Form 8-K
8-K — CINTAS CORP
Accession: 0000723254-26-000025
Filed: 2026-07-15
Period: 2026-07-15
CIK: 0000723254
SIC: 2320 (MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — ctas-20260715.htm (Primary)
EX-99 (ex992026-5x31.htm)
GRAPHIC — CINTASREADYFORTHEWORKDAY (ctas-20260715_g1.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: ctas-20260715.htm · Sequence: 1
ctas-20260715
0000723254false00007232542026-07-152026-07-15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 15, 2026
Cintas Corporation
(Exact name of registrant as specified in charter)
Washington 0-11399 31-1188630
(State or Other Jurisdiction
of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
6800 Cintas Boulevard, P.O. Box 625737,
Cincinnati, Ohio 45262-5737
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (513) 459-1200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of
each class Trading
symbol(s) Name of each exchange
on which registered
Common stock, no par value CTAS The NASDAQ Stock Market LLC
(NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On July 15, 2026, Cintas Corporation issued a press release announcing its financial results for the quarter ended May 31, 2026. A copy of the press release is furnished as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
Number Description
99
Press release dated July 15, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CINTAS CORPORATION
Date: July 15, 2026 By: /s/ Scott A. Garula
Scott A. Garula
Executive Vice President and Chief Financial Officer
EX-99
EX-99
Filename: ex992026-5x31.htm · Sequence: 2
Document
Exhibit 99
FOR IMMEDIATE RELEASE
July 15, 2026
Cintas Corporation Announces
Fiscal 2026 Fourth Quarter and Full Year Results
CINCINNATI, July 15, 2026 -- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2026 fourth quarter ended May 31, 2026. Revenue for the fourth quarter of fiscal 2026 was $2.91 billion compared to $2.67 billion in last year’s fourth quarter, an increase of 8.9%. The organic revenue growth rate for the fourth quarter of fiscal 2026, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.4%.
Gross margin for the fourth quarter of fiscal 2026 was $1.48 billion compared to $1.33 billion in last year’s fourth quarter, an increase of 11.6%. Gross margin as a percent of revenue was 51.0% for the fourth quarter of fiscal 2026, equal to the all-time high, compared to 49.7% in last year's fourth quarter, an increase of 130 basis points.
Operating income for the fourth quarter of fiscal 2026 increased 12.7% to $673.0 million compared to $597.5 million in last year's fourth quarter. Operating income as a percent of revenue was 23.2% in the fourth quarter of fiscal 2026 compared to 22.4% in last year's fourth quarter. Operating income in the fourth quarter of fiscal 2026 included $14.0 million of transaction expenses related to the UniFirst acquisition.
Net income increased to $511.0 million for the fourth quarter of fiscal 2026 compared to $448.3 million in last year's fourth quarter, an increase of 14.0%. The fourth quarter of fiscal 2026 effective tax rate was 21.2% compared to 22.1% in last year's fourth quarter. The tax rates in both quarters were impacted by certain discrete items, primarily the tax accounting impact for stock-based compensation. Fourth quarter of fiscal 2026 diluted earnings per share (EPS) was $1.26 compared to $1.09 in last year's fourth quarter, an increase of 15.6%. Excluding the UniFirst transaction expenses, which had a $0.03 impact on diluted EPS, adjusted diluted EPS was $1.29 for the fourth quarter, an increase of 18.3% over the prior year.
For the fiscal year ended May 31, 2026, revenue increased to $11.26 billion compared to $10.34 billion for fiscal 2025, an increase of 8.9%. The organic revenue growth rate for fiscal 2026 was 8.3%. Gross margin as a percent of revenue was 50.7% for fiscal 2026, an all-time high, compared to 50.0% for fiscal 2025. Operating income for fiscal 2026 increased to $2.61 billion compared to $2.36 billion for fiscal 2025, an increase of 10.5%. Operating income as a percent of revenue was 23.1% in fiscal 2026 compared to 22.8% in fiscal 2025. Operating income for the fiscal year ended May 31, 2026 included $15.1 million of transaction expenses related to the UniFirst acquisition. Diluted EPS for fiscal 2026 was $4.91 compared to $4.40 in fiscal 2025, an increase of 11.6%. Excluding the UniFirst transaction expenses, which had a $0.03 impact on diluted EPS, adjusted diluted EPS was $4.94 for the year, an increase of 12.3% over the prior year.
