Target 2003 Annual Report Download - page 2

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2003 2002 2001 2000*1999
Operating Results (millions)
Total revenues $48,163 43,917 39,826 36,851 33,657
Pre-tax segment profit $ 3,734 3,461 2,965 2,682 2,523
Net earnings $ 1,841 1,654 1,368 1,264 1,144
Per Common Share Data**
Diluted earnings per share $2.01 1.81 1.50 1.38 1.23
Cash dividends declared $ .270 .240 .225 .215 .200
At Year-end (millions, except Number of stores)
Common shares outstanding 911.8 909.8 905.2 897.8 911.7
Retail square feet 188.6 176.5 161.6 149.4 139.4
Number of stores 1,553 1,475 1,381 1,307 1,243
* Consisted of 53 weeks.
** Earnings per share, dividends per share and common shares outstanding reflect our 2000 two-for-one common share split.
The Financial Highlights should be read in conjunction with the Notes to Consolidated Financial Statements throughout
page 30-39.
01 Report to Shareholders
04 Strategy Discussion
17 Financial Review
42 Shareholder Information
Net Earnings
(millions)
Pre-tax
Segment Profit
(millions)
Financial Highlights
Revenues
(millions)
Diluted
Earnings per
Share
’99 ’00 ’01 ’02 ’03
$33,657
$36,851
$39,826
$43,917
$48,163
45,000
37,500
30,000
22,500
15,000
7,500
’99 ’00 ’01 ’02 ’03
$2,523
$2,682
$2,965
$3,461
$3,734
4,000
3,000
2,000
1,000
’99 ’00 ’01 ’02 ’03
$1,144
$1,264
$1,368
$1,654
$1,841
2,000
1,500
1,000
500
’99 ’00 ’01 ’02 ’03
$1.23
$1.38
$1.50
$1.81
$2.01
2.00
1.50
1.00
0.50