TARGET CORP
For the period ended May 4, 2024. Filed May 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 4, 2024 · Filed May 31, 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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Consolidated Statements of Cash Flows
| FINANCIAL STATEMENTS | Table of Contents |
| Index to Notes |
| Consolidated Statements of Cash Flows | ||
|---|---|---|
| Three Months Ended | ||
| (millions) (unaudited) | May 4, 2024 | April 29, 2023 |
| Operating activities | ||
| Net earnings | $942 | $950 |
| Adjustments to reconcile net earnings to cash provided by operating activities: | ||
| Depreciation and amortization | 718 | 667 |
| Share-based compensation expense | 72 | 43 |
| Deferred income taxes | 64 | 95 |
| Noncash (gains) / losses and other, net | (31) | (11) |
| Changes in operating accounts: | ||
| Inventory | 156 | 883 |
| Other assets | 43 | 34 |
| Accounts payable | (524) | (1,463) |
| Accrued and other liabilities | (339) | 67 |
| Cash provided by operating activities | 1,101 | 1,265 |
| Investing activities | ||
| Expenditures for property and equipment | (674) | (1,605) |
| Proceeds from disposal of property and equipment | 1 | 2 |
| Other investments | 2 | 1 |
| Cash required for investing activities | (671) | (1,602) |
| Financing activities | ||
| Change in commercial paper, net | — | 90 |
| Reductions of long-term debt | (32) | (46) |
| Dividends paid | (508) | (497) |
| Shares withheld for taxes on share-based compensation | (91) | (118) |
| Cash required for financing activities | (631) | (571) |
| Net decrease in cash and cash equivalents | (201) | (908) |
| Cash and cash equivalents at beginning of period | 3,805 | 2,229 |
| Cash and cash equivalents at end of period | $3,604 | $1,321 |
| Supplemental information | ||
| Leased assets obtained in exchange for new finance lease liabilities | $122 | $15 |
| Leased assets obtained in exchange for new operating lease liabilities | 214 | 54 |
| TARGET CORPORATION | Q1 2024 Form 10-Q | 4 |
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