2017 Q1 Form 10-K Financial Statement

#000119312517099642 Filed on March 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2017 2016 Q1
Revenue $9.468B $33.18B $8.962B
YoY Change 5.64% 7.23% 7.93%
Cost Of Revenue $6.790B $23.57B $6.388B
YoY Change 6.29% 6.95% 7.2%
Gross Profit $2.681B $9.618B $2.574B
YoY Change 4.16% 7.95% 9.76%
Gross Profit Margin 28.32% 28.98% 28.72%
Selling, General & Admin $1.571B $5.768B $1.497B
YoY Change 4.94% 10.81% 14.62%
% of Gross Profit 58.6% 59.98% 58.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $166.4M $658.8M $163.0M
YoY Change 2.09% 6.83% 8.09%
% of Gross Profit 6.21% 6.85% 6.33%
Operating Expenses $1.571B $5.768B $1.497B
YoY Change 4.94% 10.81% 14.62%
Operating Profit $1.110B $4.258B $1.077B
YoY Change 3.06% 3.84% 3.65%
Interest Expense -$13.00M $69.22M -$11.00M
YoY Change 18.18% 1.42% 22.22%
% of Operating Profit -1.17% 1.63% -1.02%
Other Income/Expense, Net
YoY Change
Pretax Income $1.094B $3.723B $1.066B
YoY Change 2.63% 1.77% 3.5%
Income Tax $416.0M $1.425B $399.0M
% Of Pretax Income 38.03% 38.27% 37.43%
Net Earnings $677.9M $2.298B $666.5M
YoY Change 1.72% 0.9% 2.81%
Net Earnings / Revenue 7.16% 6.93% 7.44%
Basic Earnings Per Share $1.04 $1.75 $1.00
Diluted Earnings Per Share $1.03 $1.73 $0.99
COMMON SHARES
Basic Shares Outstanding 645.6M shares 1.311B shares 662.6M shares
Diluted Shares Outstanding 1.329B shares

Balance Sheet

Concept 2017 Q1 2017 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.473B $3.473B $2.448B
YoY Change 41.87% 41.87% -11.82%
Cash & Equivalents $2.930B $2.930B $2.095B
Short-Term Investments $543.0M $543.0M $352.0M
Other Short-Term Assets $374.0M $374.0M $381.0M
YoY Change -1.84% -4.59% 6.78%
Inventory $3.645B $3.645B $3.695B
Prepaid Expenses
Receivables $258.8M $259.0M $238.1M
Other Receivables $0.00 $0.00 $11.00M
Total Short-Term Assets $7.751B $7.751B $6.773B
YoY Change 14.44% 14.44% 2.97%
LONG-TERM ASSETS
Property, Plant & Equipment $4.533B $4.533B $4.138B
YoY Change 9.55% 9.55% 6.96%
Goodwill $195.9M $193.9M
YoY Change 1.01% 14.73%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $398.1M $404.0M $372.6M
YoY Change 6.85% 4.66% 76.95%
Total Long-Term Assets $5.133B $5.133B $4.718B
YoY Change 8.8% 8.82% 7.21%
TOTAL ASSETS
Total Short-Term Assets $7.751B $7.751B $6.773B
Total Long-Term Assets $5.133B $5.133B $4.718B
Total Assets $12.88B $12.88B $11.49B
YoY Change 12.13% 12.13% 4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.231B $2.231B $2.203B
YoY Change 1.26% 1.27% 9.74%
Accrued Expenses $2.320B $1.240B $2.070B
YoY Change 12.08% 11.71% 15.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.758B $4.758B $4.402B
YoY Change 8.07% 8.09% 12.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.228B $2.404B $1.620B
YoY Change 37.51% 41.41% 0.31%
Other Long-Term Liabilities $1.074B $898.0M $881.0M
YoY Change 21.9% 12.81% -0.8%
Total Long-Term Liabilities $3.302B $3.302B $2.501B
YoY Change 32.01% 32.29% -0.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.758B $4.758B $4.402B
Total Long-Term Liabilities $3.302B $3.302B $2.501B
Total Liabilities $8.059B $8.373B $6.903B
YoY Change 16.75% 16.57% 7.31%
SHAREHOLDERS EQUITY
Retained Earnings $4.559B $4.311B
YoY Change 5.74% 4.29%
Common Stock $646.3M $663.5M
YoY Change -2.59% -3.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.511B $4.511B $4.307B
YoY Change
Total Liabilities & Shareholders Equity $12.88B $12.88B $11.49B
YoY Change 12.13% 12.13% 4.57%

