2024 Q3 Form 10-Q Financial Statement
#000072325424000053 Filed on October 04, 2024
Income Statement
Concept | 2024 Q3 |
---|---|
Revenue | $2.502B |
YoY Change | 6.8% |
Cost Of Revenue | $1.249B |
YoY Change | 4.05% |
Gross Profit | $1.252B |
YoY Change | 9.68% |
Gross Profit Margin | 50.05% |
Selling, General & Admin | $691.1M |
YoY Change | 7.81% |
% of Gross Profit | 55.19% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $73.84M |
YoY Change | 9.21% |
% of Gross Profit | 5.9% |
Operating Expenses | $691.1M |
YoY Change | 7.81% |
Operating Profit | $561.0M |
YoY Change | 12.08% |
Interest Expense | -$24.37M |
YoY Change | -199.29% |
% of Operating Profit | -4.34% |
Other Income/Expense, Net | |
YoY Change | |
Pretax Income | $536.7M |
YoY Change | 12.64% |
Income Tax | $84.63M |
% Of Pretax Income | 15.77% |
Net Earnings | $452.0M |
YoY Change | 17.39% |
Net Earnings / Revenue | 18.07% |
Basic Earnings Per Share | $1.12 |
Diluted Earnings Per Share | $1.10 |
COMMON SHARES | |
Basic Shares Outstanding | 403.4M shares |
Diluted Shares Outstanding | 410.5M shares |
Balance Sheet
Concept | 2024 Q3 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $101.4M |
YoY Change | 15.07% |
Cash & Equivalents | $101.4M |
Short-Term Investments | |
Other Short-Term Assets | $1.249B |
YoY Change | 3.78% |
Inventory | $399.1M |
Prepaid Expenses | |
Receivables | $1.294B |
Other Receivables | $0.00 |
Total Short-Term Assets | $3.043B |
YoY Change | 1.87% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $1.555B |
YoY Change | 8.02% |
Goodwill | $3.224B |
YoY Change | 3.82% |
Intangibles | |
YoY Change | |
Long-Term Investments | $325.7M |
YoY Change | 22.01% |
Other Assets | $419.3M |
YoY Change | 5.08% |
Total Long-Term Assets | $6.025B |
YoY Change | 5.11% |
TOTAL ASSETS | |
Total Short-Term Assets | $3.043B |
Total Long-Term Assets | $6.025B |
Total Assets | $9.069B |
YoY Change | 4.0% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $395.9M |
YoY Change | 25.8% |
Accrued Expenses | $717.1M |
YoY Change | 21.05% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | $615.7M |
YoY Change | |
Total Short-Term Liabilities | $1.985B |
YoY Change | 69.82% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $2.026B |
YoY Change | -18.19% |
Other Long-Term Liabilities | $561.5M |
YoY Change | 13.16% |
Total Long-Term Liabilities | $3.062B |
YoY Change | -11.83% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $1.985B |
Total Long-Term Liabilities | $3.062B |
Total Liabilities | $5.047B |
YoY Change | 8.73% |
SHAREHOLDERS EQUITY | |
Retained Earnings | $10.91B |
YoY Change | 10.85% |
Common Stock | $2.416B |
YoY Change | 13.87% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $4.021B |
YoY Change | |
Total Liabilities & Shareholders Equity | $9.069B |
YoY Change | 4.0% |
Cashflow Statement
Concept | 2024 Q3 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $452.0M |
YoY Change | 17.39% |
Depreciation, Depletion And Amortization | $73.84M |
YoY Change | 9.21% |
Cash From Operating Activities | $466.7M |
YoY Change | 38.52% |
INVESTING ACTIVITIES | |
Capital Expenditures | $92.92M |
YoY Change | -12.91% |
Acquisitions | $9.436M |
YoY Change | -83.04% |
Other Investing Activities | $4.851M |
YoY Change | 403.74% |
Cash From Investing Activities | -$114.3M |
YoY Change | -32.68% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | $614.8M |
YoY Change | 739.02% |
Debt Paid & Issued, Net | $0.00 |
YoY Change | -100.0% |
Cash From Financing Activities | -$592.8M |
YoY Change | 192.92% |
NET CHANGE | |
Cash From Operating Activities | $466.7M |
Cash From Investing Activities | -$114.3M |
Cash From Financing Activities | -$592.8M |
Net Change In Cash | -$240.6M |
YoY Change | 568.02% |
FREE CASH FLOW | |
Cash From Operating Activities | $466.7M |
Capital Expenditures | $92.92M |
Free Cash Flow | $373.8M |
YoY Change | 62.35% |
Facts In Submission
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33367000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
231000 | usd |
CY2024Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
614802000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4021423000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3863986000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
385085000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9391000 | usd |
CY2023Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
138272000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
30242000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
479000 | usd |
CY2023Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
73276000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4077635000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
452033000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
385085000 | usd |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
73838000 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
67613000 | usd |
CY2024Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
41366000 | usd |
CY2023Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
39199000 | usd |
CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
33367000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
30242000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-1887000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
1367000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
49129000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
43892000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-11318000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-8541000 | usd |
CY2024Q3 | ctas |
Increase Decrease In Uniforms And Other Rental Items In Service
IncreaseDecreaseInUniformsAndOtherRentalItemsInService
|
20144000 | usd |
CY2023Q3 | ctas |
Increase Decrease In Uniforms And Other Rental Items In Service
IncreaseDecreaseInUniformsAndOtherRentalItemsInService
|
7414000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
68719000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
66791000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
56698000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
12443000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-86965000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-124408000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-44268000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-48952000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
65450000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
86646000 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
466732000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
336945000 | usd |
CY2024Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
92921000 | usd |
CY2023Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
106697000 | usd |
CY2024Q3 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
7124000 | usd |
CY2023Q3 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
6525000 | usd |
CY2024Q3 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
9436000 | usd |
CY2023Q3 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
55651000 | usd |
CY2024Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
