TJ Maxx 2004 Annual Report Download - page 58

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The TJX Companies, Inc.
Consolidated Balance Sheets
January 29, January 31,
In Thousands 2005 2004
Assets
Current assets:
Cash and cash equivalents $ 307,187 $ 246,403
Accounts receivable, net 119,611 90,902
Merchandise inventories 2,352,032 1,941,698
Prepaid expenses and other current assets 126,290 163,766
Current deferred income taxes, net -8,979
Total current assets 2,905,120 2,451,748
Property at cost:
Land and buildings 261,778 256,529
Leasehold costs and improvements 1,332,580 1,114,576
Furniture, fixtures and equipment 1,940,178 1,686,447
3,534,536 3,057,552
Less accumulated depreciation and amortization 1,697,791 1,444,231
1,836,745 1,613,321
Property under capital lease, net of accumulated amortization of $8,190 and $5,956,
respectively 24,382 26,616
Other assets 125,463 121,255
Goodwill and tradenames, net of accumulated amortization 183,763 183,827
Total Assets $5,075,473 $4,396,767
Liabilities
Current liabilities:
Current installments of long-term debt $ 99,995 $ 5,000
Obligation under capital lease due within one year 1,581 1,460
Accounts payable 1,276,035 960,382
Current deferred income taxes, net 2,354 -
Accrued expenses and other current liabilities 824,147 723,678
Total current liabilities 2,204,112 1,690,520
Other long-term liabilities 466,786 337,721
Non-current deferred income taxes, net 152,553 123,817
Obligation under capital lease, less portion due within one year 25,947 27,528
Long-term debt, exclusive of current installments 572,593 664,793
Commitments and contingencies --
Shareholders’ Equity
Common stock, authorized 1,200,000,000 shares, par value $1, issued and outstanding
480,699,154 and 499,181,639 shares, respectively 480,699 499,182
Additional paid-in capital --
Accumulated other comprehensive income (loss) (26,245) (13,584)
Unearned stock compensation (10,010) (12,310)
Retained earnings 1,209,038 1,079,100
Total shareholders’ equity 1,653,482 1,552,388
Total Liabilities and Shareholders’ Equity $5,075,473 $4,396,767
The accompanying notes are an integral part of the financial statements.
F-4