SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1 to
Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For Fiscal Year Ended Commission File
May 31, 1995 No. 0-11399
CINTAS CORPORATION
Incorporated under IRS Employer I.D.
The Laws of Washington No. 31-1188630
6800 Cintas Blvd.
P.O. Box 625737
Cincinnati, OH 45262-5737
(513) 459-1200
This Amendment is provided to correct the Consolidated
Statement of Cash Flows for the year ended May 31,
1995, pursuant to Item 14 of the Registrant's Annual
Form 10-K. Attached hereto as Exhibit A is the amended
Cash Flow Statement.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Amendment to
be signed on its behalf by the undersigned, duly authorized.
CINTAS CORPORATION
By: William C. Gale
William C. Gale
Vice President - Finance
Dated: September 6, 1995
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EXHIBIT A
Cintas Corporation
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended May 31
(In thousands)
1995 1994 1993
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Cash flows from operating activities:
Net income $62,743 $52,170 $44,873
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 26,179 24,271 23,149
Amortization of deferred charges 11,527 10,789 9,075
Provision for losses on accounts
receivable 1,165 998 1,448
Equity in earnings of affiliate (428) (347) (159)
Change in current assets and liabilities:
Accounts receivable (11,345) (8,053)(5,768)
Inventories (21,400) (19,777)(7,223)
Prepaid expenses (3) 503 (479)
Accounts payable (2,162) (1,842) 5,770
Accrued liabilities 6,628 4,850 4,879
Income taxes payable 184 684 (1,601)
Deferred income taxes 2,162 7,184 7,644
Net cash provided by operating activities 75,250 71,430 81,608
Cash flows from investing activities:
Proceeds from sale of property,
plant and equipment 2,333 1,326 274
Capital expenditures (58,879) (37,164)(29,699)
Change in other assets 1,126 (2,753) (5,325)
Proceeds from sale or redemption of
marketable securities 196,204 47,053 20,664
Purchase of marketable securities (182,668) (58,609)(47,286)
Acquisitions of businesses, net of
cash acquired (50,095) (11,796)(42,384)
Net cash used by investing activities (91,979)(61,943)(103,756)
Cash flows from financing activities:
Proceeds from issuance of long-term debt 52,208 63 38,384
Repayment of long-term debt (21,829) (8,410) (5,726)
Issuance of common stock 906 750 689
Tax benefit resulting from exercise of
employee stock options 190 320 755
Repurchase common stock (7,112) -- --
Dividends paid (9,398) (7,953) (6,519)
Net cash provided by (used in) financing
activities 14,965 (15,230) 27,583
Net (decrease) increase in cash and cash
equivalents (1,764) (5,743) 5,435
Cash and cash equivalents at beginning
of year 8,449 14,192 8,757
Cash and cash equivalents at end of year $6,685 $8,449 $14,192
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See accompanying notes.
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