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TGT

TARGET CORPeval run
10-K for period ending 2026-01-31gpt-6-luna@none · prompt v4$0.00085.4sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$104.8BR1 Net sales104,780 millions$104.8B ✓
Operating income$5.1BR5 Operating income5,117 millions$5.1B ✓
Net income attributable to the company$3.7BR10 Net earnings3,705 millions$3.7B ✓
Diluted EPS$8.13R12 Diluted earnings per share8.13$8.13 ✓
Cash and cash equivalents$5.5BR2 Cash and cash equivalents5,488 millions$5.5B ✓
Total assets$59.5BR9 Total assets59,490 millions$59.5B ✓
Total liabilities-not printed on this statement--
Total shareholders' equity attributable to the company$16.2BR25 Total shareholders' investment16,165 millions$16.2B ✓
Net cash from operating activities$6.6BR13 Cash provided by operating activities6,562 millions$6.6B ✓
Net cash from investing activities-$3.6BR17 Cash used in investing activities(3,649) millions-$3.6B ✓
Net cash from financing activities-$2.2BR24 Cash used in financing activities(2,187) millions-$2.2B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

All 5 checkable claims in management's discussion match the statements.

  • matchesTotal revenue: "Net sales" changed by -1786000000
    “Net Sales were $104.8 billion, a decrease of $1.8 billion, or 1.7 percent, from the prior year.”
  • matchesTotal revenue: "Net sales" changed -1.68%
    “Net Sales were $104.8 billion, a decrease of $1.8 billion, or 1.7 percent, from the prior year.”
  • matchesCash and cash equivalents: "Cash and cash equivalents" changed by 726000000
    “Our year-end cash and cash equivalents balance increased to $5.5 billion from $4.8 billion in 2024.”
  • matchesNet cash from operating activities: "Cash provided by operating activities" is 6562000000 (prior year 7367000000)
    “Cash flows provided by operating activities were $6.6 billion in 2025 compared with $7.4 billion in 2024.”
  • matchesNet cash from operating activities: "Cash provided by operating activities" decreased
    “The operating cash flow decrease reflects lower net earnings, as well as the net impact of lower accounts payable leverage and inventory purchases in the current year.”

