10-Q Filing

CINTAS CORP CIK: 723254 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000723254-12-000009`
Period End Date	20120831
Filing Date	20121010
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ctas-20120831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 28 Cash Flow Statement 64 Comprehensive Income 14

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, no par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, no par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares outstanding ( in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding ( in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	173.75M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	174.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	126.52M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$319.22M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	125.12M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$339.82M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$10.95M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	49.24M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	47.23M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$450.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$459.30M	USD	Point-in-time
Inventories, net	`InventoryNet`	$241.70M	USD	Point-in-time
Inventories, net	`InventoryNet`	$251.21M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$462.54M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$452.79M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$22.19M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$24.70M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$30.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.54B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.52B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$944.30M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$953.76M	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$72.30M	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$76.82M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$113.20M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$112.84M	USD	Point-in-time
Total assets	`Assets`	$4.15B	USD	Point-in-time
Total assets	`Assets`	$4.13B	USD	Point-in-time
Total assets	`Assets`	$4.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$110.91M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$40.53M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$91.21M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$213.44M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$256.64M	USD	Point-in-time
Income taxes, current	`AccruedIncomeTaxesCurrent`	$7.93M	USD	Point-in-time
Income taxes, current	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$10.67M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$225.64M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$636.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$670.89M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$1.06B	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$1.31B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$204.58M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$206.86M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$87.13M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$97.84M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.35B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.61B	USD	Point-in-time
Preferred stock, no par value: 100,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value: 100,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2013: 174,357,822 issued and 125,117,508 outstanding FY 2012: 173,745,913 issued and 126,519,758 outstanding	`CommonStockValue`	$148.25M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2013: 174,357,822 issued and 125,117,508 outstanding FY 2012: 173,745,913 issued and 126,519,758 outstanding	`CommonStockValue`	$171.09M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$93.33M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$107.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.48B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.56B	USD	Point-in-time
Treasury stock: FY 2013: 49,240,314 shares FY 2012: 47,226,155 shares	`TreasuryStockValue`	$1.71B	USD	Point-in-time
Treasury stock: FY 2013: 49,240,314 shares FY 2012: 47,226,155 shares	`TreasuryStockValue`	$1.63B	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.66M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.02M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.14B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.15B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.16B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.15B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$754.84M	USD	1 Quarter
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$719.42M	USD	1 Quarter
Other services	`RevenueOtherServices`	$296.48M	USD	1 Quarter
Other services	`RevenueOtherServices`	$297.76M	USD	1 Quarter
Total revenue	`Revenues`	$1.02B	USD	1 Quarter
Total revenue	`Revenues`	$1.05B	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$428.15M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$403.41M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$174.73M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$177.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$306.58M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$310.47M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$128.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$139.29M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$77.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$365.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$111.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$122.77M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$46.04M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$42.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$68.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.73M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$68.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.73M	USD	1 Quarter
Depreciation	`Depreciation`	$40.34M	USD	1 Quarter
Depreciation	`Depreciation`	$38.28M	USD	1 Quarter
Amortization of intangible assets	`AdjustmentForAmortization`	$6.10M	USD	1 Quarter
Amortization of intangible assets	`AdjustmentForAmortization`	$10.23M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.52M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.45M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$7.81M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.72M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$7.13M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.14M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-9.89M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$30.77M	USD	1 Quarter
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$8.67M	USD	1 Quarter
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$11.12M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.98M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.39M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.33M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.28M	USD	1 Quarter
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-50.79M	USD	1 Quarter
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-27.61M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-27.40M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.20M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$29.74M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$47.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$56.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$94.86M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.44M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.42M	USD	1 Quarter
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.72M	USD	1 Quarter
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$63.56M	USD	1 Quarter
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$107.14M	USD	1 Quarter
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$36.97M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.13M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$870.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.54M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-577.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-82.34M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-61.24M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$250.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$444.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$225.15M	USD	1 Quarter
Proceeds from exercise of stock-based compensation awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.12M	USD	1 Quarter
Proceeds from exercise of stock-based compensation awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$77.95M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$262.64M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$926.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-262.16M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-55.48M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.25M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$137.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-20.61M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-287.79M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$319.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$339.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$150.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$319.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$339.82M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$68.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.73M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.02M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$218.00K	USD	1 Quarter
Change in fair value of derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$153.00K	USD	1 Quarter
Change in fair value of derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$-151.00K	USD	1 Quarter
Amortization of interest rate lock agreements	`OtherComprehensiveIncomeLossAmortizationOfInterestRateLockAgreementsPeriodIncreaseDecrease`	$488.00K	USD	1 Quarter
Amortization of interest rate lock agreements	`OtherComprehensiveIncomeLossAmortizationOfInterestRateLockAgreementsPeriodIncreaseDecrease`	$377.00K	USD	1 Quarter
Change in fair value of available-for-sale securities	`OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-2.00K	USD	1 Quarter
Change in fair value of available-for-sale securities	`OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease`	$18.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$7.35M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$766.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$84.08M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$69.40M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.