Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Income Statement 

The income statement presents information on the financial results of a company 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

US$ in millions

Microsoft Excel
12 months ended: Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019
Net sales 54,217 49,936 48,550 32,137 41,717 38,973
Cost of sales, including buying and occupancy costs (37,951) (36,149) (34,714) (24,534) (29,846) (27,831)
Gross earnings 16,266 13,787 13,836 7,603 11,871 11,142
Selling, general and administrative expenses (10,469) (8,927) (9,081) (7,021) (7,455) (6,924)
Operating income 5,797 4,860 4,755 582 4,416 4,218
Impairment on equity investment (218)
Loss on early extinguishment of debt (242) (312)
Interest expense, excluding capitalized interest (79) (84) (120) (194) (59) (65)
Interest income 249 78 4 13 49 56
Interest expense, net 170 (6) (115) (181) (10) (9)
Pension settlement charge (36)
Income before income taxes 5,967 4,636 4,398 89 4,406 4,173
(Provision) benefit for income taxes (1,493) (1,138) (1,115) 1 (1,134) (1,113)
Net income 4,474 3,498 3,283 90 3,272 3,060

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).

Income statement 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. net sales increased from 2022 to 2023 and from 2023 to 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. TJX Cos. Inc. operating income increased from 2022 to 2023 and from 2023 to 2024.
Income before 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. income before income taxes increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. TJX Cos. Inc. net income increased from 2022 to 2023 and from 2023 to 2024.