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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2021
May 31, 2021
Current assets:    
Cash and cash equivalents $ 79,749 $ 493,640
Accounts receivable, net 927,360 901,710
Inventories, net 463,692 481,797
Uniforms and other rental items in service 846,656 810,104
Income taxes, current 11,249 22,282
Prepaid expenses and other current assets 148,960 133,776
Total current assets 2,477,666 2,843,309
Property and equipment, net 1,301,233 1,318,438
Investments 295,268 274,616
Goodwill 2,924,993 2,913,069
Service contracts, net 403,982 408,445
Operating lease right-of-use assets, net 159,289 168,532
Other assets, net 295,319 310,414
Total assets 7,857,750 8,236,823
Current liabilities:    
Accounts payable 202,968 230,786
Accrued compensation and related liabilities 155,212 241,469
Accrued liabilities 592,384 518,910
Operating lease liabilities, current 43,308 43,850
Debt due within one year 1,275,167 899,070
Total current liabilities 2,269,039 1,934,085
Long-term liabilities:    
Debt due after one year 1,343,222 1,642,833
Deferred income taxes 395,599 386,647
Operating lease liabilities 122,291 130,774
Accrued liabilities 418,396 454,637
Total long-term liabilities 2,279,508 2,614,891
Shareholders’ equity:    
Preferred stock, no par value: 100,000 shares authorized, none outstanding 0 0
Common stock, no par value, and paid-in capital: 425,000,000 shares authorized, FY 2022: 190,127,513 shares issued and 103,329,218 shares outstanding; FY 2021: 189,071,185 shares issued and 104,061,391 shares outstanding 1,625,594 1,516,202
Retained earnings 8,109,368 7,877,015
Treasury stock: FY 2022: 86,798,295 shares, FY 2021: 85,009,794 (6,395,493) (5,736,258)
Accumulated other comprehensive (loss) income (30,266) 30,888
Total shareholders’ equity 3,309,203 3,687,847
Total liabilities and shareholders' equity $ 7,857,750 $ 8,236,823