TJX Q4 2018 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

Q4 2018 Earnings

Reported April 4, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$11.0B	$8.8B	$9.5B	25.1%	15.8%
Op. Income	$1.2B	$1.0B	$1.1B	18.3%	10.2%
Gross Margin	28.4%	29.8%	28.3%	-1.4pp	0.1pp
Net Margin	8.0%	7.3%	7.2%	0.7pp	0.8pp
EPS (Diluted)	$0.69	$0.50	$0.52	38.0%	32.7%
Free Cash Flow	$866M	$506M	$1.3B	71.2%	-31.0%

Revenue Flow

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$7.8B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$9.7B
OPERATING INCOME	$1.2B
Interest Income	$12M
Interest Expense	$16M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$235M
Net Income from Continuing Ops	$877M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$877M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$877M
D&A	$194M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$7.8B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$9.7B
OPERATING INCOME	$1.2B
Interest Income	$12M
Interest Expense	$16M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$235M
Net Income from Continuing Ops	$877M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$877M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$877M
D&A	$194M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$877M
Depreciation & Amortization	$194M
Stock-Based Compensation	$24M
Deferred Income Tax	-$173M
Other Non-Cash Items	$108M
Change in Working Capital	$69M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$230M
Acquisitions (Net)	$1.1B
Purchases of Investments	-$231M
Sales/Maturities of Investments	$248M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$213M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$406M
Common Dividends Paid	-$197M
Other Financing Activities	-$139.0K
NET CASH FROM FINANCING	-$561M
FREE CASH FLOW	$866M
Net Change in Cash	$394M

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