Exhibit 12
CINTAS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in Thousands)
|
| Year Ended May 31, |
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|
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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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 |
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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, |
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|
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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Fixed charges: |
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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 |
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Capitalized interest |
| 1,298 |
| 2,150 |
| 2,182 |
| 2,259 |
| 1,090 |
| |||||
|
| $ | 88,010 |
| $ | 66,935 |
| $ | 63,476 |
| $ | 65,127 |
| $ | 65,578 |
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Ratio of earnings to fixed charges |
| 6.4 |
| 6.9 |
| 6.5 |
| 6.6 |
| 9.1 |
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