Balance Sheet Target Corporation

Equities

TGT

US87612E1064

Discount Stores

Market Closed - Nyse Other stock markets 04:00:02 2025-12-12 pm EST			5-day change	1st Jan Change
97.09 ^USD	+0.12%		+5.32%	-28.18%

Dec. 11	Recent leadership changes at global consumer goods companies	RE
Dec. 09	Target Corporation Opens Target SoHo	CI

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Published financial data: TARGET CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	92.4B	105B	108B	106B	107B
Other Revenues, Total	1.16B	1.39B	1.53B	1.61B	-
Total Revenues	93.56B	106B	109B	107B	107B
Cost of Goods Sold, Total	65.95B	74.96B	82.23B	77.74B	76.5B
Gross Profit	27.61B	31.04B	26.89B	29.68B	30.06B
Selling General & Admin Expenses, Total	18.55B	19.64B	20.55B	21.36B	21.8B
Depreciation & Amortization - (IS)	2.23B	2.34B	2.38B	2.42B	2.53B
Other Operating Expenses, Total	20.78B	21.98B	22.93B	23.78B	24.32B
Operating Income	6.83B	9.06B	3.96B	5.9B	5.74B
Interest Expense, Total	-465M	-421M	-478M	-502M	-411M
Net Interest Expenses	-465M	-421M	-478M	-502M	-411M
Other Non Operating Income (Expenses)	-4M	18M	2M	1M	1M
EBT, Excl. Unusual Items	6.36B	8.66B	3.48B	5.4B	5.33B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-19M	-	-	-	-
Gain (Loss) On Sale Of Assets	-	335M	-	-	-
Asset Writedown	-62M	-87M	-66M	-102M	-68M
Other Unusual Items	-738M	-	-	-	-
EBT, Incl. Unusual Items	5.55B	8.91B	3.42B	5.3B	5.26B
Income Tax Expense	1.18B	1.96B	638M	1.16B	1.17B
Earnings From Continuing Operations	4.37B	6.95B	2.78B	4.14B	4.09B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	4.37B	6.95B	2.78B	4.14B	4.09B
Net Income - (IS)	4.37B	6.95B	2.78B	4.14B	4.09B
Net Income to Common Incl Extra Items	4.37B	6.95B	2.78B	4.14B	4.09B
Net Income to Common Excl. Extra Items	4.37B	6.95B	2.78B	4.14B	4.09B
Per Share Items
Net EPS - Basic	8.73	14.23	6.02	8.97	8.89
Basic EPS - Continuing Operations	8.73	14.23	6.02	8.97	8.89
Basic Weighted Average Shares Outstanding	501M	488M	462M	462M	460M
Net EPS - Diluted	8.64	14.1	5.98	8.94	8.86
Diluted EPS - Continuing Operations	8.64	14.1	5.98	8.94	8.86
Diluted Weighted Average Shares Outstanding	505M	493M	465M	463M	462M
Normalized Basic EPS	7.95	11.09	4.71	7.31	7.23
Normalized Diluted EPS	7.87	10.98	4.69	7.29	7.21
Dividend Per Share	2.68	3.16	3.96	4.36	4.44
Payout Ratio	30.75	22.29	66.04	48.6	50.01
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	9.32B	11.7B	6.66B	8.7B	8.72B
EBITA	6.85B	9.06B	3.96B	5.9B	5.74B
EBIT	6.83B	9.06B	3.96B	5.9B	5.74B
EBITDAR	9.64B	12.07B	7.11B	9.23B	9.35B
Total Revenues (As Reported)	93.56B	106B	109B	107B	-
Effective Tax Rate - (Ratio)	21.24	22.02	18.67	21.88	22.24
Current Domestic Taxes	1.29B	1.44B	-51M	764M	1.25B
Current Foreign Taxes	68M	3M	107M	97M	101M
Total Current Taxes	1.36B	1.44B	56M	861M	1.35B
Deferred Domestic Taxes	-182M	521M	583M	299M	-182M
Deferred Foreign Taxes	-2M	1M	-1M	-1M	2M
Total Deferred Taxes	-184M	522M	582M	298M	-180M
Normalized Net Income	3.98B	5.41B	2.18B	3.37B	3.33B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	62M	68M	68M	71M	77M
Non-Cash Pension Expense	-7M	-29M	-46M	-91M	-105M
