EX-12 4 a11-12472_1ex12.htm EX-12

Exhibit 12

 

CINTAS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in Thousands)

 

 

 

Year Ended May 31,

 

Nine Months Ended February
28,

 

 

 

2010

 

2009

 

2008

 

2007

 

2006

 

2011

 

2010

 

Net income before income taxes

 

$

343,892

 

$

361,593

 

$

530,704

 

$

533,553

 

$

518,019

 

$

275,763

 

$

254,194

 

Capitalized interest

 

2,182

 

2,259

 

1,090

 

490

 

384

 

1,717

 

1,988

 

Fixed charges

 

63,476

 

65,127

 

65,578

 

61,903

 

42,211

 

47,238

 

45,335

 

Earnings

 

$

409,550

 

$

428,979

 

$

597,372

 

$

595,946

 

$

560,614

 

$

324,718

 

$

301,517

 

 

 

 

Year Ended May 31,

 

Nine Months Ended February
28,

 

 

 

2010

 

2009

 

2008

 

2007

 

2006

 

2011

 

2010

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest component of rent expense

 

$

12,682

 

$

12,632

 

$

11,665

 

$

11,089

 

$

10,045

 

$

8,566

 

$

7,155

 

Interest expense

 

48,612

 

50,236

 

52,823

 

50,324

 

31,782

 

36,955

 

36,192

 

Capitalized interest

 

2,182

 

2,259

 

1,090

 

490

 

384

 

1,717

 

1,988

 

 

 

$

63,476

 

$

65,127

 

$

65,578

 

$

61,903

 

$

42,211

 

$

47,238

 

$

45,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

6.5

 

6.6

 

9.1

 

9.6

 

13.3

 

6.9

 

6.7