10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Jan 28, 2023 10-K (Filed: Mar 29, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | |
| Net sales | $ 49,936 | 48,550 | 32,137 |
| Cost of sales, including buying and occupancy costs | 36,149 | 34,714 | 24,534 |
| Selling, general and administrative expenses | 8,927 | 9,081 | 7,021 |
| Impairment on equity investment | 218 | 0 | 0 |
| Loss on early extinguishment of debt | 0 | 242 | 312 |
| Interest expense, net | 6 | 115 | 181 |
| Income before income taxes | 4,636 | 4,398 | 89 |
| Provision (benefit) for income taxes | 1,138 | 1,115 | (1) |
| Net income | 3,498 | 3,283 | 90 |
| Basic earnings per share (in dollars per share) | 3.00 | 2.74 | 0.08 |
| Weighted average common shares - basic (in shares) | 1,166 | 1,200 | 1,200 |
| Diluted earnings per share (in dollars per share) | 2.97 | 2.70 | 0.07 |
| Weighted average common shares - diluted (in shares) | 1,178 | 1,216 | 1,215 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 28, 2023 10-K (Filed: Mar 29, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | |
| Net income | $ 3,498 | 3,283 | 90 |
| Additions to other comprehensive income (loss): | |||
| Foreign currency translation adjustments, net of related tax benefit of $7 and tax provisions of $0 and $2 in fiscal 2023, 2022 and 2021, respectively | (56) | (45) | 14 |
| Recognition of net gains/losses on benefit obligations, net of related tax provision of $41 in fiscal 2023, tax benefit of $18 in fiscal 2022 and tax provision of $10 in fiscal 2021 | 121 | (48) | 31 |
| Reclassifications from other comprehensive (loss) to net income: | |||
| Amortization of loss on cash flow hedge, net of related tax provisions of $1 and $0 in fiscal 2022 and 2021, respectively | 0 | 0 | 1 |
| Amortization of prior service cost and deferred gains/losses, net of related tax provisions of $6, $5 and $7 in fiscal 2023, 2022 and 2021, respectively | 16 | 13 | 20 |
| Other comprehensive income (loss), net of tax | 81 | (80) | 66 |
| Total comprehensive income | 3,579 | 3,203 | 156 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 28, 2023 10-K (Filed: Mar 29, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,498 | 3,283 | 90 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 887 | 868 | 871 |
| Impairment on equity investment | 218 | 0 | 0 |
| Loss on early extinguishment of debt | 0 | 242 | 312 |
| Loss on property disposals and impairment charges | 23 | 9 | 84 |
| Deferred income tax provision (benefit) | 64 | (44) | (231) |
| Share-based compensation | 122 | 189 | 59 |
| Changes in assets and liabilities: | |||
| (Increase) in accounts receivable | (51) | (61) | (71) |
| Decrease (increase) in merchandise inventories | 58 | (1,658) | 589 |
| (Increase) decrease in income taxes recoverable | (5) | (78) | 11 |
| (Increase) decrease in prepaid expenses and other current assets | (73) | 33 | (57) |
| (Decrease) increase in accounts payable | (600) | (338) | 2,111 |
| (Decrease) increase in accrued expenses and other liabilities | (23) | 659 | 585 |
| (Decrease) increase in income taxes payable | (126) | 100 | 53 |
| (Decrease) increase in net operating lease liabilities | (1) | (129) | 200 |
| Other, net | 93 | (18) | (44) |
| Net cash provided by operating activities | 4,084 | 3,057 | 4,562 |
| Cash flows from investing activities: | |||
| Property additions | (1,457) | (1,045) | (568) |
| Purchases of investments | (31) | (22) | (29) |
| Sales and maturities of investments | 18 | 21 | 18 |
| Net cash (used in) investing activities | (1,470) | (1,046) | (579) |
| Cash flows from financing activities: | |||
| Payments for repurchase of common stock | (2,255) | (2,176) | (202) |
| Proceeds from issuance of common stock | 321 | 229 | 211 |
| Cash dividends paid | (1,339) | (1,252) | (278) |
| Payments on revolving credit facilities | 0 | 0 | (1,000) |
| Proceeds from long-term debt including revolving credit facilities | 0 | 0 | 5,987 |
| Payments of long-term debt and extinguishment expenses | 0 | (2,976) | (1,418) |
| Other | (33) | (25) | (72) |
| Net cash (used in) provided by financing activities | (3,306) | (6,200) | 3,228 |
| Effect of exchange rate changes on cash | (58) | (54) | 42 |
| Net (decrease) increase in cash and cash equivalents | (750) | (4,243) | 7,253 |
| Cash and cash equivalents at beginning of year | 6,227 | 10,470 | |
| Cash and cash equivalents at end of year | 5,477 | 6,227 | 10,470 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TJX COMPANIES INC /DE/ | ||
Ticker: TJX Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 28, 2023 10-K (Filed: Mar 29, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 28, 2023 | Jan 29, 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,477 | 6,227 |
| Accounts receivable, net | 563 | 518 |
| Merchandise inventories | 5,819 | 5,962 |
| Prepaid expenses and other current assets | 478 | 437 |
| Federal, state and foreign income taxes recoverable | 119 | 115 |
| Total current assets | 12,456 | 13,259 |
| Net property at cost | 5,783 | 5,271 |
| Non-current deferred income taxes, net | 158 | 185 |
| Operating lease right of use assets | 9,086 | 8,854 |
| Goodwill | 97 | 97 |
| Other assets | 769 | 795 |
| Total assets | 28,349 | 28,461 |
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable | 3,794 | 4,465 |
| Accrued expenses and other current liabilities | 4,346 | 4,245 |
| Current portion of operating lease liabilities | 1,610 | 1,577 |
| Current portion of long-term debt | 500 | 0 |
| Federal, state and foreign income taxes payable | 55 | 181 |
| Total current liabilities | 10,305 | 10,468 |
| Other long-term liabilities | 919 | 1,015 |
| Non-current deferred income taxes, net | 127 | 44 |
| Long-term operating lease liabilities | 7,775 | 7,576 |
| Long-term debt | 2,859 | 3,355 |
| Commitments and contingencies (See Note N) | ||
| Shareholders equity | ||
| Preferred stock, authorized 5,000,000 shares, par value $1, no shares issued | 0 | 0 |
| Common stock, authorized 1,800,000,000 shares, par value $1, issued and outstanding 1,155,437,908 and 1,181,188,731 shares, respectively | 1,155 | 1,181 |
| Additional paid-in capital | 0 | 0 |
| Accumulated other comprehensive (loss) income | (606) | (687) |
| Retained earnings | 5,815 | 5,509 |
| Total shareholders equity | 6,364 | 6,003 |
| Total liabilities and shareholders equity | 28,349 | 28,461 |
| External Links | |
| TJX COMPANIES INC /DE/ (TJX) Fiscal Year 2022 | |