MICHAELS COMPANIES, INC. MIK Cash Flow

Michaels companies, inc. (MIK)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Oct'18	Jul'18	May'18	Feb'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14
Cash flows from operating activities:
Net income
272,595	272,346	327,410	330,351	319,545	341,110	337,101	345,175	390,498	382,848	379,547	379,602	378,159	366,507	366,845	366,939	362,912	335,806	323,073	238,719	217,395	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of operating lease assets
-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
125,499	128,363	127,947	126,302	124,271	122,613	120,543	119,819	118,912	115,354	114,756	114,882	115,801	116,053	117,275	116,281	114,756	113,974	113,634	112,176	110,858	0	0	0
Share-based compensation
22,910	24,966	26,754	27,364	27,082	26,812	26,041	26,291	24,264	22,854	20,473	18,319	16,506	17,465	15,429	15,473	15,064	14,271	15,949	18,424	19,387	0	0	0
Debt issuance costs amortization
4,451	4,747	5,014	4,960	4,997	5,034	5,071	5,098	5,098	5,098	5,372	5,883	6,583	7,320	7,861	8,164	8,467	8,804	9,097	9,752	10,333	0	0	0
Loss on write-off of investment
5,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of long-term debt, net
-129	-328	-524	-522	-518	-511	-509	-505	-505	-496	-462	-398	-334	-269	-208	-179	-150	-131	-151	-221	-516	0	0	0
Restructure charges
-	-	0	59,827	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
9,455	-9,563	7,400	5,691	8,131	11,529	5,343	6,669	4,348	-5,007	3,726	8,820	4,570	11,164	2,716	-484	8,611	27,824	26,640	26,289	15,282	0	0	0
Losses on disposition of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-120	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	10,027	7,953	8,826	8,907	14,507	18,574	17,554	15,072	5,081	0	0	0
Changes in assets and liabilities:
Merchandise inventories
-9,504	41,850	34,615	38,169	63,890	57,893	105,087	38,990	-5,281	8,961	49,406	44,266	40,800	32,773	-12,373	-11,886	44,213	161,659	138,287	60,046	60,343	0	0	0
Prepaid expenses and other
-1,671	7,983	9,423	4,359	-3,576	1,853	5,567	8,573	7,785	2,268	1,644	160	1,004	-1,154	1,361	941	4,875	1,155	-10,742	-5,708	-8,379	0	0	0
Accounts receivable
-29,516	-34,853	-29,940	-14,497	14,100	13,540	8,262	4,718	2,992	-5,991	-2,994	1,106	-8,948	4,454	-4,049	-7,039	-3,725	0	0	0	-	-	-	-
Other assets
3,562	4,911	9,723	13,619	1,497	2,069	2,230	2,174	1,765	1,368	966	824	711	344	393	267	34	-1,361	-1,321	114	324	0	0	0
Operating lease liabilities
-323,010	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-14,787	1,673	-20,747	-45,059	-10,461	-38,884	28,639	7,103	-38,025	-44,071	46,578	54,818	38,248	138,419	23,592	-13,813	24,217	57,852	94,788	51,237	76,710	0	0	0
Accrued interest
-2,192	-100	-2,289	-1,310	-691	-3,876	-3,796	1,268	-12,040	-15	4,369	-4,643	7,015	3,223	-3,282	-1,903	1,852	-9,338	131	-4,036	-45,647	0	0	0
Accrued liabilities and other
-36,020	-28,773	-22,230	-7,480	-17,225	-8,434	-43,853	14,084	3,174	26,492	27,474	-7,167	-4,806	-7,603	-4,987	4,554	-23,530	-2,793	-8,737	-13,001	14,294	0	0	0
Income taxes
17,647	16,408	8,482	-43,903	-44,532	10,758	32,818	7,635	28,388	38,649	24,321	79,276	37,276	4,352	28,970	44,114	44,941	47,685	40,551	-1,690	1,006	0	0	0
Other liabilities
-1,019	2,010	-367	-419	3,495	6,088	8,718	7,488	6,759	1,706	3,458	6,237	1,581	696	-187	-4,387	-1,649	-1,409	-1,037	4,044	-277	0	0	0
Net cash used in operating activities
493,175	524,809	528,710	445,551	444,256	442,997	441,083	533,168	523,610	534,328	584,806	611,225	564,417	622,693	562,694	552,061	504,047	423,365	483,662	444,478	441,997	0	0	0
Additions to property and equipment
120,545	115,466	133,012	142,664	145,387	174,743	154,618	139,964	127,830	104,939	119,187	115,488	114,462	116,357	99,074	103,620	123,920	123,232	136,251	141,942	137,780	0	0	0
Acquisition of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	151,100	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-123,313	-266,887	-268,782	-255,174	-253,220	-128,920	0	0	0	-	-	-	-
Common stock repurchased
107,997	133,984	231,402	456,638	456,585	430,666	315,096	155,704	253,752	498,279	467,096	444,160	404,971	161,836	131,194	63,529	21,977	32,466	33,792	33,412	21,557	0	0	0
Payments on term loan credit facility
24,900	26,219	25,560	24,900	24,900	29,806	30,465	24,900	31,125	24,900	18,675	24,900	18,675	168,675	174,900	174,900	174,900	24,900	24,900	22,775	20,650	0	0	0
Borrowings on asset-based revolving credit facility
-	-	-	-	-	-	-	-	382,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on asset-based revolving credit facility
-	-	-	-	-	-	-	-	382,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends
-	-	-	-	317	317	317	408	408	408	408	415	415	415	464	492	492	492	493	444	530	0	0	0
Change in cash overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Proceeds from stock options exercised
506	2,735	3,134	4,041	4,041	10,551	12,554	12,399	16,588	9,241	7,677	13,317	17,252	17,117	18,127	15,205	22,655	40,981	40,554	37,743	27,211	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	10,027	7,953	8,826	8,907	14,507	18,574	17,554	15,072	5,081	0	0	0
Other financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0
Net cash used in financing activities
-150,553	-393,626	-387,908	-478,614	-478,878	-342,355	-297,393	-168,613	-268,697	-402,588	-445,024	-461,919	-408,108	-318,687	-263,039	-399,539	-344,031	-374,185	-366,546	-144,957	-164,786	0	0	0
Net change in cash and equivalents
164,077	15,717	7,790	-175,727	-180,009	-74,101	-10,928	224,591	127,083	26,801	19,270	25,993	-110,578	35,224	44,481	-100,698	31,096	-79,052	-19,135	157,579	139,431	0	0	0
Cash paid for interest
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Cash paid for taxes
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-