TJ Maxx 2009 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 30,
2010
January 31,
2009
January 26,
2008
(53 weeks)
Fiscal Year Ended
Net sales $20,288,444 $18,999,505 $18,336,726
Cost of sales, including buying and occupancy costs 14,968,429 14,429,185 13,883,952
Selling, general and administrative expenses 3,328,944 3,135,589 2,997,263
Provision (credit) for Computer Intrusion related costs —(30,500) 197,022
Interest expense (income), net 39,509 14,291 (1,598)
Income from continuing operations before provision for
income taxes 1,951,562 1,450,940 1,260,087
Provision for income taxes 737,990 536,054 477,655
Income from continuing operations 1,213,572 914,886 782,432
(Loss) from discontinued operations, net of income taxes —(34,269) (10,682)
Net income $ 1,213,572 $ 880,617 $ 771,750
Basic earnings per share:
Income from continuing operations $ 2.90 $ 2.18 $ 1.77
(Loss) from discontinued operations, net of income taxes $—$ (0.08) $ (0.03)
Net income $ 2.90 $ 2.10 $ 1.74
Weighted average common shares—basic 417,796 419,076 443,050
Diluted earnings per share:
Income from continuing operations $ 2.84 $ 2.08 $ 1.68
(Loss) from discontinued operations, net of income taxes $—$ (0.08) $ (0.02)
Net income $ 2.84 $ 2.00 $ 1.66
Weighted average common shares—diluted 427,619 442,255 468,046
Cash dividends declared per share $ 0.48 $ 0.44 $ 0.36
The accompanying notes are an integral part of the financial statements.
F-3