XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Cash flows from operating activities:    
Net income $ 219,023 $ 176,213
Adjustments to reconcile net income to net cash provided by 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