TARGET CORPORATION (TGT) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-08-04 to 2024-11-02

Swipe to see the full flow
TARGET CORPORATION cash flow reconciliation, Aug 4, 2024 through Nov 2, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $739,000,000.00Net earnings → Operating adjustments reconciliation: $115,000,000.00Accounts payable → Operating adjustments reconciliation: $1,840,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $754,000,000.00Accrued and other liabilities → Operating adjustments reconciliation: $81,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $80,000,000.00Operating adjustments reconciliation → Inventory: $2,561,000,000.00Operating adjustments reconciliation → Other assets: $212,000,000.00Operating adjustments reconciliation → Deferred income taxes: $74,000,000.00Operating adjustments reconciliation → Noncash (gains) / losses and other, net: $23,000,000.00Other investments → investing reconciliation: $18,000,000.00Net cash used in investing activities → investing reconciliation: $637,000,000.00investing reconciliation → Expenditures for property and equipment: $655,000,000.00Net cash used in financing activities → financing reconciliation: $166,000,000.00Additions to long-term debt → financing reconciliation: $741,000,000.00financing reconciliation → Dividends paid: $516,000,000.00financing reconciliation → Repurchase of stock: $351,000,000.00financing reconciliation → Reductions of long-term debt: $36,000,000.00financing reconciliation → Shares withheld for taxes on share-based compensation: $4,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,497,000,000.00Net cash from operating activities → Cash sources and uses: $739,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,433,000,000.00Cash sources and uses → Net cash used in investing activities: $637,000,000.00Cash sources and uses → Net cash used in financing activities: $166,000,000.00Accrued and other liabilities: $81,000,000.00Other accrued liabilities+$81.00 MDeferred income taxes: -$74,000,000.00Deferred income taxes−$74.00 MAccounts payable: $1,840,000,000.00Accounts payable+$1.84 BOther assets: -$212,000,000.00Other current assets−$212.00 MInventory: -$2,561,000,000.00Inventories−$2.56 BNoncash (gains) / losses and other, net: -$23,000,000.00Other non-cash items−$23.00 MNet earnings: $854,000,000.00Net earnings+$854.00 MShare-based compensation expense: $80,000,000.00Stock-based compensation+$80.00 MDepreciation and amortization: $754,000,000.00Depreciation & amortization+$754.00 MNet cash from operating activities: $739,000,000.00Operating cash+$739.00 MOperating adjustments reconciliation: $2,870,000,000.00Shares withheld for taxes on share-based compensation: -$4,000,000.00Stock-award tax withholding−$4.00 MDividends paid: -$516,000,000.00Common dividends paid−$516.00 MReductions of long-term debt: -$36,000,000.00Long-term debt repaid−$36.00 MRepurchase of stock: -$351,000,000.00Common stock repurchases−$351.00 MAdditions to long-term debt: $741,000,000.00Long-term debt issued+$741.00 MNet cash used in financing activities: -$166,000,000.00. Cash required to fund net payments.Financing cash−$166.00 Mfinancing reconciliation: $907,000,000.00Expenditures for property and equipment: -$655,000,000.00PP&E purchases−$655.00 MProceeds from disposal of property and equipment: $0.00Other investments: $18,000,000.00Other investing, net+$18.00 MNet cash used in investing activities: -$637,000,000.00. Cash required to fund net payments.Investing cash−$637.00 Minvesting reconciliation: $655,000,000.00Cash sources and uses: $4,236,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,497,000,000.00Beginning cash$3.50 BEnding cash: Cash, cash equivalents, and restricted cash: $3,433,000,000.00Ending cash$3.43 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$84.00 MOperating cash − cash spent on PP&ECash flow / Net income0.87×Operating cash flow ÷ net incomeNet cash change−$64.00 MEnding cash − beginning cash
Chart details

TARGET CORPORATION cash flow reconciliation, Aug 4, 2024 through Nov 2, 2024

Cash flows for Aug 4, 2024 through Nov 2, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Aug 3, 2024. Ending cash: Nov 2, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Aug 3, 2024
3,497,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
739,000,000 US dollars. Net cash provided.
Net earnings
854,000,000 US dollars
Accrued and other liabilities
81,000,000 US dollars
Deferred income taxes
negative 74,000,000 US dollars
Accounts payable
1,840,000,000 US dollars
Other assets
negative 212,000,000 US dollars
Inventory
negative 2,561,000,000 US dollars
Noncash (gains) / losses and other, net
negative 23,000,000 US dollars
Share-based compensation expense
80,000,000 US dollars
Depreciation and amortization
754,000,000 US dollars
Investing activities
negative 637,000,000 US dollars. Net cash used.
Expenditures for property and equipment
negative 655,000,000 US dollars
Proceeds from disposal of property and equipment
0 US dollars
Other investments
18,000,000 US dollars
Financing activities
negative 166,000,000 US dollars. Net cash used.
Shares withheld for taxes on share-based compensation
negative 4,000,000 US dollars
Dividends paid
negative 516,000,000 US dollars
Reductions of long-term debt
negative 36,000,000 US dollars
Repurchase of stock
negative 351,000,000 US dollars
Additions to long-term debt
741,000,000 US dollars
Operating adjustment reconciliation
2,870,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
907,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
655,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Nov 2, 2024
3,433,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
4,236,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 64,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.87×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
739,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
655,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
84,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $739.00M of net income directly to operating cash and $115.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 739,000,000 US dollars minus 655,000,000 US dollars equals 84,000,000 US dollars.
TARGET CORPORATION (TGT) FY2024 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!