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Microsoft Excel LibreOffice Calc

TJX Cos. Inc. (NYSE:TJX)

Income Statement

Beginner level

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

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
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: 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).

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.’s net sales increased from 2018 to 2019 and from 2019 to 2020.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. TJX Cos. Inc.’s operating earnings increased from 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.
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 2018 to 2019 and from 2019 to 2020.