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Target Corp. (TGT) | Income Statement

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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Target Corp., Consolidated Income Statement

USD $ in millions

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  12 months ended Jan 28, 2012 Jan 29, 2011 Jan 30, 2010 Jan 31, 2009 Feb 2, 2008 Feb 3, 2007
chart Sales
chart Credit card revenues
chart Revenues
chart Cost of sales
chart Credit card expenses
chart Gross profit
chart Selling, general and administrative expenses
chart Depreciation and amortization
chart Earnings before interest expense and income taxes
chart Nonrecourse debt collateralized by credit card receivables
chart Other interest expense
chart Interest expense
chart Interest income
chart Net interest expense
chart Earnings before income taxes
chart Provision for income taxes
chart Net earnings
Source: Target Corp., Annual Reports
Item Description The company
Revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Target Corp.'s revenues increased from 2010 to 2011 and from 2011 to 2012.
Earnings before interest expense and income taxes The net result for the period of deducting operating expenses from operating revenues. Target Corp.'s earnings before interest expense and income taxes increased from 2010 to 2011 and from 2011 to 2012.
Earnings before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Target Corp.'s earnings before income taxes increased from 2010 to 2011 but then slightly declined from 2011 to 2012.
Net earnings The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Target Corp.'s net earnings increased from 2010 to 2011 and from 2011 to 2012.

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