The TJX Companies Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 1, 2025	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022	Jan '21 Jan 30, 2021
Net Income	5,119	4,864	4,474	3,498	3,283	90
Depreciation & Amortization	1,229	1,104	964	887	868	871
Loss (Gain) From Sale of Assets	24	10	61	23	9	84
Loss (Gain) From Sale of Investments	-	-	-	218	-	-
Stock-Based Compensation	183	183	160	122	189	59
Other Operating Activities	-58	-72	-49	157	180	37
Change in Accounts Receivable	-51	-26	37	-51	-61	-71
Change in Inventory	-975	-539	-145	58	-1,658	589
Change in Accounts Payable	330	448	64	-600	-338	2,111
Change in Income Taxes	247	-41	106	-131	22	64
Change in Other Net Operating Assets	373	185	385	-97	563	728
Operating Cash Flow	6,421	6,116	6,057	4,084	3,057	4,562
Operating Cash Flow Growth	3.36%	0.97%	48.31%	33.60%	-32.99%	12.18%
Capital Expenditures	-2,003	-1,918	-1,722	-1,457	-1,045	-568
Investment in Securities	-377	-559	5	-13	-1	-11
Investing Cash Flow	-2,380	-2,477	-1,717	-1,470	-1,046	-579
Long-Term Debt Issued	-	-	-	-	-	5,987
Long-Term Debt Repaid	-	-	-500	-	-2,976	-2,418
Net Debt Issued (Repaid)	-	-	-500	-	-2,976	3,569
Issuance of Common Stock	308	366	285	321	229	211
Repurchase of Common Stock	-2,590	-2,513	-2,484	-2,255	-2,176	-202
Common Dividends Paid	-1,793	-1,648	-1,484	-1,339	-1,252	-278
Other Financing Activities	-65	-43	-32	-33	-25	-72
Financing Cash Flow	-4,140	-3,838	-4,215	-3,306	-6,200	3,228
Foreign Exchange Rate Adjustments	21	-66	-2	-58	-54	42
Net Cash Flow	-78	-265	123	-750	-4,243	7,253
Free Cash Flow	4,418	4,198	4,335	2,627	2,012	3,994
Free Cash Flow Growth	1.19%	-3.16%	65.02%	30.57%	-49.62%	40.46%
Free Cash Flow Margin	7.49%	7.45%	8.00%	5.26%	4.14%	12.43%
Free Cash Flow Per Share	3.91	3.68	3.74	2.23	1.66	3.29
Cash Interest Paid	74	74	80	86	139	153
Cash Income Tax Paid	1,632	1,632	1,432	1,225	1,119	146
Levered Free Cash Flow	3,411	3,209	3,527	1,894	1,662	3,646
Unlevered Free Cash Flow	3,456	3,257	3,576	1,947	1,736	3,767
Change in Working Capital	-76	27	447	-821	-1,472	3,421

Source: S&P Global Market Intelligence. Standard template. Financial Sources.