TJX Companies (TJX) FY2021 results: revenue $32.1 billion, down 23.0% on the year
TJX Companies Inc. (TJX) reported revenue of $32.1 billion for fiscal 2021, the year ended 30 January 2021, down 23.0% on the year before. Net income was $90 million, down 97.2%, and diluted earnings per share $0.07. The figures are the company's own, from the 10-K it filed with the SEC on 31 March 2021.
Revenue
$32.1 billion
-23.0% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$90 million
-97.2% on the year
FY2014FY2021
Diluted EPS
$0.07
-97.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
32,137
41,717
38,973
-23.0%
Cost of revenue
24,534
29,846
27,831
-17.8%
Gross profit
7,603
11,871
11,142
-36.0%
Gross margin
23.7%
28.5%
28.6%
Selling, general and administrative
7,021
7,455
6,924
-5.8%
Operating income
n/a
n/a
4,763
Operating margin
n/a
n/a
12.2%
Interest expense
199
61.4
69.1
+224.2%
Pre-tax income
89.0
4,406
4,173
-98.0%
Income tax
-1.0
1,134
1,113
Effective tax rate
-1.1%
25.7%
26.7%
Net income
90.0
3,272
3,060
-97.2%
Net margin
0.3%
7.8%
7.9%
Diluted EPS
$0.07
$2.67
$2.43
-97.4%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,562
4,067
4,088
+12.2%
Capital expenditure
568
1,223
1,125
-53.6%
Free cash flow
3,994
2,843
2,963
+40.5%
Free cash flow margin
12.4%
6.8%
7.6%
Cash from investing
-579
-1,462
-624
Cash from financing
3,228
-2,415
-3,097
Depreciation and amortisation
871
867
820
+0.4%
Share-based compensation
59.0
125
104
-52.8%
Buybacks
202
1,552
2,407
-87.0%
Dividends paid
278
1,072
923
-74.0%
Dividend per share
$0.26
$0.92
$0.78
-71.7%
Diluted shares, weighted
1,215m
1,227m
1,259m
-1.0%
Shares outstanding at period end
1,205m
1,199m
1,217m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,833
5,948
5,049
-1.9%
Debt
6,083
2,237
2,234
+172.0%
Operating lease liabilities
7,743
7,817
n/a
-0.9%
Other liabilities
11,155
8,144
7,044
+37.0%
Total liabilities and equity
30,814
24,145
14,326
+27.6%
Fixed assets
5,036
5,325
5,255
-5.4%
Goodwill
99.0
95.5
97.6
+3.6%
Investments
n/a
n/a
0.0
Cash and equivalents
10,470
3,217
3,030
+225.5%
Receivables
461
386
346
+19.4%
Inventory
4,337
4,873
4,579
-11.0%
Other assets
10,410
10,249
1,018
+1.6%
Total assets
30,814
24,145
14,326
+27.6%
10-K for the year ended 30 January 2021, filed 31 March 2021: the filing.