TJ Maxx 2014 Annual Report Download - page 65

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The TJX Companies, Inc.
CONSOLIDATED STATEMENTS OF INCOME
Fiscal Year Ended
Amounts in thousands
except per share amounts
January 31,
2015
February 1,
2014
February 2,
2013
(53 weeks)
Net sales $29,078,407 $27,422,696 $25,878,372
Cost of sales, including buying and occupancy costs 20,776,522 19,605,037 18,521,400
Selling, general and administrative expenses 4,695,384 4,467,089 4,250,446
Loss on early extinguishment of debt 16,830 ——
Interest expense, net 39,787 31,081 29,175
Income before provision for income taxes 3,549,884 3,319,489 3,077,351
Provision for income taxes 1,334,756 1,182,093 1,170,664
Net income $ 2,215,128 $ 2,137,396 $ 1,906,687
Basic earnings per share:
Net income $ 3.20 $ 3.00 $ 2.60
Weighted average common shares – basic 692,691 713,470 733,588
Diluted earnings per share:
Net income $ 3.15 $ 2.94 $ 2.55
Weighted average common shares – diluted 703,545 726,376 747,555
Cash dividends declared per share $ 0.70 $ 0.58 $ 0.46
The accompanying notes are an integral part of the financial statements.
F-3