Ratios to be completed: Profit Margin, Return on Total Assets, Return on Common Stockholders$$ Equity, Debt to Equity Ratio, Current Ratio, Basic Earnings Per Share, Price$-$Earnings Ratio and Dividend Yield.

Using this information: Item $1.$ Financial Statements

Consolidated Statements of Operations

Three Months Ended Nine Months Ended

$($millions$,$ except per share data$)($unaudited$)$ October $28,2023$ October $29,2022$ October $28,2023$ October $29,2022$

Sales $ $25,004$ $ $26,122$ $ $74,336$ $ $76,605$

Other revenue $3943961,1571,120$

Total revenue $25,39826,51875,49377,725$

Cost of sales $18,14919,68054,33358,283$

Selling, general and administrative expenses $5,3165,21915,52514,983$

Depreciation and amortization $($exclusive of depreciation included in cost of sales$)6165971,7931,770$

Operating income $1,3171,0223,8422,689$

Net interest expense $107125395349$

Net other income $(25)(12)(64)(35)$

Earnings before income taxes $1,2359093,5112,375$

Provision for income taxes $264197755471$

Net earnings $ $971$ $ $712$ $ $2,756$ $ $1,904$

Basic earnings per share $ $2\mathrm{.}10$ $ $1\mathrm{.}55$ $ $5\mathrm{.}97$ $ $4\mathrm{.}11$

Diluted earnings per share $ $2\mathrm{.}10$ $ $1\mathrm{.}54$ $ $5\mathrm{.}96$ $ $4\mathrm{.}09$

Weighted average common shares outstanding

Basic $461\mathrm{.}6460\mathrm{.}3461\mathrm{.}4462\mathrm{.}6$

Diluted $462\mathrm{.}6462\mathrm{.}5462\mathrm{.}7465\mathrm{.}3$

Antidilutive shares $3\mathrm{.}01\mathrm{.}32\mathrm{.}61\mathrm{.}1$

See accompanying Notes to Consolidated Financial Statements.

TARGET CORPORATION

Bullseye.jpg

Q$32023$ Form $10-$Q

$1$

FINANCIAL STATEMENTS

Table of Contents

Index to Notes

Consolidated Statements of Comprehensive Income

Three Months Ended Nine Months Ended

$($millions$)($unaudited$)$ October $28,2023$ October $29,2022$ October $28,2023$ October $29,2022$

Net earnings $ $971$ $ $712$ $ $2,756$ $ $1,904$

Other comprehensive income, net of tax

Pension benefit liabilities $11333$

Cash flow hedges and currency translation adjustment $(5)150(14)312$

Other comprehensive income $($loss$)(5)161(11)345$

Comprehensive income $ $966$ $ $873$ $ $2,745$ $ $2,249$

See accompanying Notes to Consolidated Financial Statements.

TARGET CORPORATION

Bullseye.jpg

Q$32023$ Form $10-$Q

$2$

FINANCIAL STATEMENTS

Table of Contents

Index to Notes

Consolidated Statements of Financial Position

$($millions$,$ except footnotes$)($unaudited$)$ October $28,$

$2023$ January $28,$

$2023$ October $29,$

$2022$

Assets

Cash and cash equivalents $ $1,910$ $ $2,229$ $ $954$

Inventory $14,73113,49917,117$

Other current assets $1,9582,1182,322$

Total current assets $18,59917,84620,393$

Property and equipment

Land $6,5206,2316,214$

Buildings and improvements $36,62734,74634,279$

Fixtures and equipment $8,4907,4397,184$

Computer hardware and software $3,3123,0392,899$

Construction$-$in$-$progress $2,0002,6882,358$

Accumulated depreciation $(23,781)(22,631)(22,013)$

Property and equipment, net $33,16831,51230,921$

Operating lease assets $3,0862,6572,596$

Other noncurrent assets $1,3761,3201,705$

Total assets $ $56,229$ $ $53,335$ $ $55,615$

Liabilities and shareholders$$ investment

Accounts payable $ $14,291$ $ $13,487$ $ $15,438$

Accrued and other current liabilities $6,0995,8836,138$

Current portion of long$-$term debt and other borrowings $1,1121302,207$

Total current liabilities $21,50219,50023,783$

Long$-$term debt and other borrowings $14,88316,00914,237$

Noncurrent operating lease liabilities $3,0312,6382,590$

Deferred income taxes $2,4472,1962,240$

Other noncurrent liabilities $1,8521,7601,746$

Total noncurrent liabilities $22,21322,60320,813$

Shareholders$$ investment

Common stock $383838$

Additional paid$-$in capital $6,6816,6086,558$

Retained earnings $6,2255,0054,631$

Accumulated other comprehensive loss $(430)(419)(208)$

Total shareholders$$ investment