TJX FY 2019 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2019 Earnings

Reported April 3, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$39.0B	—	$35.9B	—	8.7%
Op. Income	$4.2B	—	$4.0B	—	5.8%
Gross Margin	28.6%	—	28.9%	—	-0.3pp
Net Margin	7.9%	—	7.3%	—	0.6pp
EPS (Diluted)	$2.43	—	$2.02	—	20.3%
Free Cash Flow	$3.0B	—	$2.0B	—	50.6%

Revenue Flow

Item	Amount
REVENUE	$39.0B
Cost of Revenue	$27.8B
GROSS PROFIT	$11.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.9B
Other Expenses	$0
Operating Expenses	$6.9B
Cost & Expenses	$34.8B
OPERATING INCOME	$4.2B
Interest Income	$56M
Interest Expense	$65M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$820M
EBIT	$4.2B
EBITDA	$5.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$39.0B
Cost of Revenue	$27.8B
GROSS PROFIT	$11.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.9B
Other Expenses	$0
Operating Expenses	$6.9B
Cost & Expenses	$34.8B
OPERATING INCOME	$4.2B
Interest Income	$56M
Interest Expense	$65M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$820M
EBIT	$4.2B
EBITDA	$5.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$818M
Stock-Based Compensation	$104M
Deferred Income Tax	-$89M
Other Non-Cash Items	$40M
Change in Working Capital	$156M
OPERATING CASH FLOW	$4.1B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	-$162M
Sales/Maturities of Investments	$637M
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$624M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$2.4B
Common Dividends Paid	-$923M
Other Financing Activities	-$23M
NET CASH FROM FINANCING	-$3.1B
FREE CASH FLOW	$3.0B
Net Change in Cash	$272M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.0B
Short-Term Investments	$0
Net Receivables	$346M
Inventory	$4.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.5B
PP&E (Net)	$5.3B
Goodwill	$98M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$498M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$14.3B
Account Payables	$2.6B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$394M
Other Non-Current Liabilities	$876M
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$9.3B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$4.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$630M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.0B
Minority Interest	$0
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$14.3B
Total Debt	$2.5B
Net Debt	-$553M