CINTAS CORP

10-K & 10-Q Filings

Cintas Corporation is a Washington corporation that helps businesses get "Ready" by providing a range of products and services to enhance their image and keep their facilities and employees clean, safe, and looking their best. The company was founded in 1968 and has since expanded its offerings beyond uniforms to include facility services, first aid and safety products, and more. Cintas operates in the United States, Canada, and Latin America, with approximately 11,500 local delivery routes, 461 operational facilities, and 12 distribution centers. The company's website is www.cintas.com, and its ticker symbol is NASDAQ: CTAS. Cintas' business segments include Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment provides rental and servicing of uniforms and other garments, mats, mops, and ancillary items, as well as restroom cleaning services and supplies. The First Aid and Safety Services segment offers first aid and safety products and services. The All Other segment includes the Fire Protection Services operating segment and the Uniform Direct Sale operating segment. Cintas is committed to sourcing responsibly and complying with various environmental, health and safety regulations.

12 mos ending May 31, 201212 mos ending May 31, 201312 mos ending May 31, 201412 mos ending May 31, 201512 mos ending May 31, 201612 mos ending May 31, 201712 mos ending May 31, 201812 mos ending May 31, 201912 mos ending May 31, 202012 mos ending May 31, 202112 mos ending May 31, 202212 mos ending May 31, 20239 mos ending Feb 28, 20239 mos ending Feb 29, 2024CAGR %YoY %Revenue (+)
$4102.00
4316.47
4551.81
4476.89
4905.46
5323.38
6476.63
6892.30
7085.12
7116.34
7854.46
8815.77
6531.30
7125.68
7.20%9.10%Cost of Revenue (-)
$
2529.40
3763.72
3851.37
3801.69
4222.21
4642.40
3446.71
3654.71
6.03%Gross Profit (+)
$
3128.59
3233.75
3314.65
3632.25
4173.37
3084.59
3470.97
12.53%Selling, General & Administrative (-)
$1198.98
1221.86
1302.75
1224.93
1348.12
1527.38
1916.79
1980.64
2071.05
1929.16
2044.88
2370.70
1752.72
1949.93
6.39%11.25%Non-recurring Operating Expenses (-)
$
44.62
Operating Expenses (-)
$1198.98
1221.86
1347.38
1203.19
1348.12
1606.60
1958.69
1995.05
2071.05
1929.16
2044.88
2370.70
1752.72
1949.93
6.39%11.25%Costs & Expenses (Total) (-)
$3562.37
3751.26
3984.80
3758.74
4123.71
4549.69
5526.80
5758.77
5922.42
5730.85
6267.09
7013.10
5199.43
5604.64
6.35%7.79%Operating Income/Loss (+)
$539.63
565.21
567.01
696.41
781.75
773.69
949.83
1133.53
1162.70
1385.49
1587.37
1802.66
1331.87
1521.04
11.59%14.20%Non-operating Income/Expense (+)
$1.94
0.41
0.23
22.08
0.90
0.24
1.34
1.23
0.99
0.47
0.24
1.72
0.87
2.12
-1.12%143.23%Interest Expense (-)
$70.63
65.71
65.82
65.16
64.52
86.52
