XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Cash flows from operating activities:    
Amortization of interest rate locks, net of tax $ 491,140 $ 452,033
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 77,589 73,838
Amortization of intangible assets and capitalized contract costs 48,348 46,554
Stock-based compensation 30,348 33,367
Deferred income taxes 13,496 1,887
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (3,635) (49,129)
Inventories, net (2,398) 11,318
Uniforms and other rental items in service (34,760) (20,144)
Prepaid expenses and other current assets and capitalized contract costs (62,382) (80,282)
Accounts payable (22,501) 56,698
Accrued compensation and related liabilities (94,275) (86,965)
Accrued liabilities and other (101,114) (44,268)
Income taxes, current 74,625 65,450
Net cash provided by operating activities 414,481 460,357
Cash flows from investing activities:    
Capital expenditures (101,957) (92,921)
Purchases of investments (6,538) (7,124)
Acquisitions of businesses, net of cash acquired (7,602) (9,436)
Other, net (130) 1
Net cash used in investing activities (116,227) (109,480)
Cash flows from financing activities:    
Issuance of commercial paper, net 0 166,000
Proceeds from exercise of stock-based compensation awards 2,669 231
Dividends paid (157,766) (138,237)
Repurchase of common stock (266,097) (614,802)
Other, net (2,807) (4,461)
Net cash used in financing activities (424,001) (591,269)
Effect of exchange rate changes on cash and cash equivalents (83) (250)
Net decrease in cash and cash equivalents (125,830) (240,642)
Cash and cash equivalents at beginning of period 263,973 342,015
Cash and cash equivalents at end of period $ 138,143 $ 101,373