Cintas Corporation (CTAS) financial statements (2020 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)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23422797139169139417
Cash and cash equivalents23422797139169139417
Receivables966974918824780565497
Inventory, net of allowances, customer advances and progress billings353348335280278249226
Inventory353348335280278249226
Capitalized contract cost757570
Disposal group, including discontinued operation    39 21
Other undisclosed current assets870867818735688636574
Total current assets:2,4982,4902,2361,9781,9541,5901,736
Noncurrent Assets
Operating lease, right-of-use asset165169
Property, plant and equipment1,4351,4261,4311,3831,324994871
Long-term investments and receivables191919162117228
Long-term investments191919162117228
Intangible assets, net (including goodwill)2,8742,8532,8423,3933,3691,3751,238
Goodwill2,8742,8532,8422,8472,7821,2921,196
Intangible assets, net (excluding goodwill)   5465878442
Other noncurrent assets25326124029322017
Other undisclosed noncurrent assets658670668159144108102
Total noncurrent assets:5,4045,3975,2004,9804,8902,5142,457
TOTAL ASSETS:7,9027,8877,4376,9586,8444,1044,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8231,053815776756566541
Accounts payable243255226215177115110
Accrued liabilities431674434420430349310
Employee-related liabilities14912415614115010288
Taxes payable      6
Interest and dividends payable      27
Debt244244312 363250 
Disposal group, including discontinued operation    11 1
Deferred tax liabilities    112
Other undisclosed current liabilities      (33)
Total current liabilities:1,0671,2971,1287761,131816621
Noncurrent Liabilities
Long-term debt and lease obligation2,6662,6692,5382,5352,7711,0501,300
Long-term debt, excluding current maturities2,5392,5392,5382,5352,7711,0501,300
Operating lease, liability127131
Liabilities, other than long-term debt845816331631640396339
Accounts payable and accrued liabilities421372331278170137112
Deferred tax liabilities, net 353469259227
Deferred income tax liabilities424444
Other undisclosed noncurrent liabilities  438    
Total noncurrent liabilities:3,5113,4853,3063,1663,4101,4461,639
Total liabilities:4,5784,7824,4343,9424,5412,2622,260
Stockholders' equity
Stockholders' equity attributable to parent3,3243,1053,0033,0172,3031,8431,932
Common stock  840618485410329
Treasury stock, value(4,979)(4,976)(4,718)(3,701)(3,574)(3,553)(2,773)
Additional paid in capital154134228245224205157
Accumulated other comprehensive income (loss)(95)(37)(39)16(3)(25)(8)
Retained earnings7,1526,9176,6915,8385,1714,8064,228
Other undisclosed stockholders' equity attributable to parent1,0921,067     
Total stockholders' equity:3,3243,1053,0033,0172,3031,8431,932
TOTAL LIABILITIES AND EQUITY:7,9027,8877,4376,9586,8444,1044,192

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

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues7,2597,1316,8926,4775,3234,9054,477
Other undisclosed gross profit(3,764)(3,764)(3,764)(3,568)(2,943)(2,776)(2,556)
Gross profit:3,4963,3673,1292,9092,3802,1301,921
Operating expenses(2,080)(2,047)(1,995)(1,959)(1,607)(1,348)(1,225)
Other undisclosed operating loss(146)(87)     
Operating income:1,2701,2331,134950774782696
Nonoperating income
(Investment Income, Nonoperating)
11110127
Interest and debt expense(105)(106)(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:1,1661,1281,102841687718658
Loss from equity method investments      (9)
Income from continuing operations before income taxes:1,1661,1281,102841687718649
Income tax expense(208)(204)(220)   (241)
Income from continuing operations:958924883841687718408
Income from discontinued operations1026111626
Net income:959924885902689734434
Other undisclosed net income (loss) attributable to parent(1)2(0)(60)(208)(40)(4)
Net income available to common stockholders, diluted:958926885843481694431

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income:959924885902689734434
Other comprehensive income (loss) (3)(55)1922(16)(37)
Other undisclosed comprehensive loss(55)(55)     
Comprehensive income:903865830921711718397
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(43)18(0)(60)(208)(40)(4)
Comprehensive income, net of tax, attributable to parent:860884829862503677394

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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