On Nov. 14, TJX Companies
- The balance sheet remains strong, and working capital accounts (accounts receivable, accounts payable, and inventory) continue to track sales growth.
- Free cash flow continues to improve dramatically over last year as the company becomes more judicious in its expansion.
- Same-store sales increased by 6% and 76 stores were added in Q3.
- TJX has a total of 48 ratings in CAPS, with 90% of the ratings giving TJX a thumbs up.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q3 2006 | Q3 2005 | Change | |
---|---|---|---|
Sales | $4,501,073 | $4,041,912 | 11.4% |
Net Profit | $230,612 | $155,325 | 48.5% |
EPS | $0.48 | $0.32 | 50.0% |
Diluted Shares | 479,491 | 486,495 | (1.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 | Q3 2005 | Change* | |
---|---|---|---|
Gross Margin | 25.42% | 24.00% | 1.42 |
Operating Margin | 8.49% | 6.62% | 1.87 |
Net Margin | 5.12% | 3.84% | 1.28 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
---|---|---|---|
Cash + ST Invest. | $341,600 | $201,019 | 69.9% |
Accounts Rec. | $335,400 | $395,800 | (15.3%) |
Inventory | $3,246,300 | $2,913,469 | 11.4% |
Liabilities | Q3 2006 | Q3 2005 | Change |
---|---|---|---|
Accounts Payable | $1,717,100 | $1,473,777 | 16.5% |
Long-Term Debt | $794,700 | $576,038 | 38.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q3 2006 | Q3 2005 | Change | |
---|---|---|---|
Cash From Ops. | $476,800 | $506,600 | (5.9%) |
Capital Expenditures | $291,800 | $401,500 | (27.3%) |
Free Cash Flow | $185,000 | $105,100 | 76.0% |
Find out why Fools always follow the money.
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At the time of publication,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.