Target 2007 Annual Report Download - page 42

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Consolidated Statements of Operations
(millions, except per share data) 2007 2006 2005
Sales $61,471 $57,878 $51,271
Credit card revenues 1,896 1,612 1,349
Total revenues 63,367 59,490 52,620
Cost of sales 41,895 39,399 34,927
Selling, general and administrative expenses 13,704 12,819 11,185
Credit card expenses 837 707 776
Depreciation and amortization 1,659 1,496 1,409
Earnings before interest expense and income taxes 5,272 5,069 4,323
Net interest expense 647 572 463
Earnings before income taxes 4,625 4,497 3,860
Provision for income taxes 1,776 1,710 1,452
Net earnings $ 2,849 $ 2,787 $ 2,408
Basic earnings per share $ 3.37 $ 3.23 $ 2.73
Diluted earnings per share $ 3.33 $ 3.21 $ 2.71
Weighted average common shares outstanding
Basic 845.4 861.9 882.0
Diluted 850.8 868.6 889.2
See accompanying Notes to Consolidated Financial Statements.
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