Supplemental Operating Expense Items
Advertising Expense	1.5B	1.5B	1.5B	1.4B	1.5B
Selling and Marketing Expenses	1.5B	1.5B	1.5B	1.4B	1.5B
Net Rental Expense, Total	317M	369M	448M	530M	626M
Imputed Operating Lease Interest Expense	81.09M	78.72M	96.19M	109M	104M
Imputed Operating Lease Depreciation	236M	290M	352M	421M	522M
Stock-Based Comp., SG&A Exp. (Total)	210M	238M	224M	255M	307M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	210M	238M	224M	255M	307M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	8.51B	5.91B	2.23B	3.8B	4.76B
Trading Asset Securities, Total	-	17M	-	-	-
Total Cash And Short Term Investments	8.51B	5.93B	2.23B	3.8B	4.76B
Accounts Receivable, Total	631M	835M	1.17B	891M	998M
Other Receivables	504M	518M	526M	513M	543M
Total Receivables	1.14B	1.35B	1.7B	1.4B	1.54B
Inventory	10.65B	13.9B	13.5B	11.89B	12.74B
Prepaid Expenses	171M	170M	188M	201M	226M
Other Current Assets, Total	286M	220M	235M	202M	185M
Total Current Assets	20.76B	21.57B	17.85B	17.5B	19.45B
Gross Property Plant And Equipment	49.38B	51.87B	56.8B	60.87B	63.06B
Accumulated Depreciation	-20.28B	-21.14B	-22.63B	-24.41B	-26.28B
Net Property Plant And Equipment	29.11B	30.74B	34.17B	36.46B	36.78B
Long-term Investments	188M	135M	7M	-	-
Goodwill	631M	631M	631M	631M	631M
Other Intangibles, Total	37M	25M	14M	8M	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	530M	710M	668M	761M	899M
Total Assets	51.25B	53.81B	53.34B	55.36B	57.77B
Liabilities
Accounts Payable, Total	12.86B	15.48B	13.49B	12.1B	13.05B
Accrued Expenses, Total	3.03B	2.91B	2.36B	2.68B	2.64B
Current Portion of Long-Term Debt	1.06B	63M	1M	997M	1.5B
Current Portion of Leases	299M	362M	425M	448M	489M
Current Income Taxes Payable	473M	-	-	-	334M
Unearned Revenue Current, Total	1.04B	1.2B	1.24B	1.16B	1.21B
Other Current Liabilities	1.38B	1.73B	1.99B	1.92B	1.57B
Total Current Liabilities	20.12B	21.75B	19.5B	19.3B	20.8B
Long-Term Debt	9.77B	11.58B	14.15B	13.15B	12.28B
Long-Term Leases	3.98B	4.46B	4.58B	5.17B	5.61B
Unearned Revenue Non Current	509M	479M	449M	419M	388M
Pension & Other Post Retirement Benefits	57M	45M	37M	33M	31M
Deferred Tax Liability Non Current	990M	1.57B	2.2B	2.48B	2.3B
Other Non Current Liabilities	1.37B	1.1B	1.19B	1.36B	1.7B
Total Liabilities	36.81B	40.98B	42.1B	41.92B	43.1B
Common Stock, Total	42M	39M	38M	38M	38M
Additional Paid In Capital	6.33B	6.42B	6.61B	6.76B	7B
Retained Earnings	8.82B	6.92B	5B	7.09B	8.09B
Comprehensive Income and Other	-756M	-553M	-419M	-460M	-458M
Total Common Equity	14.44B	12.83B	11.23B	13.43B	14.67B
Total Equity	14.44B	12.83B	11.23B	13.43B	14.67B
Total Liabilities And Equity	51.25B	53.81B	53.34B	55.36B	57.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	499M	462M	460M	462M	456M
ECS Total Common Shares Outstanding	501M	471M	460M	462M	456M
Book Value / Share	28.83	27.22	24.4	29.09	32.19
Tangible Book Value	13.77B	12.17B	10.59B	12.79B	14.04B
Tangible Book Value Per Share	27.5	25.83	23	27.71	30.81
Total Debt	15.11B	16.47B	19.15B	19.77B	19.88B
Net Debt	6.6B	10.54B	16.92B	15.96B	15.11B
Debt Equivalent of Unfunded Proj. Benefit Obligation	69M	-72M	-28M	-18M	-82M
