Target 2006 Annual Report Download - page 43

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Consolidated Statements of Financial Position
February 3, January 28,
(millions, except footnotes) 2007 2006
Assets
Cash and cash equivalents $ 813 $ 1,648
Accounts receivable, net 6,194 5,666
Inventory 6,254 5,838
Other current assets 1,445 1,253
Total current assets 14,706 14,405
Property and equipment
Land 4,934 4,449
Buildings and improvements 16,110 14,174
Fixtures and equipment 3,553 3,219
Computer hardware and software 2,188 2,214
Construction-in-progress 1,596 1,158
Accumulated depreciation (6,950) (6,176)
Property and equipment, net 21,431 19,038
Other non-current assets 1,212 1,552
Total assets $37,349 $34,995
Liabilities and shareholders’ investment
Accounts payable $ 6,575 $ 6,268
Accrued and other current liabilities 2,758 2,193
Income taxes payable 422 374
Current portion of long-term debt and notes payable 1,362 753
Total current liabilities 11,117 9,588
Long-term debt 8,675 9,119
Deferred income taxes 577 851
Other non-current liabilities 1,347 1,232
Shareholders’ investment
Common stock 72 73
Additional paid-in-capital 2,387 2,121
Retained earnings 13,417 12,013
Accumulated other comprehensive loss (243) (2)
Total shareholders’ investment 15,633 14,205
Total liabilities and shareholders’ investment $37,349 $34,995
Common Stock Authorized 6,000,000,000 shares, $.0833 par value; 859,771,157 shares issued and outstanding at February 3, 2007;
874,074,850 shares issued and outstanding at January 28, 2006.
Preferred Stock Authorized 5,000,000 shares, $.01 par value; no shares were issued or outstanding at February 3, 2007 or January 28, 2006.
See accompanying Notes to Consolidated Financial Statements.
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PART II