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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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