10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Jan 30, 2021 10-K (Filed: Mar 31, 2021) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
| Net sales | $ 32,136,962 | 41,716,977 | 38,972,934 |
| Cost of sales, including buying and occupancy costs | 24,533,815 | 29,845,780 | 27,831,177 |
| Selling, general and administrative expenses | 7,020,917 | 7,454,988 | 6,923,564 |
| Loss on early extinguishment of debt | 312,233 | 0 | 0 |
| Interest expense, net | 180,734 | 10,026 | 8,860 |
| Pension settlement charge | 0 | 0 | 36,122 |
| Income before income taxes | 89,263 | 4,406,183 | 4,173,211 |
| Benefit (provision) for income taxes | 1,207 | (1,133,990) | (1,113,413) |
| Net income | 90,470 | 3,272,193 | 3,059,798 |
| Basic earnings per share (in dollars per share) | 0.08 | 2.71 | 2.47 |
| Weighted average common shares - basic (in shares) | 1,199,927 | 1,208,163 | 1,241,153 |
| Diluted earnings per share (in dollars per share) | 0.07 | 2.67 | 2.43 |
| Weighted average common shares - diluted (in shares) | 1,214,703 | 1,226,519 | 1,259,252 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 30, 2021 10-K (Filed: Mar 31, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
| Net income | $ 90,470 | 3,272,193 | 3,059,798 |
| Additions to other comprehensive income (loss): | |||
| Foreign currency translation adjustments, net of related tax provision of $2,442 in fiscal 2021 and tax benefits of $1,189 and $8,233 in fiscal 2020 and 2019, respectively | 15,588 | (3,943) | (192,664) |
| Gain on net investment hedges, net of related tax provision of $7,113 in fiscal 2019 | 0 | 0 | 19,538 |
| Recognition of net gains/losses on benefit obligations, net of related tax provision of $9,974 in fiscal 2021 and tax benefits of $20,489 and $19,813 in fiscal 2020 and 2019, respectively | 30,635 | (56,275) | (54,420) |
| Reclassifications from other comprehensive loss to net income: | |||
| Pension settlement charge, net of related tax provision of $9,641 in fiscal 2019 | 0 | 0 | 26,481 |
| Amortization of loss on cash flow hedge, net of related tax provisions of $303, $303, and $304 in fiscal 2021, 2020 and 2019, respectively | 831 | 831 | 847 |
| Amortization of prior service cost and deferred gains/losses, net of related tax provisions of $7,298, $6,019, and $4,280, in fiscal 2021, 2020 and 2019, respectively | 20,046 | 16,537 | 11,756 |
| Other comprehensive income (loss), net of tax | 67,100 | (42,850) | (188,462) |
| Total comprehensive income | 157,570 | 3,229,343 | 2,871,336 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 30, 2021 10-K (Filed: Mar 31, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 90,470 | 3,272,193 | 3,059,798 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 870,758 | 867,303 | 819,655 |
| Loss on early extinguishment of debt | 312,233 | 0 | 0 |
| Loss on property disposals and impairment charges | 83,794 | 16,054 | 17,653 |
| Deferred income tax (benefit) | (230,690) | (6,233) | (88,594) |
| Share-based compensation | 58,519 | 124,957 | 103,557 |
| Pension settlement charge | 0 | 0 | 36,122 |
| Changes in assets and liabilities: | |||
| (Increase) in accounts receivable | (71,091) | (42,998) | (23,532) |
| Decrease (increase) in merchandise inventories | 588,756 | (296,541) | (465,429) |
| Decrease (increase) in income taxes recoverable | 10,707 | (34,177) | 15,452 |
| (Increase) decrease in prepaid expenses and other current assets | (57,450) | (17,084) | 220,890 |
| Increase in accounts payable | 2,111,189 | 29,338 | 198,212 |
| Increase in accrued expenses and other liabilities | 584,502 | 345,745 | 169,418 |
| Increase (decrease) in income taxes payable | 52,791 | (128,342) | 40,965 |
| Increase in net operating lease liabilities | 200,243 | 29,617 | 0 |