110.17
101.74
105.39
98.21
88.84
111.23
85.46
76.66
4.22%-10.29%Earnings before Tax (+)
$470.94
499.91
607.86
658.28
718.12
687.40
841.00
1102.40
1058.29
1287.75
1498.77
1693.15
1247.28
1446.50
12.34%15.97%Tax Expense (-)
$173.31
184.47
233.42
219.76
181.93
176.78
263.01
345.14
245.47
289.22
6.46%17.82%Income/Loss (Continuing Operations) (+)
$297.64
315.44
374.44
408.08
456.94
457.29
783.93
882.63
876.36
1110.97
1235.76
1348.01
1001.81
1157.28
14.72%15.52%Income/Loss (Discontinued Operations) (+)
$
22.54
236.58
23.42
58.65
2.35
-0.32
Net Income/Loss (+)
$297.64
315.44
374.44
430.62
693.52
480.71
842.59
884.98
876.04
1110.97
1235.76
1348.01
1001.81
1157.28
14.72%15.52%Net Income/Loss (Common) (+)
$297.64
315.44
374.44
430.62
693.52
480.71
842.59
884.98
876.04
1110.97
1235.76
1348.01
1001.81
1157.28
14.72%15.52%EPS (Basic)
$2.27
2.53
3.08
3.68
6.30
4.49
7.78
8.25
8.36
10.52
11.92
13.21
9.82
11.34
17.36%15.48%EPS (Diluted)
$2.27
2.52
3.05
3.63
6.21
4.38
7.56
7.99
8.11
10.24
11.65
12.99
9.65
11.15
17.18%15.54%Weighted Avg Shares (Basic)
126.53
122.32
116.40
110.21
104.21
105.44
106.28
102.49
103.50
102.97
101.19
101.74
101.70
101.46
-1.96%-0.23%Cash
$339.82
352.27
513.29
417.07
139.36
169.27
138.72
96.64
145.40
493.64
90.47
124.15
88.56
128.48
-8.75%45.08%Short-term Investments
$
5.68
Receivables
$450.86
496.05
508.43
496.13
563.18
736.01
804.58
910.12
870.37
901.71
1006.22
1152.99
1133.10
1262.08
8.91%11.38%Inventory
$251.21
240.44
251.24
226.21
249.36
278.22
280.35
334.59
408.90
481.80
472.15
506.60
531.27
451.21
6.58%-15.07%Prepaid Expenses (Current)
$24.70
24.53
26.19
24.03
26.07
30.13
32.38
103.32
114.62
133.78
124.73
142.79
155.21
163.62
17.29%5.42%Other Assets (Current)
$474.97
505.85
506.54
556.28
612.07
740.85
721.89
791.61
770.41
832.39
938.41
1011.92
1002.02
1025.60
7.12%2.35%Assets (Current)
$1541.57
1624.83
1805.68
1735.81
1590.04
1954.48
1977.93
2236.28
2309.70
2843.31
2631.98
2938.46
2910.16
3031.00
6.04%4.15%Securities & Long-term Investments
$
458.36
329.69
124.95
164.80
175.60
192.35
214.85
274.62
242.87
247.19
241.80
294.26
21.70%Property, Plant & Equipment (Net)
$944.30
986.70
855.70
871.42
994.24
1323.50
1382.73
1430.68
1563.03
1486.97
1493.68
1574.94
1536.70
1692.32
4.76%10.13%Goodwill & Intangibles
$1485.38
1517.56
1267.41
1195.61
1291.59
2782.34
2846.89
2842.44
2870.02
2913.07
3042.98
3056.20
3043.58
3212.43
6.78%5.55%Other Assets
$189.66
216.54
75.30
59.93
103.58
618.96
575.08
734.91
712.29
718.86
735.75
729.57
733.77
748.86
13.03%2.06%Assets (Non-current)
$2619.34
2720.81
2656.77
2456.65
2514.36
4889.59
4980.30
5200.38
5360.19
5393.51
5515.27
5607.90
5555.85
5947.88
7.17%7.06%Assets (Total)
$4160.91
4345.63
4462.45
4192.46
4104.39
6844.06
6958.21
7436.66
7669.89
8236.82
8147.26
8546.36
8466.00
8978.88
6.76%6.06%Accounts Payable
$442.70
470.90
540.78
507.96
565.56
756.50
775.86
815.47
842.16
991.16
1077.44
1186.35
1096.24
1229.46
9.38%12.15%Debt (Current)
$225.64
8.19
0.50
250.00
362.90
312.26
899.07
311.57
249.05
Other Liabilities (Current)
$2.56
77.17
88.84
113.09
11.46
43.03
43.85
43.87
43.71
42.97
44.43
29.43%3.40%Liabilities (Current)
$670.89
556.26
630.13
621.06
815.55
1130.85
775.86
1127.73
885.20
1934.09
1432.89
1230.06
1388.26
1273.89
5.67%-8.24%Debt (Non-current)
$1059.17
1300.98
1300.48
1300.00
1050.00
2770.62
2535.31
2537.51
2539.70
1642.83
2483.93
2486.41
2485.95
2474.91
8.07%-0.44%Other Liabilities
$291.71
286.90
338.99
338.95
396.18
639.79
630.52
768.70
1009.78
972.06
922.24
965.90
958.53
995.99
11.50%3.91%Liabilities (Non-current)
$1350.88
1587.88
1639.46
1638.95
1446.18
3410.41
3165.83
3306.21
3549.49
2614.89
3406.17
3452.31
3444.48
3470.90
8.90%0.77%Liabilities (Total)
$2021.77
2144.14
2269.59
2260.01
2261.73
4541.26
3941.69
4433.94
4434.68
4548.98
4839.06
4682.37
4832.74
4744.79
7.93%-1.82%Treasury Stock
$1634.88
1850.56
2221.16
2773.13
3553.28
3574.00
3701.32
4717.62
5182.14
5736.26
7290.80
7842.65
7793.14
8439.82
15.32%8.30%Retained Earnings
$3482.07
3717.77
3998.89
4227.62
4805.87
5170.83
5837.83
6691.24
7296.51
7877.02
8719.16
9597.32
9368.68
10341.25
9.65%10.38%AOCI
$36.66
38.12
28.43
-8.47
-24.87
-3.03
16.34
-39.15
-153.38
30.89
107.92
77.78
76.10
86.32
7.08%13.43%Shareholder's Equity
$2139.14
2201.49
2192.86
1932.45
1842.66
2302.79
3016.53
3002.72
3235.20
3687.85
3308.20
3863.99
3633.26
4234.08
5.52%16.54%Liabilities & Equity
$4160.91
4345.63
4462.45
4192.46
4104.39
6844.06
6958.21
7436.66
7669.89
8236.82
8147.26
8546.36
8466.00
8978.88
6.76%6.06%Net Income/Loss
$297.64
315.44
374.44
430.62
693.52
480.71
842.59
884.98
876.04
1110.97
1235.76
1348.01
1001.81
1157.28
14.72%15.52%Depreciation & Amortization
$194.16
189.38
190.86
155.08
165.28
196.59
279.42
360.09
379.05
387.95
399.70
409.16
304.08
327.45
7.01%7.69%Increase/Decrease in Working Capital
$42.25
-24.62
-77.03
-4.04
102.39
30.14
174.28
243.85
88.26
233.30
164.86
262.98
337.03
182.48
18.08%-45.86%Share-based Compensation
$20.31
23.31
29.88
47.00
79.29
88.87
112.83
139.21
115.44
112.03
109.31
103.62
75.33
84.49
15.97%12.15%Adjustments to Reconcile Net Income
$172.22
237.31
233.53
149.66
-227.67
283.15
121.57
182.88
415.45
249.77
301.87
249.80
42.38
229.46
3.44%441.42%Net Cash (Operating)
$469.86
552.75
607.97
580.28
465.85
763.89
964.16
1067.86
1291.48
1360.74
1537.63
1597.81
1044.19
1386.74
11.77%32.81%Capital Expenditure
$185.67
265.86
-0.34
41.51
-184.21
2347.41
163.21
283.33
270.71
121.80
389.55
377.47
257.10
492.59
6.66%91.59%Net Cash (Investing)
$-104.29
-284.18
-16.54
89.97
128.38
-2310.35
