10-Q Filing

CINTAS CORP CIK: 723254 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-10-051814`
Period End Date	20100831
Filing Date	20101008
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	ctas-20100831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 29 Cash Flow Statement 60

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, no par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock authorized, shares	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock authorized, shares	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock outstanding, shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding, shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Common stock authorized, shares	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock authorized, shares	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$290.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.31M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$154.81M	USD	Point-in-time
Common stock issued, shares	`CommonStockSharesIssued`	173.34M	shares	Point-in-time
Common stock issued, shares	`CommonStockSharesIssued`	173.21M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$78.80M	USD	Point-in-time
Common stock outstanding, shares	`CommonStockSharesOutstanding`	148.01M	shares	Point-in-time
Common stock outstanding, shares	`CommonStockSharesOutstanding`	152.87M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$366.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$383.94M	USD	Point-in-time
Inventories, net	`InventoryNet`	$184.36M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	20.34M	shares	Point-in-time
Inventories, net	`InventoryNet`	$169.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.33M	shares	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$347.59M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$332.11M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$15.69M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$52.41M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$52.91M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$33.90M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$22.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.37B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.52B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$894.52M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$915.36M	USD	Point-in-time
Goodwill	`Goodwill`	$1.36B	USD	Point-in-time
Goodwill	`Goodwill`	$1.40B	USD	Point-in-time
Service contracts, net	`FiniteLivedIntangibleAssetsNet`	$103.44M	USD	Point-in-time
Service contracts, net	`FiniteLivedIntangibleAssetsNet`	$102.66M	USD	Point-in-time
Other assets, net	`OtherAssetsNet`	$89.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNet`	$99.94M	USD	Point-in-time
Total assets	`Assets`	$3.89B	USD	Point-in-time
Total assets	`Assets`	$3.97B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$81.31M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$66.92M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$45.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$219.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$244.40M	USD	Point-in-time
Income taxes, current	`AccruedIncomeTaxesCurrent`	$10.83M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$609.00K	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$1.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$359.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$383.68M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$785.44M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$785.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$148.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$150.56M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$127.58M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$116.02M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.06B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.05B	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 2011: 173,338,299 issued and 148,009,335 outstanding, FY 2010: 173,207,493 issued and 152,869,848 outstanding	`CommonStockValue`	$135.17M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2011: 173,338,299 issued and 148,009,335 outstanding, FY 2010: 173,207,493 issued and 152,869,848 outstanding	`CommonStockValue`	$132.06M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.62M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.14B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.08B	USD	Point-in-time
Treasury stock: FY 2011: 25,328,964 shares, FY 2010: 20,337,645 shares	`TreasuryStockValue`	$930.19M	USD	Point-in-time
Treasury stock: FY 2011: 25,328,964 shares, FY 2010: 20,337,645 shares	`TreasuryStockValue`	$798.86M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.13M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$39.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.89B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.97B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$655.64M	USD	1 Quarter
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$657.56M	USD	1 Quarter
Other services	`RevenueOtherServices`	$235.93M	USD	1 Quarter
Other services	`RevenueOtherServices`	$266.34M	USD	1 Quarter
Total revenue	`Revenues`	$891.57M	USD	1 Quarter
Total revenue	`Revenues`	$923.90M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$362.93M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$371.51M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$158.72M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$145.84M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$264.43M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$293.43M	USD	1 Quarter
Legal settlement, net of insurance proceeds	`LegalSettlements`	$19.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$98.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$100.25M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$578.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$359.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.27M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$87.21M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$88.55M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$33.23M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$27.27M	USD	1 Quarter
Net income	`ProfitLoss`	$53.98M	USD	1 Quarter
Net income	`ProfitLoss`	$61.28M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$53.98M	USD	1 Quarter
Net income	`ProfitLoss`	$61.28M	USD	1 Quarter
Depreciation	`Depreciation`	$38.55M	USD	1 Quarter
Depreciation	`Depreciation`	$37.36M	USD	1 Quarter
Amortization of deferred charges	`AdjustmentForAmortization`	$10.43M	USD	1 Quarter
Amortization of deferred charges	`AdjustmentForAmortization`	$10.36M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.05M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.63M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-412.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.54M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$13.75M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.43M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$14.80M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-16.98M	USD	1 Quarter
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$15.48M	USD	1 Quarter
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$-5.99M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.92M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.42M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.48M	USD	1 Quarter
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-21.35M	USD	1 Quarter
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.12M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOther`	$-6.43M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOther`	$-32.93M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivableAndPayable`	$-32.21M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivableAndPayable`	$-26.53M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$144.89M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.82M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.20M	USD	1 Quarter
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$77.65M	USD	1 Quarter
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$19.26M	USD	1 Quarter
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$6.42M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$47.82M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.63M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$25.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.74M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.54M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$148.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$179.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$131.34M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$959.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.18M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$516.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-127.76M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-622.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-623.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$30.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-120.64M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$97.57M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$290.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$290.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$227.31M	USD	Point-in-time

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