Stock Analysis on Net
Stock Analysis on Net

Target Corp. (NYSE:TGT)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Target Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Accounts payable 9,625  9,920  11,258  9,152  8,360  9,761  11,959  9,116  8,131  8,677  9,986  7,584  6,537  7,252  8,250  6,811  6,391  7,418  8,904  6,944  6,799  7,759  8,839  6,986  6,519 
Accrued and other current liabilities 4,619  4,406  4,191  4,059  3,823  4,201  4,096  3,878  3,630  4,254  4,036  3,791  4,138  3,738  3,663  3,545  4,001  4,389  4,129  3,828  3,737  3,886  4,203  4,056  4,055 
Current portion of long-term debt and other borrowings 168  161  1,159  1,153  1,056  1,052  1,535  1,044  283  270  1,354  1,354  1,717  1,718  729  647  1,627  815  825  841  112  91  483  294  1,466 
Current liabilities 14,412  14,487  16,608  14,364  13,239  15,014  17,590  14,038  12,044  13,201  15,376  12,729  12,392  12,708  12,642  11,003  12,019  12,622  13,858  11,613  10,648  11,736  13,525  11,336  12,040 
Long-term debt and other borrowings, excluding current portion 14,073  11,338  10,513  10,365  11,357  10,223  10,104  10,108  11,107  11,317  11,277  10,892  11,086  11,031  12,097  12,063  12,596  11,945  11,951  11,883  12,654  12,705  12,623  12,625  11,391 
Noncurrent operating lease liabilities 2,249  2,275  2,208  2,111  2,064  2,004  2,046  2,028  2,007  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred income taxes 1,122  1,122  1,215  1,082  1,034  972  970  828  744  713  944  784  869  861  920  754  841  823  1,316  1,319  1,359  1,321  1,195  1,233  1,300 
Other noncurrent liabilities 1,781  1,724  1,652  1,808  1,808  1,780  1,782  1,827  1,869  2,059  1,974  1,863  1,850  1,878  1,875  1,891  1,907  1,915  1,315  1,629  1,611  1,645  2,745  2,828  2,825 
Noncurrent liabilities 19,225  16,459  15,588  15,366  16,263  14,979  14,902  14,791  15,727  14,089  14,195  13,539  13,805  13,770  14,892  14,708  15,344  14,683  14,582  14,831  15,624  15,671  16,563  16,686  15,516 
Total liabilities 33,637  30,946  32,196  29,730  29,502  29,993  32,492  28,829  27,771  27,290  29,571  26,268  26,197  26,478  27,534  25,711  27,363  27,305  28,440  26,444  26,272  27,407  30,088  28,022  27,556 
Common stock 42  42  42  43  43  43  43  44  44  45  45  46  46  46  47  48  49  50  52  53  53  53  53  53  53 
Additional paid-in-capital 6,206  6,226  6,006  6,114  5,908  6,042  5,867  5,788  5,664  5,858  5,762  5,707  5,674  5,661  5,598  5,562  5,520  5,348  5,314  5,271  5,170  4,899  4,612  4,561  4,512 
Retained earnings 5,775  6,433  6,270  6,461  5,958  6,017  5,884  6,058  6,187  6,553  5,940  5,961  5,927  5,884  6,031  6,579  7,593  8,188  8,359  9,099  9,441  9,644  12,631  12,611  12,743 
Accumulated other comprehensive loss (854) (868) (773) (782) (792) (805) (714) (723) (737) (747) (610) (616) (626) (638) (607) (612) (617) (629) (469) (481) (490) (599) (923) (792) (822)
Shareholders’ investment 11,169  11,833  11,545  11,836  11,117  11,297  11,080  11,167  11,158  11,709  11,137  11,098  11,021  10,953  11,069  11,577  12,545  12,957  13,256  13,942  14,174  13,997  16,373  16,433  16,486 
Total liabilities and shareholders’ investment 44,806  42,779  43,741  41,566  40,619  41,290  43,572  39,996  38,929  38,999  40,708  37,366  37,218  37,431  38,603  37,288  39,908  40,262  41,696  40,386  40,446  41,404  46,461  44,455  44,042 

Based on: 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28), 10-K (filing date: 2015-03-13), 10-Q (filing date: 2014-11-26), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-29).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Target Corp.’s current liabilities decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Target Corp.’s noncurrent liabilities increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Target Corp.’s total liabilities decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
Shareholders’ investment Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Target Corp.’s shareholders’ investment increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.