Cintas Corporation

NasdaqGS-CTAS

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	LTM	May '25	May '24	May '23	May '22	May '21	May '20	May '19	May '18	May '17	May '16
Net Income	1,851.4	1,812.3	1,571.6	1,348	1,235.8	1,111	876	885	842.6	480.7	693.5
Net Income
Depreciation & Amortization	504.9	494.2	456.9	419.3	399.7	388	379.1	360.1	279.4	196.6	165.3
Depreciation
Amortization of Intangible Assets and Capitalized Contract Costs
Share-Based Compensation Expense	125.3	128.3	117	103.6	109.3	112	115.4	139.2	112.8	88.9	79.3
Stock-Based Compensation
Other Adjustments	5.8	-25.1	-28.9	23.2	9.8	-59.2	-7	-40.9	-215.7	79	-429.2
Gain on Equity Method Investment Transaction
Gain on Sale of Stock of an Equity Method Investment
Gain on Sale of Business
Net Gain on Sale of Operating Assets
Long-Lived Asset Impairment
Shredding Transaction Costs
G&K Services, Inc. Transaction and Integration Costs
Short-Term Debt Financing Fees Included in Net Income
Settlement of Cash Flow Hedges
Deferred Income Taxes
Changes in Trade Receivables	-128.6	-174.1	-91.4	-151.8	-100.4	-32.6	39.7	-94.9	-66.3	-93.6	-52.8
Accounts Receivable, Net
Changes in Inventories	-47.7	-33.9	95.8	-35.7	16.2	-75.5	-74.8	-60	-3.3	-0.7	-17.9
Inventories, Net
Changes in Accounts Payable	64.8	144	36.9	53.4	22.7	-2.6	2.6	12.3	35.3	13.7	-0.6
Accounts Payable
Changes in Accrued Expenses	46	110.2	70.7	44	-12.9	107	23.4	46.2	33.1	13.2	36.2
Accrued Compensation and Related Liabilities
Accrued Liabilities and Other
Changes in Income Taxes Payable	-6.1	-15.3	6.2	34.2	-2.7	-49.2	34.5	11.9	26.1	-29.4	-0.8
Income Taxes, Current
Changes in Other Operating Activities	-282.8	-274.5	-166.3	-252.2	-139.9	-138.3	-97.5	-191	-79.8	15.5	-7.3
Uniforms and Other Rental Items in Service
Prepaid Expenses and Other Current Assets and Capitalized Contract Costs
Cash from Operating Activities	2,113.7	2,165.9	2,068.5	1,586.2	1,537.6	1,360.7	1,291.5	1,067.9	964.2	763.9	465.8
Net Cash Provided by Operating Activities

Investing Activities	LTM	May '25	May '24	May '23	May '22	May '21	May '20	May '19	May '18	May '17	May '16
Capital Expenditure	-417.9	-408.9	-409.5	-331.1	-240.7	-143.5	-230.3	-276.7	-271.7	-273.3	-275.4
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	—	24	—	—	15.3	31.7	13.3	3.2	—	—	—
Proceeds from Sale of Operating Assets, Net of Cash Disposed
Purchases of Investments	-6.6	-7.2	-7.5	-4.6	-6.1	-4.3	-10	-17.8	-153.7	-181.1	-494.1
Purchases of Investments
Proceeds from Sale of Investments	—	—	—	—	—	—	—	73.3	179.9	218.3	434.2
Proceeds from Redemption of Marketable Securities and Investments
Proceeds from Sale of a Cost Method Investment
Proceeds from Sale of Stock of an Equity Method Investment
Payments for Business Acquisitions	-231.1	-232.9	-186.8	-46.4	-164.2	-10	-53.7	-9.8	-19.3	-2,102.4	-156.6
Acquisitions of Businesses, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—	—	—	127.8	28.3	—
Proceeds from Sale of Business
Other Investing Activities	6.1	1.4	0.5	0.4	-7	-11.1	-4.7	-7.8	1.4	-0.2	620.3
Proceeds from Storage Transactions, Net of Cash Contributed
Proceeds from Storage Transactions
Proceeds from Shredding Transactions
Dividends Received on Equity Method Investment
Dividends Received on Shred-It
Other, Net
Cash from Investing Activities	-625.5	-623.6	-603.3	-381.6	-402.6	-137.2	-285.4	-235.6	-135.7	-2,310.3	128.4
Net Cash Provided by Investing Activities

Financing Activities	LTM	May '25	May '24	May '23	May '22	May '21	May '20	May '19	May '18	May '17	May '16
Issuance of Short-Term Debt	-256.5	—	—	-261.2	261.2	—	-112.5	112.5	-50.5	50.5	—
Issuance of Commercial Paper, Net
Net Issuance / (Repayments) of Short-Term Debt	-256.5	—	—	-261.2	261.2	—	-112.5	112.5	-50.5	50.5	—
Issuance of Long-Term Debt	—	398.1	—	—	1,190.5	—	—	200	—	1,932.2	—
Proceeds from Issuance of Debt, Net
Repayments of Long-Term Debt	—	-450	-13.5	-50	-1,200	—	-200	—	-550	-250	-0
Repayment of Debt
Net Issuance / (Repayments) of Long-Term Debt	—	-51.9	-13.5	-50	-9.5	—	-200	200	-550	1,682.2	-0
Issuance of Common Shares	3.3	0.9	1.4	3	117.7	130	90.5	65.4	41.8	31.9	28.2
Proceeds from Exercise of Stock-Based Compensation Awards
Repurchases of Common Shares	-586.1	-934.8	-700	-398.9	-1,525.9	-554.1	-464.5	-1,016.3	-127.3	-20.7	-780.2
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-582.8	-933.9	-698.7	-395.8	-1,408.1	-424.2	-374	-950.9	-85.5	11.1	-751.9
Common Share Dividends Paid	-631.2	-611.6	-530.9	-449.9	-375.1	-451.3	-268	-220.8	-175.6	-142.4	-115.3
Dividends Paid
Other Financing Activities	-17.2	-21.6	-4.5	-9.8	-6.4	-4.4	-0.8	-14.1	-2.6	-22.9	0.5
Debt Issuance Costs
Other, Net
Cash from Financing Activities	-1,450.2	-1,619	-1,247.5	-1,166.8	-1,537.9	-879.9	-955.2	-873.3	-864.1	1,578.5	-866.7
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	May '25	May '24	May '23	May '22	May '21	May '20	May '19	May '18	May '17	May '16
Free Cash Flow	1,695.7	1,757	1,659	1,255.1	1,297	1,217.3	1,061.2	791.1	692.5	490.6	190.5
NOPAT	1,925.6	1,888.7	1,647.2	1,435.2	1,308.8	1,195.3	962.8	907.6	885.4	514.7	489.1
Levered Free Cash Flow	1,456.1	1,776.1	1,648.9	968.8	1,529.9	1,197	600.6	1,100.2	261.1	2,149	593.1
Unlevered Free Cash Flow	1,786.8	1,904.4	1,738	1,367.2	1,351.3	1,281.3	999.9	810.3	904.4	450.2	388.6
Net Change in Cash	37.9	-76.7	217.7	37.9	-403	343.7	50.9	-41.1	-35.7	32	-272.5