Cash flow from operating activities increased to $2.28 billion in fiscal 2026 compared to $2.17 billion in fiscal 2025. Cintas spent $395.1 million on capital expenditures in fiscal 2026, which is 3.5% of revenue. We acquired businesses for a total of $164.5 million in fiscal 2026. On June 15, 2026, Cintas paid an aggregate quarterly dividend of $180.7 million to shareholders. During fiscal 2026, Cintas returned $1.65 billion in capital to its shareholders in the form of share buybacks and dividends.
Todd M. Schneider, Cintas’ President and Chief Executive Officer, stated “These results conclude an outstanding year for Cintas. We delivered record revenues and operating margins. Our 8.3% organic revenue growth demonstrates our ability to deliver strong results in a dynamic macro environment. Our all-time high gross margin reflects the outstanding performance of our employee-partners and the clear impact of our investments in technology, capacity and talent. These results continue to showcase the strength and resilience of Cintas' value proposition."
Mr. Schneider continued, "On June 11, 2026, UniFirst shareholders voted to approve the acquisition, and we and UniFirst each received a request for additional information (the "second request") from the U.S. Federal Trade Commission. Both of these developments were expected. We are excited about the substantial value we expect to create for shareholders and customers through the UniFirst transaction, and we look forward to welcoming UniFirst
Team Partners to Cintas once the transaction is complete. We still expect the acquisition to close in the second half of calendar 2026."
Mr. Schneider concluded, "For fiscal 2027, revenue is expected to be in the range of $12.10 billion to $12.25 billion, and our adjusted diluted EPS is expected to be in the range of $5.36 to $5.50."
Fiscal 2027 Fiscal 2027
(In millions) Fiscal
2026 Low end
of Range Growth
vs. 2026 High end
of Range Growth
vs. 2026
A B E H I
Total Revenue $ 11,264.76 $ 12,100.00 7.4% $ 12,250.00 8.7%
E=(B-A)/A I=(H-A)/A
C D D
Workdays in the period 260 261 261
A F G J K
Workday adjusted revenue growth $ 11,264.76 $ 12,053.64 7.0% $ 12,203.07 8.3%
F=(B/D)*C G=(F-A)/A J=(H/D)*C K=(J-A)/A
Please note the following regarding the annual revenue guidance:
•Fiscal year 2027 has one more workday than fiscal year 2026.
•Guidance excludes expected impacts from the proposed UniFirst acquisition.
•Guidance does not assume any future acquisitions.
•Guidance assumes a constant foreign currency exchange rate.
Fiscal 2027 Fiscal 2027
Fiscal
2026 Low end
of Range Growth
vs. 2026 High end
of Range Growth
vs. 2026
EPS $ 4.91 $ — $ —
UniFirst transaction related expenses 0.03 — —
Adjusted EPS (1)
$ 4.94 $ 5.36 8.5% $ 5.50 11.3%
(1)Cintas has not reconciled its guidance as to non-GAAP adjusted EPS to its most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of the non-recurring transaction costs related to the UniFirst acquisition. Accordingly, reconciliations are not available without unreasonable effort, although it is important to note that these factors could be material to Cintas' results calculated in accordance with GAAP.
Please note the following regarding the adjusted diluted EPS guidance:
•Fiscal year 2027 interest expense net of interest income (interest, net) is expected to be approximately $105.0 million compared to $101.2 million in fiscal year 2026. The increase is primarily a result of the amortization of bridge loan financing expenses related to the UniFirst acquisition. Expected interest, net does not factor in any debt activity or issuance of commercial paper related to future share buybacks or acquisition activity, including the funding necessary for the proposed acquisition of UniFirst.
