Target corp (TGT)
CashFlow / Yearly
Feb'20Feb'19Feb'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10Jan'09Jan'08
Operating activities
Net earnings

3,281

2,937

2,914

2,734

3,363

-1,636

1,971

2,999

2,929

2,920

2,488

2,214

2,849

Earnings from discontinued operations, net of tax

12

7

6

68

42

-4,085

-723

-316

-

-

-

-

-

Net earnings from continuing operations

3,269

2,930

2,908

2,666

3,321

2,449

2,694

3,315

-

-

-

-

-

Adjustments to reconcile net earnings to cash provided by operations:
Depreciation and amortization

2,604

2,474

2,476

2,318

2,213

2,129

1,996

2,044

2,131

2,084

2,023

1,826

1,659

Share-based compensation expense

147

132

112

113

115

71

106

102

90

109

103

72

73

Deferred income taxes

178

322

-188

40

-322

7

58

67

371

445

364

91

-70

Gain on sale

-

-

-

-

620

0

391

-

-

-

-

-

-

Gain on receivables transaction

-

-

-

-

-

-

-

161

0

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

154

528

1,185

1,251

481

Loss on debt extinguishment

-10

0

-123

-422

0

-285

-445

0

0

-

-

-

-

Noncash losses / (gains) and other, net

-29

-95

-208

11

-57

-40

-87

-220

-22

145

-143

316

52

Loss/impairment of property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-28

Changes in operating accounts:
Accounts receivable originated at Target

-

-

-

-

-

-

-157

217

187

78

57

458

602

Proceeds on sale of accounts receivable originated at Target

-

-

-

-

-

-

2,703

0

0

-

-

-

-

Inventory

-505

900

348

-293

316

512

504

-160

322

417

474

-77

525

Other assets

-18

299

156

-56

-221

115

79

155

150

124

129

99

139

Other noncurrent assets

-

-

-

-

-

-

-

-

-43

212

114

55

-101

Accounts payable

140

1,127

1,307

-166

-362

-

-

-

232

115

174

-389

111

Accounts payable and accrued liabilities

-

-

-

-

-

803

247

193

-

-

-

-

-

Accrued and other liabilities

199

89

419

-394

947

-

-

-

218

149

257

-230

62

Other noncurrent liabilities

-

-

-

-

-

-

-

-

-97

-103

-82

-186

124

Other

-

-

-

-

-

-

-

-

-

-

-

-

79

Cash provided by operating activities—continuing operations

7,099

5,970

6,861

5,337

5,254

5,157

7,519

5,568

5,434

5,271

5,881

-

-

Cash provided by operating activities—discontinued operations

18

3

74

107

704

-692

-999

-243

-

-

-

-

-

Cash provided by operations

7,117

5,973

6,935

5,444

5,958

4,465

6,520

5,325

-

-

-

4,430

4,125

Investing activities
Expenditures for property and equipment

3,027

3,516

2,533

1,547

1,438

1,786

1,886

2,346

4,368

2,129

1,729

3,547

4,369

Proceeds from disposal of property and equipment

63

85

31

46

28

95

70

66

37

69

33

39

95

Proceeds from sale of businesses

-

-

-

-

1,875

0

0

-

-

-

-

-

-

Change in accounts receivable originated at third parties

-

-

-

-

-

-

-121

-254

-259

-363

10

823

1,739

Proceeds from sale of accounts receivable originated at third parties

-

-

-

-

-

-

3,002

0

0

-

-

-

-

Cash paid for acquisitions, net of cash assumed

0

0

518

0

0

20

157

0

0

-

-

-

-

Other investments

-20

-15

55

-28

-24

-106

-130

-102

108

47

-3

42

182

Cash (required for) / provided by investing activitiescontinuing operations

-

-

-

-

489

-1,605

1,280

-1,924

-4,180

-1,744

-1,703

-

-

Cash provided by investing activitiesdiscontinued operations

-

-

-

-

19

-321

-1,551

-931

-

-

-

-

-

Cash required for investing activities

-2,944

-3,416

-3,075

-1,473

508

-1,926

-271

-2,855

-

-

-

-4,373

-6,195

Financing activities
Change in commercial paper, net

-

-

-

-

-

-80

-890

970

0

-

-

-

-

Additions to short-term debt

-

-

-

-

-

-

-

-

1,500

-

-

-

1,000

Reductions of short-term debt

-

-

-

-

-

-

-

1,500

0

-

-

500

500

Additions to long-term debt

1,739

0

739

1,977

0

1,993

0

1,971

1,994

1,011

-

3,557

7,617

Reductions of long-term debt

2,069

281

2,192

2,649

85

2,079

3,463

1,529

3,125

2,259

1,970

1,455

1,326

Dividends paid

1,330

1,335

1,338

1,348

1,362

1,205

1,006

869

750

609

496

465

442

Repurchase of stock

1,565

2,124

1,046

3,706

3,483

26

1,461

1,875

1,842

2,452

423

2,815

2,477

Premiums on call options

-

-

-

-

-

-

-

-

-

-

-

-

-331

Stock option exercises

73

96

108

221

300

373

456

360

89

294

47

43

210

Other

-

-

-

-

-

-

-

-16

-6

-

-

-8

-44

Cash required for financing activities

-3,152

-3,644

-3,729

-5,505

-4,630

-1,024

-6,364

-2,488

-2,140

-4,015

-2,842

-1,643

3,707

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

26

8

-32

-

-

-

-

Net (decrease) / increase in cash and cash equivalents

1,021

-1,087

131

-1,534

1,836

1,515

-89

-10

-918

-488

1,336

-1,586

1,637

Supplemental information
Interest paid, net of capitalized interest

492

476

678

999

604

871

1,043

697

816

752

805

873

633

Income taxes paid

696

373

934

1,514

-127

1,251

1,386

1,603

1,109

1,259

1,040

1,399

1,734

Leased assets obtained in exchange for new finance lease liabilities

379

130

139

252

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

464

246

212

148

-

-

-

-

-

-

-

-

-

Noncash financing activities
Property and equipment acquired through capital lease obligations

-

-

-

-

126

88

132

251

1,388

176

-

-

-