MICHAELS STORES INC Financial Statements (2026 and earlier)
Company Profile
| Business Address |
8000 BENT BRANCH DR IRVING, TX 75063 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 5945 - Hobby, Toy, and Game Shops (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 4/30/2014 MRQ | 1/31/2014 | 1/31/2013 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 234 | 56 | |||
| Cash and cash equivalent | 234 | 56 | |||
| Receivables | 2 | ||||
| Inventory, net of allowances, customer advances and progress billings | ✕ | 901 | 865 | ||
| Inventory | 901 | 865 | |||
| Other current assets | 136 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | 86 | ||
| Income taxes receivable | 2 | 3 | |||
| Deferred tax assets | 38 | 33 | |||
| Other undisclosed current assets | (40) | 4 | |||
| Total current assets: | 1,273 | 1,047 | |||
| Noncurrent Assets | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 358 | 338 | |||
| Long-term investments and receivables | 8 | ||||
| Due from related parties | 8 | ||||
| Intangible asset, including goodwill, after accumulated amortization | ✕ | 94 | 94 | ||
| Goodwill | 94 | 94 | |||
| Deferred costs | 37 | 46 | |||
| Other noncurrent assets | 3 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 3 | ||
| Deferred tax assets, net | 26 | 11 | |||
| Other undisclosed noncurrent assets | (356) | (336) | |||
| Total noncurrent assets: | 170 | 156 | |||
| Other undisclosed assets | 358 | 338 | |||
| TOTAL ASSETS: | 1,801 | 1,541 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 566 | 448 | |||
| Taxes payable | 95 | 91 | |||
| Employee-related liabilities | 103 | 94 | |||
| Accounts payable | 368 | 263 | |||
| Debt | 16 | 150 | |||
| Other liabilities | 43 | 44 | |||
| Deferred tax liabilities | 1 | 4 | |||
| Due to related parties | 30 | ||||
| Other undisclosed current liabilities | 178 | 178 | |||
| Total current liabilities: | 834 | 824 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 2,878 | 2,891 | |||
| Long-term debt, excluding current maturities | 2,878 | 2,891 | |||
| Liabilities, other than long-term debt | 90 | 85 | |||
| Deferred tax liabilities, net | 2 | 2 | |||
| Other liabilities | 88 | 83 | |||
| Total noncurrent liabilities: | 2,968 | 2,976 | |||
| Total liabilities: | 3,802 | 3,800 | |||
| Equity | |||||
| Equity, attributable to parent | (2,001) | (2,259) | |||
| Common stock | 12 | ||||
| Additional paid in capital | 124 | 49 | |||
| Accumulated other comprehensive income | 6 | ||||
| Accumulated deficit | (2,125) | (2,326) | |||
| Total equity: | (2,001) | (2,259) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,801 | 1,541 | |||
Income Statement (P&L) ($ in millions)
| 4/30/2014 TTM | 1/31/2014 | 1/31/2013 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 4,570 | 4,408 | ||
| Other undisclosed gross profit | (2,748) | (2,632) | ||
| Gross profit: | 1,822 | 1,776 | ||
| Operating expenses | (1,190) | (1,167) | ||
| Other undisclosed operating income (loss) | (21) | 6 | ||
| Operating income: | 611 | 615 | ||
| Nonoperating income (expense) | (4) | 2 | ||
| Gain (loss), foreign currency transaction, before tax | (2) | 1 | ||
| Other nonoperating income (expense) | (2) | 1 | ||
| Interest and debt expense | (197) | (278) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 2 | (1) | ||
| Income from continuing operations before income taxes: | 412 | 338 | ||
| Income tax expense | (148) | (124) | ||
| Income from continuing operations: | 264 | 214 | ||
| Income before gain (loss) on sale of properties: | 264 | 214 | ||
| Net income available to common stockholders, diluted: | 264 | 214 | ||
Comprehensive Income ($ in millions)
| 4/30/2014 TTM | 1/31/2014 | 1/31/2013 | ||
|---|---|---|---|---|
| Net income: | 264 | 214 | ||
| Other comprehensive loss | (6) | |||
| Comprehensive income, net of tax, attributable to parent: | 258 | 214 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.