TJ Maxx 2000 Annual Report Download - page 2

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Consolidated Statements of Income
Fiscal Year Ended
January 27, January 29, January 30,
Dollars In Thousands Except Per Share Amounts 2001 2000 1999
Net sales $9,579,006 $8,795,347 $7,949,101
Cost of sales, including buying and occupancy costs 7,188,124 6,579,400 5,957,415
Selling, general and administrative expenses 1,503,036 1,354,665 1,285,988
Interest expense, net 22,904 7,345 1,686
Income from continuing operations before income taxes
and cumulative effect of accounting change 864,942 853,937 704,012
Provision for income taxes 326,876 327,115 270,810
Income from continuing operations before
cumulative effect of accounting change 538,066 526,822 433,202
(Loss) from discontinued operations, net of income taxes ––(9,048)
Income before cumulative effect of accounting change 538,066 526,822 424,154
Cumulative effect of accounting change, net of income taxes –(5,154) –
Net income 538,066 521,668 424,154
Preferred stock dividends ––3,523
Net income available to common shareholders $ 538,066 $ 521,668 $ 420,631
BASIC EARNINGS PER SHARE:
Income from continuing operations before
cumulative effect of accounting change $1.87 $1.67 $1.35
Net income $1.87 $1.66 $1.32
Weighted average common shares — basic 287,440,637 314,577,145 318,073,081
DILUTED EARNINGS PER SHARE:
Income from continuing operations before
cumulative effect of accounting change $1.86 $1.66 $1.29
Net income $1.86 $1.64 $1.27
Weighted average common shares — diluted 289,196,228 317,790,764 334,647,950
Cash dividends declared per share $ .16 $ .14 $ .12
The accompanying notes are an integral part of the financial statements.
THE TJX COMPANIES, INC.
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