021 isinos tavorable. Debt to equity ratio:total liabilities/total equity 2020: 2021: The change from 2020 to 2021 ishot favorable FINANCIAL RESULTS (in millions) \begin{tabular}{lllll} 2021 & 2020 & 2019 & 2018 & 2017 \\ \hline \end{tabular} Sales Other revenue Total revenue Cost of sales 74,96366,17754,86453,29951,125 Selling, general and administrative expenses (SG\&A) 19,75218,61516,23315,72315,140 Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income Net interest expense " Net other (income) / expense Earnings from continuing operations before- income taxes PER SHARE Basic earnings per share Continuing operations Discontinued operations \begin{tabular}{rrrrr} $14.23 & $8.72 & $6.39 & $5.54 & $5.32 \\ & & 0.02 & 0.01 & 0.01 \\ \hline$14.23 & $8.72 & $6.42 & $5.55 & $5.32 \\ \hline \end{tabular} Dlluted earnings per share Continuing operations \begin{tabular}{rrrrr} $14.10 & $8.64 & $6.34 & $5.50 & $5.29 \\ & & 0.02 & 0.01 & 0.01 \\ \hline$14.10 & $8.64 & $6.36 & $5.51 & $5.29 \\ \hline$3.38 & $2.70 & $2.62 & $2.54 & $2.46 \end{tabular} FINANCIAL POSITION (in millions) Total assets Capital expenditures Long-term debt, including current portion Not dobt " Sharoholders' investment $53,811$3,544$13,720$8,735$12,827$51,248$2,649$12,680$5,036$14,440$42,779$3,027$11,499$9,689$11,833$41,290$3,516$11,275$10,506$11,297$40,303$2,533$11,398$10,267$11,651 FINANCIAL PATIOS Comparable sales growth = Gross margin ( % of sales) SGAA expenses (\% of total revonue) FINANCIAL RATIOS Comparable sales growth " Gross margin (\% of sales) SG\&A expenses (\% of total revenue) 12.7%28.3%18.6%19.3%28.4%19.9%3.4%28.9%20.8%5.0%28.4%20.9%1.3%28.8%20.8% Operating income margin (\% of total revenue) 8.4% 7.0% 6.0%5.5%5.8% OTHER Common shares outstanding (in millions) 471.3 500.9 Operating cash flow provided by continuing operations (in millions) Revenue per square foot th Retail square feet (in thousands) Square footage growth Total number of stores \begin{tabular}{rrrrr} $8,625 & $10,525 & $7,099 & $5,970 & $6,861 \\ $437 & $388 & $326 & $314 & $298 \\ 243,284 & 241,648 & 240,516 & 239,581 & 239,355 \\ 0.7% & 0.5% & 0.4% & 0.1% & (0.1)% \\ 1,926 & 1,897 & 1,868 & 1,844 & 1,822 \\ 48 & 44 & 42 & 40 & 41 \\ \hline \end{tabular} Common size analysis Ratio Analysis Current Ratio: Total current assets/Total current liabilities 2020: 2021: "The change from 2020 to 2021 is not favorable. Cash Ratio: Cash and cash equivalents/Total current liabilities 2020 2021: -The change from 2020 to 2021 isnot favorable. Acid-test ratio: (Cash including cash equivalents + Short-term investments + Net surrent receivables)(Total current Liabilities) 2020 . 2021: MThe change from 2020 to 2021 isinot favorable: Working capital: current assets-current liabilities 2020: 2021: "The change from 2020 to 2021 isinot favorable. Inventory Turnover: cost of goods sold/average merchandise inventory (AMi) 2020: 2021: "The change from 2020 to 2021 isinot favorable. Rate on return of common stockholders' equity: (preferred dividends)(average common stockholders' equity) ACSE 2020: 2021: The change from 2020 to 2021 isinot favorable. Debt Ratio: Total liabilitiesitotal assets 2020: 2021: 'The change from 2020 to 2021 isinos tavorable. Debt to equity ratio:total liabilities/total equity 2020: 2021: The change from 2020 to 2021 ishot favorable FINANCIAL RESULTS (in millions) \begin{tabular}{lllll} 2021 & 2020 & 2019 & 2018 & 2017 \\ \hline \end{tabular} Sales Other revenue Total revenue Cost of sales 74,96366,17754,86453,29951,125 Selling, general and administrative expenses (SG\&A) 19,75218,61516,23315,72315,140 Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income Net interest expense " Net other (income) / expense Earnings from continuing operations before- income taxes PER SHARE Basic earnings per share Continuing operations Discontinued operations \begin{tabular}{rrrrr} $14.23 & $8.72 & $6.39 & $5.54 & $5.32 \\ & & 0.02 & 0.01 & 0.01 \\ \hline$14.23 & $8.72 & $6.42 & $5.55 & $5.32 \\ \hline \end{tabular} Dlluted earnings per share Continuing operations \begin{tabular}{rrrrr} $14.10 & $8.64 & $6.34 & $5.50 & $5.29 \\ & & 0.02 & 0.01 & 0.01 \\ \hline$14.10 & $8.64 & $6.36 & $5.51 & $5.29 \\ \hline$3.38 & $2.70 & $2.62 & $2.54 & $2.46 \end{tabular} FINANCIAL POSITION (in millions) Total assets Capital expenditures Long-term debt, including current portion Not dobt " Sharoholders' investment $53,811$3,544$13,720$8,735$12,827$51,248$2,649$12,680$5,036$14,440$42,779$3,027$11,499$9,689$11,833$41,290$3,516$11,275$10,506$11,297$40,303$2,533$11,398$10,267$11,651 FINANCIAL PATIOS Comparable sales growth = Gross margin ( % of sales) SGAA expenses (\% of total revonue) FINANCIAL RATIOS Comparable sales growth " Gross margin (\% of sales) SG\&A expenses (\% of total revenue) 12.7%28.3%18.6%19.3%28.4%19.9%3.4%28.9%20.8%5.0%28.4%20.9%1.3%28.8%20.8% Operating income margin (\% of total revenue) 8.4% 7.0% 6.0%5.5%5.8% OTHER Common shares outstanding (in millions) 471.3 500.9 Operating cash flow provided by continuing operations (in millions) Revenue per square foot th Retail square feet (in thousands) Square footage growth Total number of stores \begin{tabular}{rrrrr} $8,625 & $10,525 & $7,099 & $5,970 & $6,861 \\ $437 & $388 & $326 & $314 & $298 \\ 243,284 & 241,648 & 240,516 & 239,581 & 239,355 \\ 0.7% & 0.5% & 0.4% & 0.1% & (0.1)% \\ 1,926 & 1,897 & 1,868 & 1,844 & 1,822 \\ 48 & 44 & 42 & 40 & 41 \\ \hline \end{tabular}
