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 aggregate principal amount 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

Three Months Ended August 31, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	605,758		$	162,565		$	54,965		$	(30,422	)	$	792,866
Other services	—		404,574			8,548			31,386			(117,031		)	327,477
Equity in net income of affiliates	77,754		—			—			—			(77,754		)	—
	77,754		1,010,332			171,113			86,351			(225,207		)	1,120,343
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		383,719			98,167			38,556			(65,711		)	454,731
Cost of other services	—		260,595			(3,111		)	19,064			(76,916		)	199,632
Selling and administrative expenses	—		308,761			(4,859		)	26,213			(4,205		)	325,910
Operating income	77,754		57,257			80,916			2,518			(78,375		)	140,070

Interest income	—		(8		)	(53		)	(14,694		)	14,687			(68		)
Interest expense (income)	—		16,480			44			(1		)	—			16,523

Income before income taxes	77,754		40,785			80,925			17,213			(93,062		)	123,615
Income taxes	—		15,104			29,968			819			(30		)	45,861

Net income	$	77,754	$	25,681		$	50,957		$	16,394		$	(93,032	)	$	77,754

Condensed Consolidating Income Statement

Three Months Ended August 31, 2012

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	576,285		$	152,817		$	53,784		$	(28,043	)	$	754,843
Other services	—		369,406			10,879			29,378			(113,181		)	296,482
Equity in net income of affiliates	76,733		—			—			—			(76,733		)	—
	76,733		945,691			163,696			83,162			(217,957		)	1,051,325
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		364,197			89,342			36,620			(62,011		)	428,148
Cost of other services	—		236,331			(2,417		)	17,708			(74,320		)	177,302
Selling and administrative expenses	—		290,644			(4,139		)	24,301			(4,225		)	306,581
Operating income	76,733		54,519			80,910			4,533			(77,401		)	139,294

Interest income	—		(18		)	(35		)	(24		)	—			(77		)
Interest expense	—		16,566			31			1			—			16,598

Income before income taxes	76,733		37,971			80,914			4,556			(77,401		)	122,773
Income taxes	—		14,379			30,642			1,024			(5		)	46,040

Net income	$	76,733	$	23,592		$	50,272		$	3,532		$	(77,396	)	$	76,733

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended August 31, 2013

(In thousands)



	Cintas Corporation		Corp. 2		Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	77,754	$	25,681	$	50,957		$	16,394		$	(93,032	)	$	77,754

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		7		—			(653		)	—			(646		)
Amortization of interest rate lock agreements	—		488		—			—			—			488
Change in fair value of available-for- sale securities	—		—		(13		)	(1		)	—			(14		)

Other comprehensive income (loss)	—		495		(13		)	(654		)	—			(172		)

Comprehensive income	$	77,754	$	26,176	$	50,944		$	15,740		$	(93,032	)	$	77,582

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended August 31, 2012

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors		Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	76,733	$	23,592		$	50,272	$	3,532		$	(77,396	)	$	76,733

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		8			—		7,009			—			7,017
Change in fair value of derivatives	—		(151		)	—		—			—			(151		)
Amortization of interest rate lock agreements	—		488			—		—			—			488
Change in fair value of available-for- sale securities	—		—			—		(2		)	—			(2		)

Other comprehensive income	—		345			—		7,007			—			7,352

Comprehensive income	$	76,733	$	23,937		$	50,272	$	10,539		$	(77,396	)	$	84,085

Condensed Consolidating Balance Sheet

As of August 31, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	64,369		$	190,896		$	23,405		$	—		$	278,670
Marketable securities	—			—			—			4,189			—			4,189
Accounts receivable, net	—			365,024			102,018			44,600			—			511,642
Inventories, net	—			209,299			22,909			9,720			3,542			245,470
Uniforms and other rental items in service	—			367,936			113,866			38,312			(19,730		)	500,384
Income taxes, current	—			—			(2,166		)	2,166			—			—
Deferred tax asset (liability)	—			526			(526		)	—			—			—
Prepaid expenses	—			7,559			20,324			4,051			—			31,934
Total current assets	—			1,014,713			447,321			126,443			(16,188		)	1,572,289

Property and equipment, at cost, net	—			631,172			254,952			105,207			—			991,331

Goodwill	—			—			1,454,846			76,160			—			1,531,006
Service contracts, net	—			87,264			134			5,721			—			93,119
Other assets, net	1,692,813			1,626,975			2,804,237			794,622			(6,795,215		)	123,432
	$	1,692,813		$	3,360,124		$	4,961,490		$	1,108,153		$	(6,811,403	)	$	4,311,177

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(567,870	)	$	1,095,369		$	24,684		$	38,016		$	124,952
Accrued compensation and related liabilities	—			30,394			8,877			3,976			—			43,247
Accrued liabilities	—			51,115			174,157			9,965			—			235,237
Income taxes, current	—			1,719			21,648			—			—			23,367
Deferred tax liability	—			—			71,872			8,820			—			80,692
Long-term debt due within one year	—			8,470			(270		)	—			—			8,200
Total current liabilities	(465,247		)	(476,172		)	1,371,653			47,445			38,016			515,695

Long-term liabilities:
Long-term debt due after one year	—			1,309,934			(9,983		)	848			—			1,300,799
Deferred income taxes	—			(6		)	220,463			(6,236		)	—			214,221
Accrued liabilities	—			—			83,613			838			—			84,451
Total long-term liabilities	—			1,309,928			294,093			(4,550		)	—			1,599,471
Total shareholders’ equity	2,158,060			2,526,368			3,295,744			1,065,258			(6,849,419		)	2,196,011
	$	1,692,813		$	3,360,124		$	4,961,490		$	1,108,153		$	(6,811,403	)	$	4,311,177

