Income Statement [Abstract]
Total net sales
Cost of goods sold
Gross margin
Operating expenses/(income):
Selling, general and administrative (SG&A)
Pension
Depreciation and amortization
Real estate and other, net
Restructuring and management transition
Total operating expenses
Operating income/(loss)
Loss on extinguishment of debt
Net interest expense
Income/(loss) before income taxes
Income tax expense/(benefit)
Net income/(loss)
Earnings/(loss) per share:
Basic (in dollars per share)
Diluted (in dollars per share)
Weighted average shares – basic
Weighted average shares – diluted
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions
January 31, 2014 - January 28, 2017
Comparative Income Statement
J.C. PENNEY COMPANY, INC.
28-Jan-17 30-Jan-16 31-Jan-15
$ 12,547 $ 12,625 $ 12,257
8,071 8,074 7,996
4,476 4,551 4,261
3,538 3,775 3,993
19 162 (48)
609 616 631
(111) 3 (148)
26 84 87
4,081 4,640 4,515
395 (89) (254)
30 10 34
363 405 406
2 (504) (694)
1 9 23
$ 1 $ (513) $ (717)
$ 0 $ (1.68) $ (2.35)
$ 0 $ (1.68) $ (2.35)
308.1 305.9 305.2
313 305.9 305.2
12 Months Ended
Current assets:
Cash in banks and in transit
Cash short-term investments
Cash and cash equivalents
Merchandise inventory
Deferred taxes
Prepaid expenses and other
Total current assets
Property and equipment
Other assets
Total Assets
Current liabilities:
Merchandise accounts payable
Other accounts payable and accrued expenses
Current portion of capital leases, financing obligation and note payable
Current maturities of long-term debt
Total current liabilities
Long-term capital leases, financing obligation and note payable
Long-term debt
Deferred taxes
Other liabilities
Total Liabilities
Stockholders' Equity
Common stock(1)
Additional paid-in capital
Reinvested earnings/(accumulated deficit)
Accumulated other comprehensive income/(loss)
Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
[1]
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions
[1]
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions
1,250 million shares of common stock are authorized with a par value of $0.50 per share. The total shares issued
J.C. PENNEY COMPANY INC.
Comparative Balance Sheets
January 30, 2015 - January 28, 2017
Jan. 28, 2017 Jan. 30, 2016
$ 125 $ 119
762 781
887 900
2,854 2,721
196 231
160 166
4,097 4,018
4,599 4,816
618 608
9,314 9,442
977 925
1,164 1,360
15 26
263 101
2,419 2,412
219 10
4,339 4,668
400 425
583 618
7,960 8,133
154 153
4,679 4,654
(3,006) (3,007)
(473) (491)
1,354 1,309
$ 9,314 $ 9,442
1,250 million shares of common stock are authorized with a par value of $0.50 per share. The total shares issued