Debt Equivalent Oper. Leases	2.54B	2.95B	3.58B	4.24B	5.01B
Account Code - Inventory Valuation	4	4	4	4	4
Land - (BS)	6.14B	6.16B	6.23B	6.55B	6.74B
Buildings, Total	29.5B	30.66B	32.45B	34.85B	36.34B
Machinery, Total	8.68B	8.91B	10.48B	12.19B	12.63B
Full Time Employees	409K	450K	440K	415K	440K

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	4.37B	6.95B	2.78B	4.14B	4.09B
Depreciation & Amortization - CF	2.47B	2.64B	2.7B	2.8B	2.98B
Amortization of Goodwill and Intangible Assets - (CF)	15M	-	-	-	-
Depreciation & Amortization, Total	2.48B	2.64B	2.7B	2.8B	2.98B
(Gain) Loss From Sale Of Asset	86M	-268M	172M	94M	26M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	200M	228M	220M	251M	304M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	328M	522M	582M	298M	-180M
Change In Inventories	-1.66B	-3.25B	403M	1.61B	-854M
Change In Accounts Payable	2.92B	2.63B	-2.24B	-1.22B	1.01B
Change in Other Net Operating Assets	1.79B	-824M	-602M	642M	-9M
Cash from Operations	10.52B	8.62B	4.02B	8.62B	7.37B
Capital Expenditure	-2.65B	-3.54B	-5.53B	-4.81B	-2.89B
Sale of Property, Plant, and Equipment	42M	27M	8M	24M	3M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	356M	-	-	-
Investment in Marketable and Equity Securities, Total	16M	7M	16M	22M	28M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-2.59B	-3.15B	-5.5B	-4.76B	-2.86B
Long-Term Debt Issued, Total	2.48B	1.97B	2.62B	-	741M
Total Debt Issued	2.48B	1.97B	2.62B	-	741M
Long-Term Debt Repaid, Total	-2.42B	-1.15B	-163M	-147M	-1.14B
Total Debt Repaid	-2.42B	-1.15B	-163M	-147M	-1.14B
Issuance of Common Stock	23M	8M	4M	-	-
Repurchase of Common Stock	-745M	-7.36B	-2.83B	-127M	-1.11B
Common Dividends Paid	-1.34B	-1.55B	-1.84B	-2.01B	-2.05B
Common & Preferred Stock Dividends Paid	-1.34B	-1.55B	-1.84B	-2.01B	-2.05B
Cash from Financing	-2B	-8.07B	-2.2B	-2.28B	-3.55B
Net Change in Cash	5.93B	-2.6B	-3.68B	1.58B	957M
Supplemental Items
Cash Interest Paid	939M	414M	449M	605M	615M
Cash Income Tax Paid (Refund)	1.03B	2.06B	213M	374M	1.06B
Levered Free Cash Flow	6.71B	3.89B	-2.65B	2.33B	3.68B
Unlevered Free Cash Flow	7B	4.15B	-2.35B	2.65B	3.94B
Change In Net Working Capital	-2.68B	848M	2.22B	-709M	48M
Net Debt Issued / Repaid	65M	825M	2.46B	-147M	-398M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.09	10.78	4.62	6.79	6.34
Return on Total Capital	15.43	19.25	8.29	11.6	10.61
Return On Equity %	33.25	50.95	23.11	33.55	29.12
Return on Common Equity	33.25	50.95	23.11	33.55	29.12
Margin Analysis
Gross Profit Margin %	29.51	29.28	24.64	27.63	28.21
SG&A Margin	19.82	18.52	18.83	19.89	20.45
EBITDA Margin %	9.96	11.04	6.1	8.1	8.18
EBITA Margin %	7.32	8.55	3.63	5.49	5.39
EBIT Margin %	7.3	8.55	3.63	5.49	5.39
Income From Continuing Operations Margin %	4.67	6.55	2.55	3.85	3.84
Net Income Margin %	4.67	6.55	2.55	3.85	3.84
Net Avail. For Common Margin %	4.67	6.55	2.55	3.85	3.84
Normalized Net Income Margin	4.25	5.11	2	3.14	3.13
Levered Free Cash Flow Margin	7.17	3.67	-2.43	2.17	3.45
Unlevered Free Cash Flow Margin	7.48	3.92	-2.15	2.46	3.69
Asset Turnover
Asset Turnover	1.99	2.02	2.04	1.98	1.88
Fixed Assets Turnover	3.25	3.54	3.36	3.04	2.91
