Supplemental Guarantor Information

Cintas Corporation No. 2 (Corp. 2) is the indirectly, wholly-owned principal operating subsidiary of Cintas. Corp. 2 is the issuer of the $1,275.0 million of long-term senior notes, which are unconditionally guaranteed, jointly and severally, by Cintas Corporation and its wholly-owned, direct and indirect domestic subsidiaries.

As allowed by SEC rules, the following condensed consolidating financial statements are provided as an alternative to filing separate financial statements of the guarantors. Each of the subsidiaries presented in the following condensed consolidating financial statements has been fully consolidated in Cintas' consolidated financial statements. The following condensed consolidating financial statements should be read in conjunction with the consolidated financial statements of Cintas and notes thereto of which this note is an integral part.

Condensed consolidating financial statements for Cintas, Corp. 2, the subsidiary guarantors and non-guarantors are presented on the following pages:

Condensed Consolidating Income Statement



Year Ended May 31, 2012 (in thousands)	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	2,233,085		$	574,950		$	210,683		$	(106,457	)	$	2,912,261
Other services	—		1,488,163			28,660			117,791			(444,875		)	1,189,739
Equity in net income of affiliates	297,637		—			—			—			(297,637		)	—
	297,637		3,721,248			603,610			328,474			(848,969		)	4,102,000
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,386,320			362,803			145,293			(245,865		)	1,648,551
Cost of other services	—		955,148			(13,649		)	73,130			(299,788		)	714,841
Selling and administrative expenses	—		1,184,888			(69,882		)	(145,953		)	229,928			1,198,981
Operating income	297,637		194,892			324,338			256,004			(533,244		)	539,627

Interest income	—		(111,631		)	(589		)	(190,345		)	300,623			(1,942		)
Interest expense (income)	—		72,212			(1,543		)	(44		)	—			70,625

Income before income taxes	297,637		234,311			326,470			446,393			(833,867		)	470,944
Income taxes	—		68,752			95,793			8,814			(52		)	173,307

Net income	$	297,637	$	165,559		$	230,677		$	437,579		$	(833,815	)	$	297,637

Condensed Consolidating Income Statement



Year Ended May 31, 2011 (in thousands)	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	2,069,895		$	531,525		$	196,380		$	(105,552	)	$	2,692,248
Other services	—		1,395,119			340,063			109,634			(726,680		)	1,118,136
Equity in net income of affiliates	246,989		—			—			—			(246,989		)	—
	246,989		3,465,014			871,588			306,014			(1,079,221		)	3,810,384
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,305,908			330,442			132,463			(238,357		)	1,530,456
Cost of other services	—		876,359			316,650			67,997			(590,365		)	670,641
Selling and administrative expenses	—		1,065,037			17,270			92,839			(6,202		)	1,168,944
Operating income	246,989		217,710			207,226			12,715			(244,297		)	440,343

Interest income	—		(589		)	(697		)	(100,777		)	100,033			(2,030		)
Interest expense (income)	—		52,357			(2,687		)	34			—			49,704

Income before income taxes	246,989		165,942			210,610			113,458			(344,330		)	392,669
Income taxes	—		60,028			76,186			9,494			(28		)	145,680

Net income	$	246,989	$	105,914		$	134,424		$	103,964		$	(344,302	)	$	246,989

Condensed Consolidating Income Statement



Year Ended May 31, 2010 (in thousands)	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	1,970,303		$	518,254		$	180,847		$	(100,047	)	$	2,569,357
Other services	—		1,216,779			351,368			66,229			(656,394		)	977,982
Equity in net income of affiliates	215,620		—			—			—			(215,620		)	—
	215,620		3,187,082			869,622			247,076			(972,061		)	3,547,339
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,226,076			332,935			111,340			(220,775		)	1,449,576
Cost of other services	—		798,841			297,890			41,316			(538,101		)	599,946
Selling and administrative expenses	—		1,037,945			(20,140		)	67,669			885			1,086,359
Legal settlements, net of insurance proceeds	—		—			23,529			—			—			23,529
Restructuring credits	—		(1,080		)	(1,800		)	—			—			(2,880		)
Operating income	215,620		125,300			237,208			26,751			(214,070		)	390,809

Interest income	—		(268		)	(1,130		)	(297		)	—			(1,695		)
Interest expense (income)	—		51,486			(2,897		)	23			—			48,612

Income before income taxes	215,620		74,082			241,235			27,025			(214,070		)	343,892
Income taxes	—		27,936			91,239			9,123			(26		)	128,272

