TJX FY 2018 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2018 Earnings

Reported April 4, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$35.9B	—	$33.2B	—	8.1%
Op. Income	$4.0B	—	$3.8B	—	3.6%
Gross Margin	28.9%	—	29.0%	—	-0.1pp
Net Margin	7.3%	—	6.9%	—	0.3pp
EPS (Diluted)	$2.02	—	$1.73	—	16.8%
Free Cash Flow	$2.0B	—	$2.6B	—	-23.6%

Revenue Flow

Item	Amount
REVENUE	$35.9B
Cost of Revenue	$25.5B
GROSS PROFIT	$10.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.4B
Other Expenses	$0
Operating Expenses	$6.4B
Cost & Expenses	$31.9B
OPERATING INCOME	$4.0B
Interest Income	$33M
Interest Expense	$64M
Other Income/Expenses	-$131M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$726M
EBIT	$3.9B
EBITDA	$4.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$35.9B
Cost of Revenue	$25.5B
GROSS PROFIT	$10.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.4B
Other Expenses	$0
Operating Expenses	$6.4B
Cost & Expenses	$31.9B
OPERATING INCOME	$4.0B
Interest Income	$33M
Interest Expense	$64M
Other Income/Expenses	-$131M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$726M
EBIT	$3.9B
EBITDA	$4.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$726M
Stock-Based Compensation	$101M
Deferred Income Tax	-$137M
Other Non-Cash Items	$113M
Change in Working Capital	-$380M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	-$861M
Sales/Maturities of Investments	$906M
Other Investing Activities	$37.0K
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	-$3M
Common Stock Repurchased	-$1.6B
Common Dividends Paid	-$764M
Other Financing Activities	-$19M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$2.0B
Net Change in Cash	-$171M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.8B
Short-Term Investments	$506M
Net Receivables	$327M
Inventory	$4.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.5B
PP&E (Net)	$5.0B
Goodwill	$100M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$460M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$14.1B
Account Payables	$2.5B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$278M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$8.9B
Common Stock	$1.3B
Additional Paid-In Capital	$0
Retained Earnings	$4.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$442M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$0
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$2.5B
Net Debt	-$306M