Cintas (CTAS) FY2016 results: revenue $4.8 billion, up 9.8% on the year
Cintas Corp. (CTAS) reported revenue of $4.8 billion for fiscal 2016, the year ended 31 May 2016, up 9.8% on the year before. Net income was $694 million, up 61.1%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 29 July 2016.
Revenue
$4.8 billion
+9.8% on the year
FY2009FY2016
Operating margin
16.0%
15.6% a year earlier
FY2009FY2016
Net income
$694 million
+61.1% on the year
FY2009FY2016
Diluted EPS
$1.55
+71.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,796
4,370
4,194
+9.8%
Gross profit
2,101
1,893
1,750
+11.0%
Gross margin
43.8%
43.3%
41.7%
Selling, general and administrative
1,332
1,209
1,147
+10.2%
Operating income
769
684
603
+12.5%
Operating margin
16.0%
15.6%
14.4%
Interest expense
64.5
65.2
65.8
-1.0%
Pre-tax income
705
641
537
+10.1%
Income tax
257
238
199
+7.9%
Effective tax rate
36.4%
37.2%
37.1%
Net income
694
431
374
+61.1%
Net margin
14.5%
9.9%
8.9%
Diluted EPS
$1.55
$0.91
$0.76
+71.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
466
580
606
-19.7%
Capital expenditure
275
218
146
+26.5%
Free cash flow
190
363
460
-47.5%
Free cash flow margin
4.0%
8.3%
11.0%
Cash from investing
128
45.0
-14.5
+185.4%
Cash from financing
-867
-713
-430
Depreciation and amortisation
165
153
147
+8.3%
Share-based compensation
79.3
47.0
29.9
+68.7%
Buybacks
780
552
371
+41.3%
Dividends paid
115
202
93.3
-42.9%
Dividend per share
$0.26
$0.42
$0.19
-38.2%
Diluted shares, weighted
440m
470m
487m
-6.5%
Shares outstanding at period end
417m
447m
468m
-6.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,843
1,932
2,193
-4.6%
Debt
1,294
1,300
1,301
-0.4%
Other liabilities
967
960
969
+0.8%
Total liabilities and equity
4,104
4,192
4,462
-2.1%
Fixed assets
994
871
856
+14.1%
Goodwill
1,276
1,180
1,267
+8.1%
Intangible assets
78.2
35.6
55.7
+119.3%
Investments
n/a
n/a
0.0
Cash and equivalents
139
417
513
-66.6%
Receivables
546
496
508
+10.2%
Inventory
249
226
251
+10.2%
Other assets
821
966
1,011
-15.0%
Total assets
4,104
4,192
4,462
-2.1%
10-K for the year ended 31 May 2016, filed 29 July 2016: the filing.