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What was free cash flow (in millions of dollars) for the year ended January 30, 2021 (denoted as fiscal 2020 in Target's statements)?

What was free cash flow (in millions of dollars) for the year ended January 30, 2021 (denoted as fiscal 2020 in Target's statements)?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What was free cash flow (in millions of dollars) for the year ended January 30, 2021 (denoted as fiscal 2020 in Target's statements)?
Transcribed Image Text:What was free cash flow (in millions of dollars) for the year ended January 30, 2021 (denoted as fiscal 2020 in Target's statements)?
Consolidated Statements of Cash Flows (millions) Operating activities Net earnings Earnings from discontinued operations, net of tax Net earnings from continuing operations Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Share-based compensation expense Deferred income taxes Loss on debt extinguishment Noncash losses / (gains) and other, net Changes in operating accounts: Inventory Other assets Accounts payable Accrued and other liabilities Cash provided by operating activities—continuing operations Cash provided by operating activities—discontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Other investments Cash required for investing activities Financing activities Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises Cash required for financing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental information Interest paid, net of capitalized interest Income taxes paid Leased assets obtained in exchange for new finance lease liabilities Leased assets obtained in exchange for new operating lease liabilities 2020 $ 4,368 $ $ 4,368 2,485 200 (184) 512 86 (1,661) (137) 2,925 1,931 10,525 10,525 (2,649) 42 16 (2,591) 2019 3,281 12 3,269 2,604 147 178 10 29 1,031 428 262 505 18 140 199 7,099 18 7,117 (3,027) 63 20 (2,944) 2,480 1,739 (2,415) (2,069) (1,343) (1,330) (745) (1,565) 23 73 (2,000) (3,152) 5,934 2,577 $ 8,511 $ 2,577 1,021 1,556 939 $ 492 696 379 464 $ 2,937 7 2,930 $ GA 2018 $ 2,474 132 322 95 (900) (299) 1,127 89 5,970 3 5,973 (3,516) 85 15 (3,416) (281) (1,335) (2,124) 96 (3,644) (1,087) 2,643 1,556 476 373 130 246
Transcribed Image Text:Consolidated Statements of Cash Flows (millions) Operating activities Net earnings Earnings from discontinued operations, net of tax Net earnings from continuing operations Adjustments to reconcile net earnings to cash provided by operations: Depreciation and amortization Share-based compensation expense Deferred income taxes Loss on debt extinguishment Noncash losses / (gains) and other, net Changes in operating accounts: Inventory Other assets Accounts payable Accrued and other liabilities Cash provided by operating activities—continuing operations Cash provided by operating activities—discontinued operations Cash provided by operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and equipment Other investments Cash required for investing activities Financing activities Additions to long-term debt Reductions of long-term debt Dividends paid Repurchase of stock Stock option exercises Cash required for financing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental information Interest paid, net of capitalized interest Income taxes paid Leased assets obtained in exchange for new finance lease liabilities Leased assets obtained in exchange for new operating lease liabilities 2020 $ 4,368 $ $ 4,368 2,485 200 (184) 512 86 (1,661) (137) 2,925 1,931 10,525 10,525 (2,649) 42 16 (2,591) 2019 3,281 12 3,269 2,604 147 178 10 29 1,031 428 262 505 18 140 199 7,099 18 7,117 (3,027) 63 20 (2,944) 2,480 1,739 (2,415) (2,069) (1,343) (1,330) (745) (1,565) 23 73 (2,000) (3,152) 5,934 2,577 $ 8,511 $ 2,577 1,021 1,556 939 $ 492 696 379 464 $ 2,937 7 2,930 $ GA 2018 $ 2,474 132 322 95 (900) (299) 1,127 89 5,970 3 5,973 (3,516) 85 15 (3,416) (281) (1,335) (2,124) 96 (3,644) (1,087) 2,643 1,556 476 373 130 246
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