Exhibit 12
CINTAS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in Thousands)
|
| Year Ended May 31, |
| Nine Months Ended February |
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|
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2011 |
| 2010 |
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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 |
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Fixed charges |
| 63,476 |
| 65,127 |
| 65,578 |
| 61,903 |
| 42,211 |
| 47,238 |
| 45,335 |
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Earnings |
| $ | 409,550 |
| $ | 428,979 |
| $ | 597,372 |
| $ | 595,946 |
| $ | 560,614 |
| $ | 324,718 |
| $ | 301,517 |
|
|
| Year Ended May 31, |
| Nine Months Ended February |
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|
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2011 |
| 2010 |
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Fixed charges: |
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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 |
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Capitalized interest |
| 2,182 |
| 2,259 |
| 1,090 |
| 490 |
| 384 |
| 1,717 |
| 1,988 |
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|
| $ | 63,476 |
| $ | 65,127 |
| $ | 65,578 |
| $ | 61,903 |
| $ | 42,211 |
| $ | 47,238 |
| $ | 45,335 |
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Ratio of earnings to fixed charges |
| 6.5 |
| 6.6 |
| 9.1 |
| 9.6 |
| 13.3 |
| 6.9 |
| 6.7 |
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