XML 25 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Guarantor Information (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Cash flows from operating activities:    
Net income $ 76,733 $ 68,638
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 40,342 38,277
Amortization of intangible assets 6,100 10,233
Stock-based compensation 5,448 4,522
Deferred income taxes 9,716 (7,808)
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (7,128) (10,142)
Inventories, net 9,889 (30,770)
Uniforms and other rental items in service (8,672) (11,124)
Prepaid expenses (5,392) (5,983)
Accounts payable 16,278 (9,329)
Accrued compensation and related liabilities (50,793) (27,611)
Accrued liabilities (27,400) (10,201)
Income taxes, current 29,744 47,860
Net cash provided by (used in) operating activities 94,865 56,562
Cash flows from investing activities:    
Capital expenditures (47,438) (44,421)
Proceeds from redemption of marketable securities 24,720 63,561
Purchase of marketable securities and investments (36,970) (107,145)
Acquisitions of businesses, net of cash acquired (2,130) (870)
Other 577 6,539
Net cash provided by (used in) investing activities (61,241) (82,336)
Cash flows from financing activities:    
Proceeds from issuance of debt 250,000  
Repayment of debt (225,154) (444)
Exercise of stock-based compensation awards 1,119 0
Dividends paid   0
Repurchase of common stock (77,953) (262,639)
Other (3,491) 926
Net cash (used in) provided by financing activities (55,479) (262,157)
Effect of exchange rate changes on cash and cash equivalents 1,247 137
Net increase (decrease) in cash and cash equivalents (20,608) (287,794)
Cash and cash equivalents at beginning of period 339,825 438,106
Cash and cash equivalents at end of period 319,217 150,312
Cintas Corporation [Member]
   
Cash flows from operating activities:    
Net income 76,733 68,638
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 0 0
Amortization of intangible assets 0 0
Stock-based compensation 5,448 4,522
Deferred income taxes 0 0
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net 0 0
Inventories, net 0 0
Uniforms and other rental items in service 0 0
Prepaid expenses 0 0
Accounts payable 0 0
Accrued compensation and related liabilities 0 0
Accrued liabilities 0 0
Income taxes, current 0 0
Net cash provided by (used in) operating activities 82,181 73,160
Cash flows from investing activities:    
Capital expenditures 0 0
Proceeds from redemption of marketable securities 0 0
Purchase of marketable securities and investments 0 0
Acquisitions of businesses, net of cash acquired 0 0
Other (7,928) 188,930
Net cash provided by (used in) investing activities (7,928) 188,930
Cash flows from financing activities:    
Proceeds from issuance of debt 0  
Repayment of debt 0 0
Exercise of stock-based compensation awards 1,119 0
Dividends paid   0
Repurchase of common stock (77,953) (262,639)
Other 2,581 549
Net cash (used in) provided by financing activities (74,253) (262,090)
Effect of exchange rate changes on cash and cash equivalents 0 0
Net increase (decrease) in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 0 0
Corp. 2 [Member]
   
Cash flows from operating activities:    
Net income 23,592 31,893
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 23,845 23,365
Amortization of intangible assets 5,127 8,789
Stock-based compensation 0 0
Deferred income taxes 0 (2)
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (9,426) (5,811)
Inventories, net 7,594 (29,331)
Uniforms and other rental items in service (4,140) (10,416)
Prepaid expenses 201 264
Accounts payable (34,149) (25,392)
Accrued compensation and related liabilities (35,526) (18,198)
Accrued liabilities (20,442) (11,479)
Income taxes, current 5,845 5,400
Net cash provided by (used in) operating activities (37,479) (30,918)
Cash flows from investing activities:    
Capital expenditures (26,987) (22,735)
Proceeds from redemption of marketable securities 0 0
Purchase of marketable securities and investments 529 (649)
Acquisitions of businesses, net of cash acquired (1,343) (870)
Other 57,262 53,667
Net cash provided by (used in) investing activities 29,461 29,413
Cash flows from financing activities:    
Proceeds from issuance of debt 250,000  
Repayment of debt (225,384) (359)
Exercise of stock-based compensation awards 0 0
Dividends paid   0
Repurchase of common stock 0 0
Other (5,453) 377
Net cash (used in) provided by financing activities 19,163 18
Effect of exchange rate changes on cash and cash equivalents 0 (4)
Net increase (decrease) in cash and cash equivalents 11,145 (1,491)
Cash and cash equivalents at beginning of period 58,737 54,957
Cash and cash equivalents at end of period 69,882 53,466
Subsidiary Guarantors [Member]
   
