TJX FY 2014 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2014 Earnings

Reported April 1, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$27.4B	—	$25.9B	—	6.0%
Op. Income	$3.4B	—	$3.1B	—	7.9%
Gross Margin	28.5%	—	28.4%	—	0.1pp
Net Margin	7.8%	—	7.4%	—	0.4pp
EPS (Diluted)	$1.47	—	$1.27	—	15.7%
Free Cash Flow	$1.6B	—	$2.1B	—	-20.5%

Revenue Flow

Item	Amount
REVENUE	$27.4B
Cost of Revenue	$19.6B
GROSS PROFIT	$7.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.5B
Other Expenses	$0
Operating Expenses	$4.5B
Cost & Expenses	$24.1B
OPERATING INCOME	$3.4B
Interest Income	$15M
Interest Expense	$46M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$549M
EBIT	$3.4B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$27.4B
Cost of Revenue	$19.6B
GROSS PROFIT	$7.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.5B
Other Expenses	$0
Operating Expenses	$4.5B
Cost & Expenses	$24.1B
OPERATING INCOME	$3.4B
Interest Income	$15M
Interest Expense	$46M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$549M
EBIT	$3.4B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$549M
Stock-Based Compensation	$76M
Deferred Income Tax	$52M
Other Non-Cash Items	-$97M
Change in Working Capital	-$127M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$947M
Acquisitions (Net)	$3M
Purchases of Investments	-$478M
Sales/Maturities of Investments	$387M
Other Investing Activities	$47.0K
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$500M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$394M
Other Financing Activities	$75M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$1.6B
Net Change in Cash	$338M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$295M
Net Receivables	$210M
Inventory	$3.0B
Other Current Assets	$102M
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$3.6B
Goodwill	$210M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$32M
Other Non-Current Assets	$194M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$10.2B
Account Payables	$1.8B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$496M
Other Non-Current Liabilities	$683M
TOTAL NON-CURRENT LIABILITIES	$2.5B
TOTAL LIABILITIES	$6.0B
Common Stock	$705M
Additional Paid-In Capital	$0
Retained Earnings	$3.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$200M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$0
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$10.2B
Total Debt	$1.3B
Net Debt	-$876M