MICHAELS COMPANIES, INC. MIK Income Statement

Michaels companies, inc. (MIK)

Income statement / TTM

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
5,072	5,138	5,190	5,210	5,271	5,373	5,339	5,358	5,361	5,222	5,209	5,196	5,197	5,128	5,070	4,994	4,912	4,838	4,799	4,763	4,738	0	0	0	0
Cost of sales and occupancy expense
3,199	3,197	3,212	3,225	3,248	3,290	3,251	3,241	3,233	3,162	3,166	3,166	3,169	3,119	3,061	3,002	2,944	2,894	2,869	2,849	2,836	0	0	0	0
Gross profit
1,872	1,941	1,978	1,984	2,023	2,083	2,088	2,117	2,128	2,060	2,042	2,030	2,027	2,009	2,008	1,991	1,968	1,943	1,930	1,914	1,901	0	0	0	0
Selling, general and administrative
1,304	1,314	1,332	1,343	1,351	1,390	1,378	1,391	1,390	1,339	1,328	1,317	1,308	1,302	1,292	1,265	1,242	1,252	1,251	1,248	1,233	0	0	0	0
Restructure and impairment charges
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructure charges
-	-	66	59	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Related party expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	0	0	0	0
Store pre-opening costs
4	4	4	4	4	4	4	3	2	2	3	3	4	4	4	4	4	4	6	6	5	0	0	0	0
Operating income
515	513	574	577	563	644	661	675	735	717	710	709	715	702	712	721	720	690	677	631	626	0	0	0	0
Interest expense
154	153	152	149	147	144	139	133	129	124	123	124	126	129	131	133	139	145	152	179	198	0	0	0	0
Losses on early extinguishments of debt and refinancing costs
-	0	0	-	-	-	0	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	0	-	-
Other expense (income), net
-1	-3	-3	-2	2	3	3	1	-0	-0	-1	0	0	-0	-0	-0	-0	-2	-3	-3	-2	0	0	0	0
Income before income taxes
358	354	417	423	417	501	523	542	605	592	578	577	581	563	577	578	572	530	508	374	351	0	0	0	0
Income taxes
85	82	89	92	97	160	186	197	215	209	198	198	203	196	210	211	209	194	185	136	133	0	0	0	0
Net income
272	272	327	330	319	341	337	345	390	382	379	379	378	366	366	366	362	335	323	238	217	0	0	0	0
Other comprehensive income, net of tax:
Foreign currency and interest rate swaps
-8	-16	-14	-8	-10	3	-4	8	10	6	7	-11	7	-1	2	-0	-10	-12	-15	-6	-12	0	0	0	0
Comprehensive income
264	256	313	321	308	344	332	353	401	389	386	367	385	364	368	366	352	322	307	232	205	0	0	0	0
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	150	157	157	157	165	177	181	180	180	186	188	202	203	205	206	207	207	206	205	609	203	0	0	175
Diluted (in shares)
146	150	157	157	158	166	178	182	181	181	187	190	203	205	207	208	209	209	209	209	620	207	0	0	179