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 Statement of Cash Flows

Three Months Ended August 31, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	77,754		$	25,681		$	50,957		$	16,394		$	(93,032	)	$	77,754
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	—			25,690			13,305			3,576			—			42,571
Amortization of intangible assets	—			5,318			41			464			—			5,823
Stock-based compensation	6,984			—			—			—			—			6,984
Deferred income taxes	—			—			7,735			(362		)	—			7,373
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(9,495		)	(5,449		)	41			—			(14,903		)
Inventories, net	—			(8,071		)	2,675			426			(288		)	(5,258		)
Uniforms and other rental items in service	—			(4,274		)	(842		)	87			879			(4,150		)
Prepaid expenses	—			(81		)	(7,416		)	281			—			(7,216		)
Accounts payable	—			(1,001		)	4,147			(231		)	—			2,915
Accrued compensation and related liabilities	—			(24,197		)	(8,765		)	(1,815		)	—			(34,777		)
Accrued liabilities	—			(13,567		)	(11,060		)	(3,355		)	767			(27,215		)
Income taxes payable	—			5,897			27,252			(491		)	—			32,658
Net cash provided by operating activities	84,738			1,900			72,580			15,015			(91,674		)	82,559

Cash flows from investing activities:
Capital expenditures	—			(25,556		)	(8,804		)	(3,102		)	—			(37,462		)
Proceeds from redemption of marketable securities	—			—			5,659			29,574			—			35,233
Purchase of marketable securities and investments	—			(67		)	(23,946		)	(33,818		)	24,890			(32,941		)
Acquisitions of businesses, net of cash acquired	—			(12,306		)	(1		)	(19,909		)	—			(32,216		)
Other	5,309			45,815			(103,631		)	(14,662		)	67,551			382
Net cash provided by (used in) investing activities	5,309			7,886			(130,723		)	(41,917		)	92,441			(67,004		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			—			953			(953		)	—			—
Repayment of debt	—			(416		)	1,016			—			(767		)	(167		)
Exercise of stock-based compensation awards	14,085			—			—			—			—			14,085
Repurchase of common stock	(106,977		)	—			—			—			—			(106,977		)
Other	2,845			488			—			793			—			4,126
Net cash (used in) provided by financing activities	(90,047		)	72			1,969			(160		)	(767		)	(88,933		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(225		)	—			(225		)

Net increase (decrease) in cash and cash equivalents	—			9,858			(56,174		)	(27,287		)	—			(73,603		)
Cash and cash equivalents at beginning of period	—			54,511			247,070			50,692			—			352,273
Cash and cash equivalents at end of period	$	—		$	64,369		$	190,896		$	23,405		$	—		$	278,670

Condensed Consolidating Statement of Cash Flows

Three Months Ended August 31, 2012

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	76,733		$	23,592		$	50,272		$	3,532		$	(77,396	)	$	76,733
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			23,845			13,280			3,217			—			40,342
Amortization of intangible assets	—			5,127			75			898			—			6,100
Stock-based compensation	5,448			—			—			—			—			5,448
Deferred income taxes	—			—			9,764			(48		)	—			9,716
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(9,426		)	(880		)	3,178			—			(7,128		)
Inventories, net	—			7,594			261			271			1,763			9,889
Uniforms and other rental items in service	—			(4,140		)	(3,864		)	545			(1,213		)	(8,672		)
Prepaid expenses	—			201			(5,478		)	(115		)	—			(5,392		)
Accounts payable	—			(34,149		)	53,816			(3,389		)	—			16,278
Accrued compensation and related liabilities	—			(35,526		)	(12,735		)	(2,532		)	—			(50,793		)
Accrued liabilities	—			(20,442		)	(4,977		)	(2,767		)	786			(27,400		)
Income taxes payable	—			5,845			24,635			(736		)	—			29,744
Net cash provided by (used in) operating activities	82,181			(37,479		)	124,169			2,054			(76,060		)	94,865

Cash flows from investing activities:
Capital expenditures	—			(26,987		)	(15,169		)	(5,282		)	—			(47,438		)
Proceeds from redemption of marketable securities	—			—			—			24,720			—			24,720
Purchase of marketable securities and investments	—			529			(1,244		)	(35,445		)	(810		)	(36,970		)
Acquisitions of businesses, net of cash acquired	—			(1,343		)	—			(787		)	—			(2,130		)
Other	(7,928		)	57,262			(126,388		)	(25		)	77,656			577
Net cash (used in) provided by investing activities	(7,928		)	29,461			(142,801		)	(16,819		)	76,846			(61,241		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			250,000			(477		)	477			—			250,000
Repayment of debt	—			(225,384		)	1,016			—			(786		)	(225,154		)
Exercise of stock-based compensation awards	1,119			—			—			—			—			1,119
Repurchase of common stock	(77,953		)	—			—			—			—			(77,953		)
Other	2,581			(5,453		)	—			(619		)	—			(3,491		)
Net cash (used in) provided by financing activities	(74,253		)	19,163			539			(142		)	(786		)	(55,479		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			1,247			—			1,247

Net increase (decrease) in cash and cash equivalents	—			11,145			(18,093		)	(13,660		)	—			(20,608		)
Cash and cash equivalents at beginning of period	—			58,737			229,287			51,801			—			339,825
Cash and cash equivalents at end of period	$	—		$	69,882		$	211,194		$	38,141		$	—		$	319,217