Target 2003 Annual Report Download - page 29

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27
January 31, February 1,
(millions) 2004 2003
Assets
Cash and cash equivalents $716 $ 758
Accounts receivable, net 5,776 5,565
Inventory 5,343 4,760
Other 1,093 852
Total current assets 12,928 11,935
Property and equipment
Land 3,629 3,236
Buildings and improvements 13,091 11,527
Fixtures and equipment 5,432 4,983
Construction-in-progress 995 1,190
Accumulated depreciation (6,178) (5,629)
Property and equipment, net 16,969 15,307
Other 1,495 1,361
Total assets $31,392 $28,603
Liabilities and shareholders’ investment
Accounts payable $ 5,448 $ 4,684
Accrued liabilities 1,618 1,545
Income taxes payable 382 319
Current portion of long-term debt and notes payable 866 975
Total current liabilities 8,314 7,523
Long-term debt 10,217 10,186
Deferred income taxes and other 1,796 1,451
Shareholders’ investment
Common stock*76 76
Additional paid-in-capital 1,341 1,256
Retained earnings 9,645 8,107
Accumulated other comprehensive income 34
Total shareholders’ investment 11,065 9,443
Total liabilities and shareholders’ investment $31,392 $28,603
*Common Stock Authorized 6,000,000,000 shares, $.0833 par value; 911,808,051 shares issued and outstanding at January 31, 2004; 909,801,560 shares
issued and outstanding at February 1, 2003.
*Preferred Stock Authorized 5,000,000 shares, $.01 par value; no shares were issued or outstanding at January 31, 2004 or February 1, 2003.
See Notes to Consolidated Financial Statements throughout pages 30-39.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION