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 $1,300.0 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, 2013 (in thousands)	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	2,314,386		$	616,726		$	220,946		$	(107,471	)	$	3,044,587
Other services	—		1,587,000			31,210			124,234			(470,560		)	1,271,884
Equity in net income of affiliates	315,442		—			—			—			(315,442		)	—
	315,442		3,901,386			647,936			345,180			(893,473		)	4,316,471
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,454,791			392,134			155,490			(246,118		)	1,756,297
Cost of other services	—		1,016,074			(12,694		)	77,103			(307,376		)	773,107
Selling and administrative expenses	—		1,210,755			(66,640		)	97,646			(19,905		)	1,221,856
Operating income	315,442		219,766			335,136			14,941			(320,074		)	565,211

Interest income	—		(40		)	(272		)	(28,334		)	28,237			(409		)
Interest expense (income)	—		66,584			(875		)	3			—			65,712

Income before income taxes	315,442		153,222			336,283			43,272			(348,311		)	499,908
Income taxes	—		54,474			119,556			10,479			(43		)	184,466

Net income	$	315,442	$	98,748		$	216,727		$	32,793		$	(348,268	)	$	315,442

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:
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 Statement of Comprehensive Income



Year Ended May 31, 2013 (in thousands)	Cintas Corporation		Corp. 2			Subsidiary Guarantors		Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	315,442	$	98,748		$	216,727	$	32,793		$	(348,268	)	$	315,442

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		(12		)	—		(1,075		)	—			(1,087		)
Change in fair value of derivatives	—		(187		)	—		—			—			(187		)
Amortization of interest rate lock agreements	—		1,952			—		—			—			1,952
Change in fair value of available-for-sale securities	—		—			14		—			—			14
Other	—		—			768		—			—			768

Other comprehensive income (loss)	—		1,753			782		(1,075		)	—			1,460

Comprehensive income	$	315,442	$	100,501		$	217,509	$	31,718		$	(348,268	)	$	316,902

Condensed Consolidating Statement of Comprehensive Income



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

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

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		(18		)	—			(17,797		)	—			(17,815		)
Change in fair value of derivatives	—		(5,604		)	—			318			—			(5,286		)
Amortization of interest rate lock agreements	—		1,508			—			—			—			1,508
Change in fair value of available-for-sale securities	—		—			—			24			—			24
Other	—		—			(575		)	—			—			(575		)

Other comprehensive loss	—		(4,114		)	(575		)	(17,455		)	—			(22,144		)

Comprehensive income	$	297,637	$	161,445		$	230,102		$	420,124		$	(833,815	)	$	275,493

Condensed Consolidating Statement of Comprehensive Income



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

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

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		110			—		27,234			—			27,344
Change in fair value of derivatives	—		(5,814		)	—		(282		)	—			(6,096		)
Amortization of interest rate lock agreements	—		767			—		—			—			767
Change in fair value of available-for-sale securities	—		(22		)	—		25			—			3
Other	—		—			656		—			—			656

Other comprehensive (loss) income	—		(4,959		)	656		26,977			—			22,674

Comprehensive income	$	246,989	$	100,955		$	135,080	$	130,941		$	(344,302	)	$	269,663

Condensed Consolidating Balance Sheet



As of May 31, 2013 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Assets
Current assets:
Cash and cash equivalents	$	—		$	54,511		$	247,070		$	50,692		$	—		$	352,273
Marketable securities	—			—			5,680			—			—			5,680
Accounts receivable, net	—			355,429			96,569			44,051			—			496,049
Inventories, net	—			201,260			25,584			10,342			3,254			240,440
Uniforms and other rental items in service	—			363,662			113,024			38,917			(18,851		)	496,752
Income taxes, current	—			4,172			3,437			1,493			—			9,102
Deferred tax asset (liability)	—			534			(534		)	—			—			—
Prepaid expenses	—			7,450			12,909			4,171			—			24,530
Total current assets	—			987,018			503,739			149,666			(15,597		)	1,624,826

Property and equipment, at cost, net	—			631,480			259,586			95,637			—			986,703
Goodwill	—			—			1,449,445			68,115			—			1,517,560
Service contracts, net	—			88,157			166			3,830			—			92,153
Other assets, net	1,698,122			1,627,505			2,698,197			768,903			(6,668,337		)	124,390
	$	1,698,122		$	3,334,160		$	4,911,133		$	1,086,151		$	(6,683,934	)	$	4,345,632

