Cintas Corp CTAS Cash Flow

Cintas corp (CTAS)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09
Cash flows from operating activities:
Net income
234,520	246,120	250,812	226,119	203,334	243,013	212,515	186,171	302,095	137,109	217,211	84,235	118,005	140,377	138,091	130,898	117,341	345,100	100,181	105,215	94,883	120,412	110,108	127,224	84,602	84,862	77,754	85,977	74,705	78,027	76,733	78,614	76,035	74,350	68,638	70,776	59,070	55,866	61,277	55,478	48,982	57,176	53,984
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
59,894	58,641	56,726	59,251	57,268	54,367	52,745	58,157	49,741	54,010	53,568	51,072	40,903	39,911	39,679	39,156	37,405	36,965	36,165	35,674	34,499	35,003	35,448	40,459	42,581	42,609	42,571	42,422	41,921	40,979	40,342	40,265	38,644	38,645	38,277	38,760	37,563	37,201	37,362	38,225	37,935	37,350	38,549
Amortization of intangible assets and capitalized contract costs
36,269	35,695	35,268	34,513	34,390	34,009	33,550	16,357	16,322	16,320	14,941	13,809	3,761	3,971	3,489	3,452	4,372	4,161	3,603	3,368	3,388	3,496	4,206	5,118	5,783	5,918	5,823	5,829	5,911	5,873	6,100	8,814	9,416	9,871	10,233	10,415	10,984	10,753	10,429	10,476	10,038	10,212	10,356
Stock-based compensation
27,030	29,003	40,395	33,657	30,769	28,612	46,172	26,791	30,840	26,574	28,630	25,290	23,996	18,803	20,779	22,124	16,928	16,324	23,917	10,986	11,231	12,505	12,280	7,627	7,624	7,640	6,984	6,650	5,576	5,636	5,448	5,289	5,267	5,234	4,522	5,390	4,014	2,753	3,046	4,026	3,752	3,941	3,630
Gain on sale of business
-	-	-	-	-	-	-	-2,660	0	-1,209	100,269	26,917	0	0	0	-15,786	0	10,943	4,843	3,537	899	34,137	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Shred-it
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	364,254	-14,516	-	-11,189	6,619	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on deconsolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,851	0	-6,619	6,619	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of stock of an equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	21,739	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
2,619	278	-7,910	-6,629	-5,852	-10,205	-9,022	-1,133	162,590	-17,224	-24,938	-7,374	-361	5,803	-1,970	-15,238	-23,883	104,055	-5,632	-5,438	-5,082	-8,238	-2,108	-38,376	566	-1,926	-7,373	-16,118	-8,554	-13,635	-9,716	-57,722	-10,772	3,959	7,808	-70,432	28,801	-3,739	-2,538	-25,240	7,168	5,189	-412
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net
-6,805	31,304	6,636	33,816	-24,646	70,697	15,051	26,221	15,246	33,755	-8,955	64,911	-16,274	21,974	22,946	11,239	2,105	20,163	19,255	-1,725	-9,579	20,969	-8,222	22,207	10,269	8,852	14,903	1,302	16,874	17,400	7,128	12,501	-9,090	10,708	10,142	16,142	5,070	14,027	13,747	5,563	-23,628	11,418	1,425
Inventories, net
4,378	11,676	1,726	-10,677	17,489	18,598	34,629	7,334	-1,416	-8,422	5,827	-22,696	8,748	1,599	13,017	-6,092	4,168	11,732	8,109	-8,415	-523	-13,470	-1,377	-5,068	6,898	3,974	5,258	-6,560	11,023	-5,571	-9,889	-24,628	-12,310	8,498	30,770	17,204	22,782	24,039	14,799	1,607	2,974	-17,898	-16,976
Uniforms and other rental items in service
988	21,439	11,305	17,892	14,652	34,665	23,019	20,249	10,756	20,236	13,058	8,679	-4,262	2,443	1,872	-599	-3,988	5,954	4,939	9,791	-1,270	16,361	7,112	7,293	-8,552	8,544	4,150	15,376	698	19,433	8,672	19,844	10,805	18,506	11,124	19,747	7,794	15,156	15,483	10,059	-8,728	491	-5,986
Prepaid expenses and other current assets and capitalized contract costs
