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Using Targets 2021 10K form Answer the following and show work: I m I 6 I 6 q: tgt-20220129 X a Untitled document - Google
Using Targets 2021 10K form Answer the following and show work:
I m I 6 I 6 q: tgt-20220129 X a Untitled document - Google Dr x I + v (- -> C i app.quotemedia.com/data/downloadFiling?webmasterld=10153-0mpanyName=Target+Corporation&formType=... ] '1} ~' It I] f" 5 M Gmail II VouTube 9 Maps TARGET CORPORATION o 2021 Form 10AK Cl FINANCIAL STATEMENTS Consolidated Statements of Operations (millions, except per share data) 2021 2020 2019 Sales $ 104,611 $ 92,400 $ 77,13C Other revenue 1.394 1.161 982 Total revenue 106,005 93,561 78.112 Cost of sales 74,963 66,177 54,864 Selling. general and administrative expenses 19.752 18.615 16.233 Depreciation and amortization (exclusive of depreciation included in cost of sales) 2.344 2,230 2,357 Operating income 8.946 6,539 4,658 Net interest expense 421 977 477 Net other (income) / expense (382) 16 (9 Earnings from continuing operations before income taxes 8.907 5.546 4,19C Provision for income taxes 1.961 1,178 921 Net earnings from continuing operations 6.946 4.368 3,269 Discontinued operations. net of tax 12 Net earnings $ 6.946 $ 4.368 $ 3,281 Basic earnings per share Continuing operations $ 14.23 $ 8.72 $ 6.35 Discontinued operations 0.02 Net earnings per share $ 14.23 $ 8.72 $ 6.42 Diluted earnings per share Continuing operations 3 14.10 $ 8.64 $ 6.34 Discontinued operations 0.02 Net earnings per share $ 14.10 $ 8.64 $ 6.36 Weighted average common shares outstanding Basic 488.1 500.6 510.9 Diluted 492.7 505.4 515.6 Antidilutive shares Note: Per share amounts may not foot due to rounding. See accompanying Notes to Consolidated Financial Statements. O TARGET CORPORATION 2021 Form m-K FINANCIAL STATEMENTS Bb Bb 45 tgt-20220129 X Untitled document - Google Dc x + C app.quotemedia.com/data/downloadFiling?webmasterld=101533&ref=116540845&type=HTML&symbol=TGT&companyName=Target+Corporation&formType=... [dj M Gmail YouTube Maps FINANCIAL STATEMENTS Table of Content Index to Financial Statement Consolidated Statements of Financial Position (millions, except footnotes) January 29, 2022 January 30, 2021 Assets Cash and cash equivalents $ 5,911 $ 8,511 Inventory 13,902 10,653 Other current assets 1,760 1,592 Total current asset 21,573 20,756 Property and equipment Land 6, 164 6,141 Buildings and improvements 32,985 31,557 Fixtures and equipment 6,407 5,914 Computer hardware and software 2,505 2,765 Construction-in-progress 1,257 780 Accumulated depreciation (21,137) (20,278) Property and equipment, net 28.181 26,879 Operating lease assets 2,556 2,227 Other noncurrent assets 1,501 1,386 Total assets EA 53,811 $ 51,248 Liabilities and shareholders' investment Accounts payable EA 15,478 $ 12,859 Accrued and other current liabilities 6.09 6, 122 Current portion of long-term debt and other borrowings 171 1,144 Total current liabilities 21,747 20,125 Long-term debt and other borrowings 13,549 11,536 Noncurrent operating lease liabilities 2,493 2,218 Deferred income taxes 1,566 990 Other noncurrent liabilities 1,629 1,939 Total noncurrent liabilities 19,237 16,683 Shareholders' investment Common stock 39 42 Additional paid-in capital 6,421 6,329 Retained earnings 6,920 8,825 Accumulated other comprehensive loss (553) (756) Total shareholders' investment 12,827 14,440 Total liabilities and shareholders' investment $ 53,811 $ 51,248 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 471,274,073 shares issued and outstanding as of January 29, 2022; 500,877, 129 shares issued and outstanding as of January 30, 2021. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented. See accompanying Notes to Consolidated Financial Statements.Bb Bb 45 tgt-20220129 X Untitled document - Google Dc x + C app.quotemedia.com/data/downloadFiling?webmasterld=101533&ref=116540845&type=HTML&symbol=TGT&companyName=Target+Corporation&formType=... dj M Gmail YouTube Maps FINANCIAL STATEMENTS Index to Financial Statements Consolidated Statements of Cash Flows (millions) 2021 2020 2019 Operating activities Net earnings 6,946 $ 4,368 $ 3,281 Earnings from discontinued operations, net of tax 12 Net earnings from continuing operations 6,946 4,368 3,269 Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization 2,642 2,485 2,604 Share-based compensation expense 228 200 147 Deferred income taxes 522 184) 178 Gain on Dermstore sale (335) Loss on debt extinguishment 512 Noncash losses / (gains) and other, net 10 67 86 20 Changes in operating accounts: Inventory (3,249) (1,661) 505 Other assets (78 (137) 18 Accounts payable 2,628 2,925 140 Accrued and other liabilities (746) 1,931 199 Cash provided by operating activities-continuing operations 8,625 10,525 7.099 Cash provided by operating activities-discontinued operations Cash provided by operating activities 18 8.625 10,525 7,117 Investing activities Expenditures for property and equipment 3,544) (2,649) (3,027 Proceeds from disposal of property and equipment 27 42 Proceeds from Dermstore sale 63 356 Other investments 16 20 Cash required for investing activities (3,154) (2,591) 2,944 Financing activities Additions to long-term debt 1,972 2,480 1,739 Reductions of long-term debt (1,147) (2,415 Dividends paid (2,069) (1,548 1,343 Repurchase of stock (1,330 (7,356) (745) (1,565 Stock option exercises 8 23 73 Cash required for financing activities (8,071) (2,000) 3, 152 Net (decrease) / increase in cash and cash equivalents (2,600) 5,934 1.021 Cash and cash equivalents at beginning of period 8,511 2,577 1,556 Cash and cash equivalents at end of period $ 5,911 $ 8,511 $ 2,577 Supplemental information Interest paid, net of capitalized interest $ 414 $ 939 $ 492 Income taxes paid 2,063 ,031 696 Leased assets obtained in exchange for new finance lease liabilities 288 428 Leased assets obtained in exchange for new operating lease liabilities 379 580 262 464 See accompanying Notes to Consolidated Financial StatementsStep by Step Solution
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