-135.70
-235.64
-285.40
-137.22
-402.63
-388.67
-268.61
-503.28
-87.36%Increase/Decrease in Debt
$-1.32
24.36
-8.19
-0.52
-0.02
1732.73
-600.50
312.50
-312.50
251.71
-311.20
-62.20
-13.45
78.38%Increase/Decrease in Equity
$-388.99
-200.87
-328.70
-511.74
-751.92
-5.92
-85.47
-950.93
-374.00
-424.16
-1408.14
-395.84
-367.98
-466.87
-26.88%Dividends Paid
$70.82
79.74
93.32
201.89
115.27
142.43
175.59
220.76
267.96
451.33
375.12
449.92
332.42
393.31
18.30%18.32%Net Cash (Financing)
$-460.57
-256.06
-429.74
-712.56
-866.72
1578.50
-864.14
-873.30
-955.21
-879.87
-1537.94
-1172.84
-774.59
-879.47
-13.54%Effect of Exchange Rate
$-3.27
-0.06
-0.68
-8.92
-5.22
-2.13
5.14
-1.00
-2.12
4.58
-0.22
-2.63
-2.90
0.34
111.78%Increase/Decrease in Cash
$-98.28
12.45
161.01
-96.22
-277.72
29.91
-30.54
-42.08
48.76
348.24
-403.17
33.68
-1.91
4.33
327.15%Cash (Beginning)
$438.11
339.82
352.27
513.29
417.07
139.36
169.27
138.72
96.64
145.40
493.64
90.47
90.47
124.15
-13.36%37.23%Cash (Ending)
$339.82
352.27
513.29
417.07
139.36
169.27
138.72
96.64
145.40
493.64
90.47
124.15
88.56
128.48
-8.75%45.08%NOPAT
$341.04
356.65
349.28
907.56
962.82
1195.29
1308.81
1435.20
1069.75
1216.92
13.96%13.76%Gross Margin %
45.39%
45.64%
46.58%
46.24%
47.34%
47.23%
48.71%
Operating Margin %
13.16%
13.09%
12.46%
15.56%
15.94%
14.53%
14.67%
16.45%
16.41%
19.47%
20.21%
20.45%
20.39%
21.35%
NOPAT Margin %
8.31%
8.26%
7.67%
13.17%
13.59%
16.80%
16.66%
16.28%
16.38%
17.08%
Net Margin %
7.26%
7.31%
8.23%
9.62%
14.14%
9.03%
13.01%
12.84%
12.36%
15.61%
15.73%
15.29%
15.34%
16.24%
Tax Rate %
36.80%
36.90%
38.40%
19.94%
17.19%
13.73%
17.55%
20.38%
19.68%
19.99%
ROA
8.20%
8.21%
7.83%
12.20%
12.55%
14.51%
16.06%
16.79%
12.64%
13.55%
ROE
15.94%
16.20%
15.93%
30.22%
29.76%
32.41%
39.56%
37.14%
29.44%
28.74%
ROIC
11.17%
11.47%
12.57%
18.51%
18.85%
22.14%
25.51%
26.83%
19.92%
21.51%
Asset Turnover
0.99
0.99
1.02
1.07
1.20
0.78
0.93
0.93
0.92
0.86
0.96
1.03
0.77
0.79
Inventory Turnover
10.52
11.25
9.42
7.89
8.94
9.16
6.49
8.10
Equity Multiplier
1.95
1.97
2.03
2.17
2.23
2.97
2.31
2.48
2.37
2.23
2.46
2.21
2.33
2.12
Current Ratio
2.30
2.92
2.87
2.77
1.95
1.73
2.55
1.98
2.61
1.47
1.84
2.39
2.10
2.38
Quick Ratio
1.18
1.54
1.62
1.47
0.86
0.80
1.22
0.89
1.15
0.72
0.77
1.04
0.88
1.09
Debt/Equity Ratio
0.60
0.59
0.59
0.67
0.71
1.36
0.84
0.95
0.79
0.69
0.85
0.64
0.75
0.58
Working Capital/Sales
0.15
0.14
0.14
0.13
0.08
0.08
0.07
0.09
0.10
0.14
0.08
0.08
0.12
0.11
Dividend Payout Ratio %
20.77%
22.36%
26.72%
24.32%
27.83%
37.76%
28.66%
31.35%
31.07%
32.32%
Total Payout
$461.13
256.25
430.20
714.15
867.21
-1584.38
861.56
859.19
954.46
875.49
1531.55
1156.96
762.60
873.63
8.72%14.56%Payout Ratio %
135.21%
71.85%
123.17%
94.67%
99.13%
73.24%
117.02%
80.61%
71.29%
71.79%