Michaels companies, inc. (MIK)
Balance Sheet / Yearly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Jul'13
ASSETS
Current Assets:
Cash and equivalents

409

118

130

246

245

102

123

422

425

176

134

197

298

149

114

171

409

114

70

272

378

193

89

114

239

56

Merchandise inventories

1,097

1,423

1,256

1,101

1,108

1,440

1,280

1,121

1,123

1,404

1,195

1,102

1,127

1,394

1,145

1,057

1,002

1,277

1,073

985

958

1,115

936

930

901

909

Prepaid expenses and other

62

73

69

65

98

100

98

108

97

95

87

84

87

93

85

84

85

85

75

74

84

99

100

95

95

96

Accounts receivable, net

30

25

18

32

62

42

31

30

26

30

24

26

23

36

26

24

9

9

8

9

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

37

37

39

38

Income taxes receivable

-

1

5

4

-

6

16

2

3

5

20

3

5

26

42

7

1

19

53

-

2

41

75

8

2

36

Total current assets

1,599

1,641

1,481

1,449

1,515

1,693

1,549

1,685

1,676

1,713

1,461

1,414

1,542

1,701

1,415

1,346

1,507

1,506

1,280

1,341

1,423

1,487

1,239

1,185

1,276

1,135

Property and equipment, at cost

-

1,733

1,703

1,676

-

1,642

1,613

1,569

-

1,545

1,530

1,497

-

1,759

1,724

1,712

-

1,645

1,632

1,607

-

1,546

1,530

1,628

-

1,542

Less accumulated depreciation and amortization

-

1,301

1,266

1,242

-

1,189

1,167

1,144

-

1,143

1,122

1,094

-

1,347

1,325

1,309

-

1,259

1,238

1,219

-

1,169

1,165

1,266

-

1,195

Property and equipment, net

430

431

437

433

439

453

445

424

420

401

407

403

413

412

398

402

378

385

394

387

386

376

365

362

358

347

Operating lease assets, adjusted for impairment charge

1,610

1,613

1,611

1,613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

94

94

112

112

112

119

119

119

119

119

119

119

119

119

119

119

94

94

94

94

94

94

94

94

94

94

Other intangible assets, net

66

5

14

16

17

20

20

21

21

22

22

23

23

24

23

24

0

0

0

0

-

-

-

-

-

-

Deferred income taxes

18

38

28

25

25

23

31

33

34

36

37

37

36

30

39

44

40

41

42

43

49

23

23

22

28

29

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

47

49

52

56

Other assets

18

20

23

27

19

28

26

29

27

12

12

12

12

12

12

9

9

10

6

6

7

1

1

1

3

2

Total assets

3,838

3,845

3,707

3,679

2,128

2,339

2,192

2,313

2,300

2,306

2,060

2,009

2,147

2,299

2,008

1,946

2,031

2,038

1,818

1,874

1,961

2,029

1,772

1,716

1,811

1,663

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable

476

658

533

406

485

645

555

449

483

674

510

430

517

714

462

373

457

557

418

367

447

504

317

312

368

289

Accrued liabilities and other

347

374

321

354

378

407

351

384

370

400

391

348

397

386

355

359

385

370

349

330

391

369

335

333

411

341

Current portion of operating lease liabilities

306

303

298

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

Current portion of long-term debt

24

24

24

24

24

240

140

24

24

140

112

24

31

24

66

24

24

24

48

203

24

204

47

16

16

238

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

4

Income taxes payable

41

22

11

55

43

0

0

82

79

16

0

108

78

-

-

36

44

6

0

4

25

0

1

30

30

-

Total current liabilities

1,196

1,382

1,191

1,142

932

1,293

1,047

941

957

1,231

1,015

912

1,024

1,125

884

794

912

959

818

906

889

1,079

702

692

826

891

Long-term debt

2,644

2,649

2,655

2,675

2,681

2,690

2,695

2,696

2,701

2,707

2,712

2,717

2,723

2,734

2,735

2,740

2,744

2,897

2,902

2,906

3,089

3,130

3,316

3,673

3,678

3,682

Long-term operating lease liabilities

1,357

1,374

1,377

1,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

1

2

2

Share-based compensation liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

Other liabilities

85

69

71

68

140

144

148

159

150

100

99

101

98

98

97

95

97

92

91

93

93

87

86

83

87

81

Total liabilities

5,284

5,476

5,294

5,266

3,754

4,128

3,891

3,797

3,809

4,038

3,828

3,731

3,846

3,959

3,716

3,630

3,755

3,948

3,811

3,906

4,072

4,298

4,106

4,450

4,593

4,682

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' Deficit:
Common stock, $0.06775 par value, 350,000 shares authorized; 146,803 shares issued and outstanding at February 1, 2020 and 157,774 shares issued and outstanding at February 2, 2019

9

9

10

10

10

10

11

12

12

12

12

12

12

13

13

13

13

13

13

13

13

13

13

11

12

12

Additional paid-in-capital

4

1

-

11

5

-

-

27

21

7

59

142

233

468

493

549

592

582

577

566

557

549

545

100

94

34

Treasury stock

-

-

-

-

-

12

-

-

-

-

11

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-1,438

-1,620

-1,573

-1,590

-1,628

-1,781

-1,700

-1,512

-1,539

-1,742

-1,822

-1,858

-1,930

-2,125

-2,202

-2,237

-2,308

-2,492

-2,568

-2,604

-2,671

-2,830

-2,894

-2,845

-2,888

-3,069

Accumulated other comprehensive loss

-22

-22

-24

-19

-14

-6

-9

-10

-3

-9

-5

-19

-14

-16

-12

-7

-22

-14

-14

-7

-11

-1

0

-0

-

4

Total stockholders' deficit

-1,446

-1,631

-1,587

-1,587

-1,626

-1,789

-1,699

-1,483

-1,509

-1,732

-1,767

-1,721

-1,698

-1,659

-1,707

-1,683

-1,724

-1,909

-1,992

-2,031

-2,111

-2,268

-2,334

-2,734

-2,782

-3,019

Total liabilities and stockholders' deficit

3,838

3,845

3,707

3,679

2,128

2,339

2,192

2,313

2,300

2,306

2,060

2,009

2,147

2,299

2,008

1,946

2,031

2,038

1,818

1,874

1,961

2,029

1,772

1,716

1,811

1,663