•Fiscal year 2027 effective tax rate is expected to be 20.2%, which is the same as fiscal year 2026.
•Our adjusted diluted EPS guidance does not include the impact of future share buybacks or significant economic disruptions or downturn.
•Adjusted diluted EPS guidance excludes non-recurring transaction costs related to the UniFirst acquisition, which cannot be reasonably estimated at this time.
Cintas
Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.
Cintas will host a live webcast to review the fiscal 2026 fourth quarter results today at 10:00 a.m., Eastern Time. The webcast will be available to the public on Cintas' website at www.Cintas.com. A replay of the webcast will be available approximately two hours after the completion of the live call and will remain available for two weeks.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This Press Release contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, including statements regarding our future business plans and expectations, and including the company's fiscal 2027 full-year guidance which involve risks and uncertainties. The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “predicts,” “projects,” “plans,” “expects,” “intends,” “target,” “forecast,” “believes,” “seeks,” “could,” “should,” “may” and “will” or the negative versions thereof and similar words, terms and expressions and by the context in which they are used. Such statements are based upon current expectations of Cintas and speak only as of the date made. You should not place undue reliance on any forward-looking statement. We cannot guarantee that any forward-looking statement will be realized. Forward-looking statements in this release include, but are not limited to, statements about the completion and the benefits of the transaction between Cintas and UniFirst (the “Transaction”), including future financial and operating results, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. These statements are subject to various risks, uncertainties, potentially inaccurate assumptions and other factors that could cause actual results to differ from those set forth in or implied by this Press Release.
The following Transaction-related factors, among others, could cause actual results to differ materially from those expressed in or implied by forward-looking statements: the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between Cintas and UniFirst; the outcome of any legal proceedings that may be instituted against Cintas or UniFirst; the possibility that the Transaction does not close when expected or at all because required regulatory, shareholder, or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that seeking or obtaining such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, trade policy (including tariff levels), laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Cintas and UniFirst operate; any failure to promptly and effectively integrate the businesses of Cintas and UniFirst; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of Cintas’ or UniFirst’s customers, employees or other business partners, including those resulting from the announcement, pendency or completion of the Transaction; the dilution caused by Cintas’ issuance of additional shares of its capital stock in connection with the Transaction; changes in the trading price of Cintas’ or UniFirst’s capital stock; and the diversion of management’s attention and time to the Transaction from ongoing business operations and opportunities.
Additional important factors relating to Cintas that could cause actual results to differ from those in forward-looking statements include, but are not limited to, the possibility of greater than anticipated operating costs including energy and fuel costs; lower sales volumes; loss of customers due to outsourcing trends; the performance and costs of integration of acquisitions; supply chain constraints and macroeconomic conditions, including inflationary pressures and higher interest rates; changes in global trade policies, tariffs, and other measures that could restrict international trade; fluctuations in costs of materials and labor, including increased medical costs; costs and possible effects of union organizing activities; failure to comply with government regulations concerning employment discrimination, employee pay and benefits and employee health and safety; the effect on operations of exchange rate fluctuations, and other political, economic and regulatory risks; uncertainties regarding any existing or newly-discovered expenses and liabilities related to environmental compliance and remediation; Cintas' ability to meet its aspirations relating to sustainability opportunities, improvements and efficiencies; the cost, results and ongoing assessment of internal controls over financial reporting; the effect of new
accounting pronouncements; risks associated with cybersecurity threats, including disruptions caused by the inaccessibility of computer systems data and cybersecurity risk management; the initiation or outcome of litigation, investigations or other proceedings; higher assumed sourcing or distribution costs of products; the disruption of operations from catastrophic or extraordinary events including global health pandemics; the amount and timing of repurchases of Cintas' common stock, if any; changes in global tax and labor laws; the reactions of competitors in terms of price and service and the other risks and contingencies detailed in Cintas’ most recent Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission.
