10-Q Filing

CINTAS CORP CIK: 723254 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-000787`
Period End Date	20101130
Filing Date	20110107
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	ctas-20101130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 60 Cash Flow Statement 63

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, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`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
Common stock, shares authorized	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.75M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$342.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$23.62M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$154.81M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	173.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	173.21M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$366.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$402.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	145.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.87M	shares	Point-in-time
Inventories, net	`InventoryNet`	$169.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	20.34M	shares	Point-in-time
Inventories, net	`InventoryNet`	$208.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	28.04M	shares	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$332.11M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$364.56M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$15.69M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$13.77M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$53.35M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$52.41M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$22.86M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$27.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.35B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.52B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$923.53M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$894.52M	USD	Point-in-time
Goodwill	`Goodwill`	$1.44B	USD	Point-in-time
Goodwill	`Goodwill`	$1.36B	USD	Point-in-time
Service contracts, net	`FiniteLivedIntangibleAssetsNet`	$103.44M	USD	Point-in-time
Service contracts, net	`FiniteLivedIntangibleAssetsNet`	$104.75M	USD	Point-in-time
Other assets, net	`OtherAssetsNet`	$89.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNet`	$109.81M	USD	Point-in-time
Total assets	`Assets`	$3.97B	USD	Point-in-time
Total assets	`Assets`	$3.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.75M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$53.56M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$66.92M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$321.21M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$244.40M	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`	$1.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$383.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$468.80M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$785.22M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$785.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$145.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$150.56M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$134.09M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$116.02M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.05B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.06B	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: 173,341,299 issued and 145,301,073 outstanding FY 2010: 173,207,493 issued and 152,869,848 outstanding	`CommonStockValue`	$132.06M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2011: 173,341,299 issued and 145,301,073 outstanding FY 2010: 173,207,493 issued and 152,869,848 outstanding	`CommonStockValue`	$135.25M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.62M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$87.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.08B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.13B	USD	Point-in-time
Treasury stock: FY 2011: 28,040,226 shares FY 2010: 20,337,645 shares	`TreasuryStockValue`	$1.00B	USD	Point-in-time
Treasury stock: FY 2011: 28,040,226 shares FY 2010: 20,337,645 shares	`TreasuryStockValue`	$798.86M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$49.29M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.93B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.97B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$643.60M	USD	1 Quarter
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$657.85M	USD	1 Quarter
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$1.32B	USD	2 Qtrs
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$1.30B	USD	2 Qtrs
Other services	`RevenueOtherServices`	$278.72M	USD	1 Quarter
Other services	`RevenueOtherServices`	$476.84M	USD	2 Qtrs
Other services	`RevenueOtherServices`	$545.06M	USD	2 Qtrs
Other services	`RevenueOtherServices`	$240.91M	USD	1 Quarter
Total revenue	`Revenues`	$884.51M	USD	1 Quarter
Total revenue	`Revenues`	$1.86B	USD	2 Qtrs
Total revenue	`Revenues`	$1.78B	USD	2 Qtrs
Total revenue	`Revenues`	$936.57M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$726.66M	USD	2 Qtrs
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$363.73M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$377.47M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$748.99M	USD	2 Qtrs
Cost of other services	`CostOfOtherServices`	$150.93M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$327.17M	USD	2 Qtrs
Cost of other services	`CostOfOtherServices`	$296.78M	USD	2 Qtrs
Cost of other services	`CostOfOtherServices`	$168.45M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$581.73M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$523.83M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$259.41M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$288.30M	USD	1 Quarter
Legal settlements, net of insurance proceeds	`LegalSettlements`	$4.05M	USD	1 Quarter
Legal settlements, net of insurance proceeds	`LegalSettlements`	$23.53M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$202.59M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$102.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$106.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$205.28M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$314.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$673.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$394.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$972.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.62M	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.43M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$181.34M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$90.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$179.13M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$61.98M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$36.95M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$34.71M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$70.18M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.18M	USD	1 Quarter
Net income	`ProfitLoss`	$117.14M	USD	2 Qtrs
Net income	`ProfitLoss`	$111.16M	USD	2 Qtrs
Net income	`ProfitLoss`	$55.87M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.78	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.72	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.49	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.49	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$57.18M	USD	1 Quarter
Net income	`ProfitLoss`	$117.14M	USD	2 Qtrs
Net income	`ProfitLoss`	$111.16M	USD	2 Qtrs
Net income	`ProfitLoss`	$55.87M	USD	1 Quarter
Depreciation	`Depreciation`	$74.56M	USD	2 Qtrs
Depreciation	`Depreciation`	$75.90M	USD	2 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$20.57M	USD	2 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$21.18M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.57M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.80M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.78M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.28M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$27.77M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$12.84M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$38.84M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-34.87M	USD	2 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$-5.50M	USD	2 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$30.64M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$568.00K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.53M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.91M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.77M	USD	2 Qtrs
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-13.46M	USD	2 Qtrs
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.65M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$25.25M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.07M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivableAndPayable`	$-16.73M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivableAndPayable`	$-2.35M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$294.18M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$109.23M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.13M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.09M	USD	2 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$135.28M	USD	2 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$25.85M	USD	2 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$12.47M	USD	2 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$53.06M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$88.80M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.60M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.05M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$6.86M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.98M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.85M	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.78M	USD	2 Qtrs
Repayment of debt	`RepaymentsOfLongTermDebt`	$794.00K	USD	2 Qtrs
Repayment of debt	`RepaymentsOfLongTermDebt`	$321.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$203.21M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$959.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-717.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.70M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-200.52M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$939.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.94M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$212.27M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-150.33M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$342.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.95M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$342.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time

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