MICHAELS STORES INC: 10-K filed 2012-03-21
What MICHAELS STORES INC reported in its annual report filed 2012-03-21 (fiscal FY 2011): 33 published measures, 83 facts as tagged in accession 0001104659-12-019658.
This filing
- Form
- 10-K (annual report)
- Filed
- 2012-03-21
- Fiscal period
- fiscal FY 2011
- Accession
- 0001104659-12-019658 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All MICHAELS STORES INC filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 1,822,000,000 | USD | |
| At 2011-01-29 | 1,780,000,000 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 4,296,000,000 | USD | |
| At 2011-01-29 | 4,434,000,000 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | -2,474,000,000 | USD | |
| At 2011-01-29 | -2,654,000,000 | USD | |
| At 2010-01-30 | -2,766,000,000 | USD | |
| At 2009-01-31 | -2,878,000,000 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 371,000,000 | USD | |
| At 2011-01-29 | 319,000,000 | USD | |
| At 2010-01-30 | 217,000,000 | USD | |
| At 2009-01-31 | 33,000,000 | USD |
Capital expenditure payments
Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 109,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 81,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 43,000,000 | USD | 364 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | -2,540,000,000 | USD | |
| At 2011-01-29 | -2,716,000,000 | USD |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 112,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 46,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 54,000,000 | USD | 364 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 312,000,000 | USD | |
| At 2011-01-29 | 301,000,000 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 9,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 8,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 8,000,000 | USD | 364 |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 569,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 488,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 397,000,000 | USD | 364 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 1,334,000,000 | USD | |
| At 2011-01-29 | 1,271,000,000 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 254,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 276,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 257,000,000 | USD | 364 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 837,000,000 | USD | |
| At 2011-01-29 | 685,000,000 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 301,000,000 | USD | |
| At 2011-01-29 | 273,000,000 | USD |
Goodwill carrying amount
Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 95,000,000 | USD | |
| At 2011-01-29 | 95,000,000 | USD |
Common-stock repurchase payments
Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 6,000,000 | USD | 364 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 840,000,000 | USD | |
| At 2011-01-29 | 826,000,000 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 1,684,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 1,564,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 1,465,000,000 | USD | 364 |
Selling, general and administrative expense
Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 1,098,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 1,059,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 1,052,000,000 | USD | 364 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 118,265,885 | shares | |
| At 2011-01-29 | 118,419,850 | shares |
Accumulated other comprehensive income or loss
Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 6,000,000 | USD | |
| At 2011-01-29 | 7,000,000 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 1,391,000,000 | USD | |
| At 2011-01-29 | 1,329,000,000 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 1,079,000,000 | USD | |
| At 2011-01-29 | 1,028,000,000 | USD |
Other noncurrent assets
Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 4,000,000 | USD | |
| At 2011-01-29 | 9,000,000 | USD |
Other noncurrent liabilities
Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 85,000,000 | USD | |
| At 2011-01-29 | 78,000,000 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-01-28 | 80,000,000 | USD | |
| At 2011-01-29 | 73,000,000 | USD |
Comprehensive income or loss
Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 175,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 104,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 104,000,000 | USD | 364 |
Net income available to common stockholders
Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 176,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 103,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 103,000,000 | USD | 364 |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 101,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 103,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 116,000,000 | USD | 364 |
Other nonoperating income or expense
Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | -9,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | -10,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 17,000,000 | USD | 364 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 86,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 64,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 26,000,000 | USD | 364 |
Change in inventories
The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 14,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | -47,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | -34,000,000 | USD | 364 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-01-30 to 2012-01-28 | 38,000,000 | USD | 364 |
| 2010-01-31 to 2011-01-29 | 36,000,000 | USD | 364 |
| 2009-02-01 to 2010-01-30 | 6,000,000 | USD | 364 |
Inspect the source
- Entity
- MICHAELS STORES INC / CIK 0000740670
- Captured
- SEC response SHA-256
c29df8774665670ae1ee5a6a3ac16cbc96f0c2ca945fe540f82b2e520fa78bdc
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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for concept in record["concepts"]:
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