XML 15 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Guarantor Information (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Feb. 29, 2012
Feb. 28, 2011
Cash flows from operating activities:        
Net income $ 76,035 $ 59,070 $ 219,023 $ 176,213
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation     115,566 112,126
Amortization of deferred charges     29,520 32,166
Stock-based compensation     15,023 9,813
Deferred income taxes     (995) 22,524
Change in current assets and liabilities, net of acquisitions of businesses:        
Accounts receivable, net     (11,760) (32,844)
Inventories, net     (26,958) (61,620)
Uniforms and other rental items in service     (40,435) (38,433)
Prepaid expenses and other     (5,977) (2,418)
Accounts payable     6,372 26,974
Accrued compensation and related liabilities     3,251 241
Accrued liabilities     9,327 (40,663)
Income taxes payable     (4,243) 3,876
Net cash provided by operating activities     307,714 207,955
Cash flows from investing activities:        
Capital expenditures     (117,716) (142,298)
Proceeds from redemption of marketable securities     519,955 137,879
Purchase of marketable securities and investments     (576,404) (23,174)
Acquisitions of businesses, net of cash acquired     (20,882) (158,517)
Other, net     1,853 (2,845)
Net cash used in investing activities     (193,194) (188,955)
Cash flows from financing activities:        
Proceeds from issuance of debt       304,781
Repayment of debt     (1,216) (282,755)
Exercise of stock-based compensation awards     356  
Dividends paid     (70,820) (71,812)
Repurchase of common stock     (262,682) (203,214)
Other, net     1,390 930
Net cash used in financing activities     (332,972) (252,070)
Effect of exchange rate changes on cash and cash equivalents     (1,671) 6,520
Net decrease in cash and cash equivalents     (220,123) (226,550)
Cash and cash equivalents at beginning of period     438,106 411,281
Cash and cash equivalents at end of period 217,983 184,731 217,983 184,731
Cintas Corporation
       
Cash flows from operating activities:        
Net income 76,035 59,070 219,023 176,213
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Stock-based compensation     15,023 9,813
Change in current assets and liabilities, net of acquisitions of businesses:        
Net cash provided by operating activities     234,046 186,026
Cash flows from investing activities:        
Other, net     98,271 89,738
Net cash used in investing activities     98,271 89,738
Cash flows from financing activities:        
Exercise of stock-based compensation awards     356  
Dividends paid     (70,800) (71,801)
Repurchase of common stock     (262,682) (203,214)
Other, net     809 (749)
Net cash used in financing activities     (332,317) (275,764)
Corp. 2
       
Cash flows from operating activities:        
Net income 9,957 14,838 72,968 44,552
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation     70,252 69,852
Amortization of deferred charges     25,474 28,627
Change in current assets and liabilities, net of acquisitions of businesses:        
Accounts receivable, net     (6,542) (25,663)
Inventories, net     (29,357) (47,047)
Uniforms and other rental items in service     (25,877) (31,532)
Prepaid expenses and other     (1,698) 380
Accounts payable     (61,326) 106,371
Accrued compensation and related liabilities     3,185 5,310
Accrued liabilities     (11,899) (17,146)
Income taxes payable     9,603 13,019
Net cash provided by operating activities     44,783 146,723
Cash flows from investing activities:        
Capital expenditures     (80,939) (65,579)
Purchase of marketable securities and investments     (2,552) (17,645)
Acquisitions of businesses, net of cash acquired     (15,632) (126,371)
Other, net     49,778 55,099
Net cash used in investing activities     (49,345) (154,496)
Cash flows from financing activities:        
Proceeds from issuance of debt       303,000
Repayment of debt     (736) (282,160)
Other, net     1,131 575
Net cash used in financing activities     395 21,415
Effect of exchange rate changes on cash and cash equivalents     (73) 324
Net decrease in cash and cash equivalents     (4,240) 13,966
Cash and cash equivalents at beginning of period     54,957 34,905
Cash and cash equivalents at end of period 50,717 48,871 50,717 48,871
Subsidiary Guarantors
       
Cash flows from operating activities:        
Net income 57,607 38,596 135,155 130,808
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation     35,841 33,635
Amortization of deferred charges     308 440
Deferred income taxes     (710) 21,765
Change in current assets and liabilities, net of acquisitions of businesses:        
Accounts receivable, net     (3,844) (2,628)
Inventories, net     4,975 (7,932)
Uniforms and other rental items in service     (13,403) (7,456)
Prepaid expenses and other     (5,316) (1,645)
Accounts payable     45,955 (103,373)
Accrued compensation and related liabilities     (698) (5,397)
Accrued liabilities     29,797 (27,601)
Income taxes payable     (16,827) (162)
Net cash provided by operating activities     211,233 30,454
Cash flows from investing activities:        
Capital expenditures     (24,837) (67,560)
Proceeds from redemption of marketable securities       23,106
Purchase of marketable securities and investments     (35,293) (49,287)
Acquisitions of businesses, net of cash acquired     (65)  
Other, net     (334,530) (272,758)
Net cash used in investing activities     (394,725) (366,499)
Cash flows from financing activities:        
Proceeds from issuance of debt       1,781
Repayment of debt     324 225
Net cash used in financing activities     324 2,006
Effect of exchange rate changes on cash and cash equivalents     (2)  
Net decrease in cash and cash equivalents     (183,170) (334,039)
Cash and cash equivalents at beginning of period     313,283 339,702
Cash and cash equivalents at end of period 130,113 5,663 130,113 5,663
Non-Guarantors
       
Cash flows from operating activities:        
Net income 2,766 1,240 7,827 102,866
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation     9,473 8,639
Amortization of deferred charges     3,738 3,099
Deferred income taxes     (285) 759
Change in current assets and liabilities, net of acquisitions of businesses:        
Accounts receivable, net     (1,374) (4,553)
Inventories, net     399 (1,980)
Uniforms and other rental items in service     (1,057) (6,094)
Prepaid expenses and other     1,037 (1,153)
Accounts payable     21,743 23,980
Accrued compensation and related liabilities     764 328
Accrued liabilities     (9,375) 3,264
Income taxes payable     2,981 (8,981)
Net cash provided by operating activities     35,871 120,174
Cash flows from investing activities:        
Capital expenditures     (11,940) (9,159)
Proceeds from redemption of marketable securities     519,955 114,773
Purchase of marketable securities and investments     (568,963) (7,882)
Acquisitions of businesses, net of cash acquired     (5,185) (32,146)
Other, net     (285) (99,526)
Net cash used in investing activities     (66,418) (33,940)
Cash flows from financing activities:        
Dividends paid     (20) (11)
Other, net     (550) 1,104
Net cash used in financing activities     (570) 1,093
Effect of exchange rate changes on cash and cash equivalents     (1,596) 6,196
Net decrease in cash and cash equivalents     (32,713) 93,523
Cash and cash equivalents at beginning of period     69,866 36,674
Cash and cash equivalents at end of period 37,153 130,197 37,153 130,197
Eliminations
       
Cash flows from operating activities:        
Net income (70,330) (54,674) (215,950) (278,226)
Change in current assets and liabilities, net of acquisitions of businesses:        
Inventories, net     (2,975) (4,661)
Uniforms and other rental items in service     (98) 6,649
Accounts payable       (4)
Accrued liabilities     804 820
Net cash provided by operating activities     (218,219) (275,422)
Cash flows from investing activities:        
Purchase of marketable securities and investments     30,404 51,640
Other, net     188,619 224,602
Net cash used in investing activities     219,023 276,242
Cash flows from financing activities:        
Repayment of debt     (804) (820)
Net cash used in financing activities     $ (804) $ (820)