TARGET CORP
For the period ended Nov 2, 2024. Filed Nov 27, 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.
Nov 2, 2024 · Filed Nov 27, 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 | ||
|---|---|---|
| Nine Months Ended | ||
| (millions) (unaudited) | November 2, 2024 | October 28, 2023 |
| Operating activities | ||
| Net earnings | $2,988 | $2,756 |
| Adjustments to reconcile net earnings to cash provided by operating activities: | ||
| Depreciation and amortization | 2,215 | 2,072 |
| Share-based compensation expense | 229 | 176 |
| Deferred income taxes | (58) | 252 |
| Noncash (gains) / losses and other, net | (1) | 101 |
| Changes in operating accounts: | ||
| Inventory | (3,279) | (1,232) |
| Other assets | (265) | (208) |
| Accounts payable | 2,362 | 887 |
| Accrued and other liabilities | (113) | 528 |
| Cash provided by operating activities | 4,078 | 5,332 |
| Investing activities | ||
| Expenditures for property and equipment | (1,968) | (3,952) |
| Proceeds from disposal of property and equipment | 2 | 24 |
| Other investments | 24 | 18 |
| Cash required for investing activities | (1,942) | (3,910) |
| Financing activities | ||
| Additions to long-term debt | 741 | — |
| Reductions of long-term debt | (1,112) | (114) |
| Dividends paid | (1,533) | (1,503) |
| Repurchase of stock | (506) | — |
| Shares withheld for taxes on share-based compensation | (98) | (124) |
| Cash required for financing activities | (2,508) | (1,741) |
| Net decrease in cash and cash equivalents | (372) | (319) |
| Cash and cash equivalents at beginning of period | 3,805 | 2,229 |
| Cash and cash equivalents at end of period | $3,433 | $1,910 |
| Supplemental information | ||
| Leased assets obtained in exchange for new finance lease liabilities | $312 | $86 |
| Leased assets obtained in exchange for new operating lease liabilities | 416 | 679 |
| TARGET CORPORATION | Q3 2024 Form 10-Q | 4 |
|---|
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