Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Target Corp. (NYSE:TGT)

Common-Size Income Statement

Beginner level

Target Corp., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015
Sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -71.13 -71.61 -71.13 -70.32 -70.47 -70.61
Gross margin 28.87% 28.39% 28.87% 29.68% 29.53% 29.39%
Other revenue 1.27 1.24 0.00 0.00 0.00 0.00
Selling, general and administrative expenses -21.05 -21.12 -19.82 -19.22 -19.88 -20.21
Depreciation and amortization, exclusive of depreciation included in cost of sales -3.06 -2.99 -3.05 -3.31 -3.00 -2.93
Gain on sale 0.00 0.00 0.00 0.00 0.84 0.00
Operating income 6.04% 5.52% 6.00% 7.15% 7.49% 6.25%
Net interest expense -0.62 -0.62 -0.93 -1.44 -0.82 -1.21
Net other income (expense) 0.01 0.04 0.00 0.00 0.00 0.00
Earnings from continuing operations before income taxes 5.43% 4.94% 5.07% 5.71% 6.67% 5.03%
Provision for income taxes -1.19 -1.00 -1.00 -1.86 -2.17 -1.66
Net earnings from continuing operations 4.24% 3.94% 4.07% 3.84% 4.50% 3.37%
Discontinued operations, net of tax 0.02 0.01 0.01 0.10 0.06 -5.63
Net earnings (loss) 4.25% 3.95% 4.08% 3.94% 4.56% -2.25%

Based on: 10-K (filing date: 2020-03-11), 10-K (filing date: 2019-03-13), 10-K (filing date: 2018-03-14), 10-K (filing date: 2017-03-08), 10-K (filing date: 2016-03-11), 10-K (filing date: 2015-03-13).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Target Corp.’s operating income as a percentage of sales decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Earnings from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Target Corp.’s earnings from continuing operations before income taxes as a percentage of sales decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Net earnings (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Target Corp.’s net earnings (loss) as a percentage of sales decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.