What Is The Income Statement Of Target Corporation In 2012

Below is the income statement for Target Corporation in 2016 (in millions).

Target 2016 Revenue 69,495
Cost of Goods Sold 48,872
Gross Profit 20,623
Gross Profit Margin 29.68%
SG&A Expense 13,356
Depreciation & Amortization 2,298
Operating Income 4,969
Operating Margin 7.15%
Non-operating Income --
Non-operating Expenses --
Income Before Taxes 3,965
Income Taxes 1,296
Net Income After Taxes 2,669 Continuing Operations 2,669
Discontinued Operations 68
Total Operations 2,737
Total Net Income 2,737
Net Profit Margin 3.94% Diluted EPS from Continuing Operations 4.58
Diluted EPS from Total Operations 4.7
Diluted EPS from Total Net Income 4.7
Dividends Per Share 2.32

The $5 million would be additional issued stock that is used to raise capital for major expansions of the company. This does not directly affect the income statement until the projects are at 100% completion, or when it starts to generate income. The money would also include additional stock options that do not affect the income statement.

Statement of Retained Earnings (in millions) Beginning Retained Earnings 2016 $5,884
Plus: Net Income $2,737 $8,621
Less: Dividends $(1,364)
Ending Retained Earnings 2016 $7,257

The $5 million would be issued and sold in stock, so this would increase the dividends in the statement of retained earnings. It would also affect the stock options in statement of shareholder’s investments, in which the retained earnings is part of.
Below is the project balance sheet for Target Corporation in 2016 (in millions).

Target 2016
Assets
Current Assets
Cash 2,512
Net Receivables 749
Inventories 8,309
Other Current Assets 144
Total Current Assets