Cintas Corporation

NasdaqGS-CTAS

Operating Activities	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24
Net Income	491.1	448.3	463.5	448.5	452	414.3
Net Income
Depreciation & Amortization	125.9	121.9	127	124.9	120.4	129.4
Depreciation
Amortization of Intangible Assets and Capitalized Contract Costs
Stock Based Compensation	30.3	30.7	31.8	32.4	33.4	32.5
Stock-Based Compensation
Other Adjustments	13.5	-6	-26.1	-2.4	1.9	-7.5
Gain on Equity Method Investment Transaction
Gain on Sale of Business
Net Gain on Sale of Operating Assets
Gain on Investment in Shred-It Partnership
Long-Lived Asset Impairment
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	-3.6	-15.4	-29.7	-79.9	-49.1	17.6
Accounts Receivable, Net
Changes in Inventories	-2.4	-25.9	-26.8	7.4	11.3	39.9
Inventories, Net
Changes in Accounts Payable	-22.5	71.2	-7.5	23.6	56.7	31.1
Accounts Payable
Changes in Accrued Expenses	-195.4	67.1	122.6	51.7	-131.2	76.3
Accrued Compensation and Related Liabilities
Accrued Liabilities and Other
Changes in Income Taxes Payable	74.6	4.3	10	-95	65.5	0.4
Income Taxes, Current
Changes in Other Operating Activities	-97.1	-67.9	-42.8	-63.3	-100.4	-52.3
Uniforms and Other Rental Items in Service
Prepaid Expenses and Other Current Assets and Capitalized Contract Costs
Cash from Operating Activities	414.5	635.7	622	447.8	460.4	681.8
Net Cash Provided by Operating Activities

Investing Activities	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24
Capital Expenditure	-102	-114.6	-99.9	-101.4	-92.9	-101.9
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	—	9	18.1	5.9	—	—
Proceeds from Sale of Operating Assets, Net of Cash Disposed
Purchases of Investments	-6.5	-0.1	0	0	-7.1	0
Purchases of Investments
Proceeds from Sale of Investments	—	—	—	—	—	—
Proceeds from Redemption of Marketable Securities and Investments
Proceeds from Sale of a Cost Method Investment
Proceeds from Sale of Investment in Shred-It
Payments for Business Acquisitions	-7.6	-34.1	-43.9	-145.4	-9.4	-1.8
Acquisitions of Businesses, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Sale of Business
Other Investing Activities	-0.1	-0.4	0.4	1.4	0	3.6
Proceeds from Storage Transactions, Net of Cash Contributed
Proceeds from Storage Transactions
Proceeds from Shredding Transactions
Dividends Received on Shred-It
Other, Net
Cash from Investing Activities	-116.2	-149.3	-125.4	-239.5	-109.5	-100.1
Net Cash Provided by Investing Activities

Financing Activities	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24
Issuance of Short-Term Debt	—	-90.5	-181	15	166	-105
Issuance of Commercial Paper, Net
Net Issuance / (Repayments) of Short-Term Debt	—	-90.5	-181	15	166	-105
Issuance of Long-Term Debt	—	398.1	199	—	—	—
Proceeds from Issuance of Debt, Net
Repayments of Long-Term Debt	—	-450	-225	—	—	—
Repayment of Debt
Net Issuance / (Repayments) of Long-Term Debt	—	-51.9	-26	—	—	—
Issuance of Common Shares	2.7	0.2	0.1	0.3	0.2	0.1
Proceeds from Exercise of Stock-Based Compensation Awards
Repurchases of Common Shares	-266.1	-256.7	-26.6	-36.7	-614.8	-231.9
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-263.4	-256.5	-26.5	-36.4	-614.6	-231.8
Common Share Dividends Paid	-157.8	-157.9	-158.1	-157.3	-138.2	-137.6
Dividends Paid
Other Financing Activities	-2.8	-2.1	-8.6	-7	-4.5	1.4
Debt Issuance Costs
Other, Net
Cash from Financing Activities	-424	-468.4	-373.6	-185.7	-591.3	-368
Net Cash Provided by Financing Activities

Free Cash Flow	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24
Free Cash Flow	312.5	521.1	522.1	346.4	367.4	579.8
NOPAT	509.2	465.4	482	468.9	472.6	430.4
Levered Free Cash Flow	272.3	361.9	339.1	411.3	547.3	432.3
Unlevered Free Cash Flow	290.4	521.5	564.6	416.7	401.8	553.3
Net Change in Cash	-125.7	18.1	123	22.6	-240.4	213.7