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QUESTION: Select two liquidity, two profitability and two debt/leverage financial ratios and complete. ITEM 6. Selected Financial Data 2018(6) Fiscal Year Ended February 1, February

QUESTION: Select two liquidity, two profitability and two debt/leverage financial ratios and complete. image text in transcribed

ITEM 6. Selected Financial Data 2018(6) Fiscal Year Ended February 1, February 2, February 3, January 28, January 30, U.S. dollars in millions, except per share amounts 2020 20190) 2013(a) 2016 (53 Weeks) Income statement and per share data: Net sales S 41,717 $ 38,973 $ 35,865 $ 33,184 $ 30,945 Net income S 3,272 3,060 $ 2,608 $ 2,298 $ 2.278 Weighted average common shares for diluted earnings per share calculation (in thousands) 1,226,519 1,259,252 1,292,209 1,328,864 1,366,502 Diluted earnings per share S 2.67 $ 2.43 $ 2.02 $ 1.73 $ 1.67 Cash dividends declared per share $ 0.92 $ 0.78 $ 0.625 $ 0.52 $ 0.42 Balance sheet data: Cash and cash equivalents $ 3,217 S 3,030 $ 2,758 $ 2,930 $ 2,095 Working capital) $ 1,740 S 2,938 $ 3,360 S 2,993 $ 2,370 Total assets $ 24,145 $ 14,326 $ 14.058 $ 12,884 $ 11,490 Capital expenditures S 1,223 $ 1,125 $ 1,058 $ 1,025 $ 889 Long-term obligations), (d) S 10,053 $ 2.234 $ 2.231 S 2.228 $ 1,615 Shareholders' equity S 5,948 $ 5,049 $ 5,148 $ 4,511 $ 4,307 Other financial data: After-tax return on average shareholders' equity 59.5 % 60.1 % 54.0 % 52.1 % 53.1 % Total debt as a percentage of total capitalization' 27.3 % 30.7 % 30.2 % 33.1 % 27.3 % Stores in operation 4,529 4,306 4,070 3,812 3,614 Selling square footage in thousands) 94,648 91,075 87,548 83,798 80,480 (a) Fiscal 2019 and Fiscal 2017 include a pension settlement charge and Fiscal 2017 includes a loss on early extinguishment of debt. (b) Fiscal 2018 includes an impairment charge of $99.3 million and a net benefit from the enactment of the 2017 Tax Act. (c) On February 3, 2019, we adopted ASU 2016-02, Leases (Topic 842) using the modified retrospective method under ASU 2018-11, allowing us to not restate our prior period Consolidated Balance Sheets to reflect the new guidance. The adoption of the new lease standard significantly increased assets and current and long term liabilities on our Consolidated Balance Sheets as we recorded operating lease right of use assets and corresponding operating lease liabilities. For additional information, see Note L - Leases of Notes of Consolidated Financial Statements, (d) Defined as long-term debt, exclusive of current installments, and in fiscal 2020 inclusive of long term operating lease liability. (e) Defined as shareholders' equity, short-term debt, and long-term debt including current maturities and in fiscal 2020 exclusive of operating lease liabilities) ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations TJX provides projections and other forward-looking statements in the following discussions particularly relating to the Company's future financial performance. These forward-looking statements are estimates based on information currently available to the Company, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and subject to the cautionary statements set forth on page 2 of this Form 10-K. The Company's results are subject to risks and uncertainties including, but not limited to, those described in Part I, Item 1A, Risk Factors, and those identified from time to time in our other filings with the Securities and Exchange Commission. TJX undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise. The discussion that follows relates to our 52-week fiscal year ended February 1, 2020 (fiscal 2020) and our 52-week fiscal year ended February 2, 2019 (fiscal 2019). The following is a discussion of our consolidated operating results, followed by a discussion of our segment operating results. Discussions of fiscal 2018 items and year-to-year comparisons between fiscal 2019 and fiscal 2018 that are not included in this