TJ Maxx 2006 Annual Report Download - page 66

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The TJX Companies, Inc.
CONSOLIDATED STATEMENTS OF INCOME
Amounts In Thousands Except Per Share Amounts
January 27,
2007
January 28,
2006
January 29,
2005
Fiscal Year Ended
Net sales $17,404,637 $15,955,943 $14,860,746
Cost of sales, including buying and occupancy costs 13,213,703 12,214,671 11,357,391
Selling, general and administrative expenses 2,928,520 2,703,271 2,487,804
Interest expense, net 15,566 29,632 25,757
Income from continuing operations before provision for income taxes 1,246,848 1,008,369 989,794
Provision for income taxes 470,092 318,535 379,577
Income from continuing operations 776,756 689,834 610,217
Discontinued operations:
Loss on disposal of discontinued operations, net of income taxes (38,110) --
Income (loss) of discontinued operations, net of income taxes (607) 589 (518)
Net income $ 738,039 $ 690,423 $ 609,699
Basic earnings per share:
Income from continuing operations $ 1.71 $ 1.48 $ 1.25
(Loss) from discontinued operations, net of income taxes $ (0.08) $-$-
Net income $ 1.63 $ 1.48 $ 1.25
Weighted average common shares — basic 454,044 466,537 488,809
Diluted earnings per share:
Income from continuing operations $ 1.63 $ 1.41 $ 1.21
(Loss) from discontinued operations, net of income taxes $ (0.08) $-$-
Net income $ 1.55 $ 1.41 $ 1.21
Weighted average common shares — diluted 480,045 491,500 509,661
Cash dividends declared per share $ 0.28 $ 0.24 $ 0.18
The accompanying notes are an integral part of the financial statements.
F-4