Cintas Corporation (CTAS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6800 CINTAS BLVD CINCINNATI, OH 45262 |
| State of Incorp. | WA |
| Fiscal Year End | May 31 |
| Industry (SIC) | 232 - Men's And Boys' Furnishings, Work Clothing, And Allied Garments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 5/31/2024 | 11/30/2023 MRQ | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 86 | 124 | 90 | 494 | 145 | 97 | |||
| Cash and cash equivalents | 86 | 124 | 90 | 494 | 145 | 97 | |||
| Receivables | 1,274 | 1,153 | 1,028 | 924 | 870 | 918 | |||
| Inventory, net of allowances, customer advances and progress billings | 475 | 507 | 472 | 482 | 409 | 335 | |||
| Inventory | 475 | 507 | 472 | 482 | 409 | 335 | |||
| Capitalized contract cost | 94 | 93 | 84 | 79 | 76 | 70 | |||
| Other undisclosed current assets | 1,108 | 1,062 | 958 | 864 | 809 | 818 | |||
| Total current assets: | 3,037 | 2,938 | 2,632 | 2,843 | 2,310 | 2,236 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 179 | 178 | 170 | 169 | 160 | ✕ | |||
| Property, plant and equipment | 1,464 | 1,396 | 1,324 | 1,318 | 1,403 | 1,431 | |||
| Long-term investments and receivables | 4 | 19 | 19 | 19 | |||||
| Long-term investments | 4 | 19 | 19 | 19 | |||||
| Intangible assets, net (including goodwill) | 3,121 | 3,056 | 3,043 | 2,913 | 2,870 | 2,842 | |||
| Goodwill | 3,121 | 3,056 | 3,043 | 2,913 | 2,870 | 2,842 | |||
| Other noncurrent assets | 414 | 383 | 344 | 310 | 261 | 240 | |||
| Other undisclosed noncurrent assets | 600 | 594 | 631 | 664 | 647 | 668 | |||
| Total noncurrent assets: | 5,777 | 5,608 | 5,515 | 5,394 | 5,360 | 5,200 | |||
| TOTAL ASSETS: | 8,814 | 8,546 | 8,147 | 8,237 | 7,670 | 7,437 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 936 | 935 | 1,190 | 991 | 842 | 815 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 113 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 27 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 237 | 241 | 127 | 156 | ||
| Accounts payable | 317 | 302 | 252 | 231 | 231 | 226 | |||
| Accrued liabilities | 619 | 633 | 589 | 519 | 457 | 434 | |||
| Debt | 210 | 312 | 899 | 312 | |||||
| Other undisclosed current liabilities | 212 | 295 | (69) | 44 | 43 | ||||
| Total current liabilities: | 1,358 | 1,230 | 1,433 | 1,934 | 885 | 1,128 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,474 | 2,486 | 2,613 | 1,774 | 2,662 | 2,538 | |||
| Long-term debt, excluding current maturities | 2,474 | 2,486 | 2,484 | 1,643 | 2,540 | 2,538 | |||
| Liabilities, other than long-term debt | 987 | 966 | 793 | 841 | 887 | 331 | |||
| Accounts payable and accrued liabilities | 351 | 329 | 319 | 455 | 499 | 331 | |||
| Deferred income tax liabilities | 497 | 498 | 474 | 387 | 389 | ✕ | |||
| Operating lease, liability | 139 | 138 | 129 | 131 | 123 | ✕ | |||
| Other undisclosed noncurrent liabilities | 438 | ||||||||
| Total noncurrent liabilities: | 3,462 | 3,452 | 3,406 | 2,615 | 3,549 | 3,306 | |||
| Total liabilities: | 4,819 | 4,682 | 4,839 | 4,549 | 4,435 | 4,434 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,994 | 3,864 | 3,308 | 3,688 | 3,235 | 3,003 | |||
| Common stock | 2,180 | 2,032 | 1,772 | 1,417 | 1,103 | 840 | |||
| Treasury stock, value | (8,360) | (7,843) | (7,291) | (5,736) | (5,182) | (4,718) | |||
| Additional paid in capital | 99 | 172 | 228 | ||||||
| Accumulated other comprehensive income (loss) | 93 | 78 | 108 | 31 | (153) | (39) | |||
| Retained earnings | 10,081 | 9,597 | 8,719 | 7,877 | 7,297 | 6,691 | |||
| Total equity: | 3,994 | 3,864 | 3,308 | 3,688 | 3,235 | 3,003 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,814 | 8,546 | 8,147 | 8,237 | 7,670 | 7,437 | |||
Income Statement (P&L) ($ in millions)
| 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,194 | 8,816 | 7,854 | 7,116 | 7,085 | 6,892 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (29) | (44) | ||||||
| Other undisclosed gross profit | (4,642) | (4,642) | (4,194) | (3,758) | (3,851) | (3,764) | ||
| Gross profit: | 4,552 | 4,173 | 3,632 | 3,315 | 3,234 | 3,129 | ||
| Operating expenses | (2,488) | (2,371) | (2,045) | (1,929) | (2,071) | (1,995) | ||
| Other undisclosed operating loss | (146) | |||||||
| Operating income: | 1,918 | 1,803 | 1,587 | 1,385 | 1,163 | 1,134 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2 | 2 | 0 | 0 | 1 | 1 | ||
| Interest and debt expense | (106) | (111) | (89) | (98) | (105) | (102) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 69 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 1,815 | 1,693 | 1,499 | 1,288 | 1,058 | 1,102 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income from continuing operations before income taxes: | 1,815 | 1,693 | 1,499 | 1,288 | 1,058 | 1,102 | ||
| Income tax expense | (383) | (345) | (263) | (177) | (182) | (220) | ||
| Income from continuing operations: | 1,432 | 1,348 | 1,236 | 1,111 | 876 | 883 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,236 | 1,111 | 876 | 885 | |
| Income from discontinued operations | 0 | 2 | ||||||
| Net income: | 1,432 | 1,348 | 1,236 | 1,111 | 876 | 885 | ||
| Other undisclosed net loss attributable to parent | (0) | (0) | ||||||
| Net income attributable to parent: | 1,432 | 1,348 | 1,236 | 1,111 | 876 | 885 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (3) | |||||||
| Net income available to common stockholders, diluted: | 1,429 | 1,348 | 1,236 | 1,111 | 876 | 885 | ||
Comprehensive Income ($ in millions)
| 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | 5/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,432 | 1,348 | 1,236 | 1,111 | 876 | 885 | ||
| Other comprehensive income (loss) | (3) | (3) | 184 | (116) | (55) | |||
| Other undisclosed comprehensive loss | (3) | |||||||
| Comprehensive income: | 1,429 | 1,345 | 1,233 | 1,295 | 760 | 830 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 12 | (27) | 80 | (0) | (0) | |||
| Comprehensive income, net of tax, attributable to parent: | 1,441 | 1,318 | 1,313 | 1,295 | 760 | 829 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.