TJX FY 2012 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2012 Earnings

Reported March 27, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$23.2B	—	$21.9B	—	5.7%
Op. Income	$2.4B	—	$2.2B	—	11.1%
Gross Margin	27.3%	—	26.9%	—	0.4pp
Net Margin	6.5%	—	6.1%	—	0.3pp
EPS (Diluted)	$0.97	—	$0.83	—	16.9%
Free Cash Flow	$1.1B	—	$1.3B	—	-12.4%

Revenue Flow

Item	Amount
REVENUE	$23.2B
Cost of Revenue	$16.9B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.9B
Other Expenses	$0
Operating Expenses	$3.9B
Cost & Expenses	$20.7B
OPERATING INCOME	$2.4B
Interest Income	$11M
Interest Expense	$47M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$915M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$486M
EBIT	$2.5B
EBITDA	$2.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$23.2B
Cost of Revenue	$16.9B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.9B
Other Expenses	$0
Operating Expenses	$3.9B
Cost & Expenses	$20.7B
OPERATING INCOME	$2.4B
Interest Income	$11M
Interest Expense	$47M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$915M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$486M
EBIT	$2.5B
EBITDA	$2.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$486M
Stock-Based Compensation	$64M
Deferred Income Tax	$145M
Other Non-Cash Items	-$37M
Change in Working Capital	-$238M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$803M
Acquisitions (Net)	$0
Purchases of Investments	-$152M
Sales/Maturities of Investments	$133M
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$811M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$275M
Other Financing Activities	$44M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.1B
Net Change in Cash	-$235M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$95M
Net Receivables	$204M
Inventory	$3.0B
Other Current Assets	$106M
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$2.7B
Goodwill	$180M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$106M
Other Non-Current Assets	$254M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$8.3B
Account Payables	$1.6B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$869M
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$774M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$612M
Other Non-Current Liabilities	$612M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$5.1B
Common Stock	$747M
Additional Paid-In Capital	$0
Retained Earnings	$2.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$193M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$0
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$8.3B
Total Debt	$788M
Net Debt	-$720M