EX-12 4 l95653aexv12.txt EX-12 COMPUTATION OF RATIO OF EARNINGS Exhibit 12 CINTAS CORPORATION EXHIBIT 12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
YEAR ENDED MAY 31, 2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- Pretax income $371,585 $356,454 $311,759 $223,994 $196,856 Fixed charges: Interest expense 10,952 15,119 15,907 16,442 15,824 Capitalized interest (640) (1,530) (1,212) (2,413) (1,797) One-third of lease payments 5,650 5,688 5,650 4,493 3,797 ------------- ------------- ------------- -------------- -------------- EARNINGS $387,547 $375,731 $332,104 $242,516 $214,680 ============= ============= ============= ============== ============== Fixed charges: Interest expense $10,952 $15,119 $15,907 $16,442 $15,824 Capitalized interest 640 1,530 1,212 2,413 1,797 One-third of lease payments 5,650 5,688 5,650 4,493 3,797 ------------- ------------- ------------- -------------- -------------- FIXED CHARGES $17,242 $22,337 $22,769 $23,348 $21,418 ============= ============= ============= ============== ============== Ratio of Earnings to Fixed Charges 22.5 16.8 14.6 10.4 10.0 ============= ============= ============= ============== ============== Earnings in Excess of Fixed Charges $370,305 $353,394 $309,335 $219,168 $193,262 ============= ============= ============= ============== ==============