Target 2002 Annual Report Download - page 27

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25
February 1, February 2,
(millions) 2003 2002
Assets
Cash and cash equivalents $ 758 $ 499
Accounts receivable, net 5,565 3,831
Inventory 4,760 4,449
Other 852 869
Total current assets 11,935 9,648
Property and equipment
Land 3,236 2,833
Buildings and improvements 11,527 10,103
Fixtures and equipment 4,983 4,290
Construction-in-progress 1,190 1,216
Accumulated depreciation (5,629) (4,909)
Property and equipment, net 15,307 13,533
Other 1,361 973
Total assets $28,603 $24,154
Liabilities and shareholders’ investment
Accounts payable $ 4,684 $ 4,160
Accrued liabilities 1,545 1,566
Income taxes payable 319 423
Current portion of long-term debt and notes payable 975 905
Total current liabilities 7,523 7,054
Long-term debt 10,186 8,088
Deferred income taxes and other 1,451 1,152
Shareholders’ investment
Common stock*76 75
Additional paid-in-capital 1,256 1,098
Retained earnings 8,107 6,687
Accumulated other comprehensive income 4–
Total shareholders’ investment 9,443 7,860
Total liabilities and shareholders’ investment $28,603 $24,154
*Authorized 6,000,000,000 shares, $.0833 par value; 909,801,560 shares issued and outstanding at February 1, 2003; 905,164,702 shares issued and
outstanding at February 2, 2002.
See Notes to Consolidated Financial Statements throughout pages 28-36.
CO N S O L I DAT E D STAT E M E N T S O F F I N A N C I A L P O S I T I O N