26,760	26,481	41,928	15,642	26,962	11,231	46,930	-2,399	-648	2,562	16,011	-35,588	9,435	-3,703	5,655	-615	-789	-3,655	6,024	1,593	-1,013	-3,262	5,884	285	116	-5,440	7,216	3,290	-211	-5,190	5,392	-4,481	849	-855	5,983	-2,778	-2,108	-6,395	10,921	-3,955	-328	-4,322	4,890
Accounts payable
-13,784	14,698	13,357	12,197	2,034	-1,626	-329	35,855	8,126	-26,390	17,684	-1,812	87	-2,029	17,480	-37,934	18,002	3,837	15,531	170	-61,597	29,307	-1,325	37,483	12,178	-22,130	2,915	11,548	-9,544	6,741	16,278	-18,929	4,529	11,172	-9,329	2,241	7,209	11,345	8,420	-6,228	8,253	3,433	3,481
Accrued compensation and related liabilities
24,534	29,392	-58,718	19,187	17,103	35,217	-56,186	-7,183	34,271	-6,174	-30,306	19,466	13,124	18,340	-37,276	17,243	19,040	12,808	-35,579	10,320	18,025	16,151	-41,262	8,712	21,600	15,396	-34,777	-12,481	36,219	13,894	-50,793	8,374	18,565	12,297	-27,611	12,252	13,699	7,892	-21,350	9,979	10,060	5,472	-7,118
Accrued liabilities and other
21,309	6,199	-24,082	27,296	18,936	12,234	-27,556	31,471	12,937	14,278	-16,218	5,578	-1,213	18,810	-23,676	41,015	-19,342	27,294	-26,253	31,225	-22,939	14,396	10,384	49,212	-6,362	38,602	-27,215	35,661	782	22,830	-27,400	-29,698	-16,979	36,507	-10,201	38,496	-30,597	22,860	-32,926	36,021	-13,739	31,679	-6,433
Income taxes, current
1,366	-34,120	16,828	35,750	-6,660	-29,885	12,681	3,289	14,051	-61,386	70,128	-10,568	-19,340	-40,058	40,542	-54,235	-184,016	188,911	48,540	5,734	-20,174	-40,401	48,009	-3,057	4,784	-19,172	32,658	6,089	5,340	-29,145	29,744	14,933	-24,239	-27,864	47,860	-20,468	1,521	-24,173	26,528	19,578	7,145	15,482	-32,210
Net cash provided by operating activities
363,198	294,450	276,901	397,145	326,150	181,582	162,985	303,296	281,855	124,643	254,366	280,129	182,037	144,133	157,588	168,691	32,117	121,954	143,083	202,630	85,073	144,372	148,201	220,196	163,493	139,721	82,559	184,405	141,080	132,398	94,865	162,148	131,756	119,396	56,562	132,931	98,726	73,931	35,298	136,465	135,014	149,281	144,894
Cash flows from investing activities:
Capital expenditures
63,212	61,424	64,743	68,914	70,191	73,086	64,528	75,659	63,574	69,949	62,517	54,696	63,448	76,593	78,580	67,883	85,685	59,186	62,631	54,680	50,015	44,975	68,050	31,965	36,830	39,323	37,462	44,687	52,737	51,624	47,438	43,086	37,884	35,411	44,421	40,294	54,164	39,934	48,200	32,150	30,836	23,273	24,819
Proceeds from redemption of marketable securities
-	-	0	-	-	-	1,558	33,555	46,043	35,003	65,256	45,818	-462	63,356	109,612	106,400	115,698	59,174	152,907	143,227	18,711	0	0	4,561	4,521	9,881	35,233	63,827	56,198	16,733	24,720	145,061	379,793	76,601	63,561	1,177	2,596	57,630	77,653	-	-	-	-
Purchases of investments
340	730	9,391	297	3,473	14,071	0	-3,820	57,651	41,855	58,022	55,431	7,364	-1,459	119,729	109,350	113,455	75,321	196,020	115,524	67,969	4,997	6,981	523	7,922	22,472	32,941	43,066	55,344	43,084	36,970	9,251	382,877	86,382	107,145	55,133	10,702	6,056	6,416	11,450	16,759	33,801	19,259
Proceeds from sale of assets
-	-	-	-	-	-	-	-	0	-676	128,511	-	0	0	0	-	0	10,943	24,395	3,537	895	153,996	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of stock of an equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	29,933	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends received on equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,247	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses, net of cash acquired
