Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1,2020, are available in Connect. This material is also available under the Investor Relations link at the company's website (www.target.com). Required: 1. Did Target's cash provided by operating activities in fiscal 2019 increase or decrease from the previous year? 2. Is Target's cash provided by operating activities more or less than net income in fiscal 2019 ? 3. What is Target's largest investing activity? 4. Is Target increasing or decreasing its long-term debt? 5. Some transactions that don't 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? Consolidated Statements of Operations \begin{tabular}{|c|c|c|c|c|} \hline (millions, except per share data) & & 2019 & 2018 & 2017 \\ \hline Sales & $ & 77,130$ & 74,433$ & 71,786 \\ \hline Other revenue & & 982 & 923 & 928 \\ \hline Total revenue & & 78,112 & 75,356 & 72,714 \\ \hline Cost of sales & & 54,864 & 53,299 & 51,125 \\ \hline Selling, general and administrative expenses & & 16,233 & 15,723 & 15,140 \\ \hline \begin{tabular}{l} Depreciation and amortization (exclusive of depreciation included in cost \\ of sales) \end{tabular} & & 2,357 & 2,224 & 2,225 \\ \hline Operating income & & 4,658 & 4,110 & 4,224 \\ \hline Net interest expense & & 477 & 461 & 653 \\ \hline Net other (income)/ expense & & (9) & (27) & (59) \\ \hline Earnings from continuing operations before income taxes & & 4,190 & 3,676 & 3,630 \\ \hline Provision for income taxes & & 921 & 746 & 722 \\ \hline Net earnings from continuing operations & & 3,269 & 2,930 & 2,908 \\ \hline Discontinued operations, net of tax & & 12 & 7 & 6 \\ \hline Net earnings & $ & 3,281$ & 2,937$ & 2,914 \\ \hline \multicolumn{5}{|l|}{ Basic earnings per share } \\ \hline Continuing operations & $ & 6.39$ & 5.54$ & 5.32 \\ \hline Discontinued operations & & 0.02 & 0.01 & 0.01 \\ \hline Net earnings per share & $ & 6.42$ & 5.55$ & 5.32 \\ \hline \multicolumn{5}{|l|}{ Diluted earnings per share } \\ \hline Continuing operations & $ & 6.34$ & 5.50$ & 5.29 \\ \hline Discontinued operations & & 0.02 & 0.01 & 0.01 \\ \hline Net earnings per share & $ & 6.36$ & 5.51$ & 5.29 \\ \hline \multicolumn{5}{|l|}{ Weighted average common shares outstanding } \\ \hline Basic & & 510.9 & 528.6 & 546.8 \\ \hline Diluted & & 515.6 & 533.2 & 550.3 \\ \hline Antidilutive shares & & - & - & 4.1 \\ \hline \end{tabular} Note: Per share amounts may not foot due to rounding. \begin{tabular}{|c|c|c|c|c|} \hline (millions) & & 2019 & 2018 & 2017 \\ \hline Net earnings & $ & 3,281$ & 2,937$ & 2,914 \\ \hline \multicolumn{5}{|l|}{ Other comprehensive (loss)/ income, net of tax } \\ \hline Pension and other benefit liabilities, net of tax & & (65) & (52) & 2 \\ \hline Currency translation adjustment and cash flow hedges, net of tax & & 2 & (6) & 6 \\ \hline Other comprehensive (loss)/income & & (63) & (58) & 8 \\ \hline Comprehensive income & $ & 3,218$ & 2,879$ & 2,922 \\ \hline \end{tabular} period presented. Consolidated Statements of Cash Flows