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10-Q Filing

CINTAS CORP CIK: 723254 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000723254-14-000033
Period End Date 20140831
Filing Date 20141010
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance ctas-20140831.xml
Filing Contents
Balance Sheet 87 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $278.67M USD 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $352.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $513.29M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $581.45M USD Point-in-time
Common stock, no par value (dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $489.21M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $508.43M USD Point-in-time
Common stock, no par value (dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Inventories, net InventoryNet $249.82M 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
Inventories, net InventoryNet $251.24M USD Point-in-time
Uniforms and other rental items in service UniformsAndOtherRentalItemsInService $506.54M USD Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 176.38M shares Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 175.32M shares Point-in-time
Uniforms and other rental items in service UniformsAndOtherRentalItemsInService $513.62M USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 117.04M shares Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 116.99M shares Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $151.26M USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 59.34M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $26.19M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $27.59M USD Point-in-time
Treasury stock, shares (shares) TreasuryStockShares 60.32M shares Point-in-time
Total current assets AssetsCurrent $2.01B USD Point-in-time
Total current assets AssetsCurrent $1.81B USD Point-in-time
Property and equipment, at cost, net PropertyPlantAndEquipmentNet $855.70M USD Point-in-time
Property and equipment, at cost, net PropertyPlantAndEquipmentNet $838.49M USD Point-in-time
Investments Investments $458.36M USD Point-in-time
Investments Investments $451.90M USD Point-in-time
Goodwill Goodwill $1.19B USD Point-in-time
Goodwill Goodwill $1.27B USD Point-in-time
Service contracts, net ServiceContractsFiniteLivedIntangibleAssetsNet $55.67M USD Point-in-time
Service contracts, net ServiceContractsFiniteLivedIntangibleAssetsNet $44.19M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $18.78M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $19.63M USD Point-in-time
Total assets Assets $4.46B USD Point-in-time
Total assets Assets $4.31B USD Point-in-time
Total assets Assets $4.56B USD Point-in-time
Accounts payable AccountsPayableCurrent $150.07M USD Point-in-time
Accounts payable AccountsPayableCurrent $141.79M USD Point-in-time
Accrued compensation and related liabilities EmployeeRelatedLiabilitiesCurrent $85.03M USD Point-in-time
Accrued compensation and related liabilities EmployeeRelatedLiabilitiesCurrent $44.06M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $299.73M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $292.55M USD Point-in-time
Income taxes, current AccruedIncomeTaxesCurrent $54.59M USD Point-in-time
Income taxes, current AccruedIncomeTaxesCurrent $5.96M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesCurrent $87.84M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesCurrent $88.84M USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $15.17M USD Point-in-time
Long-term debt due within one year LongTermDebtCurrent $503.00K USD Point-in-time
Long-term debt due within one year LongTermDebtCurrent - USD Point-in-time
Total current liabilities LiabilitiesCurrent $630.13M USD Point-in-time
Total current liabilities LiabilitiesCurrent $636.01M 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 $242.46M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $246.04M USD Point-in-time
Accrued liabilities AccountsPayableAndAccruedLiabilitiesNoncurrent $92.94M USD Point-in-time
Accrued liabilities AccountsPayableAndAccruedLiabilitiesNoncurrent $105.83M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.65B USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $1.64B 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 2015: 177,315,907 issued and 116,991,574 outstanding; FY 2014: 176,378,412 issued and 117,037,784 outstanding CommonStockValue $251.75M USD Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2015: 177,315,907 issued and 116,991,574 outstanding; FY 2014: 176,378,412 issued and 117,037,784 outstanding CommonStockValue $294.80M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $123.95M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $134.94M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.11B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.00B USD Point-in-time
Treasury stock: FY 2015: 60,324,333 shares; FY 2014: 59,340,628 shares TreasuryStockValue $2.28B USD Point-in-time
Treasury stock: FY 2015: 60,324,333 shares; FY 2014: 59,340,628 shares TreasuryStockValue $2.22B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $28.43M 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
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $26.82M USD Point-in-time
Total shareholders equity StockholdersEquity $2.19B USD Point-in-time
Total shareholders equity StockholdersEquity $2.27B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $4.46B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $4.56B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Rental uniforms and ancillary products RevenueRentalUniformsAndAncillaryProducts $792.87M USD 1 Quarter
Rental uniforms and ancillary products RevenueRentalUniformsAndAncillaryProducts $856.87M USD 1 Quarter
Other services RevenueOtherServices $245.21M USD 1 Quarter
Other services RevenueOtherServices $307.38M USD 1 Quarter
Total revenue Revenues $1.10B USD 1 Quarter
Total revenue Revenues $1.10B USD 1 Quarter
Cost of rental uniforms and ancillary products CostOfRentalUniformsAndAncillaryProducts $470.61M USD 1 Quarter
Cost of rental uniforms and ancillary products CostOfRentalUniformsAndAncillaryProducts $454.73M USD 1 Quarter
Cost of other services CostOfOtherServices $189.42M USD 1 Quarter
Cost of other services CostOfOtherServices $153.52M USD 1 Quarter
Selling and administrative expenses SellingGeneralAndAdministrativeExpense $316.48M USD 1 Quarter
Selling and administrative expenses SellingGeneralAndAdministrativeExpense $314.46M USD 1 Quarter
Operating income OperatingIncomeLoss $139.61M USD 1 Quarter
Operating income OperatingIncomeLoss $163.49M USD 1 Quarter
Gain on deconsolidation of Shredding business DeconsolidationGainOrLossAmount - USD 1 Quarter
Gain on deconsolidation of Shredding business DeconsolidationGainOrLossAmount $6.62M USD 1 Quarter
Gain on sale of stock of an equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal - USD 1 Quarter
Gain on sale of stock of an equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $21.74M USD 1 Quarter
Interest income InvestmentIncomeInterest $68.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $53.00K USD 1 Quarter
Interest expense InterestExpense $16.52M USD 1 Quarter
Interest expense InterestExpense $16.58M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $175.32M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $123.16M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $45.76M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $65.53M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $109.79M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $77.40M USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $317.00K USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $356.00K USD 1 Quarter
