Target 2015 Annual FR Financial Summary 2015 2012 (a) FINANCIAL RESULTS: (in mil
ID: 2583994 • Letter: T
Question
Target 2015 Annual FR Financial Summary 2015 2012 (a) FINANCIAL RESULTS: (in millions) s 73,785 72618 s 71.279 73,301 69,865 47,860 14,032 446 2,084 51,997 14,665 51,278 Cost of sales Selling, general and administrative expenses (SGSA) Credit card expenses Depreciation and amortization Gain on sale Earnings from continuing operations belore 2,213 2,129 expense and income taxes (EBIT) 5,530 5,170 5,740 5,443 Net interest expense Earnings from continuing operations before income taxes Provision for income taxes 5,056 4,121 1427 1,602 Net earnings from continuing operations Discontinued operations, net of tax Net eamings loss) $ 3,363 $(636 $ 1,97 $ 2,999S 2829 PER SHARE Basic earnings/poss) per share $ 5.29 386 424 $ 5.06 S 5.35 258 3.10 S 5.25 3.83 $ 5.31 S256 $ 4.24$ 5.05 4.49 (0.18) $ 4.57 $ 4.31 Net earnings/loss) per share Diluted earnings/(loss) per share $ 5.00 $ 4.46 (0.18) $ 307 4.52428 $ 1.38 S 1.15 Net earnings/lossi) per share Cash diidends deciared FINANCIAL POSITION: (n milions) Total assets Capital expenditures Long-cerm debt, including current portion Net debt Shareholders investment SEGMENT FINANCIAL RATIOS: Comparable sales growth Gross margin 0% of sales) SG&A;(% of sales) EBIT margin(% of sales) S 2.20 1.99 47,878 $ 46,260 s 40,262 41,17244.325 S 1438 186s $ 9,752 $ 11,205 1.886 2345 2476 $ 12,760 12725 $ 12,494 s 16,260 16,127 $ 16.185 $ 15.983 $ 16.558 15,821 s 12491 $ 16.231 12,957 s13997 2.1% 3.0% 301% 19.1% 79% 8% 297% 6.9% 68% 78% 602.2 Common shares outstanding (n milions) Operating cash flow provided by continuing operations (in milions Sales per squarofoot Retail square feet in thousands " Square footage growth " Total number of stores Total number of distribution centers $ 5,140 $ 5131 s7519 $ 5,568 $ 5,520 $ 307 $ 302 $ 298 s299 $ 204 239,539 239963 237,847 0.9% 1,778 1,763 d For 2012 and prio, inoludes saies gernerated by retal opeation and cret cand severus 4 For 2016, indludes the gain on the pharmacies and clinics transaction For 2013, Includes the gain on the recelabies transacton F to Form 10-K for moe information
Explanation / Answer
Peroid covered by the statement:31st January 2016 to 28th January 2017 1 Ending balance of cash and cash equivalence=$2512 million Yes.This agree with the ending balance of cash and cash equivalents reported on the balance sheet. 2 $1473 million a. Outflow b. Expenditure for property and equipment 3 $5497 million a. Outflow b. Repurchase of stock 4 $5436 million Inflow 5 Indirect method a. Cashflow from operating activity section begin with Net earnings/(loss) Current year:$5436 million Last year:$5958 million 6 a. Free cashflow=Cash provided by operating activities-capital expenditures-debt repayments Current year=5436-1547-2641=$1248 million Last year=5958-1438-85=$4435 million c. Cashflow on total assets=Cashflow from operations/Average total assets Average total assets=(opening balance+closing balance)/2 Current year Average total assets=(37431+40262)/2=38846.5 Cashflow on total assets=5436/38846.50=0.14 Last year Average total assets=(41172+40262)/2=40717 Cashflow on total assets=5958/40717=0.15 d. Cash coverage of growth=Cashflow from operations/Cash outflow for plant assets Current year=5436/1547=3.51 Last year=5958/1438=4.14
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