Net income	$	215,620	$	46,146		$	149,996		$	17,902		$	(214,044	)	$	215,620

Condensed Consolidating Balance Sheet



As of May 31, 2012 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors		Eliminations			Cintas Corporation Consolidated

Assets
Current assets:
Cash and cash equivalents	$	—		$	58,737		$	229,287		$	51,801	$	—		$	339,825
Accounts receivable, net	—			327,442			81,243			42,176		—			450,861
Inventories, net	—			210,283			20,258			10,781		9,883			251,205
Uniforms and other rental items in service	—			337,298			101,435			35,051		(20,999		)	452,785
Income taxes, current	—			5,296			3,642			13,250		—			22,188
Prepaid expenses and other	—			7,905			12,770			4,029		—			24,704
Total current assets	—			946,961			448,635			157,088		(11,116		)	1,541,568

Property and equipment, at cost, net	—			600,565			259,744			83,996		—			944,305
Goodwill	—			—			1,419,535			65,840		—			1,485,375
Service contracts, net	—			71,337			326			5,159		—			76,822
Other assets, net	1,637,225			1,628,516			2,467,198			759,439		(6,379,542		)	112,836
	$	1,637,225		$	3,247,379		$	4,595,438		$	1,071,522	$	(6,390,658	)	$	4,160,906

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(475,624	)	$	978,932		$	18,760	$	38,019		$	94,840
Accrued compensation and related liabilities	—			63,797			21,619			5,798		—			91,214
Accrued liabilities	—			67,651			176,220			13,557		(786		)	256,642
Deferred tax (asset) liability	—			(538		)	(87		)	3,184		—			2,559
Long-term debt due within one year	—			225,866			(230		)	—		—			225,636
Total current liabilities	(465,247		)	(118,848		)	1,176,454			41,299		37,233			670,891

Long-term liabilities:
Long-term debt due after one year	—			1,068,820			(11,288		)	848		786			1,059,166
Deferred income taxes	—			(6		)	199,404			5,183		—			204,581
Accrued liabilities	—			—			86,406			727		—			87,133
Total long-term liabilities	—			1,068,814			274,522			6,758		786			1,350,880
Total shareholders' equity	2,102,472			2,297,413			3,144,462			1,023,465		(6,428,677		)	2,139,135
	$	1,637,225		$	3,247,379		$	4,595,438		$	1,071,522	$	(6,390,658	)	$	4,160,906

Condensed Consolidating Balance Sheet



As of May 31, 2011 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Assets
Current assets:
Cash and cash equivalents	$	—		$	54,957		$	313,283		$	69,866		$	—		$	438,106
Marketable securities	—			—			—			87,220			—			87,220
Accounts receivable, net	—			312,033			76,484			40,614			—			429,131
Inventories, net	—			204,536			24,943			13,266			6,913			249,658
Uniforms and other rental items in service	—			302,897			82,148			34,895			(26,114		)	393,826
Income taxes, current	—			949			8,355			24,238			—			33,542
Deferred tax asset (liability)	—			566			47,905			(2,658		)	—			45,813
Prepaid expenses and other	—			5,738			13,732			4,011			—			23,481
Total current assets	—			881,676			566,850			271,452			(19,201		)	1,700,777

Property and equipment, at cost, net	—			587,701			274,086			84,431			—			946,218
Goodwill	—			—			1,416,926			70,956			—			1,487,882
Service contracts, net	—			94,379			663			7,270			—			102,312
Other assets, net	1,778,595			1,629,598			2,070,017			369,527			(5,732,986		)	114,751
	$	1,778,595		$	3,193,354		$	4,328,542		$	803,636		$	(5,752,187	)	$	4,351,940

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(329,430	)	$	855,739		$	11,198		$	38,019		$	110,279
Accrued compensation and related liabilities	—			55,138			20,153			4,543			—			79,834
Accrued liabilities	—			61,399			154,861			27,235			(804		)	242,691
Long-term debt due within one year	—			855			480			—			—			1,335
Total current liabilities	(465,247		)	(212,038		)	1,031,233			42,976			37,215			434,139

Long-term liabilities:
Long-term debt due after one year	—			1,294,674			(12,433		)	1,745			804			1,284,790
Deferred income taxes	—			(7		)	190,701			5,627			—			196,321
Accrued liabilities	—			—			133,427			614			—			134,041
Total long-term liabilities	—			1,294,667			311,695			7,986			804			1,615,152
Total shareholders' equity	2,243,842			2,110,725			2,985,614			752,674			(5,790,206		)	2,302,649
	$	1,778,595		$	3,193,354		$	4,328,542		$	803,636		$	(5,752,187	)	$	4,351,940

