TJX FY 2020 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2020 Earnings

Reported March 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$41.7B	—	$39.0B	—	7.0%
Op. Income	$4.4B	—	$4.2B	—	4.7%
Gross Margin	28.5%	—	28.6%	—	-0.1pp
Net Margin	7.8%	—	7.9%	—	-0.0pp
EPS (Diluted)	$2.67	—	$2.43	—	9.9%
Free Cash Flow	$2.8B	—	$3.0B	—	-4.0%

Revenue Flow

Item	Amount
REVENUE	$41.7B
Cost of Revenue	$29.8B
GROSS PROFIT	$11.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$7.5B
Other Expenses	$0
Operating Expenses	$7.5B
Cost & Expenses	$37.3B
OPERATING INCOME	$4.4B
Interest Income	$49M
Interest Expense	$59M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$4.4B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$867M
EBIT	$4.5B
EBITDA	$5.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$41.7B
Cost of Revenue	$29.8B
GROSS PROFIT	$11.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$7.5B
Other Expenses	$0
Operating Expenses	$7.5B
Cost & Expenses	$37.3B
OPERATING INCOME	$4.4B
Interest Income	$49M
Interest Expense	$59M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$4.4B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$867M
EBIT	$4.5B
EBITDA	$5.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$867M
Stock-Based Compensation	$125M
Deferred Income Tax	-$6M
Other Non-Cash Items	-$47M
Change in Working Capital	-$144M
OPERATING CASH FLOW	$4.1B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$230M
Purchases of Investments	-$29M
Sales/Maturities of Investments	$13M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.6B
Common Dividends Paid	-$1.1B
Other Financing Activities	-$23M
NET CASH FROM FINANCING	-$2.4B
FREE CASH FLOW	$2.8B
Net Change in Cash	$187M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$0
Net Receivables	$386M
Inventory	$4.9B
Other Current Assets	$47M
TOTAL CURRENT ASSETS	$8.9B
PP&E (Net)	$14.4B
Goodwill	$96M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$761M
TOTAL NON-CURRENT ASSETS	$15.3B
TOTAL ASSETS	$24.1B
Account Payables	$2.7B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$7.2B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$398M
Other Non-Current Liabilities	$596M
TOTAL NON-CURRENT LIABILITIES	$11.0B
TOTAL LIABILITIES	$18.2B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$5.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$673M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.9B
Minority Interest	$0
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$24.1B
Total Debt	$11.5B
Net Debt	$8.2B