10-Q Filing

CINTAS CORP CIK: 723254 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000723254-13-000019`
Period End Date	20130831
Filing Date	20131010
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ctas-20130831.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 (dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, no par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, no par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, no par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	174.79M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	175.49M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	120.78M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	122.28M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$319.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$278.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$339.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$352.27M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$5.68M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$4.19M	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	52.50M	shares	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	54.71M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$496.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$511.64M	USD	Point-in-time
Inventories, net	`InventoryNet`	$240.44M	USD	Point-in-time
Inventories, net	`InventoryNet`	$245.47M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$500.38M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$496.75M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$9.10M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$24.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$31.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.62B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.57B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$991.33M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$986.70M	USD	Point-in-time
Goodwill	`Goodwill`	$1.53B	USD	Point-in-time
Goodwill	`Goodwill`	$1.52B	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$93.12M	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$92.15M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$123.43M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$124.39M	USD	Point-in-time
Total assets	`Assets`	$4.16B	USD	Point-in-time
Total assets	`Assets`	$4.35B	USD	Point-in-time
Total assets	`Assets`	$4.31B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.03M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$78.05M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$43.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$235.24M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$271.82M	USD	Point-in-time
Income taxes, current	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes, current	`AccruedIncomeTaxesCurrent`	$23.37M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$77.17M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesCurrent`	$80.69M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$8.19M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$8.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$556.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$515.70M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$1.30B	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$1.30B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$214.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$210.48M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$76.42M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$84.45M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.60B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.59B	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 2014: 175,492,504 issued and 120,778,629 outstanding; FY 2013: 174,786,010 issued and 122,281,507 outstanding	`CommonStockValue`	$186.33M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2014: 175,492,504 issued and 120,778,629 outstanding; FY 2013: 174,786,010 issued and 122,281,507 outstanding	`CommonStockValue`	$217.11M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$109.82M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$102.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.80B	USD	Point-in-time
Treasury stock: FY 2014: 54,713,875 shares; FY 2013: 52,504,503 shares	`TreasuryStockValue`	$1.96B	USD	Point-in-time
Treasury stock: FY 2014: 54,713,875 shares; FY 2013: 52,504,503 shares	`TreasuryStockValue`	$1.85B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.95M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$38.12M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.20B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.20B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.31B	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`	$792.87M	USD	1 Quarter
Other services	`RevenueOtherServices`	$296.48M	USD	1 Quarter
Other services	`RevenueOtherServices`	$327.48M	USD	1 Quarter
Total revenue	`Revenues`	$1.12B	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`	$454.73M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$177.30M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$199.63M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$306.58M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$325.91M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$139.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$140.07M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$77.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$122.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$123.61M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$45.86M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$46.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.75M	USD	1 Quarter
Basic earnings per share (dollars per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Basic earnings per share (dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Diluted earnings per share (dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Diluted earnings per share (dollars per share)	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$76.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.75M	USD	1 Quarter
Depreciation	`Depreciation`	$42.57M	USD	1 Quarter
Depreciation	`Depreciation`	$40.34M	USD	1 Quarter
Amortization of intangible assets	`AdjustmentForAmortization`	$5.82M	USD	1 Quarter
Amortization of intangible assets	`AdjustmentForAmortization`	$6.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.45M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.37M	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`	$14.90M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-9.89M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$5.26M	USD	1 Quarter
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$8.67M	USD	1 Quarter
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$4.15M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.22M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.39M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.28M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.92M	USD	1 Quarter
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-34.78M	USD	1 Quarter
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-50.79M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-27.40M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-27.21M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$32.66M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$29.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$94.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$82.56M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.46M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.44M	USD	1 Quarter
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$35.23M	USD	1 Quarter
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.72M	USD	1 Quarter
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$36.97M	USD	1 Quarter
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$32.94M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$32.22M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.13M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-382.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-577.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-61.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-67.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$250.00M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$167.00K	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`	$14.09M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$77.95M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$106.98M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.49M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.13M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-55.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-88.93M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-225.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.25M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-73.60M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-20.61M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$319.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$278.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$339.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$352.27M	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`	$278.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$339.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$352.27M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$76.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.75M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.02M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-646.00K	USD	1 Quarter
Change in fair value of derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Change in fair value of derivatives	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-151.00K	USD	1 Quarter
Amortization of interest rate lock agreements	`OtherComprehensiveIncomeLossAmortizationOfInterestRateLockAgreementsPeriodDecreaseIncrease`	$488.00K	USD	1 Quarter
Amortization of interest rate lock agreements	`OtherComprehensiveIncomeLossAmortizationOfInterestRateLockAgreementsPeriodDecreaseIncrease`	$488.00K	USD	1 Quarter
Change in fair value of available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.00K	USD	1 Quarter
Change in fair value of available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-14.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-172.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$7.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$84.08M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$77.58M	USD	1 Quarter

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