Cintas undertakes no obligation to publicly release any revisions to any forward-looking statements or to otherwise update any forward-looking statements whether as a result of new information or to reflect events, circumstances or any other unanticipated developments arising after the date on which such statements are made, except otherwise as required by law. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the year ended May 31, 2025, and in our reports on Forms 10-Q and 8-K. The risks and uncertainties described herein are not the only ones we may face. Additional risks and uncertainties presently not known to us, or that we currently believe to be immaterial, may also harm our business.
For additional information, contact:
Scott A. Garula, Executive Vice President & Chief Financial Officer - 513-972-3867
Jared S. Mattingley, Vice President, Treasurer & Investor Relations - 513-972-4195
Cintas Corporation
Consolidated Condensed Statements of Income
(Unaudited)
(In thousands except per share data)
Three Months Ended
May 31,
2026 May 31
2025 %
Change
Revenue:
Uniform rental and facility services $ 2,197,705 $ 2,030,680 8.2%
Other 707,498 636,972 11.1%
Total revenue 2,905,203 2,667,652 8.9%
Costs and expenses:
Cost of uniform rental and facility services 1,095,307 1,036,013 5.7%
Cost of other 329,605 305,650 7.8%
Selling and administrative expenses 793,232 728,537 8.9%
UniFirst Corporation transaction expenses 14,024 — —%
Operating income 673,035 597,452 12.7%
Interest income (1,227) (2,023) (39.3)%
Interest expense 25,836 24,060 7.4%
Income before income taxes 648,426 575,415 12.7%
Income taxes 137,437 127,159 8.1%
Net income $ 510,989 $ 448,256 14.0%
Basic earnings per share $ 1.27 $ 1.11 14.4%
Diluted earnings per share $ 1.26 $ 1.09 15.6%
Basic weighted average common shares outstanding 400,216 403,412
Diluted weighted average common shares outstanding 404,307 409,685
Cintas Corporation
Consolidated Condensed Statements of Income
(In thousands except per share data)
Twelve Months Ended
May 31,
2026 May 31
2025 %
Change
Revenue:
Uniform rental and facility services $ 8,621,624 $ 7,976,073 8.1%
Other 2,643,137 2,364,108 11.8%
Total revenue 11,264,761 10,340,181 8.9%
Costs and expenses:
Cost of uniform rental and facility services 4,312,097 4,040,888 6.7%
Cost of other 1,244,871 1,125,129 10.6%
Selling and administrative expenses 3,086,145 2,814,438 9.7%
UniFirst Corporation transaction expenses 15,136 — —%
Operating income 2,606,512 2,359,726 10.5%
Interest income (5,107) (5,584) (8.5)%
Interest expense 106,285 101,108 5.1%
Income before income taxes 2,505,334 2,264,202 10.6%
Income taxes 505,366 451,921 11.8%
Net income $ 1,999,968 $ 1,812,281 10.4%
Basic earnings per share $ 4.97 $ 4.48 10.9%
Diluted earnings per share $ 4.91 $ 4.40 11.6%
Basic weighted average common shares outstanding 401,267 403,530
Diluted weighted average common shares outstanding 406,197 410,286
CINTAS CORPORATION SUPPLEMENTAL DATA
Gross Margin and Net Income Margin Results
Three Months Ended Twelve Months Ended
May 31,
2026 May 31
2025 May 31,
2026 May 31
2025
Uniform rental and facility services
gross margin 50.2% 49.0% 50.0% 49.3%
Other gross margin 53.4% 52.0% 52.9% 52.4%
Total gross margin 51.0% 49.7% 50.7% 50.0%
Net income margin 17.6% 16.8% 17.8% 17.5%
Reconciliation of Non-GAAP Financial Measures
The press release contains non-GAAP financial measures within the meaning of the rules promulgated by the U.S. Securities and Exchange Commission. To supplement its consolidated condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides this additional non-GAAP financial measure of free cash flow. The Company believes that this non-GAAP financial measure is appropriate to enhance understanding of its past performance as well as prospects for future performance. A reconciliation of the difference between this non-GAAP financial measure with the most directly comparable financial measure calculated in accordance with GAAP is shown in the table below.
Computation of Free Cash Flow
Twelve Months Ended
(In thousands) May 31,
2026 May 31
2025
Net cash provided by operations $ 2,276,280 $ 2,165,905
Capital expenditures (395,105) (408,884)
Free cash flow $ 1,881,175 $ 1,757,021
Management uses free cash flow to assess the financial performance of the Company. Management believes that free cash flow is useful to investors because it relates the operating cash flow of the Company to the capital that is spent to continue, improve and grow business operations.
SUPPLEMENTAL SEGMENT DATA
(In thousands) Uniform Rental
and Facility Services First Aid
and Safety Services All
Other Corporate Total
For the three months ended May 31, 2026
Revenue $ 2,197,705 $ 368,133 $ 339,365 $ — $ 2,905,203
Cost of sales 1,095,307 155,067 174,538 — 1,424,912
Gross margin 1,102,398 213,066 164,827 — 1,480,291
Selling and administrative expenses 572,930 114,475 105,827 — 793,232
UniFirst Corporation transaction expenses — — — 14,024 14,024
Operating income $ 529,468 $ 98,591 $ 59,000 $ (14,024) $ 673,035
For the three months ended May 31, 2025
Revenue $ 2,030,680 $ 324,397 $ 312,575 $ — $ 2,667,652
Cost of sales 1,036,013 140,208 165,442 — 1,341,663
Gross margin 994,667 184,189 147,133 — 1,325,989
Selling and administrative expenses 529,558 107,505 91,474 — 728,537
Operating income $ 465,109 $ 76,684 $ 55,659 $ — $ 597,452
For the twelve months ended May 31, 2026
Revenue $ 8,621,624 $ 1,391,853 $ 1,251,284 $ — $ 11,264,761
Cost of sales 4,312,097 589,370 655,501 — 5,556,968
Gross margin 4,309,527 802,483 595,783 — 5,707,793
Selling and administrative expenses 2,232,515 449,084 404,546 — 3,086,145
UniFirst Corporation transaction expenses — — — 15,136 15,136
Operating income $ 2,077,012 $ 353,399 $ 191,237 $ (15,136) $ 2,606,512
For the twelve months ended May 31, 2025
Revenue $ 7,976,073 $ 1,218,090 $ 1,146,018 $ — $ 10,340,181
Cost of sales 4,040,888 521,480 603,649 — 5,166,017
Gross margin 3,935,185 696,610 542,369 — 5,174,164
Selling and administrative expenses 2,061,795 401,882 350,761 — 2,814,438
Operating income $ 1,873,390 $ 294,728 $ 191,608 $ — $ 2,359,726
Cintas Corporation
Consolidated Condensed Balance Sheets
(In thousands)
May 31,
2026 May 31,
2025
ASSETS
Current assets:
Cash and cash equivalents $ 289,018 $ 263,973
Accounts receivable, net 1,555,190 1,417,381
Inventories, net 446,435 447,408
Uniforms and other rental items in service 1,276,174 1,137,361
Prepaid expenses and other current assets 286,225 170,046
Total current assets 3,853,042 3,436,169
Property and equipment, net 1,740,501 1,652,474
Investments 438,662 339,518
Goodwill 3,544,212 3,400,227
Service contracts, net 287,869 309,828
Operating lease right-of-use assets, net 271,088 224,383
Other assets, net 393,766 462,642
$ 10,529,140 $ 9,825,241
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 461,157 $ 485,109
Accrued compensation and related liabilities 237,042 229,538
Accrued liabilities 889,198 875,077
Income taxes, current 44,070 4,034
Operating lease liabilities, current 56,505 50,744
Debt due within one year 998,987 —
Total current liabilities 2,686,959 1,644,502
Long-term liabilities:
Debt due after one year 1,429,086 2,424,999
Deferred income taxes 537,919 471,740
Operating lease liabilities 221,379 178,738
Accrued liabilities 513,910 420,781
Total long-term liabilities 2,702,294 3,496,258
Shareholders’ equity:
Preferred stock, no par value:
100 shares authorized, none outstanding
— —
Common stock, no par value, and paid-in capital:
1,700,000 shares authorized
FY 2026: 779,537 issued and 400,147 outstanding
FY 2025: 776,936 issued and 402,948 outstanding
2,851,129 2,593,479
Retained earnings 13,073,999 11,798,451
Treasury stock:
FY 2026: 379,390 shares
FY 2025: 373,988 shares
(10,869,708) (9,791,838)
Accumulated other comprehensive income 84,467 84,389
Total shareholders’ equity 5,139,887 4,684,481
$ 10,529,140 $ 9,825,241
Cintas Corporation
Consolidated Condensed Statements of Cash Flows
(In thousands)
Twelve Months Ended
May 31,
2026 May 31
2025
Cash flows from operating activities:
