Tech Ambassador Financial Statement Case 16-1 Requirements 1. Which method does Target use to report net cash flows from operating activist How can you tell 2. Target canned net income during 2015. Did operations provide cash or use cash during 2015 Give the amount. How didnt cash provided by lined for operations during 2015 compare with not income in 2015 3. For the year ended January 30, 2016 fiscal year 2015), did Target pay cash dividends? If so, how much? 4. For the year ended January 30, 2016, did Target use cash to purchase property, plant, and equipment? It so, how much! ] 3 Consolidated Statements of Financial Position Jant January 31 (millions, except footnotes) 2015 Assets Cash and cash equivalents, including short-term investments of $3,008 and $1,520 $ 4,046 $ 2,210 Inventory 8,601 8,282 Assets of discontinued operations 322 1,058 Other current assets 1,161 2,074 Total current assets 14,130 13,624 Property and equipment Land 6,125 6,127 Buildings and improvements 27.059 26,613 Fixtures and equipment 5,347 5,329 Computer hardware and software 2,617 2,652 Construction-in-progress 315 424 Accumulated depreciation (16,246) (15,093) Property and equipment, net 25,217 25,952 Noncurrent assets of discontinued operations 75 717 Other noncurrent assets 840 879 Total assets $ 40,262 $ 41,172 Liabilities and shareholders' investment Accounts payable $ 7,418 $ 7.759 Accrued and other current liabilities 4,236 3,783 Current portion of long-term debt and other borrowings 815 91 Liabilities of discontinued operations 153 103 Total current liabilities 12.622 11,736 Long-term debt and other borrowings 11,945 12,634 Deferred income taxes 823 1,160 Noncurrent liabilities of discontinued operations 18 Other noncurrent liabilities 1,897 1,452 Total noncurrent liabilities 14,683 15.439 Shareholders Investment Common stock 50 53 Additional paid in capital 5,340 Retained earnings 8,188 9.644 Accumulated other comprehensive loss Pension and other benefit abilities (588) (561) Currency translation adjustment and cash flow hedges (41) (38) Total shareholders investment 12,957 13,997 Total liabilities and shareholders investment 5 40,262 5 41.172 Common Stock und 1,000.000.000 1033662.226.517 handstanding any 2016 640.213.907 was dandanding day 31, 2015 Preferred Stock Autorud 5.000.000 1001 pahamstanding ary 2011 Jan 193 lapo + D Read aloud Consolidated Statements of Operations $ 2015 73,785 $ 51.997 21,788 14,665 2.213 (620) 2014 72,618 5 51.278 21,340 14,676 2,129 2013 71,279 50,039 21.240 14,465 1.996 (391) (millions, except per share data) Sales Cost of sales Gross margin Selling, general and administrative expenses Depreciation and amortization Gain on sale Earnings from continuing operations before interest expense and income Net interest expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net eamings/(loss) Basic earnings/(loss) per share Continuing operations Discontinued operations Net earnings floss) per share Diluted earnings/(loss) per share Continuing operations Discontinued operations Net earnings/loss) per share Weighted average common shares outstanding Basic Dilutive effect of share-based awards Diluted Artidutive shares Pershe may not foot due to rounding seu companying to Conte Financial Statements 5,530 607 4,923 1.602 3,321 42 3,363 S 4,535 882 3,653 1,204 2,449 (4.085) (1,636) $ 5,170 1,049 4,121 1,427 2,694 (723) 1.971 $ $ 5.29 $ 0.07 5.35 $ 3.86 $ (6.44) (2.58) S 4.24 (1.14) 3.10 $ $ 5.25 $ 0.07 5.31 $ 3.83 $ (6.38) (256) $ 4.20 (1.13) 3.07 $ 6277 5.2 632.9 6347 5.4 6-40.1 3.3 635.1 6.7 5418 23 1 + 0 ad aloud Consolidated Statements of Cash Flows 2015 2013 3,363 5 1.971 (1,636) 5 (4035) 2,449 3.321 2,694 2213 115 (322) 1620) 2.129 71 7 1.996 100 58 (391) 445 87 285 40 (12) millions) Operating activities Net oamings/loss) Earnings (Iomes) from discontinued operations, net of tax Net emings from continuing operations Adjustments to reconcile net earings 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 Accounts receivable originated at Target Proceeds on sale of accounts receivable originated at Target Inventory Other assets Accounts payable and accrund abilities Cash provided by operating activities continuing operations Canh provided by required for operating activities discontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Proceeds from sale of businesses Change in accounts receivable originated at third parties Proceeds from sale of accounts receivable originated at third parties Cash paid for acquisitions of cash asumed Other investments Cash provided by inquired for investing activities continuing operations Cash provided by required for investing activities discontinued operations Cash geovided toured for investing activities Financing activities Change in commercial paper, net Addition to long-term det Reductions of long-term de Dividend pad Heproof Station series and related tax bene (316) 227 534 5,140 704 5,844 (512) (115) 777 5.131 (692) 4.439 157 2.703 (504) (79) 247 7.519 (990) 6,520 (1438) 28 1.875 (1.786) 05 (1886) 70 121 3.002 1157) 130 1,200 11.551) (20) 100 (1.605) (321) 24 459 19 508 (80) (20) 1.095 (65) (1.362) 1.43a) (2,079) 11.2053 409) (1.000) 1.460 33 TH 1043 Effect of change on cash and cach equivalente 1.615 Cathed cothequivalente at beretninged 2.310 Cash and cash or period 4043 Bupplemental Information 0045 TIS Income taxes reunded 1261 Product that Includes cath of our decortinget portion of 1.5 miliona Fury 1, 2014 and Felinary 2013 Incidos cash of our continued operation of 25 Fury 1, 2014 Designs is on Financial Statements