10-Q Filing

CINTAS CORP CIK: 723254 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-024280`
Period End Date	20120229
Filing Date	20120409
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	ctas-20120229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 58 Cash Flow Statement 66

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`	173.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	173.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	129.74M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$184.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	137.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$217.98M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$87.22M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$134.63M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35.76M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	43.91M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$439.65M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$429.13M	USD	Point-in-time
Inventories, net	`InventoryNet`	$275.67M	USD	Point-in-time
Inventories, net	`InventoryNet`	$249.66M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$393.83M	USD	Point-in-time
Uniforms and other rental items in service	`UniformsAndOtherRentalItemsInService`	$434.48M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$33.54M	USD	Point-in-time
Income taxes, current	`IncomeTaxesReceivable`	$37.39M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$56.42M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetCurrent`	$45.81M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$29.32M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$23.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63B	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$944.03M	USD	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$946.22M	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Goodwill	`Goodwill`	$1.49B	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$102.31M	USD	Point-in-time
Service contracts, net	`ServiceContractsFiniteLivedIntangibleAssetsNet`	$81.67M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$114.75M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$115.47M	USD	Point-in-time
Total assets	`Assets`	$3.97B	USD	Point-in-time
Total assets	`Assets`	$4.25B	USD	Point-in-time
Total assets	`Assets`	$4.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$115.57M	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`	$83.01M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$224.35M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$242.69M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$225.63M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$1.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$648.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$434.14M	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`	$196.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$206.05M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$134.04M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$142.66M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.62B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.41B	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: 173,652,551 issued and 129,742,251 outstanding, FY 2011: 173,346,180 issued and 137,583,884 outstanding	`CommonStockValue`	$135.40M	USD	Point-in-time
Common stock, no par value: 425,000,000 shares authorized, FY 2012: 173,652,551 issued and 129,742,251 outstanding, FY 2011: 173,346,180 issued and 137,583,884 outstanding	`CommonStockValue`	$145.12M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$102.20M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$95.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.40B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.26B	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`	$51.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.20B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.25B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$664.98M	USD	1 Quarter
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$2.16B	USD	3 Qtrs
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$1.98B	USD	3 Qtrs
Rental uniforms and ancillary products	`RevenueRentalUniformsAndAncillaryProducts`	$721.01M	USD	1 Quarter
Other services	`RevenueOtherServices`	$817.91M	USD	3 Qtrs
Other services	`RevenueOtherServices`	$291.10M	USD	1 Quarter
Other services	`RevenueOtherServices`	$885.19M	USD	3 Qtrs
Other services	`RevenueOtherServices`	$272.85M	USD	1 Quarter
Total revenue	`Revenues`	$1.01B	USD	1 Quarter
Total revenue	`Revenues`	$937.83M	USD	1 Quarter
Total revenue	`Revenues`	$3.05B	USD	3 Qtrs
Total revenue	`Revenues`	$2.80B	USD	3 Qtrs
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$380.22M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$409.96M	USD	1 Quarter
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$1.13B	USD	3 Qtrs
Cost of rental uniforms and ancillary products	`CostOfRentalUniformsAndAncillaryProducts`	$1.22B	USD	3 Qtrs
Cost of other services	`CostOfOtherServices`	$492.85M	USD	3 Qtrs
Cost of other services	`CostOfOtherServices`	$530.07M	USD	3 Qtrs
Cost of other services	`CostOfOtherServices`	$176.25M	USD	1 Quarter
Cost of other services	`CostOfOtherServices`	$165.68M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$864.77M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$288.37M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$283.05M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$895.95M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$137.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$108.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$398.80M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$311.47M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$280.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.14M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$373.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.25M	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$52.28M	USD	3 Qtrs
Interest expense	`InterestExpense`	$36.95M	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$347.65M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$120.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$275.76M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$99.55M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$44.66M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$128.63M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$37.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$219.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$59.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$176.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$76.03M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.67	USD	3 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.19	USD	3 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.49	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.54	USD	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$219.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$59.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$176.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$76.03M	USD	1 Quarter
Depreciation	`Depreciation`	$115.57M	USD	3 Qtrs
Depreciation	`Depreciation`	$112.13M	USD	3 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$29.52M	USD	3 Qtrs
Amortization of deferred charges	`AdjustmentForAmortization`	$32.17M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.81M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$15.02M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-995.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$22.52M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$11.76M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$32.84M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$26.96M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$61.62M	USD	3 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$38.43M	USD	3 Qtrs
Uniforms and other rental items in service	`IncreaseDecreaseInUniformsAndOtherRentalItemsInService`	$40.44M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.98M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.42M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.97M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.37M	USD	3 Qtrs
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$241.00K	USD	3 Qtrs
Accrued compensation and related liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.25M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.33M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.66M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.88M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-4.24M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$207.96M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$307.71M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$142.30M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$117.72M	USD	3 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$519.96M	USD	3 Qtrs
Proceeds from redemption of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$137.88M	USD	3 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$576.40M	USD	3 Qtrs
Purchase of marketable securities and investments	`PaymentsToAcquireInvestments`	$23.17M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$158.52M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$20.88M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.85M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.85M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-193.19M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-188.96M	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$304.78M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfLongTermDebt`	$282.75M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfLongTermDebt`	$1.22M	USD	3 Qtrs
Exercise of stock-based compensation awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$356.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$70.82M	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`	$262.68M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.39M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$930.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-252.07M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-332.97M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$6.52M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-1.67M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-220.12M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-226.55M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$184.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$438.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$411.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$217.98M	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`	$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`	$217.98M	USD	Point-in-time

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