Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company 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 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.
Paying user area
Try for free
TJX Cos. Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to TJX Cos. Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
TJX Cos. Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04).
- Net Income Trend
- Net income experienced significant volatility over the periods analyzed. Initially, there was a steady increase from $700 million to $985 million in early 2020, followed by a sharp decline to negative values in mid-2020, likely reflecting extraordinary challenges during that time. Subsequent quarters show a strong recovery and consistent growth, with net income peaking at $1,403 million in early 2024 before a slight decrease and fluctuations towards the end of the period.
- Depreciation and Amortization
- Depreciation and amortization expenses remained relatively stable, showing a slow but steady increase from $212 million to $316 million by late 2025, indicating ongoing capital investments as reflected in property additions.
- Losses and Impairments
- There were sporadic losses related to early extinguishment of debt and impairments on equity investments, notably a substantial $312 million loss on early debt extinguishment in early 2021 and a $218 million equity investment impairment in mid-2022. Losses on property disposals and impairment charges fluctuated but overall increased toward the end of the period.
- Working Capital Components
- Accounts receivable showed irregular movements with significant increases and decreases, causing volatility in cash flows. Merchandise inventories demonstrated extreme fluctuations, with sharp increases and decreases often exceeding $1 billion, revealing variable inventory management or demand swings. Accounts payable and accrued expenses also fluctuated widely, with some quarters showing large increases, indicating possible strategic management of payables and liabilities.
- Cash Flows from Operating Activities
- Operating cash flow mirrored net income trends but with more pronounced volatility. After a peak of $2,193 million in early 2020, it plunged to negative $3,160 million during mid-2020, likely due to operational disruptions. It recovered strongly thereafter, reaching highs near $2,800 million in early 2024, with intermittent declines reflecting changing working capital requirements and market conditions.
- Investing Activities
- Investment activities predominantly involved property additions, which consistently ranged between approximately $230 million and $530 million per quarter, showing ongoing capital expenditure commitments. Purchases and sales of investments were relatively minor in comparison, with occasional equity investment outflows noted beyond 2024.
- Financing Activities
- Financing activities were highly variable with significant inflows from long-term debt issuance in early 2020 amounting to nearly $5 billion, subsequently followed by substantial debt repayments and revolving credit payments. Repurchases of common stock were consistently sizeable, reflecting an ongoing return of capital strategy, while cash dividends remained stable but gradually increased over time. Issuance of common stock fluctuated without a clear trend.
- Cash Position and Exchange Rate Effects
- Cash and cash equivalents experienced large swings, with significant increases during mid-2020 and early 2021 contrasted by periods of sharp declines, particularly in 2021 and 2022. Exchange rate effects were generally modest but occasionally contributed to cash volatility.
- Overall Financial Health Insights
- The data indicates a company resilient to external shocks with quick recovery from operational setbacks seen around early 2020. The strong net income and operating cash inflows in later periods suggest effective management and growth strategies after the initial disruption. However, the wide fluctuations in working capital and cash flows suggest continued exposure to market or operational variability. Capital expenditures and shareholder returns through dividends and stock repurchases remained priorities, supported by strategic financing activities.