For the quarter ending 2026-02-28, CTAS had -$17,638K decrease in cash & cash equivalents over the period. $530,574K in free cash flow.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Net income | 502,496 | 495,343 | 491,140 | 448,256 |
| Depreciation | 80,149 | 79,296 | 77,589 | 77,663 |
| Amortization of intangible assets and capitalized contract costs | 48,521 | 48,205 | 48,348 | 44,226 |
| Stock-based compensation | 34,249 | 32,353 | 30,348 | 30,743 |
| Gain on sale of property and equipment | 0 | 0 | - | 0 |
| Deferred income taxes | -12,295 | -12,149 | -13,496 | -1,479 |
| Accounts receivable, net | 56,459 | 64,704 | 3,635 | 15,380 |
| Inventories, net | 2,694 | -1,679 | 2,398 | 25,894 |
| Uniforms and other rental items in service | 25,060 | 42,041 | 34,760 | 33,144 |
| Prepaid expenses and other current assets and capitalized contract costs | 34,489 | 41,320 | 62,382 | 34,778 |
| Accounts payable | -23,573 | 41,861 | -22,501 | 71,174 |
| Accrued compensation and related liabilities | 41,773 | 32,929 | -94,275 | 22,331 |
| Accrued liabilities and other | 37,476 | 10,686 | -101,114 | 44,780 |
| Income taxes, current | 6,788 | -75,213 | 74,625 | 4,293 |
| Net cash provided by operating activities | 621,472 | 531,223 | 414,481 | 635,749 |
| Capital expenditures | 90,898 | 106,252 | 101,957 | 114,624 |
| Purchases of investments | 1,765 | -32 | 6,538 | 132 |
| Proceeds from sale of property and equipment | 0 | 0 | - | 0 |
| Acquisitions of businesses, net of cash acquired | 9,449 | 85,634 | 7,602 | 34,091 |
| Other, net | -1,042 | 1,000 | 130 | 419 |
| Net cash used in investing activities | -101,070 | -192,854 | -116,227 | -149,266 |
| Issuance of commercial paper, net | -321,260 | 550,750 | 0 | -181,000 |
| Proceeds from issuance of debt | - | - | - | 398,088 |
| Debt issuance costs | - | - | - | 1,165 |
| Repayment of debt | - | - | - | 450,000 |
| Proceeds from exercise of stock-based compensation awards | 60 | 427 | 2,669 | 197 |
| Dividends paid | 180,741 | 182,343 | 157,766 | 157,924 |
| Repurchase of common stock | 31,560 | 635,570 | 266,097 | 256,671 |
| Other, net | -6,460 | -8,275 | -2,807 | -955 |
| Net cash used in financing activities | -539,961 | -275,011 | -424,001 | -468,430 |
| Effect of exchange rate changes on cash and cash equivalents | 1,921 | -659 | -83 | 2,492 |
| Net decrease in cash and cash equivalents | -17,638 | 62,699 | -125,830 | 20,545 |
| Cash and cash equivalents at beginning of period | 200,842 | 138,143 | 263,973 | 243,428 |
| Cash and cash equivalents at end of period | 183,204 | 200,842 | 138,143 | 263,973 |
CINTAS CORP (CTAS)
CINTAS CORP (CTAS)