Target 2005 Annual Report Download - page 27

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25
January 28, January 29,
(millions, except footnotes) 2006 2005
Assets
Cash and cash equivalents $ 1,648 $ 2,245
Accounts receivable, net 5,666 5,069
Inventory 5,838 5,384
Other current assets 1,253 1,224
Total current assets 14,405 13,922
Property and equipment
Land 4,449 3,804
Buildings and improvements 14,174 12,518
Fixtures and equipment 3,219 2,990
Computer hardware and software 2,214 1,998
Construction-in-progress 1,158 962
Accumulated depreciation (6,176) (5,412)
Property and equipment, net 19,038 16,860
Other non-current assets 1,552 1,511
Total assets $34,995 $32,293
Liabilities and shareholders’ investment
Accounts payable $ 6,268 $ 5,779
Accrued liabilities 2,193 1,633
Income taxes payable 374 304
Current portion of long-term debt and notes payable 753 504
Total current liabilities 9,588 8,220
Long-term debt 9,119 9,034
Deferred income taxes 851 973
Other non-current liabilities 1,232 1,037
Shareholders’ investment
Common stock (a) 73 74
Additional paid-in-capital 2,121 1,810
Retained earnings 12,013 11,148
Accumulated other comprehensive income (2) (3)
Total shareholders’ investment 14,205 13,029
Total liabilities and shareholders’ investment $34,995 $32,293
(a) Authorized 6,000,000,000 shares, $.0833 par value; 874,074,850 shares issued and outstanding at January 28, 2006; 890,643,966 shares issued and outstanding at
January 29, 2005.
Preferred Stock Authorized 5,000,000 shares, $.01 par value; no shares were issued or outstanding at January 28, 2006 or January 29, 2005.
See Notes to Consolidated Financial Statements throughout pages 28-39.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION