10-Q Filing

CINTAS CORP CIK: 723254 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-001090`
Period End Date	20111130
Filing Date	20120109
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	ctas-20111130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 60 Cash Flow Statement 64

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
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, shares authorized	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	425.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	173.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	173.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	129.73M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	137.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	43.91M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35.76M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$129.83M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$87.22M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$429.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$447.35M	USD	Point-in-time
Inventories, net	`InventoryNet`	$287.95M	USD	Point-in-time
Inventories, net	`InventoryNet`	$249.66M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$422.01M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$393.83M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$33.54M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$12.57M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$45.81M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$56.01M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$23.48M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$28.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$946.22M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$938.66M	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Goodwill	`Goodwill`	$1.48B	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$86.66M	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$102.31M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$114.48M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$114.75M	USD	Point-in-time
Total assets	`Assets`	$4.35B	USD	Point-in-time
Total assets	`Assets`	$4.22B	USD	Point-in-time
Total assets	`Assets`	$3.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$111.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$110.28M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$79.83M	USD	Point-in-time
Accrued compensation and related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$64.37M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$242.69M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$318.96M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$1.33M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$225.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$434.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$720.20M	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$1.06B	USD	Point-in-time
Long-term debt due after one year	`LongTermDebtNoncurrent`	$1.28B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$194.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$196.32M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$138.57M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$134.04M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.39B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.62B	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 2012: 173,642,348 issued and 129,732,048 outstanding, FY 2011: 173,346,180 issued and 137,583,884 outstanding	`CommonStockValue`	$144.84M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2012: 173,642,348 issued and 129,732,048 outstanding, FY 2011: 173,346,180 issued and 137,583,884 outstanding	`CommonStockValue`	$135.40M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$95.73M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$96.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.26B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.33B	USD	Point-in-time
Treasury stock: FY 2012: 43,910,300 shares, FY 2011: 35,762,296 shares	`TreasuryStockValue`	$1.24B	USD	Point-in-time
Treasury stock: FY 2012: 43,910,300 shares, FY 2011: 35,762,296 shares	`TreasuryStockValue`	$1.51B	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.81M	USD	Point-in-time
Other accumulated comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$39.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.22B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$722.79M	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`	$1.44B	USD	2 Qtrs
Other services	`RevenueOtherServices`	$296.34M	USD	1 Quarter
Other services	`RevenueOtherServices`	$594.09M	USD	2 Qtrs
Other services	`RevenueOtherServices`	$545.06M	USD	2 Qtrs
Other services	`RevenueOtherServices`	$278.72M	USD	1 Quarter
Total revenue	`Revenues`	$936.57M	USD	1 Quarter
Total revenue	`Revenues`	$1.86B	USD	2 Qtrs
Total revenue	`Revenues`	$1.02B	USD	1 Quarter
Total revenue	`Revenues`	$2.04B	USD	2 Qtrs
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$410.25M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$377.47M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$813.65M	USD	2 Qtrs
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$748.99M	USD	2 Qtrs
Cost of other services	`CostOfOtherServices`	$353.82M	USD	2 Qtrs
Cost of other services	`CostOfOtherServices`	$179.08M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$327.17M	USD	2 Qtrs
Cost of other services	`CostOfOtherServices`	$168.45M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$607.58M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$288.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$297.11M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$581.73M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$102.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$261.26M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$202.59M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$132.69M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$403.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$394.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$972.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$768.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$17.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$35.06M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.43M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$115.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$226.97M	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`	$34.71M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$83.98M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$41.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$142.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$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`	$0.57	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.54	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.49	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.49	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.54	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$74.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$142.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$55.87M	USD	1 Quarter
Depreciation	`Depreciation`	$74.56M	USD	2 Qtrs
Depreciation	`Depreciation`	$76.92M	USD	2 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$20.10M	USD	2 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$21.18M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.76M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.80M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.28M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-11.77M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$20.85M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$27.77M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$38.84M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$39.27M	USD	2 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$30.64M	USD	2 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$29.63M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.53M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.13M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.84M	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`	$-15.31M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.07M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$26.31M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.35M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$20.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$109.23M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$175.96M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.83M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.13M	USD	2 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$140.16M	USD	2 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$135.28M	USD	2 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$12.47M	USD	2 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$193.53M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$14.55M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$88.80M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.77M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$6.86M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-141.98M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-60.98M	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`	$903.00K	USD	2 Qtrs
Exercise of stock-based compensation awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$78.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$262.68M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$203.21M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.70M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.45M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-200.52M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-262.05M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-2.26M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.94M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-230.33M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-150.33M	USD	2 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`	$260.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$207.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	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`	$260.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$207.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time

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