TJ Maxx 2014 Annual Report Download - page 39

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ITEM 6. Selected Financial Data
Dollars in millions Fiscal Year Ended
except per share amounts 2015 2014 2013 2012 2011
(53 Weeks)
Income statement and per share data:
Net sales $ 29,078 $ 27,423 $ 25,878 $ 23,191 $ 21,942
Income from continuing operations $ 2,215 $ 2,137 $ 1,907 $ 1,496 $ 1,340
Weighted average common shares for diluted
earnings per share calculation (in thousands)(1) 703,545 726,376 747,555 773,772 812,826
Diluted earnings per share from continuing
operations(1) $ 3.15 $ 2.94 $ 2.55 $ 1.93 $ 1.65
Cash dividends declared per share(1) $ 0.70 $ 0.58 $ 0.46 $ 0.38 $ 0.30
Balance sheet data:
Cash and cash equivalents $ 2,494 $ 2,150 $ 1,812 $ 1,507 $ 1,742
Working capital $ 2,785 $ 2,550 $ 1,951 $ 2,069 $ 1,966
Total assets $ 11,128 $ 10,201 $ 9,512 $ 8,282 $ 7,972
Capital expenditures $ 912 $ 947 $ 978 $ 803 $ 707
Long-term obligations(2) $ 1,624 $ 1,274 $ 775 $ 785 $ 788
Shareholders’ equity $ 4,264 $ 4,230 $ 3,666 $ 3,209 $ 3,100
Other financial data:
After-tax return (continuing operations) on average
shareholders’ equity 52.2% 54.1% 55.5% 47.4% 44.7%
Total debt as a percentage of total capitalization(3) 27.6% 23.2% 17.4% 19.7% 20.3%
Stores in operation:
In the United States:
T.J. Maxx 1,119 1,079 1,036 983 923
Marshalls 975 942 904 884 830
Sierra Trading Post 644——
HomeGoods 487 450 415 374 336
A.J. Wright(4) ————142
In Canada:
Winners 234 227 222 216 215
HomeSense 96 91 88 86 82
Marshalls 38 27 14 6 —
In Europe:
T.K. Maxx 407 371 343 332 307
HomeSense 33 28 24 24 24
Total 3,395 3,219 3,050 2,905 2,859
Selling square footage (in thousands):
In the United States:
T.J. Maxx 25,461 24,712 23,894 22,894 21,611
Marshalls 23,715 23,092 22,380 22,042 20,912
Sierra Trading Post 122 83 83 — —
HomeGoods 9,537 8,865 8,210 7,391 6,619
A.J. Wright(4) —— — — 2,874
In Canada:
Winners 5,310 5,196 5,115 5,008 4,966
HomeSense 1,824 1,748 1,698 1,670 1,594
Marshalls 914 666 363 162 —
In Europe:
T.K. Maxx 9,109 8,383 7,830 7,588 7,052
HomeSense 545 464 411 402 402
Total 76,537 73,209 69,984 67,157 66,030
(1) Fiscal 2011 has been adjusted to reflect the two-for-one stock split effected in February 2012.
(2) Includes long-term debt, exclusive of current installments and capital lease obligation, less portion due within one year.
(3) Total capitalization includes shareholders’ equity, short-term debt, long-term debt and capital lease obligation, including current maturities.
(4) As a result of the consolidation of the A.J. Wright chain, all A.J. Wright stores ceased operations by the end of February 2011.
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