Stock Analysis on Net
Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

TJX Cos. Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

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3 months ended: Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015 Nov 1, 2014 Aug 2, 2014 May 3, 2014
Net income (loss) (214,220) (887,489) 984,790  828,263  758,962  700,178  841,538  762,253  739,626  716,381  877,276  641,436  552,957  536,279  677,928  549,786  562,174  508,346  666,466  587,256  549,335  474,601  648,230  594,957  517,624  454,317 
Depreciation and amortization 220,065  219,460  219,914  219,555  215,633  212,201  218,428  204,912  204,020  192,295  193,533  184,294  175,645  172,485  166,401  167,628  167,753  157,014  162,990  155,248  149,918  148,540  150,813  146,511  147,496  144,155 
Loss on property disposals and impairment charges 12,546  26,424  9,801  3,038  911  2,304  3,079  5,969  6,861  1,744  6,662  (967) 2,117  1,059  3,559  409  (4,016) 5,255  1,287  730  (13) 1,379  1,207  956  997  737 
Pension settlement charge —  —  —  —  —  —  —  36,122  —  —  —  —  —  —  —  31,173  —  —  —  —  —  —  —  —  —  — 
Deferred income tax provision (benefit) (40,098) (48,464) (48,353) 4,265  29,757  8,098  (72,964) 2,597  (25,562) 7,335  (173,242) (3,072) 30,624  8,250  (58,132) 5,572  30,945  16,112  71,079  (24,973) 2,805  (17,707) 94,543  (2,120) 16,383  (6,736)
Share-based compensation 39,178  (11,531) 38,367  31,190  29,668  25,732  26,204  27,412  25,912  24,029  24,210  27,637  25,464  24,051  24,871  27,494  24,927  24,959  23,044  27,296  22,617  21,150  20,343  25,671  22,215  19,785 
Impairment of goodwill and long-lived assets, related to STP —  —  —  —  —  —  —  —  —  —  99,250  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Excess tax benefits from share-based compensation —  —  —  —  —  —  —  —  —  —  —  —  —  —  (10,667) (10,496) (11,943) (37,893) (10,386) (20,317) (5,547) (28,430) (35,065) (38,973) (8,192) (12,833)
Loss on early extinguishment of debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  51,773  —  —  —  —  —  —  —  —  16,830  — 
(Increase) decrease in accounts receivable (266,460) 210,419  56,478  (63,628) 11,810  (47,658) 74,359  (64,711) 10,607  (43,787) 22,045  (41,253) 14,997  (58,147) 49,252  (21,293) (10,418) (40,776) 32,815  (13,250) 1,812  (48,734) 43,643  (20,917) 13,001  (44,779)
(Increase) decrease in merchandise inventories 1,247,639  (136,027) 1,405,163  (1,141,318) (73,301) (487,085) 977,148  (1,056,984) (160,406) (225,187) 592,287  (873,889) (80,217) (88,558) 770,463  (567,717) (29,319) (161,565) 691,212  (672,518) (226,676) (298,651) 687,135  (612,545) (180,908) (225,953)
(Increase) decrease in income taxes recoverable 176,019  (434,674) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
(Increase) decrease in prepaid expenses and other current assets (452) (39,580) 180,707  8,135  (226,112) (13,991) 111,554  51,019  (145,763) 219,532  (263,591) 11,921  (85,467) 19,287  32,930  (1,228) (72,777) 31,475  4,593  17,441  (64,879) 2,742  25,909  7,999  (61,217) 18,553 
Increase (decrease) in accounts payable 1,327,241  (1,567,597) (776,428) 812,589  53,649  (60,472) (704,290) 664,812  193,653  44,037  (528,229) 648,782  141,526  (56,968) (476,728) 462,801  158,614  (96,434) (460,962) 427,600  114,013  135,614  (514,562) 432,594  191,807  175,384 
Increase (decrease) in accrued expenses and other liabilities 731,680  (578,178) 212,094  247,450  126,357  (240,156) 71,722  205,666  210,574  (318,544) 251,440  248,445  141,865  (307,228) 156,489  260,060  115,119  (142,269) 83,299  193,333  103,223  (94,926) (31,715) 161,991  101,592  (211,068)
