XML 117 R103.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
May 31, 2017
May 31, 2016
May 31, 2015
May 31, 2014
Current assets:        
Cash and cash equivalents $ 169,266 $ 139,357 $ 417,073 $ 513,288
Marketable securities 22,219 70,405    
Accounts receivable, net 736,008 546,488    
Inventories, net 278,218 249,362    
Uniforms and other rental items in service 635,702 538,286    
Income taxes, current 44,320 1,712    
Prepaid expenses and other current assets 30,132 25,948    
Assets held for sale 38,613 19,021    
Total current assets 1,954,478 1,590,579    
Property and equipment, at cost, net 1,323,501 993,692    
Goodwill 2,782,335 1,276,076 1,180,094  
Service contracts, net 586,988 78,194    
Other assets, net 31,967 14,283    
Long-term assets held for sale 0 21,039    
Total assets 6,844,057 4,098,815 4,185,674  
Current liabilities:        
Accounts payable 177,051 110,940    
Accrued compensation and related liabilities 149,635 101,391    
Accrued liabilities 429,809 343,266    
Liabilities held for sale 11,457 9,958    
Debt due within one year 362,900 250,000    
Total current liabilities 1,130,852 815,555    
Long-term liabilities:        
Debt due after one year 2,770,624 1,044,422    
Deferred income taxes 469,328 259,475    
Accrued liabilities 170,460 136,704    
Total long-term liabilities 3,410,412 1,440,601    
Total shareholders' equity 2,302,793 1,842,659 1,932,455 2,192,858
Total liabilities and shareholders' equity 6,844,057 4,098,815    
Investments 164,788 [1] 124,952 [2]    
Eliminations        
Current assets:        
Cash and cash equivalents 0 0 0 0
Marketable securities 0 0    
Accounts receivable, net 0 0    
Inventories, net (1,386) (3,845)    
Uniforms and other rental items in service (18,993) (19,722)    
Income taxes, current 0 0    
Prepaid expenses and other current assets 0 0    
Assets held for sale 0 0    
Total current assets (20,379) (23,567)    
Property and equipment, at cost, net 0 0    
Goodwill (112) (112)    
Service contracts, net 0 0    
Other assets, net (5,000,837) (4,414,772)    
Long-term assets held for sale   0    
Total assets (11,423,807) (8,248,053)    
Current liabilities:        
Accounts payable 38,108 38,005    
Accrued compensation and related liabilities 0 0    
Accrued liabilities 0 0    
Liabilities held for sale 0 0    
Debt due within one year 0 0    
Total current liabilities 38,108 38,005    
Long-term liabilities:        
Debt due after one year 0 0    
Deferred income taxes 0 0    
Accrued liabilities 0 0    
Total long-term liabilities 0 0    
Total shareholders' equity (11,461,915) (8,286,058)    
Total liabilities and shareholders' equity (11,423,807) (8,248,053)    
Investments (6,402,479) [1] (3,809,602) [2]    
Cintas Corporation | Reportable Legal Entities        
Current assets:        
Cash and cash equivalents 0 0 0 0
Marketable securities 0 0    
Accounts receivable, net 0 0    
Inventories, net 0 0    
Uniforms and other rental items in service 0 0    
Income taxes, current 0 0    
Prepaid expenses and other current assets 0 0    
Assets held for sale 0 0    
Total current assets 0 0    
Property and equipment, at cost, net 0 0    
Goodwill 0 0    
Service contracts, net 0 0    
Other assets, net 1,516,463 1,081,203    
Long-term assets held for sale   0    
Total assets 1,837,546 1,402,286    
Current liabilities:        
Accounts payable (465,247) (465,247)    
Accrued compensation and related liabilities 0 0    
Accrued liabilities 0 0    
Liabilities held for sale 0 0    
Debt due within one year 0 0    
Total current liabilities (465,247) (465,247)    
Long-term liabilities:        
Debt due after one year 0 0    
Deferred income taxes 0 0    
Accrued liabilities 0 0    
Total long-term liabilities 0 0    
Total shareholders' equity 2,302,793 1,867,533    
Total liabilities and shareholders' equity 1,837,546 1,402,286    
Investments 321,083 [1] 321,083 [2]    
Corp. 2        
Long-term liabilities:        
Investments 29,000 15,500    
Corp. 2 | Reportable Legal Entities        
Current assets:        
Cash and cash equivalents 48,658 57,894 74,632 73,743
Marketable securities 0 0    
Accounts receivable, net 543,769 413,645    
Inventories, net 243,677 222,822    
