TJ Maxx 2009 Annual Report Download - page 69

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The TJX Companies, Inc.
Consolidated Statements of Shareholders’ Equity
In thousands Shares
Par Value
$1
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings Total
Common Stock
Balance, January 27, 2007 453,650 $453,650 $ — $ (33,989) $1,870,460 $2,290,121
Comprehensive income:
Net income — — — — 771,750 771,750
Gain due to foreign currency translation adjustments — — — 20,998 — 20,998
(Loss) on net investment hedge contracts — — — (15,823) — (15,823)
(Loss) on cash flow hedge contracts — — — (1,526) — (1,526)
Recognition of prior service cost and gains (losses) — — — 1,393 — 1,393
Amount of cash flow hedge reclassified from other
comprehensive income to net income — — — 429 — 429
Total comprehensive income 777,221
Implementation of accounting for uncertain tax positions
(see note K) — — — — (27,178) (27,178)
Implementation of the measurement provisions relating to
retirement obligations (see note L) — — — (167) (1,641) (1,808)
Cash dividends declared on common stock — — — — (158,202) (158,202)
Amortization of share-based compensation expense — — 57,370 — — 57,370
Stock options repurchased by TJX — — (3,266) — — (3,266)
Issuance of common stock under stock incentive plan and
related tax effect 7,253 7,253 129,942 — — 137,195
Common stock repurchased (32,953) (32,953) (184,046) — (723,209) (940,208)
Balance, January 26, 2008 427,950 427,950 — (28,685) 1,731,980 2,131,245
Comprehensive income:
Net income — — — — 880,617 880,617
(Loss) due to foreign currency translation adjustments — — — (171,225) — (171,225)
Gain on net investment hedge contracts — — — 68,816 — 68,816
Recognition of prior service cost and gains (losses) — — — (1,206) — (1,206)
Recognition of unfunded post retirement liabilities — — — (86,158) — (86,158)
Amount of cash flow hedge reclassified from other
comprehensive income to net income — — — 677 — 677
Total comprehensive income 691,521
Cash dividends declared on common stock — — — — (183,694) (183,694)
Amortization of share-based compensation expense — — 51,229 — — 51,229
Issuance of common stock upon conversion of convertible
debt 1,717 1,717 39,326 — — 41,043
Stock options repurchased by TJX — — (987) — — (987)
Issuance of common stock under stock incentive plan and
related tax effect 7,439 7,439 147,858 — — 155,297
Common stock repurchased (24,284) (24,284) (237,426) — (489,387) (751,097)
Balance, January 31, 2009 412,822 412,822 — (217,781) 1,939,516 2,134,557
Comprehensive income:
Net income — — — — 1,213,572 1,213,572
Gain due to foreign currency translation adjustments — — — 76,678 — 76,678
Recognition of prior service cost and gains (losses) — — — 8,191 — 8,191
Recognition of unfunded post retirement liabilities — — — (1,212) — (1,212)
Total comprehensive income 1,297,229
Cash dividends declared on common stock — — — — (201,490) (201,490)
Amortization of share-based compensation expense — — 55,145 — — 55,145
Issuance of common stock upon conversion of convertible
debt 15,094 15,094 349,994 — — 365,088
Issuance of common stock under stock incentive plan and
related tax effect 8,329 8,329 175,180 — — 183,509
Common stock repurchased (26,859) (26,859) (580,319) — (337,584) (944,762)
Balance, January 30, 2010 409,386 $409,386 $ — $(134,124) $2,614,014 $2,889,276
The accompanying notes are an integral part of the financial statements.
F-6