Target Corporation (TGT) financial statements (2020 and earlier)

Company profile

Business Address 1000 NICOLLET MALL
MINNEAPOLIS, MN 55403
State of Incorp. MN
Fiscal Year End January 31
SIC 5331 - Variety Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:9691,5562,6432,5124,0462,210695
Cash and cash equivalents 787400346375379 
Short-term investments 769 1,1103,0081,5203
Other undisclosed cash, cash equivalents, and short-term investments969 2,2431,056663311692
Inventory, net of allowances, customer advances and progress billings11,3969,4978,6578,3098,6018,7908,766
Inventory11,3969,4978,6578,3098,6018,7908,766
Prepaid expense     231272
Disposal group, including discontinued operation   693221,333 
Other current assets1,4401,4661,2641,1001,1611,7542,112
Other undisclosed current assets     (231)(272)
Total current assets:13,80512,51912,56411,99014,13014,08711,573
Noncurrent Assets
Operating lease, right-of-use asset2,151
Property, plant and equipment26,38425,53325,01824,65825,21725,95831,378
Intangible assets, net (including goodwill) 699   302357
Goodwill 633   147151
Intangible assets, net (excluding goodwill) 66   155206
Disposal group, including discontinued operation, noncurrent assets   1275442
Other noncurrent assets1,4011,2731,4177718409171,602
Other undisclosed noncurrent assets 1,266   (302)(357)
Total noncurrent assets:29,93628,77126,43525,44126,13227,31732,980
TOTAL ASSETS:43,74141,29038,99937,43140,26241,40444,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,44913,96212,93110,98911,65412,50112,286
Accounts payable11,2589,7618,6777,2527,4187,7597,683
Accrued liabilities4,1914,2014,2543,7374,2363,7833,934
Taxes payable     550669
Interest and dividends payable     409 
Debt1,1591,0522701,718815911,080
Disposal group, including discontinued operation   1153103 
Deferred revenue and credits   255248
Other undisclosed current liabilities     (1,214)(837)
Total current liabilities:16,60815,01413,20112,70812,62211,73612,777
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,51310,22311,31711,03111,94512,70512,622
Capital lease obligations1,0211,1521,0258597891,971
Operating lease, liability2,208
Other undisclosed long-term debt and lease obligation8,3059,20210,16510,00611,08611,91610,651
Liabilities, other than long-term debt2,8672,7522,7722,7392,7383,7523,703
Pension and other postretirement defined benefit plans, liabilities115
Accounts payable and accrued liabilities     128 
Accrued income taxes174
Deferred compensation liability, classified     507491
Deferred tax liabilities, net9727138618231,3211,433
Deferred income tax liabilities1,215
Liability, pension and other postretirement and postemployment benefits     151
Disposal group, including discontinued operation, liabilities   1818193 
Other liabilities1,6521,7802,0591,8601,8971,4521,490
Other undisclosed noncurrent liabilities2,2082,004   (786)(780)
Total noncurrent liabilities:15,58814,97914,08913,77014,68315,67115,545
Total liabilities:32,19629,99327,29026,47827,30527,40728,322
Stockholders' equity
Stockholders' equity attributable to parent11,54511,29711,70910,95312,95713,99716,231
Common stock42434546505353
Additional paid in capital6,0066,0425,8585,6615,3484,8994,470
Accumulated other comprehensive loss(773)(805)(747)(638)(629)(599)(891)
Retained earnings6,2706,0176,5535,8848,1889,64412,599
Total stockholders' equity:11,54511,29711,70910,95312,95713,99716,231
TOTAL LIABILITIES AND EQUITY:43,74141,29038,99937,43140,26241,40444,553

Income statement (P&L) ($ in millions)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues77,69175,35671,87969,49573,78572,61872,596
Revenue, net71,87969,49573,78572,61872,596
Cost of revenue
(Cost of Goods and Services Sold)
(54,707)(53,299)(51,125)(48,872)(51,997)(51,278)(51,160)
Gross profit:22,98422,05720,75420,62321,78821,34021,436
Operating expenses(18,406)(17,947)(16,442)(13,356)(14,183)(14,822)(15,541)
Other operating income (expense), net
(Other Expenses)
    (39)(29)64
Operating income:4,5784,1104,3127,2677,5666,4895,959
Nonoperating income (expense)4327 4 11(5)
Investment income, nonoperating     11(5)
Other nonoperating income4327 4   
Interest and debt expense(468)(461)(666)(1,004)(607)(1,167)(1,571)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,302)(2,036)(1,680)(1,280)
Income from continuing operations before income taxes:4,1533,6763,6463,9654,9233,6533,103
Income tax expense(919)(746)(718)(1,296)(1,602)(1,204)(1,132)
Net income:3,2342,9302,9282,6693,3212,4491,971
Other undisclosed net income attributable to parent8      
Net income attributable to parent:3,2422,9302,9282,6693,3212,4491,971
Other undisclosed net income (loss) available to common stockholders, basic3766842(4,085) 
Net income (loss) available to common stockholders, diluted:3,2452,9372,9342,7373,363(1,636)1,971

Comprehensive Income ($ in millions)

10/31/2019
TTM
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income:3,2342,9302,9282,6693,3212,4491,971
Comprehensive income:3,2342,9302,9282,6693,3212,4491,971
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(48)(51)145912(3,793)(315)
Comprehensive income (loss), net of tax, attributable to parent:3,1862,8792,9422,7283,333(1,344)1,656

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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