Increase (decrease) in income taxes payable (11,964) (13,290) 3,157  (15,039) (154,677) 38,217  74,257  39,242  (206,197) 133,663  (7,650) 17,857  (307,510) 202,811  165,766  (8,569) (144,707) 134,276  62,992  28,783  (168,271) 144,510  102,001  56,026  (177,487) 164,437 
Increase (decrease) in net operating lease liabilities 143,493  65,578  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Changes in assets and liabilities 3,347,196  (2,493,349) 1,081,171  (151,811) (262,274) (811,145) 604,750  (160,956) (97,532) (190,286) 66,302  11,863  (174,806) (288,803) 698,172  124,054  16,512  (275,293) 413,949  (18,611) (240,778) (159,445) 312,411  25,148  (113,212) (123,426)
Other, net (7,409) 34,466  (92,678) 39,784  (22,652) 11,871  (10,333) 38,783  (17,545) (26,613) 2,210  (34,814) 42,611  (4,887) 12,468  (18,718) (48,001) 21,768  (47,650) 21,355  2,704  7,451  3,550  (15,797) 2,094  (2,250)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities 3,571,478  (2,272,994) 1,208,222  146,021  (8,957) (550,939) 769,164  154,839  96,154  8,504  218,925  184,941  101,655  (87,845) 836,672  378,889  176,177  (88,078) 614,313  140,728  (68,294) (27,062) 547,802  141,396  84,611  19,432 
Net cash provided by (used in) operating activities 3,357,258  (3,160,483) 2,193,012  974,284  750,005  149,239  1,610,702  917,092  835,780  724,885  1,096,201  826,377  654,612  448,434  1,514,600  928,675  738,351  420,268  1,280,779  727,984  481,041  447,539  1,196,032  736,353  602,235  473,749 
Property additions (99,385) (210,525) (230,404) (414,694) (261,109) (316,909) (252,176) (299,063) (308,957) (264,943) (230,088) (320,667) (248,347) (258,515) (257,550) (258,762) (242,199) (266,236) (238,713) (245,792) (203,641) (201,234) (205,623) (280,784) (231,754) (193,361)
Investment in Familia —  —  (230,156) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Purchase of investments (4,619) (14,792) (4,786) (5,058) (4,352) (14,642) (4,427) (4,329) (4,630) (148,239) (231,177) (203,529) (193,384) (233,166) (183,146) (153,512) (214,911) (165,384) (155,323) (416,998) (130,648) (95,039) (133,389) (118,888) (97,110) (81,765)
Sales and maturities of investments 6,289  4,214  1,130  2,216  4,532  4,842  2,272  5,232  436,366  192,690  247,912  177,629  190,672  289,924  97,100  108,568  178,675  144,803  179,759  341,889  105,927  53,802  78,196  116,821  72,954  120,066 
Acquisition of Trade Secret —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (2,324) —  (57,104) —  —  —  —  —  — 
Other —  —  —  —  7,419  —  (1) 26,652  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Net cash used in investing activities (97,715) (221,103) (464,216) (417,536) (253,510) (326,709) (254,332) (298,159) 149,431  (220,492) (213,353) (346,567) (251,059) (201,757) (343,596) (303,706) (278,435) (289,141) (214,277) (378,005) (228,362) (242,471) (260,816) (282,851) (255,910) (155,060)
Cash payments on revolving credit facilities (1,000,000) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Proceeds from long-term debt including revolving credit facilities —  4,988,452  —  —  —  —  —  —  —  —  —  —  —  —  —  992,540  —  —  —  —  —  —  —  —  749,475  — 
Cash payments for debt issuance expenses —  (33,872) —  —  —  —  —  —  —  —  —  —  —  —  —  (9,921) —  —  —  —  —  —  —  —  (6,185) — 
Cash payments for extinguishment of debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (425,584) —  —  —  —  —  —  —  —  (416,357) — 
