TJX FY 2009 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2009 Earnings

Reported March 31, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$19.0B	—	$18.3B	—	3.6%
Op. Income	$1.5B	—	$1.3B	—	16.4%
Gross Margin	24.1%	—	24.5%	—	-0.5pp
Net Margin	4.6%	—	4.2%	—	0.4pp
EPS (Diluted)	$0.50	—	$0.42	—	19.0%
Free Cash Flow	$572M	—	$834M	—	-31.5%

Revenue Flow

Item	Amount
REVENUE	$19.0B
Cost of Revenue	$14.4B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.1B
Other Expenses	-$31M
Operating Expenses	$3.1B
Cost & Expenses	$17.5B
OPERATING INCOME	$1.5B
Interest Income	$24M
Interest Expense	$38M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$536M
Net Income from Continuing Ops	$915M
Net Income from Discontinued Ops	-$34M
Other Adjustments	$0
NET INCOME	$881M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$881M
D&A	$402M
EBIT	$1.5B
EBITDA	$1.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$19.0B
Cost of Revenue	$14.4B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.1B
Other Expenses	-$31M
Operating Expenses	$3.1B
Cost & Expenses	$17.5B
OPERATING INCOME	$1.5B
Interest Income	$24M
Interest Expense	$38M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$536M
Net Income from Continuing Ops	$915M
Net Income from Discontinued Ops	-$34M
Other Adjustments	$0
NET INCOME	$881M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$881M
D&A	$402M
EBIT	$1.5B
EBITDA	$1.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$881M
Depreciation & Amortization	$453M
Stock-Based Compensation	$51M
Deferred Income Tax	$132M
Other Non-Cash Items	$19M
Change in Working Capital	-$382M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$583M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$14M
Other Investing Activities	-$34.0K
NET CASH FROM INVESTING	-$569M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$751M
Common Dividends Paid	-$177M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$769M
FREE CASH FLOW	$572M
Net Change in Cash	-$279M

Balance Sheet

Item	Amount
Cash & Equivalents	$454M
Short-Term Investments	$0
Net Receivables	$144M
Inventory	$2.6B
Other Current Assets	$136M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$2.2B
Goodwill	$72M
Intangible Assets	$108M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$171M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$6.2B
Account Payables	$1.3B
Short-Term Debt	$393M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$366M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$127M
Other Non-Current Liabilities	$765M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$4.0B
Common Stock	$413M
Additional Paid-In Capital	$0
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$218M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$779M
Net Debt	$325M