Cintas Corporation (CTAS) financial statements (2022 and earlier)

Company profile

Business Address 6800 CINTAS BLVD
CINCINNATI, OH 45262
State of Incorp. WA
Fiscal Year End May 31
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)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11349414597139169139
Cash and cash equivalents11349414597139169139
Receivables1,065924870918824780565
Inventory, net of allowances, customer advances and progress billings465482409335280278249
Inventory465482409335280278249
Capitalized contract cost81797670
Disposal group, including discontinued operation     39 
Other undisclosed current assets932864809818735688636
Total current assets:2,6552,8432,3102,2361,9781,9541,590
Noncurrent Assets
Operating lease, right-of-use asset156169160
Property, plant and equipment1,2991,3181,4031,4311,3831,324994
Long-term investments and receivables17191919162117
Long-term investments17191919162117
Intangible assets, net (including goodwill)3,3232,9132,8702,8423,3933,3691,375
Goodwill2,9312,9132,8702,8422,8472,7821,292
Intangible assets, net (excluding goodwill)392   54658784
Capitalized contract cost, net229   
Other noncurrent assets295310261240293220
Other undisclosed noncurrent assets43664647668159144108
Total noncurrent assets:5,3625,3945,3605,2004,9804,8902,514
TOTAL ASSETS:8,0178,2377,6707,4376,9586,8444,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,018991842815776756566
Accounts payable240231231226215177115
Accrued liabilities597519457434420430349
Employee-related liabilities181241127156141150102
Taxes payable  27    
Debt1,117899 312 363250
Disposal group, including discontinued operation     11 
Other undisclosed current liabilities434443    
Total current liabilities:2,1781,9348851,1287761,131816
Noncurrent Liabilities
Long-term debt and lease obligation1,4621,7742,6622,5382,5352,7711,050
Long-term debt, excluding current maturities1,3431,6432,5402,5382,5352,7711,050
Operating lease, liability119131123
Liabilities, other than long-term debt814841887331631640396
Accounts payable and accrued liabilities408455499331278170137
Deferred tax liabilities, net 353469259
Deferred income tax liabilities406387389
Other undisclosed noncurrent liabilities   438   
Total noncurrent liabilities:2,2762,6153,5493,3063,1663,4101,446
Total liabilities:4,4544,5494,4354,4343,9424,5412,262
Stockholders' equity
Stockholders' equity attributable to parent3,5633,6883,2353,0033,0172,3031,843
Common stock 1,4171,103840618485410
Treasury stock, value(6,401)(5,736)(5,182)(4,718)(3,701)(3,574)(3,553)
Additional paid in capital 99172228245224205
Accumulated other comprehensive income (loss)(27)31(153)(39)16(3)(25)
Retained earnings8,3057,8777,2976,6915,8385,1714,806
Other undisclosed stockholders' equity attributable to parent1,686      
Total stockholders' equity:3,5633,6883,2353,0033,0172,3031,843
TOTAL LIABILITIES AND EQUITY:8,0178,2377,6707,4376,9586,8444,104

Income statement (P&L) ($ in millions)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues7,4327,1167,0856,8926,4775,3234,905
Cost of revenue
(Cost of Goods and Services Sold)
 (44)     
Other undisclosed gross profit(3,802)(3,758)(3,851)(3,764)(3,568)(2,943)(2,776)
Gross profit:3,6303,3153,2343,1292,9092,3802,130
Operating expenses(1,998)(1,929)(2,071)(1,995)(1,959)(1,607)(1,348)
Other undisclosed operating loss(174)      
Operating income:1,4581,3851,1631,134950774782
Nonoperating income
(Investment Income, Nonoperating)
0011101
Interest and debt expense(93)(98)(105)(102)(110)(87)(65)
Other undisclosed income from continuing operations before equity method investments, income taxes   69   
Income from continuing operations before income taxes:1,3661,2881,0581,102841687718
Income tax expense(214)(177)(182)(220)   
Income from continuing operations:1,1521,111876883841687718
Income from discontinued operations  0261116
Net income:1,1521,111876885902689734
Other undisclosed net loss attributable to parent  (0)(0)(60)(208)(40)
Net income available to common stockholders, diluted:1,1521,111876885843481694

Comprehensive Income ($ in millions)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income:1,1521,111876885902689734
Other comprehensive income (loss) 184(116)(55)1922(16)
Other undisclosed comprehensive income184      
Comprehensive income:1,3361,295760830921711718
Other undisclosed comprehensive loss, net of tax, attributable to parent(114) (0)(0)(60)(208)(40)
Comprehensive income, net of tax, attributable to parent:1,2221,295760829862503677

Statements sources

The financial statements are based on the company's filings with the 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.

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