Cash flows from operating activities:    
Net income 50,272 38,708
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 13,280 11,711
Amortization of intangible assets 75 103
Stock-based compensation 0 0
Deferred income taxes 9,764 (7,901)
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (880) (2,555)
Inventories, net 261 (4,800)
Uniforms and other rental items in service (3,864) (3,874)
Prepaid expenses (5,478) (6,316)
Accounts payable 53,816 11,474
Accrued compensation and related liabilities (12,735) (8,170)
Accrued liabilities (4,977) 3,132
Income taxes, current 24,635 40,452
Net cash provided by (used in) operating activities 124,169 71,964
Cash flows from investing activities:    
Capital expenditures (15,169) (18,184)
Proceeds from redemption of marketable securities 0 0
Purchase of marketable securities and investments (1,244) (7,743)
Acquisitions of businesses, net of cash acquired 0 0
Other (126,388) (300,031)
Net cash provided by (used in) investing activities (142,801) (325,958)
Cash flows from financing activities:    
Proceeds from issuance of debt (477)  
Repayment of debt 1,016 719
Exercise of stock-based compensation awards 0 0
Dividends paid   0
Repurchase of common stock 0 0
Other 0 0
Net cash (used in) provided by financing activities 539 719
Effect of exchange rate changes on cash and cash equivalents 0 0
Net increase (decrease) in cash and cash equivalents (18,093) (253,275)
Cash and cash equivalents at beginning of period 229,287 313,283
Cash and cash equivalents at end of period 211,194 60,008
Non-Guarantors [Member]
   
Cash flows from operating activities:    
Net income 3,532 4,872
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 3,217 3,201
Amortization of intangible assets 898 1,341
Stock-based compensation 0 0
Deferred income taxes (48) 95
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net 3,178 (1,776)
Inventories, net 271 (164)
Uniforms and other rental items in service 545 (143)
Prepaid expenses (115) 69
Accounts payable (3,389) 4,589
Accrued compensation and related liabilities (2,532) (1,243)
Accrued liabilities (2,767) (2,658)
Income taxes, current (736) 2,008
Net cash provided by (used in) operating activities 2,054 10,191
Cash flows from investing activities:    
Capital expenditures (5,282) (3,502)
Proceeds from redemption of marketable securities 24,720 63,561
Purchase of marketable securities and investments (35,445) (103,418)
Acquisitions of businesses, net of cash acquired (787) 0
Other (25) (1)
Net cash provided by (used in) investing activities (16,819) (43,360)
Cash flows from financing activities:    
Proceeds from issuance of debt 477  
Repayment of debt 0 0
Exercise of stock-based compensation awards 0 0
Dividends paid   0
Repurchase of common stock 0 0
Other (619) 0
Net cash (used in) provided by financing activities (142) 0
Effect of exchange rate changes on cash and cash equivalents 1,247 141
Net increase (decrease) in cash and cash equivalents (13,660) (33,028)
Cash and cash equivalents at beginning of period 51,801 69,866
Cash and cash equivalents at end of period 38,141 36,838
Eliminations [Member]
   
Cash flows from operating activities:    
Net income (77,396) (75,473)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 0 0
Amortization of intangible assets 0 0
Stock-based compensation 0 0
Deferred income taxes 0 0
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net 0 0
Inventories, net 1,763 3,525
Uniforms and other rental items in service (1,213) 3,309
Prepaid expenses 0 0
Accounts payable 0 0
Accrued compensation and related liabilities 0 0
Accrued liabilities 786 804
Income taxes, current 0 0
Net cash provided by (used in) operating activities (76,060) (67,835)
Cash flows from investing activities:    
Capital expenditures 0 0
Proceeds from redemption of marketable securities 0 0
Purchase of marketable securities and investments (810) 4,665
Acquisitions of businesses, net of cash acquired 0 0
Other 77,656 63,974
Net cash provided by (used in) investing activities 76,846 68,639
Cash flows from financing activities:    
Proceeds from issuance of debt 0  
Repayment of debt (786) (804)
Exercise of stock-based compensation awards 0 0
Dividends paid   0
Repurchase of common stock 0 0
Other 0 0
Net cash (used in) provided by financing activities (786) (804)
Effect of exchange rate changes on cash and cash equivalents 0 0
Net increase (decrease) in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period $ 0 $ 0