Cintas Corporation (CTAS) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-06-01 to 2024-08-31

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Cintas Corporation cash flow reconciliation, Jun 1, 2024 through Aug 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $452,033,000.00Depreciation → Operating adjustments reconciliation: $73,838,000.00Income taxes, current → Operating adjustments reconciliation: $65,450,000.00Accounts payable → Operating adjustments reconciliation: $56,698,000.00Amortization of intangible assets and capitalized contract costs → Operating adjustments reconciliation: $41,366,000.00Stock-based compensation → Operating adjustments reconciliation: $33,367,000.00Inventories, net → Operating adjustments reconciliation: $11,318,000.00Deferred income taxes → Operating adjustments reconciliation: $1,887,000.00Operating adjustments reconciliation → Net cash from operating activities: $14,699,000.00Operating adjustments reconciliation → Accrued compensation and related liabilities: $86,965,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets and capitalized contract costs: $68,719,000.00Operating adjustments reconciliation → Accounts receivable, net: $49,129,000.00Operating adjustments reconciliation → Accrued liabilities and other: $44,268,000.00Operating adjustments reconciliation → Uniforms and other rental items in service: $20,144,000.00investing reconciliation → Capital expenditures: $92,921,000.00investing reconciliation → Acquisitions of businesses, net of cash acquired: $9,436,000.00investing reconciliation → Purchases of investments: $7,124,000.00investing reconciliation → Other, net: $4,851,000.00Net cash used in financing activities → financing reconciliation: $592,792,000.00Issuance of commercial paper, net → financing reconciliation: $166,000,000.00Proceeds from exercise of stock-based compensation awards → financing reconciliation: $231,000.00financing reconciliation → Repurchase of common stock: $614,802,000.00financing reconciliation → Dividends paid: $138,237,000.00financing reconciliation → Other, net: $5,984,000.00Net cash used in investing activities → investing reconciliation: $114,332,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $342,015,000.00Net cash from operating activities → Cash sources and uses: $466,732,000.00Cash sources and uses → Exchange-rate effect: $250,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $101,373,000.00Cash sources and uses → Net cash used in investing activities: $114,332,000.00Cash sources and uses → Net cash used in financing activities: $592,792,000.00Net income: $452,033,000.00Net income+$452.03 MAccounts payable: $56,698,000.00Accounts payable+$56.70 MDeferred income taxes: $1,887,000.00Deferred tax balances+$1.89 MInventories, net: $11,318,000.00Inventories+$11.32 MDepreciation: $73,838,000.00Depreciation expense+$73.84 MUniforms and other rental items in service: -$20,144,000.00Uniforms & rental items−$20.14 MPrepaid expenses and other current assets and capitalized contract costs: -$68,719,000.00Prepaid & other assets−$68.72 MIncome taxes, current: $65,450,000.00Income taxes, net+$65.45 MAccrued compensation and related liabilities: -$86,965,000.00Accrued compensation−$86.97 MAmortization of intangible assets and capitalized contract costs: $41,366,000.00Amortization expense+$41.37 MAccounts receivable, net: -$49,129,000.00Accounts receivable−$49.13 MAccrued liabilities and other: -$44,268,000.00Accrued liabilities−$44.27 MStock-based compensation: $33,367,000.00Stock-based compensation+$33.37 MNet cash from operating activities: $466,732,000.00Operating cash+$466.73 MOperating adjustments reconciliation: $283,924,000.00Repurchase of common stock: -$614,802,000.00Common stock repurchases−$614.80 MIssuance of commercial paper, net: $166,000,000.00Commercial paper, net+$166.00 MOther, net: -$5,984,000.00Other financing, net−$5.98 MDividends paid: -$138,237,000.00Common dividends paid−$138.24 MProceeds from exercise of stock-based compensation awards: $231,000.00Employee stock plans & options+$231.00 KRepayment of debt: $0.00Net cash used in financing activities: -$592,792,000.00. Cash required to fund net payments.Financing cash−$592.79 Mfinancing reconciliation: $759,023,000.00Capital expenditures: -$92,921,000.00PP&E purchases−$92.92 MPurchases of investments: -$7,124,000.00Investment purchases−$7.12 MAcquisitions of businesses, net of cash acquired: -$9,436,000.00Acquisitions, net of cash−$9.44 MOther, net: -$4,851,000.00Other investing, net−$4.85 MNet cash used in investing activities: -$114,332,000.00. Cash required to fund net payments.Investing cash−$114.33 Minvesting reconciliation: $114,332,000.00Cash sources and uses: $808,747,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $342,015,000.00Beginning cash$342.02 MEnding cash: Cash, cash equivalents, and restricted cash: $101,373,000.00Ending cash$101.37 MExchange-rate effect: -$250,000.00FX effect−$250.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$373.81 MOperating cash − cash spent on PP&ECash flow / Net income1.03×Operating cash flow ÷ net incomeNet cash change−$240.64 MEnding cash − beginning cash
Chart details

Cintas Corporation cash flow reconciliation, Jun 1, 2024 through Aug 31, 2024

Cash flows for Jun 1, 2024 through Aug 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: May 31, 2024. Ending cash: Aug 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on May 31, 2024
342,015,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
466,732,000 US dollars. Net cash provided.
Net income
452,033,000 US dollars
Accounts payable
56,698,000 US dollars
Deferred income taxes
1,887,000 US dollars
Inventories, net
11,318,000 US dollars
Depreciation
73,838,000 US dollars
Uniforms and other rental items in service
negative 20,144,000 US dollars
Prepaid expenses and other current assets and capitalized contract costs
negative 68,719,000 US dollars
Income taxes, current
65,450,000 US dollars
Accrued compensation and related liabilities
negative 86,965,000 US dollars
Amortization of intangible assets and capitalized contract costs
41,366,000 US dollars
Accounts receivable, net
negative 49,129,000 US dollars
Accrued liabilities and other
negative 44,268,000 US dollars
Stock-based compensation
33,367,000 US dollars
Investing activities
negative 114,332,000 US dollars. Net cash used.
Capital expenditures
negative 92,921,000 US dollars
Purchases of investments
negative 7,124,000 US dollars
Acquisitions of businesses, net of cash acquired
negative 9,436,000 US dollars
Other, net
negative 4,851,000 US dollars
Financing activities
negative 592,792,000 US dollars. Net cash used.
Repurchase of common stock
negative 614,802,000 US dollars
Issuance of commercial paper, net
166,000,000 US dollars
Other, net
negative 5,984,000 US dollars
Dividends paid
negative 138,237,000 US dollars
Proceeds from exercise of stock-based compensation awards
231,000 US dollars
Repayment of debt
0 US dollars
Operating adjustment reconciliation
283,924,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
759,023,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
114,332,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 250,000 US dollars
Ending cash on Aug 31, 2024
101,373,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
808,747,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 240,642,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.03×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
466,732,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
92,921,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
373,811,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $14.70M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 466,732,000 US dollars minus 92,921,000 US dollars equals 373,811,000 US dollars.
Cintas Corporation (CTAS) FY2025 Q1 Statement of Cash Flows Sankey chart
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