Form 10-K can be found in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of our annual report on Form 10-K for the fiscal year ended February 2, 2019. ITEM 6. Selected Financial Data 2018(6) Fiscal Year Ended February 1, February 2, February 3, January 28, January 30, U.S. dollars in millions, except per share amounts 2020 20190) 2013(a) 2016 (53 Weeks) Income statement and per share data: Net sales S 41,717 $ 38,973 $ 35,865 $ 33,184 $ 30,945 Net income S 3,272 3,060 $ 2,608 $ 2,298 $ 2.278 Weighted average common shares for diluted earnings per share calculation (in thousands) 1,226,519 1,259,252 1,292,209 1,328,864 1,366,502 Diluted earnings per share S 2.67 $ 2.43 $ 2.02 $ 1.73 $ 1.67 Cash dividends declared per share $ 0.92 $ 0.78 $ 0.625 $ 0.52 $ 0.42 Balance sheet data: Cash and cash equivalents $ 3,217 S 3,030 $ 2,758 $ 2,930 $ 2,095 Working capital) $ 1,740 S 2,938 $ 3,360 S 2,993 $ 2,370 Total assets $ 24,145 $ 14,326 $ 14.058 $ 12,884 $ 11,490 Capital expenditures S 1,223 $ 1,125 $ 1,058 $ 1,025 $ 889 Long-term obligations), (d) S 10,053 $ 2.234 $ 2.231 S 2.228 $ 1,615 Shareholders' equity S 5,948 $ 5,049 $ 5,148 $ 4,511 $ 4,307 Other financial data: After-tax return on average shareholders' equity 59.5 % 60.1 % 54.0 % 52.1 % 53.1 % Total debt as a percentage of total capitalization' 27.3 % 30.7 % 30.2 % 33.1 % 27.3 % Stores in operation 4,529 4,306 4,070 3,812 3,614 Selling square footage in thousands) 94,648 91,075 87,548 83,798 80,480 (a) Fiscal 2019 and Fiscal 2017 include a pension settlement charge and Fiscal 2017 includes a loss on early extinguishment of debt. (b) Fiscal 2018 includes an impairment charge of $99.3 million and a net benefit from the enactment of the 2017 Tax Act. (c) On February 3, 2019, we adopted ASU 2016-02, Leases (Topic 842) using the modified retrospective method under ASU 2018-11, allowing us to not restate our prior period Consolidated Balance Sheets to reflect the new guidance. The adoption of the new lease standard significantly increased assets and current and long term liabilities on our Consolidated Balance Sheets as we recorded operating lease right of use assets and corresponding operating lease liabilities. For additional information, see Note L - Leases of Notes of Consolidated Financial Statements, (d) Defined as long-term debt, exclusive of current installments, and in fiscal 2020 inclusive of long term operating lease liability. (e) Defined as shareholders' equity, short-term debt, and long-term debt including current maturities and in fiscal 2020 exclusive of operating lease liabilities) ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations TJX provides projections and other forward-looking statements in the following discussions particularly relating to the Company's future financial performance. These forward-looking statements are estimates based on information currently available to the Company, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and subject to the cautionary statements set forth on page 2 of this Form 10-K. The Company's results are subject to risks and uncertainties including, but not limited to, those described in Part I, Item 1A, Risk Factors, and those identified from time to time in our other filings with the Securities and Exchange Commission. TJX undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise. The discussion that follows relates to our 52-week fiscal year ended February 1, 2020 (fiscal 2020) and our 52-week fiscal year ended February 2, 2019 (fiscal 2019). The following is a discussion of our consolidated operating results, followed by a discussion of our segment operating results. Discussions of fiscal 2018 items and year-to-year comparisons between fiscal 2019 and fiscal 2018 that are not included in this Form 10-K can be found in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of our annual report on Form 10-K for the fiscal year ended February 2, 2019

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