TJX Companies (TJX) FY2013 results: revenue $25.9 billion, up 11.6% on the year
TJX Companies Inc. (TJX) reported revenue of $25.9 billion for fiscal 2013, the year ended 2 February 2013, up 11.6% on the year before. Net income was $1.9 billion, up 27.4%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2013.
Revenue
$25.9 billion
+11.6% on the year
FY2008FY2013
Operating margin
13.3%
-0.1% a year earlier
FY2008FY2013
Net income
$1.9 billion
+27.4% on the year
FY2008FY2013
Diluted EPS
$1.27
+32.1% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
25,878
23,191
21,942
+11.6%
Selling, general and administrative
4,250
3,890
3,710
+9.3%
Operating income
3,442
-16.6
10.3
Operating margin
13.3%
-0.1%
0.0%
Interest expense
48.6
49.3
49.0
-1.4%
Pre-tax income
3,077
2,411
2,164
+27.6%
Income tax
1,171
915
825
+27.9%
Effective tax rate
38.0%
38.0%
38.1%
Net income
1,907
1,496
1,343
+27.4%
Net margin
7.4%
6.5%
6.1%
Diluted EPS
$1.27
$0.96
$0.82
+32.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,046
1,916
1,976
+59.0%
Capital expenditure
978
803
707
+21.8%
Free cash flow
2,067
1,113
1,269
+85.8%
Free cash flow margin
8.0%
4.8%
5.8%
Cash from investing
-1,277
-811
-648
Cash from financing
-1,476
-1,336
-1,224
Depreciation and amortisation
509
486
458
+4.8%
Share-based compensation
64.4
64.2
58.8
+0.4%
Buybacks
1,345
1,321
1,193
+1.8%
Dividends paid
324
275
229
+17.8%
Dividend per share
$0.23
$0.19
$0.15
+21.1%
Diluted shares, weighted
1,495m
1,548m
1,626m
-3.4%
Shares outstanding at period end
1,448m
1,493m
1,559m
-3.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,666
3,209
3,100
+14.2%
Debt
775
774
774
+0.0%
Other liabilities
5,071
4,298
4,097
+18.0%
Total liabilities and equity
9,512
8,282
7,972
+14.9%
Fixed assets
3,223
2,706
2,450
+19.1%
Goodwill
170
72.2
72.2
+135.9%
Investments
236
94.7
76.3
+149.1%
Cash and equivalents
1,812
1,507
1,742
+20.2%
Receivables
223
204
200
+9.0%
Inventory
3,014
2,951
2,765
+2.2%
Other assets
834
746
666
+11.7%
Total assets
9,512
8,282
7,972
+14.9%
10-K for the year ended 2 February 2013, filed 2 April 2013: the filing.