Receivables Turnover (Average Receivables)	163.68	142.72	107.37	102.72	112.83
Inventory Turnover (Average Inventory)	6.71	6.11	6	6.12	6.21
Short Term Liquidity
Current Ratio	1.03	0.99	0.92	0.91	0.94
Quick Ratio	0.48	0.33	0.2	0.27	0.3
Operating Cash Flow to Current Liabilities	0.52	0.4	0.21	0.45	0.35
Days Sales Outstanding (Average Receivables)	2.22	2.55	3.39	3.61	3.23
Days Outstanding Inventory (Average Inventory)	54.21	59.62	60.65	60.58	58.59
Average Days Payable Outstanding	61.32	65.94	64.42	62.35	59.17
Cash Conversion Cycle (Average Days)	-4.88	-3.77	-0.39	1.84	2.64
Long Term Solvency
Total Debt/Equity	104.63	128.38	170.53	147.18	135.52
Total Debt / Total Capital	51.13	56.21	63.04	59.54	57.54
LT Debt/Equity	95.25	125.06	166.74	136.42	121.96
Long-Term Debt / Total Capital	46.55	54.76	61.63	55.19	51.78
Total Liabilities / Total Assets	71.82	76.16	78.94	75.74	74.61
EBIT / Interest Expense	14.7	21.52	8.28	11.75	13.96
EBITDA / Interest Expense	20.72	28.68	14.87	18.39	22.74
(EBITDA - Capex) / Interest Expense	15.03	20.26	3.31	8.81	15.71
Total Debt / EBITDA	1.57	1.36	2.69	2.14	2.13
Net Debt / EBITDA	0.68	0.87	2.38	1.73	1.62
Total Debt / (EBITDA - Capex)	2.16	1.93	12.12	4.47	3.08
Net Debt / (EBITDA - Capex)	0.94	1.24	10.71	3.61	2.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.78	13.3	2.94	-1.57	-0.79
Gross Profit, 1 Yr. Growth %	18.76	12.43	-13.37	10.36	1.62
EBITDA, 1 Yr. Growth %	27.1	25.59	-43.1	30.65	0.22
EBITA, 1 Yr. Growth %	44.46	32.6	-56.3	48.99	-2.73
EBIT, 1 Yr. Growth %	44.54	32.6	-56.3	48.99	-2.73
Earnings From Cont. Operations, 1 Yr. Growth %	33.62	59.02	-59.98	48.85	-1.14
Net Income, 1 Yr. Growth %	33.13	59.02	-59.98	48.85	-1.14
Normalized Net Income, 1 Yr. Growth %	49.27	36.45	-59.76	54.97	-1.3
Diluted EPS Before Extra, 1 Yr. Growth %	36.28	63.19	-57.59	49.5	-0.89
Accounts Receivable, 1 Yr. Growth %	26.71	32.33	40	-23.78	12.01
Inventory, 1 Yr. Growth %	18.47	30.5	-2.9	-11.95	7.18
Net Property, Plant and Equip., 1 Yr. Growth %	2.06	5.6	11.17	6.7	0.9
Total Assets, 1 Yr. Growth %	19.8	5	-0.88	3.79	4.36
Tangible Book Value, 1 Yr. Growth %	23.55	-11.63	-13.01	20.84	9.64
Common Equity, 1 Yr. Growth %	22.03	-11.17	-12.43	19.59	9.19
Cash From Operations, 1 Yr. Growth %	47.89	-18.05	-53.41	114.56	-14.55
Capital Expenditures, 1 Yr. Growth %	-12.49	33.79	55.98	-13.06	-39.85
Levered Free Cash Flow, 1 Yr. Growth %	97.28	-42.06	-168.09	-188.1	57.71
Unlevered Free Cash Flow, 1 Yr. Growth %	89.56	-40.71	-156.58	-212.66	48.72
Dividend Per Share, 1 Yr. Growth %	3.08	17.91	25.32	10.1	1.83
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.43	16.49	8	0.66	-1.18
Gross Profit, 2 Yr. CAGR %	11.88	15.55	-0.9	-2.22	5.89
EBITDA, 2 Yr. CAGR %	17.93	26.34	-14.42	-13.78	14.42
EBITA, 2 Yr. CAGR %	27.08	38.44	-22.59	-19.31	20.38
EBIT, 2 Yr. CAGR %	27.15	38.44	-22.59	-19.31	20.38
Earnings From Cont. Operations, 2 Yr. CAGR %	22.1	45.77	-20.22	-22.82	21.31
Net Income, 2 Yr. CAGR %	21.95	45.5	-20.22	-22.82	21.31
Normalized Net Income, 2 Yr. CAGR %	29.97	43.19	-24.55	-21.04	23.68
Diluted EPS Before Extra, 2 Yr. CAGR %	25.34	49.13	-16.81	-20.37	21.72
