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Target Corp  (NYSE:TGT) Net Income: $2,937 Mil (TTM As of Jan. 2019)

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Target Corp's net income for the three months ended in Jan. 2019 was $798 Mil. Its net income for the trailing twelve months (TTM) ended in Jan. 2019 was $2,937 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Target Corp's Earnings per Share (Diluted) for the three months ended in Jan. 2019 was $1.52.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Target Corp Annual Data

Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,636.00 3,363.00 2,734.00 2,914.00 2,937.00

Target Corp Quarterly Data

Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,087.00 718.00 799.00 622.00 798.00

Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Target Corp's Net Income for the fiscal year that ended in Jan. 2019 is calculated as

Net Income(A: Jan. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=3676+-746+7+0
=2,937

Target Corp's Net Income for the quarter that ended in Jan. 2019 is calculated as

Net Income(Q: Jan. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1014+-216+0+0
=798

Net Income for the trailing twelve months (TTM) ended in Jan. 2019 was 718 (Apr. 2018 ) + 799 (Jul. 2018 ) + 622 (Oct. 2018 ) + 798 (Jan. 2019 ) = $2,937 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Target Corp's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2019 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Related Terms


Headlines

From the Internet

TGT
Rally or Selloff?: Cramer's 'Mad Money' Recap

- theStreet 2019-05-17 19:22:00

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