TJX FY 2023 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

FY 2023 Earnings

Reported March 29, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$49.9B	—	$48.5B	—	2.9%
Op. Income	$4.9B	—	$4.8B	—	2.2%
Gross Margin	27.6%	—	28.5%	—	-0.9pp
Net Margin	7.0%	—	6.8%	—	0.2pp
EPS (Diluted)	$2.97	—	$2.70	—	10.0%
Free Cash Flow	$2.6B	—	$2.0B	—	30.5%

Revenue Flow

Item	Amount
REVENUE	$49.9B
Cost of Revenue	$36.1B
GROSS PROFIT	$13.8B
R&D Expenses	$0
Selling & Marketing	$507M
General & Administrative	$8.4B
SG&A Expenses	$8.9B
Other Expenses	$0
Operating Expenses	$8.9B
Cost & Expenses	$45.1B
OPERATING INCOME	$4.9B
Interest Income	$78M
Interest Expense	$84M
Other Income/Expenses	-$224M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.5B
D&A	$887M
EBIT	$4.7B
EBITDA	$5.6B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$49.9B
Cost of Revenue	$36.1B
GROSS PROFIT	$13.8B
R&D Expenses	$0
Selling & Marketing	$507M
General & Administrative	$8.4B
SG&A Expenses	$8.9B
Other Expenses	$0
Operating Expenses	$8.9B
Cost & Expenses	$45.1B
OPERATING INCOME	$4.9B
Interest Income	$78M
Interest Expense	$84M
Other Income/Expenses	-$224M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.5B
D&A	$887M
EBIT	$4.7B
EBITDA	$5.6B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.5B
Depreciation & Amortization	$887M
Stock-Based Compensation	$122M
Deferred Income Tax	$64M
Other Non-Cash Items	$334M
Change in Working Capital	-$821M
OPERATING CASH FLOW	$4.1B
Capital Expenditure	-$1.5B
Acquisitions (Net)	$1.5B
Purchases of Investments	-$31M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$0
Common Stock Repurchased	-$2.3B
Common Dividends Paid	-$1.3B
Other Financing Activities	-$33M
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$2.6B
Net Change in Cash	-$750M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.5B
Short-Term Investments	$0
Net Receivables	$682M
Inventory	$5.8B
Other Current Assets	$478M
TOTAL CURRENT ASSETS	$12.5B
PP&E (Net)	$14.9B
Goodwill	$97M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$158M
Other Non-Current Assets	$769M
TOTAL NON-CURRENT ASSETS	$15.9B
TOTAL ASSETS	$28.3B
Account Payables	$3.8B
Short-Term Debt	$500M
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$10.3B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$362M
Other Non-Current Liabilities	$684M
TOTAL NON-CURRENT LIABILITIES	$11.7B
TOTAL LIABILITIES	$22.0B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$5.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$606M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.4B
Minority Interest	$0
TOTAL EQUITY	$6.4B
TOTAL LIABILITIES & EQUITY	$28.3B
Total Debt	$12.7B
Net Debt	$7.3B