Acc 620 - Target: Financial Reporting Analysis
Autor: Sharon • November 16, 2018 • 1,059 Words (5 Pages) • 596 Views
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Good will and intangible assets 277
Company –owned life insurance investments 308
Pension asset 66
Interest rate swaps 27
Other 129
Other noncurrent assets 840
Noncurrent assets 26,132
Total Assets 45,262
Liabilities
Accounts Payable 7,418
Wages and Benefits 884
Gift card liability, net of 644
Estimated breakage
Real estate, sales and other taxes 574
Payable
Dividend payable 337
Straight-line rent accrual 262
Worker’ compensation and general liability 146
Interest payable 76
Project costs accrual 73
Other 738
Accrued and other current 4,236
Liabilities
Current portion of long-term debt and other borrowings 815
Liabilities and discontinued operations 152
Current liabilities 12, 622
Long-term debt and other borrowings, 11,945
Excluding current portion
Deferred Income Taxes 823
Noncurrent liabilities of discontinued 18
Operations
Deferred Income Liability 660
Deferred compensation 454
Worker’s Compensation and General liability 353
Income Tax 122
Pension and Post-retirement health care benefits 54
Other 254
Other noncurrent liabilities 1,897
Noncurrent Liabilities 14,683
Total Liabilities 27,305
Common Stock[7] 55
Additional paid-in-capital 6,982
Retained earnings 11,549
Accumulated other comprehensive income [loss] (629)
Shareholder’s Equity 16,323
Total liabilities and shareholders’ equity 45,262
As a result of the five million dollar capital increase from the issuance of common stock utilizing projected figures from the 2015 annual report, demonstrated that the Cash assets will increase by five million. Additionally an increase of five million will increase both Common Stock and the retained earnings with the assumption of the declared dividends remaining the same.
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Target Corp.
Projected Cash Flow Statement[8]
Fiscal Year Ended January 31, 2016
Operating Activities
Net earnings/(loss) 3,321
Earnings/(losses) from discontinued operations, net of tax 42
Net earnings from continued operations 3,321
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation and amortization 2,213
Share-based compensation expense 115
Deferred income taxes (322)
Gain on sale (620)
Loss on debt extinguishment -
Noncash (gains)/losses and other, net (12)
Changes in operating accounts:
Accounts receivable originated at Target -
Proceeds on sale of accounts receivable originated at Target -
Inventory (316)
Other assets 227
Accounts payable and accrued liabilities 534
Cash provided by operating activities-continuing operations 5,140
Cash provided by/ (required for) operating activities- discontinued operations 704
Cash provided by operations 5,844
Investing Activities
Expenditures for property and equipment (1,438)
Proceeds from disposal of property and equipment 28
Proceeds from sale of businesses 1,875
Change in accounts receivable originated at third parties -
Proceeds from sale of accounts receivable originated at third parties -
Cash paid for acquisitions, net of cash assumed -
Other investments 24
Cash provided by(required investing activities-continuing operations 489
Cash provided by(required for) investing activities- discontinued operations 19
Cash provided by/(required for) investing activities 508
Financing activities
Change in commercial paper, net -
Additions
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