The tjx companies, Inc. Q4 and Full Year Fiscal Year 2022 Earnings Press Release

 
Inventory
Total inventories as of January 29, 2022 increased to $6.0 billion, compared with $4.9 billion at the end of Fiscal 
2020, primarily due to higher in-transit inventory. Overall availability of quality, branded merchandise in the 
marketplace remains excellent, and the Company is well positioned to flow fresh spring merchandise to its stores and 
online. 
 
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THE TJX COMPANIES, INC. REPORTS VERY STRONG U.S. OPEN-ONLY COMP STORE SALES 
GROWTH OF 13% FOR Q4 FY22 VS. Q4 FY20; FY22 U.S. OPEN-ONLY COMP SALES UP 17% VS. FY20; 
ANNOUNCES PLANS TO INCREASE DIVIDEND 13% AND BUY BACK $2.25 TO $2.50 BILLION OF 
STOCK 
Wednesday, February 23, 2022 
Page 4 
Cash and Shareholder Distributions 
For the full year Fiscal 2022, the Company generated $3.1 billion of operating cash flow and ended the year with 
$6.2 billion of cash.
During the fourth quarter, the Company returned a total of $1.4 billion to shareholders. The Company repurchased 
a total of $1.1 billion of TJX stock, retiring 15.2 million shares, and paid $310 million in shareholder dividends during 
the quarter. In Fiscal 2022, the Company returned a total of $3.4 billion to shareholders. In Fiscal 2022, the Company 
repurchased a total of $2.2 billion of TJX stock, retiring 31.5 million shares, and paid $1.25 billion in shareholder 
dividends. 
With the Company’s continued strong cash flow, TJX announced today that it intends to increase the regular 
quarterly dividend on its common stock expected to be declared in March 2022 and payable in June 2022 to $.295 per 
share, subject to the approval of the Company’s Board of Directors. This would represent a 13% increase over the 
current per share dividend. 
The Company is also announcing today its plan to repurchase approximately $2.25 to $2.50 billion of TJX stock 
during the fiscal year ending January 28, 2023. With $0.8 billion remaining at Fiscal 2022 year end under the 
Company’s existing stock repurchase programs, the Company’s Board of Directors approved a new stock repurchase 
program that authorizes the repurchase of up to an additional $3.0 billion of TJX common stock from time to time. The 
new authorization represents approximately 4% of the Company’s outstanding shares at current prices. The new stock 
repurchase program marks the 22
nd
program approved by the Board since 1997. Under the Company’s repurchase 
programs, share repurchases may be made from time to time in market or private transactions and may include 
derivative transactions. The repurchase program announced today has no time limit and may be suspended or 
discontinued at any time.