Cashflow Statement

Concept 2017 Q1 2017 2016 Q1
OPERATING ACTIVITIES
Net Income $677.9M $2.298B $666.5M
YoY Change 1.72% 0.9% 2.81%
Depreciation, Depletion And Amortization $166.4M $658.8M $163.0M
YoY Change 2.09% 6.83% 8.09%
Cash From Operating Activities $1.515B $3.627B $1.300B
YoY Change 16.48% 22.66% 9.92%
INVESTING ACTIVITIES
Capital Expenditures -$257.6M $1.025B -$238.7M
YoY Change 7.92% 15.22% 16.1%
Acquisitions $2.324M
YoY Change -95.93%
Other Investing Activities -$86.00M $2.324M $24.50M
YoY Change -451.02% -101.99% -158.33%
Cash From Investing Activities -$343.6M -$1.215B -$214.3M
YoY Change 60.34% 14.28% -13.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.536B
YoY Change -9.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -630.2M -$1.587B -630.9M
YoY Change -0.11% -27.72% 34.55%
NET CHANGE
Cash From Operating Activities 1.515B $3.627B 1.300B
Cash From Investing Activities -343.6M -$1.215B -214.3M
Cash From Financing Activities -630.2M -$1.587B -630.9M
Net Change In Cash 540.8M $825.1M 455.1M
YoY Change 18.83% -373.58% -2.42%
FREE CASH FLOW
Cash From Operating Activities $1.515B $3.627B $1.300B
Capital Expenditures -$257.6M $1.025B -$238.7M
Free Cash Flow $1.772B $2.602B $1.539B
YoY Change 15.15% 25.86% 10.84%

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CY2017Q1 tjx Ratio Of Indebtedness To Earnings Before Interest Tax Depreciation And Amortization
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CY2017Q1 tjx Number Of Annual Deferred Share Awards Awarded To Outside Directors
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CY2017Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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13800000
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450000
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20315000
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22034523000
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8100000 shares
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FY
CY2017 dei Document Fiscal Year Focus
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2017
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10-K
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3.46
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0.350 pure
CY2017 dei Entity Central Index Key
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0000109198
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Yes
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3601894000
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P4Y9M18D
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5265000 shares
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P5Y
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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30.83
CY2017 dei Trading Symbol
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TJX
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664432000 shares
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655647000 shares
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0.035 pure
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0.0120 pure
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14.55
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66.15
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75.04
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22300000 shares
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CY2017 dei Current Fiscal Year End Date
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--01-28
CY2017 dei Document Period End Date
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2017-01-28
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3.51
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CY2017 dei Entity Current Reporting Status
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CY2017 dei Entity Filer Category
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Large Accelerated Filer
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22278000 shares
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8785000 shares
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4 Segment
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20500000
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4305000 shares
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 3%"> <font style="FONT-FAMILY: arial" size="2"><b><i>Use of Estimates</i></b><b><i>:</i></b> Preparation of The TJX Companies, Inc. financial statements, in conformity with accounting principles generally accepted in the United States of America (GAAP), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. TJX considers its accounting policies relating to inventory valuation, impairment of long-lived assets, goodwill and tradenames, retirement obligations, share-based compensation, casualty insurance, reserves for uncertain tax positions and loss contingencies to be the most significant accounting policies that involve management estimates and judgments. Actual amounts could differ from those estimates, and such differences could be material.</font></p> </div>
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0.383 pure
CY2017 dei Entity Registrant Name
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TJX COMPANIES INC /DE/
CY2017 dei Entity Voluntary Filers
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No
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P2Y
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2324000
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 3%"> <font style="FONT-FAMILY: arial" size="2"><b><i>Fiscal Year</i></b><b><i>:</i></b> TJX&#x2019;s fiscal year ends on the Saturday nearest to the last day of January of each year. The fiscal years ended January&#xA0;28, 2017 (fiscal 2017),&#xA0;January&#xA0;30, 2016 (fiscal 2016) and January&#xA0;31, 2015 (fiscal 2015) each included 52 weeks.</font></p> </div>
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0.238 pure
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513573 shares
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P8Y10M24D
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70999000
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33183744000
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3150000
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450000
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1200000
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2298234000
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23235000
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1960000
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2271480000
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102251000
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7018000
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9921000
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650988000
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18137000
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38500000
CY2017 tjx Liabilities Less Than Specific Percentage Included In Other Current Liabilities
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All other current liabilities include accruals for advertising, customer rewards liability, interest, reserve for sales returns, reserve for taxes, fair value of derivatives, expense payables, purchased services and other items, each of which is individually less than 5% of current liabilities.
CY2017 tjx Postretirement Medical And Life Insurance Benefits To Retirees
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Who are eligible for the defined benefit plan and who retired at age 55 or older with ten or more years of service.
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8300000 shares
CY2017 tjx Minimum Percentage Of Pension Liability Under Pension Protection Act
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P6Y2M12D
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0.25 pure
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P1Y
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