Target 2003 Annual Report Download - page 28

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26
(millions, except per share data) 2003 2002 2001
Sales $46,781 $42,722 $39,114
Net credit card revenues 1,382 1,195 712
Total revenues 48,163 43,917 39,826
Cost of sales 31,790 29,260 27,143
Selling, general and administrative expense 10,696 9,416 8,461
Credit card expense 838 765 463
Depreciation and amortization 1,320 1,212 1,079
Interest expense 559 588 473
Earnings before income taxes 2,960 2,676 2,207
Provision for income taxes 1,119 1,022 839
Net earnings $ 1,841 $ 1,654 $ 1,368
Basic earnings per share $ 2.02 $ 1.82 $ 1.52
Diluted earnings per share $ 2.01 $ 1.81 $ 1.50
Weighted average common shares outstanding:
Basic 911.0 908.0 901.5
Diluted 917.1 914.0 909.8
See Notes to Consolidated Financial Statements throughout pages 30-39.
CONSOLIDATED RESULTS OF OPERATIONS