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Kohl's Corporation

Accounting Annual Report Project
by

Shelby Sager

on 19 March 2015

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Transcript of Kohl's Corporation

Company History
Major Competitors
Sales during past 3 years and related percentage increases
Gross margin percentages during the past 3 years
During the past 3 years
Return on sales percentage during past 3 years
Total current assets;
long-term assets and total assets for the past two years
Total current liabilities;
long-term liabilities and total liabilities for the past two years
Total shareholders' equity each year during past 2 years
Stock
Team 3
Current ratios for past two years
Debt to assets and debt to equity ratios for past two years
Major sources and (uses) of cash during past three years
Dividends paid to shareholders during past three years
Discussion of legal proceedings
Independent Registered Public Accounting Firm
Kohl's Corporation was organized in 1962 in Brookfield, Wisconsin by owner Max Kohl.
The company started as a large grocery chain in the Wisconsin area.
Kohl’s became a public company in 1982 and had grown to 26 department stores.
Kohl’s is currently one of the largest discount department stores in the United States.
Kohl’s has grown to 741 stores in operation spread out over 41 states.
The Company operates family-oriented, specialty department stores that feature quality national brand merchandise priced to provide a great value to their customers.
Kohl’s stores sell moderately priced apparel, footwear, accessories and home products that are targeted to middle-income customers.
Convenience is another important cornerstone of Kohl's business model.
The physical store layout coupled with the Company's focus on strong in-stock position in color and size provides convenient shopping experience for an increasingly time starved customer.
Kohl's offers on-line shopping on the Company's website.
The website is designed to provide an easy-to-navigate, on-line shopping environment that complements the Company's in-store focus on convenience
Shelby D. Nelson
Jeremey Brewer
Jessi Cameron
Robbie Moore
Laure Oah
Kim Thai
2006 - $15,597,000
2007 - $16,474,000
2008 - $16,389,000
06-07
07-08
5.6% increase
-0.5% decrease
Revenue - Cost of Goods
Revenue
=
Gross Margin
Net Sales
________________________
______________
2006
2007
2008
36.4%
36.5%
36.9%
Earnings (Net Income)
Earnings Per Share (Basic)
2006
2007
2008
$1,109,000
$1,084,000
$885,000
$3.34
$3.41
$2.89
Net Income
_________

Sales
2006
2007
2008
7.1%
6.6%
5.4%
Total Current Assets
Long-term Assets
TOTAL
2007
2008
$3,724,000
$3,700,000
$6,836,000
$7,634,000
$10,560,000
$11,334,000
Total Liabilities
Current Liabilities
Long-term Liabilities
2007
2008
$6,229,000
$6,410,000
$1,771,000
$1,815,000
$4,458,000
$4,595,000
2007
$6,563,000
2008
$7,448,000
authorized
issued
outstanding
800 million
351 million
351 million
2007
2008
2.10
2.04
Debt to Assets
Debt to Equity
2007
2008
0.59
0.57
1.02
.95
Source: 2006, 2007, 2008
Operating Expenses:

Depreciation and amortization, including debt discount and deferred financing fees
Uses:
Investing activities
2008 - Acquisition of property, equipment, and favorable lease right
2007, 2006 - Purchase of investments in auction rate securities
No dividends have been paid.
We are not currently to any material legal proceedings
BUT
are subject to certain legal proceedings and claims from time to time that are incidental to our ordinary course of business.
Ernst & Young LLP
875 East Wisconsin Avenue
Milwaukee, WI 53202-5405
March 5, 2009
Date of Report:
Kohl's corporation maintained in all materials respects,
an effective internal control over financial reporting as of

January 31, 2009

based on coso criteria.
In their opinion,
Thank You!
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