Condensed Consolidating Statement of Cash Flows



Year Ended May 31, 2012 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	297,637		$	165,559		$	230,677		$	437,579		$	(833,815	)	$	297,637
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	—			102,613			40,613			12,605			—			155,831
Amortization	—			33,114			393			4,827			—			38,334
Stock-based compensation	20,312			—			—			—			—			20,312
Deferred income taxes	—			—			56,411			316			—			56,727
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(15,280		)	(4,985		)	(3,996		)	—			(24,261		)
Inventories, net	—			(5,635		)	4,685			1,590			(2,970		)	(2,330		)
Uniforms and other rental items in service	—			(34,401		)	(19,286		)	(1,477		)	(5,115		)	(60,279		)
Prepaid expenses	—			(2,154		)	950			(292		)	—			(1,496		)
Accounts payable	—			(143,189		)	661,243			(530,611		)	—			(12,557		)
Accrued compensation and related liabilities	—			8,659			1,466			1,500			—			11,625
Accrued liabilities	—			16,929			(30,586		)	(6,732		)	18			(20,371		)
Income taxes, current	—			(4,357		)	4,712			10,335			—			10,690
Net cash provided by (used in) operating activities	317,949			121,858			946,293			(74,356		)	(841,882		)	469,862

Cash flows from investing activities:
Capital expenditures	—			(116,954		)	(26,270		)	(17,578		)	—			(160,802		)
Proceeds from sale or redemption of marketable securities	—			—			—			665,016			—			665,016
Purchase of marketable securities and investments	—			(2,740		)	(416,100		)	(579,654		)	412,839			(585,655		)
Acquisitions of businesses, net of cash acquired	—			(19,323		)	(65		)	(5,476		)	—			(24,864		)
Other	141,350			20,090			(588,518		)	28			429,061			2,011
Net cash provided by (used in) investing activities	141,350			(118,927		)	(1,030,953		)	62,336			841,900			(104,294		)

Cash flows from financing activities:
Proceeds from the issuances of debt	—			—			(786		)	—			786			—
Repayment of debt	—			(843		)	324			—			(804		)	(1,323		)
Exercise of stock-based compensation awards	3,341			—			—			—			—			3,341
Dividends paid	(70,800		)	—			—			(20		)	—			(70,820		)
Repurchase of common stock	(392,328		)	—			—			—			—			(392,328		)
Other	488			1,508			(574		)	(867		)	—			555
Net cash (used in) provided by financing activities	(459,299		)	665			(1,036		)	(887		)	(18		)	(460,575		)

Effect of exchange rate changes on cash and cash equivalents	—			184			1,700			(5,158		)	—			(3,274		)
Net increase (decrease) in cash and cash equivalents	—			3,780			(83,996		)	(18,065		)	—			(98,281		)
Cash and cash equivalents at beginning of period	—			54,957			313,283			69,866			—			438,106
Cash and cash equivalents at end of period	$	—		$	58,737		$	229,287		$	51,801		$	—		$	339,825

Condensed Consolidating Statement of Cash Flows



Year Ended May 31, 2011 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	246,989		$	105,914		$	134,424		$	103,964		$	(344,302	)	$	246,989
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	—			103,039			36,032			11,815			—			150,886
Amortization	—			37,615			543			4,423			—			42,581
Stock-based compensation	15,203			—			—			—			—			15,203
Deferred income taxes	—			(4,886		)	51,996			798			—			47,908
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(39,060		)	(2,079		)	(7,847		)	—			(48,986		)
Inventories, net	—			(59,223		)	(8,112		)	(2,957		)	(8,532		)	(78,824		)
Uniforms and other rental items in service	—			(45,149		)	(11,671		)	(7,179		)	5,819			(58,180		)
Prepaid expenses	—			223			2,085			(1,948		)	—			360
Accounts payable	—			(392,210		)	393,185			28,244			(4		)	29,215
Accrued compensation and related liabilities	—			12,957			(1,577		)	1,113			—			12,493
Accrued liabilities	—			(2,740		)	(6,318		)	6,875			16			(2,167		)
Income taxes, current	—			4,265			(8,858		)	(11,999		)	—			(16,592		)
Net cash provided by (used in) operating activities	262,192			(279,255		)	579,650			125,302			(347,003		)	340,886