| Other, net | (42,842) | (93,292) | (15,708) |
| Net cash provided by operating activities | 4,561,889 | 4,066,540 | 4,088,459 |
| Cash flows from investing activities: | |||
| Property additions | (568,021) | (1,223,116) | (1,125,139) |
| Investment in Familia | 0 | (230,156) | 0 |
| Purchases of investments | (29,100) | (28,838) | (161,625) |
| Sales and maturities of investments | 18,524 | 12,720 | 636,560 |
| Other | 0 | 7,419 | 26,652 |
| Net cash (used in) investing activities | (578,597) | (1,461,971) | (623,552) |
| Cash flows from financing activities: | |||
| Payments on revolving credit facilities | (1,000,000) | 0 | 0 |
| Proceeds from long-term debt including revolving credit facilities | 5,986,873 | 0 | 0 |
| Payments of long-term debt and extinguishment expenses | (1,418,358) | 0 | 0 |
| Payments for debt issuance expenses | (42,377) | 0 | 0 |
| Payments for repurchase of common stock | (201,500) | (1,551,992) | (2,406,997) |
| Proceeds from issuance of common stock | 211,189 | 232,106 | 255,241 |
| Payments of employee tax withholdings for performance based stock awards | (29,309) | (23,423) | (16,014) |
| Cash dividends paid | (278,256) | (1,071,562) | (922,596) |
| Other | 0 | 0 | (7,115) |
| Net cash provided by (used in) financing activities | 3,228,262 | (2,414,871) | (3,097,481) |
| Effect of exchange rate changes on cash | 41,264 | (3,175) | (95,674) |
| Net increase in cash and cash equivalents | 7,252,818 | 186,523 | 271,752 |
| Cash and cash equivalents at beginning of year | 3,216,752 | 3,030,229 | |
| Cash and cash equivalents at end of year | 10,469,570 | 3,216,752 | 3,030,229 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TJX COMPANIES INC /DE/ | ||
Ticker: TJX Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 30, 2021 10-K (Filed: Mar 31, 2021) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Jan 30, 2021 | Feb 1, 2020 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 10,469,570 | 3,216,752 |
| Accounts receivable, net | 461,139 | 386,261 |
| Merchandise inventories | 4,337,389 | 4,872,592 |
| Prepaid expenses and other current assets | 434,977 | 368,048 |
| Federal, state and foreign income taxes recoverable | 36,262 | 46,969 |
| Total current assets | 15,739,337 | 8,890,622 |
| Net property at cost | 5,036,096 | 5,325,048 |
| Non-current deferred income taxes, net | 127,191 | 12,132 |
| Operating lease right of use assets | 8,989,998 | 9,060,332 |
| Goodwill | 98,998 | 95,546 |
| Other assets | 821,935 | 761,323 |
| TOTAL ASSETS | 30,813,555 | 24,145,003 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | 4,823,397 | 2,672,557 |
| Accrued expenses and other current liabilities | 3,471,459 | 3,041,774 |
| Current portion of operating lease liabilities | 1,677,605 | 1,411,216 |
| Current portion of long-term debt | 749,684 | 0 |
| Federal, state and foreign income taxes payable | 81,523 | 24,700 |
| Total current liabilities | 10,803,668 | 7,150,247 |
| Other long-term liabilities | 1,063,902 | 851,116 |
| Non-current deferred income taxes, net | 37,164 | 142,170 |
| Long-term operating lease liabilities | 7,743,216 | 7,816,633 |
| Long-term debt | 5,332,921 | 2,236,625 |
| Commitments and contingencies (See Note O) | ||
| 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 1,204,698,124 and 1,199,099,768, respectively | 1,204,698 | 1,199,100 |
| Additional paid-in capital | 260,515 | 0 |
| Accumulated other comprehensive (loss) income | (606,071) | (673,171) |
| Retained earnings | 4,973,542 | 5,422,283 |
| Total shareholders equity | 5,832,684 | 5,948,212 |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 30,813,555 | 24,145,003 |
| External Links | |
| TJX COMPANIES INC /DE/ (TJX) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |