10-Q Filing

CINTAS CORP CIK: 723254 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-019252`
Period End Date	20110228
Filing Date	20110408
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	ctas-20110228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 60 Cash Flow Statement 64

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$184.73M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$406.50M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$31.97M	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
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$154.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	145.30M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$366.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$416.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.87M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	28.04M	shares	Point-in-time
Inventories, net	`InventoryNet`	$232.29M	USD	Point-in-time
Inventories, net	`InventoryNet`	$169.48M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	20.34M	shares	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$373.98M	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
Income taxes, current	`IncomeTaxesReceivable`	$13.03M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$52.41M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$44.48M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$26.16M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$22.86M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.52B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$941.77M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$894.52M	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Goodwill	`Goodwill`	$1.36B	USD	Point-in-time
Service contracts, net	`FiniteLivedIntangibleAssetsNet`	$107.46M	USD	Point-in-time
Service contracts, net	`FiniteLivedIntangibleAssetsNet`	$103.44M	USD	Point-in-time
Other assets, net	`OtherAssetsNet`	$89.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNet`	$108.78M	USD	Point-in-time
Total assets	`Assets`	$3.97B	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`	$101.94M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$67.40M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$66.92M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$220.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$244.40M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$1.63M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$609.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$383.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$391.64M	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`	$806.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$150.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$165.27M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$116.02M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$135.77M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.11B	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: 173,342,049 issued and 145,301,823 outstanding, FY 2010: 173,207,493 issued and 152,869,848 outstanding	`CommonStockValue`	$135.28M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2011: 173,342,049 issued and 145,301,823 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`	$90.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.08B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.18B	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`	$64.80M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.13M	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`	$3.97B	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`	$1.92B	USD	3 Qtrs
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$1.98B	USD	3 Qtrs
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$664.98M	USD	1 Quarter
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$622.46M	USD	1 Quarter
Other services	`RevenueOtherServices`	$239.35M	USD	1 Quarter
Other services	`RevenueOtherServices`	$716.20M	USD	3 Qtrs
Other services	`RevenueOtherServices`	$272.85M	USD	1 Quarter
Other services	`RevenueOtherServices`	$817.91M	USD	3 Qtrs
Total revenue	`Revenues`	$2.64B	USD	3 Qtrs
Total revenue	`Revenues`	$2.80B	USD	3 Qtrs
Total revenue	`Revenues`	$861.81M	USD	1 Quarter
Total revenue	`Revenues`	$937.83M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$356.75M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$1.13B	USD	3 Qtrs
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$380.22M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$1.08B	USD	3 Qtrs
Cost of other services	`CostOfOtherServices`	$145.46M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$442.23M	USD	3 Qtrs
Cost of other services	`CostOfOtherServices`	$492.85M	USD	3 Qtrs
Cost of other services	`CostOfOtherServices`	$165.68M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$799.43M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$275.60M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$283.05M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$864.77M	USD	3 Qtrs
Legal settlements, net of insurance proceeds	`LegalSettlements`	$23.53M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$289.29M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$311.47M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$84.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$108.88M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$422.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.25M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$280.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.09M	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.95M	USD	3 Qtrs
Interest expense	`InterestExpense`	$11.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.19M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$72.86M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$254.19M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$275.76M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$94.05M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$23.88M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$37.57M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$99.55M	USD	3 Qtrs
Net income	`ProfitLoss`	$48.98M	USD	1 Quarter
Net income	`ProfitLoss`	$176.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$160.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$59.07M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.04	USD	3 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.19	USD	3 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.48	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.49	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.48	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$48.98M	USD	1 Quarter
Net income	`ProfitLoss`	$176.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$160.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$59.07M	USD	1 Quarter
Depreciation	`Depreciation`	$112.13M	USD	3 Qtrs
Depreciation	`Depreciation`	$113.83M	USD	3 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$32.17M	USD	3 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$30.61M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.81M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.32M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$22.52M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.95M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-10.79M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$32.84M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$61.62M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-31.90M	USD	3 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$38.43M	USD	3 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$-14.22M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$240.00K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.42M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.97M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.17M	USD	3 Qtrs
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$241.00K	USD	3 Qtrs
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$8.41M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.66M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$11.51M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivableAndPayable`	$-3.88M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivableAndPayable`	$-9.58M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$207.96M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$429.19M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$142.30M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.93M	USD	3 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$137.88M	USD	3 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$34.01M	USD	3 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$69.82M	USD	3 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$23.17M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$41.38M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$158.52M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.80M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.85M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.31M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-188.96M	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$304.78M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfLongTermDebt`	$464.00K	USD	3 Qtrs
Repayment of debt	`RepaymentsOfLongTermDebt`	$282.75M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$71.81M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$203.21M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$960.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$930.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-394.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.82M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-252.07M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.69M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.52M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$276.76M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-226.55M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$184.73M	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`	$406.50M	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`	$184.73M	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`	$406.50M	USD	Point-in-time

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