Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

v2.4.1.9
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Jan. 31, 2015
Nov. 01, 2014
Aug. 02, 2014
May 03, 2014
Feb. 01, 2014
Nov. 02, 2013
Aug. 03, 2013
May 04, 2013
Jan. 31, 2015
Feb. 01, 2014
Feb. 02, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME                      
Net sales $ 1,608us-gaap_SalesRevenueGoodsNet $ 1,130us-gaap_SalesRevenueGoodsNet $ 948us-gaap_SalesRevenueGoodsNet $ 1,052us-gaap_SalesRevenueGoodsNet $ 1,555us-gaap_SalesRevenueGoodsNet $ 1,118us-gaap_SalesRevenueGoodsNet $ 904us-gaap_SalesRevenueGoodsNet $ 993us-gaap_SalesRevenueGoodsNet $ 4,738us-gaap_SalesRevenueGoodsNet $ 4,570us-gaap_SalesRevenueGoodsNet $ 4,408us-gaap_SalesRevenueGoodsNet
Cost of sales and occupancy expense 945us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 678us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 591us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 623us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 932us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 665us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 567us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 584us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 2,837us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 2,748us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts 2,643us-gaap_CostOfMerchandiseSalesBuyingAndOccupancyCosts
Gross profit 663us-gaap_GrossProfit 452us-gaap_GrossProfit 357us-gaap_GrossProfit 429us-gaap_GrossProfit 623us-gaap_GrossProfit 453us-gaap_GrossProfit 337us-gaap_GrossProfit 409us-gaap_GrossProfit 1,901us-gaap_GrossProfit 1,822us-gaap_GrossProfit 1,765us-gaap_GrossProfit
Selling, general, and administrative 364us-gaap_SellingGeneralAndAdministrativeExpense 304us-gaap_SellingGeneralAndAdministrativeExpense 270us-gaap_SellingGeneralAndAdministrativeExpense 282us-gaap_SellingGeneralAndAdministrativeExpense 335us-gaap_SellingGeneralAndAdministrativeExpense 309us-gaap_SellingGeneralAndAdministrativeExpense 254us-gaap_SellingGeneralAndAdministrativeExpense 272us-gaap_SellingGeneralAndAdministrativeExpense 1,220us-gaap_SellingGeneralAndAdministrativeExpense 1,170us-gaap_SellingGeneralAndAdministrativeExpense 1,132us-gaap_SellingGeneralAndAdministrativeExpense
Share-based compensation 4mik_ShareBasedCompensationIncomeStatementImpact 4mik_ShareBasedCompensationIncomeStatementImpact 2mik_ShareBasedCompensationIncomeStatementImpact 4mik_ShareBasedCompensationIncomeStatementImpact 8mik_ShareBasedCompensationIncomeStatementImpact 4mik_ShareBasedCompensationIncomeStatementImpact 8mik_ShareBasedCompensationIncomeStatementImpact 3mik_ShareBasedCompensationIncomeStatementImpact 14mik_ShareBasedCompensationIncomeStatementImpact 23mik_ShareBasedCompensationIncomeStatementImpact 15mik_ShareBasedCompensationIncomeStatementImpact
Related party expenses                 35us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty 14us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty 13us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
Store pre-opening costs                 5us-gaap_PreOpeningCosts 5us-gaap_PreOpeningCosts 5us-gaap_PreOpeningCosts
Impairment of intangible assets                     8us-gaap_AssetImpairmentCharges
Operating income 294us-gaap_OperatingIncomeLoss 142us-gaap_OperatingIncomeLoss 52us-gaap_OperatingIncomeLoss 139us-gaap_OperatingIncomeLoss 276us-gaap_OperatingIncomeLoss 135us-gaap_OperatingIncomeLoss 71us-gaap_OperatingIncomeLoss 128us-gaap_OperatingIncomeLoss 627us-gaap_OperatingIncomeLoss 610us-gaap_OperatingIncomeLoss 592us-gaap_OperatingIncomeLoss
Interest expense                 199us-gaap_InterestExpense 215us-gaap_InterestExpense 245us-gaap_InterestExpense
Losses on early extinguishments of debt and refinancing costs 6us-gaap_GainsLossesOnExtinguishmentOfDebt   68us-gaap_GainsLossesOnExtinguishmentOfDebt   7us-gaap_GainsLossesOnExtinguishmentOfDebt     7us-gaap_GainsLossesOnExtinguishmentOfDebt 74us-gaap_GainsLossesOnExtinguishmentOfDebt 14us-gaap_GainsLossesOnExtinguishmentOfDebt 33us-gaap_GainsLossesOnExtinguishmentOfDebt
Other expense and (income), net                 3us-gaap_OtherNonoperatingIncomeExpense 2us-gaap_OtherNonoperatingIncomeExpense (1)us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes                 351us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 379us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 315us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes                 134us-gaap_IncomeTaxExpenseBenefit 136us-gaap_IncomeTaxExpenseBenefit 115us-gaap_IncomeTaxExpenseBenefit
Net income 157us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 64us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (48)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 45us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 133us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 47us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 17us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 46us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 217us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 243us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 200us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Other comprehensive income, net of tax:                      
Foreign currency translation adjustment and other                 (12)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent (6)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent  
Comprehensive income                 $ 205us-gaap_ComprehensiveIncomeNetOfTax $ 237us-gaap_ComprehensiveIncomeNetOfTax $ 200us-gaap_ComprehensiveIncomeNetOfTax
Earnings per share:                      
Basic (in dollars per share)                 $ 1.07us-gaap_EarningsPerShareBasic $ 1.39us-gaap_EarningsPerShareBasic $ 1.14us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.75us-gaap_EarningsPerShareDiluted $ 0.31us-gaap_EarningsPerShareDiluted $ (0.26)us-gaap_EarningsPerShareDiluted $ 0.25us-gaap_EarningsPerShareDiluted $ 0.74us-gaap_EarningsPerShareDiluted $ 0.26us-gaap_EarningsPerShareDiluted $ 0.09us-gaap_EarningsPerShareDiluted $ 0.26us-gaap_EarningsPerShareDiluted $ 1.05us-gaap_EarningsPerShareDiluted $ 1.36us-gaap_EarningsPerShareDiluted $ 1.12us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding                      
Basic (in shares)                 203.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 174.8us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 174.7us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares)                 207.3us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 178.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 178.2us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding