EX-12 5 a12-16495_1ex12.htm EX-12

Exhibit 12

 

CINTAS CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in Thousands)

 

 

 

Year Ended May 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

Net income before income taxes

 

$

470,944

 

$

392,669

 

$

343,892

 

$

361,593

 

$

530,704

 

Capitalized interest

 

1,298

 

2,150

 

2,182

 

2,259

 

1,090

 

Fixed charges

 

88,010

 

66,935

 

63,476

 

65,127

 

65,578

 

Earnings

 

$

560,252

 

$

461,754

 

$

409,550

 

$

428,979

 

$

597,372

 

 

 

 

Year Ended May 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest component of rent expense

 

$

16,087

 

$

15,081

 

$

12,682

 

$

12,632

 

$

11,665

 

Interest expense

 

70,625

 

49,704

 

48,612

 

50,236

 

52,823

 

Capitalized interest

 

1,298

 

2,150

 

2,182

 

2,259

 

1,090

 

 

 

$

88,010

 

$

66,935

 

$

63,476

 

$

65,127

 

$

65,578

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

6.4

 

6.9

 

6.5

 

6.6

 

9.1