← TARGET CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings — $2.7b $2.9b $2.9b $3.3b $4.4b $6.9b $2.8b $4.1b $4.1b $3.7b
Net Income (Loss) Attributable to Parent — — — — — — $6.9b $2.8b $4.1b $4.1b $3.7b
Net Income (Loss) Available to Common Stockholders, Basic $3.4b $2.7b $2.9b $2.9b $3.3b $4.4b — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $3.3b $2.7b $2.9b $2.9b $3.3b $4.4b — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $42.0m $68.0m $6.0m $7.0m $12.0m $0 — — — — —
Amortization of Intangible Assets $23.0m $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
Depreciation, Depletion and Amortization $2.2b $2.3b $2.5b $2.5b $2.6b $2.5b $2.6b $2.7b $2.8b $3.0b $2.6b
Depreciation, Depletion and Amortization, Nonproduction — $2.3b $2.5b $2.5b $2.6b $2.5b $2.6b $2.7b $2.8b $3.0b $2.6b
Deferred Income Tax Expense (Benefit) ($322.0m) $41.0m ($188.0m) $322.0m $178.0m ($184.0m) $522.0m $582.0m $298.0m ($180.0m) —
Deferred income taxes — $41.0m ($192.0m) $322.0m $178.0m ($184.0m) $522.0m $582.0m $298.0m ($180.0m) ($55.0m)
Goodwill and Intangible Asset Impairment $35.0m — — — — — — — — — —
Goodwill, Impairment Loss — — $0 $0 $0 $0 $0 $0 $0 $0 $0
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — $180.0m $127.0m $99.0m —
Share-based Payment Arrangement, Expense $118.0m $116.0m $115.0m $134.0m $152.0m $210.0m $238.0m $224.0m $255.0m $307.0m —
Share-based Payment Arrangement, Noncash Expense $115.0m $113.0m $112.0m $132.0m $147.0m $200.0m $228.0m $220.0m $251.0m $304.0m —
Share-based compensation expense — $113.0m $112.0m $132.0m $147.0m $200.0m $228.0m $220.0m $251.0m $304.0m $281.0m
Shares withheld for taxes on share-based compensation — — — — — — ($168.0m) ($180.0m) ($127.0m) ($99.0m) ($67.0m)
Gain (Loss) on Disposition of Assets $620.0m $0 — — — — — — — — —
Gain (Loss) on Disposition of Business — — — — — $0 $335.0m $0 — — —
Gain (Loss) on Extinguishment of Debt $0 ($422.0m) ($123.0m) $0 ($10.0m) ($512.0m) $0 — — — —
Income Tax Expense (Benefit) $1.6b $1.3b $722.0m $746.0m $921.0m $1.2b $2.0b $638.0m $1.2b $1.2b $1.1b
Interest Expense Nonoperating — — — — — — — — $502.0m $411.0m $445.0m
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
Other Nonoperating Income (Expense) ($39.0m) $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:
Additional Financial Items
Accounts payable — ($166.0m) $1.3b $1.1b $140.0m $2.9b $2.6b ($2.2b) ($1.2b) $1.0b ($501.0m)
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 $1.4b $1.5b $2.5b $3.5b $3.0b $2.6b $3.5b $5.5b $4.8b $2.9b —
Additions to long-term debt — $2.0b $739.0m $0 $1.7b $2.5b $2.0b $2.6b $0 $741.0m $2.0b
Cash used in financing activities — ($5.5b) ($3.7b) ($3.6b) ($3.2b) ($2.0b) ($8.1b) ($2.2b) ($2.3b) ($3.5b) ($2.2b)
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)
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)
Goodwill $133.0m $133.0m $630.0m $633.0m $633.0m $631.0m $631.0m $631.0m $631.0m $631.0m $631.0m
Increase (Decrease) in Accounts Payable — ($166.0m) $1.3b $1.1b $140.0m $2.9b $2.6b ($2.2b) ($1.2b) $1.0b —
Increase (Decrease) in Inventories $316.0m ($293.0m) $348.0m $900.0m ($505.0m) $1.7b $3.2b ($403.0m) ($1.6b) $854.0m —
Increase (Decrease) in Other Operating Assets — ($30.0m) $156.0m $299.0m ($18.0m) $137.0m — — — $308.0m —
Inventory — $293.0m ($348.0m) ($900.0m) $505.0m ($1.7b) ($3.2b) $403.0m $1.6b ($854.0m) $436.0m
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
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)
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)
Proceeds from Stock Options Exercised $300.0m $221.0m $109.0m $96.0m $73.0m $23.0m $8.0m $4.0m $0 — —
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)
Repurchase of stock — ($3.7b) ($1.0b) ($2.1b) ($1.6b) ($745.0m) ($7.4b) ($2.8b) $0 ($1.0b) ($408.0m)
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 —
Net Cash Provided by (Used in) Operating Activities $6.0b $5.4b $6.9b $6.0b $7.1b $10.5b $8.6b $4.0b $8.6b $7.4b $6.6b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.4b $1.5b $2.5b $3.5b $3.0b $2.6b $3.5b $5.5b $4.8b $2.9b —
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 $518.0m $0 — — — — — — —
Payments for (Proceeds from) Other Investing Activities ($24.0m) ($28.0m) $55.0m ($15.0m) ($20.0m) ($16.0m) ($7.0m) ($16.0m) ($22.0m) ($31.0m) —
Net Cash Provided by (Used in) Investing Activities $508.0m ($1.5b) ($3.1b) ($3.4b) ($2.9b) ($2.6b) ($3.2b) ($5.5b) ($4.8b) ($2.9b) —
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $2.0b $739.0m $0 $1.7b $2.5b $2.0b $2.6b $0 $741.0m —
Repayments of Long-term Debt $85.0m $2.6b $2.2b $281.0m $2.1b $2.4b $1.1b $163.0m $147.0m $1.1b —
Payments for Repurchase of Common Stock $3.5b $3.7b $1.0b $2.1b $1.6b $745.0m $7.4b $2.6b $0 $1.0b —
Payments of Ordinary Dividends, Common Stock $1.4b $1.3b $1.3b $1.3b $1.3b $1.3b $1.5b $1.8b $2.0b $2.0b —
Dividends Payable, Current $337.0m $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)
Payments of Dividends $1.4b $1.3b $1.3b $1.3b $1.3b $1.3b $1.5b $1.8b $2.0b $2.0b —
Net Cash Provided by (Used in) Financing Activities ($4.6b) ($5.5b) ($3.7b) ($3.6b) ($3.2b) ($2.0b) ($8.1b) ($2.2b) ($2.3b) ($3.5b) —
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 —
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
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 —
Cash, Cash Equivalents, and Short-term Investments $4.0b $2.5b $2.6b $1.6b $2.6b $8.5b $5.9b $2.2b $3.8b $4.8b $5.5b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $604.0m $999.0m $678.0m $476.0m $492.0m $939.0m $414.0m $449.0m $605.0m $615.0m $629.0m
Income Taxes Paid, Net ($127.0m) $1.5b $934.0m $373.0m $696.0m $1.0b $2.1b $213.0m $374.0m $1.1b —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.