MICHAELS COMPANIES, INC. MIK Income Statement

Michaels companies, inc. (MIK)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'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	Jul'13
Net sales
1,722,607	1,222,021	1,033,689	1,093,720	1,789,108	1,274,058	1,053,267	1,155,511	1,890,608	1,240,196	1,072,593	1,158,563	1,750,853	1,227,206	1,060,353	1,158,880	1,682,489	1,168,423	984,270	1,077,600	1,607,751	1,130,195	948,150	1,052,048	904,000
Cost of sales and occupancy expense
1,076,610	780,387	666,703	676,080	1,074,286	795,104	679,938	698,948	1,116,072	756,088	670,082	690,929	1,045,093	760,598	669,656	694,129	994,854	702,825	610,949	635,803	944,695	678,012	590,953	623,305	567,000
Gross profit
645,997	441,634	366,986	417,640	714,822	478,954	373,329	456,563	774,536	484,108	402,511	467,634	705,760	466,608	390,697	464,751	687,635	465,598	373,321	441,797	663,056	452,183	357,197	428,743	337,000
Selling, general and administrative
370,802	322,807	290,074	320,597	381,210	340,593	300,981	328,617	419,839	329,298	313,867	327,396	368,960	318,580	302,712	317,800	362,987	308,704	275,699	295,571	372,653	307,537	272,888	280,823	254,000
Restructure and impairment charges
-	41,376	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructure charges
-	-	3,869	3,087	-	-	-3,220	47,498	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,160	8,000
Related party expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	32,354	3,328	3,000
Store pre-opening costs
237	1,402	1,743	1,226	421	1,196	1,295	1,505	407	952	662	978	246	1,704	908	1,626	460	1,042	1,040	2,244	605	2,167	1,063	1,232	1,000
Operating income
274,958	76,049	71,300	92,730	273,231	137,165	74,273	78,943	354,290	153,858	87,982	139,260	336,554	146,324	87,077	145,325	324,188	155,852	96,582	143,982	293,958	142,479	50,892	139,200	71,000
Interest expense
37,816	38,781	40,134	37,359	37,592	37,798	37,101	34,594	34,810	32,818	31,051	30,437	30,559	31,538	31,954	32,219	33,438	33,840	34,311	37,816	39,226	41,457	60,635	57,091	46,000
Losses on early extinguishments of debt and refinancing costs
-	-161	-1,155	-	-	-	-1,835	-	-	-	-	-	-	-6,887	-405	-	-	-	-6,072	-	-	-	-67,980	-	-
Other expense (income), net
1,671	-78	252	-3,105	-284	121	832	1,693	416	360	-1,353	44	245	-259	515	-446	-423	-112	136	-195	-2,187	-797	161	49	-1,000
Income before income taxes
238,813	37,029	30,263	52,266	235,355	99,488	36,169	46,042	319,896	121,400	55,578	108,867	306,240	107,640	55,233	112,660	287,914	121,900	56,335	105,971	246,213	100,225	-77,562	82,158	24,000
Income taxes
57,161	8,324	5,716	14,575	53,952	15,719	8,681	19,157	116,928	41,640	20,016	36,659	110,922	31,181	19,616	41,895	104,248	45,103	20,624	39,233	89,653	36,161	-28,919	36,744	7,000
Net income
181,652	28,705	24,547	37,691	181,403	83,769	27,488	26,885	202,968	79,760	35,562	72,208	195,318	76,459	35,617	70,765	183,666	76,797	35,711	66,738	156,560	64,064	-48,643	45,414	17,000
Other comprehensive income, net of tax:
Foreign currency and interest rate swaps
85	1,230	-4,762	-4,826	-7,668	3,016	807	-7,053	6,310	-4,418	13,944	-5,272	2,032	-3,650	-4,759	14,209	-7,432	88	-7,223	4,316	-10,160	-2,520	1,801	-1,124	-1,000
Comprehensive income
181,737	29,935	19,785	32,865	173,735	86,785	28,295	19,832	209,278	75,342	49,506	66,936	197,350	72,809	30,858	84,974	176,234	76,885	28,488	71,054	146,400	61,544	-46,842	44,290	16,000
Earnings per common share:
Basic (in dollars per share)
1.19	0.19	0.16	0.24	1.07	0.50	0.15	0.15	1.10	0.44	0.19	0.38	0.96	0.37	0.17	0.34	0.89	0.37	0.17	0.32	0.76	0.31	-0.26	0.26	0.09
Diluted (in dollars per share)
1.19	0.19	0.16	0.24	1.06	0.50	0.15	0.15	1.09	0.44	0.19	0.38	0.94	0.37	0.17	0.34	0.86	0.37	0.17	0.32	0.75	0.31	-0.26	0.25	0.09
Weighted-average common shares outstanding:
Basic (in shares)
146,638	150,877	157,272	157,749	157,594	165,975	177,348	181,523	180,560	180,710	186,886	188,968	202,201	203,864	205,881	206,994	207,484	207,323	206,941	205,632	609,286	203,269	184	175	175,000
Diluted (in shares)
146,749	150,925	157,273	157,861	158,075	166,570	178,215	182,652	181,947	181,987	187,931	190,399	203,583	205,313	207,547	208,973	209,401	209,510	209,423	209,050	620,825	207,215	184	178	179,000