Target corp (TGT)
CashFlow / TTM
Feb'20Nov'19Aug'19May'19Feb'19Oct'18Jul'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09Jul'09Apr'09
Operating activities
Net earnings

-

-

3,153

3,014

2,937

3,226

3,082

2,954

2,914

2,641

2,771

2,780

2,734

3,346

3,287

3,360

3,363

-703

-901

-1,419

-1,636

1,524

1,514

1,891

1,971

2,412

2,708

2,800

2,999

3,019

2,937

2,937

2,929

2,983

2,963

2,938

2,920

2,821

2,722

2,637

2,488

0

0

0

Earnings from discontinued operations, net of tax

12

11

9

9

7

6

3

4

6

2

-1

53

68

78

151

76

42

-3,563

-3,812

-3,948

-4,085

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings from continuing operations

3,269

3,234

3,144

3,005

2,930

3,220

3,079

2,950

2,908

2,639

2,772

2,727

2,666

3,268

3,136

3,284

3,321

2,860

2,911

2,529

2,449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

2,604

2,553

2,507

2,487

2,474

2,493

2,544

2,526

2,476

2,441

2,368

2,353

2,318

2,248

2,239

2,219

2,213

2,196

2,170

2,158

2,129

1,932

1,966

1,971

1,996

2,089

2,063

2,051

2,044

2,166

2,169

2,148

2,131

2,107

2,094

2,080

2,084

2,081

2,085

2,067

2,023

0

0

0

Share-based compensation expense

147

142

147

136

132

137

140

138

112

109

89

94

113

116

128

124

115

94

85

77

71

86

91

97

106

109

109

106

102

103

94

94

90

93

101

105

109

108

107

104

103

0

0

0

Deferred income taxes

178

296

297

333

322

40

31

-142

-188

-10

29

30

40

-128

-356

-328

-322

109

120

62

7

-155

36

87

58

-6

23

-6

67

47

157

278

371

593

419

436

445

162

448

404

364

0

0

0

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

228

222

194

154

150

220

343

528

730

920

1,086

1,185

0

0

0

Gain on receivables transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-422

-422

-422

-261

0

0

0

0

-

-

-

-

-445

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash losses / (gains) and other, net

-29

-16

-38

-65

-95

-84

-213

-267

-208

-203

-109

1

11

-15

-5

-47

-57

-110

-40

-34

-40

-51

-115

-66

-87

-238

-219

-226

-220

69

41

-5

-22

-43

44

245

145

-75

-132

-272

-143

0

0

0

Loss/impairment of property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in operating accounts:
Accounts receivable originated at Target

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-157

157

176

202

217

210

214

194

187

199

176

130

78

6

-30

16

57

0

0

0

Proceeds on sale of accounts receivable originated at Target

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,703

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

-505

-997

10

407

900

1,867

915

726

348

529

-374

-474

-293

-325

363

354

316

422

364

704

512

229

107

-43

504

686

552

263

-160

-357

-193

-25

322

340

198

446

417

168

200

256

474

0

0

0

Other assets

-18

169

236

308

299

208

226

152

156

18

4

21

-56

-112

-196

-182

-221

112

138

104

115

-223

-156

-112

79

267

283

307

155

117

158

146

150

194

49

-16

124

-61

65

212

129

0

0

0

Other noncurrent assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

6

-18

-26

-43

50

78

163

212

0

0

0

-

-

-

-

Accounts payable

140

-698

54

329

1,127

1,870

1,317

1,418

1,307

1,737

773

143

-166

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-3

-1

-4

232

293

279

146

115

121

-6

146

174

0

0

0

Accrued and other liabilities

199

126

116

141

89

286

409

-286

419

292

300

381

-394

-1,239

792

1,301

947

0

0

0

-

0

0

0

-

0

0

0

-

469

197

349

218

-70

267

-17

149

264

-20

207

257

0

0

0

Other noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-21

-4

-23

-97

-15

-19

-136

-103

-116

-114

26

-82

0

0

0

Cash provided by operating activities—continuing operations

7,099

6,497

6,057

5,781

5,970

6,055

6,715

6,116

6,861

6,987

6,810

6,341

5,337

4,989

4,610

4,730

5,254

5,593

5,262

5,119

5,157

5,365

5,345

5,104

7,519

6,973

7,206

7,491

5,568

5,807

5,569

5,689

5,434

0

0

0

-

-

-

-

-

-

-

-

Cash provided by operating activities—discontinued operations

18

11

4

1

3

9

18

28

74

71

72

161

107

11

-27

-136

704

661

552

437

-692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by operations

7,117

6,508

6,061

5,782

5,973

6,064

6,733

6,144

6,935

7,058

6,882

6,502

5,444

5,000

4,583

4,594

5,958

6,254

5,814

5,556

4,465

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Investing activities
Expenditures for property and equipment

