Target Corporation is a well-known retail company that operates a chain of stores offering a wide range of products, including household essentials, apparel, and electronics. Headquartered in Minneapolis, Minnesota, Target was founded in 1902 and has become a staple in American retail, known for its commitment to providing quality products at competitive prices.
The cash flow statement is a crucial financial document that outlines how much cash or cash equivalents a company has generated and used over a specific period. It is divided into three main sections: operating activities, investing activities, and financing activities. This statement provides investors and analysts with insights into how a company manages its cash resources.
The chart above illustrates the cash flow of Target Corporation in 2024. The width of the bars represents the amount of cash flow, with wider bars indicating larger amounts.
We begin on the left with the company's cash position at the start of the year. During the year, Target's cash increased, indicating that the company generated more cash than it used in its activities. The cash flow from operating activities is the largest source of cash, while both investing and financing activities resulted in cash outflows.
The cash flow from investing activities is negative, signifying that the company spent more on new investments than it received from selling assets or investments. The cash flow from financing activities is also negative, reflecting expenditures such as debt repayments, share buybacks, or dividend payments.
After accounting for the changes in cash, we end on the right with the company's cash position at the end of the year.
To provide a sense of the scale of Target Corporation's cash flow, we have created a real-time counter that simulates the company's cash flow for 2024. The counter starts when you scroll to this section and runs at the same speed as the company's reported cash flow.
This is not a live counter of real cash flows as they happen, but a simulation based on the company's reported cash flow for 2024. The counter is designed to give you an understanding of the scale of the company's cash flow and how quickly it moves.
In 2024, Target Corporation generated $8,621 million in cash from operating activities, spent $4,760 million on investing activities, and used $2,285 million for financing activities. Consequently, the company's cash balance increased by $1,576 million during the year.
The company's beginning cash balance was $2,229 million, which typically includes cash and cash equivalents like short-term investments that can be easily converted into cash. The company's ending cash balance was $3,805 million.
The company's capital expenditures for the year were $4,806 million, representing the cash spent on investments in property, plant, and equipment. Subtracting capital expenditures from cash flow from operations gives the company's free cash flow, which was $3,815 million in 2024. This amount represents the cash available for dividends, stock repurchases, or other investments.
| Cash Flow from Operations | 8,621 |
| Cash Flow from Investing | -4,760 |
| Cash Flow from Financing | -2,285 |
| Changes in Cash | 1,576 |
| Beginning Cash Position | 2,229 |
| Ending Cash Position | 3,805 |
| Capital Expenditures | -4,806 |
| Free Cash Flow | 3,815 |
All amounts in USD (Millions)
Target Corporation's cash flow in 2024 highlights a strong operational performance, with significant cash generated from operating activities. Despite substantial investments in property, plant, and equipment, the company maintained a positive free cash flow, indicating robust financial health. The increase in cash balance over the year reflects effective cash management, positioning Target well for future growth and investment opportunities.
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