Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
TJX Cos. Inc., adjusted current assets
US$ in thousands
|
|
Feb 1, 2020 |
Feb 2, 2019 |
Feb 3, 2018 |
Jan 28, 2017 |
Jan 30, 2016 |
Jan 31, 2015 |
|
As Reported |
|
|
Current assets |
8,890,622 | 8,469,222 | 8,485,727 | 7,750,774 | 6,772,560 | 6,715,061 |
|
Adjustments |
|
|
Less: Current deferred tax assets1 |
— | — | — | — | — | 137,617 |
|
After Adjustment |
|
|
Adjusted current assets |
8,890,622 |
8,469,222 |
8,485,727 |
7,750,774 |
6,772,560 |
6,577,444 |
Based on:
10-K (filing date: 2020-03-27),
10-K (filing date: 2019-04-03),
10-K (filing date: 2018-04-04),
10-K (filing date: 2017-03-28),
10-K (filing date: 2016-03-29),
10-K (filing date: 2015-03-31).
Adjustments to Total Assets
TJX Cos. Inc., adjusted total assets
US$ in thousands
|
|
Feb 1, 2020 |
Feb 2, 2019 |
Feb 3, 2018 |
Jan 28, 2017 |
Jan 30, 2016 |
Jan 31, 2015 |
|
As Reported |
|
|
Total assets |
24,145,003 | 14,326,029 | 14,058,015 | 12,883,808 | 11,499,482 | 11,128,381 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | 8,895,947 | 8,619,738 | 7,738,413 | 6,951,852 | 6,597,580 |
|
|
Less: Current deferred tax assets2 |
— | — | — | — | — | 137,617 |
|
|
Less: Non-current deferred tax assets3 |
12,132 | 6,467 | 6,558 | 6,193 | 13,831 | 24,546 |
|
After Adjustment |
|
|
Adjusted total assets |
24,132,871 |
23,215,509 |
22,671,195 |
20,616,028 |
18,437,503 |
17,563,798 |
Based on:
10-K (filing date: 2020-03-27),
10-K (filing date: 2019-04-03),
10-K (filing date: 2018-04-04),
10-K (filing date: 2017-03-28),
10-K (filing date: 2016-03-29),
10-K (filing date: 2015-03-31).
Adjustments to Total Liabilities
TJX Cos. Inc., adjusted total liabilities
US$ in thousands
|
|
Feb 1, 2020 |
Feb 2, 2019 |
Feb 3, 2018 |
Jan 28, 2017 |
Jan 30, 2016 |
Jan 31, 2015 |
|
As Reported |
|
|
Total liabilities |
18,196,791 | 9,277,423 | 8,909,706 | 8,373,209 | 7,192,407 | 6,864,151 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 8,895,947 | 8,619,738 | 7,738,413 | 6,951,852 | 6,597,580 |
|
|
Less: Non-current deferred tax liabilities2 |
142,170 | 158,191 | 233,057 | 314,000 | 285,102 | 422,516 |
|
After Adjustment |
|
|
Adjusted total liabilities |
18,054,621 |
18,015,179 |
17,296,387 |
15,797,622 |
13,859,157 |
13,039,215 |
Based on:
10-K (filing date: 2020-03-27),
10-K (filing date: 2019-04-03),
10-K (filing date: 2018-04-04),
10-K (filing date: 2017-03-28),
10-K (filing date: 2016-03-29),
10-K (filing date: 2015-03-31).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Non-current deferred tax liabilities. See details »
Adjustments to Stockholders’ Equity
TJX Cos. Inc., adjusted shareholders’ equity
US$ in thousands
|
|
Feb 1, 2020 |
Feb 2, 2019 |
Feb 3, 2018 |
Jan 28, 2017 |
Jan 30, 2016 |
Jan 31, 2015 |
|
As Reported |
|
|
Shareholders’ equity |
5,948,212 | 5,048,606 | 5,148,309 | 4,510,599 | 4,307,075 | 4,264,230 |
|
Adjustments |
|
|
Less: Net deferred tax asset (liability)1 |
(130,038) | (151,724) | (226,499) | (307,807) | (271,271) | (260,353) |
|
After Adjustment |
|
|
Adjusted shareholders’ equity |
6,078,250 |
5,200,330 |
5,374,808 |
4,818,406 |
4,578,346 |
4,524,583 |
Based on:
10-K (filing date: 2020-03-27),
10-K (filing date: 2019-04-03),
10-K (filing date: 2018-04-04),
10-K (filing date: 2017-03-28),
10-K (filing date: 2016-03-29),
10-K (filing date: 2015-03-31).
