Cintas Corporation (CTAS) financial statements (2021 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)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70314597139169139417
Cash and cash equivalents70314597139169139417
Receivables967870918824780565497
Inventory, net of allowances, customer advances and progress billings534409335280278249226
Inventory534409335280278249226
Capitalized contract cost797670
Disposal group, including discontinued operation    39 21
Other undisclosed current assets820809818735688636574
Total current assets:3,1032,3102,2361,9781,9541,5901,736
Noncurrent Assets
Operating lease, right-of-use asset154160
Property, plant and equipment1,3441,4031,4311,3831,324994871
Long-term investments and receivables221919162117228
Long-term investments221919162117228
Intangible assets, net (including goodwill)2,8902,8702,8423,3933,3691,3751,238
Goodwill2,8902,8702,8422,8472,7821,2921,196
Intangible assets, net (excluding goodwill)   5465878442
Other noncurrent assets28026124029322017
Other undisclosed noncurrent assets661647668159144108102
Total noncurrent assets:5,3525,3605,2004,9804,8902,5142,457
TOTAL ASSETS:8,4557,6707,4376,9586,8444,1044,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,216842815776756566541
Accounts payable274231226215177115110
Accrued liabilities791457434420430349310
Employee-related liabilities15112715614115010288
Taxes payable 27    6
Interest and dividends payable      27
Debt250 312 363250 
Disposal group, including discontinued operation    11 1
Deferred tax liabilities    112
Other undisclosed current liabilities4343    (33)
Total current liabilities:1,5088851,1287761,131816621
Noncurrent Liabilities
Long-term debt and lease obligation2,4082,6622,5382,5352,7711,0501,300
Long-term debt, excluding current maturities2,2912,5402,5382,5352,7711,0501,300
Operating lease, liability117123
Liabilities, other than long-term debt940887331631640396339
Accounts payable and accrued liabilities563499331278170137112
Deferred tax liabilities, net 353469259227
Deferred income tax liabilities376389
Other undisclosed noncurrent liabilities  438    
Total noncurrent liabilities:3,3483,5493,3063,1663,4101,4461,639
Total liabilities:4,8574,4354,4343,9424,5412,2622,260
Stockholders' equity
Stockholders' equity attributable to parent3,5983,2353,0033,0172,3031,8431,932
Common stock 1,103840618485410329
Treasury stock, value(5,254)(5,182)(4,718)(3,701)(3,574)(3,553)(2,773)
Additional paid in capital52172228245224205157
Accumulated other comprehensive income (loss)(97)(153)(39)16(3)(25)(8)
Retained earnings7,5107,2976,6915,8385,1714,8064,228
Other undisclosed stockholders' equity attributable to parent1,388      
Total stockholders' equity:3,5983,2353,0033,0172,3031,8431,932
TOTAL LIABILITIES AND EQUITY:8,4557,6707,4376,9586,8444,1044,192

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues6,9347,0856,8926,4775,3234,9054,477
Other undisclosed gross profit(3,851)(3,851)(3,764)(3,568)(2,943)(2,776)(2,556)
Gross profit:3,0823,2343,1292,9092,3802,1301,921
Operating expenses(1,954)(2,071)(1,995)(1,959)(1,607)(1,348)(1,225)
Other undisclosed operating income96      
Operating income:1,2251,1631,134950774782696
Nonoperating income
(Investment Income, Nonoperating)
11110127
Interest and debt expense(101)(105)(102)(110)(87)(65)(65)
Other undisclosed income from continuing operations before equity method investments, income taxes  69    
Income from continuing operations before equity method investments, income taxes:1,1241,0581,102841687718658
Loss from equity method investments      (9)
Income from continuing operations before income taxes:1,1241,0581,102841687718649
Income tax expense(161)(182)(220)   (241)
Income from continuing operations:964876883841687718408
Income from discontinued operations0026111626
Net income:964876885902689734434
Other undisclosed net loss attributable to parent(0)(0)(0)(60)(208)(40)(4)
Net income available to common stockholders, diluted:964876885843481694431

Comprehensive Income ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income:964876885902689734434
Other comprehensive income (loss) (116)(55)1922(16)(37)
Other undisclosed comprehensive loss(116)      
Comprehensive income:848760830921711718397
Other undisclosed comprehensive income (loss), net of tax, attributable to parent56(0)(0)(60)(208)(40)(4)
Comprehensive income, net of tax, attributable to parent:903760829862503677394

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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