4851000 | usd |
CY2023Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
963000 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-114332000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-169836000 | usd |
CY2024Q3 | us-gaap |
Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
|
166000000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
|
0 | usd |
CY2024Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | usd |
CY2023Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
10000000 | usd |
CY2024Q3 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
231000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
479000 | usd |
CY2024Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
138237000 | usd |
CY2023Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
117565000 | usd |
CY2024Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
614802000 | usd |
CY2023Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
73276000 | usd |
CY2024Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-5984000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2013000 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-592792000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-202375000 | usd |
CY2024Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-250000 | usd |
CY2023Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-757000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-240642000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36023000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
342015000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
124149000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
101373000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
88126000 | usd |
CY2024Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
13926000 | usd |
CY2024Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
16664000 | usd |
CY2024Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
47536000 | usd |
CY2024Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
48458000 | usd |
CY2024Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
337616000 | usd |
CY2024Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
345079000 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
399078000 | usd |
CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
410201000 | usd |
CY2024Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
65200000 | usd |
CY2024Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
63100000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
4 | |
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2501587000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2342330000 | usd |
CY2024Q3 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
95000000 | usd |
CY2024Q3 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
265900000 | usd |
CY2024Q2 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
94600000 | usd |
CY2024Q2 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
262500000 | usd |
CY2024Q3 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
25900000 | usd |
CY2023Q3 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
24400000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
21800000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
19700000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
13328000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
12696000 | usd |
CY2024Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
13973000 | usd |
CY2023Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
14286000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y2M12D | |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y1M24D | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0364 | |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0348 | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
39570000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
47203000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
37748000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
31759000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
23645000 | usd |
CY2024Q3 | ctas |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
36546000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
216471000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
20589000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
195882000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
452033000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
385085000 | usd |
CY2024Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
1654000 | usd |
CY2023Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
1560000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
450379000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
383525000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
403382000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
407580000 | shares |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.12 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.94 | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
452033000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
385085000 | usd |
CY2024Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
1654000 | usd |
CY2023Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
1560000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
450379000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
383525000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
403382000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
407580000 | shares |
CY2024Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
7114000 | shares |
CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6709000 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
410496000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
414289000 | shares |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.93 | |
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
300000 | shares |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
600000 | shares |
CY2024Q3 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
744000 | shares |
CY2024Q3 | ctas |
Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Average Cost
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationAverageCost
|
189.67 | |
CY2024Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
141185000 | usd |
CY2023Q3 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
582000 | shares |
CY2023Q3 | ctas |
Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Average Cost
ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationAverageCost
|
125.80 | |
CY2023Q3 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
73276000 | usd |
CY2024Q3 | ctas |
Treasury Stock Value Acquired Cost Method And Share Based Payment Arrangement Decrease For Tax Withholding Obligation
TreasuryStockValueAcquiredCostMethodAndShareBasedPaymentArrangementDecreaseForTaxWithholdingObligation
|
614802000 | usd |
CY2023Q3 | ctas |
Treasury Stock Value Acquired Cost Method And Share Based Payment Arrangement Decrease For Tax Withholding Obligation
TreasuryStockValueAcquiredCostMethodAndShareBasedPaymentArrangementDecreaseForTaxWithholdingObligation