Adjustments to Capitalization Table
TJX Cos. Inc., adjusted capitalization table
US$ in thousands
|
|
Feb 1, 2020 |
Feb 2, 2019 |
Feb 3, 2018 |
Jan 28, 2017 |
Jan 30, 2016 |
Jan 31, 2015 |
|
As Reported |
|
|
Long-term debt |
2,236,625 | 2,233,616 | 2,230,607 | 2,227,599 | 1,624,054 | 1,623,864 |
|
|
Total reported debt |
2,236,625 |
2,233,616 |
2,230,607 |
2,227,599 |
1,624,054 |
1,623,864 |
|
|
Shareholders’ equity |
5,948,212 | 5,048,606 | 5,148,309 | 4,510,599 | 4,307,075 | 4,264,230 |
|
|
Total reported capital |
8,184,837 |
7,282,222 |
7,378,916 |
6,738,198 |
5,931,129 |
5,888,094 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 8,895,947 | 8,619,738 | 7,738,413 | 6,951,852 | 6,597,580 |
|
|
Add: Current portion of operating lease liabilities2 |
1,411,216 | — | — | — | — | — |
|
|
Add: Long-term operating lease liabilities, exclusive of current portion3 |
7,816,633 | — | — | — | — | — |
|
|
Adjusted total debt |
11,464,474 |
11,129,563 |
10,850,345 |
9,966,012 |
8,575,906 |
8,221,444 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax asset (liability)4 |
(130,038) | (151,724) | (226,499) | (307,807) | (271,271) | (260,353) |
|
|
Adjusted shareholders’ equity |
6,078,250 |
5,200,330 |
5,374,808 |
4,818,406 |
4,578,346 |
4,524,583 |
|
After Adjustment |
|
|
Adjusted total capital |
17,542,724 |
16,329,893 |
16,225,153 |
14,784,418 |
13,154,252 |
12,746,027 |
Based on:
10-K (filing date: 2020-03-27),
10-K (filing date: 2019-04-03),
10-K (filing date: 2018-04-04),
10-K (filing date: 2017-03-28),
10-K (filing date: 2016-03-29),
10-K (filing date: 2015-03-31).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Current portion of operating lease liabilities. See details »
3 Long-term operating lease liabilities, exclusive of current portion. See details »
4 Net deferred tax asset (liability). See details »
Adjustments to Reported Income
TJX Cos. Inc., adjusted net income
US$ in thousands
|
12 months ended: |
Feb 1, 2020 |
Feb 2, 2019 |
Feb 3, 2018 |
Jan 28, 2017 |
Jan 30, 2016 |
Jan 31, 2015 |
|
As Reported |
|
|
Net income |
3,272,193 | 3,059,798 | 2,607,948 | 2,298,234 | 2,277,658 | 2,215,128 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
(6,409) | (87,835) | (137,125) | (5,841) | 30,783 | 102,070 |
|
|
Add: Other comprehensive income (loss), net of tax |
(42,850) | (188,462) | 252,367 | (26,754) | (113,087) | (354,853) |
|
After Adjustment |
|
|
Adjusted net income |
3,222,934 |
2,783,501 |
2,723,190 |
2,265,639 |
2,195,354 |
1,962,345 |
Based on:
10-K (filing date: 2020-03-27),
10-K (filing date: 2019-04-03),
10-K (filing date: 2018-04-04),
10-K (filing date: 2017-03-28),
10-K (filing date: 2016-03-29),
10-K (filing date: 2015-03-31).
