Target Corporation Income Statement

In millions of $
2006 Estimate 2005 2004
Sales 52,204 46,839 42,025
Cost of goods sold 35,047 31,445 28,389

Gross profit 17,157 15,394 13,636

Selling, general and administrative expenses 11,741 10,534 9,379

Depreciation and amortization expense 1,410 1,259 1,098
Interest expense 493 570 556
Income before tax 3,513 3,031 2,603
Income tax expense 1,328 1,146 984
Income (loss) from extraordinary items and discontinued operations 0 1,313 190

Net income 2,185 3,198 1,809

Outstanding shares 891 891 912

Extract from the Consolidated Financial Statements of the Nestlé Group 2020
Target Corporation Balance Sheet
In millions of $
2006 Estimate 2005 2004
Cash 1,403 2,245 708
Receivables 5,650 5,069 4,621
Inventories 6,001 5,384 4,531
Other current assets 1,224 1,224 3,092
Total current assets 14,277 13,922 12,952
Property, plant and equipment (PP&E) 25,629 22,272 19,880
Accumulated depreciation 6,822 5,412 4,727
Net property, plant and equipment 18,807 16,860 15,153
Other assets 1,511 1,511 3,311
Total assets 34,595 32,293 31,416
Accounts payable 6,441 5,779 4,956

Extract from the Consolidated Financial Statements of the Nestlé Group 2020