Net income $ 1,999,968 $ 1,812,281
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation 318,637 303,377
Amortization of intangible assets and capitalized contract costs 194,209 190,806
Stock-based compensation 128,076 128,329
Gain on sale of property and equipment — (19,341)
Deferred income taxes 58,092 (5,807)
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net (135,216) (174,141)
Inventories, net 2,273 (33,947)
Uniforms and other rental items in service (137,612) (93,646)
Prepaid expenses and other current assets and capitalized contract costs (174,033) (180,840)
Accounts payable (24,102) 143,973
Accrued compensation and related liabilities 7,185 17,769
Accrued liabilities and other (371) 92,397
Income taxes, current 39,174 (15,305)
Net cash provided by operating activities 2,276,280 2,165,905
Cash flows from investing activities:
Capital expenditures (395,105) (408,884)
Purchases of investments (8,252) (7,196)
Proceeds from sale of property and equipment — 23,972
Acquisitions of businesses, net of cash acquired (164,548) (232,899)
Other, net (523) 1,369
Net cash used in investing activities (568,428) (623,638)
Cash flows from financing activities:
Proceeds from issuance of debt, net — 398,088
Debt issuance costs (7,277) (1,165)
Repayment of debt — (450,000)
Proceeds from exercise of stock-based compensation awards 3,808 896
Dividends paid (701,485) (611,627)
Repurchase of common stock (952,104) (934,800)
Other, net (25,014) (20,403)
Net cash used in financing activities (1,682,072) (1,619,011)
Effect of exchange rate changes on cash and cash equivalents (735) (1,298)
Net increase (decrease) in cash and cash equivalents 25,045 (78,042)
Cash and cash equivalents at beginning of year
263,973 342,015
Cash and cash equivalents at end of year
$ 289,018 $ 263,973
GRAPHIC — CINTASREADYFORTHEWORKDAY
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Entity Registrant Name
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Entity Central Index Key
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Entity Incorporation, State or Country Code
WA
Entity File Number
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Entity Tax Identification Number
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Entity Address, Address Line One
6800 Cintas Boulevard, P.O. Box 625737,
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Entity Address, Postal Zip Code
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City Area Code
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Local Phone Number
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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No definition available.
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- Definition
Address Line 1 such as Attn, Building Name, Street Name
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Name of the City or Town
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- Definition
Code for the postal or zip code
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Name of the state or province.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Indicate if registrant meets the emerging growth company criteria.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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No definition available.
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- Definition
Two-character EDGAR code representing the state or country of incorporation.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Local phone number for entity.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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- Definition
Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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-Number 240
-Section 14a
-Subsection 12
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- Definition
Trading symbol of an instrument as listed on an exchange.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Number 230
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