|
73276000 | usd |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
3212424000 | usd |
CY2024Q3 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
8507000 | usd |
CY2024Q3 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
2597000 | usd |
CY2024Q3 | us-gaap |
Goodwill
Goodwill
|
3223528000 | usd |
CY2024Q3 | ctas |
Other Assets Gross
OtherAssetsGross
|
1032193000 | usd |
CY2024Q3 | ctas |
Accumulated Amortization Of Other Assets
AccumulatedAmortizationOfOtherAssets
|
612861000 | usd |
CY2024Q3 | us-gaap |
Other Assets
OtherAssets
|
419332000 | usd |
CY2024Q2 | ctas |
Other Assets Gross
OtherAssetsGross
|
1010869000 | usd |
CY2024Q2 | ctas |
Accumulated Amortization Of Other Assets
AccumulatedAmortizationOfOtherAssets
|
585918000 | usd |
CY2024Q2 | us-gaap |
Other Assets
OtherAssets
|
424951000 | usd |
CY2024Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
40700000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
38500000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
116518000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
136350000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
112757000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
86291000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
72046000 | usd |
CY2024Q3 | ctas |
Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
|
158770000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
682732000 | usd |
CY2024Q3 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
508000 | usd |
CY2024Q2 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
699000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
615702000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
449595000 | usd |
CY2024Q3 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
10102000 | usd |
CY2024Q2 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
10616000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2026448000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2025934000 | usd |
CY2024Q3 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
2486600000 | usd |
CY2024Q3 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
2464500000 | usd |
CY2024Q2 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
2486600000 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
2392800000 | usd |
CY2024Q3 | ctas |
Other Comprehensive Income Loss Amortization Of Interest Rate Lock Agreements Net Of Tax
OtherComprehensiveIncomeLossAmortizationOfInterestRateLockAgreementsNetOfTax
|
-1500000 | usd |
CY2023Q3 | ctas |
Other Comprehensive Income Loss Amortization Of Interest Rate Lock Agreements Net Of Tax
OtherComprehensiveIncomeLossAmortizationOfInterestRateLockAgreementsNetOfTax
|
-1400000 | usd |
CY2024Q3 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
500000000 | usd |
CY2024Q2 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
500000000 | usd |
CY2024Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
35200000 | usd |
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
32700000 | usd |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.158 | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.192 | |
CY2024Q3 | us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
-6300000 | usd |
CY2024Q3 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
1523000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-7823000 | usd |
CY2023Q3 | us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
10833000 | usd |
CY2023Q3 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
1442000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9391000 | usd |
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2501587000 | usd |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
561031000 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
9068707000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2342330000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
500556000 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
8719681000 | usd |
CY2024Q3 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
Litigation and Other Contingencies<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cintas is subject to legal proceedings, insurance receipts, legal settlements and claims arising from the ordinary course of its business, including personal injury, customer contract, environmental and employment claims. In the opinion of management, the aggregate liability, if any, with respect to such ordinary course of business actions will not have a material adverse effect on the consolidated financial position, consolidated results of operations or consolidated cash flows of Cintas. Cintas is party to additional litigation not considered in the ordinary course of business, including the litigation discussed below. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a defendant in a purported class action lawsuit, </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">City of Laurel, Mississippi v. Cintas Corporation No. 2</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, filed on March 12, 2021. This is a contract dispute whereby plaintiffs allege that Cintas breached its contracts with participating public agencies and seek, among other things, contract-based damages. In March 2024, an agreement in principle was reached with the plaintiff which would require a one-time monetary payment related to the contract dispute of $45.0 million, which was accrued for and included in accrued liabilities on the consolidated condensed balance sheet at August 31, 2024. The amount reserved for this matter did not have a material impact on the consolidated condensed statements of income for any period presented. The Company will also make certain future investments such as people and technology. These future investments are not expected to be material to the Company. The tentative settlement remains subject to confirmatory discovery and approval of the U.S. District Court for the District of Nevada, however, we do not anticipate any material changes in the amounts reflected in the consolidated condensed financial statements.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company, the Board of Directors, Scott Farmer (Executive Chairman) and the Investment Policy Committee are defendants in a purported class action, filed on December 13, 2019, pending in the U.S. District Court for the Southern District of Ohio alleging violations of The Employee Retirement Income Security Act of 1974 (ERISA). The lawsuit asserts that the defendants improperly managed the costs of the employee retirement plan, breached their fiduciary duties in failing to investigate and select lower cost alternative funds and failed to monitor and control the employee retirement plan’s recordkeeping costs. In November 2023, an agreement in principle was reached with the plaintiffs, which would require a payment of an immaterial amount that would be covered by the Company's insurance. The settlement received final approval by the U.S. District Court for the Southern District of Ohio in August 2024.</span></div> | |
CY2024Q3 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
45000000 | usd |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |