Target 2007 Annual Report Download - page 43

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Consolidated Statements of Financial Position
February 2, February 3,
(millions, except footnotes) 2008 2007
Assets
Cash and cash equivalents $ 2,450 $ 813
Accounts receivable, net 8,054 6,194
Inventory 6,780 6,254
Other current assets 1,622 1,445
Total current assets 18,906 14,706
Property and equipment
Land 5,522 4,934
Buildings and improvements 18,329 16,110
Fixtures and equipment 3,858 3,553
Computer hardware and software 2,421 2,188
Construction-in-progress 1,852 1,596
Accumulated depreciation (7,887) (6,950)
Property and equipment, net 24,095 21,431
Other noncurrent assets 1,559 1,212
Total assets $44,560 $37,349
Liabilities and shareholders’ investment
Accounts payable $ 6,721 $ 6,575
Accrued and other current liabilities 3,097 3,180
Current portion of long-term debt and notes payable 1,964 1,362
Total current liabilities 11,782 11,117
Long-term debt 15,126 8,675
Deferred income taxes 470 577
Other noncurrent liabilities 1,875 1,347
Shareholders’ investment
Common stock 68 72
Additional paid-in-capital 2,656 2,387
Retained earnings 12,761 13,417
Accumulated other comprehensive loss (178) (243)
Total shareholders’ investment 15,307 15,633
Total liabilities and shareholders’ investment $44,560 $37,349
Common Stock Authorized 6,000,000,000 shares, $.0833 par value; 818,737,715 shares issued and outstanding at February 2, 2008;
859,771,157 shares issued and outstanding at February 3, 2007
Preferred Stock Authorized 5,000,000 shares, $.01 par value; no shares were issued or outstanding at February 2, 2008 or February 3,
2007
See accompanying Notes to Consolidated Financial Statements.
25
PART II