TJ Maxx 2006 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2006 TJ Maxx annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

The TJX Companies, Inc.
CONSOLIDATED BALANCE SHEETS
In Thousands
January 27,
2007
January 28,
2006
Fiscal Year Ended
ASSETS
Current assets:
Cash and cash equivalents $ 856,669 $ 465,649
Accounts receivable, net 115,245 140,747
Merchandise inventories 2,581,969 2,365,861
Prepaid expenses and other current assets 159,105 158,624
Current deferred income taxes, net 35,825 9,246
Total current assets 3,748,813 3,140,127
Property at cost:
Land and buildings 268,056 260,556
Leasehold costs and improvements 1,628,867 1,493,747
Furniture, fixtures and equipment 2,373,117 2,177,614
Total property at cost 4,270,040 3,931,917
Less accumulated depreciation and amortization 2,251,579 1,941,020
Net property at cost 2,018,461 1,990,897
Property under capital lease, net of accumulated amortization of
$12,657 and $10,423, respectively 19,915 22,149
Non-current deferred income taxes, net -6,395
Other assets 115,613 153,312
Goodwill and tradename, net of amortization 182,898 183,425
TOTAL ASSETS $6,085,700 $5,496,305
LIABILITIES
Current liabilities:
Obligation under capital lease due within one year $ 1,854 $ 1,712
Accounts payable 1,372,352 1,313,472
Accrued expenses and other liabilities 1,008,774 936,667
Total current liabilities 2,382,980 2,251,851
Other long-term liabilities 583,047 544,650
Non-current deferred income taxes, net 21,525 -
Obligation under capital lease, less portion due within one year 22,382 24,236
Long-term debt, exclusive of current installments 785,645 782,914
Commitments and contingencies --
SHAREHOLDERS’ EQUITY
Common stock, authorized 1,200,000,000 shares,
par value $1, issued and outstanding 453,649,813 and
460,967,060, respectively 453,650 460,967
Additional paid-in capital --
Accumulated other comprehensive income (loss) (33,989) (44,296)
Retained earnings 1,870,460 1,475,983
Total shareholders’ equity 2,290,121 1,892,654
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $6,085,700 $5,496,305
The accompanying notes are an integral part of the financial statements.
F-5