Cintas (CTAS) FY2022 results: revenue $7.9 billion, up 10.4% on the year
Cintas Corp. (CTAS) reported revenue of $7.9 billion for fiscal 2022, the year ended 31 May 2022, up 10.4% on the year before. Net income was $1.2 billion, up 11.2%, and diluted earnings per share $2.91. The figures are the company's own, from the 10-K it filed with the SEC on 27 July 2022.
Revenue
$7.9 billion
+10.4% on the year
FY2015FY2022
Operating margin
20.2%
19.5% a year earlier
FY2015FY2022
Net income
$1.2 billion
+11.2% on the year
FY2015FY2022
Diluted EPS
$2.91
+13.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,538
1,361
1,291
+13.0%
Capital expenditure
241
143
230
+67.8%
Free cash flow
1,297
1,217
1,061
+6.5%
Free cash flow margin
16.5%
17.1%
15.0%
Cash from investing
-403
-137
-285
Cash from financing
-1,538
-880
-955
Depreciation and amortisation
400
388
379
+3.0%
Share-based compensation
109
112
115
-2.4%
Buybacks
1,526
554
465
+175.4%
Dividends paid
375
451
268
-16.9%
Dividend per share
$0.95
$1.25
$0.64
-24.2%
Diluted shares, weighted
422m
431m
428m
-2.0%
Shares outstanding at period end
407m
416m
414m
-2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,308
3,688
3,235
-10.3%
Debt
2,811
2,550
2,550
+10.2%
Operating lease liabilities
129
131
123
-1.3%
Other liabilities
1,899
1,868
1,762
+1.6%
Total liabilities and equity
8,147
8,237
7,670
-1.1%
Fixed assets
1,324
1,318
1,403
+0.4%
Goodwill
3,043
2,913
2,870
+4.5%
Intangible assets
719
720
761
-0.2%
Cash and equivalents
90.5
494
145
-81.7%
Receivables
1,006
902
870
+11.6%
Inventory
472
482
409
-2.0%
Other assets
1,493
1,408
1,212
+6.0%
Total assets
8,147
8,237
7,670
-1.1%
10-K for the year ended 31 May 2022, filed 27 July 2022: the filing.