TJX Companies (TJX) FY2015 results: revenue $29.1 billion, up 6.0% on the year
TJX Companies Inc. (TJX) reported revenue of $29.1 billion for fiscal 2015, the year ended 31 January 2015, up 6.0% on the year before. Net income was $2.2 billion, up 3.6%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 31 March 2015.
Revenue
$29.1 billion
+6.0% on the year
FY2008FY2015
Operating margin
13.5%
13.4% a year earlier
FY2008FY2015
Net income
$2.2 billion
+3.6% on the year
FY2008FY2015
Diluted EPS
$1.57
+7.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
29,078
27,423
25,878
+6.0%
Selling, general and administrative
4,695
4,467
4,250
+5.1%
Operating income
3,931
3,680
3,442
+6.8%
Operating margin
13.5%
13.4%
13.3%
Interest expense
64.8
57.1
48.6
+13.5%
Pre-tax income
3,550
3,319
3,077
+6.9%
Income tax
1,335
1,182
1,171
+12.9%
Effective tax rate
37.6%
35.6%
38.0%
Net income
2,215
2,137
1,907
+3.6%
Net margin
7.6%
7.8%
7.4%
Diluted EPS
$1.57
$1.47
$1.27
+7.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,008
2,590
3,046
+16.1%
Capital expenditure
912
947
978
-3.7%
Free cash flow
2,097
1,644
2,067
+27.6%
Free cash flow margin
7.2%
6.0%
8.0%
Cash from investing
n/a
-1,036
-1,277
Cash from financing
n/a
-1,144
-1,476
Depreciation and amortisation
589
549
509
+7.3%
Share-based compensation
88.0
76.1
64.4
+15.7%
Buybacks
1,651
1,471
1,345
+12.2%
Dividends paid
466
394
324
+18.3%
Dividend per share
$0.35
$0.29
$0.23
+20.7%
Diluted shares, weighted
1,407m
1,453m
1,495m
-3.1%
Shares outstanding at period end
1,369m
1,410m
1,448m
-2.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,264
4,230
3,666
+0.8%
Debt
1,615
1,270
775
+27.2%
Other liabilities
5,110
4,598
5,071
+11.1%
Total liabilities and equity
10,989
10,098
9,512
+8.8%
Fixed assets
3,868
3,595
3,223
+7.6%
Goodwill
169
169
170
-0.2%
Investments
283
295
236
-4.1%
Cash and equivalents
2,494
2,150
1,812
+16.0%
Receivables
214
210
223
+1.8%
Inventory
3,218
2,966
3,014
+8.5%
Other assets
732
713
834
+2.8%
Total assets
10,978
10,098
9,512
+8.7%
10-K for the year ended 31 January 2015, filed 31 March 2015: the filing.