Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

TJX Cos. Inc. (NYSE:TJX)

Adjustments to Financial Statements

Advanced level

Adjustments to Current Assets

TJX Cos. Inc., adjusted current assets

US$ in thousands

Microsoft Excel LibreOffice Calc
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).

1 Current deferred tax assets. See details »


Adjustments to Total Assets

TJX Cos. Inc., adjusted total assets

US$ in thousands

Microsoft Excel LibreOffice Calc
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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Current deferred tax assets. See details »

3 Non-current deferred tax assets. See details »


Adjustments to Total Liabilities

TJX Cos. Inc., adjusted total liabilities

US$ in thousands

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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).

1 Net deferred tax asset (liability). See details »


Adjustments to Capitalization Table

TJX Cos. Inc., adjusted capitalization table

US$ in thousands

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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).

1 Deferred income tax expense (benefit). See details »