3,027

3,046

3,054

3,344

3,516

3,357

3,186

2,874

2,533

2,412

2,066

1,748

1,547

1,493

1,412

1,371

1,438

1,553

1,615

1,667

1,786

409

850

1,456

1,886

2,847

2,660

2,418

2,346

2,956

3,592

4,565

4,368

4,272

3,517

2,354

2,129

1,896

1,678

1,596

1,729

0

0

0

Proceeds from disposal of property and equipment

63

75

80

86

85

43

24

22

31

50

54

56

46

30

29

25

28

32

64

96

95

81

66

56

70

104

96

84

66

65

53

37

37

40

39

58

69

44

41

39

33

0

0

0

Change in accounts receivable originated at third parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-121

-183

-199

-190

-254

-198

-174

-173

-259

-291

-370

-396

-363

-344

-202

-53

10

0

0

0

Proceeds from sale of accounts receivable originated at third parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,002

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions, net of cash assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

-20

-14

-12

-11

-15

-22

-28

41

55

57

53

-16

-28

-35

13

-6

-24

-30

-98

-109

-106

-107

-103

-96

-130

-127

-193

-170

-102

-92

107

114

108

91

46

39

47

77

21

2

-3

0

0

0

Cash (required for) / provided by investing activitiescontinuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

489

-1,485

-1,445

-1,482

-1,605

-239

-800

-1,421

1,280

412

772

988

-1,924

-2,601

-3,472

-4,469

-4,180

0

0

0

-

-

-

-

-

-

-

-

Cash provided by investing activitiesdiscontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

-94

-131

-212

-321

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash required for investing activities

-2,944

-2,957

-2,962

-3,247

-3,416

-3,810

-3,652

-3,411

-3,075

-2,419

-2,065

-1,676

-1,473

439

471

535

508

-1,579

-1,576

-1,694

-1,926

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Financing activities
Change in commercial paper, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

-692

-618

386

-890

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Additions to long-term debt

1,739

0

0

994

-

-

-

0

-

-

-

-

1,977

1,977

1,979

1,979

0

0

0

0

-

-

-

-

-

-

-

-

1,971

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Reductions of long-term debt

2,069

1,054

1,052

282

281

1,367

1,830

2,194

2,192

1,117

655

1,796

2,649

2,638

2,642

934

85

89

94

2,062

2,079

2,072

2,078

578

3,463

3,958

3,942

3,440

1,529

0

0

0

-

-

-

-

2,259

2,165

2,555

3,139

1,970

0

0

0

Dividends paid

1,330

1,329

1,328

1,331

1,335

1,338

1,340

1,340

1,338

1,338

1,345

1,344

1,348

1,356

1,363

1,365

1,362

1,348

1,325

1,266

1,205

1,146

1,088

1,046

1,006

968

933

900

869

836

803

777

750

726

703

657

609

559

507

501

496

0

0

0

Repurchase of stock

1,565

1,598

1,832

1,920

2,124

1,913

1,385

1,253

1,046

1,290

2,083

3,125

3,706

4,321

4,470

3,895

3,483

2,222

1,277

512

26

0

0

921

1,461

2,106

2,206

1,823

1,875

1,379

1,479

1,622

1,842

2,090

2,660

2,886

2,452

0

0

0

-

-

-

-

Accelerated share repurchase pending final settlement

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment of accelerated share repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock option exercises

73

70

70

92

96

174

149

120

108

80

79

85

221

184

180

234

300

567

589

553

373

149

148

273

456

476

540

487

360

302

238

155

89

227

212

241

294

149

154

114

47

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash required for financing activities

-3,152

-3,407

-2,623

-2,422

-3,644

-4,154

-4,192

-4,353

-3,729

-3,145

-4,006

-6,182

-5,505

-6,185

-6,316

-3,861

-4,630

-3,477

-2,296

-1,800

-1,024

-1,768

-1,643

-1,886

-6,364

-6,979

-7,234

-6,169

-2,488

-2,559

-1,519

-1,938

-2,140

-1,451

-3,275

-3,380

-4,015

-4,049

-3,619

-4,327

-2,842

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

25

34

26

5

6

8

8

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) / increase in cash and cash equivalents

1,021

144

476

113

-1,087

-1,900

-1,111

-1,620

131

1,494

811

-1,356

-1,534

-746

-1,262

1,268

1,836

1,197

1,939

2,053

1,515

74

-215

-1,104

-89

-763

-424

1,144

-10

648

552

-749

-918

-115

-650

-154

-488

0

0

0

-

-

0

0

Supplemental information
Leased assets obtained in exchange for new finance lease liabilities

379

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

464

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-