TJ Maxx 1997 Annual Report Download - page 2

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T h e T J X C o m p a n i e s , I n c .
C O N S O L I D A T E D B A L A N C E S H E E T S
J a n u a r y 31, J a n u a r y 25,
In Thousands 1 9 9 8 1 9 9 7
A s s e t s
C u rrent assets:
Cash and cash equivalents $ 4 0 4 , 3 6 9 $ 474,732
Accounts re c e i v a b l e 6 0 , 7 3 5 5 7 , 2 7 5
M e rchandise inventories 1 , 1 9 0 , 1 7 0 1 , 0 5 9 , 5 0 5
P repaid expenses 2 7 , 3 5 7 1 6 , 3 7 9
Net current assets of discontinued operations – 5 4 , 4 5 1
Total current assets 1 , 6 8 2 , 6 3 1 1 , 6 6 2 , 3 4 2
P ro p e rty at cost:
Land and buildings 1 0 8 , 7 2 9 1 0 3 , 0 6 7
Leasehold costs and impro v e m e n t s 4 8 0 , 9 6 4 4 2 8 , 8 3 6
F u rn i t u re, fixtures and equipment 6 1 1 , 4 7 0 5 2 7 , 7 1 0
1 , 2 0 1 , 1 6 3 1 , 0 5 9 , 6 1 3
Less: accumulated depreciation and amort i z a t i o n 5 1 5 , 0 2 7 4 1 9 , 1 2 9
6 8 6 , 1 3 6 6 4 0 , 4 8 4
Other assets 3 6 , 6 4 5 4 2 , 2 5 9
Goodwill and tradename, net of amort i z a t i o n 2 0 4 , 2 2 0 2 1 6 , 1 2 7
Total Assets $ 2 , 6 0 9 , 6 3 2 $ 2 , 5 6 1 , 2 1 2
L i a b i l i t i e s
C u rrent liabilities:
C u rrent installments of long-term debt $ 2 3 , 3 6 0 $ 27,140
Accounts payable 5 8 2 , 7 9 1 5 3 3 , 9 4 5
A c c rued expenses and other current liabilities 6 1 1 , 5 0 6 6 2 1 , 2 1 1
Total current liabilities 1 , 2 1 7 , 6 5 7 1 , 1 8 2 , 2 9 6
L o n g - t e rm debt, exclusive of current installments 2 2 1 , 0 2 4 2 4 4 , 4 1 0
D e f e rred income taxes 6 , 8 5 9 7 , 3 2 0
S h a r e h o l d e r s ’ E q u i t y
P re f e rred stock at face value, authorized 5,000,000 shares, par value $1,
issued and outstanding cumulative convertible stock of:
727,300 and 1,500,000 shares of 7% Series E 7 2 , 7 3 0 1 5 0 , 0 0 0
Common stock, authorized 300,000,000 shares, par value $1,
issued and outstanding 159,901,247 and 79,576,438 share s 1 5 9 , 9 0 1 7 9 , 5 7 6
Additional paid-in capital 2 0 2 , 0 5 3 4 2 9 , 0 1 7
Retained earn i n g s 7 2 9 , 4 0 8 4 6 8 , 5 9 3
Total shareholders’ equity 1 , 1 6 4 , 0 9 2 1 , 1 2 7 , 1 8 6
Total Liabilities and Shareholders’ Equity $ 2 , 6 0 9 , 6 3 2 $ 2 , 5 6 1 , 2 1 2
The accompanying notes are an integral part of the financial statements.
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