TJ Maxx 2004 Annual Report Download - page 83

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Presented below is selected financial information related to our business segments:
Fiscal Year Ended
January 29, January 31, January 25,
In Thousands 2005 2004 2003
(53 Weeks)
Net sales:
Marmaxx $10,489,478 $9,937,206 $ 9,485,582
Winners and HomeSense 1,285,439 1,076,333 793,202
T.K. Maxx 1,304,443 992,187 720,141
HomeGoods 1,012,923 876,536 705,072
A.J. Wright 530,643 421,604 277,210
Bob’s Stores (1) 290,557 24,072 -
$14,913,483 $13,327,938 $11,981,207
Segment profit (loss): (2)
Marmaxx $ 1,023,524 $ 961,632 $ 887,944
Winners and HomeSense 108,884 106,745 85,301
T.K. Maxx 70,724 59,059 43,044
HomeGoods 23,132 49,836 32,128
A.J. Wright (15,032) 1,692 (12,566)
Bob’s Stores (1) (17,269) (4,970) -
1,193,963 1,173,994 1,035,851
General corporate expense 88,513 78,416 72,754
Interest expense, net 25,757 27,252 25,373
Income before provision for income taxes $ 1,079,693 $ 1,068,326 $ 937,724
Identifiable assets:
Marmaxx $ 2,972,526 $ 2,677,291 $ 2,394,911
Winners and HomeSense 422,215 315,765 203,318
T.K. Maxx 588,170 447,080 335,878
HomeGoods 326,964 291,967 216,515
A.J. Wright 218,788 182,360 133,221
Bob’s Stores (1) 83,765 77,384 -
Corporate (3) 463,045 404,920 656,646
$ 5,075,473 $ 4,396,767 $ 3,940,489
Capital expenditures:
Marmaxx $ 224,460 $ 234,667 $ 255,142
Winners and HomeSense 52,214 40,141 34,756
T.K. Maxx 92,170 56,852 38,349
HomeGoods 18,782 45,301 23,270
A.J. Wright 31,767 31,863 45,207
Bob’s Stores (1) 9,740 213 -
$ 429,133 $ 409,037 $ 396,724
Depreciation and amortization:
Marmaxx $ 169,020 $ 154,666 $ 141,994
Winners and HomeSense 24,883 19,956 13,913
T.K. Maxx 35,727 26,840 20,656
HomeGoods 20,881 17,254 15,107
A.J. Wright 14,356 10,128 7,088
Bob’s Stores (1) 5,894 727 -
Corporate (4) 8,298 8,814 9,118
$ 279,059 $ 238,385 $ 207,876
(1) Bob’s Stores results for fiscal year ended January 31, 2004 are for the period following its acquisition on December 24, 2003.
(2) A one-time, non-cash charge was recorded in the fiscal year ended January 29, 2005 to conform accounting policies with generally accepted accounting principles
related to the timing of rent expense. This change resulted in a one-time, cumulative, pre-tax adjustment of $30.7 million. See Note A at ‘‘Lease Accounting.’’
(3) Corporate identifiable assets consist primarily of cash, prepaid pension expense and a note receivable.
(4) Includes debt discount and debt expense amortization.
F-29