← TARGET CORP

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings $2.7b
$2.9b +7.20%
$2.9b +0.10%
$3.3b +11.71%
$4.4b +33.13%
$6.9b +59.02%
$2.8b -59.98%
$4.1b +48.85%
$4.1b -1.14%
$3.7b -9.44%
—
Net Income (Loss) Attributable to Parent — — — — — $6.9b
$2.8b -59.98%
$4.1b +48.85%
$4.1b -1.14%
$3.7b -9.44%
—
Net Income (Loss) Available to Common Stockholders, Basic
$2.7b -18.61%
$2.9b +6.47%
$2.9b +0.79%
$3.3b +11.71%
$4.4b +33.13%
— — — — — —
Amortization of Intangible Assets $18.0m $14.0m $14.0m $13.0m — — — — — — —
Depreciation $2.3b $2.5b $2.5b $2.6b $2.5b $2.6b $2.7b $2.8b $3.0b $3.1b $3.2b
Depreciation, Depletion and Amortization $2.3b $2.5b $2.5b $2.6b $2.5b $2.6b $2.7b $2.8b $3.0b $2.6b $3.2b
Deferred Income Tax Expense (Benefit) $41.0m ($188.0m) $322.0m $178.0m ($184.0m) $522.0m $582.0m $298.0m ($180.0m) ($55.0m) $82.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — $180.0m $127.0m $99.0m — —
Share-based Payment Arrangement, Expense $116.0m $115.0m $134.0m $152.0m $210.0m $238.0m $224.0m $255.0m $307.0m — $266.0m
Share-based Payment Arrangement, Noncash Expense $113.0m $112.0m $132.0m $147.0m $200.0m $228.0m $220.0m $251.0m $304.0m — $266.0m
Share-based compensation expense $113.0m $112.0m $132.0m $147.0m $200.0m $228.0m $220.0m $251.0m $304.0m $281.0m $266.0m
Shares withheld for taxes on share-based compensation — — — — — ($168.0m) ($180.0m) ($127.0m) ($99.0m) ($67.0m) —
Goodwill and Intangible Asset Impairment — — — — — — — — — — —
Goodwill, Impairment Loss — $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Other Nonoperating Income (Expense) $4.0m $59.0m $27.0m $9.0m ($16.0m) $382.0m $48.0m $92.0m $106.0m $95.0m —
Changes in operating assets and liabilities:
Increase (Decrease) in Inventories ($293.0m) $348.0m $900.0m ($505.0m) $1.7b $3.2b ($403.0m) ($1.6b) $854.0m — $731.0m
Inventory $293.0m ($348.0m) ($900.0m) $505.0m ($1.7b) ($3.2b) $403.0m $1.6b ($854.0m) $436.0m $731.0m
Accounts payable ($166.0m) $1.3b $1.1b $140.0m $2.9b $2.6b ($2.2b) ($1.2b) $1.0b ($501.0m) $286.0m
Accrued and other liabilities ($350.0m) $450.0m $89.0m $199.0m $1.9b ($746.0m) ($624.0m) $727.0m $299.0m $156.0m —
Accrued capital expenditures $1.5b $2.5b $3.5b $3.0b $2.6b $3.5b $5.5b $4.8b $2.9b — —
Increase (Decrease) in Other Operating Assets ($30.0m) $156.0m $299.0m ($18.0m) $137.0m — — — $308.0m — —
Other $28.0m ($55.0m) $15.0m $20.0m $16.0m $7.0m $16.0m $22.0m $28.0m $78.0m —
Other assets $36.0m $168.0m ($299.0m) $18.0m ($137.0m) ($78.0m) $22.0m ($85.0m) ($308.0m) ($494.0m) —
Net Cash Provided by (Used in) Operating Activities
$5.4b -8.76%
$6.9b +27.58%
$6.0b -13.87%
$7.1b +19.15%
$10.5b +47.89%
$8.6b -18.05%
$4.0b -53.41%
$8.6b +114.56%
$7.4b -14.55%
$6.6b -10.93%
$7.0b +6.72%
Cash flows from investing activities:
Expenditures for property and equipment $46.0m $31.0m $85.0m $63.0m $42.0m $27.0m $8.0m $24.0m $3.0m ($3.7b) —
Payments to Acquire Property, Plant, and Equipment $1.5b $2.5b $3.5b $3.0b $2.6b $3.5b $5.5b $4.8b $2.9b — ($4.0b)
Cash, Cash Equivalents, and Short-term Investments $2.5b $2.6b $1.6b $2.6b $8.5b $5.9b $2.2b $3.8b $4.8b $5.5b —
Payments to Acquire Businesses, Net of Cash Acquired $0 $518.0m $0 — — — — — — — —
Payments for (Proceeds from) Other Investing Activities ($28.0m) $55.0m ($15.0m) ($20.0m) ($16.0m) ($7.0m) ($16.0m) ($22.0m) ($31.0m) — —
Cash used in investing activities ($1.5b) ($3.1b) ($3.4b) ($2.9b) ($2.6b) ($3.2b) ($5.5b) ($4.8b) ($2.9b) ($3.6b) —
Net Cash Provided by (Used in) Investing Activities ($1.5b) ($3.1b) ($3.4b) ($2.9b) ($2.6b) ($3.2b) ($5.5b) ($4.8b) ($2.9b) — ($3.9b)