Accounts Receivable, 2 Yr. CAGR %	-	29.49	36.11	3.3	-7.6
Inventory, 2 Yr. CAGR %	5.91	24.34	12.57	-7.53	-2.85
Net Property, Plant and Equip., 2 Yr. CAGR %	2.88	3.82	8.35	8.91	3.76
Total Assets, 2 Yr. CAGR %	11.41	12.16	2.02	1.43	4.07
Tangible Book Value, 2 Yr. CAGR %	14	4.49	-12.32	2.52	15.14
Common Equity, 2 Yr. CAGR %	13.06	4.12	-11.8	2.33	14.27
Cash From Operations, 2 Yr. CAGR %	32.74	10.09	-38.21	-0.02	35.41
Capital Expenditures, 2 Yr. CAGR %	-13.2	8.2	44.46	16.45	-27.68
Levered Free Cash Flow, 2 Yr. CAGR %	108.11	6.91	-36.52	-22.55	17.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	95.19	6.02	-41.49	-20.16	29.44
Dividend Per Share, 2 Yr. CAGR %	3.13	10.24	21.56	17.46	5.89
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.77	12.05	11.79	4.71	0.18
Gross Profit, 3 Yr. CAGR %	8.55	12.06	4.97	2.72	-1.06
EBITDA, 3 Yr. CAGR %	10.8	20.43	-3.15	-1.46	-9.34
EBITA, 3 Yr. CAGR %	16	28.8	-5.74	-3.71	-14.12
EBIT, 3 Yr. CAGR %	16.04	28.94	-5.74	-3.71	-14.12
Earnings From Cont. Operations, 3 Yr. CAGR %	14.52	33.34	-5.26	-1.79	-16.18
Net Income, 3 Yr. CAGR %	14.45	33.23	-5.37	-1.79	-16.18
Normalized Net Income, 3 Yr. CAGR %	18.31	31.96	-6.21	-4.09	-14.94
Diluted EPS Before Extra, 3 Yr. CAGR %	17.77	36.86	-1.93	1.14	-14.35
Accounts Receivable, 3 Yr. CAGR %	-	-	32.9	12.19	6.12
Inventory, 3 Yr. CAGR %	7.41	13.54	14.5	3.72	-2.87
Net Property, Plant and Equip., 3 Yr. CAGR %	3.28	3.78	6.21	7.8	6.17
Total Assets, 3 Yr. CAGR %	8.34	9.23	7.63	2.6	2.39
Tangible Book Value, 3 Yr. CAGR %	7.97	4.72	-1.7	-2.43	4.86
Common Equity, 3 Yr. CAGR %	7.42	4.32	-1.72	-2.38	4.57
Cash From Operations, 3 Yr. CAGR %	14.92	13.03	-17.35	-6.44	-5.12
Capital Expenditures, 3 Yr. CAGR %	1.5	0.26	22.23	21.96	-6.56
Levered Free Cash Flow, 3 Yr. CAGR %	22.23	35.89	-8.02	-29.19	-1.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.45	31.21	-14.01	-27.21	-1.76
Dividend Per Share, 3 Yr. CAGR %	3.18	7.84	15.06	17.61	12
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.86	8.57	8.46	7.35	6.41
Gross Profit, 5 Yr. CAGR %	5.09	8	4.49	6.11	5.28
EBITDA, 5 Yr. CAGR %	4.96	9.86	-0.56	5.36	3.53
EBITA, 5 Yr. CAGR %	5.97	12.59	-2.03	6.83	3.95
EBIT, 5 Yr. CAGR %	6.02	12.65	-1.97	6.9	3.95
Earnings From Cont. Operations, 5 Yr. CAGR %	5.63	21.11	-0.9	7.15	4.59
Net Income, 5 Yr. CAGR %	5.37	20.5	-0.94	7.1	4.51
Normalized Net Income, 5 Yr. CAGR %	7.2	14.36	-1.95	7.46	4.76
Diluted EPS Before Extra, 5 Yr. CAGR %	10.48	25.22	2.48	10.2	6.92
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	14.92
Inventory, 5 Yr. CAGR %	4.37	10.84	9.44	4.59	7.22
Net Property, Plant and Equip., 5 Yr. CAGR %	2.91	4.51	5.28	5.8	5.22
Total Assets, 5 Yr. CAGR %	4.94	7.53	5.76	6.04	6.19
Tangible Book Value, 5 Yr. CAGR %	1.53	2.48	-0.66	3.84	4.72
Common Equity, 5 Yr. CAGR %	2.19	3.21	-0.73	3.52	4.39
Cash From Operations, 5 Yr. CAGR %	12.05	9.64	-10.34	7.62	0.69
Capital Expenditures, 5 Yr. CAGR %	13	18.03	16.89	6.45	-0.92
Levered Free Cash Flow, 5 Yr. CAGR %	5.29	2.43	-6.35	8.52	1.58
Unlevered Free Cash Flow, 5 Yr. CAGR %	4.7	1.76	-10.13	7.56	1.28
Dividend Per Share, 5 Yr. CAGR %	4.41	6.38	10.17	11.59	11.3