Cash payments for repurchase of common stock —  (201,500) (361,602) (490,639) (302,457) (397,294) (815,605) (601,393) (594,600) (395,399) (405,599) (354,299) (534,684) (349,999) (524,998) (418,838) (414,911) (341,251) (532,193) (445,023) (431,176) (419,905) (436,495) (414,424) (439,789) (359,996)
Cash dividends paid —  (278,250) (276,470) (277,644) (278,690) (238,758) (240,274) (241,448) (243,578) (197,296) (197,091) (197,493) (200,890) (168,566) (169,129) (170,351) (171,441) (140,067) (140,177) (141,212) (142,444) (120,438) (120,204) (121,430) (122,087) (102,181)
Cash payment for rate lock agreement —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (3,150) —  —  —  —  —  —  —  —  (7,937) — 
Proceeds from issuance of common stock 22,088  37,444  56,821  72,810  42,703  59,772  15,633  76,123  78,924  84,561  44,489  28,380  8,785  52,033  53,288  20,926  26,043  63,933  50,656  33,385  10,678  37,314  52,676  59,859  9,961  20,509 
Excess tax benefits from share-based compensation —  —  —  —  —  —  —  —  —  —  —  —  —  —  10,667  10,496  11,943  37,893  10,386  20,317  5,547  28,430  35,065  38,973  8,192  12,833 
Cash payments of employee tax withholdings for performance based stock awards (78) (21,765) (126) —  (23,305) —  —  (16,015) (2,451) (2) (16,823) —  —  —  —  —  —  —  —  —  —  —  — 
Other —  —  —  —  —  —  (1,706) (3,183) (368) (1,858) (826) (713) (840) (759) —  —  —  —  —  —  —  —  —  —  —  — 
Net cash provided by (used in) financing activities (977,990) 4,490,509  (581,377) (695,473) (538,436) (599,585) (1,041,952) (769,900) (759,622) (526,007) (561,478) (524,123) (727,631) (484,114) (630,172) (3,882) (548,366) (379,492) (611,328) (532,533) (557,395) (474,599) (468,958) (437,022) (224,727) (428,835)
Effect of exchange rate changes on cash 51,023  (37,840) 9,157  12,519  (6,733) (18,118) 4,044  (9,983) (33,977) (55,758) 72,863  (40,748) 103,888  (22,917) 13,485  (49,203) (52,057) 97,047  (83,037) (4,880) (44,479) 35,721  (126,108) (46,185) 2,436  19,696 
Net increase (decrease) in cash and cash equivalents 2,332,576  1,071,083  1,156,576  (126,206) (48,674) (795,173) 318,462  (160,950) 191,612  (77,372) 394,233  (85,061) (220,190) (260,354) 554,317  571,884  (140,507) (151,318) 372,137  (187,434) (349,195) (233,810) 340,150  (29,705) 124,034  (90,450)

Based on: 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-21), 10-K (filing date: 2020-03-27), 10-Q (filing date: 2019-12-03), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-04-03), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-31), 10-Q (filing date: 2018-06-01), 10-K (filing date: 2018-04-04), 10-Q (filing date: 2017-11-28), 10-Q (filing date: 2017-08-25), 10-Q (filing date: 2017-05-26), 10-K (filing date: 2017-03-28), 10-Q (filing date: 2016-11-30), 10-Q (filing date: 2016-08-26), 10-Q (filing date: 2016-05-27), 10-K (filing date: 2016-03-29), 10-Q (filing date: 2015-12-01), 10-Q (filing date: 2015-08-28), 10-Q (filing date: 2015-05-29), 10-K (filing date: 2015-03-31), 10-Q (filing date: 2014-12-02), 10-Q (filing date: 2014-08-29), 10-Q (filing date: 2014-05-30).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. TJX Cos. Inc.’s net cash provided by (used in) operating activities decreased from Q4 2020 to Q1 2021 but then increased from Q1 2021 to Q2 2021 exceeding Q4 2020 level.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. TJX Cos. Inc.’s net cash used in investing activities increased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. TJX Cos. Inc.’s net cash provided by (used in) financing activities increased from Q4 2020 to Q1 2021 but then decreased significantly from Q1 2021 to Q2 2021.