Cash flows from investing activities:
Capital expenditures	—			(99,739		)	(68,274		)	(14,579		)	—			(182,592		)
Proceeds from redemption of marketable securities	—			—			23,206			115,850			—			139,056
Purchase of marketable securities and investments	—			(16,897		)	(55,438		)	(61,438		)	55,466			(78,307		)
Acquisitions of businesses, net of cash acquired	—			(133,378		)	(1,831		)	(36,343		)	—			(171,552		)
Other	253,387			54,296			(504,637		)	(99,797		)	291,553			(5,198		)
Net cash provided by (used in) investing activities	253,387			(195,718		)	(606,974		)	(96,307		)	347,019			(298,593		)

Cash flows from financing activities:
Proceeds from the issuance of debt	—			1,000,500			1,781			—			—			1,002,281
Repayment of debt	—			(501,316		)	(876		)	—			(16		)	(502,208		)
Dividends paid	(71,801		)	—			—			(11		)	—			(71,812		)
Repurchase of common stock	(443,690		)	—			—			—			—			(443,690		)
Other	(88		)	(4,576		)	—			55			—			(4,609		)
Net cash (used in) provided by financing activities	(515,579		)	494,608			905			44			(16		)	(20,038		)

Effect of exchange rate changes on cash and cash equivalents	—			417			—			4,153			—			4,570
Net increase (decrease) in cash and cash equivalents	—			20,052			(26,419		)	33,192			—			26,825
Cash and cash equivalents at beginning of period	—			34,905			339,702			36,674			—			411,281
Cash and cash equivalents at end of period	$	—		$	54,957		$	313,283		$	69,866		$	—		$	438,106

Condensed Consolidating Statement of Cash Flows



Year Ended May 31, 2010 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	215,620		$	46,146		$	149,996		$	17,902		$	(214,044	)	$	215,620
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	—			105,981			37,149			8,929			—			152,059
Amortization	—			37,723			879			2,480			—			41,082
Stock-based compensation	15,349			—			—			—			—			15,349
Deferred income taxes	—			(1,745		)	12,668			2,372			—			13,295
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			21,442			14,594			(2,512		)	(28,302		)	5,222
Inventories, net	—			49,396			(16,803		)	(913		)	(1,387		)	30,293
Uniforms and other rental items in service	—			2,379			5,655			(3,681		)	(189		)	4,164
Prepaid expenses	—			667			3,101			(53		)	—			3,715
Accounts payable	—			19,707			(70,957		)	43,498			16,691			8,939
Accrued compensation and related liabilities	—			10,022			7,435			936			—			18,393
Accrued liabilities	—			2,489			45,418			(417		)	38			47,528
Income taxes, current	—			(2,134		)	16,455			(4,326		)	—			9,995
Net cash provided by (used in) operating activities	230,969			292,073			205,590			64,215			(227,193		)	565,654

Cash flows from investing activities:
Capital expenditures	—			(62,236		)	(42,422		)	(6,420		)	—			(111,078		)
Proceeds from sale or redemption of marketable securities	—			—			8,361			26,351			—			34,712
Purchase of marketable securities and investments	—			(24,826		)	161,621			(34,137		)	(183,927		)	(81,269		)
Acquisitions of businesses, net of cash acquired	—			(25,686		)	—			(24,758		)	—			(50,444		)
Other	(156,082		)	(184,047		)	(34,494		)	84			375,036			497
Net cash (used in) provided by investing activities	(156,082		)	(296,795		)	93,066			(38,880		)	191,109			(207,582		)

Cash flows from financing activities:
Repayment of debt	—			(754		)	(35,933		)	—			36,084			(603		)
Dividends paid	(73,950		)	—			—			(10		)	—			(73,960		)
Repurchase of common stock	(969		)	—			—			—			—			(969		)
Other	32			767			—			(1,776		)	—			(977		)
Net cash (used in) provided by financing activities	(74,887		)	13			(35,933		)	(1,786		)	36,084			(76,509		)

Effect of exchange rate changes on cash and cash equivalents	—			217			—			(244		)	—			(27		)
Net (decrease) increase in cash and cash equivalents	—			(4,492		)	262,723			23,305			—			281,536
Cash and cash equivalents at beginning of period	—			39,397			76,979			13,369			—			129,745
Cash and cash equivalents at end of period	$	—		$	34,905		$	339,702		$	36,674		$	—		$	411,281