TJX Cos. Inc. (TJX)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

TJX Cos. Inc., Consolidated Income Statement

USD $ in thousands

	12 months ended	Feb 2, 2019		Feb 3, 2018		Jan 28, 2017		Jan 30, 2016		Jan 31, 2015		Feb 1, 2014
	Net sales
	Cost of sales, including buying and occupancy costs
	Gross earnings
	Selling, general and administrative expenses
	Impairment of goodwill and other long-lived assets, related to Sierra
	Operating earnings
	Loss on early extinguishment of debt
	Pension settlement charge
	Interest expense, excluding capitalized interest
	Interest income
	Interest expense, net
	Income before provision for income taxes
	Provision for income taxes
	Net income

Based on: 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), 10-K (filing date: 2014-04-01).

Item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	TJX Cos. Inc.’s net sales increased from 2017 to 2018 and from 2018 to 2019.
Operating earnings	The net result for the period of deducting operating expenses from operating revenues.	TJX Cos. Inc.’s operating earnings increased from 2017 to 2018 and from 2018 to 2019.
Income before provision for income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	TJX Cos. Inc.’s income before provision for income taxes increased from 2017 to 2018 and from 2018 to 2019.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	TJX Cos. Inc.’s net income increased from 2017 to 2018 and from 2018 to 2019.

	TJX Cos. Inc.	Other companies (not purchased previously)
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Relative Valuation
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Long-term Trends
Analysis
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	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality