Michael Kors was founded in 1981 and is headquartered in New York, US

Honorary Chairman, Chief Creative Officer and Director

Chairman, Chief Executive Officer and Director

Executive Vice President, Chief Financial Officer, Chief Operating Officer and Treasurer

Senior Vice President of Corporate Strategy and Chief Operations Officer

Senior Vice President, Chief Human Resources Officer

Senior Vice President, General Counsel

Michael Kors has an office in New York

New York, US (HQ)

11 W 42nd St

Michael Kors's revenue was reported to be $4.5 b in FY, 2017 which is a **5% decrease** from the previous period.

USD

## Revenue (FY, 2017) | 4.5 b |

## Revenue growth (FY, 2016 - FY, 2017), % | (5%) |

## Gross profit (FY, 2017) | 2.7 b |

## Gross profit margin (FY, 2017), % | 59% |

## Net income (FY, 2017) | 551.5 m |

## EBIT (FY, 2017) | 689.9 m |

## Market capitalization (21-Jul-2017) | 5.9 b |

## Cash (01-Apr-2017) | 227.7 m |

Michael Kors's current market capitalization is $5.9 b.

- Source: SEC Filings 2016

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|---|

## Revenue | 3.3 b | 3.3 b | 4.4 b | 4.7 b | 4.5 b |

## Revenue growth, % | (0%) | 32% | 8% | (5%) | |

## Cost of goods sold | 1.3 b | 1.7 b | 1.9 b | 1.8 b | |

## Gross profit | 2 b | 2.6 b | 2.8 b | 2.7 b | |

## Gross profit Margin, % | 61% | 61% | 59% | 59% | |

## General and administrative expense | 1.6 b | ||||

## Operating expense total | 1 b | 1.4 b | 1.6 b | 2 b | |

## EBIT | 1 b | 1.3 b | 1.2 b | 689.9 m | |

## EBIT margin, % | 30% | 29% | 25% | 15% | |

## Interest expense | 393 k | 215 k | 1.7 m | 4.1 m | |

## Pre tax profit | 1 b | 1.3 b | 1.2 b | 688.6 m | |

## Income tax expense | 346.2 m | 374.8 m | 334.6 m | 137.1 m | |

## Net Income | 661.5 m | 661.5 m | 881 m | 837.7 m | 551.5 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 919.2 m | 1.1 b | 1.3 b | 986 m | 1.1 b | 1.4 b | 987.9 m | 1.1 b | 1.4 b |

## Cost of goods sold | 347.5 m | 411.6 m | 514.6 m | 382.3 m | 465.6 m | 565.5 m | 396.6 m | 443.5 m | 547.1 m |

## Gross profit | 571.6 m | 645 m | 800.1 m | 603.6 m | 664.4 m | 832 m | 591.3 m | 644.7 m | 805.7 m |

## Gross profit Margin, % | 62% | 61% | 61% | 61% | 59% | 60% | 60% | 59% | 60% |

## General and administrative expense | 265.9 m | 305.4 m | 344.2 m | 313.5 m | 345.2 m | 377.6 m | 354 m | 379.7 m | 407.6 m |

## Operating expense total | 265.9 m | 305.4 m | 344.2 m | 313.5 m | 345.2 m | 377.6 m | 354 m | 379.7 m | 407.6 m |

## EBIT | 276.8 m | 305.6 m | 418.5 m | 248.6 m | 273.1 m | 409.3 m | 186.9 m | 203.7 m | 341.9 m |

## EBIT margin, % | 30% | 29% | 32% | 25% | 24% | 29% | 19% | 19% | 25% |

## Interest expense | 72 k | 116 k | 109 k | 375 k | 632 k | 300 k | 1.4 m | 3.4 m | |

## Pre tax profit | 276 m | 304.1 m | 417 m | 247 m | 271.2 m | 408.6 m | 185.6 m | 202.6 m | 341.7 m |

## Income tax expense | 88.3 m | 97.1 m | 113.3 m | 72.7 m | 78.4 m | 114.4 m | 39.3 m | 41.9 m | 70.4 m |

## Net Income | 187.7 m | 394.7 m | 698.4 m | 174.4 m | 367.5 m | 661.4 m | 146.3 m | 307 m | 578.3 m |

- Source: SEC Filings 2016

USD | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | Y, 2016^{} | FY, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 5.7 m | 21.1 m | 113.6 m | 487.3 m | 971.2 m | 978.9 m | 702 m | 227.7 m |

## Inventories | 426.9 m | 519.9 m | 546.8 m | 549.3 m | ||||

## Current Assets | 1.8 b | 2 b | 1.7 b | 1.2 b | ||||

## PP&E | 350.7 m | 562.9 m | 758.2 m | 591.5 m | ||||

## Goodwill | 14 m | 14 m | 23.2 m | 119.7 m | ||||

## Total Assets | 2.2 b | 2.7 b | 2.6 b | 2.4 b | ||||

## Accounts Payable | 132 m | 142.8 m | 131.4 m | 176.3 m | ||||

## Current Liabilities | 308.4 m | 330.1 m | 435.5 m | 565.8 m | ||||

## Total Liabilities | 814.6 m | |||||||

## Additional Paid-in Capital | 527.2 m | 636.7 m | 718.9 m | 767.8 m | ||||

## Retained Earnings | 1.3 b | 2.2 b | 3 b | 3.6 b | ||||

## Total Equity | 1.8 b | 2.2 b | 2 b | 1.6 b | ||||

## Financial Leverage | 1.2 x | 1.2 x | 1.3 x | 1.5 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 1.1 b | 1 b | 949.8 m | 808.5 m | 431.5 m | 696.8 m | 337.1 m | 186.4 m | 368.8 m |

## Inventories | 527.3 m | 619.3 m | 537.5 m | 606.5 m | 713.7 m | 588.3 m | 606.9 m | 695.7 m | 586.2 m |

## Current Assets | 2 b | 2.1 b | 2 b | 1.8 b | 1.6 b | 1.7 b | 1.3 b | 1.3 b | 1.4 b |

## PP&E | 404 m | 453.8 m | 532.3 m | 624.2 m | 672.4 m | 739.9 m | 798.7 m | 801 m | 771 m |

## Goodwill | 14 m | 14 m | 14 m | 14 m | 26.2 m | 23.2 m | 122.2 m | 119.7 m | 119.7 m |

## Total Assets | 2.5 b | 2.7 b | 2.6 b | 2.6 b | 2.4 b | 2.5 b | 2.7 b | 2.8 b | 2.8 b |

## Accounts Payable | 140.3 m | 179.1 m | 175.2 m | 172.1 m | 199.2 m | 190.7 m | 167.4 m | 179.7 m | 214 m |

## Current Liabilities | 322.6 m | 325.9 m | 361.3 m | 339 m | 387.1 m | 423.1 m | 701.9 m | 832.3 m | 671.8 m |

## Additional Paid-in Capital | 559.2 m | 586.6 m | 610.9 m | 662.5 m | 677.7 m | 692.8 m | 732.5 m | 749.3 m | 760 m |

## Retained Earnings | 1.5 b | 1.7 b | 2 b | 2.3 b | 2.5 b | 2.8 b | 3.2 b | 3.3 b | 3.6 b |

## Total Equity | 2 b | 2.2 b | 2.2 b | 2.1 b | 1.9 b | 2 b | 1.8 b | 1.7 b | 1.9 b |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.3 x | 1.3 x | 1.5 x | 1.6 x | 1.5 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Net Income | 661.5 m | 881 m | 837.7 m | 551.5 m |

## Depreciation and Amortization | 79.7 m | 138.4 m | 183.2 m | 219.8 m |

## Inventories | (160 m) | (110 m) | (16 m) | 20.6 m |

## Accounts Payable | 49 m | 5.8 m | 14.2 m | 37.5 m |

## Cash From Operating Activities | 631.8 m | 857.9 m | 1.2 b | 1 b |

## Capital Expenditures | (184.7 m) | (356.2 m) | (369.2 m) | (164.8 m) |

## Cash From Investing Activities | (215.5 m) | (388.4 m) | (381.1 m) | (650.9 m) |

## Cash From Financing Activities | 71.1 m | (434.7 m) | (1.1 b) | (843.6 m) |

## Interest Paid | 699 k | 729 k | 1.5 m | 3.5 m |

## Income Taxes Paid | 280.7 m | 373.3 m | 273 m | 171.1 m |

## Free Cash Flow | 816.5 m | 1.2 b | 1.6 b | 863.2 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 187.7 m | 394.7 m | 698.4 m | 174.4 m | 367.5 m | 661.4 m | 146.3 m | 307 m | 578.3 m |

## Depreciation and Amortization | 29 m | 63.1 m | 100.6 m | 41.6 m | 87.7 m | 132.7 m | 50.4 m | 106.8 m | 162.5 m |

## Inventories | (100 m) | (201 m) | (125.3 m) | (80.6 m) | (180 m) | (65.6 m) | (32.4 m) | (120.2 m) | (20.2 m) |

## Accounts Payable | 8 m | 48.2 m | 46.5 m | 29.2 m | 58.7 m | 47.2 m | 25.6 m | 38.3 m | 74.4 m |

## Cash From Operating Activities | 221.7 m | 198.3 m | 672.1 m | 279.7 m | 392.9 m | 960.7 m | 322.5 m | 345 m | 887.1 m |

## Capital Expenditures | (73.2 m) | (157.4 m) | (282.7 m) | (106 m) | (193.5 m) | (290.2 m) | (46.9 m) | (99.2 m) | (147.7 m) |

## Cash From Investing Activities | (77.7 m) | (172.4 m) | (311.8 m) | (114.3 m) | (202.5 m) | (296.5 m) | (527.7 m) | (585.5 m) | (632.8 m) |

## Cash From Financing Activities | 22.8 m | 36.8 m | (353 m) | (337.8 m) | (736 m) | (940.7 m) | (156.2 m) | (270 m) | (578.2 m) |

## Interest Paid | 173 k | 341 k | 537 k | 190 k | 381 k | 427 k | 300 k | 1.7 m | 3.1 m |

## Income Taxes Paid | 51.2 m | 240.7 m | 315.6 m | 61.4 m | 133.7 m | 205.8 m | 16.3 m | 103 m | 164.7 m |

## Free Cash Flow | 148.5 m | 40.9 m | 389.3 m | 173.7 m | 199.4 m | 670.5 m | 275.6 m | 245.8 m | 739.4 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 354.1 k |

## Financial Leverage | 1.5 x |

Michael Kors's Stores was reported to be 668 in FY, 2016

Acquired Company | Date | Deal Size |
---|---|---|

Jimmy Choo | July 25, 2017 | £896 m |