TJX Q4 2023 Earnings Report — The TJX Companies, Inc. Revenue & Financial Results | Market Cap Arena

The TJX Companies, Inc.TJX

Q4 2023 Earnings

Reported March 29, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$14.5B	$12.2B	$13.9B	19.3%	4.8%
Op. Income	$1.3B	$1.4B	$1.3B	-3.1%	4.1%
Gross Margin	26.1%	29.1%	27.1%	-3.0pp	-1.0pp
Net Margin	7.2%	8.7%	6.8%	-1.6pp	0.4pp
EPS (Diluted)	$0.89	$0.91	$0.78	-2.2%	14.1%
Free Cash Flow	$2.7B	$646M	$781M	312.9%	241.4%

Revenue Flow

Item	Amount
REVENUE	$14.5B
Cost of Revenue	$10.7B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.5B
Other Expenses	$0
Operating Expenses	$2.5B
Cost & Expenses	$13.2B
OPERATING INCOME	$1.3B
Interest Income	$44M
Interest Expense	$20M
Other Income/Expenses	$23M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$301M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$231M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$14.5B
Cost of Revenue	$10.7B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.5B
Other Expenses	$0
Operating Expenses	$2.5B
Cost & Expenses	$13.2B
OPERATING INCOME	$1.3B
Interest Income	$44M
Interest Expense	$20M
Other Income/Expenses	$23M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$301M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$231M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$231M
Stock-Based Compensation	$27M
Deferred Income Tax	$29M
Other Non-Cash Items	$116M
Change in Working Capital	$1.6B
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$357M
Acquisitions (Net)	$0
Purchases of Investments	-$5M
Sales/Maturities of Investments	$2M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$360M
Net Debt Issuance	$0
Common Stock Repurchased	-$455M
Common Dividends Paid	-$341M
Other Financing Activities	-$549.0K
NET CASH FROM FINANCING	-$591M
FREE CASH FLOW	$2.7B
Net Change in Cash	$2.1B

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