trace

  1. 0locator (code)0.12s
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    {
  "income": {
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    "heading": "FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Operations",
    "tableIndex": 119,
    "runnerUpScore": 24.5
  },
  "balance": {
    "rows": 27,
    "scale": 1000000,
    "score": 40.75,
    "heading": "FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Financial Position",
    "tableIndex": 125,
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  },
  "cashflow": {
    "rows": 32,
    "scale": 1000000,
    "score": 51.5,
    "heading": "FINANCIAL STATEMENTS Table of Contents Index to Financial Statements Consolidated Statements of Cash Flows",
    "tableIndex": 128,
    "runnerUpScore": 8.75
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  2. 1cash flow agent1.61s · 1276 tokens · $0.0002
    {
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    {
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    {
      "note": "This is the operating-activities section total, including changes in operating accounts.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 6562000000,
      "printed": "6,562",
      "rowIndex": 13,
      "rowLabel": "Cash provided by operating activities",
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      "agentPrinted": "6,562",
      "failedChecks": [],
      "priorPrinted": "7,367",
      "groundingMismatch": false
    },
    {
      "note": "This is the investing-activities section total.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -3649000000,
      "printed": "(3,649)",
      "rowIndex": 17,
      "rowLabel": "Cash used in investing activities",
      "priorValue": -2860000000,
      "agentPrinted": "(3,649)",
      "failedChecks": [],
      "priorPrinted": "(2,860)",
      "groundingMismatch": false
    },
    {
      "note": "This is the financing-activities section total.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": -2187000000,
      "printed": "(2,187)",
      "rowIndex": 24,
      "rowLabel": "Cash used in financing activities",
      "priorValue": -3550000000,
      "agentPrinted": "(2,187)",
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      "priorPrinted": "(3,550)",
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  3. 2income statement agent1.88s · 1344 tokens · $0.0002
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    {
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    {
      "note": "Net sales is the company-wide revenue total.",
      "field": "revenue",
      "scale": 1000000,
      "value": 104780000000,
      "printed": "104,780",
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      "rowLabel": "Net sales",
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      "failedChecks": [],
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    },
    {
      "note": "Operating income is printed directly on this row.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": 5117000000,
      "printed": "5,117",
      "rowIndex": 5,
      "rowLabel": "Operating income",
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    {
      "note": "Net earnings is the sole net income line, with no separate noncontrolling-interest attribution.",
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      "value": 3705000000,
      "printed": "3,705",
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    {
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      "printed": "8.13",
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      "rowLabel": "Diluted earnings per share",
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  4. 3balance sheet agent2.14s · 1205 tokens · $0.0002
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    {
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    {
      "note": "This is the balance sheet's cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 5488000000,
      "printed": "5,488",
      "rowIndex": 2,
      "rowLabel": "Cash and cash equivalents",
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      "groundingMismatch": false
    },
    {
      "note": "This row prints total assets.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 59490000000,
      "printed": "59,490",
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      "priorPrinted": "57,769",
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      "note": "The statement prints current and noncurrent liability subtotals but no total liabilities line.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": null,
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    {
      "note": "This is the statement's sole shareholders' investment total.",
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  5. 4reconciler (code)0.00s
    null
    [
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    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
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    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": true,
    "statement": "balance"
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  {
    "name": "netIncome_before_preferred",
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      "netIncome"
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    "passed": true,
    "skipped": false,
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  {
    "name": "epsDiluted_total",
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    "passed": true,
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    "statement": "income"
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  {
    "name": "netIncome_attribution",
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  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": true,
    "skipped": false,
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]
  6. 5MD&A claims agent2.76s · 1386 tokens · $0.0003
    null
    [
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "Net Sales were $104.8 billion, a decrease of $1.8 billion, or 1.7 percent, from the prior year.",
    "scope": "consolidated",
    "actual": -1786000000,
    "reason": "Total revenue: \"Net sales\" changed by -1786000000",
    "claimed": -1800000000,
    "verdict": "consistent",
    "asWritten": "$1.8 billion",
    "tolerance": 50000000,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Net Sales were $104.8 billion, a decrease of $1.8 billion, or 1.7 percent, from the prior year.",
    "scope": "consolidated",
    "actual": -1.675956684120639,
    "reason": "Total revenue: \"Net sales\" changed -1.68%",
    "claimed": -1.7,
    "verdict": "consistent",
    "asWritten": "1.7 percent",
    "tolerance": 0.05,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "cash",
    "quote": "Our year-end cash and cash equivalents balance increased to $5.5 billion from $4.8 billion in 2024.",
    "scope": "consolidated",
    "actual": 726000000,
    "reason": "Cash and cash equivalents: \"Cash and cash equivalents\" changed by 726000000",
    "claimed": 5500000000,
    "verdict": "consistent",
    "asWritten": "$5.5 billion from $4.8 billion",
    "tolerance": 50000000,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "operatingCashFlow",
    "quote": "Cash flows provided by operating activities were $6.6 billion in 2025 compared with $7.4 billion in 2024.",
    "scope": "consolidated",
    "actual": 6562000000,
    "reason": "Net cash from operating activities: \"Cash provided by operating activities\" is 6562000000 (prior year 7367000000)",
    "claimed": 6600000000,
    "verdict": "consistent",
    "asWritten": "$6.6 billion",
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    "quoteVerified": true
  },
  {
    "kind": "direction",
    "field": "operatingCashFlow",
    "quote": "The operating cash flow decrease reflects lower net earnings, as well as the net impact of lower accounts payable leverage and inventory purchases in the current year.",
    "scope": "consolidated",
    "actual": -805000000,
    "reason": "Net cash from operating activities: \"Cash provided by operating activities\" decreased",
    "claimed": null,
    "verdict": "consistent",
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]

