Financial 8-10 pg paper

Sheet: asreported

Target Corp (NYS: TGT)

Exchange rate used is that of the Year End reported date

As Reported Annual Income Statement

Report Date

02/01/2014

02/02/2013

01/28/2012

01/29/2011

01/30/2010

Currency

USD

USD

USD

USD

USD

Audit Status

Not Qualified

Not Qualified

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Yes

Yes

Scale

Millions

Millions

Millions

Millions

Millions

Sales

72596.0

71960.0

68466.0

65786.0

63435.0

Credit card revenues

-

1341.0

1399.0

1604.0

1922.0

Total revenues

72596.0

73301.0

69865.0

67390.0

65357.0

Cost of sales

51160.0

50568.0

47860.0

45725.0

44062.0

Selling, general & administrative expenses

15375.0

14914.0

14106.0

13469.0

13078.0

Credit card expenses

-

467.0

446.0

860.0

1521.0

Depreciation & amortization expense

2223.0

2142.0

2131.0

2084.0

2023.0

Gain on receivables held for sale

391.0

161.0

-

-

-

Earnings before interest expense & income taxes

4229.0

5371.0

5322.0

5252.0

4673.0

Interest expense on nonrecourse debt collateralized by credit card receivables

-

-

72.0

83.0

97.0

Other interest expense

-

-

797.0

677.0

707.0

Interest income

-

-

3.0

3.0

3.0

Net interest income (expense)

-1126.0

-762.0

-866.0

-757.0

-801.0

Earnings before income taxes

3103.0

4609.0

4456.0

4495.0

3872.0

Current federal income taxes

1213.0

1471.0

1069.0

1086.0

877.0

Current state income taxes

148.0

135.0

74.0

-

-

Current state/other income taxes

-

-

-

44.0

143.0

Current international income taxes

25.0

18.0

13.0

-

-

Total current income taxes

1386.0

1624.0

1156.0

1130.0

1020.0

Deferred federal income taxes (benefit)

66.0

124.0

427.0

388.0

339.0

Deferred state income taxes (benefit)

2.0

14.0

-

-

-

Deferred state/other income taxes (benefit)

-

-

-

57.0

25.0

Deferred international income taxes

-322.0

-152.0

-56.0

-

-

Total deferred income taxes (benefit)

-254.0

-14.0

371.0

445.0

364.0

Provision for income taxes

1132.0

1610.0

1527.0

1575.0

1384.0

Net earnings (loss)

1971.0

2999.0

2929.0

2920.0

2488.0

Weighted average shares outstanding - basic

635.1

656.7

679.1

723.6

752.0

Weighted average shares outstanding - diluted

641.8

663.3

683.9

729.4

754.8

Year end shares outstanding

632.931

645.294

669.293

704.038

744.644

Net earnings (loss) per share - basic

3.1

4.57

4.31

4.03

3.31

Net earnings (loss) per share - diluted

3.07

4.52

4.28

4.0

3.3

Dividends per share

-

-

-

-

0.67

Total number of employees

366000.0

361000.0

365000.0

355000.0

351000.0

Number of common stockholders

15875.0

16412.0

16879.0

17247.0

17562.0