Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some transactions that dont increase or decrease cash must be reported in conjunction with a statement of cash flows. What activity of this type did

Some transactions that dont increase or decrease cash must be reported in conjunction with a statement of cash flows. What activity of this type did Target report during each of the three years presented?

image text in transcribed

Consolidated Statements of Cash Flows 2017 2016 2015 $ 2,934 $ 6 2,928 2,737 $ 68 2,669 3,363 42 3,321 2,445 112 (192) 2,298 113 41 2,213 115 (322) (620) 123 192 422 (21) 57 (348) (168) 1,307 450 293 30 (166) (350) 5,329 107 5,436 (316) 221 (362) 947 5,254 704 5,958 6,849 74 6,923 (millions) Operating activities Net earnings Earnings from discontinued operations, net of tax Net earnings from continuing operations Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Share-based compensation expense Deferred income taxes Gain on sale Loss on debt extinguishment Noncash (gains) / losses and other, net Changes in operating accounts: Inventory Other assets Accounts payable Accrued and other liabilities Cash provided by operating activities-continuing operations Cash provided by operating activitiesdiscontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Proceeds from sale of businesses Cash paid for acquisitions, net of cash assumed Other investments Cash (required for) provided by investing activities-continuing operations Cash provided by investing activitiesdiscontinued operations Cash (required for)/provided by investing activities Financing activities Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises Cash required for financing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental information Interest paid, net of capitalized interest Income taxes paid / (refunded) Property and equipment acquired through capital lease obligations (2,533) 31 (1,547) 46 (1,438) 28 1,875 (518) (55) (3,075) 24 28 (1,473) 489 19 (3,075) (1,473) 508 739 (2,180) (1,338) (1,046) 108 (3,717) 131 2,512 2,643 $ 1,977 (2,641) (1,348) (3,706) 221 (5,497) (1,534) 4,046 2,512 $ (85) (1,362) (3,483) 300 (4,630) 1,836 2,210 4,046 $ $ 678 $ 934 173 999 $ 1,514 238 604 (127) 126 See accompanying Notes to Consolidated Financial Statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forest Management Auditing

Authors: Lucio Brotto

1st Edition

0367605872, 978-0367605872

More Books

Students also viewed these Accounting questions