TJ Maxx 2015 Annual Report Download - page 40

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ITEM 6. Selected Financial Data
Dollars in millions
except per share amounts
Fiscal Year Ended
January 30,
2016
January 31,
2015
February 1,
2014
February 2,
2013
January 28,
2012
(53 Weeks)
Income statement and per share data:
Net sales $ 30,945 $ 29,078 $ 27,423 $ 25,878 $ 23,191
Income from continuing operations $ 2,278 $ 2,215 $ 2,137 $ 1,907 $ 1,496
Weighted average common shares for diluted
earnings per share calculation (in thousands) 683,251 703,545 726,376 747,555 773,772
Diluted earnings per share from continuing
operations $ 3.33 $ 3.15 $ 2.94 $ 2.55 $ 1.93
Cash dividends declared per share $ 0.84 $ 0.70 $ 0.58 $ 0.46 $ 0.38
Balance sheet data:
Cash and cash equivalents $ 2,095 $ 2,494 $ 2,150 $ 1,812 $ 1,507
Working capital(1) $ 2,370 $ 2,648 $ 2,449 $ 1,855 $ 1,963
Total assets(1) $ 11,499 $ 10,989 $ 10,098 $ 9,422 $ 8,180
Capital expenditures $ 912 $ 912 $ 947 $ 978 $ 803
Long-term obligations(2) $ 1,624 $ 1,624 $ 1,274 $ 775 $ 785
Shareholders’ equity $ 4,307 $ 4,264 $ 4,230 $ 3,666 $ 3,209
Other financial data:
After-tax return on average shareholders’ equity 53.1% 52.2% 54.1% 55.5% 47.4%
Total debt as a percentage of total capitalization(3) 27.4% 27.6% 23.2% 17.4% 19.7%
Stores in operation:
In the United States:
T.J. Maxx 1,156 1,119 1,079 1,036 983
Marshalls 1,007 975 942 904 884
Sierra Trading Post 8644—
HomeGoods 526 487 450 415 374
In Canada:
Winners 245 234 227 222 216
HomeSense 101 96 91 88 86
Marshalls 41 38 27 14 6
In Europe:
T.K. Maxx 456 407 371 343 332
HomeSense 39 33 28 24 24
In Australia:
Trade Secret 35 ————
Total 3,614 3,395 3,219 3,050 2,905
Selling square footage (in thousands):
In the United States:
T.J. Maxx 26,158 25,461 24,712 23,894 22,894
Marshalls 24,308 23,715 23,092 22,380 22,042
Sierra Trading Post 159 122 83 83 —
HomeGoods 10,234 9,537 8,865 8,210 7,391
In Canada:
Winners 5,470 5,310 5,196 5,115 5,008
HomeSense 1,900 1,824 1,748 1,698 1,670
Marshalls 975 914 666 363 162
In Europe:
T.K. Maxx 9,970 9,109 8,383 7,830 7,588
HomeSense 639 545 464 411 402
In Australia:
Trade Secret 667 ————
Total 80,480 76,537 73,209 69,984 67,157
(1) Amounts adjusted to reflect the reclassification of current deferred tax assets and liabilities to noncurrent in accordance with ASU 2015-17.
We reclassified $138 million, $102 million, $96 million and $106 million of net deferred tax assets from current to noncurrent at January 31,
2015, February 1, 2014, February 2, 2013 and January 28, 2012, respectively. See “Note A: Summary of Accounting Policies” within Item 8 of
this Form 10-K for additional information.
(2) Includes long-term debt, exclusive of current installments and capital lease obligations, less the portion due within one year.
(3) Total capitalization includes shareholders’ equity, short-term debt, long-term debt and capital lease obligations, including current maturities.
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