Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

TJX Cos. Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Net income	4,474)	3,498)	3,283)	90)	3,272)	3,060)
Depreciation and amortization	964)	887)	868)	871)	867)	820)
Impairment on equity investment	—)	218)	—)	—)	—)	—)
Loss on early extinguishment of debt	—)	—)	242)	312)	—)	—)
Loss on property disposals and impairment charges	61)	23)	9)	84)	16)	18)
Deferred income tax provision (benefit)	(7)	64)	(44)	(231)	(6)	(89)
Share-based compensation	160)	122)	189)	59)	125)	104)
Pension settlement charge	—)	—)	—)	—)	—)	36)
(Increase) decrease in accounts receivable	37)	(51)	(61)	(71)	(43)	(24)
(Increase) decrease in merchandise inventories	(145)	58)	(1,658)	589)	(297)	(465)
(Increase) decrease in income taxes recoverable	60)	(5)	(78)	11)	(34)	15)
(Increase) decrease in prepaid expenses and other current assets	(40)	(73)	33)	(57)	(17)	221)
Increase (decrease) in accounts payable	64)	(600)	(338)	2,111)	29)	198)
Increase (decrease) in accrued expenses and other liabilities	443)	(23)	659)	585)	346)	169)
Increase (decrease) in income taxes payable	46)	(126)	100)	53)	(128)	41)
Increase (decrease) in net operating lease liabilities	(18)	(1)	(129)	200)	30)	—)
Changes in assets and liabilities	447)	(821)	(1,474)	3,420)	(114)	156)
Other, net	(42)	93)	(15)	(43)	(93)	(16)
Adjustments to reconcile net income to net cash provided by operating activities	1,583)	586)	(225)	4,471)	794)	1,029)
Net cash provided by operating activities	6,057)	4,084)	3,057)	4,562)	4,067)	4,088)
Property additions	(1,722)	(1,457)	(1,045)	(568)	(1,223)	(1,125)
Investment in Familia	—)	—)	—)	—)	(230)	—)
Purchases of investments	(28)	(31)	(22)	(29)	(29)	(162)
Sales and maturities of investments	33)	18)	20)	19)	13)	637)
Other	—)	—)	—)	—)	7)	27)
Net cash used in investing activities	(1,717)	(1,470)	(1,046)	(579)	(1,462)	(624)
Payments for repurchase of common stock	(2,484)	(2,255)	(2,176)	(202)	(1,552)	(2,407)
Proceeds from issuance of common stock	285)	321)	229)	211)	232)	255)
Cash dividends paid	(1,484)	(1,339)	(1,252)	(278)	(1,072)	(923)
Payments on revolving credit facilities	—)	—)	—)	(1,000)	—)	—)
Proceeds from long-term debt including revolving credit facilities	—)	—)	—)	5,987)	—)	—)
Repayment of debt	(500)	—)	(2,976)	(1,418)	—)	—)
Other	(32)	(33)	(26)	(72)	(23)	(23)
Net cash provided by (used in) financing activities	(4,215)	(3,306)	(6,200)	3,228)	(2,415)	(3,097)
Effect of exchange rate changes on cash	(2)	(58)	(54)	41)	(3)	(96)
Net increase (decrease) in cash and cash equivalents	123)	(750)	(4,243)	7,253)	187)	272)
Cash and cash equivalents at beginning of year	5,477)	6,227)	10,470)	3,217)	3,030)	2,758)
Cash and cash equivalents at end of year	5,600)	5,477)	6,227)	10,470)	3,217)	3,030)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	TJX Cos. Inc. net cash provided by operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	TJX Cos. Inc. net cash used in investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	TJX Cos. Inc. net cash provided by (used in) financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

TJX Cos. Inc. (NYSE:TJX)

Cash Flow Statement