TJ Maxx 2009 Annual Report Download - page 95

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Presented below is selected financial information related to our business segments:
In thousands
January 30,
2010
January 31,
2009
January 26,
2008
Fiscal Year Ended
(53 weeks)
Net sales:
(1)
In the United States
Marmaxx $13,270,863 $12,362,122 $11,966,651
HomeGoods 1,794,409 1,578,286 1,480,382
A.J. Wright 779,811 677,597 632,661
TJX Canada 2,167,912 2,139,443 2,040,814
TJX Europe 2,275,449 2,242,057 2,216,218
$20,288,444 $18,999,505 $18,336,726
Segment profit (loss):
(1)
In the United States
Marmaxx $ 1,588,452 $ 1,155,838 $ 1,158,179
HomeGoods 137,525 42,370 76,224
A.J. Wright 12,565 2,862 (1,801)
TJX Canada 254,974 236,086 235,128
TJX Europe 163,969 137,612 127,218
2,157,485 1,574,768 1,594,948
General corporate expense 166,414 140,037 139,437
Provision for Computer Intrusion related costs
(2)
—(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
Identifiable assets:
In the United States
Marmaxx $ 3,340,745 $ 3,538,663 $ 3,407,240
HomeGoods 415,230 455,045 435,605
A.J. Wright 269,190 242,657 204,808
TJX Canada 762,338 609,363 659,004
TJX Europe 861,122 675,283 847,107
Discontinued operations
(1)
—— 87,291
Corporate
(3)
1,815,352 657,231 958,879
$ 7,463,977 $ 6,178,242 $ 6,599,934
Capital expenditures:
In the United States
Marmaxx $ 214,308 $ 328,965 $ 287,558
HomeGoods 25,769 47,519 50,062
A.J. Wright 34,285 19,098 15,425
TJX Canada 38,960 61,486 40,928
TJX Europe 115,960 122,902 127,646
Discontinued operations
(1)
—2,962 5,368
$ 429,282 $ 582,932 $ 526,987
Depreciation and amortization:
In the United States
Marmaxx $ 262,901 $ 241,940 $ 215,439
HomeGoods 32,876 28,892 24,261
A.J. Wright 19,542 16,298 15,296
TJX Canada 49,105 43,527 42,418
TJX Europe 67,783 59,949 56,163
Discontinued operations
(1)
—2,610 7,361
Corporate
(4)
3,011 8,491 8,458
$ 435,218 $ 401,707 $ 369,396
(1) Fiscal 2009 and 2008 adjusted to reclassify the results of operations from Bob’s Stores through the date of sale to discontinued operations.
(2) TJX has incurred losses as a result of the Computer Intrusion. In the second quarter of fiscal 2008, TJX established a pre-tax reserve of $178.1 million to reflect its estimation
of probable losses. TJX reduced the reserve by $30.5 million in fiscal 2009 and $18.9 million in fiscal 2008.
(3) Corporate identifiable assets consist primarily of cash, receivables, prepaid insurance, a note receivable, and reflects the increase in cash from fiscal 2009 to fiscal 2010 and the
decrease in cash from fiscal 2008 to fiscal 2009.
(4) Includes debt discount and debt expense amortization.
F-32