Net income NetIncomeLoss $110.11M USD 1 Quarter
Net income NetIncomeLoss $77.75M USD 1 Quarter
Basic earnings per share, continuing operations (dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.94 USD 1 Quarter
Basic earnings per share, continuing operations (dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.63 USD 1 Quarter
Basic earnings per share, discontinued operations (dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Basic earnings per share, discontinued operations (dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Basic earnings per share (dollars per share) EarningsPerShareBasic $0.63 USD 1 Quarter
Basic earnings per share (dollars per share) EarningsPerShareBasic $0.94 USD 1 Quarter
Diluted earnings per share, continuing operations (dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.63 USD 1 Quarter
Diluted earnings per share, continuing operations (dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.93 USD 1 Quarter
Diluted earnings per share, discontinued operations (dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Diluted earnings per share, discontinued operations (dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Diluted earnings per share (dollars per share) EarningsPerShareDiluted $0.63 USD 1 Quarter
Diluted earnings per share (dollars per share) EarningsPerShareDiluted $0.93 USD 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $110.11M USD 1 Quarter
Net income NetIncomeLoss $77.75M USD 1 Quarter
Depreciation Depreciation $35.45M USD 1 Quarter
Depreciation Depreciation $42.57M USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $5.82M USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $4.21M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $6.98M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $12.28M USD 1 Quarter
Gain on deconsolidation of Shredding business DeconsolidationGainOrLossAmount - USD 1 Quarter
Gain on deconsolidation of Shredding business DeconsolidationGainOrLossAmount $6.62M USD 1 Quarter
Gain on sale of stock of an equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal - USD 1 Quarter
Gain on sale of stock of an equity method investment EquityMethodInvestmentRealizedGainLossOnDisposal $21.74M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-2.11M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-7.37M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $14.90M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-8.22M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $-1.38M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $5.26M USD 1 Quarter
Uniforms and other rental items in service IncreaseDecreaseInUniformsAndOtherRentalItemsInService $4.15M USD 1 Quarter
Uniforms and other rental items in service IncreaseDecreaseInUniformsAndOtherRentalItemsInService $7.11M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $7.22M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.88M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $2.92M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.32M USD 1 Quarter
Accrued compensation and related liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-41.26M USD 1 Quarter
Accrued compensation and related liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-34.78M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $10.38M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-27.21M USD 1 Quarter
Income taxes, current IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $48.01M USD 1 Quarter
Income taxes, current IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $32.66M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $148.20M 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 $68.05M USD 1 Quarter
Proceeds from redemption of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Proceeds from redemption of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $35.23M USD 1 Quarter
Purchase of marketable securities and investments PaymentsToAcquireInvestments $6.98M USD 1 Quarter
Purchase of marketable securities and investments PaymentsToAcquireInvestments $32.94M USD 1 Quarter
Proceeds from Shredding transaction ProceedsFromDivestitureOfBusinessesNetOfCashDivested $3.34M USD 1 Quarter
Proceeds from Shredding transaction ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Proceeds from sale of stock of an equity method investment ProceedsFromSaleOfEquityMethodInvestments $29.93M USD 1 Quarter
Proceeds from sale of stock of an equity method investment ProceedsFromSaleOfEquityMethodInvestments - USD 1 Quarter
Dividends received on equity method investment ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $5.25M USD 1 Quarter
Dividends received on equity method investment ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital - USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $32.22M USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $2.33M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-382.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-16.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-67.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-38.82M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $180.00K USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $167.00K USD 1 Quarter
Proceeds from exercise of stock-based compensation awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $14.09M USD 1 Quarter
Proceeds from exercise of stock-based compensation awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $13.62M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $61.44M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $106.98M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $4.13M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $6.80M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-41.20M 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 $-19.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-225.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-73.60M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $68.17M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $278.67M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $352.27M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $513.29M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $581.45M 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 $352.27M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $513.29M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $581.45M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $110.11M USD 1 Quarter
Net income NetIncomeLoss $77.75M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.12M 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 $17.00K USD 1 Quarter
Amortization of interest rate lock agreements OtherComprehensiveIncomeLossAmortizationofInterestRateLockAgreementsNetofTax $488.00K USD 1 Quarter
Amortization of interest rate lock agreements OtherComprehensiveIncomeLossAmortizationofInterestRateLockAgreementsNetofTax $488.00K USD 1 Quarter
Change in fair value of available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-14.00K USD 1 Quarter
Change in fair value of available-for-sale securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax - USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-1.61M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-172.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $108.50M 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.

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