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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Jan 29, 2022 10-K (Filed: Mar 30, 2022) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
| Net sales | $ 48,549,982 | 32,136,962 | 41,716,977 |
| Cost of sales, including buying and occupancy costs | 34,713,812 | 24,533,815 | 29,845,780 |
| Selling, general and administrative expenses | 9,081,238 | 7,020,917 | 7,454,988 |
| Loss on early extinguishment of debt | 242,248 | 312,233 | 0 |
| Interest expense, net | 115,076 | 180,734 | 10,026 |
| Income before income taxes | 4,397,608 | 89,263 | 4,406,183 |
| Provision (benefit) for income taxes | 1,114,793 | (1,207) | 1,133,990 |
| Net income | 3,282,815 | 90,470 | 3,272,193 |
| Basic earnings per share (in dollars per share) | 2.74 | 0.08 | 2.71 |
| Weighted average common shares - basic (in shares) | 1,199,990 | 1,199,927 | 1,208,163 |
| Diluted earnings per share (in dollars per share) | 2.70 | 0.07 | 2.67 |
| Weighted average common shares - diluted (in shares) | 1,215,591 | 1,214,703 | 1,226,519 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 29, 2022 10-K (Filed: Mar 30, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
| Net income | $ 3,282,815 | 90,470 | 3,272,193 |
| Additions to other comprehensive (loss) income: | |||
| Foreign currency translation adjustments, net of related tax provisions of $207 and $2,442 in fiscal 2022 and 2021, respectively and tax benefit of $1,189 in fiscal 2020 | (46,715) | 15,588 | (3,943) |
| Recognition of net gains/losses on benefit obligations, net of related tax benefit of $17,659 in fiscal 2022, tax provision of $9,974 in fiscal 2021 and tax benefit of $20,489 in fiscal 2020 | (48,504) | 30,635 | (56,275) |
| Reclassifications from other comprehensive loss to net income: | |||
| Amortization of loss on cash flow hedge, net of related tax provisions of $603, $303, and $303 in fiscal 2022, 2021 and 2020, respectively | (263) | 831 | 831 |
| Amortization of prior service cost and deferred gains/losses, net of related tax provisions of $4,588, $7,298, and $6,019, in fiscal 2022, 2021 and 2020, respectively | 14,403 | 20,046 | 16,537 |
| Other comprehensive (loss) income, net of tax | (81,079) | 67,100 | (42,850) |
| Total comprehensive income | 3,201,736 | 157,570 | 3,229,343 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
TJX COMPANIES INC /DE/ | |||
Ticker: TJX Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 29, 2022 10-K (Filed: Mar 30, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,282,815 | 90,470 | 3,272,193 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 868,002 | 870,758 | 867,303 |
| Loss on early extinguishment of debt | 242,248 | 312,233 | 0 |
| Loss on property disposals and impairment charges | 8,601 | 83,794 | 16,054 |
| Deferred income tax (benefit) | (44,450) | (230,690) | (6,233) |
| Share-based compensation | 189,048 | 58,519 | 124,957 |
| Changes in assets and liabilities: | |||
| (Increase) in accounts receivable | (61,452) | (71,091) | (42,998) |
| (Increase) decrease in merchandise inventories | (1,657,753) | 588,756 | (296,541) |
| (Increase) decrease in income taxes recoverable | (78,275) | 10,707 | (34,177) |
| Decrease (increase) in prepaid expenses and other current assets | 32,563 | (57,450) | (17,084) |
| (Decrease) increase in accounts payable | (338,091) | 2,111,189 | 29,338 |
| Increase in accrued expenses and other liabilities | 658,817 | 584,502 | 345,745 |
| Increase (decrease) in income taxes payable | 99,682 | 52,791 | (128,342) |
| (Decrease) increase in net operating lease liabilities | (129,062) | 200,243 | 29,617 |
| Other, net | (15,208) | (42,842) | (93,292) |
