TJX Companies (TJX) FY2012 results: revenue $23.2 billion, up 5.7% on the year
TJX Companies Inc. (TJX) reported revenue of $23.2 billion for fiscal 2012, the year ended 28 January 2012, up 5.7% on the year before. Net income was $1.5 billion, up 11.4%, and diluted earnings per share $0.96. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2012.
Revenue
$23.2 billion
+5.7% on the year
FY2008FY2012
Operating margin
-0.1%
0.0% a year earlier
FY2008FY2012
Net income
$1.5 billion
+11.4% on the year
FY2008FY2012
Diluted EPS
$0.96
+17.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
23,191
21,942
20,288
+5.7%
Selling, general and administrative
3,890
3,710
3,329
+4.9%
Operating income
-16.6
10.3
n/a
Operating margin
-0.1%
0.0%
n/a
Interest expense
49.3
49.0
49.3
+0.5%
Pre-tax income
2,411
2,164
1,952
+11.4%
Income tax
915
825
738
+11.0%
Effective tax rate
38.0%
38.1%
37.8%
Net income
1,496
1,343
1,214
+11.4%
Net margin
6.5%
6.1%
6.0%
Diluted EPS
$0.96
$0.82
$0.71
+17.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,916
1,976
2,272
-3.1%
Capital expenditure
803
707
429
+13.6%
Free cash flow
1,113
1,269
1,843
-12.3%
Free cash flow margin
4.8%
5.8%
9.1%
Cash from investing
-811
-648
-560
Cash from financing
-1,336
-1,224
-584
Depreciation and amortisation
486
458
435
+6.0%
Share-based compensation
64.2
58.8
55.1
+9.1%
Buybacks
1,321
1,193
945
+10.7%
Dividends paid
275
229
198
+19.9%
Dividend per share
$0.19
$0.15
$0.12
+26.7%
Diluted shares, weighted
1,548m
1,626m
1,710m
-4.8%
Shares outstanding at period end
1,493m
1,559m
1,638m
-4.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,209
3,100
2,889
+3.5%
Debt
774
774
774
+0.0%
Other liabilities
4,298
4,097
3,800
+4.9%
Total liabilities and equity
8,282
7,972
7,464
+3.9%
Fixed assets
2,706
2,450
2,274
+10.5%
Goodwill
72.2
72.2
72.1
0.0%
Investments
94.7
76.3
131
+24.2%
Cash and equivalents
1,507
1,742
1,615
-13.5%
Receivables
204
200
148
+2.1%
Inventory
2,951
2,765
2,532
+6.7%
Other assets
746
666
692
+12.0%
Total assets
8,282
7,972
7,464
+3.9%
10-K for the year ended 28 January 2012, filed 27 March 2012: the filing.