Cintas (CTAS) FY2015 results: revenue $4.4 billion, up 4.2% on the year
Cintas Corp. (CTAS) reported revenue of $4.4 billion for fiscal 2015, the year ended 31 May 2015, up 4.2% on the year before. Net income was $431 million, up 15.0%, and diluted earnings per share $0.91. The figures are the company's own, from the 10-K it filed with the SEC on 30 July 2015.
Revenue
$4.4 billion
+4.2% on the year
FY2009FY2015
Operating margin
15.6%
14.4% a year earlier
FY2009FY2015
Net income
$431 million
+15.0% on the year
FY2009FY2015
Diluted EPS
$0.91
+19.0% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,370
4,194
4,246
+4.2%
Gross profit
1,893
1,750
1,753
+8.2%
Gross margin
43.3%
41.7%
41.3%
Selling, general and administrative
1,209
1,147
1,187
+5.4%
Operating income
684
603
565
+13.4%
Operating margin
15.6%
14.4%
13.3%
Interest expense
65.2
65.8
65.7
-1.0%
Pre-tax income
641
537
501
+19.3%
Income tax
238
199
184
+19.4%
Effective tax rate
37.2%
37.1%
36.8%
Net income
431
374
315
+15.0%
Net margin
9.9%
8.9%
7.4%
Diluted EPS
$0.91
$0.76
$0.63
+19.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
580
606
553
-4.2%
Capital expenditure
218
146
196
+49.6%
Free cash flow
363
460
356
-21.3%
Free cash flow margin
8.3%
11.0%
8.4%
Cash from investing
45.0
-14.5
n/a
Cash from financing
-713
-430
n/a
Depreciation and amortisation
153
147
180
+3.6%
Share-based compensation
47.0
29.9
23.3
+57.3%
Buybacks
552
371
216
+48.9%
Dividends paid
202
93.3
79.7
+116.3%
Dividend per share
$0.42
$0.19
$0.16
+120.8%
Diluted shares, weighted
470m
487m
498m
-3.4%
Shares outstanding at period end
447m
468m
489m
-4.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,932
2,193
2,201
-11.9%
Debt
1,300
1,301
1,309
-0.1%
Other liabilities
960
969
835
-0.9%
Total liabilities and equity
4,192
4,462
4,346
-6.1%
Fixed assets
871
856
987
+1.8%
Goodwill
1,180
1,267
1,518
-6.9%
Intangible assets
35.6
55.7
92.2
-36.0%
Investments
n/a
0.0
5.7
Cash and equivalents
417
513
352
-18.7%
Receivables
496
508
496
-2.4%
Inventory
226
251
240
-10.0%
Other assets
966
1,011
655
-4.4%
Total assets
4,192
4,462
4,346
-6.1%
10-K for the year ended 31 May 2015, filed 30 July 2015: the filing.