Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Income Statement
- Cash Flow Statement
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Analysis of Debt
- Aggregate Accruals
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Target Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).
The financial data exhibits several notable trends over the examined periods. Net earnings demonstrate considerable variability, with an initial growth from 3,281 million US dollars in early 2020 to a peak of 6,946 million US dollars in early 2022. This peak was followed by a sharp decline to 2,780 million US dollars in early 2023, after which net earnings moderately recovered and stabilized around 4,100 million US dollars in the subsequent two years.
Pension benefit liabilities have shown fluctuations with shifts between negative and positive values, indicative of varying pension-related obligations or adjustments. Beginning with a liability of -65 million US dollars in early 2020, the figure turned positive and peaked at 152 million US dollars in early 2022, then reverted to negative and low positive values. This might reflect changes in actuarial assumptions, funding status, or demographic factors affecting pension plans.
The currency translation adjustment and cash flow hedges show a trend of increasing positive impacts up to early 2023, when the value reached 247 million US dollars. However, this was followed by significant negative adjustments in the two most recent periods, with values of -18 and -20 million US dollars, potentially illustrating adverse currency movements or the impact of hedging activities.
Other comprehensive income (loss), net of tax, follows a somewhat similar trajectory with improvements from a loss of -63 million US dollars in early 2020 to gains exceeding 200 million US dollars in early 2022. The values then decline, turning negative again in early 2024, but partially recovering in early 2025. This fluctuation reflects the combined effects of pension liabilities and currency translation adjustments on comprehensive income.
Comprehensive income largely mirrors the trends of net earnings and other comprehensive income, increasing steadily to a high of 7,149 million US dollars in early 2022, then declining sharply in early 2023. The last two periods show stabilization in the range of approximately 4,000 million US dollars, indicating a return to more moderate overall performance after a period of elevated results.
- Net Earnings Trend
- Growth to early 2022 peak, followed by a sharp drop and moderate stabilization.
- Pension Benefit Liabilities
- Fluctuations between negative and positive values, suggesting variable pension plan funding or actuarial changes.
- Currency Translation Adjustment and Cash Flow Hedges
- Increasing positive impact until early 2023, then shift to negative adjustments in most recent periods.
- Other Comprehensive Income (net of tax)
- Improvement until early 2022, followed by a decline and partial recovery reflecting pension and currency effects.
- Comprehensive Income
- Strong growth up to early 2022, decline in 2023, and subsequent stabilization at moderate levels.