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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2022
May 31, 2021
Current assets:    
Cash and cash equivalents $ 84,136 $ 493,640
Accounts receivable, net 1,004,632 901,710
Inventories, net 486,750 481,797
Uniforms and other rental items in service 881,734 810,104
Income taxes, current 66,047 22,282
Prepaid expenses and other current assets 163,442 133,776
Total current assets 2,686,741 2,843,309
Property and equipment, net 1,312,176 1,318,438
Investments 259,930 274,616
Goodwill 3,032,738 2,913,069
Service contracts, net 402,366 408,445
Operating lease right-of-use assets, net 167,995 168,532
Other assets, net 306,654 310,414
Total assets 8,168,600 8,236,823
Current liabilities:    
Accounts payable 235,051 230,786
Accrued compensation and related liabilities 212,481 241,469
Accrued liabilities 622,797 518,910
Operating lease liabilities, current 44,105 43,850
Debt due within one year 1,509,056 899,070
Total current liabilities 2,623,490 1,934,085
Long-term liabilities:    
Debt due after one year 1,343,513 1,642,833
Deferred income taxes 430,695 386,647
Operating lease liabilities 131,224 130,774
Accrued liabilities 345,778 454,637
Total long-term liabilities 2,251,210 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: 190,693,424 shares issued and 102,415,971 shares outstanding; FY 2021: 189,071,185 shares issued and 104,061,391 shares outstanding 1,729,525 1,516,202
Retained earnings 8,522,327 7,877,015
Treasury stock: FY 2022: 88,277,453 shares, FY 2021: 85,009,794 (6,970,099) (5,736,258)
Accumulated other comprehensive income 12,147 30,888
Total shareholders’ equity 3,293,900 3,687,847
Total liabilities and shareholders' equity $ 8,168,600 $ 8,236,823