TJ Maxx 2015 Annual Report Download - page 64

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The TJX Companies, Inc.
CONSOLIDATED STATEMENTS OF INCOME
Fiscal Year Ended
Amounts in thousands
except per share amounts
January 30,
2016
January 31,
2015
February 1,
2014
Net sales $30,944,938 $29,078,407 $27,422,696
Cost of sales, including buying and occupancy costs 22,034,523 20,776,522 19,605,037
Selling, general and administrative expenses 5,205,715 4,695,384 4,467,089
Loss on early extinguishment of debt —16,830 —
Interest expense, net 46,400 39,787 31,081
Income before provision for income taxes 3,658,300 3,549,884 3,319,489
Provision for income taxes 1,380,642 1,334,756 1,182,093
Net income $ 2,277,658 $ 2,215,128 $ 2,137,396
Basic earnings per share:
Net income $ 3.38 $ 3.20 $ 3.00
Weighted average common shares – basic 673,484 692,691 713,470
Diluted earnings per share:
Net income $ 3.33 $ 3.15 $ 2.94
Weighted average common shares – diluted 683,251 703,545 726,376
Cash dividends declared per share $ 0.84 $ 0.70 $ 0.58
The accompanying notes are an integral part of the financial statements.
F-3