| Net cash provided by operating activities | 3,057,485 | 4,561,889 | 4,066,540 |
| Cash flows from investing activities: | |||
| Property additions | (1,044,794) | (568,021) | (1,223,116) |
| Investment in Familia | 0 | 0 | (230,156) |
| Purchases of investments | (21,888) | (29,100) | (28,838) |
| Sales and maturities of investments | 20,296 | 18,524 | 12,720 |
| Other | 0 | 0 | 7,419 |
| Net cash (used in) investing activities | (1,046,386) | (578,597) | (1,461,971) |
| Cash flows from financing activities: | |||
| Payments on revolving credit facilities | 0 | (1,000,000) | 0 |
| Proceeds from long-term debt including revolving credit facilities | 0 | 5,986,873 | 0 |
| Payments of long-term debt and extinguishment expenses | (2,975,518) | (1,418,358) | 0 |
| Payments for debt issuance expenses | 0 | (42,377) | 0 |
| Payments for repurchase of common stock | (2,176,298) | (201,500) | (1,551,992) |
| Proceeds from issuance of common stock | 229,439 | 211,189 | 232,106 |
| Payments of employee tax withholdings for performance based stock awards | (25,548) | (29,309) | (23,423) |
| Cash dividends paid | (1,251,833) | (278,256) | (1,071,562) |
| Net cash (used in) provided by financing activities | (6,199,758) | 3,228,262 | (2,414,871) |
| Effect of exchange rate changes on cash | (54,146) | 41,264 | (3,175) |
| Net (decrease) increase in cash and cash equivalents | (4,242,805) | 7,252,818 | 186,523 |
| Cash and cash equivalents at beginning of year | 10,469,570 | 3,216,752 | |
| Cash and cash equivalents at end of year | 6,226,765 | 10,469,570 | 3,216,752 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
TJX COMPANIES INC /DE/ | ||
Ticker: TJX Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 29, 2022 10-K (Filed: Mar 30, 2022) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Jan 29, 2022 | Jan 30, 2021 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,226,765 | 10,469,570 |
| Accounts receivable, net | 517,623 | 461,139 |
| Merchandise inventories | 5,961,573 | 4,337,389 |
| Prepaid expenses and other current assets | 438,099 | 434,977 |
| Federal, state and foreign income taxes recoverable | 114,537 | 36,262 |
| Total current assets | 13,258,597 | 15,739,337 |
| Net property at cost | 5,270,827 | 5,036,096 |
| Non-current deferred income taxes, net | 184,971 | 127,191 |
| Operating lease right of use assets | 8,853,934 | 8,989,998 |
| Goodwill | 96,662 | 98,998 |
| Other assets | 796,467 | 821,935 |
| Total assets | 28,461,458 | 30,813,555 |
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable | 4,465,427 | 4,823,397 |
| Accrued expenses and other current liabilities | 4,244,997 | 3,471,459 |
| Current portion of operating lease liabilities | 1,576,561 | 1,677,605 |
| Current portion of long-term debt | 0 | 749,684 |
| Federal, state and foreign income taxes payable | 181,155 | 81,523 |
| Total current liabilities | 10,468,140 | 10,803,668 |
| Other long-term liabilities | 1,015,720 | 1,063,902 |
| Non-current deferred income taxes, net | 44,175 | 37,164 |
| Long-term operating lease liabilities | 7,575,590 | 7,743,216 |
| Long-term debt | 3,354,841 | 5,332,921 |
| 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 1,181,188,731 and 1,204,698,124 shares, respectively | 1,181,189 | 1,204,698 |
| Additional paid-in capital | 0 | 260,515 |
| Accumulated other comprehensive (loss) income | (687,150) | (606,071) |
| Retained earnings | 5,508,953 | 4,973,542 |
| Total shareholders equity | 6,002,992 | 5,832,684 |
| Total liabilities and shareholders equity | 28,461,458 | 30,813,555 |
| External Links | |
| TJX COMPANIES INC /DE/ (TJX) Fiscal Year 2021 | |
| 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 |