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(561,454	)	$	1,084,986		$	24,728		$	38,016		$	121,029
Accrued compensation and related liabilities	—			54,591			17,642			5,817			—			78,050
Accrued liabilities	—			67,490			193,261			11,837			(767		)	271,821
Deferred tax liability	—			—			68,231			8,938			—			77,169
Long-term debt due within one year	—			8,436			(249		)	—			—			8,187
Total current liabilities	(465,247		)	(430,937		)	1,363,871			51,320			37,249			556,256

Long-term liabilities:
Long-term debt due after one year	—			1,310,384			(11,020		)	848			767			1,300,979
Deferred income taxes	—			(6		)	216,368			(5,879		)	—			210,483
Accrued liabilities	—			—			75,571			851			—			76,422
Total long-term liabilities	—			1,310,378			280,919			(4,180		)	767			1,587,884
Total shareholders' equity	2,163,369			2,454,719			3,266,343			1,039,011			(6,721,950		)	2,201,492
	$	1,698,122		$	3,334,160		$	4,911,133		$	1,086,151		$	(6,683,934	)	$	4,345,632

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	—			7,905			9,288			4,029		—			21,222
Total current assets	—			946,961			445,153			157,088		(11,116		)	1,538,086

Property and equipment, at cost, net	—			605,015			263,576			83,996		—			952,587
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		$	3,251,829		$	4,595,788		$	1,071,522	$	(6,390,658	)	$	4,165,706

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	—			72,101			176,570			13,557		(786		)	261,442
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		)	(114,398		)	1,176,804			41,299		37,233			675,691

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		$	3,251,829		$	4,595,788		$	1,071,522	$	(6,390,658	)	$	4,165,706

Condensed Consolidating Statement of Cash Flows



Year Ended May 31, 2013 (in thousands)	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	315,442		$	98,748		$	216,727		$	32,793		$	(348,268	)	$	315,442
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	—			16,647			135,345			13,672			—			165,664
Amortization of intangible assets	—			21,077			200			2,436			—			23,713
Stock-based compensation	23,310			—			—			—			—			23,310
Deferred income taxes	—			—			53,916			(5,893		)	—			48,023
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(25,206		)	(15,326		)	(2,172		)	—			(42,704		)
Inventories, net	—			9,034			(5,292		)	626			6,629			10,997
Uniforms and other rental items in service	—			(26,364		)	(11,590		)	(4,077		)	(2,148		)	(44,179		)
Prepaid expenses	—			507			(3,620		)	(168		)	—			(3,281		)
Accounts payable	—			(55,802		)	75,034			5,794			(3		)	25,023
Accrued compensation and related liabilities	—			(9,206		)	(3,977		)	22			—			(13,161		)
Accrued liabilities	—			(5,416		)	38,099			(829		)	19			31,873
Income taxes, current	—			1,110			206			10,712			—			12,028
Net cash provided by operating activities	338,752			25,129			479,722			52,916			(343,771		)	552,748

Cash flows from investing activities:
Capital expenditures	—			(39,975		)	(131,208		)	(25,303		)	—			(196,486		)
Proceeds from redemption of marketable securities	—			—			13,899			147,579			—			161,478
Purchase of marketable securities and investments	—			(683		)	(31,075		)	(158,378		)	11,672			(178,464		)
Acquisitions of businesses, net of cash acquired	—			(67,431		)	112			(2,051		)	—			(69,370		)
Other	(60,918		)	58,589			(315,519		)	(15,609		)	332,118			(1,339		)
Net cash used in investing activities	(60,918		)	(49,500		)	(463,791		)	(53,762		)	343,790			(284,181		)

Cash flows from financing activities:
Proceeds from the issuances of debt	—			250,000			638			(638		)	—			250,000
Repayment of debt	—			(225,866		)	445			(196		)	(19		)	(225,636		)
Proceeds from exercise of stock-based compensation awards	14,807			—			—			—			—			14,807
Dividends paid	(79,723		)	—			—			(21		)	—			(79,744		)
Repurchase of common stock	(215,681		)	—			—			—			—			(215,681		)
Other	2,763			(3,989		)	769			653			—			196
Net cash (used in) provided by financing activities	(277,834		)	20,145			1,852			(202		)	(19		)	(256,058		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(61		)	—			(61		)
Net (decrease) increase in cash and cash equivalents	—			(4,226		)	17,783			(1,109		)	—			12,448
Cash and cash equivalents at beginning of period	—			58,737			229,287			51,801			—			339,825
Cash and cash equivalents at end of period	$	—		$	54,511		$	247,070		$	50,692		$	—		$	352,273

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 of intangible assets	—			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 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 issuance of debt	—			—			(786		)	—			786			—
Repayment of debt	—			(843		)	324			—			(804		)	(1,323		)
Proceeds from 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 of intangible assets	—			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