41,268	2,686	3,896	2,410	823	-1,033	7,613	7,048	11,199	797	302	2,082,741	1,852	6,787	10,991	4,848	30,494	-197	121,434	1,697	10,783	687	2,328	476	451	298	32,216	4,745	11,382	51,113	2,130	3,982	6,331	13,681	870	13,035	69,718	40,975	47,824	9,069	34,774	3,968	2,633
Other, net
-13	1,994	109	1,003	5,087	1,515	202	383	-2,616	566	304	224	304	-1,250	918	296	-2,446	-1,066	-921	200	98	-1,665	-16	4,351	-61	1,311	-382	677	-11	1,250	-577	-158	3,919	767	-6,539	2,353	-4,013	4,096	2,762	3,307	-2,751	-1,078	25
Net cash used in investing activities
-104,807	-53,534	-78,139	-72,624	-76,374	-15,855	-70,785	-45,715	-83,765	-78,840	72,622	-2,144,874	-73,430	8,561	-100,606	-73,397	-111,490	515,130	-201,862	88,063	-109,259	105,002	-38,819	146,605	-40,621	-53,523	-67,004	-29,348	-63,254	-130,338	-61,241	88,900	-51,218	-59,640	-82,336	-109,638	-127,975	-33,431	-27,549	-55,275	-71,459	-34,112	-46,736
Cash flows from financing activities:
(Payments) issuance of commercial paper, net
0	-139,000	26,500	-105,000	44,000	173,500	0	-187,500	187,500	-7,500	-43,000	-49,000	33,500	-97,800	163,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	250,000	0	0	0	0	697,500	303,000	239	1,542	-	-	-	-
Repayment of debt
-	-	-	-	-	-	-	0	300,000	0	250,000	0	0	0	250,000	0	0	0	16	62	92	184	180	177	173	7,670	167	164	160	158	225,154	107	313	459	444	219,453	281,961	646	148	139	143	142	179
Payment of short-term debt financing fees
-	-	-	-	-	-	-	-	-	-	-	3,113	454	4,870	8,625	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock-based compensation awards
18,346	25,286	37,915	11,097	21,662	5,100	27,512	6,010	7,280	11,302	17,256	6,756	5,889	2,943	16,282	5,966	4,816	5,600	11,844	8,274	9,484	8,849	13,623	12,616	7,975	7,226	14,085	7,651	4,799	1,238	1,119	2,985	278	78	0	-	-	-	-	-	-	-	-
Repurchase of common stock
2,586	1,911	256,830	408,076	100,095	368,661	139,468	90,269	1,353	657	35,040	670	824	360	18,870	277,712	100,146	180,695	221,598	237,322	251,075	2,134	61,439	206,137	262	57,223	106,977	28,605	27,901	81,222	77,953	129,646	0	43	262,639	240,476	7	71,871	131,336	9	1	0	959
Other, net
1,982	-760	-1,192	-6,024	-2,726	-4,810	-552	-91	-607	-1,233	-649	-77	-229	-5,957	385	-663	507	595	51	-1,550	1,381	-5,040	6,798	-9,870	4,016	2,197	4,126	1,581	1,091	1,015	-3,491	-835	-64	528	926	-5,539	-769	-482	2,181	-583	323	-1,233	516
Net cash used in financing activities
-250,300	-116,385	-193,607	-308,007	-257,919	-194,871	-112,508	-271,850	-282,769	1,912	-311,433	1,886,136	-104,562	-106,044	-97,028	-272,409	-210,096	-174,500	-209,719	-230,610	-442,243	1,491	-41,198	-203,574	-81,758	-55,470	-88,933	-19,537	-101,915	-79,127	-55,479	-127,603	-70,919	104	-262,157	232,032	-51,549	-72,760	-127,761	-74,691	179	-1,375	-622
Effect of exchange rate changes on cash and cash equivalents
-185	-127	331	-728	523	-733	-60	430	1,240	-3,127	6,593	631	-374	-2,286	-102	1,356	-2,200	-2,659	-1,715	-1,330	-1,975	-5,594	-19	1,202	-1,589	-64	-225	-717	-928	337	1,247	-1,603	592	-2,400	137	-1,950	4,576	2,567	-623	-1,721	755	909	30
Net increase (decrease) in cash and cash equivalents
7,906	124,404	5,486	15,786	-7,620	-29,877	-20,368	-13,839	-83,439	44,588	22,148	22,022	3,671	44,364	-40,148	-175,759	-291,669	459,925	-270,213	58,753	-468,404	245,271	68,165	164,429	39,525	30,664	-73,603	134,803	-25,017	-76,730	-20,608	121,842	10,211	57,460	-287,794	253,375	-76,222	-29,693	-120,635	4,778	64,489	114,703	97,566