Cash flows from financing activities:
Additions to long-term debt $2.0b $739.0m $0 $1.7b $2.5b $2.0b $2.6b $0 $741.0m $2.0b —
Gain (Loss) on Extinguishment of Debt ($422.0m) ($123.0m) $0 ($10.0m) ($512.0m) $0 — — — — —
Proceeds from Issuance of Long-term Debt $2.0b $739.0m $0 $1.7b $2.5b $2.0b $2.6b $0 $741.0m — $993.0m
Reductions of long-term debt ($2.6b) ($2.2b) ($281.0m) ($2.1b) ($2.4b) ($1.1b) ($163.0m) ($147.0m) ($1.1b) ($1.6b) —
Repayments of Long-term Debt $2.6b $2.2b $281.0m $2.1b $2.4b $1.1b $163.0m $147.0m $1.1b — ($1.1b)
Payments for Repurchase of Common Stock $3.7b $1.0b $2.1b $1.6b $745.0m $7.4b $2.6b $0 $1.0b — —
Payments of Ordinary Dividends, Common Stock $1.3b $1.3b $1.3b $1.3b $1.3b $1.5b $1.8b $2.0b $2.0b — ($2.1b)
Dividends Payable, Current $334.0m $336.0m $331.0m $333.0m $341.0m $424.0m $497.0m $508.0m $510.0m $516 —
Dividends paid ($1k) ($1k) ($1k) ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2.1b)
Payments of Dividends $1.3b $1.3b $1.3b $1.3b $1.3b $1.5b $1.8b $2.0b $2.0b — ($2.1b)
Cash used in financing activities ($5.5b)
($3.7b) +32.38%
($3.6b) +1.96%
($3.2b) +13.50%
($2.0b) +36.55%
($8.1b) -303.55%
($2.2b) +72.79%
($2.3b) -4.05%
($3.5b) -55.36%
($2.2b) +38.39%
—
Net Cash Provided by (Used in) Financing Activities
($5.5b) -18.73%
($3.7b) +32.16%
($3.6b) +2.28%
($3.2b) +13.50%
($2.0b) +36.55%
($8.1b) -303.55%
($2.2b) +72.79%
($2.3b) -4.05%
($3.5b) -55.36%
— ($2.5b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $131.0m ($1.1b) $1.0b $5.9b ($2.6b) ($3.7b) $1.6b $957.0m — $3.5b
Cash and cash equivalents at beginning of period $4.0b $2.5b $2.6b $2.6b $8.5b $5.9b $2.2b $3.8b $4.8b $5.5b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $1.6b $2.6b $8.5b $5.9b $2.2b $3.8b $4.8b — $3.5b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment — — ($4.0m) ($1.0m) ($1.0m) $0 — — — — —
Derivative, Gain (Loss) on Derivative, Net — — — — — $0 $4.0m $24.0m $23.0m — —
Gain (Loss) on Disposition of Assets $0 — — — — — — — — — —
Gain (Loss) on Disposition of Business — — — — $0 $335.0m $0 — — — —
Goodwill $133.0m $630.0m $633.0m $633.0m $631.0m $631.0m $631.0m $631.0m $631.0m $631.0m —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $2.7b $2.9b $2.9b $3.3b $4.4b — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $68.0m $6.0m $7.0m $12.0m $0 — — — — — —
Income Tax Expense (Benefit) $1.3b $722.0m $746.0m $921.0m $1.2b $2.0b $638.0m $1.2b $1.2b $1.1b —
Income Taxes Paid, Net $1.5b $934.0m $373.0m $696.0m $1.0b $2.1b $213.0m $374.0m $1.1b — —
Interest Expense Nonoperating — — — — — — — $502.0m $411.0m $445.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $999.0m $678.0m $476.0m $492.0m $939.0m $414.0m $449.0m $605.0m $615.0m $629.0m —
Leased assets obtained in exchange for new finance lease liabilities $252.0m $139.0m $130.0m $379.0m $428.0m $288.0m $224.0m $104.0m $319.0m $104.0m —
Leased assets obtained in exchange for new operating lease liabilities $148.0m $212.0m $246.0m $464.0m $262.0m $580.0m $329.0m $1.0b $758.0m $381.0m —
Net increase in cash and cash equivalents — $131.0m ($1.1b) $1.0b $5.9b ($2.6b) ($3.7b) $1.6b $957.0m $726.0m —
Noncash (gains) / losses and other, net $0 $192.0m $95.0m $29.0m $86.0m $67.0m $172.0m $94.0m $26.0m ($100.0m) —
Proceeds from Stock Options Exercised $221.0m $109.0m $96.0m $73.0m $23.0m $8.0m $4.0m $0 — — —
Repurchase of stock ($3.7b) ($1.0b) ($2.1b) ($1.6b) ($745.0m) ($7.4b) ($2.8b) $0 ($1.0b) ($408.0m) —
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.