Michaels companies, inc. (MIK)
Income statement / Yearly
Feb'20Feb'19Feb'18Jan'17Jan'16Jan'15Jan'14Jan'13
Net sales

5,072

5,271

5,361

5,197

4,912

4,738

4,569

4,408

Cost of sales and occupancy expense

3,199

3,248

3,233

3,169

2,944

2,836

2,747

2,643

Gross profit

1,872

2,023

2,128

2,027

1,968

1,901

1,822

1,765

Selling, general and administrative

1,304

1,351

1,390

1,308

1,242

1,233

1,193

1,132

Restructure and impairment charges

48

104

-

-

-

-

-

-

Share-based compensation

-

-

-

-

-

-

-

15

Related party expenses

-

-

-

-

-

35

13

13

Store pre-opening costs

4

4

2

4

4

5

4

5

Impairment of intangible assets

-

-

-

-

-

-

-

8

Operating income

515

563

735

715

720

626

610

592

Interest expense

154

147

129

126

139

198

214

245

Losses on early extinguishments of debt and refinancing costs

-1

-1

-

-7

-8

-74

-14

-33

Other expense (income), net

-1

2

-0

0

-0

-2

-2

1

Income before income taxes

358

417

605

581

572

351

379

315

Income taxes

85

97

215

203

209

133

135

115

Net income

272

319

390

378

362

217

243

200

Other comprehensive income, net of tax:
Foreign currency and interest rate swaps

-8

-10

10

7

-10

-12

-6

-

Comprehensive income

264

308

401

385

352

205

237

200

Earnings per common share:
Basic (in dollars per share)

1.78

1.87

2.11

1.84

1.75

1.07

1.39

1.14

Diluted (in dollars per share)

1.78

1.86

2.10

1.82

1.72

1.05

1.36

1.12

Weighted-average common shares outstanding:
Basic (in shares)

153

170

184

204

206

203

174

174

Diluted (in shares)

153

171

185

206

209

207

178

178