Uniforms and other rental items in service 531,295 448,395    
Income taxes, current 16,173 (151)    
Prepaid expenses and other current assets 13,234 6,708    
Assets held for sale 23,095 19,021    
Total current assets 1,419,901 1,168,334    
Property and equipment, at cost, net 851,018 614,111    
Goodwill 0 0    
Service contracts, net 505,698 75,941    
Other assets, net 14,705 0    
Long-term assets held for sale   5,521    
Total assets 6,396,779 3,634,210    
Current liabilities:        
Accounts payable (1,596,731) (1,775,092)    
Accrued compensation and related liabilities 94,505 72,959    
Accrued liabilities 191,819 78,471    
Liabilities held for sale 11,457 9,958    
Debt due within one year 362,900 250,000    
Total current liabilities (936,050) (1,363,704)    
Long-term liabilities:        
Debt due after one year 2,770,234 1,044,032    
Deferred income taxes 0 (427)    
Accrued liabilities 28,384 19,628    
Total long-term liabilities 2,798,618 1,063,233    
Total shareholders' equity 4,534,211 3,934,681    
Total liabilities and shareholders' equity 6,396,779 3,634,210    
Investments 3,605,457 [1] 1,770,303 [2]    
Subsidiary Guarantors        
Long-term liabilities:        
Investments 135,800 109,500    
Subsidiary Guarantors | Reportable Legal Entities        
Current assets:        
Cash and cash equivalents 17,302 55,391 248,716 399,322
Marketable securities 0 0    
Accounts receivable, net 137,881 97,516    
Inventories, net 21,466 19,150    
Uniforms and other rental items in service 78,012 73,001    
Income taxes, current 25,138 1,215    
Prepaid expenses and other current assets 16,188 18,278    
Assets held for sale 15,518 0    
Total current assets 311,505 264,551    
Property and equipment, at cost, net 364,724 305,636    
Goodwill 2,742,898 1,241,145    
Service contracts, net 0 13    
Other assets, net 3,489,653 3,338,742    
Long-term assets held for sale   15,518    
Total assets 7,838,437 6,067,377    
Current liabilities:        
Accounts payable 2,292,388 2,296,493    
Accrued compensation and related liabilities 42,866 23,052    
Accrued liabilities 219,303 251,217    
Liabilities held for sale 0 0    
Debt due within one year 0 0    
Total current liabilities 2,554,557 2,570,762    
Long-term liabilities:        
Debt due after one year 0 0    
Deferred income taxes 436,613 252,149    
Accrued liabilities 140,923 116,091    
Total long-term liabilities 577,536 368,240    
Total shareholders' equity 4,706,344 3,128,375    
Total liabilities and shareholders' equity 7,838,437 6,067,377    
Investments 929,657 [1] 901,772 [2]    
Non- Guarantors | Reportable Legal Entities        
Current assets:        
Cash and cash equivalents 103,306 26,072 $ 93,725 $ 40,223
Marketable securities 22,219 70,405    
Accounts receivable, net 54,358 35,327    
Inventories, net 14,461 11,235    
Uniforms and other rental items in service 45,388 36,612    
Income taxes, current 3,009 648    
Prepaid expenses and other current assets 710 962    
Assets held for sale 0 0    
Total current assets 243,451 181,261    
Property and equipment, at cost, net 107,759 73,945    
Goodwill 39,549 35,043    
Service contracts, net 81,290 2,240    
Other assets, net 11,983 9,110    
Long-term assets held for sale   0    
Total assets 2,195,102 1,242,995    
Current liabilities:        
Accounts payable (91,467) 16,781    
Accrued compensation and related liabilities 12,264 5,380    
Accrued liabilities 18,687 13,578    
Liabilities held for sale 0 0    
Debt due within one year 0 0    
Total current liabilities (60,516) 35,739    
Long-term liabilities:        
Debt due after one year 390 390    
Deferred income taxes 32,715 7,753    
Accrued liabilities 1,153 985    
Total long-term liabilities 34,258 9,128    
Total shareholders' equity 2,221,360 1,198,128    
Total liabilities and shareholders' equity 2,195,102 1,242,995    
Investments $ 1,711,070 [1] $ 941,396 [2]    
[1] Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $29.0 million and $135.8 million, respectively, of the $164.8 million consolidated net investments.
[2] Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $15.5 million and $109.5 million, respectively, of the $125.0 million consolidated net investments.