TARGET CORP
For the period ended Feb 3, 2024. Filed Mar 13, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 13, 2024
TGT$161.78-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| FINANCIAL STATEMENTS | Table of Contents |
| Index to Financial Statements |
Consolidated Statements of Cash Flows
| (millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating activities | |||
| Net earnings | $4,138 | $2,780 | $6,946 |
| Adjustments to reconcile net earnings to cash provided by operations: | |||
| Depreciation and amortization | 2,801 | 2,700 | 2,642 |
| Share-based compensation expense | 251 | 220 | 228 |
| Deferred income taxes | 298 | 582 | 522 |
| Gain on Dermstore sale | — | — | (335) |
| Noncash losses / (gains) and other, net | 94 | 172 | 67 |
| Changes in operating accounts: | |||
| Inventory | 1,613 | 403 | (3,249) |
| Other assets | (85) | 22 | (78) |
| Accounts payable | (1,216) | (2,237) | 2,628 |
| Accrued and other liabilities | 727 | (624) | (746) |
| Cash provided by operating activities | 8,621 | 4,018 | 8,625 |
| Investing activities | |||
| Expenditures for property and equipment | (4,806) | (5,528) | (3,544) |
| Proceeds from disposal of property and equipment | 24 | 8 | 27 |
| Proceeds from Dermstore sale | — | — | 356 |
| Other investments | 22 | 16 | 7 |
| Cash required for investing activities | (4,760) | (5,504) | (3,154) |
| Financing activities | |||
| Additions to long-term debt | — | 2,625 | 1,972 |
| Reductions of long-term debt | (147) | (163) | (1,147) |
| Dividends paid | (2,011) | (1,836) | (1,548) |
| Repurchase of stock | — | (2,646) | (7,188) |
| Shares withheld for taxes on share-based compensation | (127) | (180) | (168) |
| Stock option exercises | — | 4 | 8 |
| Cash required for financing activities | (2,285) | (2,196) | (8,071) |
| Net increase / (decrease) in cash and cash equivalents | 1,576 | (3,682) | (2,600) |
| Cash and cash equivalents at beginning of period | 2,229 | 5,911 | 8,511 |
| Cash and cash equivalents at end of period | $3,805 | $2,229 | $5,911 |
| Supplemental information | |||
| Interest paid, net of capitalized interest | $605 | $449 | $414 |
| Income taxes paid | 374 | 213 | 2,063 |
| Leased assets obtained in exchange for new finance lease liabilities | 104 | 224 | 288 |
| Leased assets obtained in exchange for new operating lease liabilities | 1,027 | 329 | 580 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.