Income statement

table #119 · current period is figure column 1
0(millions, except per share data)202520242023
1Net sales← Total revenue104,780106,566107,412
2Cost of sales75,51176,50277,828
3Selling, general, and administrative expenses21,53521,96921,462
4Depreciation and amortization (exclusive of depreciation included in cost of sales)2,6172,5292,415
5Operating income← Operating income5,1175,5665,707
6Net interest expense445411502
7Net other income(95)(106)(92)
8Earnings before income taxes4,7675,2615,297
9Provision for income taxes1,0621,1701,159
10Net earnings← Net income attributable to the company3,7054,0914,138
11Basic earnings per share8.168.898.96
12Diluted earnings per share← Diluted EPS8.138.868.94
13Weighted average common shares outstanding
14Basic454.1460.4461.5
15Diluted455.6461.8462.8
16Antidilutive shares2.10.52.1

Balance sheet

table #125 · current period is figure column 1
0(millions, except footnotes)January 31, 2026February 1, 2025
1Assets
2Cash and cash equivalents← Cash and cash equivalents5,4884,762
3Inventory12,30412,740
4Other current assets2,2131,952
5Total current assets20,00519,454
6Property and equipment, net33,74933,022
7Operating lease assets3,7033,763
8Other noncurrent assets2,0331,530
9Total assets← Total assets59,49057,769
10Liabilities and shareholders' investment
11Accounts payable12,62213,053
12Accrued and other current liabilities6,4786,110
13Current portion of long-term debt and other borrowings2,1301,636
14Total current liabilities21,23020,799
15Long-term debt and other borrowings14,32614,304
16Noncurrent operating lease liabilities3,4623,582
17Deferred income taxes2,2652,303
18Other noncurrent liabilities2,0422,115
19Total noncurrent liabilities22,09522,304
20Shareholders' investment
21Common stock3838
22Additional paid-in capital7,2476,996
23Retained earnings9,2978,090
24Accumulated other comprehensive loss(417)(458)
25Total shareholders' investment← Total shareholders' equity attributable to the company16,16514,666
26Total liabilities and shareholders' investment59,49057,769

Cash flow statement

table #128 · current period is figure column 1
0(millions)202520242023
1Operating activities
2Net earnings3,7054,0914,138
3Adjustments to reconcile net earnings to cash provided by operations:
4Depreciation and amortization3,1342,9812,801
5Share-based compensation expense281304251
6Deferred income taxes(55)(180)298
7Noncash (gains) / losses and other, net(100)2694
8Changes in operating accounts:
9Inventory436(854)1,613
10Other assets(494)(308)(85)
11Accounts payable(501)1,008(1,216)
12Accrued and other liabilities156299727
13Cash provided by operating activities← Net cash from operating activities6,5627,3678,621
14Investing activities
15Expenditures for property and equipment(3,727)(2,891)(4,806)
16Other783146
17Cash used in investing activities← Net cash from investing activities(3,649)(2,860)(4,760)
18Financing activities
19Additions to long-term debt1,984741-
20Reductions of long-term debt(1,643)(1,139)(147)
21Dividends paid(2,053)(2,046)(2,011)
22Repurchase of stock(408)(1,007)-
23Shares withheld for taxes on share-based compensation(67)(99)(127)
24Cash used in financing activities← Net cash from financing activities(2,187)(3,550)(2,285)
25Net increase in cash and cash equivalents7269571,576
26Cash and cash equivalents at beginning of period4,7623,8052,229
27Cash and cash equivalents at end of period5,4884,7623,805
28Supplemental information
29Interest paid, net of capitalized interest629615605
30Leased assets obtained in exchange for new finance lease liabilities104319104
31Leased assets obtained in exchange for new operating lease liabilities3817581,027